News
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Assura rejects PHP takeover offer as KKR presses ahead with new bid
Private equity firm KKR has teamed up with Stonepeak Partners in a takeover offer for Assura after it turned down the previous approach. The proposed offer of 48.56p per share values…
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Blackstone buys remaining 50% stake in the Arch Company
Blackstone has acquired TT Group’s 50% stake in the Arch Company. The US-based private equity firm now has full ownership of the £2bn portfolio comprising more than 5,000 UK railway…
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Criterion gets nod for the first hotel in Scotland
Criterion Capital has secured planning approval from the City of Edinburgh Council for the transformation of 109-112 Princes Street into a 652-bedroom hotel. The approval marks the developer’s first hotel…
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Flight to quality hits grade-B office stock
Three-quarters of available office space across central London is grade B, reinforcing the urgent need for investment in upgrades to meet the expectations of occupiers seeking grade-A space. Research by…
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Hammerson secures £8.6m of leases over start of 2025
Hammerson has started 2025 with £8.6m in headline income already secured, at a 10% increase over previous passing rent and 11% above ERV. In its 2024 results, the shopping centre…
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European retail set for modest growth
The European retail sector is showing resilience in the face of economic uncertainty, with real retail sales in the Eurozone projected to grow at 1.7% per annum from 2025 to…
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Dandara and Gamuda team up for Glasgow student scheme
Dandara Living has partnered with Gamuda Land UK to develop a 492-bed student accommodation scheme in Glasgow. City Wharf will be located next to Kingston Bridge at Anderston Quay and…
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Full steam ahead for Chancerygate Torque scheme
Chancerygate and Bridges Fund Management have secured planning consent to build 270,000 sq ft of grade-A urban logistics space in Erdington, Birmingham. The Torque scheme, located on the former GKN…
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Investec and Kier launch £400m logistics JV
Investec Bank’s equity strategy Realis has formed a joint venture with Kier Property to develop £400m GDV of urban logistics assets across England. The JV is Investec and Kier’s third…
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Flex v traditional offices: Battle of the ERV
Flexible workspace returns have outperformed estimated rental values across multiple London submarkets when compared with five-year trends. A report by flex workspace consultancy Hewn examined the one-, three- and five-star…
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Prime time: the outlook for central London
COMMENT Unica Capital’s Byron Baciocchi on what will drive deals this year
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In interview: Aerial photographer Jason Hawkes
A helicopter view of London’s changing built environment