Property Week

10/01/2025

Comer Homes has won an appeal to prevent the demolition of its build-to-rent scheme in Woolwich.

Read Ciaran Nerval's report here: 👉https://ow.ly/bSBo50UEmk5

Comer Homes has won an appeal to prevent the demolition of its 204-home build-to-rent (BTR) scheme in Woolwich but it must make design changes and pay Greenwich Council nearly £7m.

09/01/2025

Healthcare REIT Assura is set to sell a further £200m of assets as part of a disposal programme.

Read David Parsley's report here 👉

Healthcare REIT Assura is set to sell a further £200m of assets as part of a disposal programme that saw the group sell 17 properties for £48.4m in Q4 2024.

09/01/2025

HUB has promoted Victoria Manston, Tom Valente, Tom Stoneham and Brad Burridge in its development team.

Read Anandita Malhotra's report here👉 https://ow.ly/mvBy50UC0m9

08/01/2025

Scottish developer Connect Modular has become the latest MMC housebuilder to enter administration. How do you think this will impact the industry? Let us know below 👇

Read Ciaran Nerval's report: https://ow.ly/9hMr50UBTzw

Scottish developer Connect Modular, along with its sister company, has become the latest modern methods of construction (MMC) housebuilder to enter administration due to rising costs and loses.

08/01/2025

How will British Land’s proposed changes to the £4bn Canada Water masterplan impact the future of the development?

Read Jamie Bennett-Ness' report here👉https://ow.ly/PHFA50UBLSn

British Land is proposing significant changes to its £4bn Canada Water masterplan in response to fire safety laws and rising construction costs.

07/01/2025

Nick Vaughan, former head of Greater London residential development at Savills, has taken the role of chief executive of Southern Grove.

Read Mel Flaherty's report here 👉: https://ow.ly/3QpU50UB12Q

Nick Vaughan, former head of Greater London residential development at Savills, has taken the role of chief executive of Southern Grove to lead the firm’s new 50,000-home plans, Property Week can reveal.

07/01/2025

Property Week’s Finance and Data Editor Madeleine Knight has handpicked the top 10 finance stories you need to know from December.

In a surprise update delivering Christmas fear rather than cheer to investors, Vistry issued a third profit warning on Christmas Eve. In the same month, its rival Barratt Redrow reported a pre-tax profit of £355m in its first end-of-year update. Berkeley’s half-year results revealed a 7.7% fall in pre-tax profit to £275.1m. Meanwhile, the final finance analysis of 2024 revealed that REITs were the most shorted sector globally, partly driven by property’s vulnerability to high interest rates.

1. Short sellers target property but the impact on the UK market is limited: https://ow.ly/GQYl50UAUSC

2. Vistry shares plunge as housebuilder issues third profit warning in three months: https://ow.ly/oMNf50UAUSA

3. Barratt Redrow reveals £355m profit in first annual figures since £2.5bn merger: https://ow.ly/vMSh50UAUSG

4. Berkeley reveals new 10-year strategy as half-year profit dips: https://ow.ly/BtZU50UAUSx

5. BoE's interest rate hold puts Labour’s housebuilding targets ‘further out of reach’, Excellion boss warns: https://ow.ly/Z23C50UAUSy

6. Southey Capital makes unsolicited £32m tender offer to buy Home REIT: https://ow.ly/n2Hb50UAUSH

7. Canary Wharf Group secures key £610m refinancing loan from Apollo: https://ow.ly/Wzjn50UAUSB

8. NAV nudges up at Custodian ahead of 'brighter' 2025: https://ow.ly/guuR50UAUSw

9. St James's Place to shed 500 jobs in move to cut costs: https://ow.ly/YWNB50UAUSF

10. Supermarket Income REIT completes secondary listing on Johannesburg stock exchange: https://ow.ly/usM450UAUSz

07/01/2025

Lauder Teacher has appointed Donal McCabe, LVO, as executive chairman.

Read Anandita Malhotra's report: https://ow.ly/2pRt50UAUer

Lauder Teacher, the strategic communications and investor relations consultancy, has appointed Donal McCabe, LVO, as executive chairman and chairman of its international advisory board.

06/01/2025

Rob Perrins, chief executive of Berkeley Group, has joined the board of Grosvenor’s UK property business.

Read Madeleine Knight's report: https://ow.ly/1gyF50UAkOF

Rob Perrins, chief executive of FTSE 100 housebuilder and developer Berkeley Group, has joined the board of Grosvenor’s UK property business as a non-executive director.

06/01/2025

Housing secretary Angela Rayner is set to rule on the future of Grenfell Tower next month, an update from government has revealed.

Read Jamie Bennett-Ness' report: https://ow.ly/P7Cl50UAfEx

Housing secretary Angela Rayner is set to rule on the future of Grenfell Tower next month, an update from government has revealed.

03/01/2025

What are your thoughts on Lendlease's plan to sell its UK construction business to Atlas Holdings?

Read Ciaran Nerval's report: https://ow.ly/ZVMP50UyMFs

Lendlease has announced plans to sell its UK construction business to US private equity firm Atlas Holdings.

02/01/2025

Simon Murphy, Amos Simbo, and others in real estate and construction were honoured for their contributions in the New Year’s Honours List.

Read Jamie Bennett-Ness' report here: https://ow.ly/WUMJ50UyMst

Simon Murphy, previous chief executive of Battersea Power Station Development Company, and James Darkins, former chief executive of TH Real Estate (Nuveen), were among those across the built environment recognised in the New Year’s Honours list.

25/12/2024

From those of us at Property Week, we wish everyone a Merry Christmas and a Happy New Year!🥂✨To those who don't celebrate, enjoy some well-deserved time off and rest!

24/12/2024

What do you think about the Supreme Court judgment in the Surrey oil well case which raises questions over how far developers need to factor in indirect emissions when considering environmental impacts?

Read Tim Clark's report:

In June, two Just Stop Oil campaigners jumped the rope near Stonehenge and sprayed the Neolithic monument with orange paint as part of a climate protest.

23/12/2024

Unibail-Rodamco-Westfield (URW) has sold 80% of its stake in its Trinity office tower in Paris to Norges Bank Investment Management.

Read Madeleine Knight's report: https://ow.ly/XTAy50UvT2R

Unibail-Rodamco-Westfield (URW) has sold 80% of its stake in its Trinity office tower in Paris to Norges Bank Investment Management, the fund management division of Norges Bank.

23/12/2024

Will the surge in new film and TV studios in the North transform the region into a production powerhouse?

Read Adam Branson's report: https://ow.ly/W6S250UrRmW

20/12/2024

Vue has signed two new leases with Landsec to take on sites Yorkshire.

Read Jamie Bennett-Ness' report: https://ow.ly/CLsQ50UuSfK

Vue has signed two new leases with Landsec to take on sites at Tower Park in Poole and Xscape Yorkshire.