Activum SG enters UK market with £84m 795-bed PBSA portfolio buy
Real estate investment firm Activum SG, in a joint venture with Mansion Group, has acquired a 795-bed student accommodation portfolio from 90 North, which was marketed for £84m. The post Activum SG enters UK market with £84m 795-bed PBSA portfolio buy appeared first on Property Week.
‘Strong appetite’ helps Allsop raise £45m at July auction
The star lot was a freehold residential building in Marylebone comprising 25 flats, which sold for £2m. The post ‘Strong appetite’ helps Allsop raise £45m at July auction appeared first on Property Week.
Indurent grows portfolio by 18% in first year of trading
Launched last July when St Modwen Logistics and Industrials REIT merged, the business has expanded its national footprint from 27m sq ft to 32m sq ft. The post Indurent grows portfolio by 18% in first year of trading appeared first on Property Week.
Derwent London secures headlease deal for 50 Baker Street development
The developer secured planning consent for its Marylebone office scheme in August 2024 and the headlease means construction will be able to start on site next year. The post Derwent London secures headlease deal for 50 Baker Street development appeared first on Property Week.
International investor snaps up the Hand Hotel in Llangollen
The north-west Wales hotel had been guided at £1.9m by property consultancy Graham + Sibbald and was purchased in a share transaction. The post International investor snaps up the Hand Hotel in Llangollen appeared first on Property Week.
Avant Homes in talks with MHCLG to delay Building Safety Fund payments
Result for the year to the end of June 2024 revealed that the housebuilder’s cladding remediation bill rose from £68.4m in the previous year to £106.9m. The post Avant Homes in talks with MHCLG to delay Building Safety Fund payments appeared first on Property Week.
Craigard snaps up pair of prime Bristol office buildings
The purchase price for Crest House and Westward House was not disclosed, but the assets were listed for sale last year along with a third building for £6.4m. The post Craigard snaps up pair of prime Bristol office buildings appeared first on Property Week.
Devany to succeed Mulcahy as lead director of JLL’s Manchester offices team
Devany has been part of the firm’s Manchester office agency team for 11 years and has extensive regional experience. The post Devany to succeed Mulcahy as lead director of JLL’s Manchester offices team appeared first on Property Week.
LendInvest promotes McPherson to head of distribution
The firm has also appointed Paige Archer as business development manager to oversee its east London portfolio. The post LendInvest promotes McPherson to head of distribution appeared first on Property Week.
Savills reports 3.4% rise in global office costs as firms seek prime space
The West End was the world’s most most expensive office market in Q2, with an annual cost of $312.13/sq ft, followed by Hong Kong at $225.28/sq ft. The post Savills reports 3.4% rise in global office costs as firms seek prime space appeared first on Property Week.