Magna secures £150m package to fund plans for 1,500 homes
Housing association Magna Housing has secured £150m of financing from Allied Irish Bank, Barclays and Nationwide to support the provision of 1,500 homes over the next five years. The package…
Pennycook rejects rent controls after Greens’ local election push
Housing minister Matthew Pennycook has confirmed the government will not support the introduction of rent controls, following the Green Party's calls to do so ahead of local elections next month.…
LondonMetric reaping rewards of focus on ‘winning sectors’ as rental income rises
LondonMetric chief executive Andrew Jones has heralded a 16% rise in net rental income as a result of the REIT's focus on "winning sectors" in the face of challenging macro…
Brown to step down as Real Estate Balance managing director
Sue Brown will step down as managing director of industry membership body Real Estate Balance (REB) at the end of this month after six years in the role. Sue Brown…
Palace Capital’s portfolio value drops 16% over six-month period
Palace Capital’s portfolio value has fallen 16% on a like-for-like basis in the six months to the end of March, driven by weaker office and leisure valuations. The company, which…
Buyer of Nick Candy’s £270m Chelsea mansion revealed
Billionaire Labour Party donor Suneil Setiya has been revealed as the buyer of Nick Candy's home in Chelsea, west London, which he sold for £270m earlier this month. The Financial…
Japanese firm snaps up Douglas House in London office market debut
Japanese real estate firm Sogo Development Group has acquired Douglas House in London's Fitzrovia, marking its first office investment in the West End. The 1930s property was refurbished in 2019…
Knight Property Group snaps up Glasgow site for speculative industrial development
Knight Property Group has acquired a six-acre development site at Hillington Park in Glasgow for a speculative industrial development. Done deal: 55 Carnegie Road, Hillington, Glasgow The site at 55…
US luxury duo set for European debuts on Mayfair’s Mount Street
Two luxury US brands are set to make their European debuts with flagship stores on Grosvenor's Mount Street in Mayfair. Mount Street, Mayfair New York fashion designer Adam Lippes will…
Allsop releases 356-lot catalogue for April resi auction
Allsop has released its fourth residential catalogue of the year, comprising 356 lots – 15 of which are priced over £1m – to be offered over two days on 29…