John Lewis takes £22m hit from build-to-rent departure
John Lewis Partnership (JLP) has revealed it took a £22m hit in expenses arising from its departure from the build-to-rent (BTR) market earlier this year. In its annual report, published…
Martin’s Properties launches self-storage platform
Martin’s Properties has launched Cactus Self Storage – a wholly owned and funded self-storage platform. Martin’s Properties: Cactus Self Storage Cactus launches with planning already secured for its first purpose-built…
Yunex Traffic lands lease at Bournemouth’s Aviation Business Park
Tech firm Yunex Traffic has signed a 20-year lease at Aviation Business Park, adjacent to Bournemouth Airport. Aviation Business Park. Credit: Colliers The 160,000 sq ft unit – owned by…
National Wealth Fund to provide almost £600m for first UK modular reactors
Labour’s flagship National Wealth Fund will provide £599m to support Rolls-Royce's development of the UK’s first small modular reactors (SMRs) at Wylfa on the island of Anglesey, Wales. Concept CGI…
Edmond de Rothschild looks to sell £71m resi rental portfolio
Edmond de Rothschild Real Estate Investment Management (REIM) is seeking offers in excess of £71m for a portfolio of 405 rental homes in Glasgow, Nottingham, Newcastle and Leicester. Allsop has…
Barratt Redrow reiterates guidance after solid Q3 but uncertain backdrop hits land buying
Housebuilder Barratt Redrow has reiterated its completions guidance as it delivers a “strong” third-quarter performance, despite “heightened macroeconomic uncertainty” amid the conflict in Iran. The developer said it was “on…
Brent Cross Town secures £188.7m refinancing of first BTR assets
Related Argent secured £188.7m from HSBC and Barclays to refinance the first two build-to-rent (BTR) assets of its Brent Cross Town redevelopment masterplan in Barnet, north London. The two assets,…
International parcel firm touches down at SEGRO Park Axis near Heathrow
International mail and ecommerce parcel shipping specialist Asendia has signed a lease for an 81,500 sq ft grade-A unit at SEGRO Park Axis near Heathrow airport. SEGRO Park Axis The…
GPE toasts record year for leasing as fully managed momentum continues
Great Portland Estates (GPE) has reported “excellent” leasing activity in the fourth quarter of its financial year to the end of March, with 28 new leases and renewals signed, capping…
Grainger appoints Muldoon as senior independent director
Build-to-rent (BTR) developer and landlord Grainger has appointed Fiona Muldoon to the board as a non-executive director. Fiona Muldoon will succeed Justin Read Muldoon will also become senior independent director…