BNP Paribas Real Estate UK’s CEO steps away after 40 years with the business
BNP Paribas Real Estate UK’s chief executive Mark England is leaving the business after almost 40 years. Stepping away: Mark England Gary Higgins, managing director of subsidiary Strutt & Parker,…
Khan commits £88.6m to training London’s next housebuilders
London mayor Sir Sadiq Khan has unveiled an £88.6m investment package to enable more than 20,000 construction courses to train the next generation of housebuilders. The package, funded by the…
Aberdeen appoints VervLife to take over four BTR assets from JLP
Aberdeen has appointed rental living operator VervLife to manage four build-to-rent (BTR) schemes, taking over from John Lewis Partnership (JLP), Property Week can reveal. The schemes comprise nearly 1,000 units,…
CBRE IM and Moda make first acquisition under single-family housing platform
CBRE Investment Management (IM) and Moda Living have completed the first transaction under their single-family housing platform (SFHP), bagging a 222-home portfolio from Bellway. CGI of Fallow Wood scheme, Burgess…
Pharma giant GSK to leave Stevenage for new Cambridge facility
Pharma giant GSK has revealed it is closing its Stevenage site and opening a global research and development centre being built by development partner Prologis at Cambridge Biomedical Campus. GSK…
Tritax Big Box gains planning consent for Slough data centre
Tritax Big Box REIT (BBOX) has secured planning permission for its 107MW Manor Farm data centre development in Slough, Berkshire. The scheme had been opposed by Slough Council, but following…
Avison Young poaches five BNP Paribas staff for London capital markets team
Global commercial real estate adviser Avison Young has appointed five specialists from BNP Paribas to its capital markets team in London, as the firm continues the expansion of its service…
Close Brothers backs gs8 resi scheme in Hertfordshire with £20m loan
Close Brothers Property Finance has agreed to provide housebuilder gs8 with a £20m loan to finance a scheme in Radlett, Hertfordshire, with a gross development value of £47m. CGI of…
Savills reports £1bn of industrial real estate assets currently under offer
A total of £1bn of industrial real estate transactions are currently under offer, according to Savills. Investment volumes in the UK industrial sector reached £2.38bn in the first half of…
Brookfield Properties rebrands to BGRE
Global real estate operator and developer Brookfield Properties has rebranded as BGRE with immediate effect, to reflect the business’s continued growth. BGRE manages office, logistics, hospitality, retail and residential space…