UK & Ireland Homepage - Green Street News

Residential

Goodstone strikes £116m deal for first Dagenham Green BTR homes

Apartments will sit within the first phase of a wider 45 acre masterplan

Retail

Q+A: Redevco’s CEO on going big in the UK

Neil Slater provides the inside track on the £520m retail park deal that shook the market last year
Corporate

Hamid Moghadam to step down as Prologis CEO

Moghadam will hand reins to current president Dan Letter next year
Corporate

Stoneweg to take over MC Property in €8bn portfolio growth push

Company founded by Mark McLaughlin last year advised Swiss investor on its Cromwell Europe takeover
People

PGIM Real Estate appoints head of UK equity

Shaun Hose is being promoted a year after joining from Patrizia
Hotels & Leisure

GIC, APG and Chadha agree €400m CitizenM brand offload

Broader €4bn sale of underlying assets real estate paused – for now
Investment

Matalan founder launches Liverpool HQ for sale

Property was acquired in sale and leaseback in late 2020

Politics

Oxford Street traffic ban could spark office development boom

The Mayoral Development Corporation could supersede Westminster’s control of London’s primary shopping thoroughfare – and surrounding offices
Corporate

Q+A: L&G on its quest for scale across Europe

Michael Barrie and Emma Long discuss the asset manager’s aspiration to export its UK real estate pedigree to Continental Europe

Europe news

Occupier

KPMG in rental talks at landmark Frankfurt offices

Auditor considering making Park Tower and Opernturm its combined Frankfurt headquarters
Logistics

German-US joint venture spins out €400m warehouse collection

First round of bidding for Project Helix to be completed before Mipim
Investment

GIC on board for £2bn Arch Co deal

Sovereign fund to take stake in €3bn+ Blackstone fund as part of transaction
Logistics

Thor Equities refinances Spanish logistics portfolio

New €22.5m green loan in place for Madrid and Barcelona assets

More from UK & Ireland

Hotels & Leisure

£70m+ Nobu hotel finds buyer five years falling into lender’s hands

A deal to sell the luxury Shoreditch hotel was nearly reached in 2021
Logistics

Tungsten plans 140,000 sq ft mid-box scheme after off-market deal

Developer working with fund manager on Lichfield project
Co-living

Packaged Living teams up with Buccleuch for £40m co-living debut

Woolwich scheme will be third companies have partnered on
Politics

Litigators support Landlord and Tenant Act as consultation closes

95% want to keep law, though most support streamlining
Logistics

US investor toasts £90m Rum portfolio

Group buys collection of multi-let assets from fund manager

Advisers appointed on potential recap of The Other House portfolio

Eastdil Secured brought in by APG and London Central Portfolio which could value business to over £400m
Fiera Real Estate makes final close of debut UK logistics fund

Vehicle has built up £420m of firepower with leverage of up to 50%
Clearbell signs trio of lettings at Manchester’s Freetrade office

Zurich, Aptia and Nine Chambers will take a combined 19,000 sq ft of workspace
Tritax Big Box launches next phase of Oxford development

Phase two will comprise 1.8m sq ft of space across nine units
Regional REIT’s portfolio value continues to slip

REIT’s asset manager notes “improvement in sentiment” despite valuation decline
Capital & Centric secures £37m loan for Manchester mill redevelopment

Talbot Mill project backed by Paragon Bank
Plans lodged for Wheat Quarter mixed-use project

Proposals for the former Shredded Wheat site in Welwyn Garden City brought forward by IJM Land and Treble Eight Group
JLL reports double-digit growth as Ulbrich eyes “massive productivity gains” from AI

Chief executive Christian Ulbrich says company is rolling out “a couple of dozen” AI products
Royal London unveils plans for final phase of Bristol Distillery scheme

Two new office buildings to occupy the last remaining plots
ECF selected for 850-home Hull mixed-use scheme

Hull City Council to enter into 15-year development agreement with joint venture

Analysis

Secondaries

Stars align for secondaries boom

Structural factors combine with weak investment market to propel growth
London

Row brewing as cycle spaces put City towers in jeopardy

New towers need thousands of cycle bays under GLA rules – but new research says just 14% would be used
Corporate

French SCPIs are flying high in the UK – but why and will it continue?

New kids in town successfully raising capital from retail and institutional investors and are deploying aggressively
Residential

In one market 20% of rental homes are BTR – but is demand still going up?

Commentators dismiss fears of oversupply but rental growth is slowing in UK’s most concentrated BTR region
People

Martin Barber remembered as a great property entrepreneur

Late Capital & Regional founder also launched what became the largest US industrial REIT

Opinion

Why German and UK landlords have different attitudes to flex space

German landlords could find inspiration in UK flex playbooks
Thinking of repurposing? Test the location’s DNA first

Redevelopment will not always stack up, but that doesn’t mean owners can afford to do nothing
How the living sector is shaping up to be the ultimate franchise

Multi-family has paved the way for new and exciting sequels
Social rented homes: a foundation for strong communities

Social housing could unlock large-scale housing redevelopment and economic growth
Shah on property: theory of devolution brings job cuts at RICS

Up to 100 HQ roles could go as new boss Justin Young pushes staff into regions

People

Changes at the top for London mega mall owner

Senior switch as Unibail-Rodamco-Westfield merges UK and Northern Europe regions
CBRE capital markets director heads to Cushman

Partner joins the Manchester office
Bywater continues growth drive with senior Europa hire

New hire strengthens group’s executive leadership team
Song Capital hits the high notes with big-name hires

Healthcare heavyweight Keith Harris on board as part of appointment charge
Aermont poaches BGO exec for France focus

Investment specialist will work across asset classes
Bell Hammer recruits fund management heavyweight

Former Orchard Street exec brought in to help craft developer’s next chapter

Investment

Q+A: Multi’s co-CEO – “There’s going to be a lot of repositioning opportunities”

Elmar Schoonbrood on co-investments in Italy, re-entering the UK and offices
Logistics

Q+A: EGLS’ Worboys and Chia on setting up, securing capital and the desire to go again

Kamco-backed firm has secured its first project and is establishing a trio of strategies
Finance

Q+A: CBRE’s Clarence Dixon on why he doesn’t expect a wave of forced sales

The firm’s global head of loan services says “no one wins” with enforcement in this market