Real Estate

News

Bespoke Broadband Infrastructure for Single Family Housing

Hyper-fast UK broadband provider Glide Group has launched a bespoke Infrastructure and managed service solution for developers of single-family housing (SFH). The end-to-end solution combines fibre infrastructure, a fully managed Wi-Fi and broadband service and additional features such as landlord services, leveraging the company’s expanding national full-fibre network to connect a smart development and deliver…

Perspectives

Bloomberg Intelligence Comments Ahead of Bank of England Interest Rate Decision

Bloomberg Intelligence (BI) housing, real estate and construction analyst Iwona Hovenko, and senior equity research analyst Philip Richards, comment on tomorrow’s anticipated increase in interest rates by the Bank of England. Iwona Hovenko, Property, Real Estate & Mortgage Analyst at BI, says: “The Bank of England’s 50 bps rate hike on Thursday may not change…

ESG

Savills IM Reports Over €3.9bn of Transactions in 2022

Savills Investment Management (Savills IM) transacted more than €3.6 billion globally in private real estate equity transactions in 2022 including c. €3.1 billion in Europe and c. €540 million in Asia. Savills IM completed those 112 transactions across 14 countries in 2022, including around €2.1 billion of acquisitions and €1.5 billion of disposals, resulting in…

News

Cushman & Wakefield Makes Senior Appointment to Colorado Residential Land Services Team

John Covert has been appointed as a director of Cushman & Wakefield’s Denver office and member of its newly formed Rocky Mountain Residential Land Services. Covert’s background includes a variety of work across the residential sector, including single-family residential development, lot and land acquisition, land development, consulting, urban planning, municipal / regional economic development, business…

News

Delaware North Expands U.S. Parks and Resorts Portfolio

Delaware North has acquired the Best Western Premier Grand Canyon Squire Inn expanding its presence in the North American parks and lodging market.The 322-room hotel and resort is situated in Tusayan, Arizona, 7 miles from the South Rim entrance of Grand Canyon National Park, making it one of the closest lodging options to the park…

News

Savills IM Makes Key European Appointment

Savills Investment Management has appointed Evert Castelein as Senior Fund Manager with responsibility for its investment strategy in the European logistics and industrial sectors. Castelein assumes responsibility for leading and growing new pooled investment vehicles geared at exploiting the continuing rental growth pressure in undersupplied urban markets, but at repriced levels. The introduction of flexible…

Australia

Apex Group Wins Mandate from Capital Prudential Real Estate Fund

Apex Group has been appointment by Capital Prudential Manager Pty Ltd to support the Capital Prudential Real Estate Master Trust. Capital Prudential is a leading non-bank financial institution, offering attractive returns from pooled investment in diversified property developments delivered entirely as regular predictable income streams. Apex Group has been appointed to provide Fund Administration, Loan…

News

Cushman & Wakefield Strengthens Industrial Real Estate Capability in Arizona

Cushman & Wakefield has added two more talented commercial real estate brokers to its industrial sales and leasing teams in Phoenix, Arizona. Joining the firm are Micki Strain, Managing Director, who will specialize in institutional industrial investment sales, and Foster Bundy, Senior Associate, who will focus on industrial leasing and private capital sales. Strain will…

News

fu3e Appoints Chief Revenue Officer

Developer of adaptive real estate management software fu3e has named Andy Kean as Chief Revenue Officer. Kean, a SaaS sales leader with a track record of consistently high performance and achieving ambitious growth targets, served most recently as director and Head of UK Sales for CoStar Group in a role which saw him responsible for…

News

JLL Canada Expands Workplace Consulting Capabilities

JLL has recruited a new Workplace Consulting team to its Canadian Project and Development Services business. Susan Chang joins as Senior Vice President, Workplace Consulting, with Curtis Kjinserdahl appointed as a director and Eddy Zhao joining as an analyst. The Workplace Consulting team will specialize in Real Estate Portfolio Optimization, Facility Planning and Programming, Workplace…

News

Pets Welcome Here

A show house on Miller Homes’ Longshore Village development at Blyth in Northumberland, Northern England, includes an innovative pet-friendly feature. The company recently opened the four bedroom, detached Sherwood show home which has interiors inspired by its coastal location – an added bonus for walking pets. Miller Homes worked alongside Newcastle-based Q Interiors to come…

News

Refinancing of Seattle Multifamily Tower Project

Cushman & Wakefield has brokered a US $110 million refinancing deal with Citibank for Met Tower, a multifamily high-rise development at 1942 Westlake Avenue in Seattle, serving as exclusive advisor to Low Tide Properties and Continental Properties. Met Tower is a 366-unit luxury apartment property. Originally built in 2001, the property features studio, one- and…

News

Aston Rose Joins Rapleys

Property consultancy Rapleys LLC has welcomed the partners and staff of established London surveying firm Aston Rose into its business as it continues an expansion that began with the acquisition of planning practice CSJ in October.  Aston Rose is a property advisory firm with a core focus on commercial surveying and building consultancy, two of…

Asia Pacific

Savills IM to Acquire Brisbane Office Building for Pan-Asian Fund

Savills Investment Management (Savills IM), the international real estate investment manager, has agreed to acquire HQ South, an A-grade office building in Fortitude Valley, Brisbane from M&G, for its flagship pooled pan-Asian strategy fund. The asset comprises a modern 14,588 sqm building in the thriving near-city Fortitude Valley precinct, with 1,503sqm in food and beverage…

News

Ian Williams Strengthens Leadership Team

Privately owned UK property services company Ian Williams has announced several senior internal appointments from April 2023 as part of its succession planning. The new team led by Zane Poyner, as managing director, represents a wide range of talent and experience. Key members include Jayne Cox, Finance Director, Amy Boothman, Sales & Marketing Director, Jason…

Americas

Denver Appointments Enhance Cushman & Wakefield Valuation Capabilities

Mark Lodmill, MAI has joined Cushman & Wakefield’s Valuation and Advisory (V&A) Living Sectors practice in Denver as an Executive Director. With more than 25 years’ real estate appraisal and consulting experience, Lodmill focuses on multifamily valuations throughout Colorado’s front range, western slope and high-country regions including Denver, Boulder, Greeley, Fort Collins, Grand Junction, Durango,…

ESG

Acquisition Strengthens Infogrid ESG Commercial Real Estate Reporting Capabilities

SaaS building intelligence provider Infogrid has acquired Aquicore, a leading ESG data and analytics company that empowers real estate institutions to take the actions necessary to achieve net zero carbon.  The announcement comes off the back of a period of high growth for Infogrid. In response to increasing demand from customers grappling with rising energy…

Construction

Construction to Start at £26M Lancashire Industrial Park Project

Building work commencing in December will deliver 405,000 sq ft of industrial and commercial space at a new £26 million industrial and commercial park on the historic 21-acre Botany Bay site in Chorley, Lancashire. On completion, the new development will feature 33 units for light industrial and commercial use ranging in size from 1,000 sq…

Australia

MRI to Acquire PropTech Group for A$93.4 Million

MRI Software has signed a binding Scheme Implementation Deed to acquire 100 per cent of the share capital of PropTech Group Limited which develops and sells real estate software, and is listed on the Australian Securities Exchange (ASX). The A$0.60 cash per share offer, equating to an implied equity value of approximately A$93.4 million on…

News

Ian Williams Reports Continuing Growth

Privately held UK property services company Ian Williams has reported an increase in revenue for fiscal year 2021, with total sales of £92 million and a net profit margin of 2.6 per cent. The financial peformance represents a return to pre-COVID levels, with the company’s order book now exceeding £500 million. Ian Williams has also…

EMEA

MRI Unveils Next-Gen Real Estate Platform

MRI Software has presented its vision for the next generation of its open technology platform MRI Agora™ at the company’s Ascend users conference in New Orleans. According to the software developer, the new Agora platform will enable real estate businesses to make better decisions through connected data, automate mundane tasks, and differentiate through technology. “The…

Net Zero

Supporting Sustainable Renting with Technology

Technology is reducing water and energy use and helping residents live more sustainablly at Quintain’s 85 acre Wembley Park development in north west London. Saving on utilities consumption is more important than ever, with individuals and businesses all needing to play their part. At Quintain Living, the award-winning management company overseeing the rental of more…

News

MRI Acquires South African Tenancy Credit Bureau

MRI Software has announced its acquisition of Johannesburg-based TPN Group, a registered credit bureau serving the residential, commercial and education markets in South Africa. TPN’s solution portfolio includes verification services for credit, employment, and criminal records, as well as legislation-compliant document packs, market reports, and toolkits. Founded in 2000, TPN serves more than 20,000 property…

Construction

ViaWest Breaks Ground on Salt Lake City Industrial Project

Arizona-based real estate development and investment company ViaWest Group has broken ground on a new 172,845-square-foot Class-A speculative warehouse building in Salt Lake City, Utah. The new 5 South Commerce Center development is scheduled for completion in the second quarter of next year. Cushman & Wakefield director Phillip Eilers and colleagues, Jon Schreck and Rick…

Construction

UKAA Announces Headline Theme for Build to Rent Conference

The UK Apartment Association (UKAA) has announced its annual Build to Rent Conference and Industry Awards ceremony will be held under the theme, ‘The Pursuit of Excellence’, on 15th November when major players from the BTR sector will gather in London for its annual event which includes an awards ceremony. By focusing on excellence, the…

Mauritius

deVere Mothballs UK Property Investment Advisory Citing Mortgage Woes

deVere Group, which has US $12bn under advisement, has announced the temporary closure of its UK property investment division as inflation fears suggest the Bank of England will need to hike interest rates more aggressively to combat rising prices. James Green, deVere Group Investment Director, explains: “We are concerned about the availability of credit and,…

France

Savills IM Acquires Logistics Properties for Pan-European Logistics Fund  

International real estate investment manager Savills Investment Management (Savills IM) has acquired three logistics properties in France for a total €72 million on behalf of its European Logistics Fund 3 (ELF 3). The ELF 3 portfolio now comprises 15 properties in five countries.  In Dijon, an inner-city cross dock facility to serve the last mile…

Appointments

F3GROUP Announces New CEO

UK real estate developer F3GROUP has appointed Jon Dixon as its new CEO, with current CEO Gavin Gleave taking up a new role within the company as Executive Chairman. A qualified chartered surveyor, Dixon brings with him a wealth of experience in the real estate investment and development industry across Europe and the Middle East.…

FM Magazine

UK Real Estate Sector Reacts to BoE Interest Rates Rise

FM Magazine sounded out Paresh Raja, CEO of Market Financial Solutions (MFS) and Shojun CEO, Jatin Ondhia, on the 50 basis point hike in interest rates announced today by the Bank of England.  Paresh Raja, CEO, MFS, says: “The property market is being pulled strongly in two different directions. Today’s interest rate hike is significant, impacting…

Finance

Wells Fargo Strengthens Airport Industrial Property Unit Trust’s Property Programme with Flexible Debt Finance

abrdn plc’s Airport Industrial Property Unit Trust (AIPUT) has secured £350m of new debt financing from Wells Fargo to deliver a transformational investment programme for its prime industrial real estate portfolio in the United Kingdom. The new Facility which consists of a split-term loan and revolving credit facility structure with an initial committed term of…

Appointments

CREFC Announces Chair Elect and Changes to Leadership Board

CREFC Europe, a trade association for real estate lenders and the European real estate finance market,  has announced its new Chair Elect at its Annual General Meeting. Nassar Hussain of Brookland, already a member of the CREFC Europe Board, has stepped into the Chair Elect role.  Chris Bennett of DekaBank takes over as Chair from…

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