The UK Apartment Association will be announcing five award winners at the Annual Build to Rent Conference and Awards ceremony in London on the evening of 2nd November 2023. ‘People Awards’ will recognise excellence, quality, and best practice in the Build to Rent (BTR) sector, with a newly inaugurated series of ‘Whole Life Costing Awards’ highlighting…
residential
Baxi’s parent company BDR Thermea Group is acquiring a 25 per cent stake in G.I. Holding, a market leader in renewable energy-powered commercial and industrial climate solutions. Headquartered in Latisana, Italy, G.I. Holding manufactures and markets a range of heat pumps, liquid chillers, air handling units, rooftop-packaged units and fan coil units under the brand…
CBRE has arranged the sale of a mixed-use property comprising 12 residential apartment units and a street-front retail building in Costa Mesa, California. Acquired by a local private investor for US $3.2 million, the transaction represented a selling price of US $425 per square foot (or US $246,154 per unit) as the property exchanged hands…
Cushman & Wakefield has served as exclusive advisor to a joint venture between Legacy Partners and Affinius Capital for the financing of Maris, a new Built Green certified luxury apartment development in Seattle, Washington. The property at 4722 Fauntleroy Way SW in West Seattle comprises 306 units and features 9,369 square feet of ground floor…
NEOM, Saudi Arabia’s ambitious giga-project and the venue for the 2029 Asian Winter Games, has signed SAR 21 billion (US$ 5.6 billion) of public-private partnerships to develop temporary ‘communities’ to accommodate workers during the first phase of development. The preferred investors for the first phase of the residential communities included Saudi companies Alfanar Global Development,…
Cushman & Wakefield has added Washington State to the geographical responsibility of its Managing Principal for Oregon, Alison Beddard. The new appointment expands on her current role as Managing Principal for the state of Washington, which she has held since January 2021. Based in the firm’s Seattle office in the Pacific Northwest, Beddard will oversee…
Qvantum Energi AB, the Swedish company behind an under-the-sink heat pump for apartments on district heating networks, has received a Design Plus powered by ISH award from a panel of judges including the German Design Council. The awards celebrate “future-proof” products that exhibit an optimum combination of sustainability, aesthetic appeal, and functionality, and are considered one of the…
UK private investors can now target the property maintenance market through an intuitive digital platform called EVO which connects social housing landlords, tenants and tradespeople. The EVO application provides a more efficient way to maintain and responsively repair property by providing a fully managed solution so that both landlord and tenant don’t have the hassle of sorting, while unlike other providers, all builders are…
Maryhill Housing Association in northwest Glasgow has selected Imtech Group subsidiary Spie UK for a 36-month contract to service and repair door entry systems across its estate of 300 properties . SPIE UK will be responsible for the planned preventative maintenance (PPM) and reactive repairs of door entry systems to over 300 properties. Within the…
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…
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…
Savills Investment Management (Savills IM) has completed investments in the office and residential sectors in Japan, as well as its acquisition of a local neighbourhood shopping centre in Australia for its flagship pan-Asian fund. In Japan, Savills IM has acquired a high-quality office in Greater Tokyo. The multi-tenant building totals approximately 5,500 sqm of rentable…
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…
The Momentum Group has been awarded the property management contract for Grade A office accommodation, Aviation House on the Estuary Business Park in Speke, within the vicinity of Liverpool’s John Lennon Airport. The appointment adds 18,000 sq ft of space under management to the company’s growing portfolio of property management instructions including city centre properties,…
Nicklaus Companies and award-winning developer FM Group have launched the first residential golf community in Europe to be carry the legendary golfer’s name at Stonehaven in Scotland. The development of luxury homes at the historic Ury Estate is being built around an 18-hole Jack Nicklaus Signature Golf Course which is also the site of a…
Estate agency Chestertons Global reports that a record number of applicants to UK universities from the UAE is increasing demand for new homes in Central London. Data from the UCAS university admission service confirms a record number of students from the UAE have applied to UK universities in 2022. The UK is highly regarded as…
Start Living, a single-family build-to-rent joint venture between TPG Real Estate Partners and Gatehouse Bank PLC, is implementing the MRI Living suite of solutions to drive operational efficiencies for their property management portfolio. Start Living offers two-, three- and four-bedroom homes in areas that provide family-focused amenities such as schools and leisure facilities, typically as…
Scottish solutions business Eco Group has launched an innovative off-grid lighting system to cut energy bills and reduce the carbon footprint of businesses in partnership with renewable energy solutions specialist Kight Off-Grid Solutions. Eco Off-Grid is a standalone LED street lighting system which works independently from the grid. Powered by solar and wind energy, it can…
Savills Investment Management (“Savills IM”), the international real estate investment manager, has acquired Pitmore, the UK Development and build-to-rent (BTR) specialist, as a key part of plans to grow its UK residential and BTR platform. As one of the UK’s most experienced residential advisors, being involved in the sector since 2012, the senior partners of…
Cushman & Wakefield has welcomed a six-member multifamily brokerage team with over 225 recorded sales across almost 10,000 residential units and transactions exceeding US $1.5 billion to its office in Seattle. The distinguished team which is led by Tim McKay, Sam Wayne, Dan Chhan and Matt Kemper, has negotiated several, significant tansactions during the past…
Pinnacle Group subsidiary Pinnacle Power is claiming a UK first following the development of a new Heat Maintenance Technician Apprenticeship programme. The new 36-month apprenticeship aims to support the UK’s journey to net zero, building on the sustainable energy expertise that Pinnacle provides its private and public sector commercial and residential property clients. Initial approval…
FCA-regulated online real estate investment platform Shojin is reporting a 35 per cent increase in Asian investors over the past year as real estate in the United Kingdom continues to be in demand from global investors. The company is gaining strong momentum among investors based in Hong Kong, Singapore and Taiwan, mirroring the changing appetite…
Iain Cox, Chair of the Business Sprinkler Alliance (BSA) revisits a fire in a commercial laundry facility in the United Kingdom to argue building operators must look beyond current safety regulations. Recent years have highlighted the impact of design decisions on fire safety during the construction of buildings and the ensuing need for remediation. It…
Construction is underway at Miller’s Quay, the £130 million urban regeneration development on the left bank of the River Mersey in North West England, and flagship project of the UK government’s ‘levelling up’ strategy. A partnership between Peel L&P, Wirral Metropolitan Borough Council, and long-term investor (and Peel funding partner) Pension Insurance Corporation (PIC), the…
According to the latest survey from Handelsbanken, 49 per cent of small and mid-sized professional landlords with a minimum of four properties in the UK are planning to increase their portfolios in the year ahead, as optimism about residential and commercial property builds despite fears of an economic downturn and the cost of living crisis.…
Cushman & Wakefield has advised charitable foundation, The Ben B. and Joyce E. Eisenberg Foundation, on the disposal of a fully leased industrial park totaling 139,567 square feet in North Hollywood, California, with all proceeds from the sale to support the foundation’s charitable activities. Known as the Sherman Way Industrial Center, the multi-tenant property consists…
Plans have been unveiled for Above, a 350,000sf ground-up creative office project that will support the continuing regeneration of Los Angeles’ Arts District. Owned and entitled by LA-based The Legendary Group, the 17-story Class A project will consist primarily of 311,000 sf of office space on 12 floors plus 22,000 sf of ground floor production,…
Tom Roche, Secretary of the Business Sprinkler Alliance, comments on calls from the Royal Institute of British Architects (RIBA) for the government to halt building demolition in favour of refurbishment and repurposing as the UK transitions to a more sustainable built environment. With the built environment accounting for 38% of total energy-related global CO2 emissions,…
Trei Real Estate GmbH has selected Apleona to deliver integrated soft and hard FM services at two residential and commercial properties it is developing in Berlin. The contract covers a total of 304 apartments and retail stores with a total area of around 4,500 sq. m, and is due to start in summer 2022 six…
With new fire safety legislations demanding a renewed focus on safety in all residential settings, Karen Trigg, business development manager, Allegion UK, explains why care home and sheltered housing associations must prioritise fire door maintenance. The regulations and standards associated with fire safety and sheltered, assisted and social housing are, by necessity, robust. Yet, the…
Karen Trigg, business development manager, South East, at Allegion UK, considers Document Q approval requirements for security products used in dwellings. The importance of products being Document Q approved is now widely understood by architects, developers, installers, and increasingly, homeowners. Following the introduction of these standards in October 2015, which apply to all new residential…