Property Week News, analysis, insight and events for UK property professionals
USS to acquire majority stake in Venn Partners
The deal with the UK’s largest private pension scheme will boost Venn’s capacity to invest in UK housing.
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Finance
Shared home ownership comes with ‘longer-term financial risks’, NAO warns
The report found that the complexities of service charges and ‘staircasing’ – where customers increase the proportion of the property they own rather than rent - make the product hard for consumers to understand.
Tishman Speyer snaps up Lazari’s Pall Mall office
50 Pall Mall comprises 33,888 sq ft across nine floors and is 87% let.
Forsters adds Morgan to banking and finance team
He joins from Macfarlanes, where he was as partner and had worked for over 15 years.
Plus Dane Housing wins £60m loan from HSBC
The five-year loan sees HSBC become a new strategic lender to the housing association.
Government launches £165m fund to unblock stalled housing sites
The Department for Transport funding will be used to finance new transport improvements in a bid to unlock housing development sites.
Government commits £70m to tackle building safety skills gap
The three-year funding programme aims to increase the number of Class 3H professionals qualified to inspect high-risk buildings, as well as training new fire engineers.
Trent & Dove secures £88m finance package to boost affordable homes
Scottish Widows provided £55m and Lloyds £30m to back the not-for-profit housing provider's operations in Staffordshire, Derbyshire, and Leicestershire.
JP Morgan looks for business rates discount to unlock £3bn Canary Wharf office project
Tower Hamlets Council is set to agree a business rates discount for the planned 3m sq ft tower, which would be the largest and most expensive office building in London.
PIC buys Lincoln MGT’s Reading BTR scheme in £200m-plus deal
The pension fund's puchase of the 598-home Ebb & Flow scheme is its largest BTR deal to date, adding to a portfolio containing four other developments.