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Funds managed by global alternative assets manager Apollo have acquired Gatehouse Living…
Latest property news
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Berkeley halts land acquisitions citing ‘unviable’ market conditions
The housebuilder said it would also implement a hiring freeze and employ fewer subcontractors, while prioritising value creation from existing land.
The property was originally purchased in May 2024 for £21.9m as the third acquisition for Greenridge’s GO Fund.
The funding from Investec Real Estate will be used to acquire 293 homes across three assets in Hounslow, Surrey Quays and Bedford.
Horseferry House in Westminster, which is fully let to Burberry on a lease running to 2043, was snapped up by Indonesian developer Sinar Mas.
The estate agents claim Rightmove has used its online dominance to "financially squeeze subscribers by consistently and materially raising prices without proper justification".
The current BNP Paribas Real Estate head of research and strategy will lead the merged British Property Federation, Investment Property Forum and Association of Real Estate Funds from July.
The JV with Ropemaker Properties sold the property to a private client of JLL, taking GPE's sales in the past 12 months to £490m.
CLI Dartriver bought the 127-room hotel on behalf of a private family office.
Savills has been appointed to market the fully let 12-floor building, which is at the heart of the city's Helix innovation district.
Analysis
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Subcontractors may welcome moves to end the practice of withholding fees until completion, but others in the industry fear that an outright ban will prove to be unworkable.
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A draft bill is set to change the default on new flat schemes from leasehold to commonhold, a system that is widely used in other countries.
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ECDC chief executive Rob Heasman tells Ciaran Nerval about its ambitions for the 20-year development project.
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A fragile recovery reflected in housebuilders’ results just before the outbreak of the Iran conflict is likely to be reversed as interest rates and materials prices rise.
Big interviews
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Big interview with Liverpool city region mayor Steve Rotheram
Markets
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Arts and culture venues are increasingly included in major developments. James Wilmore looks at the value they bring.
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Japanese-style capsule hotels have started to take off in UK cities. David Parsley asks what’s driving the desire for smaller-scale rooms.
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Older people have traditionally favoured buying rather than renting retirement properties. But increasingly, the rental model makes financial sense for both residents and later-living operators.
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Southampton’s growing student population is driving up demand for new residential development in the city.
Features
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A gathering of industry leaders at the Mipim conference revealed a refreshing air of determination to face up to economic uncertainty.
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Property Week features editor Andy Hillier joined 60 riders taking part in this year’s annual fundraising Cycle to Mipim, an epic challenge where participants pedal to Cannes, France.
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Speakers at Property Week’s Industrial & Logistics Conference were optimistic about the sector’s prospects, despite a number of challenges.
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Arada, known for its huge residential projects in the Gulf region, has its sights set on London. Property Week's Madeleine Knight visited its schemes in the UAE to see first hand the design principles it plans to deploy in the UK.
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