News

All the latest news from across commercial and residential property. Or check out everything we’ve published in date order.

Jamie Bennett-NessGot a story for us? Contact news editor Jamie Bennett-Ness:  jamie.bennettness​​​​@propertyweek.com

Latest News

External shot of Horseferry House offices, SW1

Derwent agrees £131.8m sale of central London Burberry HQ

Horseferry House in Westminster, which is fully let to Burberry on a lease running to 2043, was snapped up by Indonesian developer Sinar Mas.

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Hale named as Real Estate:UK’s first chief executive 

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.

Uniqlo's flagship UK store and offices on Regent Street

GPE JV sells Uniqlo’s Regent Street flagship store and offices

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.

Care home

Two thirds of investors boosted their healthcare allocation in 2025, CBRE finds

In its 2026 Healthcare Sentiment Survey, CBRE revealed that approximately £10bn was invested in the care home sector last year, accounting for 79% of all healthcare investment.

The Spark, Newcastle Helix

L&G puts prime Newcastle city centre office up for sale

Savills has been appointed to market the fully let 12-floor building, which is at the heart of the city's Helix innovation district.

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Starwood sells Leicester Square’s Radisson Blu hotel

CLI Dartriver bought the 127-room hotel on behalf of a private family office.

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Frogmore to exit fund management business

The company confirmed the move after a series of recent administrations as it winds down its £400m FREP III value-add fund, with a host of schemes being sold off or handed back to lenders.

A cluster of office buildings

LPA calls for upgrade in offices’ planning status as shortages threaten to ‘choke growth’

The London Property Alliance wants offices to be designated as critical infrastructure, after reporting that 14m sq ft of office floorspace has been lost since 2018.

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Databricks to quadruple London office footprint amid £643m UK investment drive

AI company Databricks has announced plans to invest more than $850m (£643m)…

Simon Century, Amy Rees, Pat Ritchie and Peter Vernon

Government’s £16bn National Housing Bank opens for business

Homes England has officially launched the National Housing Bank alongside a new investment plan, which will look to deploy £16bn of debt, equity and guarantees to deliver 500,000 new homes.

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Planned retention payments ban may not be on the money

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.

Left to right: Gareth Buckley and Mark Sambridge

Cluttons appoints Sambridge and Buckley as joint heads of commercial

They will lead a newly merged teams covering areas including agency, investment, lease advisory, valuation, business rates, and projects and building consultancy.

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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.

Airport Trade Park

Chancerygate and Bridges complete €40m Dublin logistics development

Three units totalling 31,200 sq ft have been pre-let at Airport Trade Park, a grade-A urban logistics development near Dublin Airport.

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Valor Real Estate Partners announces raft of senior promotions

The company has made nine promotions, including four promotions to senior vice-president, as it continues to expand its platform across Europe.

Victoria Square, Belfast

Abercrombie & Fitch to make Northern Irish debut at Victoria Square

The US fashion brand joins other recent retail signings, including LEGO and Sephora, at the Belfast shopping centre.

Hotel room

Queensway to transform City office building into 239-bed hotel

The scheme will include a ground-floor café, a co-working space, a bar and a lounge area.

The Lakehouse at Cheadle Royal Business Park

Seneca sells Manchester pharmaceutical facility to occupier Seda

The sale follows the building's repositioning as a specialist life sciences facility.

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BlackRock enters £1bn JV with GMPF to drive primary healthcare investment

The JV has been launched with a seed portfolio of 65 primary care assets serving over 700,000 patients.

Will Clough

Allsop pays tribute to ‘brilliant leader’ Will Clough

He joined the company as a graduate in 2010 and later became a partner and served as lead auctioneer in Allsop’s commercial auction business.

CGI of the refurbished One Eden

Canary Wharf gets green light for revamp of 33 Canada Square

The office building, which the group is bringing forward on a pre-let basis, will span more than 545,000 sq ft of workspace, plus retail amenities.

50 Pall Mall, St. James's

Tishman Speyer snaps up Lazari’s Pall Mall office

50 Pall Mall comprises 33,888 sq ft across nine floors and is 87% let.

Railway track

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.

Rolls-Royce

Rolls-Royce selects JLL to provide lease and transaction administration

Rolls-Royce has selected JLL to provide lease administration, transaction management and other call-off services, marking a major expansion of the strategic relationship between the two organisations.

House on money pile

Plus Dane Housing wins £60m loan from HSBC

The five-year loan sees HSBC become a new strategic lender to the housing association.

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Forsters adds Morgan to banking and finance team

He joins from Macfarlanes, where he was as partner and had worked for over 15 years.

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Metrocentre partners with council for 4,500-home Metro Riverside

The new 'city within a city' will regenerate under-used brownfield land surrounding the Gateshead shopping centre.

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New Mac Mic Land chief exec unveils 35,000-home expansion plan

Steve Clegg will oversee plans to increase the planning and land promotion company's holdings from 62 to 85 sites in the next six months.

Starbucks

Starbucks announces plans for 500 new stores across the UK

The US coffee giant's expansion plans come just six months after it closed 10 UK sites.