IDiP Sentiment Survey 2026: Help Us Measure the True State of Diversity and Inclusion in Property
Property Week has launched the fourth annual Inspiring Diversity in Property (IDiP) sentiment survey, inviting industry professionals to anonymously assess employer attitudes toward diversity and inclusion. This year’s questionnaire adds a question testing whether companies’ stated EDI policies reflect their actual workplace culture. For the first 100 completed surveys, Property Week will donate £5 (≈$6.40) to Furnishing Futures, a charity furnishing social housing for women and children escaping abuse. Findings will be revealed at the IDiP Forum in London on 4 June.
Letting to AI Firm Brings GPE’s Farringdon Office to Full Occupancy
Great Portland Estates (GPE) has fully let its SIX St Andrew Street office in London’s Farringdon, signing an AI firm for the remaining 11,680 sq ft. The building now generates £8.8 million (≈$10.8 million) in annual rent at £200 per sq ft (≈$246), 6.2% above...
Tritax London Logistics Fund Raises a Further £110m
Tritax London Logistics Fund secured an additional £110 million (≈ $140 million) of equity in Q4 2025, bringing its annual capital raised to £313 million (≈ $400 million). The raise includes a first £100 million (≈ $128 million) commitment from a global multi‑manager representing an Australian super fund, pushing the...
Beyond Ramps up Expansion with Three New Central London Sites
Beyond Apartments, backed by investment manager Vengrove, announced the launch of three new serviced‑apartment sites in central London—Museum House in Bloomsbury, Back Hill in Clerkenwell, and a location on Great Portland Street in Fitzrovia. The openings bring the operator’s London...
Barratt Redrow and PfP JV to Deliver 8,500-Home New Town in East Herts
Barratt Redrow and Places for People have formed a joint venture to build an 8,500‑home garden‑town development on 1,630 acres in East Hertfordshire. The plan features at least 1,950 affordable homes, 312,200 sq ft of commercial space, schools, leisure facilities and extensive...
La Caisse and Prologis Launch €1bn Pan-European Logistics JV
La Caisse (formerly CDPQ) and Prologis have created a €1 bn (≈$1.09 bn) joint venture to acquire, develop and operate high‑quality logistics properties across France, Germany, the Netherlands, Sweden and the UK. The new entity, Prologis Logistics Investment Venture Europe (PLIVE), will...
Samko Sets Sights on REIT Status Following TISE Debut
Samko Real Estate Holdings, a London‑based hospitality group, has debuted on the Official List of The International Stock Exchange (TISE) and is pursuing REIT status. The board targets £400 m (≈ $512 m) in assets under management by 2028, building on a seven‑property...
Plans Submitted for 2m Sq Ft Manchester Airport Science and Manufacturing Campus
Plans for phase one of Mix Manchester, a 2 million sq ft science and manufacturing campus at Manchester Airport, have been submitted. The initial phase will deliver over 70,000 sq ft of flexible mid‑tech workspace, a multi‑storey carpark and ground‑floor commercial space. The broader scheme...
Housing Market Loses Momentum Amid Iran Conflict Uncertainty
The RICS March residential survey shows UK buyer sentiment eroding as the Middle East conflict fuels macro uncertainty. New buyer enquiries hit a net balance of -39% and agreed sales slipped to -34%, the weakest readings since August 2023. Price...
JP Morgan Gets Green Light From London City Airport for Canary Wharf’s Tallest Tower
JP Morgan has secured approval from London City Airport to construct a 265‑metre office tower in Canary Wharf, eclipsing the current 235‑metre One Canada Square. The £3 bn (~$3.8 bn) development will provide roughly 3 million sq ft for the bank’s UK headquarters and is...
Columbia Threadneedle Puts Manchester Private Jet Facility up for Sale
Columbia Threadneedle is marketing its Manchester Airport private‑jet facility for £9.5 million (approximately $12.2 million), delivering a net initial yield of 6%. The 33,755 sq ft hangar, plus 20,667 sq ft of adjoining land, is the only airside jet hangar at the airport with direct runway...
Winckworth Sherwood Promotes Two New Partners
Winckworth Sherwood has elevated Charlotte Coleman and Qaisar Sheikh to partnership, bolstering its property litigation and education practices. Coleman brings deep experience in high‑value residential development disputes, while Sheikh adds 15 years of expertise in education, public and discrimination law, especially...
Dubai-Based Firm Launches ‘Tokenised’ BTR Product with UK Asset
Dubai‑based Tokinvest has introduced the first regulated tokenised build‑to‑rent (BTR) product in the UK, backed by a 29‑unit residential conversion in Birmingham’s Jewellery Quarter. The Great Hampton Street Works development, completed in 2025, will be offered as digital tokens that...
Nick Candy Sells Chelsea Home for Record £270m
British property billionaire Nick Candy has sold his Grade II‑listed Chelsea mansion for about £270 million (≈ $345 million), one of the most expensive UK home sales ever. The property, featuring a pool and a small lake, attracted multiple offers without formal marketing,...
Alinor and Oval Snap up Manchester’s First Street Offices
Alinor Capital and Oval Real Estate have purchased Manchester’s 1 Tony Wilson Place office block, planning a £34 million ($43.5 million) refurbishment to deliver 167,000 sq ft of grade‑A workspace by mid‑2027. The off‑market deal follows a prior asking price of £52.5 million ($67.2 million) and adds retail, gym,...
Berkeley Unveils Plans for 1,014-Home Sutton Development
Berkeley Group announced a 1,014‑home mixed‑use regeneration on Sutton’s 5.6‑acre former chalk quarry, featuring 8,500 sq ft of commercial space and 1.1 acres of publicly accessible green space. The masterplan includes premium resident amenities, private roof gardens, and a public park designed to...
Citrus Durham Wins Consent for 3m Sq Ft Integra 61 Expansion
Citrus Durham has secured outline planning consent for Phase 2 of its Integra 61 mixed‑use site in County Durham, a £340 million (≈$430 million) expansion that will add roughly 3 million sq ft of employment space. The new phase builds on a £400 million (≈$508 million) first phase that...
Apollo Funds Buy Rental Property Manager Gatehouse Living
Global alternative asset manager Apollo’s funds have acquired Gatehouse Living Group, a UK residential investment manager that operates about 10,000 homes. The purchase includes Gatehouse Investment Management and its Ascend property‑management arm, though the price was not disclosed. Existing CEO...
Farmfoods Signs 25-Year Lease at Logicor Park Daventry
Farmfoods has signed a 25‑year lease for three speculatively built units at Logicor Park Daventry, a newly reconfigured warehouse complex totaling 800,000 sq ft and certified BREEAM ‘Excellent’. The lease covers frozen, ambient storage, transportation and recycling functions, extending Farmfoods’ existing 20‑year...
LRC Group Wins £53m Package to Bolster Resi Portfolio
LRC Group, a UK residential real estate investor, has secured a £53 million (approximately $66 million) financing package from Investec Real Estate. The funds will be used to acquire 293 homes across three assets in Hounslow, Surrey Quays and Bedford, advancing LRC’s...
GPE JV Sells Uniqlo’s Regent Street Flagship Store and Offices
Great Portland Estates (GPE) and joint‑venture partner Ropemaker Properties sold the 53‑year short leasehold of 103‑113 Regent Street, Uniqlo’s flagship store and UK headquarters, for £52 million (approximately $66 million). The grade‑II‑listed 56,850‑sq‑ft building, let to Uniqlo until 2036, commands a 7.2%...
L&G Puts Prime Newcastle City Centre Office up for Sale
Legal & General has hired Savills to market The Spark, a premium office tower in Newcastle’s Helix quarter, with an asking price of £33.95 million (approximately $42 million). The 105,906 sq ft, 12‑storey building is fully let, anchored by Arden University, and offers an...
Derwent Agrees £131.8m Sale of Central London Burberry HQ
Derwent London has agreed to sell Burberry's global headquarters, Horseferry House, for £131.8 million (approximately $167 million) to Indonesian developer Sinar Mas. The 64,900‑sq‑ft office, fully let to Burberry until 2043 with scheduled rent uplifts, was bought by Derwent for £34 million ($43 million) in...
Hale Named as Real Estate:UK’s First Chief Executive
Vanessa Hale has been appointed the first chief executive of Real Estate:UK (RE:UK), the new industry body formed by merging the British Property Federation, Investment Property Forum and Association of Real Estate Funds. Hale joins RE:UK in July from her...
Seneca Sells Manchester Pharmaceutical Facility to Occupier Seda
Seneca Property has sold the 40,000‑sq‑ft Lakehouse at Cheadle Royal Business Park in Manchester to its occupier, Seda Pharmaceutical Development Services, for an undisclosed sum. Seda has already invested £8 million (≈$10 million) to convert the building into a life‑sciences manufacturing hub...
Queensway to Transform City Office Building Into 239-Bed Hotel
Queensway has obtained planning permission to convert the 75,000 sq ft office at 29 Clements Lane into a 239‑room hotel in the City of London. The retrofit‑first scheme will retain the building’s structure, restore the original lightwell, and aim for a BREEAM...
Abercrombie & Fitch to Make Northern Irish Debut at Victoria Square
Abercrombie & Fitch announced its first Northern Ireland store, opening in Belfast’s Victoria Square shopping centre. The new outlet will occupy the upper ground floor between LEGO and Sephora, the latter of which debuted in Ireland last month. Victoria Square...
LPA Calls for Upgrade in Offices’ Planning Status as Shortages Threaten to ‘Choke Growth’
The London Property Alliance (LPA) is urging the UK government to label office space as critical infrastructure in the National Planning Policy Framework, aiming to accelerate new builds and upgrades. London’s office sector produces roughly $371 bn in gross value added...
Chancerygate and Bridges Complete €40m Dublin Logistics Development
Chancerygate and Bridges Fund Management have finished the Airport Trade Park, a €40 million (≈$43 million) grade‑A urban logistics complex on a five‑acre site near Dublin Airport. The 120,260 sq ft development comprises 13 units, with three pre‑let totaling 31,200 sq ft to firms such as Imprint...
Cluttons Appoints Sambridge and Buckley as Joint Heads of Commercial
Cluttons has named Mark Sambridge and Gareth Buckley as joint heads of its national commercial division, merging previously separate teams. The new structure will deliver a data‑enabled, market‑focused offering across agency, investment, valuation, lease advisory and occupier services. Their combined...
Retail Assets Help Acuitus Raise £18.79m at March Auction
Acuitus raised £18.79 million (≈ $23.9 million) at its 30 March auction, selling several retail assets including the Bedford Arcade for £2.605 million (≈ $3.31 million) and a Leicester bank branch for £2.36 million (≈ $2.99 million). The auction featured high‑occupancy centres, a leasehold trade counter with a 7.73% yield,...
British Land and AustralianSuper Win Approval for Revisions to Canada Water Masterplan
British Land and AustralianSuper have secured deputy mayor approval for a revised Canada Water masterplan, allowing the second development phase to commence in 2027. The plan will deliver up to 4,118 homes, 2.5 million sq ft of workspace and 1 million sq ft of retail, leisure...
Brown & Brown Takes 52,303 Sq Ft at City Developments’ Office Building
Global insurance broker Brown & Brown has signed a 15‑year lease for 52,303 sq ft of office space across the sixth and seventh floors of Aldgate House in London’s City of London district. The lease, set to start toward the end of...
JP Morgan Looks for Business Rates Discount to Unlock £3bn Canary Wharf Office Project
JP Morgan Chase is negotiating a business‑rates incentive with Tower Hamlets, the Mayor of London and the UK government to move forward with its £3 billion (≈$3.8 billion) Canary Wharf office tower. The 3‑million‑sq‑ft development would house up to 12,000 staff and serve...
DWP Leases 100,000 Sq Ft at West Bar Offices in Sheffield
The Department for Work and Pensions (DWP) has signed a lease for the entire 100,000 sq ft No.1 West Bar Square, the largest Grade A office deal in Sheffield in over seven years. The move reinforces Sheffield’s role as the UK’s biggest policy‑development...
Landsec Slaps £450m Price Tag on Flagship Piccadilly Circus Island Site
Landsec has put its iconic one‑acre Lucent site at Piccadilly Circus up for sale with a guide price of £450 m (approximately $570 m), the largest West End freehold transaction since 2022. The mixed‑use development offers 188,000 sq ft total, including 126,000 sq ft of office...
Real Estate Balance Publishes Key Points to Drive Female Leadership Progression
Real Estate Balance (REB) released an eight‑point framework aimed at accelerating mid‑career women into senior leadership roles within the built‑environment sector. The recommendations were distilled from a REB event where 55 senior leaders—47% women—provided input, and 25 member organisations, including...
PIC Buys Lincoln MGT’s Reading BTR Scheme in £200m-Plus Deal
Pension Insurance Corporation (PIC) has purchased the 598‑home Ebb & Flow built‑to‑rent development in Reading from Lincoln MGT for more than £200 million (approximately $255 million). The asset, part of the £850 million (£1.08 billion) Station Hill mixed‑use regeneration, is fully let and offers...
Avant Homes Greenlit for £67m Barnsley Development
Avant Homes has received planning permission for Thorn Wood Gardens, a 289‑home development in Thurnscoe near Barnsley, Yorkshire. The scheme carries a gross development value of roughly £64 million (about $82 million) and will feature two‑, three‑ and four‑bedroom homes plus 14...
Home REIT Plans Stock Exchange Return After Publishing Accounts and Selling Assets
Home REIT, a UK social‑housing investor, announced it will seek to lift its three‑year trading suspension after publishing delayed accounts and completing a bulk asset sale. The REIT exchanged contracts to sell 706 properties to Patron Capital for £123 million (about...
Green Light for Two-Tower Housing Scheme at Pop Brixton Site
Lambeth Council and developer London Square have secured planning permission for a 228‑home scheme in Brixton, featuring an 18‑storey and a 20‑storey tower. Forty percent of the units will be social‑rent, and the project will replace the Pop Brixton and...
Wahaca Hires P-Three to Serve up Expansion Plans
Mexican casual‑dining chain Wahaba has hired placemaking firm P‑Three to accelerate its UK expansion, targeting one to two new restaurants each year. The group plans to add sites in Cambridge, Manchester, Glasgow, Birmingham and several London locations, investing roughly £1 million‑£1.5 million...
Khan and Government Confirm Emergency Measures to Kickstart London Housebuilding
The UK government and London Mayor Sir Sadiq Khan have unveiled an emergency package to revive stalled affordable‑housing projects in the capital. Housing starts have collapsed from 26,386 in 2022‑23 to just 4,522 in 2024‑25, prompting fast‑track planning for schemes delivering at...
Arini Lends easyStorage £180m for UK Roll-Out
EasyStorage, the self‑storage arm of easyGroup, secured a £180 million (≈$230 million) loan from lender Arini to fund an aggressive UK expansion. The company aims to open 30 new sites in 2026, followed by 26 sites per year, targeting a total pipeline...
Cost of Building London Skyscrapers up 40% Since 2020, Report Shows
Construction costs for London skyscrapers have surged 40% since 2018, outpacing most global peers and trailing only New York. Office shell‑core expenses now range from $6,900 to $8,700 per square metre, roughly $6,440‑$8,125 after converting the cited £ figures. The report...
Avison Young Makes 44 Senior Promotions Across the Business
Avison Young announced 44 senior promotions across its UK operations, elevating staff to associate director and director levels. The moves span eight business lines—including building consultancy, place, rating and technology, and capital markets—and cover cities such as London, Manchester, Birmingham,...
SENG Secures £65.5m Loan for Two London Office Conversions
SENG has secured a £65.5 million senior loan, roughly $82 million, from specialist lenders ASK and Firma Partners to acquire and redevelop the Regents House office building in Islington and the Chiswick Tower office asset. The loan is cross‑collateralised across both properties,...
Hines and Chancerygate Land Investec Loan for £39m Oldham Logistics Scheme
Investec Bank has issued a senior development loan of approximately $49.5 million to a joint venture of Hines and Chancerygate for the Aurora Park urban logistics scheme in Oldham. The 166,500 sq ft project will comprise 18 lease‑hold units and is projected to have...
Panattoni Promotes Cripps to Head of International Capital Markets
Industrial developer Panattoni has promoted Nick Cripps to head of international capital markets, expanding his remit to 18 markets across the UK, Europe, the Middle East and India. Cripps, who joined five years ago, previously built joint ventures and helped...
Bellway Reports ‘Robust’ Performance with Completions and Revenues Up
Bellway Homes posted a robust interim performance for the six months to January, with revenue rising 6.3% to £1.52 bn (≈$1.94 bn) and completions increasing 2.7% to 4,702 homes. Underlying pre‑tax profit edged up to £150.9 m (≈$193 m) and basic earnings per share...
