Property Week

Property Week

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Leading UK commercial property magazine reporting on market trends, valuations and investment strategies.

Mount Anvil Gets Green Light for 274-Home Chelsea Development
NewsMar 11, 2026

Mount Anvil Gets Green Light for 274-Home Chelsea Development

Mount Anvil has secured planning permission for a 274‑home development on Lots Road South in Chelsea, allocating 44% of units to affordable housing. The scheme includes 65 extra‑care social‑rent homes, 53 general‑needs social‑rent homes, and 156 private residences. Kensington and...

By Property Week
Biopharmaceutical Firm Gilead Takes 50,000 Sq Ft at One Triton Square
NewsMar 11, 2026

Biopharmaceutical Firm Gilead Takes 50,000 Sq Ft at One Triton Square

Gilead Sciences is leasing 50,000 sq ft at One Triton Square in central London, adding to the building’s recent leasing momentum. The development, completed in October 2025, is now 77 % let or under offer, reflecting strong demand for premium biotech space. One Triton...

By Property Week
Strettons Raises £11.7m at February Auction
NewsMar 11, 2026

Strettons Raises £11.7m at February Auction

Strettons reported £11.7 million in sales at its 19 February national property auction, achieving an 80% success rate. The headline transaction was a freehold commercial unit on Hoe Street, Walthamstow, which fetched £1.365 million against a £1 million guide price. Residential sales also performed...

By Property Week
French Investor Snaps up Inverness Travelodge for £4.1m
NewsMar 5, 2026

French Investor Snaps up Inverness Travelodge for £4.1m

French real estate manager Epsicap REIM, via its SCPI vehicle Epsicap Nano, acquired the 54‑room Travelodge hotel in Inverness for £4.1 million. The property, refurbished in 2017, is under a 20‑year lease with Travelodge, marking the fund’s first hotel investment. The...

By Property Week
HBD Sells Warminster Supermarket and Retail Units for £8.6m
NewsMar 5, 2026

HBD Sells Warminster Supermarket and Retail Units for £8.6m

HBD, the property arm of Henry Boot, sold a purpose‑built Waitrose supermarket and three adjoining retail units in Warminster for £8.6 million to an unnamed UK REIT. The 29,350 sq ft development, completed in 2012 on a two‑acre site, is fully let with...

By Property Week
Lysara Buys Belfast Transport Infrastructure Asset for £25m
NewsMar 5, 2026

Lysara Buys Belfast Transport Infrastructure Asset for £25m

Lysara, a pan‑European transport infrastructure platform, has purchased a 10‑acre last‑mile logistics asset in Belfast’s Titanic Quarter for £25 million. The site includes a 91,000 sq ft distribution centre, a 479‑space multistorey van park and existing electric‑vehicle charging, and is fully let to...

By Property Week
Taylor Wimpey Launches £52m Share Buyback as Profits Plummet 54%
NewsMar 5, 2026

Taylor Wimpey Launches £52m Share Buyback as Profits Plummet 54%

Taylor Wimpey announced a £52 million share‑buyback programme even as full‑year 2025 pre‑tax profit plunged 54.3% to £146.5 million, while revenue rose 13% to £3.84 billion. The profit decline was driven by a £222.2 million increase in cladding remediation costs and an £18 million CMA...

By Property Week
Barratt London Sells 311 North-West London Affordable Homes to L&G
NewsMar 4, 2026

Barratt London Sells 311 North-West London Affordable Homes to L&G

Legal & General’s Affordable Housing Fund has purchased 311 affordable homes at Colindale Gardens, north‑west London, from Barratt London for an undisclosed price. The acquisition includes 158 units built beyond planning obligations to accelerate social‑rent delivery. The homes will be...

By Property Week
Marylebone Mansion Helps Allsop Raise £46m at Resi Sale
NewsMar 4, 2026

Marylebone Mansion Helps Allsop Raise £46m at Resi Sale

Allsop’s second residential auction of the year generated £46 million from 152 lots, achieving an 84 % success rate. The headline sale was a Marylebone mansion block at 105 Hallam Street, which fetched £4.75 million and comprises 79 occupied flats producing £306,000 annual...

By Property Week
Vistry Buys West Sussex Site to Build 550 Homes with Barratt
NewsMar 4, 2026

Vistry Buys West Sussex Site to Build 550 Homes with Barratt

Vistry has purchased an arable site in East Grinstead, West Sussex, to develop a 550‑home scheme. The company will forward‑sell 130 of the homes to Barratt David Wilson, a Barratt Redrow subsidiary, before breaking ground in 2027. The development, approved...

By Property Week
Fieldstone Secures Headline Rent at Haydock 140 in Merseyside
NewsMar 4, 2026

Fieldstone Secures Headline Rent at Haydock 140 in Merseyside

AVK SEG, a data centre power and AI infrastructure firm, has signed a 15‑year lease for Fieldstone Developments' Haydock 140 in Merseyside at a headline rent of £12.50 per square foot, the highest rate recorded in the North West. The 140,000‑square‑foot...

By Property Week
Padrock Acquires Borehamwood Site for 245,000 Sq Ft MLI Scheme
NewsMar 4, 2026

Padrock Acquires Borehamwood Site for 245,000 Sq Ft MLI Scheme

Padrock has purchased a 17‑acre site in Elstree, Borehamwood to develop a 245,000 sq ft urban multi‑let industrial (MLI) complex. The scheme, approved in outline, will feature 13 units ranging from 10,500 sq ft to 130,000 sq ft and aims for EPC ‘A+’ and BREEAM ‘Outstanding’...

By Property Week
Wendover Splashes £70m on Former Mayfair Members’ Club Building
NewsMar 4, 2026

Wendover Splashes £70m on Former Mayfair Members’ Club Building

Developer Wendover has purchased Washington House on Conduit Street for over £70 million, acquiring a rare Mayfair freehold. The 1920s six‑storey building, formerly The Conduit members’ club, holds planning consent for roughly 40,000 sq ft of grade‑A office space and alternative uses such...

By Property Week
Olympian Gains Gateway 2 Approval for 46-Storey Canary Wharf Co-Living Brand Debut
NewsMar 4, 2026

Olympian Gains Gateway 2 Approval for 46-Storey Canary Wharf Co-Living Brand Debut

Olympian Homes received gateway 2 approval from the Building Safety Regulator for its 46‑storey Vivus Living co‑living tower at Marsh Wall, Canary Wharf. The development will contain 833 studio units, hotel‑style services, and aims to raise £280 million in debt and equity, with...

By Property Week
Hotel Sector ‘Bounced Back Following Challenging Start to 2025’
NewsMar 3, 2026

Hotel Sector ‘Bounced Back Following Challenging Start to 2025’

The UK hotel sector rebounded strongly in the second half of 2025 after a difficult first half marked by rising costs and softer ADRs. RevPAR across London and regional markets finished roughly level with 2024, while occupancy in regional hotels...

By Property Week
Ballymore and Penta Get Go-Ahead for 373-Home Phase of Brentford Scheme
NewsMar 3, 2026

Ballymore and Penta Get Go-Ahead for 373-Home Phase of Brentford Scheme

Urban regeneration specialist Ballymore, partnered with Penta Real Estate, has secured planning permission for the second phase of its £300 m Brentford redevelopment, adding 373 new homes across nearly 12 acres. The mixed‑use scheme will extend the town’s high street onto...

By Property Week
Langham Estate Set to Unveil 50 Eastcastle Street Refurbishment
NewsMar 3, 2026

Langham Estate Set to Unveil 50 Eastcastle Street Refurbishment

Langham Estate announced a £50 million refurbishment of 50 Eastcastle Street, converting the historic Fitzrovia building into 46,000 sq ft of furnished workspace. The project, part of a broader upgrade programme for the estate’s West End portfolio, retains the former Princess’s Theatre façade while...

By Property Week
Barwood Capital Announces £300m Fundraise Target for I&L Vehicle
NewsMar 3, 2026

Barwood Capital Announces £300m Fundraise Target for I&L Vehicle

Barwood Capital has launched Growth Fund VI, targeting £300 million with a £400 million hard cap, to invest in UK industrial and logistics real estate driven by the fourth industrial revolution. The six‑year closed‑ended vehicle will seek a final close in Q2 2027 and...

By Property Week
Custodian Property Income REIT Acquires Automotive Property Firm in £8.5m Deal
NewsMar 3, 2026

Custodian Property Income REIT Acquires Automotive Property Firm in £8.5m Deal

Custodian Property Income REIT has bought family‑run Scorpion Properties for £8.5 million, adding five industrial sites in the south Midlands. The portfolio, valued at an average £1.7 million per asset, generates £600 k of annual passing rent, boosting Custodian’s rent roll by about...

By Property Week
Argyll Revamps Hudson House in Covent Garden with £3.5m Refurb
NewsMar 3, 2026

Argyll Revamps Hudson House in Covent Garden with £3.5m Refurb

Argyll has launched a £3.5 million refurbishment of the grade‑II‑listed Hudson House in Covent Garden, converting 14,000 sq ft across seven floors into 48 private serviced offices. The project, slated for completion in June, preserves Edwin Lutyens’ original marble floor and vaulted ceilings...

By Property Week
Chancerygate Snaps up Birmingham Site for 147,000 Sq Ft Logistics Development
NewsMar 2, 2026

Chancerygate Snaps up Birmingham Site for 147,000 Sq Ft Logistics Development

Chancerygate has acquired a vacant seven‑acre site at Hams Hall in Coleshill, near Birmingham, to develop approximately 145,000 sq ft of grade‑A sustainable urban logistics space. The scheme will consist of six leasehold units ranging from 12,000 to 47,000 sq ft, all designed to...

By Property Week
Kennedy Wilson and CPP Commit £300m for Single-Family Housing
NewsMar 2, 2026

Kennedy Wilson and CPP Commit £300m for Single-Family Housing

Real estate firm Kennedy Wilson and Canada Pension Plan Investment Board have pledged an additional £300 million to their UK single‑family rental joint venture, bringing the portfolio to about 2,000 homes across 23 sites. The new funding enables the acquisition of...

By Property Week
PPHE Repurchases Waterloo Hotel Almost a Decade After Sale-and-Leaseback Deal
NewsMar 2, 2026

PPHE Repurchases Waterloo Hotel Almost a Decade After Sale-and-Leaseback Deal

PPHE Hotel Group has bought back the Park Plaza London Waterloo for £147.9 million, ending a 199‑year lease that began after a 2017 sale‑and‑leaseback. The original transaction fetched £161.5 million and set an annual rent that has risen to £7.3 million. The repurchase...

By Property Week
Federated Hermes Secures Dual Lettings at Fareham Reach Business Park
NewsFeb 26, 2026

Federated Hermes Secures Dual Lettings at Fareham Reach Business Park

Federated Hermes secured dual lettings totalling 34,000 sq ft at Fareham Reach Business Park in Gosport, Hampshire. Healthcare logistics firm Life Couriers UK added 27,231 sq ft, bringing its total footprint to 55,076 sq ft and consolidating its headquarters. The Hampshire Police and Crime Commissioner renewed...

By Property Week
PKF Francis Clark Expands Office Space at RO Real Estate’s Bristol Development
NewsFeb 26, 2026

PKF Francis Clark Expands Office Space at RO Real Estate’s Bristol Development

PKF Francis Clark is moving into 12,960 sq ft of office space on the second and third floors of RO Real Estate’s 90 Victoria Street development in Bristol, vacating its ground‑floor suite by end‑March. RO Real Estate will refurbish the ground floor...

By Property Week
Derwent Sets £1bn Disposal Target as Lone Star Snaps up £110.5m West End Asset
NewsFeb 26, 2026

Derwent Sets £1bn Disposal Target as Lone Star Snaps up £110.5m West End Asset

Derwent London announced an accelerated disposal programme targeting £1 billion of asset sales over the next three years, leveraging strong demand for prime office space. The company sold its 103,500‑sq‑ft Fitzrovia office at 90 Whitfield Street to Lone Star for £110.5 million, reflecting...

By Property Week
BGO and LRC Partner to Invest in 2,100-Home Multi-Family Portfolio
NewsFeb 26, 2026

BGO and LRC Partner to Invest in 2,100-Home Multi-Family Portfolio

BGO Strategic Capital Partners has teamed with LRC Group to acquire 19 newly built and refurbished residential buildings, forming part of a 2,100‑unit multi‑family portfolio. The deal includes additional add‑on acquisitions, primarily in Greater London, and was executed for an...

By Property Week
Tool Retailer ITS to Set up Shop at Dagenham Logistics Hub
NewsFeb 25, 2026

Tool Retailer ITS to Set up Shop at Dagenham Logistics Hub

Trade tool retailer ITS has signed an eight‑year lease for a 17,700 sq ft unit at Padrock’s Dagenham Logistics Hub, slated to open in April as London’s largest tool superstore. The hub comprises 14 industrial units ranging from 6,550 sq ft to 34,825 sq ft, all...

By Property Week
John Lewis Partnership Axes BTR Business
NewsFeb 25, 2026

John Lewis Partnership Axes BTR Business

John Lewis Partnership announced it will abandon its build‑to‑rent (BTR) venture, which began in 2020 and includes four schemes in Reading, Bromley, Stratford and West Ealing. The decision stems from a “fundamental shift” in economic conditions – higher interest rates,...

By Property Week
Lipton Rogers and LaSalle Trim Down Barbican Office Scheme After Backlash
NewsFeb 25, 2026

Lipton Rogers and LaSalle Trim Down Barbican Office Scheme After Backlash

Lipton Rogers, on behalf of LaSalle, has submitted a revised plan for the 1 Silk Street office project at London’s Barbican Estate, trimming the western tower from 20 to 17 storeys after more than 1,000 objections. The redesign cuts total office space...

By Property Week
L&G Buys Lambeth Hospital Site to Deliver £350m BTR Scheme
NewsFeb 25, 2026

L&G Buys Lambeth Hospital Site to Deliver £350m BTR Scheme

Legal & General, together with Nest and PGGM, has signed a contract to purchase the former Lambeth Hospital site in south London for a £350 million build‑to‑rent development. The six‑acre project will create 700 mixed‑tenure homes, featuring all‑electric buildings, green spaces,...

By Property Week
Atenor Secures Planning Permission for Retrofit of 10 New Bridge Street Offices
NewsFeb 25, 2026

Atenor Secures Planning Permission for Retrofit of 10 New Bridge Street Offices

Atenor has obtained planning permission for a deep‑retrofit of its Fleet House office at 10 New Bridge Street in the City of London. The scheme will preserve roughly 73% of the 1960s‑era structure while adding a ninth floor and a...

By Property Week
ABP Signs Amazon for 120,000 Sq Ft at Port of Cardiff
NewsFeb 25, 2026

ABP Signs Amazon for 120,000 Sq Ft at Port of Cardiff

Amazon has signed a lease for a 120,000 sq ft Grade‑A logistics unit at the Port of Cardiff, the first phase of Associated British Ports’ new business‑park development. The 24‑acre site was quickly adapted to meet Amazon’s specifications and is already operational....

By Property Week
Unite Group Profits Plummet 78% as It Forecasts Weaker 2026
NewsFeb 24, 2026

Unite Group Profits Plummet 78% as It Forecasts Weaker 2026

Unite Group, the UK’s largest student‑property developer, posted a 78% plunge in 2025 pre‑tax profit to £97.6 m, driven by a £73.7 m portfolio revaluation loss and a £22.5 m swap‑related hit. Revenue grew 10.6% to £332.8 m, but occupancy fell to 95.2% and...

By Property Week
Pandox Secures AIM Loan to Support £1.22bn Dalata Acquisition
NewsFeb 24, 2026

Pandox Secures AIM Loan to Support £1.22bn Dalata Acquisition

Pandox secured a €150 million loan to fund its €1.4 billion acquisition of Dalata’s 31‑hotel portfolio across Ireland and the UK. The deal adds 6,626 rooms, bringing Pandox’s total properties to 193 and expanding its footprint in key northern and western European...

By Property Week