Green light for London PBSA scheme
UK: Property investment and development firm Hurlington Capital has secured planning permission for a £150 million GDV scheme in Deptford, south London.
UK: Property investment and development firm Hurlington Capital has secured planning permission for a £150 million GDV scheme in Deptford, south London.
US: Investment firm KKR has agreed to buy a portfolio of 19 student housing assets from Blackstone Real Estate Income Trust for $1.64 billion.
UK: Flexible workspace provider Industrious has taken more than 70,000 square feet at Royal London Asset Management Property’s 131 Finsbury Pavement scheme.
UK: Wise Living has announced has been appointed by PGIM Real Estate to manage and let a 918-home SFR portfolio in the north-west of England.
UK: Grainger is set to launch Glasshouse Square, a 468-unit BTR development in Bristol next year.
UK: Specialist property lender ASK Partners has provided a 24-month senior loan facility of £18.2 million to support a private client investor in the acquisition of Chiswick Tower, an office block in west London.
UK: Global investment manager Hines is forward-funding the Pottery Lane BTR scheme in Newcastle, its first deal in the UK BTR market.
New Zealand: A newly launched BTR tracker has revealed that New Zealand has 1,307 BTR homes already delivered, with a further 850 under construction and 3,395 in the pipeline.
Recent changes to permitted development rights are welcome, but with the housing crisis worsening, the flexibility of the new Class MA should be extended further, says James Doherty of Boyer.
UK: UK BTR investment volumes in Q1 2024 reached £433.3 million, down from £1.2 billion in the same period last year, according to new preliminary data from CBRE.