Reading Time: 3 minutesUK: UK Chancellor Jeremy Hunt has announced that the 75 per cent discount on business rates [up to £110,000] for businesses in the hospitality, leisure and retail sectors has been extended by another 12 months as part of his Autumn Statement.
Reading Time: 2 minutesUK: Privately-owned real estate manager Redevco has announced a number of promotions and hires across its business, including the promotion of Chris Baker to UK portfolio director effective from 1 September 2023.
Reading Time: < 1 minuteUK: Avamore Capital, a private property lender focused on bridging and development loans, has announced its entry into the PBSA market in the UK.
Reading Time: < 1 minuteUK: The University of Manchester is inviting bids for a contract worth up to £400 million to design, build, finance and operate new student accommodation in the city.
Reading Time: 2 minutesUK: New research from global real estate advisor CBRE has found that the UK’s major university towns are facing a shortage of more than 350,000 beds, as demand continues to outweigh supply and delivery of student accommodation.
Reading Time: < 1 minuteUK: Proptech firm Lavanda has partnered with student accommodation specialist UPP to offer summer short-stay solutions to 15 universities across the UK.
Reading Time: < 1 minuteUK: Global real estate investor and asset manager Starlight Investments has entered the UK BTR market.
Reading Time: 4 minutesUK: The UK’s travel and tourism sector is expected to see a boost of more than £200 million as a result of King Charles III’s Coronation weekend [6-8 May] and fortnight around those dates.
Reading Time: 2 minutesUAE / UK: Rasmala Investment Bank Limited, an alternative investment manager in the Middle East, has launched a five-year UK multifamily strategy to create a portfolio of residential properties in the UK exceeding US$2 billion in investment value.
Reading Time: 3 minutesUK: In today’s Spring Budget, the UK government has announced the creation of 12 new investment zones as part of its Levelling Up agenda.
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