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UK News




LONDON


Canary Wharf Recruits From Grosvenor for Wood Wharf DirectorJack Brewster will
be the development director at the mixed-use Docklands estate.
London Facing 'Critical' Lack of Lab SpaceGerald Eve's report raises concerns
that speculative lab development could slow.

British Land and Landsec Team Up For UK Planning ManifestoA planning reset would
lead to more growth, more homes and more jobs, the REIT duo says.
Carter Jonas Appoints Partner to New National Open Storage TeamAndrew Mitchell
is joining the team from Cluttons.
Remote Work Estimated To Wipe Out $800 Billion in Office Value in These Nine
Global CitiesA change in behavior involving office use is threatening to have a
“severe and lasting impact,” according to a new report from McKinsey Global
Institute.
Spurs Looks to Score Second Time Around With Council Over Giant
Homes DevelopmentFire regulations prompt revisions to Premier League team's
consented scheme.
Mandarin Oriental Hotel Group Chooses South Bank For Third London LocationThe
luxury hotel group has signed for a 33-storey building at Native Land's Bankside
Yards.
Schroders and Stanhope Get All-Clear for Bloomsbury Offices MakeoverThe duo will
add two floors to the complex near Tottenham Court Road.


MORE NEWS

Cineworld's Lenders Seek To Chart New Course in Naming New CEOMovie theater
operator is expected to exit U.S. bankruptcy this month.
UK Economy Shrinks in May Amid Broader Picture of StagnationKing’s Coronation
affected growth in May but economy has barely grown since 2019.
Global Report
CoStar World News for July 13Barcelona Hotel Sells for Record Per-Room Price,
Investors Buy Two Large UK Industrial Portfolios, Debt Funding Gap Looms Over
French Investment
Wetherspoons More Than Halfway Through Pubs Disposals ProgrammeThe pubs giant
criticises some media for misinterpreting disposals as a 'money-raising'
exercise.
Long-Vacant UK Industrial Property, New US Airport Terminal Among Architectural
Awards FinalistsBattersea Power Station and Newark Liberty International Airport
are among the finalists for the 2023 World Architecture Festival.
UK Hotel Transactions Landscape: Eager Buyers and Weary BankersThe U.K. hotel
transactions landscape shows some signs of distress, debt is hard to come by,
and the bid-ask divide is notable.
Post-Merger Pyramid Focuses on What Makes Its Divisions SpecialPyramid Global
Hospitality has grown significantly through, and since, the 2021 merger of
Pyramid Hotel Group and Benchmark Global Hospitality as well as its late 2022
acquisition of Provenance Hotels.
Restaurant Properties Sell Across US as Investors Bet on More Demand for
Dining OutThe Necessity Retail REIT sold 44 Bob Evans eateries to Orion Real
Estate Group, while Four Corners Property Trust picked up 13 Cheddar’s Scratch
Kitchens and one Olive Garden.
CoStar Insight
Cloud of Uncertainty Hangs Over the New York Office Sector After a Muted
Second QuarterSupply continues to outpace demand ahead of the typically slow
summer leasing season.
Hotels Across the Globe Liven Up Summer Cocktails With Local Ingredients,
Refreshing FlavorsHotel food-and-beverage venues in destinations such as Brazil,
Italy, Barbados and California are debuting flavorful cocktails to cool down
with this summer and enjoy on their own or paired with a meal.
Architect David Adjaye Steps Away From His First Chicago Project Amid
Allegations of Sexual MisconductDeveloper Fern Hill said the project is to
continue without the London-based building designer.
Frank Gehry's Planned Residential Towers, the Architect's Tallest, Mark His
Return to TorontoWorld-renowned building designer, who now calls Los Angeles
home, teams with major developers in his birthplace.
Global Report
CoStar World News for July 6Greece’s Hotels Thrive Despite Economic Headwinds,
UK Food Stores Fuel Retail Investment Surge, Germany Deal Volume Drops
Two-Thirds in First Half
Owners of Distressed Office Properties Struggle to Find BuyersThe market may not
rebound before $45 billion in loans on the commercial mortgage-backed securities
market mature in the next 18 months, real estate professionals say.
Leeds Hotel Owners To Spend on Existing Stock To Drive PerformanceAlmost 1,000
rooms will be upgraded in the next 12 months.
Could Your Next Office Building Be Designed by Artificial Intelligence? This
Firm Tries to Find Out.Hickok Cole architects test generative AI tools for urban
tower.
Brokerages SHW and Ashwell Rogers MergeLondon and South East adviser SHW is
expanding its London reach by tying up with Ashwell Rogers.
Greece's Hotel Industry Thrives Despite Economic Headwinds, Lack of
Russian TravelersThe cost-of-living crisis in Europe and the absence of visitors
from Russia and allied countries have put immense pressure on the Greek and
Cypriot hotel industries, but hoteliers say the industry’s health is robust and
new feeder markets have been established.
Ontario Sets 2.5% Increase for Rent-Controlled Apartments in 2024Canada's
largest province is capping rent hikes at well below its average inflation rate
of 5.9%.
Hoteliers Make the Case for Prioritizing Environmental, Social and
Governance InvestmentSpeakers at the Boutique Hotel Investment Conference
tackled the challenges and benefits of incorporating sustainability into hotel
investment.
UCLA Joins Universities Turning Underused Office Buildings Into Campus SpaceThe
purchase of the Trust building in downtown LA is the latest real estate deal
that swaps cubicles for classrooms.
Bankruptcy Judge OK's Cineworld's Exit Plan With Smaller
US FootprintConfirmation of Cineworld's plan marks a "significant milestone" for
global business, CEO says.
Fitness First Restructuring Plan ApprovedThe contentious proposals have been
opposed by aggrieved landlords.
Diary of a Crisis: How and Why RICS's Governance Row ExplodedA chronology of
this week's shock resignations and how property's professional body is
responding.
Crown Estate Reports 42% Hike in Real Estate Profits as King Redirects Part of
Share to 'Wider Public Good'The booming marine portfolio is driving the strong
results as commercial property values have fallen.
Global Report
CoStar World News for June 29Hotelier Doubles Down on Latin America Expansion,
Tram Extension Could Boost Edinburgh Development, Office Properties Face
Devaluation in France
Sections: UK News


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Search Market News >>
Featured

Retail
Swatch Group Completes £103.5 Million Acquisition of Gucci Bond Street Home
Another Retailer Splashes on Property on London's Most Exclusive Street
Retail
Exclusive
Exclusive
Industrial
Blackstone To Launch £300 Million UK Logistics CMBS
Deal Would Be First Since Market Froze in May 2022
Industrial
Exclusive
Exclusive
Top News
Selfridges Shops for Major Segro Northampton Hub
Talks Come as Logistics Market Sees Progress on Raft of Major Lettings
Top News
Market Moves
Market Moves

UK Commercial Real Estate REIT and Stock Tracker
Here’s a Live Overview of What’s Happening in the Market Today
International News

France
Office Production Picks Up in Greater Paris
After Two Years of Decline, the Stock of Office Space in the Greater Paris
region Is Back on the Rise
France
United States
Remote Work Estimated To Wipe Out $800 Billion in Office Value in These Nine
Global Cities
Change in Workplace Behavior Threatens ‘Severe’ Impact, McKinsey Says
United States
Germany
Clarion Europe Buys German Logistics Portfolio for £264 Million From Blackstone
Fund Manager Likes Country's 'Strong Underlying Property Fundamentals'
Germany
United Kingdom
Hotels Across the Globe Liven Up Summer Cocktails With Local Ingredients,
Refreshing Flavors
Fresh Mangoes, Herbs and Local Strawberries Among Key Ingredients
United Kingdom
Analysis
Analysis
United Kingdom
Warehouse Demand Sinks as Retailers and Logistics Firms Scale Back
Industrial Net Absorption Turned Negative in the Second Quarter of 2023
United Kingdom
Exclusive
Exclusive
France
NPS and Hammerson Reappoint Agents in Third Attempt to Sell Paris Mall
Bids Have Fallen Short of Expectations
France
France
Only €6.2 Billion Invested in French Commercial Property Since Start of Year
The French Market Has Taken a Further Nosedive over the Past Three Months.
France
Canada
Ivanhoé Cambridge Moves Into Self Storage Sector With Major Investment
Ivanhoé Cambridge and Iron Point Partners To Invest $400 Million With Self
Storage Veterans Taylor/Theus
Canada
Greece
Greece's Hotel Industry Thrives Despite Economic Headwinds, Lack of Russian
Travelers
Seasonal Hotels Especially Face Massive Labor Challenges
Greece
Chart of the Day
Chart of the Day
United States
Houston Makes Biggest Jump on List of Top 20 Cities Where People Are Moving
It Comes As Carolinas Border Market Leads PODS Ranking, Followed by Three
Florida Areas
United States
United Kingdom
Bahrain Sovereign Wealth Fund Eyes UK Student Accommodation with Investcorp
Country's Crown Prince and Prime Minister Announces Plans on UK Visit To
Strengthen Business Ties
United Kingdom
Germany
German Office Take-Up Falls 39% During First Half
Take-Up is Even Lower Than During Pandemic Years
Germany
United States
Twitter Strikes Back at Colorado Office Eviction Order With Lawsuit of Its Own
Social Media Giant Countersues Landlord John Buck Co. After Accusations of
Unpaid Rent
United States
Fitness First Restructuring Judgment Is Tough Reading for Landlords
By Paul Norman
Test case for restructuring plans backs gym chain due to likelihood
of administration.
Blackstone Quietly Lets Canary Wharf Headquarters Building to Full Occupancy
Euronext's move underlines occupier appetite on the estate for the
right building.
Euronext's move underlines occupier appetite on the estate for the
right building.

Video
Are the Lines Between Credit and Equity Being Blurred?
CoStar News's Paul Norman hosts a roundtable with Hilltop Credit Partners and a
group of lending experts.
CoStar News's Paul Norman hosts a roundtable with Hilltop Credit Partners and a
group of lending experts.

Hotel Loans Set To Mature in UK Estimated at More than £43 Billion
United Kingdom hotel loan agreements are undergoing summer stress testing as
debt maturities peak.
United Kingdom hotel loan agreements are undergoing summer stress testing as
debt maturities peak.

Cushman & Wakefield Recruits Head of UK Asset Services From CBRE
Andrea Penman is replacing Nick Ridley who is setting up his own firm.
Andrea Penman is replacing Nick Ridley who is setting up his own firm.

Nearly 20% of UK Office Stock Unlettable Because of Energy Requirements
A wide-ranging Carter Jonas report reviews how fit-for-purpose UK offices are.
A wide-ranging Carter Jonas report reviews how fit-for-purpose UK offices are.

Search Top News >>

Featured
 * Retail
   Swatch Group Completes £103.5 Million Acquisition of Gucci Bond Street Home
   Another Retailer Splashes on Property on London's Most Exclusive Street
   Retail
 * Exclusive
   Exclusive
   Industrial
   Blackstone To Launch £300 Million UK Logistics CMBS
   Deal Would Be First Since Market Froze in May 2022
   Industrial
 * Exclusive
   Exclusive
   Top News
   Selfridges Shops for Major Segro Northampton Hub
   Talks Come as Logistics Market Sees Progress on Raft of Major Lettings
   Top News
 * Market Moves
   Market Moves
   
   UK Commercial Real Estate REIT and Stock Tracker
   Here’s a Live Overview of What’s Happening in the Market Today


Retail
Swatch Group Completes £103.5 Million Acquisition of Gucci Bond Street Home
Another Retailer Splashes on Property on London's Most Exclusive Street
Retail
Exclusive
Exclusive
Industrial
Blackstone To Launch £300 Million UK Logistics CMBS
Deal Would Be First Since Market Froze in May 2022
Industrial
Exclusive
Exclusive
Top News
Selfridges Shops for Major Segro Northampton Hub
Talks Come as Logistics Market Sees Progress on Raft of Major Lettings
Top News
Market Moves
Market Moves

UK Commercial Real Estate REIT and Stock Tracker
Here’s a Live Overview of What’s Happening in the Market Today
International News
 * France
   Office Production Picks Up in Greater Paris
   After Two Years of Decline, the Stock of Office Space in the Greater Paris
   region Is Back on the Rise
   France
 * United States
   Remote Work Estimated To Wipe Out $800 Billion in Office Value in These Nine
   Global Cities
   Change in Workplace Behavior Threatens ‘Severe’ Impact, McKinsey Says
   United States
 * Germany
   Clarion Europe Buys German Logistics Portfolio for £264 Million From
   Blackstone
   Fund Manager Likes Country's 'Strong Underlying Property Fundamentals'
   Germany
 * United Kingdom
   Hotels Across the Globe Liven Up Summer Cocktails With Local Ingredients,
   Refreshing Flavors
   Fresh Mangoes, Herbs and Local Strawberries Among Key Ingredients
   United Kingdom
 * Analysis
   Analysis
   United Kingdom
   Warehouse Demand Sinks as Retailers and Logistics Firms Scale Back
   Industrial Net Absorption Turned Negative in the Second Quarter of 2023
   United Kingdom
 * Exclusive
   Exclusive
   France
   NPS and Hammerson Reappoint Agents in Third Attempt to Sell Paris Mall
   Bids Have Fallen Short of Expectations
   France
 * France
   Only €6.2 Billion Invested in French Commercial Property Since Start of Year
   The French Market Has Taken a Further Nosedive over the Past Three Months.
   France
 * Canada
   Ivanhoé Cambridge Moves Into Self Storage Sector With Major Investment
   Ivanhoé Cambridge and Iron Point Partners To Invest $400 Million With Self
   Storage Veterans Taylor/Theus
   Canada
 * Greece
   Greece's Hotel Industry Thrives Despite Economic Headwinds, Lack of Russian
   Travelers
   Seasonal Hotels Especially Face Massive Labor Challenges
   Greece
 * Chart of the Day
   Chart of the Day
   United States
   Houston Makes Biggest Jump on List of Top 20 Cities Where People Are Moving
   It Comes As Carolinas Border Market Leads PODS Ranking, Followed by Three
   Florida Areas
   United States
 * United Kingdom
   Bahrain Sovereign Wealth Fund Eyes UK Student Accommodation with Investcorp
   Country's Crown Prince and Prime Minister Announces Plans on UK Visit To
   Strengthen Business Ties
   United Kingdom
 * Germany
   German Office Take-Up Falls 39% During First Half
   Take-Up is Even Lower Than During Pandemic Years
   Germany
 * United States
   Twitter Strikes Back at Colorado Office Eviction Order With Lawsuit of Its
   Own
   Social Media Giant Countersues Landlord John Buck Co. After Accusations of
   Unpaid Rent
   United States


France
Office Production Picks Up in Greater Paris
After Two Years of Decline, the Stock of Office Space in the Greater Paris
region Is Back on the Rise
France
United States
Remote Work Estimated To Wipe Out $800 Billion in Office Value in These Nine
Global Cities
Change in Workplace Behavior Threatens ‘Severe’ Impact, McKinsey Says
United States
Germany
Clarion Europe Buys German Logistics Portfolio for £264 Million From Blackstone
Fund Manager Likes Country's 'Strong Underlying Property Fundamentals'
Germany
United Kingdom
Hotels Across the Globe Liven Up Summer Cocktails With Local Ingredients,
Refreshing Flavors
Fresh Mangoes, Herbs and Local Strawberries Among Key Ingredients
United Kingdom
Analysis
Analysis
United Kingdom
Warehouse Demand Sinks as Retailers and Logistics Firms Scale Back
Industrial Net Absorption Turned Negative in the Second Quarter of 2023
United Kingdom
Exclusive
Exclusive
France
NPS and Hammerson Reappoint Agents in Third Attempt to Sell Paris Mall
Bids Have Fallen Short of Expectations
France
France
Only €6.2 Billion Invested in French Commercial Property Since Start of Year
The French Market Has Taken a Further Nosedive over the Past Three Months.
France
Canada
Ivanhoé Cambridge Moves Into Self Storage Sector With Major Investment
Ivanhoé Cambridge and Iron Point Partners To Invest $400 Million With Self
Storage Veterans Taylor/Theus
Canada
Greece
Greece's Hotel Industry Thrives Despite Economic Headwinds, Lack of Russian
Travelers
Seasonal Hotels Especially Face Massive Labor Challenges
Greece
Chart of the Day
Chart of the Day
United States
Houston Makes Biggest Jump on List of Top 20 Cities Where People Are Moving
It Comes As Carolinas Border Market Leads PODS Ranking, Followed by Three
Florida Areas
United States
United Kingdom
Bahrain Sovereign Wealth Fund Eyes UK Student Accommodation with Investcorp
Country's Crown Prince and Prime Minister Announces Plans on UK Visit To
Strengthen Business Ties
United Kingdom
Germany
German Office Take-Up Falls 39% During First Half
Take-Up is Even Lower Than During Pandemic Years
Germany
United States
Twitter Strikes Back at Colorado Office Eviction Order With Lawsuit of Its Own
Social Media Giant Countersues Landlord John Buck Co. After Accusations of
Unpaid Rent
United States
Categories


OFFICE

Blackstone Quietly Lets Canary Wharf Headquarters Building to Full Occupancy
Nearly 20% of UK Office Stock Unlettable Because of Energy Requirements
NatWest and Knights Sign for Brighton's Edward Street Quarter


RETAIL

Swatch Group Completes £103.5 Million Acquisition of Gucci Bond Street Home
Cineworld's Lenders Seek To Chart New Course in Naming New CEO
Ellandi Bolsters Regeneration Team


BUILD TO RENT

German Developer ECE To Start on First Residential Development in Italy
Investments in Dutch Residential Properties Fall 61% to €1.51 Billion During
First Half
Frank Gehry's Planned Residential Towers, the Architect's Tallest, Mark His
Return to Toronto


INDUSTRIAL

Industrial Developer Chancerygate Announces Raft of Senior Promotions
Industrials REIT Chief Arenson Steps Back With MD Carey Taking Up Role
Major 'Oven-Ready' Greater Manchester Industrial Site Comes to Market


PEOPLE

Boreal Hires UK and Dutch Asset Managers
Canary Wharf Recruits From Grosvenor for Wood Wharf Director
British Council for Offices Appoints President


FINANCE

Are the Lines Between Credit and Equity Being Blurred?
Debt Funds Step In as Banks Pause CRE Lending – Finloop
Commercial Landlords Could Be Missing Bounty From Electric Vehicle Charging


ANALYTICS

New McArthurGlen Outlet Boosts Retail Leasing in Cannock
UK Economy Shrinks in May Amid Broader Picture of Stagnation
Corner Turned or a Great Chimera? Average Yields Fell in All Sectors in
Second Quarter


DEVELOPMENT

Spurs Looks to Score Second Time Around With Council Over Giant
Homes Development
Strategic Framework for Chester Regeneration Backed by Council
Long-Vacant UK Industrial Property, New US Airport Terminal Among Architectural
Awards Finalists


LEISURE

Hotel Loans Set To Mature in UK Estimated at More than £43 Billion
Commerz Real Sells Marriott Hotel at Paris Airport to AEW
CoStar World News for July 13


HEALTHCARE

Toronto's Northwest Healthcare Properties Sells Hospital To Help Raise REIT
Unit Price
Mipim 2023: Icade Sells Its Healthcare Property to Primonial REIM in €2.6
Billion Deal
Life Sciences Real Estate Investment in Golden Triangle Exceeds £2.45 Billion
in 2022


SPECIALITY

Tristan Sells Munich Office Property to Frankfurt-Based Cairos
Science Investor ESPG Fails To Win Sufficient Support for Bond Swap
Slice of ‘Stonehenge of the North’ Put on the Block


LEGAL/LEGISLATION

Frankfurt Public Prosecutor and Federal Police Raid 21 Adler Properties
Florida Law Prohibiting Property Ownership for Some Foreign Nationals Set To
Take Effect This Week
Landsec Boss Warns Manchester HS2 Station Plans Block Development


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