Adam Neumann wants to buy Wework out of bankruptcy February 6, 2024 Adam Neumann is trying to buy Wework out of bankruptcy, the company he founded and was later ousted from, according to reports.
12-storey Canary Wharf tower 5 Churchill Place sold at loss of 60 per cent February 6, 2024 A 12-storey tower in Canary Wharf has reportedly been sold for 60 per cent less than its 2017 purchase price.
Springfield: London-listed property developer inks £15m affordable housing deal February 6, 2024 Scottish housebuilder Springfield has won a £15.3m contract to build affordable housing in the region. In an update this morning, the London-listed firm said it would be working with Highland Housing Alliance to complete the homes. Innes Smith, chief of Springfield Properties, said:“Within the last eight months, we have signed contracts worth circa £40m with [...]
Home REIT tenant facing regulatory probe over ‘unauthorised’ payouts for bosses February 5, 2024 The charity regulator has launched a probe into one of Home REIT’s top tenants amid concerns over “potential unauthorised” payments pocketed by the charity’s trustees.
Home REIT to publish long-delayed accounts despite struggling to access houses February 5, 2024 Home REIT is set to publish its long-delayed accounts in the second quarter of the year despite still struggling to access scores of properties in its portfolio, the firm announced today.
Fora chief: Wework trouble ‘doesn’t reflect the strength’ of London’s flexible market February 5, 2024 Enrico Sanna, the chief executive of Fora, said the troubled situation Wework is facing “doesn't reflect the strength of the market”.
Barratt: FTSE 100 developer will bank on mortgage cuts for sales lift February 3, 2024 Barratt Developments will update investors on its half year trading performance this Wednesday, with hopes that cooling mortgage rates will boost its balance sheet.
Property giant Bruntwood makes worst loss in its near 50-year history February 2, 2024 Property giant Bruntwood has slumped to its worst losses in its near 50-year history, it has been revealed.
Rightmove swoops for reviews platform HomeViews in £8m deal February 1, 2024 Rightmove has acquired a platform that displays reviews of property developments by residents for £8m.
House prices: Recovery speeds up as more than half of Brits now tap up parents to get on the ladder January 31, 2024 House prices rose 0.7 per cent in January as cooling mortgage rates are continuing to help repair the market, a new report from Nationwide said.