After a period of net selling Toby Cortauld, chief executive and Nick Sanderson, finance director, tell EG they expect Great Portland to be in a better position to be able to take advantage of a softer market for redevelopment and asset opportunities in London.
In the latest episode of EG’s Tech Talk, deputy editor Samantha McClary talks to the founders of TAP about how the future of running a building efficiently lies in the palm of your hand. Plus tech news and a teaser about an exciting new competition.
West End landlord Shaftesbury’s pretax profit jumped by 28% in the six months to 31 March despite concerns over the retail sector.
The landlord reported profit of £102m for the six months to the end of March and a 3.4% rise in net asset value to £2.5bn.
Chief executive Brian Bickell said: “Across our portfolio, the data we collect is showing a clear trend of year-on-year turnover growth for our restaurant, leisure and retail tenants, reflecting the buoyancy of the West End’s economy. Occupier demand for these uses, and our office and residential space, is good and vacancy levels remain low.
RICS' associate director of commercial property Nigel Sellars explains the implications of new rules formally banning dual agency for UK investment deals.
Chief executive of Segro, David Sleath had a baptism of fire when he joined the property industry after 17 years as an accountant.
Initially working under the wing of the late Ian Coull as finance director, the company sold its US business at the top of the market before Segro came crashing down to earth as it had to launch a rescue rights issue following the global financial crisis.
Now the company has been turned around to be a pure play logistics company and it is at the forefront of the property industry and online retailing.
In an interview with EG’s head of news and finance, David Hatcher at Hogan Lovells’ headquarters at a Profile networking event Sleath looked back on the highs and lows of his career and talked about how he envisages the next stage of the company’s evolution.
How is the West Yorkshire Combined Authority helping to lure property investors to the region? West Yorkshire Combined Authority managing director Ben Still spoke to EG at the UK development summit in Manchester
Belfast city council director of city centre development Nuala Gallagher talks to EG about the post-Brexit opportunities for the city and its evolution as a cybersecurity hub.
Akhil Patel, Urban Exposure’s head of research, explains how the 18 year cycle model predicts when the next recession will be.
British Land has revealed a 1.4% drop in its portfolio value over the course of the year and its chief executive has warned of continued uncertainty ahead.
Chris Grigg said in his outlook statement that he expected “more inflation and increasing pressure on disposable incomes” to be a factor but that he expected the company “to benefit from the resilience of our business, the quality of our portfolio and the strength of our finances”.