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UK

Hilton acquires majority stake in Sydell Group

Hilton has acquired a majority controlling interest in Sydell Group to expand the NoMad Hotels brand from its existing London flagship location to high-end markets around the world. Following the acquisition, NoMad will become Hilton's first luxury lifestyle brand and the group is in advanced discussions to open 10 new NoMad ...
Wednesday, 17. April 2024

Red Construction and Zeal celebrate topping out in Exeter

Red Construction Group is celebrating a major milestone in the creation of the £22m voco Zeal Exeter Science Park, one of the UK's first full life cycle net zero carbon hotels. Being delivered by Red Construction's South West team, it is being constructed with half the embodied carbon of a standard hotel, while generating 100...
Wednesday, 17. April 2024

Orion Capital Managers hires new Investor Relations Director

Orion Capital Managers has announced the hire of Andrea Goss as Director of its Investor Relations team. Goss will cover servicing the firm's existing client base, assist in the fundraising for Orion's sixth pan-European fund, as well as executing co-investment and other initiatives.
Wednesday, 17. April 2024

Margaret Dabbs selects King's Road for new clinic

Margaret Dabbs London has selected King's Road to open its newest clinic in London, marking its seventh in the capital and 14th internationally. It is set to open a 824 sq ft unit at 325 King's Road, a prominent corner unit in the heart of Chelsea.
Tuesday, 16. April 2024

Henry Boot offloads Cambridgeshire land to Barratt

Hallam Land Management (HLM’) has unconditionally exchanged contracts for the sale of 494 residential plots in Chatteris, North Cambridgeshire, to the David Wilson Homes division of Barratt Developments. The sale will complete in July 2024, with the transaction resulting in an ungeared internal rate of return of 15% p.a.
Tuesday, 16. April 2024

London hits top spot as most expensive city for construction worldwide

London has narrowly overtaken Geneva to top the rankings once again as the most expensive city in the world in which to build, according to the latest Arcadis 2024 International Construction Costs (ICC) report, released by the global design and engineering consultancy today.
Tuesday, 16. April 2024

Thomas House opens with Lucera as first tenant

As the demand for bespoke business workspace solutions across Belfast city continues to grow, serviced office provider, venYou has officially opened its newest location, Thomas House, following an extensive and complete refurbishment.
Tuesday, 16. April 2024

CLS sells Westminster Tower to London Square Group

CLS has sold a London office to residential development opportunity: The company has conditionally exchanged the sale of Westminster Tower, Albert Embankment, to London Square Group. The purchase price of £40.8m is in line with the valuation as at 31 December 2023.
Monday, 15. April 2024

Hines forward funds 500+ net zero homes in Newcastle

Hines has agreed to forward fund the development of a 519-unit residential scheme in Newcastle on behalf of its Hines European Property Partners (HEPP) fund in partnership with developer Olympian Homes.
Monday, 15. April 2024

Karis Capital bolsters residential mortgage offering

Karis Capital has completed the acquisition of an established regulated financial services business, which will strengthen its existing regulated mortgage offering. The purchase, which was completed in March 2024 for an undisclosed sum, will provide the company with enhanced FCA permissions, offering extra protection and secu...
Friday, 12. April 2024

Aedifica completes 10 projects

During the first quarter of 2024, ten projects from Aedifica’s investment programme were completed in Germany, the United Kingdom and Finland for a total amount of approx. €74 million.
Friday, 12. April 2024