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Property News

Songbird bidders break through 90% support barrier
The successful bidders for Songbird, the majority owner of Canary Wharf Group, have been awarded 14 extra days to complete their £2.6bn takeover, as predicted by Property Week.
L&G makes first major move into PRS
Legal & General (L&G) is making its first major foray into the private rented sector (PRS).
German fund swoops on £210m Howick Place
A Berlin-based pension fund for German doctors and chemists is buying a major office and residential development in London’s Victoria for close to £210m.
Crown Estate head of development steps down
Alastair Smart has resigned as head of development at the Crown Estate after almost six years at the company.
Criterion to sell Docklands estate
Criterion Capital is poised to put a £200m ‘for sale’ sign over its Docklands office estate, just months after signalling its intention to convert the site into a 1,500-unit residential scheme.
Pioneering Birmingham PRS initiative reveals first scheme
Birmingham council has unveiled plans for its first purpose-built private rented sector (PRS) residential scheme, which it is developing through a new wholly-owned company.
Loan sales could hit €100bn in 2015
PwC has predicted there will be even more loan portfolio sales in Europe in 2015 than there were last year.
Hotel investment jumps 90% in 2014
Hotel investment transactions in the UK rocketed by 90% in 2014 reaching an eight year high of £4.3bn, according to Knight Frank’s Property Data report.

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