Investment
Proptech investment jumps to the highest level in a decade
VC backing of real estate technology businesses has reached its highest level in ten years, led by the property management and construction sectors.
London proptech firm Plentific raises $100m for global expansion
"We will now be rapidly expanding both our global footprint and the solutions we offer to become the de facto digital partner for landlords and service providers across the world,” says Cem Savas, CEO…
Lloyds Bank’s Citra aims to be Britain’s biggest private landlord by 2025
Citra Living plans to build a massive portfolio of 50,000 private rental properties over the next ten years, according to reports.
Private equity investor takes majority stake in luxury property brokerage Engel & Völkers
Permira has agreed to buy the majority of Engel & Völkers, which is gearing up to re-enter the UK market.
Grosvenor embarks on £300 million regional investment drive
The Duke of Westminster's property firm has set up a new investment team to target residential, office and retail opportunities outside of London, led by Rachel Dickie.
Twice as many landlords plan to sell a property in the next five years as sold an asset in the last five years
"More landlords have decided to leave having grown tired of dealing with tenants than they have because of various government tax changes," says investment firm Sequre.
Build to Rent ‘is gaining momentum’ with £1.5bn transacted in 2021 so far
“Positive activity has continued into the BtR sector," says CBRE. "letting activity has picked up and sentiment is strong."
LendInvest to float
Christian Faes' property finance platform had planned an IPO for 2019, but postponed the move. It now hopes to raise £40m by listing on the London's AIM stock exchange.
Investors pick up Mayfair hotel & apartment block
Bain and Orka have acquired the 72-room Park Lane Mews Hotel and 17 adjacent residential units on Stanhope Row, just behind the Park Lane Hilton.
‘Incredibly rare’ trophy asset comes to market in Kensington for £50 million
“It is incredibly rare for an unbroken freehold block of this scale and stature to become available in such a prime location," says Knight Frank of Allen House, which offers the prospect of a significant…
Zoopla-founder Chesterman backs decorating start-up
Online retailer Lick has caused a stir in the DIY interiors space since it launched last year.
TfL looks to housing to fill funding gap
Transport for London is setting up a "dedicated commercial property company" to come up with a plan for housing developments at its sites, as the organisation looks to generate up to £1 billion in additional…