Lewis Berrill

UK hotel transaction volumes reached £3.9bn in the first half of 2024, the highest level since the first half of 2015, fuelled by major private equity portfolio deals, according to data from Cushman & Wakefield.

UK multi-let industrial property firm Sandyford Properties has acquired two assets in sale-and-leaseback deals for £4.7m, reflecting a combined net initial yield of 7.2%.

Fattal Hotel Group, owner of Leonardo Hotels UK & Ireland, has secured a £525m senior loan from investment manager Cheyne Capital, to support the refinancing of four London hotels.

Take-up of warehouses of 100,000 sq ft or more has returned to levels in line with the long-term pre-Covid half-year average of 14m sq ft, according to Colliers’ Industrial & Logistics Market Pulse Mid-Year report.

Developer Harworth Group has secured outline planning consent for the development of 1.5m sq ft of grade-A industrial and logistics space at its Cinderhill development in Derbyshire.

Saudi Arabia’s Public Investment Fund (PIF) is reportedly exploring a deal to buy co-owner Signa Prime’s stake in Selfridges.

Steven Mew has joined flexible workspace operator Runway East’s board as a non-executive director.

Carpet retailer Tapi is to acquire 54 Carpetright stores and two warehouses, but Carpetright's remaining 218 stores and Purfleet head office are to close following its collapse into administration.

The government has granted Sommerset Council £4.8m to buy a derelict shopping centre in Yeovil that will be demolished to make way for new shops and homes.

Unibail-Rodamco-Westfield, owner of the Westfield Shopping Centre franchise, is in discussions to sell €1bn (£0.8bn) in unspecified assets, the group has revealed in its half year results.