Madeleine Knight

The UK’s social impact investment market grew to £10bn at the end of 2023, according to the annual assessment by social impact investor Better Society Capital (BSC).

Workspace has reported a 0.7% dip in like-for-like occupancy to 87.5% in its second quarter, driven by "an unusually high number" of occupiers vacating.

Property consultancy Bidwells has bolstered its investment and property management team with the appointment of Jo Hawkings as a new group partner, based in the Cambridge head office.

Homes England has invested £50m in Schroders Capital’s Real Estate Impact Fund (SCRIEF) and £29.75m in the Sunderland Riverside development.

Virgin Media O2 has arranged a 10-year lease at Island, a £66m-GDV net zero carbon office development in Manchester, which will become its new North West headquarters.

Town Centre Securities, the property investment, development, hotel and car parking company, has reported a 4.7% drop in its portfolio valuation, according to its financial results for the year ended June 2024.

Legal & General (L&G) has reshuffled its group management committee with the appointments of Laura Mason as chief executive of its retail division and Katie Worgan as group chief operating officer.

Investors are less likely to pour money into projects during times of uncertainty, and for this reason the property market has seen a reduction in activity in recent years. This has, unsurprisingly, affected the pipeline of new projects for contractors.

New lending for commercial real estate (CRE) fell 9.8% year-on-year in the 12 months to the end of June, reaching £16.7bn, according to Bayes Business School’s latest bi-annual report.

Global real estate investment company Kennedy Wilson has appointed Jake Harris as managing director to oversee its UK industrial and logistics investment.