NEWCPM

Lecram withdraws Purplebricks takeover bid

Investment group Lecram Holdings has withdrawn its offer to buy Purplebricks, saying it had decided not to proceed because the financial condition of the estate agent is “significantly worse than expected”.

BNP Paribas Real Estate launches sustainability framework to monitor ESG targets

BNP Paribas Real Estate has launched a sustainability framework to supporting clients in achieving and monitoring environment, social and governance (ESG) targets.

Lincolnshire Co-op and Wykeland Group snap up Waterside Shopping Centre in Lincoln

Lincolnshire Co-op and developer Wykeland Group have acquired the 130,000 sq ft Waterside Shopping Centre in Lincoln from Tesco Pension Fund for an undisclosed price.

Labour’s CPO plan panned

Proposals to scrap ‘hope value’ within the compulsory purchase order (CPO) process is likely to lead to protracted legal challenges and increase the risk of regeneration schemes being delayed or not progressing, according to industry observers.

House prices, mortgage approvals and property transactions fall

The housing market has suffered a triple whammy of negative news with house prices, mortgage approvals and transaction volumes all down in the most recent reports on the sector.

Woking council forced into special measures

Two major regeneration schemes help borough council amass £1.9m debt pile.

LSL completes franchising move

LSL Property Services has completed the final stage of franchising its 183-strong estate agency branch network.

Scrapping hope value could put regeneration schemes ‘at risk’

Proposals to scrap hope value within the compulsory purchase orders CPO process is likely to lead to protracted legal challenges and increase the risk of regeneration schemes being delayed or not progressing, according to industry observers.

B&B HOTELS appoints chief executive

Expanding European budget hotel operator B&B HOTELS has announced the appointment of Patrick O’Connell as chief executive of UK operations.

Ninja Warrior UK Adventure Park signs lease for 25,000 sq ft Chelmsford unit

Ninja Warrior UK Adventure Park has signed a 15-year lease for a 25,000 sq ft unit at The Meadows Retail Park in Chelmsford.

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