Pre-tax profit for the 14 months to the end of October fell to £43.4m, from the £58.1m reported for the 12 months to the end of August 2018. The group blamed the profit fall on a challenging market backdrop and strategic structural changes. It incurred £17m of exceptional costs that included costs related to the […] More
The scheme, which is built by charity Abbeyfield, Braintree, Bocking & Felsted Society, will see the development of 99 retirement living flats, comprising 37 affordable-rented units and 62 units for sale with options for shared ownership. The development will also feature a central community hub and a number of communal facilities including a bistro/dining area, […] More
The 294-unit building will be developed and operated by Packaged Living and is due for delivery in the second quarter of 2022. Aubrey Place will also include 2,500 sq ft of indoor amenity and 17,234 sq ft of amenity space outdoors. “Adding Aubrey Place to our growing UK residential portfolio is ideal, thanks to Milton […] More
The loan, provided by Starz Real Estate, is against luxury accommodation schemes The Neighbourhood Exeter and The Neighbourhood Cardiff, which provide 369 beds with access to onsite facilities including a gym, a cinema and study rooms. The buildings are operated by Collegiate AC, a student accommodation provider that manages assets in 30 cities across Europe. […] More
Dubbed the Old BRI scheme, the development will feature 416 student beds and 62 rented residential homes. Some 20% will be affordable homes. The old hospital will be incorporated into the larger development. The project is expected to be delivered for the start of the 2021-22 academic year and the University of Bristol and Unite […] More
Construction companies completed 21,500 homes in the Republic of Ireland last year. This was a 10-year high but below the level needed to meet future demand for housing, according to a report from stockbrokers Goodbody. The report found that the 21,500 built was almost five times more than the 4,575 built at the recession’s lowest […] More
Residential property prices increased by 1.4% nationally in the year to November, according to the latest figures from the Central Statistics Office. This compares with an increase of 1.0% in the year to October and an increase of 7.2% in the twelve months to November 2018. In Dublin, residential property prices decreased by 0.7% in […] More
The Residential Tenancies Board (RTB) has published their quarterly Rent Index, for the July-September period (Q3) of 2019. The standardised national average rent was €1,243 per month, up by about €94 from Q3 2018, and quarter-on-quarter rents grew nationally by 3.3% in Q3 2019. The RTB Rent Index, which is compiled in conjunction with the Economic and Social […] More
