Spelthorne approves PDR plans for conversion of own offices

Property Week News Feed - 7 hours 36 min ago
Spelthorne Borough Council has approved its own plans for a conversion of part of its office HQ into housing through permitted development rights, Property Week can reveal.
Categories: Property

Manchester landlord withdraws from WeWork deal

Property Week News Feed - 7 hours 36 min ago
An office landlord in Manchester has withdrawn from a deal to let space to WeWork, citing the effect the US flexible office provider’s covenant could have on the potential investment value of the building.
Categories: Property

Evans Randall drops £200m Clerkenwell office buy

Property Week News Feed - 7 hours 36 min ago
Brexit a factor behind £200m deal for Clerkenwell Collection falling out of bed.
Categories: Property

Huawei spies site for Cambridge R&D base

Property Week News Feed - 7 hours 36 min ago
Chinese firm at centre of espionage controversy buys land for R&D campus.
Categories: Property

Retail investor sell-off leaves property funds unscathed

Property Week News Feed - 7 hours 36 min ago
Capital flows into property funds remain steady as billions of pounds are pulled from bond and equity funds.
Categories: Property

Brotherton recruits pbb’s Vaughan to launch debt distribution business

Property Week News Feed - 7 hours 36 min ago
Brotherton Real Estate has hired pbb Deutsche Pfandbriefbank’s head of UK syndications Tim Vaughan to launch Brotherton Debt Distribution.
Categories: Property

Aviva announces trio of senior appointments for its direct real estate team

Property Week News Feed - 7 hours 36 min ago
Aviva Investors has made three senior appointments to its direct real estate team as part of an expansion of its £41bn real assets platform.
Categories: Property

Report: Lotus Cars Will Be Built in China

Motortrend News Feed - Thu, 01/17/2019 - 22:50

Back in 2017, Geely bought a majority stake in Lotus to reinvigorate the struggling brand. Now the Chinese conglomerate will build Lotus cars in a new plant in its home country.

Reuters first reported the news, citing company job advertisements and government documents. The plant in Wuhan city in the Hubei province will produce up to 150,000 vehicles a year, according to a document posted on the website of the province’s planning authority. Plans for the new factory were apparently approved last month.

It’s unknown how much space the Geely plant will devote to Lotus. But the Wuhan Development Zone confirmed in a statement that production at the plant would include “Geely’s Lotus project.”

The plant has been approved to build various types of vehicles, from traditional combustion cars to hybrids and all-electric vehicles. Geely’s website shows job advertisements for the Lotus project at the plant. A production start date is not clear at this point.

With the new arrangement, Lotus can benefit from Geely’s large scale and enjoy greater production volumes. Geely has its hands deep in the auto industry, having purchased Volvo for $1.8 billion, and also maintaining a stake in Daimler, the owner of Mercedes-Benz.

Lotus wants to expand its lineup with an SUV, which could be built in China. Unnamed sources told Reuters that Lotus would likely build SUVs instead of sports cars initially at the Wuhan plant. In a joint statement, Lotus and Geely expressed the desire to expand Lotus’ manufacturing reach around the globe, while noting that Norfolk, England, was still the brand’s manufacturing home.

In early 2018, Automotive News reported on Lotus’ ambitious expansion plans under then-CEO Jean-Marc Gales. The brand would add two new sports cars and an SUV to its lineup all within the course of four years. One of the sports cars will sit on an updated version of the Evora’s bonded-aluminum platform, while the other will have a carbon-fiber tub.

Source: Reuters

The post Report: Lotus Cars Will Be Built in China appeared first on Motortrend.

Categories: Property

Hyundai Ioniq Hybrid and Plug-in Updated for Europe

Motortrend News Feed - Thu, 01/17/2019 - 20:45

The Hyundai Ioniq arrived three years ago as the Korean automaker’s answer to the Toyota Prius line. Now, Hyundai is updating the Ioniq, giving it a slightly flashier but still modest look. Hyundai announced the update specifically for Europe, although many of these changes will likely also come to the U.S.

In these pictures, the Ioniq features a new grille with a mesh pattern instead of vertical slats. The headlights and side vents on the front fascia have also changed. Out back, Hyundai switched up the taillight signature.

Inside the cabin, you’ll notice a new infotainment setup. The 10.25-inch screen, available as an option in Europe, gets over-the-air update capability. The current Ioniq sold here in the U.S. comes with a choice of a 7.0-inch or 8.0-inch screen.

The European model features a “Green-zone Drive Mode,” which automatically tells the powertrain to use more energy from the electric motor in certain areas to preserve the environment. Standard safety features include front collision warning and avoidance and lane keep assist. Adjustable regenerative braking is also standard.

All these changes apply to the new hybrid and plug-in hybrid Ioniqs, which arrive in Europe during the second half of this year. Hyundai will announce details on the updated Ioniq Electric at a later date.

We’ve reached out to Hyundai for more information on the Ioniq for the U.S., and will update this post as soon as we hear back.

Source: Hyundai

The post Hyundai Ioniq Hybrid and Plug-in Updated for Europe appeared first on Motortrend.

Categories: Property

Spied! 2020 Land Rover Defender Plays in the Snow

Motortrend News Feed - Thu, 01/17/2019 - 18:30

Land Rover isn’t keeping its Defender prototypes a secret. Last month, the automaker released pictures of a camouflaged Defender getting muddy and posing with the Statue of Liberty. Now, we’ve caught the SUV playing in the snow looking a little different than before.

This new prototype receives a different wrap that highlights its boxy shape. The windows aren’t quite as covered up as on the first prototype, and it also features a new set of wheels. Land Rover made a bigger attempt to cover up the corners of the front end, however. If you take a peek at the rear, you’ll notice this prototype isn’t wearing a spare tire like the previous prototype.

The Defender will make its official debut sometime this year before going on sale in the U.S. in 2020. Expect it to retain the same toughness of the original model, but with a more modern interior amenities and improved safety. In recent years, Land Rover has hinted the updated model is intended to appeal to a new generation of buyers as well as current Defender owners. It will sit on the same aluminum-intensive architecture as the Land Rover Discovery.

Check out the full gallery of 2020 Land Rover Discovery photos below.

Photo source: CarPix

The post Spied! 2020 Land Rover Defender Plays in the Snow appeared first on Motortrend.

Categories: Property

Charging ahead: Ford F-150 electric pickup truck on its way

The Car Connection News Feed - Thu, 01/17/2019 - 18:30
Ford on Wednesday confirmed that it has plans to eventually introduce a fully electric F-150 pickup truck, which could rival entries in the budding EV truck space such as Rivian and Tesla. Jim Farley, Ford president of global markets, told attendees of the Deutsche Bank Global Automotive Conference in Detroit that Ford will "electrify" the F-150...
Categories: Property

Syngenta secures sale-and-leaseback deal for Basel HQ

Property Week News Feed - Thu, 01/17/2019 - 16:15
Swiss biotechnology giant Syngenta has completed a sale and partial leaseback of its 584,480 sq ft global headquarters campus in Basel.
Categories: Property

2020 BMW 7-Series revealed: Giant grille for luxury sedan

The Car Connection News Feed - Thu, 01/17/2019 - 15:35
The 2020 BMW 7-Series revealed Tuesday has a brawnier look than ever before. That's largely in part due to its massive front grille, which retains the automaker's familiar "dual kidney" shape. The grille takes inspiration from the BMW X7 crossover SUV with its massive kidney grille. It doesn't just look big, it is: The grille takes up 40 percent...
Categories: Property

Payment relief for government workers, No Hennessey Ford GT V-8, Electric Ford F-150: What's New @ The Car Connection

The Car Connection News Feed - Thu, 01/17/2019 - 15:30
Automakers roll out payment relief options for federal workers A handful of automakers' finance arms allow those affected by the U.S. government shutdown to defer payments they're making on their cars. Cheap thrills: 2019 Mercedes-Benz A-Class to cost $33,495 On Tuesday, Mercedes-Benz said that its new 2020 A-Class sedan will cost $33,495. U.S...
Categories: Property

Cairn Homes reports 125% revenue rise in 'strong' Irish market

Property Week News Feed - Thu, 01/17/2019 - 13:03
Irish housebuilder Cairn Homes has reported a 125% rise in revenue year-on-year to €337m (£297.8m) as gross margins and operating profits also increased.
Categories: Property

West Coast Capital and CALA sign JV for thousands of homes in Scotland

Property Week News Feed - Thu, 01/17/2019 - 13:01
West Coast Capital has agreed a joint venture with CALA Homes to bring forward 3450 new homes at Winchburgh in West Lothian just outside Edinburgh.
Categories: Property

2019 Fiat 500

The Car Connection News Feed - Thu, 01/17/2019 - 13:00
Subcompact cars often sacrifice personality in the name of affordability, but the 2019 Fiat 500 throws that notion out the window. The modern version of the original Cinquecento is one of the most whimsical cars you can buy, but it isn’t without some notable drawbacks. We’ve given it 4.6 out of 10 overall, proving sometimes charm alone...
Categories: Property

Plans submitted for £3bn Silvertown development

Property Week News Feed - Thu, 01/17/2019 - 12:57
Keystone London and GLA Land & Property have submitted plans to the London Borough of Newham for their £3bn residential-led, mixed-use redevelopment of a 40- acre site in Silvertown.
Categories: Property

Almacantar chief joins Martin’s Properties

Property Week News Feed - Thu, 01/17/2019 - 12:56
Mike Hussey has taken a seat on the board of Martin’s Properties, the investor and developer that owns one of the largest property portfolios in Chelsea.
Categories: Property

Travis Perkins sells Farnborough scheme to Hurst Warne

Property Week News Feed - Thu, 01/17/2019 - 12:54
Travis Perkins Properties has sold the long leasehold interest in a Hampshire site occupied by Dunelm and its own Wickes brand to clients of Hurst Warne for £11m.
Categories: Property