Time Out to launch London market at LCR's Waterloo development

Property Week News Feed - Thu, 12/13/2018 - 10:15
LCR has secured a 32,500 sq ft pre-let for a new Time Out Market to anchor its £200m London Waterloo development.
Categories: Property

Big Yellow makes £28m New Malden buy

Property Week News Feed - Thu, 12/13/2018 - 10:04
Big Yellow has exchanged contracts to acquire the Wyvern Industrial Estate in New Malden, London for £28m.
Categories: Property

Purplebricks posts strong UK performance but losses double

Property Week News Feed - Thu, 12/13/2018 - 09:40
Online estate agent Purplebricks Group has more than doubled its losses to £25.6m in the six months to October, despite growing its profits significantly in the UK.
Categories: Property

Oaknorth and ASK provide £50m loan for London development site

Property Week News Feed - Thu, 12/13/2018 - 09:33
Oaknorth and ASK Partners have provided a combined facility of over £50m to fund Groveworld’s acquisition of a major mixed-use development site in King’s Cross.
Categories: Property

Oaknorth and ASK provide £50m for London development site

Property Week News Feed - Thu, 12/13/2018 - 09:33
Oaknorth and ASK Partners have provided a combined facility of over £50m to fund Groveworld’s acquisition of a major mixed use development site in King’s Cross.
Categories: Property

2019 Toyota C-HR XLE First Test: Style Priorities

Motortrend News Feed - Thu, 12/13/2018 - 09:00

Although Toyota originally intended to sell the C-HR as a Scion, the youth-oriented brand folded before the crossover’s North American debut. The polarizing C-HR lives on as a Toyota, however, and for 2019 gains new trim levels from the base LE to the range-topping Limited variants. With a wider variety of models and new multimedia tech, let’s take another look at this cute-ute to see if it can lure new buyers into the Toyota brand.

Pictured is the 2018 Toyota C-HR.

Exterior styling remains the C-HR’s distinguishing feature. Barely changed from concept form, the spaceship-like crossover is an attention magnet. Inside, the angular design theme continues with triangular patterns on the dash, door panels, and center console. There are soft surfaces near touchpoints while cheaper, harder bits are used in the rear door panels and the lower part of the center console. The 2019 C-HR’s cargo area’s usability is hampered by its sloping rear window, but it does offer 19 cubic feet of space. Folding the rear seats increases capacity, but every competitor except the Fiat 500X has more room for your gear. Regardless of where you sit, the 2019 C-HR’s cabin is claustrophobic and visibility is severely compromised. The small rear windows make the rear seats feel even more cramped, and the dash gives the interior an uncomfortably confining ambience.

For 2019, Toyota replaced the antiquated aftermarket-looking interface from the 2018 model with its Entune 3.0 unit. This system is an improvement over its predecessor, but response times are slow whether you’re using the physical buttons or the 8.0-inch touchscreen. There’s also only one USB port, an epic fail in any smartphone-wielding millennial’s book. Apple CarPlay is standard on all models, but Android users must use Toyota’s Entune apps, none of which are on par with Google Maps and other smartphone apps.

All 2019 C-HRs come standard with Toyota Safety Sense P suite, bundling together adaptive cruise control, automatic emergency braking, forward collision warning, pedestrian detection, automatic high-beams and lane departure warning with steering assist. Blind-spot monitoring and rear cross-traffic alert are available on the XLE and Limited grades. Toyota’s adaptive cruise control system maintains speed with little deviation even when going downhill, but the gap it leaves between you and the vehicle in front is too big even in its closest setting. The lane departure warning system also needs improvement because, in our experience, the crossover had already crossed into the other lane before the system nudged us back.

At the track, the 2019 C-HR proved it’s more show than go, hitting 60 mph in 10.1 seconds and the quarter mile in 17.6 seconds at 80.6 mph. Road test editor Chris Walton noted that revs rise slowly to redline before the CVT “upshifts,” leading to lazy acceleration from a standstill. Between the underpowered 2.0-liter engine, leisurely throttle response, and its as-tested 3,263-pound curb weight, the C-HR is agonizingly slow; going up inclines or passing and merging onto highways require planning. The CVT also gets thrashy when accelerating hard. Braking performance is respectable, stopping from 60 mph in 122 feet with minimal fade, but Walton also observed excessive pedal vibration and front-end dive that’s severe enough to cause the rear end to lift up during emergency stops.

Despite its slow acceleration, the 2019 C-HR falls mid-pack in fuel economy. The Toyota’s EPA-rated 27/31 mpg city/highway falls behind many front-drive competitors except for the Ford EcoSport, Jeep Renegade, and Fiat 500X. The Subaru Crosstrek and an all-wheel-drive-equipped Mazda CX-3 are also more efficient, as is the larger Honda CR-V in 1.5 FWD form.

The Toyota C-HR features four-wheel independent suspension for improved ride and handling. On the figure-eight course, the C-HR turned in a time of 28.1 seconds with a 0.58 g average and generated 0.83 g of lateral acceleration on the skidpad. Cornering is secure and the suspension does a great job of absorbing big impacts; however, ruts and expansion joints upset the C-HR more than expected, and the steering feels artificial and disconnected. The Hyundai Kona and Mazda CX-3 offer superior driving dynamics thanks to their superior body control, steering, and suspension tuning. The standard 18-inch wheels shod in Dunlop all-season tires in the XLE and Limited trims also contribute a substantial amount of road and tire noise, especially on poorly maintained roads.

Even with a full model range, there’s not enough substance behind the 2019 Toyota C-HR’s techy looks. Besides the distinctive looks, high expected reliability and an impressive package of safety tech are all the C-HR has going for it. Millennial buyers with active lifestyles will find they barely have any space to fit their gear, and we’d like to see Android Auto added on a future model. Add to that the underwhelming performance, and Toyota’s spaceship-like subcompact crossover becomes a harder sell, especially in a segment that’s growing at such a quick pace.

2019 Toyota C-HR (XLE) BASE PRICE $24,025 PRICE AS TESTED $25,198 VEHICLE LAYOUT Front-engine, FWD, 5-pass, 4-door SUV ENGINE 2.0L/144-hp/139-lb-ft DOHC 16-valve I-4 TRANSMISSION Cont variable auto CURB WEIGHT (F/R DIST) 3,263 lb (61/39%) WHEELBASE 103.9 in LENGTH x WIDTH x HEIGHT 171.2 x 70.7 x 61.6 in 0-60 MPH 10.1 sec QUARTER MILE 17.6 sec @ 80.6 mph BRAKING, 60-0 MPH 122 ft LATERAL ACCELERATION 0.83 g (avg) MT FIGURE EIGHT 28.1 sec @ 0.58 g (avg) EPA CITY/HWY/COMB FUEL ECON 27/31/29 mpg ENERGY CONS, CITY/HWY 125/109 kW-hrs/100 miles CO2 EMISSIONS, COMB 0.68 lb/mile

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Categories: Property

2018 Range Rover Velar R-Dynamic SE Long-Term Update 4: Playing With Eco Mode

Motortrend News Feed - Thu, 12/13/2018 - 09:00

With the latest climate-change disaster consensus coming from 13 U.S. government agencies, I must admit to a bit of shame when I embark on my solo commute in the Range Rover Velar.

I mean, it’s a beautiful, graceful vehicle, with an impressive 5.7-second 0–60 time for imposingly darting through traffic, and an elegantly posh interior that gets me to the office (or home) feeling none the worse for wear. And its 18/24 EPA mpg (and our EQUA MPG testing outperforming EPA estimates at 20.7/27.5 mpg) ain’t half bad for a 4,547-pound vehicle with the phrase “R Dynamic” in its name.

I also have a motorcycle in the garage with a much smaller carbon footprint. That might make better sense on my traffic-choked commute. Still, SUVs are the most popular type of vehicle in America that isn’t a pickup truck, and research on behalf of the consumer must be performed.

To assuage my guilt, I have started experimenting with Eco drive mode. Normally I am a Sport mode personality. But my commute up Pacific Coast Highway through the South Bay beach cities is such a predictable slog that I rarely dip into the throttle.

I’d say that 90 percent of the time, Eco mode is sufficient for my needs. On a hot day, having the car’s computer cut the engine to save fuel also crimps the air conditioner’s cooling abilities, but that’s a minor, temporary inconvenience. Over the course of a couple tanks of gas, I found Eco mode improves fuel economy by 1 mpg. Every little bit helps.

Conversely, MotorTrend social media maven Carol Ngo (who lives her life in Eco mode) nonetheless was captivated by occasional forays into Sport mode. That said, she is not a fan of the Velar’s rotary gear-selector, which resulted in mis-shifts into the wrong gear due to user error—in addition to just being an ergonomic annoyance compared to a traditional PRNDL gearshift.

Automakers also have different learning curves when it comes to their infotainment systems. We’ve already grimaced over the clunky user interface, in contrast to the beauty of the glossy twin-screen layout. The system’s user experience also leaves something to be desired, as copy editor Jesse Bishop discovered on a 3,000-mile run from L.A. to Washington state with his new bride.

When playing music through his phone and also using onboard navigation, the system didn’t pause the music while reading out directions—meaning missing out on a vital passage of music or podcast. There have also been a couple occasions—usually when engaging reverse gear quickly after engine start—that the infotainment system freezes or merely goes black. If you want it to work, you have to reboot the system by turning off the Velar, waiting about 10 seconds, and starting it up again—just like you have to do with your cable modem at home after a blackout.

Yeah, yeah, #FirstWorldProblems, but it points out that Land Rover’s telematics team has some catch-up to play.

Read more about our long-term Range Rover Velar R-Dynamic SE:

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Categories: Property

Westmount veteran King joins Mayfair Capital to lead thematic growth fund

Property Week News Feed - Thu, 12/13/2018 - 08:37
Swiss Life-owned UK investment manager Mayfair Capital has appointed Westmount co-founder Giles King as fund manager for its UK Thematic Growth Fund.
Categories: Property

McLaren Honors its Racing Heritage With Six Special Edition Beauties

Motortrend News Feed - Thu, 12/13/2018 - 08:21

McLaren’s in-house customization center, McLaren Special Operations (MSO), seems to roll out bespoke versions of the British automaker’s cars at a bimonthly pace—or at least that’s how often it issues press releases about them. But this latest batch commissioned by McLaren Beverly Hills is actually deserving of an announcement. Numbering six cars in total, the special edition collection features three separate racing-inspired themes each applied to a 570S Coupe and Spider.

The three themes are called Muriwai, Papaya Spark, and Sarthe Grey, and represent major periods in McLaren’s racing history. The series of cars has been dubbed “Racing Through the Ages.” According to MSO, the blue and white Muriwai theme pays homage to Bruce McLaren’s early days of racing in New Zealand; Papaya Spark nods to the orange liveries in use during the 1960s and ’70s and on today’s F1 cars; and Sarthe Grey is inspired by McLaren’s 1995 Le Mans victory. Each gets special touches to go along with its theme, such as the kiwi on the Muriwai’s spoiler end plates, as well as a “1 of 6–Racing Through the Ages” plaque.

“It’s exciting for us at MSO any time we are able to merge McLaren’s racing heritage with current McLaren Automotive road cars,” said Ansar Ali, McLaren Special Operations chief, in a release. “Working alongside our retailers such as McLaren Beverly Hills to create these distinctive, limited editions of special cars for McLaren customers is an increasingly important part of our business as the demand for bespoke commissions becomes more popular.”

Each of the cars gets a black exterior package, dealer-installed rear wing, titanium exhaust, black 10-spoke lightweight wheels, and a GT4-inspired racing stripe that runs along the hood and roof. The cabins have striping on the seats, special headrest logos, an orange 12-o’clock mark on the steering wheel, and a key fob finished to match the exterior color. We’re sure they’re already spoken for, but that doesn’t make them any less fun to stare at.

Source: McLaren

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Categories: Property

Croydon alters plans for development site

Property Week News Feed - Thu, 12/13/2018 - 05:24
In-house developer eyes more housing for mixed-use scheme in town centre.
Categories: Property

Rugby players' flexible workspace brand to open at Wembley Stadium

Property Week News Feed - Thu, 12/13/2018 - 05:22
Professional rugby players plan to open Iconic Workspace centres at sporting venues across the country.
Categories: Property

Red Bull sublets a third of its London head office space

Property Week News Feed - Thu, 12/13/2018 - 05:21
Red Bull UK has sublet almost a third of its London headquarters in Covent Garden to global architectural design firm WATG.
Categories: Property

Vilner BMW E30 M3 Evo is the Perfect Stocking Stuffer

Motortrend News Feed - Wed, 12/12/2018 - 21:07

All we want for Christmas is this beautifully—and tastefully—customized 1990 BMW M3 Evo built by Bulgarian tuning shop Vilner Garage. It may be almost three decades old, but if you’ve ever driven an E30 Bimmer, you’ll know why this one inspires such desire. And it’s always a relief when the result of a custom job is as clean-looking as this one, to say nothing of the most-excellent gray and maroon Tartan interior.

The master craftspeople in the Sofia-based custom shop have obviously been working overtime—and it shows. Coated in Imola Red II paint, this BMW features an E36 M3 inline-six that packs 321 hp and 258 lb-ft of torque. The straight-six is mated to a five-speed manual transmission.

KW suspension components were fitted, as was a set of lightweight 18-inch BBS RK wheels finished in silver. This build also included adding tinted Hella headlights with mini wipers up front and a set of special taillights out back.

“The philosophy here was the same one followed by Singer Vehicle Design—‘Everything is important.’ From the materials used, through their configuration and the final finish,” said company founder Atanas Vilner in a release.

The cabin features a leather-wrapped Momo steering wheel, a roll cage, and a pair of Sparco racing seats upholstered in plaid fabric and leather trim. Ditto for the door panels, gearshift boot, headliner, and glovebox. “It’s not only just for style purposes. This fabric is super-functional, too. It’s very robust and comfortable, especially during the hot season,” said Vilner.

Occupants are held in place by a set a four-point Sparco harnesses, and interface the gas, brakes, and clutch via a Sparco aluminum pedal set. Finally, in a slightly corny move that we’ll let slide, the perforated metal floor panels are debossed with the words “race shoes only.” All in all, this build is just too cool—so Santa, if you’re reading this, feel free to slide it under our tree.

Source: Vilner

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Categories: Property

Trio of lettings at Arlington Business Park

Property Week News Feed - Wed, 12/12/2018 - 18:17
Patron Capital and APAM have made three new lettings totalling 58,000 sq ft at Arlington Business Park outside Reading.
Categories: Property

Volkswagen Restores a 350,000-Mile 1967 Beetle

Motortrend News Feed - Wed, 12/12/2018 - 18:11

It’s no big news that Volkswagen’s brand wouldn’t exist as it does today without the Beetle. For decades, the Beetle was the brand. Yet VW recently announced the end of the line for the model after its third-generation run. The Beetle’s place of prominence is Fahrvergnugen from over, however, and it is now free to fully focus on its role as the brand’s heritage icon.

For one lucky 1967 Beetle owner, that iconic status should now last another 50-plus years: The VW North America team and the Puebla factory have just completed an 11-month restoration of a Bug known as “Annie.” Kathleen Brooks, Annie’s owner, bought the car new in December 1966, from a Riverside, California, dealer and she has since wheeled the little red Beetle more than 350,000 miles. Brooks works with breast-cancer patients and is a three-time survivor of the disease herself.

“We often hear stories of dedicated Volkswagen owners, but there was something special about Kathleen and Annie that we felt we needed to honor,” said Derrick Hatami, the vice president of sales and marketing for Volkswagen of America, in a release. “The original Beetle launched our business in the United States. This isn’t just a Beetle, it’s a member of her family, and after all the time our employees have spent with this special vehicle, we feel Annie is a part of our family as well.”

The restoration saw 40 percent of Annie’s parts replaced, and another 357 original pieces restored—the team even recreated the stickers Brooks had stuck on Annie over the years. The paint was color-matched using the unfaded interior of the glovebox, the wiring was completely redone, and some more modern upgrades were added, too. One such upgrade is a new AM/FM/Bluetooth stereo designed to look and feel like the original Beetle radios—a stock item on later Mexico-built Beetles. The finishing touch to the restoration was applied to the seats, where the names Kathleen and Annie were embroidered into the new leather coverings.

Don’t get too excited if you have a slightly rusty, much-loved Beetle of your own sitting out in the yard—this isn’t the start of a factory restoration service à la Porsche Classic or Lamborghini Polo Storico. This is a one-off project meant to demonstrate the brand’s affection for its customers, and its appreciation of its customers’ affection for the Beetle.

Source: Volkswagen

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Categories: Property

Korean investor buys Cannon Green for £120m

Property Week News Feed - Wed, 12/12/2018 - 17:44
Ocubis has sold City of London building Cannon Green to Korean investor KiwoomAM for £120m.
Categories: Property

Jaguar Introduces New Range of Pet Products

Motortrend News Feed - Wed, 12/12/2018 - 17:32

My dog Bonnie loves riding shotgun, and on days when her paws are muddy and there isn’t a towel handy, floor mats placed over leather seats can be a real godsend. Such improvising on the fly may be a thing of the past for Jaguar owners, though, as the British automaker has announced a range of all-new pet products for finicky Fidos. The accessories were designed specifically for the E-, F-, and I-Pace crossovers and the XF Sportbrake wagon.

The options include a spill-resistant water bowl, a foldable carrier, and a rear-access ramp that can help ease access for big, old hounds that weigh up to 187 pounds. There’s also a tony quilted luggage compartment liner and a portable shower. The shower would probably also come in handy for cleaning outdoor gear like boots, bikes, and surfboards.

Like its vehicles, Jaguar’s pet products don’t come cheap. They’re available in four packages that range from $338 for a rear-seat protection liner up to $1,302 for the whole shebang. Got a messy mutt and don’t drive an SUV or wagon? You’re in luck; Jaguar’s rear-seat protector will work in the XE and XF sedans (and likely any other automaker’s vehicles, for that matter).

We’d imagine most of these items will be purchased with a new vehicle rather than ordered afterward—after all, there are plenty of aftermarket solutions available online or at pet stores—but making canine-carrying comfort as easy as checking an option box makes sense. New owners are no doubt going to be excited to keep the dog drool and muddy paws at bay in their brand-new E-, F-, or I-Pace. Think of the increased resale value and reduced chances for damage, and you can thank us later when your leash, er, lease is up.

Source: Jaguar


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Categories: Property

Sharp downturn in annual totals for Allsop and Acuitus

Property Week News Feed - Wed, 12/12/2018 - 16:19
UK’s two largest commercial auction houses have strong final sales but raised less this year than last
Categories: Property

New fund director and FD among appointments for PfP Capital

Property Week News Feed - Wed, 12/12/2018 - 15:55
Alternative asset manager PfP Capital, part of the Places for People group, has announced a trio of senior appointments as it targets further fund growth.
Categories: Property

Motion to wind up Local Shopping REIT blocked by activist investor

Property Week News Feed - Wed, 12/12/2018 - 15:45
The Local Shopping REIT has confirmed it will not currently proceed with plans to wind up the company after a shareholder motion was blocked by an activist investor.
Categories: Property