Urban Exposure hires former Lloyds banker in senior role

Property Week News Feed - Thu, 08/15/2019 - 07:37
Urban Exposure has hired Graeme Alfille-Cook, the former head of the developers team at Lloyds Bank, as chief strategy officer.
Categories: Property

Cushman & Wakefield reports 23% capital markets drop off in Q2

Property Week News Feed - Thu, 08/15/2019 - 06:40
Commercial real estate activity in the UK slumped 23% year on year in the second quarter of 2019, according to Cushman & Wakefield’s latest capital markets briefing.
Categories: Property

Equiem taps into £7m funding for tenant app

Property Week News Feed - Thu, 08/15/2019 - 06:00
Tenant experience app Equiem has raised £7m from investors in its latest funding round, taking the total invested in the company to more than £17m to date.
Categories: Property

Simon Bland latest big name to leave BNP Paribas Real Estate

Property Week News Feed - Thu, 08/15/2019 - 00:00
Former Strutt & Parker head of national markets is moving after 38 years as an investment agent
Categories: Property

New housing minister McVey to address RESI

Property Week News Feed - Thu, 08/15/2019 - 00:00
Property Week is delighted to announce that new housing minister Esther McVey will deliver her first official address to the housing sector at the RESI Convention next month.
Categories: Property

Harman Healy’s August auction tops July’s but fails to match last year’s

Property Week News Feed - Thu, 08/15/2019 - 00:00
Harman Healy raised £2.6m at its latest auction last week – 73% more than the £1.5m it raised at its auction in July.
Categories: Property

1939 Bentley Corniche Gets Resurrected by Milliner

Motortrend News Feed - Wed, 08/14/2019 - 22:37

Bentley has resurrected a piece of their lost automotive history with this stunning recreation of their 1939 Corniche. The idea originated when Greek race car driver Andre Embiricos ordered a performance car based on Bentley’s 4¼ Litre chassis. Engineers and higher-ups had been kicking around the idea of a performance version of the MkV for a while. A lightweight chassis and a tuned-up version of the MkV engine coupled to an overdrive gearbox was combined with a more aerodynamic look designed for better performance.

The result was the Corniche, Bentley’s first streamlined vehicle that would be the standard for the marque’s future post-war cars. Only one model was ever produced with it, unfortunately, suffering heavy damage during track testing in France in 1939. The chassis was sent to the Bentley plant located in Derby for repairs and the body was sent to a shop in France. The finished body was scheduled to be shipped out of Dieppe but was delayed and a WWII bombing raid destroyed it.

Fortunately, automotive historian and former Bentley director Ken Lea had acquired enough parts to make a Corniche reproduction model years later in 2001. This project took place in Derby, where the original chassis was sent decades before. Money became an issue in 2008 until Bentley provided funds to start work on the chassis, bodywork, and more.

They employed the help of coachbuilders Ashley & James in Lymington, Hampshire. It was a slow process until it was moved to Bentley under the leadership of Chairman and Chief Executive Adrian Hallmark with the team consisting of Ken Lea, Head of Heritage Robin Peel, Mulliner Operations Manager Ian Broomhall, and Glyn Davies of Mulliner Special Projects.

The original car designer was George Paulin and his family was gracious enough to provide his original drawings of the car. The team used them to fabricate parts and rebuild the car using original Corniche and MkV parts. The interior was put together by Head of Interior Design Darren Day and his team after doing extensive research to make sure they were using period-correct pieces. In order to get the wood trim right Mulliner Master Carpenter Gary Bedson came up with a steam booth that allowed him to bend pieces of wood to fit the spaces needed in the interior—a lengthy and tedious process. The Mulsanne body-in-white team put the finishing touches on the handcrafted panels.

This incredible piece of automotive history will make its debut at Salon Privé at Blenheim Palace in September.

The post 1939 Bentley Corniche Gets Resurrected by Milliner appeared first on MotorTrend.

Categories: Property

Ford Creating Families Around Mustang, Bronco

Motortrend News Feed - Wed, 08/14/2019 - 21:02

Mustang and Bronco are iconic names. Ford is leveraging that equity, creating families of vehicles as part of an overall rejiggering of its lineup that downplays traditional sedans and emphasizes car-based vehicles with a different look.

Much like F-Series encompasses assorted pickups and truck chassis under one umbrella, Mustang and Bronco are evolving into sub-brands of sorts, adding variants and even different body styles while working to preserve the essence of the names attached to them.

Mustang has the distinction of being the only traditional car with a future in North America; Ford is not investing in next generations of the Fiesta, Focus, Fusion, or Taurus for this market. Some of these cars have already been discontinued, the rest are being phased out and replaced with more functional designs in a world enamored with trucks and SUVs.

The current Ford Mustang went global, and the family includes performance variants such as the Shelby GT350 and upcoming Shelby GT500. At the other end of the spectrum, a Mustang hybrid is coming.

The lineup is further expanding with a performance electric vehicle, an SUV with Mustang styling cues. Developed on Ford’s new electric vehicle architecture, it will launch in 2020.

It is being done with kid gloves, Ford President and CEO Jim Hackett told MotorTrend in an interview. “We have to thread the needle on this really carefully because this franchise has just got such clarity that it is not going to evolve away from what its leverage is. It’s not going to be that. But there’s a couple derivations here.”

It makes marketing sense to leverage the Mustang name—gaining name recognition for a new nameplate requires a lot of time and money. Ford has big marketing plans to ensure the electric SUV makes a big social media splash before it goes on sale next year. “It’s that powerful a brand,” Hackett said.

Welcome back, Bronco

The other big name to leverage: Bronco. The return of the rugged SUV (rendered below) has been generating buzz for a couple years even though it does not go on sale until next year and has not yet been shown.

The design has been finalized. The Bronco, which shares underpinnings with the Ford Ranger midsize pickup, will be offered with a choice of two or four doors, and rear- or all-wheel drive. Like the Jeep Wrangler, the doors and roof are removable and can be cleverly stashed in the cargo hold. The side mirrors are attached to the windshield frame so they stay in place when the doors are removed. There will be a spare tire in the back and giant letters spelling Bronco across the front.

In terms of powertrains, educated guesses include the 2.3-liter turbocharged four-cylinder and perhaps the 2.7-liter EcoBoost V-6 as the top-spec engine. Ford’s 10-speed automatic transmission is expected, and enthusiasts would love the option of a seven-speed manual. There will also be a Bronco hybrid.

Baby Bronco

To broaden the Bronco family, there is a front- and all-wheel-drive compact crossover coming that shares some of Bronco’s rugged good looks and is also due by 2020. Like the Escape, it is car-based, but while the Escape was designed to be an urban utility vehicle, the “baby Bronco” will have some off-road chops with the necessary approach, departure, and breakover angles, as well as Terrain Management. It will also have hybrid options.

The smaller crossover (rendered above) won’t be a shrunken Bronco, but the unibody crossover will share some design cues. And it could have Bronco as part of its name: Think Rogue and Rogue Sport, and Discovery and Discovery Sport.

Smaller unibody pickup

Jim Farley, president of New Businesses, Technology, and Strategy, has also confirmed plans to build a more affordable midsize pickup to slot below the Ranger. The Ranger is only offered in crew cab or SuperCab in the U.S.—no two-door versions—leaving space for a less-expensive option.

The entry-level pickup would be a new nameplate for Ford and could be part of the Bronco family as a compact unibody pickup. It would also ride on the front-drive platform used by the new Focus in Europe. This would be in line with Ford’s overall strategy of replacing traditional cars with car-based vehicles with a different shape or body style.

Engine options could include Ford’s 2.0-liter turbocharged I-4. The base engine could be the 2.5-liter I-4 or even Ford’s 1.5-liter three-cylinder engine.

A Focus-based pickup would not be unprecedented. Ford sold a two-door subcompact pickup called the Courier in Brazil which was based on the 1998 Fiesta. It was replaced in 2013 with the larger Ford Ranger.

Ford has applied to trademark the Courier name in the U.S. The Courier name was also used on Ford-badged versions of the Mazda B-Series compact pickup in the early ‘70s, before the truck became the Ranger for the 1983 model year in North America, while remaining Courier in other markets. There were also electric Couriers from 1979 to 1982. In 2003, Ford introduced the Ford Everest midsize SUV based on the Courier/Ranger for Asia and Central America.

Sharing Ranger with VW

Ford and Volkswagen have agreed to work together on everything from trucks and commercial vans to electric and autonomous vehicle development. The partnership includes use of the Ranger midsize pickup platform to create trucks for both automakers in 2020 for markets around the world—with the possible exception of North America, depending on who you talk to.

Ford execs have insisted North America is not part of the agreement, but VW CEO Herbert Diess says a Ranger-based pickup for VW on this side of the ocean is very much in play.

Hackett, who has yet to visit Wolfsburg, has an explanation for the discrepancy. “It was in the discussions, so he’s right. It was in the earliest [talks] where we might take this.”

But it is not an option now, Hackett said, in part for logistical reasons. In North America, Ranger is “selling so well that we’d have to build capacity for that.” Rangers for North America are built in Wayne, Michigan, at a plant that used to make the Ford Focus and C-Max. The Michigan Assembly Plant will also make the Ford Bronco.

Ford will develop and build VW a successor to the Amarok pickup for Europe and other international markets, and the shared platform will be used for a new Ranger for Europe, South America, and Africa. Ford has a number of additional Ranger plants around the world that can handle the assignment.

The post Ford Creating Families Around Mustang, Bronco appeared first on MotorTrend.

Categories: Property

Fiat’s New Turbo Engine Has to Pull a Lot of Weight in the U.S.

Motortrend News Feed - Wed, 08/14/2019 - 19:01

The downsizing trend continues as the 2019 Fiat 500X receives a new 1.3-liter turbo-four engine that replaces existing larger units while offering similar power, more torque, and superior fuel economy. FCA’s new turbo-four belongs to its new Global Small Engine (GSE) family, and forms the foundations for FCA’s upcoming range of electrified powertrains that will more than likely end up on North American shores.

In the 2019 Fiat 500X, the 1.3T replaces the old 2.4-liter and the 1.4-liter turbo-four. With 177 hp and 210 lb-ft of torque, it has nearly the same output as the 2.4-liter but gobs more twist than either outgoing engine. You’ll also find this engine in the Jeep Renegade as an option on lower trims and standard equipment on the Limited grade and higher. Both cars see a bump in fuel economy with the 2019 500X checking in at 24/30 mpg city/highway even with all-wheel drive standard.

At the 2019 500X drive event in Malibu, California, MotorTrend spoke with Adam Remesz, head engineer for FCA’s GSE engine line for North America, to learn more about the engine. Remesz shows us cutouts for key components like the new direct piezo injectors, which help improve emissions and fuel economy. “We’re using a turbo that’s sized specifically for a vehicle like the 500X to maximize efficiency and performance,” notes Remesz. “We also added an electronically controlled wastegate to give you better response from the turbo.” As a result, peak torque happens at 2,200 rpm, that’s 1,700 rpm lower than the outgoing 2.4-liter unit.

FCA’s Multiair valve timing system has been updated for use in the GSE engine. Multiair-equipped engines use a hydraulic solenoid to allow the right amount of air to enter the combustion chamber. Remesz tells us that this iteration, which is in its third generation, is more accurate, enabling the engine to run more efficiently. An integrated exhaust manifold and electronic thermostat allows the engine to warm up faster.

Considering its size and the engines it’s replacing, we wouldn’t be surprised if FCA’s 1.3-liter turbo-four found its way into other models. If its dimensions are similar to the outgoing 1.4-liter unit, it’ll likely be the only gas engine offered across Fiat’s entire North American lineup. Fiat representatives couldn’t comment on future product but we’re suspecting it’s happening very soon.

In other markets, the 1.3-liter unit is also available in a lower-output flavor with 148 hp and 199 lb-ft. Should Fiat choose to power its whole lineup solely with that engine, the lower-output version could find its way into the standard 500 hatchback and 500c.The 177-hp version, as used in the 500X, will likely also end up in the 500L and 124 Spider. Abarth models could get their own specially tuned version with slightly more power than the one found in the 500X. A plug-in hybrid version of the 1.3-liter turbo-four was introduced earlier this year in Europe for the mechanically related Jeep Renegade in 190-hp and 240-hp flavors. In the U.S., we expect the latter to be the only version available.

The arrival of FCA’s GSE engine into U.S.-spec vehicles marks the start of Fiat’s move toward its electrified future. Hidden in last year’s five-year plan was a lineup of Fiat hybrids and full EVs. Expect those to appear within the next few years. An all-electric, next-generation 500 underpinned by a dedicated platform will be the first to arrive sometime in 2020 followed by a larger model likely to be called the Giardiniera.

The post Fiat’s New Turbo Engine Has to Pull a Lot of Weight in the U.S. appeared first on MotorTrend.

Categories: Property

Dodge Charger SRT Hellcat Widebody Makes 717 HP on Daytona Edition

Motortrend News Feed - Wed, 08/14/2019 - 18:14

Fifty years ago, the 1969 Charger Daytona—you know, that one with the gigantic wing—stunned oval-track racing fans with its incredible speed. Fast forward to today and Dodge has revealed the limited-production Charger SRT Hellcat Widebody Daytona 50th Anniversary Edition to commemorate its progenitor’s success. This isn’t the first time we’ve seen a special-edition Charger Hellcat, but now extra power accompanies the exclusive looks.

Most telling of this edition is the decal applied to the rear quarter panel and trunk lid, with a color-matched spoiler to give the back end a flash of contrast. The word “Daytona” is etched into either side so there’s no mistaking what you’re looking at. This edition will be available in four colors: White Knuckle, Triple Nickel, Pitch Black, and B5 Blue. For 2020 Charger Hellcat Widebody models, that bright blue tone will only be available on this special edition.

Inside, blue accent stitching lines the armrest, door panels, shifter, and front bucket seats. Those thrones also receive color-matched “Daytona” embroidery on the seat backs. Carbon-fiber trim is set into the dashboard, and a blue Daytona badge with the trademark screaming kitty Hellcat logo is positioned above the glove box to remind occupants of the car’s limited status.

Because 707 hp simply isn’t enough, SRT slightly lifted the supercharged 6.2-liter V-8’s shift points to bump power to 717 hp. We’ve found Hellcat-powered vehicles to overcome the tires at nearly any engine speed, so it’s possible this approximately-1.4-percent increase in power won’t make a substantive difference in performance. But hey, this is a muscle car we’re talking about here—isn’t the point to shred rubber and make noise?

In 1969, Dodge created the Charger Daytona for the specific purpose of dominating NASCAR racing. With its prodigious power and then-revolutionary aerodynamics, it was the first vehicle in the series to reach a 200-mph average lap speed, and held that record for 17 years. Only 501 were produced, the same number slated for this Charger SRT Hellcat Widebody. Curiously, today’s car is actually a tad slower at the top end, with a 196-mph maximum speed. Still, with a mid-three-second 0-60 time, sub-11-second quarter-mile sprint, and huge 305-section tires providing increased grip and traction, it’s bound to be faster in every other measure.

Keep an eye out for that rear-end flash of white tearing down the road soon. Orders open this fall; deliveries are slated for early 2020.

Source: Dodge

The post Dodge Charger SRT Hellcat Widebody Makes 717 HP on Daytona Edition appeared first on MotorTrend.

Categories: Property

Ford backtracks on Fiesta, Focus transmission claims, offers extended warranties

The Car Connection News Feed - Wed, 08/14/2019 - 18:00
Ford will extend warranties by two years or 40,0000 miles on some 2014-2016 Fiesta and Focus sedans and hatchbacks equipped with a problematic dual-clutch automatic transmission, the automaker announced Wednesday. The move follows building criticism from owners and media over the maligned transmission, which has plagued the automaker since its...
Categories: Property

2020 Honda Insight

The Car Connection News Feed - Wed, 08/14/2019 - 17:30
Efficiency-focused shoppers would do well to consider the 2020 Honda Insight hybrid sedan. The small car from Honda returns not only more than 50 mpg combined in most configurations, according to the EPA, it also manages to do it for less than $24,000 in base form and perhaps, more importantly, without drawing attention to itself. It has plenty to...
Categories: Property

​Mayfield Partnership scales up phase one ambitions for Manchester development

Property Week News Feed - Wed, 08/14/2019 - 17:06
The Mayfield Partnership is to develop a 220,000 sq ft office building as part of the first phase of its £1.4bn Mayfield development in Manchester city centre.
Categories: Property

2020 Ford Ranger FX2 arrives, Acura Type S Concept is coming, Porsche Cayenne with a plug: What's New @ The Car Connection

The Car Connection News Feed - Wed, 08/14/2019 - 17:00
2020 Ford Ranger FX2 is the baja pickup ready for cities The off-road package for rear-drive pickups adds chunky tires, a rear locking differential, and an off-road suspension. Congress plans to try again on self-driving car legislation Congressional committees plan to take up legislation again that would even the playing field for self-driving...
Categories: Property

New Terrain to climb? Small GMC crossover's price goes up for 2020 in most trims

The Car Connection News Feed - Wed, 08/14/2019 - 15:00
The 2020 GMC Terrain will feature newly standard active safety features when it goes on sale later this year and a new price for most versions. GMC confirmed to The Car Connection that the 2020 Terrain will cost the same for a base model when it goes on sale later this year. A 2020 GMC Terrain SL will cost $26,195, including destination, for a...
Categories: Property

Congress plans to try again on self-driving car legislation

The Car Connection News Feed - Wed, 08/14/2019 - 14:00
Congress may revisit an overhaul to federal rules for self-driving cars when it reconvenes early next month. House and Senate committees are looking for comments from the public and automakers to standardize federal rules for testing and selling self-driving cars and cars with semi-autonomous driver-assistance features, Automotive News reported...
Categories: Property

​IPO filing reveals WeWork losses of £570m in 2019

Property Week News Feed - Wed, 08/14/2019 - 13:22
WeWork lost more than £570m ($689m) in the first half of 2019, according to financial statements filed by the company with regulators ahead of a planned initial public offering.
Categories: Property

RICS names Simon Prichard as new UK and Ireland chairman

Property Week News Feed - Wed, 08/14/2019 - 12:43
Simon Prichard has been appointed the new chair of RICS’ UK & Ireland world regional board.
Categories: Property

​Prime yields hit 32-month high

Property Week News Feed - Wed, 08/14/2019 - 12:35
Average all-property prime yields hit 4.9% in July, the highest level since November 2016, according to research conducted by Savills.
Categories: Property

The London Resort secures Radisson Blu hotel

Property Week News Feed - Wed, 08/14/2019 - 11:58
New theme park The London Resort has signed a partnership with the Radisson Hotel Group, which will open a Radisson Blu hotel at the Kent resort.
Categories: Property