​JCRA hires Marshall to strengthen debt advisory offering

Property Week News Feed - Thu, 02/14/2019 - 13:29
JCRA has appointed Simon Marshall as a director within its real estate division as the firm looks to boost its presence within the debt advisory sector.
Categories: Property

The 2020 Hyundai Sonata Aims to Create Buzz

Motortrend News Feed - Thu, 02/14/2019 - 13:00

The 2020 Sonata will not be instantly recognizable as a Hyundai, but it is designed to be a head-turner and create buzz similar to the impact of the 2011 Sonata, says SangYup Lee, head of the Hyundai Global Design Center in Namyang, Korea.

The next-generation Sonata is one of 13 new vehicles coming this year for the Hyundai, Kia, and Genesis brands. It will be on display at the New York auto show in April with production set to begin soon.

This is an important year as Hyundai works to rebrand itself as more emotional and sporty while still offering value and retaining its commitment to cars—more are coming next year—even as Hyundai expands its crossover lineup and still plans to add the Santa Cruz car-based pickup.

Hyundai Le Fil Rouge Concept

Designing the eighth-generation Sonata was a challenge knowing it must excite consumers who continue to forgo sedans. “The new Sonata is quite challenging for us obviously just because we all know that market is shrinking and taken over by SUVs,” Lee said in an interview with MotorTrend.

As companies such as Ford, FCA, and General Motors cut their car lineups, Hyundai found itself deciding whether to proceed with a new car. But the Sonata is integral to the brand, accounting for almost a sixth of its sales as it competes with juggernauts such as the Toyota Camry and Honda Accord.

Hyundai chose to make a new Sonata but knew it had to be more appealing, with progressive design—no big-box sedan. “It’s almost like a four-door coupe style without compromising the usability inside,” Lee said.

“We will make big statements this year,” Lee said, akin to the 2011 Sonata, the sixth generation that made people take notice. It was one of the first coupe-style sedans, a provocative design at the time. Lee was a designer at General Motors working on Camaro and Corvette when he saw that Sonata with its distinctive profile. “I was looking at it, and I was like, ‘Wow. That is something else. And it’s going to be a hit with this market.’ As soon as I saw it, I sensed it, and second thing is, ‘why didn’t I think of that?’”

Lee thinks the 2020 Sonata can have the same impact. The design is inspired by the Le Fil Rouge concept (pictured above) shown a year ago in Geneva. Some Hyundai signature cues will remain, such as a hint of the cascading grille and the composite lens in the headlights.

But the face will not be recognizable as a Hyundai. Lee wants people to like it and take a second look and see that it’s a Hyundai. Rather than Russian nesting dolls, the goal is a portfolio of chess pieces that look and behave differently, but when they’re all together, their roles are clear.

Powertrains are uncertain. The current 1.6-liter turbocharged I-4 could be dropped while keeping the base 2.4-liter I-4 and 2.0-liter turbo-four. A Sonata N performance variant could be a candidate for the third-generation Theta turbocharged 2.5-liter. The six-speed automatic transmission could be retired with the eight-speed to fall back on as well as the seven-speed dual-clutch transmission. And we expect hybrids and plug-in hybrids.

Sonata dates back to 1985 when the midsize car was first produced in Korea. It was essentially a face-lifted Hyundai Stellar with more power sold in Korea, Canada, and New Zealand to little success. The second generation in 1988 was part of Hyundai’s expansion in North America, including the U.S., and the design was by Giorgetto Giugiaro of ItalDesign. In addition to Ulsan, Korea, there was a plant in Bromont, Quebec, until it closed in 1993.

The current seventh-gen Hyundai Sonata

Over its various generations it has used Mitsubishi engines, migrated to a platform shared with the Kia Optima and the first Hyundai Santa Fe, and was the first host for the new Theta I-4 engine and part of the production launch in 2005 at the first U.S. plant in Montgomery, Alabama. After the eye-catching 2011 model, the current seventh-generation model was unveiled at the 2014 New York auto show with more conservative styling to bolster sales in Korea. A plug-in hybrid with a 27-mile electric-only range was added in late 2015 in 10 states. The outgoing sedan got a refresh for the 2018 model year.

Lee does design work for both Hyundai and Genesis. Although Genesis was born from Hyundai, the luxury brand has a different legacy. As Hyundai positions itself as the sporty and emotional value brand, the infant Genesis brand must be progressive and daring and strives to celebrate Korean culture.

The current G70, G80, and G90 sedans will be followed up with the first SUV, the GV80, which is coming this year. Genesis has more new vehicles coming this year, but Lee is tight-lipped about the other products on tap.

He does confirm that work continues on a production version of the Essentia sports car. It is an iconic statement to define the brand, and he says it will be even better than the concept.



The post The 2020 Hyundai Sonata Aims to Create Buzz appeared first on Motortrend.

Categories: Property

Long property outperforms wider market

Property Week News Feed - Thu, 02/14/2019 - 12:59
Long income property delivered a total return of 9.2% in 2018 – down on the 12.4% reported the year before but well above the wider market, according to the CBRE Long Income Index.
Categories: Property

​Europa Capital appoints Currie as director

Property Week News Feed - Thu, 02/14/2019 - 12:56
Europa Capital has expanded its private capital markets team with the appointment of Ian Currie as director to support its capital-raising efforts.
Categories: Property

Henley turns to Ivory to launch £300m UK BTR push

Property Week News Feed - Thu, 02/14/2019 - 12:52
Henley is entering the UK build-to-rent (BTR) sector with the appointment of a team led by Jonathon Ivory, former managing director of Atlas Residential, and launch of a £300m investment strategy.
Categories: Property

Colliers International appoints new Manchester office head

Property Week News Feed - Thu, 02/14/2019 - 12:30
Colliers International has appointed Peter Gallagher as the new head of its Manchester office.
Categories: Property

2019 Nissan GT-R

The Car Connection News Feed - Thu, 02/14/2019 - 11:00
The 2019 Nissan GT-R might be the least-dramatic supercar in the world, but only because it’s effortlessly, breathtakingly fast. The GT-R’s video game-like pace and driving dynamics and (somewhat) palatable price keep it a compelling option even as this design’s age is readily apparent, warranting a rating of 6.6 out of 10...
Categories: Property

Gas prices hurts more than healthcare, Americans say

The Car Connection News Feed - Thu, 02/14/2019 - 11:00
Americans consider fuel prices more important than their healthcare budget, results of a new study from GasBuddy revealed Tuesday. In fact, Americans would prefer a free fill-up to finding $20 on the street, or even having their meal paid for. The study looked at a small sample of 1,016 Americans that covered all age brackets and income levels;...
Categories: Property

Cronk set to leave BNP PRE

Property Week News Feed - Thu, 02/14/2019 - 10:21
One of BNP Paribas Real Estate’s most senior directors, Damian Cronk, is to leave the firm, Property Week can reveal.
Categories: Property

M&G provide £69.1m loan for Procession House refurbishment

Property Week News Feed - Thu, 02/14/2019 - 10:10
M&G Investments has provided a £69.1m loan to a joint venture between Goldman Sachs and Greystar for the refurbishment of Procession House in London.
Categories: Property

Countrywide shares top FTSE All Share

Property Week News Feed - Thu, 02/14/2019 - 09:57
Countrywide was the best performing company on the FTSE All Share on Wednesday rising 10.52% to 10.82p.
Categories: Property

Unibail-Rodamco-Westfield issues weaker than expected profit guidance

Property Week News Feed - Thu, 02/14/2019 - 09:41
Unibail-Rodamco-Westfield has issued lower than expected profit guidance as its acquisition of Westfield fails to live up to expectations.
Categories: Property

Patisserie Valerie saved by Irish private equity firm

Property Week News Feed - Thu, 02/14/2019 - 09:28
Patisserie Valerie has been bought out of administration by its management with backing from Irish private equity firm Causeway Capital Partners.
Categories: Property

UK Commercial Property REIT looks to alternative investments as retail hits its portfolio value

Property Week News Feed - Thu, 02/14/2019 - 09:02
UK Commercial Property REIT is seeking an amendment to its investment policy to allow it to move into alternative sectors including healthcare, student housing and leisure.
Categories: Property

Retail hits UK Commerical Property's portfolio value

Property Week News Feed - Thu, 02/14/2019 - 09:02
UK Commercial Property REIT has seen a 5.1% fall in the value of its retail portfolio over the final quarter of 2018.
Categories: Property

Porsche 911 GT2 RS or GT3 Touring? Here’s Our Take

Motortrend News Feed - Thu, 02/14/2019 - 09:00

Money no object, which would you choose: the Porsche 911 GT2 RS, or the 911 GT3 Touring? Turbo and PDK versus naturally aspirated and six-speed stick shift; two different solutions to the same challenge, each quintessentially 911. In truth, there’s no wrong answer here. But, like medieval scholars arguing over angels dancing on the head of a pin, it’s something on which few enthusiasts  would choose not have an opinion. Here’s mine …

The GT2 RS is the alpha-dog of the 911 lineup, and as I wrote after first driving the car in Portugal last year, it’s an intoxicating mixture of tradition and technology, defined by its brawny twin-turbo, 3.8-liter flat-six. The tradition is in the concept: a turbocharged, high-horsepower, two-wheel-drive 911 that recalls the spirit of the fearsome 930 of the late 1970s and builds on the reputation of the formidable 2010 GT2 RS. The technology is in the execution: This latest GT2 RS is the distillation of everything the best and the brightest engineers at Porsche know about making their iconic sports car go fast in the early 21st century.

And, man, is it fast. Punch the gas, and the 691-hp GT2 RS streaks past 60 mph in 2.7 seconds, 124 mph in 8.3 seconds, and 186 mph in 22.1 seconds, en route to an electronically limited top speed of 211 mph. It is the quickest road-legal car we’ve ever had around Laguna Seca, with Randy Pobst posting a 1 minute 28.3 second lap during our 2018 Best Driver’s Car shootout, outpacing the mighty McLaren 720S by more than 1.4 seconds.

The GT2 RS redefines the art of the possible, and not just in terms of a road-going 911. I don’t think I’ve ever driven a road car with the mid-corner grip and tenacious traction of this Porsche, apart from the preternaturally fast McLaren Senna. And I’d argue it trumps the Senna on the slower corners where the Big Mac’s trick active aerodynamics can’t generate maximum downforce.

All wing and splitter, vents and and pumped fenders, the GT2 RS looks ready to devour the Nürburgring Nordschleife, with Bathurst and Spa-Francorchamps for dessert. By contrast, the GT3 Touring is a stealth street racer. It gets all the GT3 go-fast bits—the 500-hp naturally aspirated 4.0-liter flat-six that revs to a sizzling 9,000 rpm, the track-tuned suspension, the big brakes—but without the arrest-me-now rear wing, and with leather instead of Alcantara interior trim. Oh, and the six-speed stick shift is standard. The spiritual successor to the breakout 911 R, this is the ultimate 911 for drivers who like to do it themselves.

The feeding frenzy over the 911 R made the business case for the manual GT3, because making the six-speed available was no simple task, says Porsche’s GT car boss, Andreas Preuninger. “It’s not just developing a gearbox,” he insists. “You have to address damping rates, stability systems, ABS, everything, because the car weighs 33 pounds less with the manual transmission. It behaves differently, and you have to adjust all the systems, as well for the new gearbox.”

That the hardcore 520-hp GT3 RS and the GT2 RS are only available with the PDK automated manual tells you something else about the stick-shift transmission: It makes a 911 slower. Porsche’s own numbers put the six-speed GT3 six-tenths of second slower to 60 mph than the PDK version. But about four- to five-tenths of the PDK-equipped car’s advantage is in the launch control, says Preuninger. The other tenth or so in the first-to-second shift.

Beyond the 0–60 sprint? “It’s more work in the manual,” Preuninger concedes, “but I don’t think you can run away from a GT3 manual with a GT3 PDK just anywhere. You would need a racetrack for that, as the electronic diff in the PDK car also delivers more traction than a limited-slip diff.”

More work. After a 500-mile day in the GT3 Touring on some of California’s most challenging backroads, I agree. After the ferocious GT2 RS, it feels oddly languid, partly because the 4.0-liter engine’s power delivery is so linear and it never seems to run out of revs. But then you look at the speedo and realize with a shock that you’re covering ground very quickly indeed. And the noise! The urgent, edgy snarl of the flat-six gets a steely, manic edge over 7,000 rpm. It’s epic, almost vintage 911, with a digitally remastered hint of air-cooled clatter. There is nothing else like it.

The six-speed manual has a lovely oiled metal action: solid, precise, satisfying. And, as you’d expect in a car engineered by a company that’s spent more than half a century honing its products on racetracks around the world, the clutch action is beautifully weighted, the brake pedal perfectly placed for heel-and-toe downshifts. Quick, and with the remarkable poise Porsche chassis engineers have dialed into modern 911s, the stick-shift GT3 is unquestionably entertaining and engrossing to drive—to about eight-tenths. Then you have to start working at it.

There are those who argue the PDK takes the involvement out of driving a 911 fast, dilutes the skill. Nonsense. When you’re in the GT2 RS and making the most of its stupendous turbo power and torque, trust me, you’re involved. And, like a lion tamer, you need to be on your game when you start tickling its growling underbelly and wanting it to play. With so much weapons-grade grunt—that 691-hp at 7,000 rpm is accompanied by 553 lb-ft of torque from 2,500 rpm—being funneled earthwards only through the rear tires, the GT2 RS chassis feels more alive, more adjustable than that of any other road-going 911. Thing is, it’s all happening at warp speed.

The PDK transmission enables you to better work with the GT2’s sheer speed, to brake later and deeper and get on the gas earlier, making the most of that power and torque and the superb traction. What’s more, it allows you to totally focus on what the chassis is doing, on taking the tires to the absolute limit, on using the throttle to initiate precise dollops of weight transfer precisely when you need them. Just because you’re not tugging a lever and punching a pedal doesn’t make driving this 911 fast less of a challenge.

Nor does it make you less of a driver. As F1 driver, Le Mans winner, and DTM champ Hans-Joachim Stuck once drily observed to me: “Think of the three greatest racing drivers of the modern era—Aytron Senna, Michael Schumacher, and Lewis Hamilton. They all learned their car-control skills in karts, which have no transmission at all.”

GT2 RS or GT3 Touring? Turbo and PDK, or naturally aspirated and stick? Like I said, there’s no wrong answer. But …

As rewarding and aurally intoxicating as it is to drive, the GT3 Touring is for me the lesser of these two 911s. Yes, the throttle response is surgically precise, and to the point where the stick shift starts slowing things down, it’s easier to drive because it has less power, and the power delivery is more linear. But ultimately, the GT3 Touring, for me, delivers more sound, less fury than the GT2 RS.

The GT3 Touring demands aggression as you approach the edge of its performance envelope, especially to keep that manic engine in its happy place between 5,000 and 8,000 rpm. By contrast, patience is just as important as aggression in the GT2 RS; understanding this, knowing when to unleash the turbomotor’s power and when to hold back, is the key to speed in this car. And it builds speed so explosively and grips so hard, the effects of its unique weight distribution are amplified; you’re aware of the mass of the engine slung out behind the rear wheels more than in any other modern 911.

With turbo boost that came on with all the subtlety of a shovel to the back of the head, and a chassis that demanded a constant sweaty tightrope walk between terminal understeer and hair-trigger oversteer, the original Porsche Turbo, the 930, was a car that inspired awe and fear in equal measure, like a made man among the wise guys. By contrast, the GT2 RS is an infinitely more mature, astoundingly more accomplished 911. But the 930’s animal spirit still lurks deep within. And that’s what I love about it.

The post Porsche 911 GT2 RS or GT3 Touring? Here’s Our Take appeared first on Motortrend.

Categories: Property

Is This Fastback Ford F-150 Cool? More Than 400 People Think So

Motortrend News Feed - Thu, 02/14/2019 - 00:30

A couple of weeks ago, a photo surfaced showing a Ford F-150 equipped with a fastback-like bed cap, complete with window louvers. We first saw it on Twitter, but apparently, it had been making the rounds on Facebook and forums before that. Was it someone’s custom one-off or something you could buy? Was it kind of cool or completely horrible? At the very least it was interesting.

Eventually, The Drive figured out that these are real bed caps you can actually buy. They’re built by a shop called Michigan Vehicle Solutions in Southgate, Michigan, and retail for $3,995. And since the liftback is lockable, you can safely store valuables in the bed without worrying they’ll get stolen. Due to the unique and controversial nature of the Aero X, the story quickly spread all over the internet.

As we watched the Aero X get picked up on site after site, we couldn’t help but wonder just how much interest there really was in the fastback bed cap. Was this the kind of thing MVS was hoping to sell a dozen of, or was there more demand than you might think? To get our answer, we reached out to the shop itself, and according to Jim Thompson, the program manager at Michigan Vehicle Solutions, more than 400 people have contacted the company about placing an order.

Interestingly, Thompson said MVS doesn’t plan to stop with the F-150. He said there are plans to adapt the Aero X for other trucks, such as the Ram 1500, Ford Ranger, and Chevrolet Colorado. And with enough demand, the plan is to take the Aero X to a wind tunnel to test its effect on a truck’s aerodynamics and fuel economy.

So there you have it. Whether you like the idea of the Aero X or not, it really is generating interest. And when the aero testing has been completed, we’ll be interested to see what kind of impact it has on gas mileage.

Source: Michigan Vehicle Solutions via The Drive

The post Is This Fastback Ford F-150 Cool? More Than 400 People Think So appeared first on Motortrend.

Categories: Property

London office market ranked third most expensive in the world

Property Week News Feed - Thu, 02/14/2019 - 00:01
London has the third most expensive office market in the world after Hong Kong and Tokyo, according to Knight Frank, with Melbourne and Sydney set to see the largest rental growth in the coming year.
Categories: Property

Aberdeen Standard close to £130m sale of Edinburgh HQ

Property Week News Feed - Thu, 02/14/2019 - 00:00
Standard Life Pooled Pension Property Fund in talks with three parties over sale of 6 St Andrew Square
Categories: Property

PLATFORM_ enters Welsh market with 206-home BTR development in Cardiff

Property Week News Feed - Thu, 02/14/2019 - 00:00
Build-to-rent developer and operator PLATFORM_ is set to enter the Welsh market with a new scheme in Cardiff.
Categories: Property