Khan takes control of Charlton Riverside application

Property Week News Feed - Tue, 08/14/2018 - 11:55
London Mayor Sadiq Khan has taken control of the Charlton Riverside Development after the planning application was rejected by Greenwich Council last month.
Categories: Property

Government outlines social housing reforms in Green Paper - property reacts

Property Week News Feed - Tue, 08/14/2018 - 11:40
The government has outlined several affordable housing reforms in its Social Housing Green Paper, including proposed changes to council spending of Right to Buy receipts, shared ownership and the regulatory system.
Categories: Property

Government outlines social housing reforms in Green Paper

Property Week News Feed - Tue, 08/14/2018 - 11:40
The government has outlined several affordable housing reforms in its Social Housing Green Paper, including proposed changes to council spending of Right to Buy receipts, shared ownership and the regulatory system.
Categories: Property

Government outlines social housing reforms ahead of Green Paper

Property Week News Feed - Tue, 08/14/2018 - 11:40
The government has outlined the affordable housing reforms in its Social Housing Green Paper ahead of its publication later today.
Categories: Property

GLP J-REIT grabs £600m Japanese logistics assets

Property Week News Feed - Tue, 08/14/2018 - 11:36
GLP has sold eight logistics properties in Japan to GLP J-REIT for JPY84.9bn (£600m).
Categories: Property

Chancerygate buys site for industrial warehouse development in Sidcup

Property Week News Feed - Tue, 08/14/2018 - 11:24
Chancerygate has bought a 5.4 acre site on Edington Way in Sidcup from Tesco with plans to create a 13-unit, 120,500 sq ft warehousing development at the site.
Categories: Property

BE Offices hires Jennings from IWG

Property Week News Feed - Tue, 08/14/2018 - 10:06
Flexible office space provider BE Offices has appointed Derren Jennings as group sales director.
Categories: Property

Cording launches £400m PRS fund

Property Week News Feed - Tue, 08/14/2018 - 10:01
Cording Real Estate Group has launched a £400m private rented sector focused residential investment fund on behalf of European investors.
Categories: Property

Schroders buys £17.5m Heathrow industrial estate

Property Week News Feed - Tue, 08/14/2018 - 09:42
Schroders’ Multi-let Industrial Property Unit Trust has bought the Aerodrome Way Industrial Estate, located north-east of Heathrow Airport, for £17.45m from DTZ Investors.
Categories: Property

NAV dips at Capital & Regional

Property Week News Feed - Tue, 08/14/2018 - 08:06
Net asset value at Capital & Regional has nudged down during the first six months of the year.
Categories: Property

Porsche Challenge at Pikes Peak

Motortrend News Feed - Tue, 08/14/2018 - 05:00

The Pikes Peak International Hill Climb is one of only a handful of premier motorsport events that allows amateurs to compete alongside seasoned pros. Combine that fact with the challenge of tackling 156 turns at speed for 12 miles as you climb nearly 5,000 feet to the summit of one of Colorado’s tallest mountains, and you have a race unlike any other in the world. It’s that challenge—and the dangers that come with it—that attracts people of all backgrounds and skill levels, and it’s why Porsche has been coming back since 1958. In this documentary, produced in association with Porsche, we strap you into the passenger seat of a Porsche Cayman GT4 Club Sport as you follow the trials of the eight competitors in Pikes Peak’s first ever Porsche one-make category.

True to the spirit of the event, the new class is comprised of a mix of professional and amateur drivers. On the pro side, we have stunt driver Travis Pastrana, IndyCar racer J.R. Hildebrand, and pro race car driver Mike Skeen. In the amateur camp, we have Porsche dealer and former major league baseball player C.J. Wilson, heart surgeon Dr. Alex Marmureanu, investment manager Till Bechtolsheimer, day trader Nicolas Kwan, and real estate developer Thomas Collingwood. Though they arrive with different levels of driving experience, all eight are first-time competitors at Pikes Peak, so they’ll each have to rely on the coaching of eight-time Pikes Peak class winner and Porsche veteran Jeff Zwart.

Do the drivers have what it takes to finish the race in one piece? Find out by watching the video.


The post Porsche Challenge at Pikes Peak appeared first on Motor Trend.

Categories: Property

This Could be the Production 2019 BMW Z4

Motortrend News Feed - Mon, 08/13/2018 - 23:00

When BMW revealed the Z4 concept at Pebble Beach last year, it got us excited about the Bavarian roadster for the first time in years. Sure, we enjoyed the BMW Z4 sDrive35is, but updates have been minimal, and the Porsche Boxster S has always been the superior driver’s car. As we get closer to the official reveal, there’s still the question of how different the production version will look, but if these leaked images are to be believed, it’s not all that different.

Over the weekend, the SupraMKV fan forum posted what appear to be leaked images of the redesigned Z4. The original source of the images is unclear, but Instagram user liucunyi posted the earliest copies we were able to find. The background and the identity of someone in the driver’s seat have all been erased, presumably to make it more difficult for BMW to find the source of the leak, but they still show a clear view of the car itself.

Then you see why I do love it,isn't it coming out quite nice?the rear is so much better than that of the The 8 imo. #z4 #z4m #g29 #bmwz4 #bmw #bimmerfest #bimmer #roadster #convertible #munich #bmwz4 #munich????????#tt #auditt #audittrs #audittclub #slc #slk #supra #toyotasupra #instacar #cool #hot #cardesign #cardesigner #cardesigndaily

A post shared by 刘存亿 (@liucunyi) on Aug 11, 2018 at 5:19pm PDT

Assuming the car shown here is an actual production model, the designers appear to have stuck closely to the concept. It’s not quite as striking in production form, but it’s still better looking than the last Z4. Then again, without the concept’s extreme styling, it does look less unique. The front reminds us of the Fiat 124 Spider, and from the side, we see some Mercedes-Benz SLC.

We also recently had the opportunity to drive a preproduction prototype where we learned the U.S.-spec Z4 M40i will get a 3.0-liter turbocharged inline-six good for 382 hp and 369 lb-ft of torque. We can’t say for sure how it will hold up against the 718 Boxster S, but it did feel like a proper sports car. In fact, one BMW rep admitted the Z4 M40i laps the test track quicker than the current M2.

Regardless of how much you like the design, that news alone should be enough to get you excited about BMW’s newest roadster.

Source: SupraMKV Forum

The post This Could be the Production 2019 BMW Z4 appeared first on Motor Trend.

Categories: Property

Elon Musk in Chats With Saudi Fund to Take Tesla Private

Motortrend News Feed - Mon, 08/13/2018 - 21:00

Tesla CEO Elon Musk confused the Internet more than usual last week when he announced he was considering taking the company private. He also tweeted that funding had been secured, without going into further detail. Today, Musk is clarifying his proposal, saying that the company has been in talks with the Saudi Arabian sovereign wealth fund to make his plan happen.

In a blog posted on Tesla’s website today, Musk said the fund has approached him “multiple times” about taking Tesla private. He first met with the fund in early 2017. This July, after the fund bought almost 5 percent of Tesla stock through public markets, the fund reached out for another meeting and said it wanted to proceed with the deal.

“I left the July 31st meeting with no question that a deal with the Saudi sovereign fund could be closed, and that it was just a matter of getting the process moving. This is why I referred to ‘funding secured’ in the August 7th announcement,” Musk said in the statement. He said that Tesla would provide full details of the plan before any final decision is made on taking the company private. He also quelled fears that such a deal would put Tesla deeper in debt. Most of the capital required for going private would come from equity, Musk clarified.

Last week, Musk said shareholders would have the choice to either remain an investor or get bought out at $420 a share. That price is a 20-percent premium over the stock price the company announced after its recent second-quarter earnings call. Musk estimates that about two-thirds of shares owned by all current investors would roll over into a private Tesla. If that’s the case, Tesla would need to buy out the remaining one-third of shares, which would require roughly $24 billion at Musk’s proposed share price.

The U.S. Securities and Exchange Commission was reportedly looking into Tesla after Musk’s tweet last week claiming funding had been “secured.” Although not everyone thought it was a good idea, Musk defended his decision to make a public announcement. “The only way I could have meaningful discussions with our largest shareholders was to be completely forthcoming with them about my desire to take the company private,” Musk wrote in the statement today. “However, it wouldn’t be right to share information about going private with just our largest investors without sharing the same information with all investors at the same time. As a result, it was clear to me that the right thing to do was announce my intentions publicly.“

Whether it was the right thing to do or not, the Twitter announcement is now the subject of an SEC inquiry. According to CNBC, the tweet may have violated a rule that bars publicly traded companies (and their executives) from announcing plans they don’t intend to follow through. That includes announcements of plans you don’t have the means to carry out and especially announcements deliberately intended to manipulate stock price. By saying funding was secured when a deal hadn’t been closed yet, Musk may be in trouble with the SEC . Even if it wasn’t his intent, the CEO sent Tesla’s stock price skyrocketing 11 percent to $379.57 a share after tweeting last Tuesday. It has since dropped back down, and at press time is hovering around $356 per share.

Tesla’s board is setting up a special committee that will evaluate any potential final proposal to take Tesla private. If such a plan is presented and approved, Tesla will present the plan to shareholders for a vote.

Source: Tesla, CNBC

The post Elon Musk in Chats With Saudi Fund to Take Tesla Private appeared first on Motor Trend.

Categories: Property

2019 Ford Explorer

The Car Connection News Feed - Mon, 08/13/2018 - 20:44
The 2019 Ford Explorer tackles family life well. The popular Explorer makes its way onto just about every three-row crossover SUV shopping list, and with good reason. It’s roomy, rides well, and offers some standout features. Yet the 2019 Explorer’s basic design is showing its age, now nearly a decade into its life cycle. A new model...
Categories: Property

Chevrolet Tahoe and Suburban Premier Plus Special Editions Get 6.2L V-8 Power

Motortrend News Feed - Mon, 08/13/2018 - 20:00

In a world where it’s becoming increasingly common for automakers to use turbocharged six-cylinders, we appreciate Chevrolet continuing to offer the Tahoe and Suburban with a 5.3-liter V-8. That said, we’re also quick to admit the 6.2-liter is a more desirable engine. In the Tahoe RST Performance Edition, for example, it gets you an extra 65 hp and a sub-six-second 0-60 time. Now there’s a new way to get the larger engine in one of Chevy’s body-on-frame SUVs: the Premier Plus special edition.

Announced today, the Premier Plus special edition is available on both the Tahoe and Suburban. In addition to the 6.2-liter V-8 good for 420 hp and 460 lb-ft of torque, the Premier Plus package includes a 10-speed automatic transmission and GM’s Magnetic Ride Control suspension. To differentiate it from the rest of the lineup, Chevrolet also adds a two-tone black and mahogany interior with heated and ventilated seats, 22-inch wheels, a head-up display, and a number of chrome elements such as power steps and exhaust tips.

“Our customers have shown strong demand for both Tahoe and Suburban with the 6.2L V-8 option,” said Sandor Piszar, Chevrolet’s head of truck marketing and advertising, in a release. “Thirty-six percent of all Chevy full-size SUV special edition models are now sold with this engine. Premier Plus gives both Suburban and Tahoe customers another option to choose from with several added premium touches.”

Pricing won’t be cheap, though. The Tahoe Premier Plus starts at $75,395 including destination, $22,705 more than a base Tahoe. The $78,195 Suburban Premier Plus, meanwhile, carries a $26,300 premium over the base model. But if the extra power and premium features sound appealing, Chevrolet dealers are already taking orders, with production set to begin later this month.

Source: Chevrolet

The post Chevrolet Tahoe and Suburban Premier Plus Special Editions Get 6.2L V-8 Power appeared first on Motor Trend.

Categories: Property

Upcoming Baby Bronco Will Be Based on the Ford Focus

Motortrend News Feed - Mon, 08/13/2018 - 19:00

We’re certainly looking forward to driving the reborn Ford Bronco, but we have to admit there’s another Ford SUV that has our attention as well. It’s the Escape-sized SUV announced back in March that may or may not be built for actual off-roading. Details on this “baby Bronco” (teased in the above image) have been scarce for the last several months, but we now have an important one: It will be built on the recently redesigned Focus platform.

Reuters reports that, according to Hau Thai-Tang, Ford’s head of product planning and development, the Michigan-based automaker plans to introduce a Focus-based crossover with “rugged off-road styling.” The new model will reportedly share some parts with the Escape and will be priced at a premium. Thai-Tang also claimed the baby Bronco will have “off-road positioning and imagery,” but it’s still unclear how capable an off-roader it will actually be.

Thai-Tang gave a few other clues about styling, as well. Without revealing too much, he promised the design will be heavily influenced by the look of the original Bronco from the 1960s. Considering the only potential test mule we’ve seen so far looked less than rugged with its stretched and lifted Fiesta body, that’s great news. Based on the teaser, we suspect it will draw a lot of inspiration from Ford’s 2004 Bronco concept shown above.

It may seem odd for Ford to use the Focus platform as the basis for an off-road-focused vehicle, but it’s important to remember that modern platforms are much more flexible than in the past. The Porsche Cayenne, for example, is built around the same modular architecture as the Audi A4, but few people would accuse the Cayenne of driving like an A4. In addition to the baby Bronco, we’ve also heard the new Focus platform will underpin the upcoming all-electric crossover that might be called Mach 1.

But while we’ll probably have to wait at least a year to drive the baby Bronco, we could see it soon. It’s set to be revealed sometime in 2019 and go on sale as a 2020 model. So while there are no guarantees, keep an eye out for an official announcement this coming January as the 2019 Detroit auto show gets closer.

Source: Reuters

The post Upcoming Baby Bronco Will Be Based on the Ford Focus appeared first on Motor Trend.

Categories: Property

2019 Honda Civic Refreshed with New Styling, Sport Trim

Motortrend News Feed - Mon, 08/13/2018 - 18:00

The current-generation Honda Civic is about to receive its first refresh since debuting in late 2015. Along with an updated design, the sedan and coupe receive a new Sport trim and standard Honda Sensing on all trim levels.

At first glance, the refreshed Civic doesn’t look much different from its predecessor. But take a closer look and you’ll notice the upper front fascia wing is painted in black. The layout of the lower fascia has also changed; the vents are now integrated into a single unit rather than separated into three sections. Other updates include a full-width front splitter, chrome side pod accents, updated halogen or LED headlights, new wheel designs, and a chrome accent on the rear bumper of the sedan.

The Sport trim joins the lineup for 2019 with a number of unique styling details of its own. These include piano black accents on the lower front fascia, black 18-inch wheels, and for the sedan, an added rear decklid spoiler. There is also a splitter-style rear lower bumper that has a central exhaust finisher similar to the one on the Civic Si. Inside, Sport models receive an updated 7-inch infotainment screen and a volume knob that replaces the sliding mechanism on previous models.

Honda is positioning the Sport trim between the LX and EX, meaning it should be affordable. Although Honda hasn’t announced pricing for the 2019 Civic, 2018 prices ranged between $19,835 and $22,235 for the LX and EX sedans, or between $20,245 and $22,695 for the LX and EX-T coupes. Under the hood, the Sport model receives the base 2.0-liter naturally aspirated four-cylinder engine, and buyers can choose between a six-speed manual or CVT.

Honda Sensing is now standard across all trims of the Civic sedan and coupe. This package includes collision mitigation braking system with forward collision warning, road departure mitigation with lane departure warning, lane keeping assist, and adaptive cruise control. By the 2022 model year, Honda aims to make Honda Sensing technology standard equipment on all of its vehicles.

Source: Honda

The post 2019 Honda Civic Refreshed with New Styling, Sport Trim appeared first on Motor Trend.

Categories: Property

2019 Toyota Camry, Sienna add Apple CarPlay, Amazon Alexa

The Car Connection News Feed - Mon, 08/13/2018 - 17:13
The Venn diagram overlap between Toyota shoppers, Apple iOS users, and Amazon Prime members now includes the 2019 Toyota Camry mid-size sedan and 2019 Toyota Sienna minivan. According to Cars Direct, the 2019 Camry and 2019 Sienna will come with Apple CarPlay and Amazon Alexa compatibility when they go on sale this fall. MORE: Developer derby...
Categories: Property

2019 Honda Civic gets new look, standard active safety features, Sport trim

The Car Connection News Feed - Mon, 08/13/2018 - 17:13
Big changes are happening to one of America's favorite small cars. The new 2019 Honda Civic made its debut Monday with a slightly revised front and rear bumpers, standard suite of advanced safety features, and a new Sport trim for all body styles that was previously reserved for the Civic Hatchback. Honda didn't announce how much the 2019 Civic...
Categories: Property

2019 Chevrolet Silverado first drive: American work horse

The Car Connection News Feed - Mon, 08/13/2018 - 16:42
Wyoming is the American ideal for truck buyers. The sky is vast, the mountains big, and people have room to spread out. Any drive can pass by amber waves of grain with purple mountains’ majesty as their backdrop. It’s that beautiful. Chevrolet has designed the 2019 Silverado not for beauty, but to help Americans get work done. It's now...
Categories: Property