Property

Knight Frank bolsters resi development team with six new hires

Property Week News Feed - Thu, 02/15/2018 - 13:15
Knight Frank has expanded its regional residential development business with six new hires across its new homes, land and planning remits.
Categories: Property

Lendlease & Evans get green light for York’s first BTR scheme

Property Week News Feed - Thu, 02/15/2018 - 12:52
Lendlease and Evans Property Group have been granted planning permission to begin work on the first-ever build-to-rent development in York.
Categories: Property

Muse plugs in Premier Farnell for Logic Leeds site

Property Week News Feed - Thu, 02/15/2018 - 12:49
Muse Developments has secured a pre-let to electronics giant Premier Farnell for a new 361,000 sq ft distribution warehouse on its flagship Logic Leeds site.
Categories: Property

Strawberry Star joins International Stock Exchange & secures £260m mixed-use scheme

Property Week News Feed - Thu, 02/15/2018 - 12:30
London residential developer Strawberry Star has secured a listing on the International Stock Exchange with plans to raise £180m in equity, after exchanging contracts on the acquisition of a £260m mixed-use scheme in Luton.
Categories: Property

Spaces takes space at Scarborough & Metro's Acero

Property Week News Feed - Thu, 02/15/2018 - 11:50
Scarborough International Properties and Metro Holdings of Singapore have signed Spaces as the second tenant at their Acero building in Sheffield, which will be the serviced office provider’s first site in Yorkshire.
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White City Place welcomes restaurant duo for London debuts

Property Week News Feed - Thu, 02/15/2018 - 11:02
Two restaurants have signed deals with developers Stanhope and landowners AIMCo and Mitsui Fudosan to make their London debuts in White City Place.
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Boxpark Wembley gets green light

Property Week News Feed - Thu, 02/15/2018 - 10:29
The London Borough of Brent has granted planning approval for a Boxpark food and leisure venue to be developed within Quintain’s Wembley Park scheme.
Categories: Property

NewRiver REIT makes double retail park acquisition

Property Week News Feed - Thu, 02/15/2018 - 09:08
NewRiver has completed the acquisition of two retail parks in Dewsbury and Cardiff for a combined £26.5m.
Categories: Property

2017 BMW M2 Long-Term Update 5: Is the M2 Too Hard, Too Hot, And Too Pricey?

Motortrend News Feed - Thu, 02/15/2018 - 09:00

We love our M2, love its size, its blistered fenders, and really love its snarling 365-hp 3.0-liter N55 twin-scroll turbo-six. What might be hard to love is its $57,795 as-tested price. Recently, we reviewed a $48,070 (as tested) 248-hp turbo-four 2017 BMW 230i and came away delighted and mightily impressed, but we still felt like Goldilocks in search of juuust right. In an effort to complete our BMW 2 Series sample platter, we got a hold of a 2017 BMW M240i ($52,875 as tested). As its name suggests, it might be stealthy M Division car in a plain 2 Series wrapper. It’s powered by the new B58 3.0-liter single-turbo straight-six, and we believe it might be a little underrated at 335 hp.

At the dragstrip, we expected the M2 to leave the M240i flatfooted at the line and never look back. Our M2 has a seven-speed twin-clutch automatic with launch control and 265-width rear tires to use it: 0–60 in 4.1 seconds. By contrast, the M240i came with the standard six-speed manual and 245-width tires. Although the M2’s N55 and the M240i’s B58 engines’ horsepower vary by 30 (advantage M2), their torque ratings are identical at 369 lb-ft (at 1,450 rpm in the M2 and at 1,520 rpm in the M240i). They left the line at virtually the same rate.

As the M2 began to pull ahead, it shifted 1–2 near 30 mph. The M240i’s taller gears mean it doesn’t need to shift until closer to 40, so it gained back a little and reached 60 in 4.3 seconds. And so it goes; with the M2 carrying a narrow lead until … what’s this? The M240i catches the M2 at about 70 mph, and they both cross the quarter-mile finish line in 12.9 seconds (M2 at 106.2 mph, M240i at 110.5 mph). How? Horsepower should rule, right?

After a 10-email volley with technical director Frank Markus, we put it down to aerodynamics. See, the M2 has greater frontal area (2.21 square meters) and higher drag coefficient (0.35) resulting in 0.75 “air resistance.” For the M240i, BMW shows 2.14 square meters frontal area x 0.33 Cd = 0.71 “air resistance.” Is that it, or is the M240i (shown below in red) the budget M car its badge declares? We say the latter.

More on our long-term BMW M2: 2017 BMW M2 2017 BMW M240i BASE PRICE $53,495 $45,445 PRICE AS TESTED $57,795 $52,870 VEHICLE LAYOUT Front-engine, RWD, 4-pass, 2-door coupe Front-engine, RWD, 4-pass, 2-door coupe ENGINE 3.0L/365-hp/369-lb-ft turbo DOHC 24-valve I-6 3.0L/335-hp/369-lb-ft turbo DOHC 24-valve I-6 TRANSMISSION 7-speed twin-clutch auto 6-speed manual CURB WEIGHT (F/R DIST) 3,506 lb (52/48%) 3,487 lb (53/47%) WHEELBASE 106.0 in 105.9 in LENGTH x WIDTH x HEIGHT 176.2 x 73.0 x 55.5 in 175.9 x 69.8 x 55.4 in 0-60 MPH 4.1 sec 4.3 sec QUARTER MILE 12.9 sec @ 106.2 mph 12.9 sec @ 110.5 mph BRAKING, 60-0 MPH 101 ft 105 ft LATERAL ACCELERATION 0.99 g (avg) 0.94 g (avg) MT FIGURE EIGHT 24.0 sec @ 0.83 g (avg) 24.6 sec @ 0.77 g (avg) REAL MPG, CITY/HWY/COMB 18.7/29.8/22.5 mpg Not tested EPA CITY/HWY/COMB FUEL ECON 20/26/22 mpg 19/28/22 mpg ENERGY CONS, CITY/HWY 169/130 kW-hrs/100 miles 177/120 kW-hrs/100 miles CO2 EMISSIONS, COMB 0.87 lb/mile 0.87 lb/mile

The post 2017 BMW M2 Long-Term Update 5: Is the M2 Too Hard, Too Hot, And Too Pricey? appeared first on Motor Trend.

Categories: Property

2018 Infiniti QX60 AWD First Test: Spacious But Not Quick

Motortrend News Feed - Thu, 02/15/2018 - 09:00

The QX60 was Infiniti’s best-selling nameplate in the U.S. in January, though it’s not the most up-to-date. Despite a refresh for the 2016 model year, the interior design remains very similar to the original model that made its debut in 2013 when the SUV was still called the JX35. The infotainment system, CD player, and layout of the dash and center console betray its modern aspirations, making it feel dated compared with many rivals. But can the aging QX60 keep up with newer competitors such as the Volvo XC90, Buick Enclave, Acura MDX, and Lexus RX 350L on the road?

The interior might be old, but the QX60 has a new engine. For 2017, Infiniti dropped in a more powerful 3.5-liter V-6 with 295 hp and 270 lb-ft of torque. That engine is paired to a CVT, and on our tester, all-wheel drive. We clocked the QX60 hitting 60 mph from a standstill in 7.7 seconds.

Turns out the QX60 is slower than rivals. The quickest relevant competitor we’ve tested is the Acura MDX SH-AWD (6.2 seconds), followed by the Volvo XC90 T6 AWD Inscription (6.7 seconds). A little farther behind, the Buick Enclave Avenir AWD hit the mark in 7.0 seconds, and the new Lexus RX 350L managed a time of 7.5 seconds.

In the quarter mile, the QX60 recorded a time of 15.9 seconds at 90.3 mph. Once again, that’s behind the MDX at 14.7 seconds at 94.6 mph and the XC90 at 15.1 seconds at 90.4 mph. The Enclave ran the course in 15.4 seconds at 84.5 mph, and the RX 350L sealed the deal in 15.7 seconds at 91.1 mph.

Despite the results of our evaluations, the QX60 doesn’t feel underpowered. Drivers have plenty of juice to work with when getting up to speed on the highway, and the strong throttle tip-in only helps its case. Not to be mistaken for a gentle giant, the QX60 emits a rather aggressive, gritty engine noise that’s far from the sultry rumble of a sports car. Although not unusual for a three-row SUV, it requires a little more turning of the steering wheel to round a corner, and tight three-point turns are an exercise in fortitude. Generally, the QX60 drives quietly and handles reasonably on city and highway streets. Road imperfections cause some noticeable body roll, and you might feel some disturbance in the front end.

The brakes bite sharply, although as our test team noted, you’ll encounter a good amount of forward pitch. In our braking evaluation, the QX60 took 122 feet to stop from 60 mph, about on par with the MDX (121 feet) and better than the RX 350L (128). The XC90 took just 113 feet to come to a stop, however.

The EPA rates the QX60 at 19/26/22 mpg city/highway/combined. But our Real MPG tests showed the SUV underperforms this estimate. We achieved just 17.8/24.9/20.4 mpg. Although we haven’t Real MPG-tested the Volvo or Buick, the Infiniti came in below the Acura MDX and Lexus RX 350L, which earned 23.8 and 21.1 mpg in combined city and highway driving, respectively.

Of course, most buyers in this category will be willing to sacrifice fuel economy for interior space, which the Infiniti offers in spades, particularly in the second row. And it’s easy to get in the third row. The second-row seats move easily fore and aft by sliding the lever on the side of the seat. If there’s a child seat in the passenger side of the second row, you don’t have to remove it before climbing into the very back. This seat tilts, and the track is released so the seat can be neatly pushed forward all the way. But you have to make sure to lock all seats into position after moving them so they don’t slide around during the drive.

Speaking of safety, the 2018 Infiniti QX60 earned a five-star overall rating in government crash tests. This score broke down to a four-star rating in the frontal crash category, a five-star rating in the side crash category, and a four-star rollover rating. It also earned “Good” scores in every crash category tested by the Insurance Institute for Highway Safety, though it failed to earn a Top Safety Pick award because of its “Poor” HID headlights. It also hasn’t been rated in the new passenger-side small overlap front test, which measures what happens when the front right corner of the vehicle hits a tree or pole at 40 mph.

In the future, Infiniti will reposition itself as an electrified brand. But for now, SUVs are probably the strongest part of the brand’s identity. QX60 sales were up 38.4 percent last month, when sales of every other Infiniti vehicle, besides the QX80, dropped. Age might be working against it, but to a large degree, the QX60 is obviously satisfying customers’ insatiable appetite for SUVs.

2018 Infiniti QX60 3.5 (AWD) BASE PRICE $46,095 PRICE AS TESTED $60,670 VEHICLE LAYOUT Front-engine, AWD, 7-pass, 4-door SUV ENGINE 3.5L/295-hp/270-lb-ft DOHC 24-valve V-6 TRANSMISSION Cont variable auto CURB WEIGHT (F/R DIST) 4,621 lb (56/44%) WHEELBASE 114.2 in LENGTH x WIDTH x HEIGHT 200.1 x 77.2 x 68.6 in 0-60 MPH 7.7 sec QUARTER MILE 15.9 sec @ 90.3 mph BRAKING, 60-0 MPH 122 ft LATERAL ACCELERATION 0.78 g (avg) MT FIGURE EIGHT 28.3 sec @ 0.60 g (avg) REAL MPG, CITY/HWY/COMB 17.8/24.9/20.4 mpg EPA CITY/HWY/COMB FUEL ECON 19/26/22 mpg ENERGY CONS, CITY/HWY 177/130 kW-hrs/100 miles CO2 EMISSIONS, COMB 0.90 lb/mile

The post 2018 Infiniti QX60 AWD First Test: Spacious But Not Quick appeared first on Motor Trend.

Categories: Property

PHP produces healthy growth with 10.5% NAV increase

Property Week News Feed - Thu, 02/15/2018 - 08:16
Primary Health Properties has reported strong full-year results with a 10.5% rise in net asset value per share, and a 15.7% increase in earnings for the period to 31 December.
Categories: Property

Harrison Street seeks to move into build-to-rent and micro-flat markets

Property Week News Feed - Thu, 02/15/2018 - 07:05
US private equity firm Harrison Street has set its sights on breaking into other specialist residential markets in the UK this year.
Categories: Property

Safestore extends long-term incentive plan to more employees

Property Week News Feed - Thu, 02/15/2018 - 07:00
Safestore has increased the number of people in the business who stand to benefit from its long-term incentive plan to 55 following a shareholder rebellion against the self-storage giant’s executive pay policies.
Categories: Property

First Panattoni buys Elstree warehouse for record price

Property Week News Feed - Thu, 02/15/2018 - 06:53
he developer has paid more than £3m per acre for the former Sainsbury’s site just outside the capital.
Categories: Property

CBRE GI to sell Eagle House

Property Week News Feed - Thu, 02/15/2018 - 06:18
CBRE Global Investors has put an office and retail scheme in London’s St James’s on the market for £55m.
Categories: Property

Elysian spreads its wings in the UK

Property Week News Feed - Thu, 02/15/2018 - 06:15
US luxury retirement living developer Elysian Residences has stepped up its UK expansion by acquiring two new sites.
Categories: Property

Fusion Students expands its reach into co-living market

Property Week News Feed - Thu, 02/15/2018 - 06:10
The student accommodation specialist will deliver its first 850-bed mixed-use scheme in Sheffield.
Categories: Property

Volvo’s New V60 ad Might Backfire and Make you Want an old Volvo Instead

Motortrend News Feed - Thu, 02/15/2018 - 00:13

Today, Volvo released a 90-second teaser for the redesigned V60 wagon it plans to reveal next week. It’s short on specs, but you can probably assume the new V60 will be as impressive as the rest of Volvo’s lineup. It will probably look a lot like a smaller Volvo V90, use interior materials found in the XC60, and offer several familiar engine options. In our first drive review, we’ll probably tell you the V60 is a fantastic little wagon that you should seriously consider.

The problem is, even if you’re currently interested in Volvo’s newest wagon, you might change your mind after watching the video below. No, there aren’t major production quality issues, and no, you won’t see anything that makes the V60 look like a bad car. What you will see, however, is footage of several older Volvos that you’ll be tempted to buy instead. The emotional background music won’t help your nostalgia, either.

If you aren’t careful, the ad that Volvo made to sell a new wagon could lead to a quick Craigslist search for that 1800ES you’ve always wanted. Once you start browsing, there’s a chance you’ll find one that’s well-maintained and priced right. Before you know it, you might even find yourself handing over a cash-stuffed envelope in exchange for the keys to a Volvo that’s way older than the new V60 you’d been thinking about buying.

As far as we’re concerned, there’s nothing wrong with that. But Volvo’s marketing department might not necessarily agree.

Source: Volvo via YouTube

The post Volvo’s New V60 ad Might Backfire and Make you Want an old Volvo Instead appeared first on Motor Trend.

Categories: Property

Spied! Ford Focus Caught Completely Undisguised in Portugal

Motortrend News Feed - Wed, 02/14/2018 - 21:30

When Ford introduced the 2012 Focus, it was a big deal. For the first time in years, the U.S. got the same great compact car that Europe did. Seven years later, however, the Focus we were so excited to drive is now best described as “long in the tooth.” Thankfully, a redesigned version is on its way, and based on this spy shot, it’ll be a real looker.

According to a Google translation of Hungary’s Vezess, the above photo was taken by a reader in Portugal who appears to have caught Ford shooting a commercial or promo for the new Focus. It also sounds like the workers were less than thrilled to see him. “Hi, I think I saw the new Ford Focus in Cascais,” the reader wrote in an email to Vezess. “I was not able to observe more because they were chasing me. The woman in the middle yells not to take a picture.” But take a picture he did.

Compared to the current Focus, the car we see here has a much more premium, mature look that matches previous reports that the Focus would move upmarket. We see a little bit of Mazda3 in the flared fenders and sloping roof, but from this angle, the headlights have more of a Volvo or Kia Cadenza vibe. Overall, though, we like the look, especially in this color.

Interestingly, the car appears to have been debadged, but the body lines do match previous Focus prototype spy shots that we’ve seen. If you look closely at the wheels, it also looks like a Ford logo has been covered up.

With the Focus clearly production-ready, a Geneva Motor Show debut would make sense. But based on what we’ve heard, Ford actually plans to skip Geneva and reveal the new Focus in April. Sadly, if Ford handles the Focus reveal like it did with the new Fiesta, we may have to wait on U.S. specs. If so, let’s hope the Focus ST doesn’t suffer the same fate as the Fiesta ST.

Source: Vezess

The post Spied! Ford Focus Caught Completely Undisguised in Portugal appeared first on Motor Trend.

Categories: Property

Subaru Teases VIZIV Tourer Concept – Could it be the WRX Wagon?

Motortrend News Feed - Wed, 02/14/2018 - 20:45

Subaru teased its latest concept ahead of its world debut at the Geneva International Motor Show on March 6. Called the VIZIV Tourer Concept, we expect this model to be a wagon, possibly previewing an upcoming Impreza wagon or even a WRX wagon.

The Tourer Concept comes after the VIZIV Performance Concept that debuted at the 2017 Tokyo Motor Show and the VIZIV Performance STI Concept that debuted at Tokyo Auto Salon, previewing the next-generation WRX and STI, respectively.

With only a shadowy image of the rear driver-side taillight, Subaru is not giving us much, but we can see a body panel gap that wraps around the taillights and highly raked rear glass–possible signs that this concept is a wagon. The previous concepts did not have these design characteristics. On top of that, the Tourer name could also be a hint that this is a D-pillared variant. The taillights are still C shaped but the design has been tweaked a little.

If it is a WRX wagon, Subie fans around the globe should rejoice as that body style hasn’t been offered since 2007. The third-generation WRX came in a hatchback version, but by the next generation the model was only available as a sedan. It’s also possible the concept previews the next-generation Levorg, a hot Legacy wagon variant that never made it to the U.S.

Engine details have yet to be released, but we expect the next STI to pack some kind of performance hybrid powertrain. The next WRX and STI will be built on the new Subaru Global Platform that the Subaru Impreza and Crosstrek already ride on.

Let’s hope Subaru sticks closely to these impressive looking concepts when the final product is finished. We were slightly disappointed when the current-generation WRX didn’t look much like the WRX concept from a few years ago.

But don’t start calling your local Subaru dealership yet. The next-generation Subaru WRX and STI are still at least two and a half years away from reaching our shores, and there is a chance that wagon variants will stay far away from the SUV- and crossover-loving North American market.

Subaru VIZIV Performance Concept and Performance STI Concept pictured below.

Source: Subaru

The post Subaru Teases VIZIV Tourer Concept – Could it be the WRX Wagon? appeared first on Motor Trend.

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