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UK Daily News Snapshot

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GN & RB has revealed plans for a 123-bedroom hotel with a gym, restaurant and bar at the site of the former HMRC tax office in Newport (South Wales Argus)

Plans for 123-bedroom hotel with a gym, restaurant and bar at former tax office in Newport | South Wales Argus

The Ministry of Housing, Communities and Local Government has launched a consultation on leasehold reform with proposals to cap ground rents of new build homes at £10 (Government Press Release/Property Week)

Communities Secretary signals end to unfair leasehold practices - GOV.UK  and Brokenshire begins leasehold consultation with £10 ground rent cap | Online | Property Week

Newcore Capital Management has launched a £100m value-add fund focused on real estate linked to social infrastructure, storage and accommodation (Property Week/EGi)

Newcore Capital Management launches £100m investment fund | Online | Property Week and Newcore Capital launches £100m fund

Investra Capital, acting on behalf of clients, has brought to market two portfolios of seven Wickes retail warehouses - five sites in the South of England for £27.6m, a 5.5% net initial yield, and two sites in Norwich and Corby for £9.85m, a 5.25% net initial yield  (CoStar)

http://www.costar.co.uk/en/assets/news/2018/October/Investra-portfolio-sales-have-Wickes-name-on-it/

InfraRed Capital Partners has reached the final closing of its latest real estate fund, InfraRed Active Fund IV, with total equity commitments of £522m, exceeding its £500m target. The fund will continues its strategy of "focusing on intensively managed, high value-add opportunities in core markets, primarily in Germany, France and the UK" (CoStar)

http://www.costar.co.uk/en/assets/news/2018/October/InfraReds-latest-European-real-estate-fund-closes-on-522m-/

Bank of London and The Middle East, advised by Savills, has acquired 1 Atlantic Quay, a 121,737sq ft office building in Glasgow, from MREFIII, a fund managed by Moorfield Group, for £55m (CoStar)

http://www.costar.co.uk/en/assets/news/2018/October/Bank-of-London-and-The-Middle-East-buys-Glasgow-Atlantic-Quay-offices/

Reuben and Morgan (Lancaster Street) has submitted new plans which would see 549 student bed spaces created on a 7,921 sq ft site bounded by Lancaster Street and Lawson Street in Birmingham's Gun Quarter (Insider Media)

24-storey tower plan revealed for city centre | Insider Media Ltd

Just as he was scheduled to enter the witness box, Robert Tchenguiz agreed to withdraw his claims against Grant Thornton - which he had accused of taking part in a conspiracy to persuade the Serious Fraud Office to launch an investigation into his business dealings (EGi)

Robert Tchenguiz to withdraw claims against Grant Thornton

Spaces has taken 42,000 sq ft at The Foundry - a 114,500 sq ft office which forms part of AXA IM – Real Assets’ new three acre Hammersmith estate Assembly London (Property Week)

Spaces takes 42,000 sq ft in Hammersmith | Online | Property Week

On behalf of administrators at Begbies Traynor, Davis Coffer Lyons has been appointed to dispose of the six Bierkeller venues - in Leeds, Liverpool, Manchester, Birmingham, Nottingham and Harrogate - on a leasehold basis, either individually or as a group (Property Week)

Agents appointed after Bierkeller administration | Online | Property Week

Transport for London has announced a tie up with Pocket Living to build what it termed "100 per cent genuinely affordable homes" for first-time buyers (CoStar News)

CoStar UK - The Leader in Commercial Property Information

Arlington has completed construction of a 69,000 sq ft head office/production/distribution centre for Air Business at Hatfield Business Park, Hertfordshire (CoStar News)

CoStar UK - The Leader in Commercial Property Information

Figures from the Leeds Office Agents’ Forum show that strong occupier demand continued in the third quarter of 2018 -

Leeds’ city centre office market recorded 191,464 sq ft of take-up, taking the year-to-date total to 528,654 sq ft (CoStar News)

CoStar UK - The Leader in Commercial Property Information