Global property consultancy Knight Frank has announced that Rory Penn will succeed William Beardmore-Gray as the firm’s senior partner and group chair in April 2027.
The 2026 draft local rating lists have landed, and one thing is already clear: the receipts and expenditure method, once a niche valuation approach used only for a handful of specialist assets, is now one of the most consequential forces in the business rates system. For many properties, it has become the driver of the biggest increases in rateable values ever seen.
Investec Bank, the international financial services provider, has appointed Joe Armstrong as head of capital raising for its real estate equity platform REALIS, effective immediately.
Architect Frank Gehry is remembered for an ability that won him worldwide acclaim for designing buildings that appear to defy gravity, with extreme curves and walls so steeply angled they seem to be falling over.
In response to the Grenfell tragedy the Building Safety Act 2022 introduced sweeping reforms to improve the safety of people living in multi-occupancy buildings. Obligations to remediate historic building safety risks, a new gateway regime to control construction and refurbishment and a stringent duty-holder regime for the management of higher risk buildings are now mandated priorities for anyone involved in the development, ownership or management of residential property.
The Supervisory Board of Unibail-Rodamco-Westfield has appointed Kathleen Verelst as chief investment officer with effect from January 1. She will also become a member of the management board.
LaSalle Investment Management, the global investment management business of real estate services firm JLL, is making a change at the top, with Brad Gries promoted to global chief executive and Tim Kessler to president.
Rapleys has increased its presence in Cardiff with a building surveying team comprising Richard Frost as partner, Jack Rowe as associate partner and Rhys Davies as associate. The trio joins from Avison Young.