Dominic Plaskota

Guildford

Reporter at Estates Gazette

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Articles

Industry veterans launch developer venture

1 week ago | estatesgazette.co.uk | Dominic Plaskota

A former development director at General Projects and the founder of developer FORE Partnership have joined forces to found a new developer called MORE. The new business created by Ben Cross, ex-architect and former development director at General Projects, and Basil Demeroutis, former aerospace engineer and founder of developer FORE Partnership, is marketing itself as a disruptor. “The traditional development model wasn’t built to solve the challenges we face today,” said Cross.
M&G looks to sell City block

1 week ago | estatesgazette.co.uk | Dominic Plaskota

M&G Real Estate has brought a City of London office block at 36 Queen Street, EC4, to market for £45m, as it looks to exit the asset at a discounted price. M&G has appointed JLL to lead a sales process involving between five and 10parties. The 46,000 sq ft, seven-storey asset is being offered at a discount of nearly 20% on the price originally paid by the M&G.
REIT bosses on a market upturn

1 week ago | estatesgazette.co.uk | Dominic Plaskota

After a week packed with results, Estates Gazette spoke to bosses from REITs Great Portland Estates (GPE), Helical and British Land, about the strategies which shaped their year, from partnering with equity partners to prudent risk-taking. “What we learned about REITs is, you either need to be very big with a very low-cost base or you need to do a lot. We’re opting for the ‘do a lot’ model,” said James Moss, Helical’s new chief financial officer.
Flex offices: To broker or not to broker

1 week ago | estatesgazette.co.uk | Dominic Plaskota |Kent East

Industry figures say the broker model needs to improve and adapt to an increasingly digitised flex office market and growing flex operator brands, after WeWork owner Yardi’s regional director called to “disintermediate” brokers. Justin Harley, regional director for co-working and residential at Yardi, the majority owner of WeWork, called for the sector to cut out the middlemen to improve efficiency and cut costs at the annual Flexible Space Association conference earlier this month.
Newcore sells duo of Greater London industrial open storage assets

1 week ago | estatesgazette.co.uk | Dominic Plaskota

UK investment manager Newcore Capital has sold two industrial open storage (IOS) assets in Greater London for a total of £22m, part of its Newcore Strategic Situations IV value-add fund. The first sale concerned an 11.45-acre asset in Ickenham, sold for £10m to an owner-occupier industrial plant and machinery hire business. Newcore acquired the site in August 2021 when it was a disused former R&D facility.
Crosstree acquires Argyll in £330m deal

1 week ago | estatesgazette.co.uk | Dominic Plaskota

Crosstree Real Estate Partners has acquired serviced office provider Argyll from Alpine Grove and The Baupost Group in a deal understood to be worth around £330m. The deal gives the investor control of a portfolio of 25 prime London assets, including listed buildings such as the Grade II listed 33 St. James’s Square, SW1, which is held on a freehold basis, along with nine other assets within the portfolio.
British Land optimistic despite predicting flat earnings

2 weeks ago | estatesgazette.co.uk | Dominic Plaskota

British Land highlighted strong retail park valuation growth and an inflection in campus valuations as it struck an optimistic tone in its financial results for the year to 31 March – despite predicting “broadly flat” earnings for the year to come. The REIT’s portfolio values rose by 1.6%, with 1.5% of the growth coming in the second half of the year. Retail parks saw the sharpest growth at 7.1%, while retail and London urban logistics came in at 5%.
Knight Frank appoints head of global capital markets

2 weeks ago | estatesgazette.co.uk | Dominic Plaskota

Knight Frank has appointed Nick Braybrook to lead its global capital markets team after more than three decades at the firm. Already head of the London capital markets and development team, Braybrook will now lead the firm’s 250-plus global capital markets team, while also continuing his responsibilities heading up the team in London. Braybrook will work closely with the company’s capital markets heads based in six regions around the world, as well as Knight Frank’s capital advisory team.
Wakefield Council and Muse sign pre-development agreement

2 weeks ago | estatesgazette.co.uk | Dominic Plaskota

Developer Muse and Wakefield Council have signed a pre-development agreement as part of the next step of the council’s regeneration plans for the city. Earlier this year Wakefield announced it had appointed Muse as its strategic regeneration partner as it looks to deliver the next phase of major regeneration projects across the city.
Charles Tyrwhitt buttons up deal for Southbank HQ

2 weeks ago | estatesgazette.co.uk | Dominic Plaskota

Charles Tyrwhitt is relocating its 240-person head office to Landsec’s The Forge at 105 Sumner Street in Bankside, SE1, amid a flurry of lettings in the building totalling 61,000 sq ft. The company has agreed to take 18,680 sq ft in the building, which will see the company move away from its office at 55 Tooley Street, SE1.