All Property Week articles in 09 May 2014
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Nordea to offload Harper Collins HQ
Nordea Property Investment has appointed JLL to sell the freehold interest in 77 Fulham Palace Road, London. The sale comprises a three-acre office estate in Hammersmith which has never been traded since its original construction in the early 1990s. It includes four office buildings, extending to approximately 195,000 sq ft. ...
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Reading Bridge House sells for £35.2m
M G Real Estate has bought Reading Bridge House from Lumina Real Estate Capital and Wrenbridge for £35.2m.
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Hair and beauty firm cuts deal at Airedale House
Hair and beauty supplier Sally Salon Services has agreed to take a 6,196 sq ft retail unit at Airedale House, Leeds. The building comprises 26,337 sq ft of retail space and 15,056 sq ft of office accommodation. Other tenants include Slater Menswear and Co-op Travel. Bridges Sustainable Property Fund, part ...
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Staines site bought for 430,000 sq ft development
Melford Capital Partners and Mercer Real Estate Partners have bought the Majestic House site in central Staines for a purchase price understood to be in excess of £10m.
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Remaining Paul Simon stores to close
Furniture retailer Paul Simon has announced the closure of its remaining 22 stores after administrators failed to find a buyer for the assets.
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Blackstone to buy Deutsche’s $1.73bn Las Vegas casino
Deutsche Bank has sold its Las Vegas casino to Blackstone Real Estate for $1.73bn.
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Farringdon Road NCP car park bought for redevelopment
Developer and investor Endurance Land has acquired an 81,000 sq ft car park building on Farringdon Road, London, for redevelopment.
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DTZ hires La Frenais for retail agency team
DTZ has appointed former JLL retail head Stuart La Frenais as a senior director in its UK retail agency team.
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Prologis buys shed at Heathrow
Industrial developer and operator Prologis has acquired 171,500 sq ft of distribution space at Lakeside Industrial Estate, Colnbrook from SWIP Property Trust and Centurion Properties.
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L&G agrees £51m debt facility for care home operator
Legal & General has agreed a £51m 10-year debt facility to the LNT Group, the parent company to care home operator Ideal Carehomes.
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New River’s shareholder return hits 55%
New River Retail reported a 55% shareholder return in its annual results this morning.
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Dixons Retail and Carphone Warehouse in £3.8bn merger
Dixons Retail and Carphone Warehouse have announced they are to merger in a deal that will value the new company at £3.8bn.
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DRC Capital raises £487m debt fund
DRC Capital has announced a final close of its European Real Estate Debt Fund II, having raised £487m.
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Ramboll walks into 240 Blackfriars
Ramboll UK has taken 31,140 sq ft of space at 240 Blackfriars Road on the South Bank, as tipped by Property Week .
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Kennedy Wilson Europe Real Estate delivers first interim management statement
Kennedy Wilson Europe Real Estate delivered its first interim management statement since its £1bn float in February.
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Land Securities moves into “de-risk” mode as London market heats up
Land Securities put out a strong set of annual results this morning and signalled that the cycle was approaching its peak.
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Roydhouse appoints contractor for £100m Central Square scheme
Roydhouse Properties has appointed Wates Construction as its main contractor on its £100m Central Square development on Wellington Street, Leeds.
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Stanhope to develop Gloucester transport hub
Gloucester’s local enterprise partnership (LEP) has award £3m to Stanhope Developers to build a new transport hub in the city centre.
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Oaktree and Patrizia bag Winnersh pre-let
Oaktree Capital Management and Patrizia have secured their first office letting at Winnersh Triangle with a 70,000 sq ft prelet deal to blue-chip aerospace and defence organisation Rockwell Collins.
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Ritchie joint venture buys £60m resi portfolio
A £60m Central London residential portfolio codenamed “Tofty”, has been bought in an off market transaction by Residential Land in its joint venture with Apollo Real Estate Group and Ivanhoe Cambridge, Property Week understands.