All Property Week articles in 12 June 2015
View all stories from this issue.
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OnlineBHS to review future of Oxford Street store
Department store group BHS is reviewing the future of its flagship store on London’s Oxford Street in a move that may result in the chain moving out of the West End site.
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OnlineInvestment company makes €80m bid for deserted Spanish airport
An investment company backed by property mogul Raymond Bloomfield has made a last ditch bid to buy the troubled Ciudad Airport in Spain for €80m.
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OnlineAEW Europe wins €200m mandate from German pension fund
AEW Europe’s German business has secured a mandate from pension fund manager ZVK to invest €200m in commercial real estate across Europe.
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OnlineLogicor confirms €300m Goodman portfolio buy
Blackstone’s Logicor has acquired a portfolio of 19 logistics assets in France and Germany from the Goodman European Logistics Fund in a €300m (£215m) deal, as tipped last month by Property Week.
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OnlineBarratt recruits new finance boss from William Hill
Barratt Developments has appointed Neil Cooper from betting shop owner William Hill as its new chief financial officer.
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OnlineSingaporean group snaps up Malmaison and Hotel du Vin for £363.4m
Frasers Hospitality has acquired the Malmaison Hotel du Vin group for £363.4m in a move that doubles the size of its hotel business in Europe.
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OnlineMarket Tech spends £31m on Open University acquisition
Market Tech Holdings, the property group that owns Camden Markets in London, has bought 1-11 Hawley Crescent for £31.1m.
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OnlineHML Holdings reveals 13% jump in profits
HML Holdings, the property management services group, has revealed a 13% leap in operating profit for the year to 31 March 2015.
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OnlineTritax raises £54m in final tranche of placing programme
Tritax Big Box has raised £54m in a share placing and revealed it is in “active discussions” to reduce its overall cost of borrowing.
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OnlineSafestore delivers double-digit revenue growth
A combination of higher prices and higher occupancy rates has helped Safestore deliver double-digit revenue growth.
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OnlineBerkeley Group shares close up more than 10%
Shares in Berkeley Group rocketed more than 10% on Wednesday after it surprised the market with “very positive guidance.”
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OnlineGVA owners to sell struggling power business
GVA’s owners Bilfinger have unveiled plans to sell their loss-making power business after a review by external consultants unearthed further substantial losses.
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NewsBuyers Square up for One St Peter’s
Investors are circling Manchester’s most prominent office building, One St Peter’s Square, which is expected to command a price of as much as £130m.
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OnlineTop roles at combined DTZ and Cushman & Wakefield revealed
John Forrester, Digby Flower and Colin Wilson have been appointed to top roles in the combined DTZ and Cushman Wakefield business.
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Online
Benson Elliot buys £35m Barking shopping centre
Benson Elliot, the UK-based private equity real estate fund manager, has acquired the Vicarage Field Shopping Centre in Barking for £35m in an off-market transaction with JV Lagmar.
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OnlineHenry Boot to develop next phase of Butterfield Business Park
The Crown Estate, Luton Borough Council and Butterfield Land have selected Henry Boot Developments to complete the next phase of development at the Butterfield Business Park and build out the remaining two thirds of the 90-acre site.
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Online
DTZ Investors buys £20m Brighton arcade
DTZ Investors has acquired the freehold interest in Dukes Lane, Brighton from a private fund for £20m. reflecting a net initial yield of 5.1%.
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Online
French banks back Tribeca with £98.8m loan
Aidan Brooks’ Tribeca Holdings has agreed a new five-year £98.8m financing secured against its Brompton Cross Estate.
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OnlineStrong profits send Berkeley shares surging over 8%
Shares in Berkeley Group have risen more than 8% after the housebuilder posted better than expected annual profits.
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OnlineSanctuary secures £50m loan from L&G
Sanctuary Group has landed a £50m, 25-year loan from Legal General’s lending arm, LGIM Commercial Lending Limited, secured against a portfolio of care homes.
