All Property Week articles in 15 April 2011
View all stories from this issue.
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Online
Whole Foods to open Fulham Broadway store
Upmarket grocery store Whole Foods has pre-leased a 22,000 sq ft on Fulham Broadway in London.
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News
Ireland’s stagnant market persuades NAMA to turn provider
Ireland’s National Asset Management Agency (NAMA) is exploring ways to provide mortgage finance to banks in an attempt to revive the republic’s moribund housing market
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News
Victoria hotel sale and leaseback
CBRE Hotels has been appointed to undertake a sale and leaseback of the four-star Hesperia Victoria Hotel in London at an asking price of £55m, reflecting a yield of around 6%. The proceeds of the sale of the 212-bed hotel, opposite Victoria station, will be used for reinvestment.
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News
USS’s Golden opportunity
Universities Superannuation Scheme has appointed Strutt Parker and King Sturge to let 15 Golden Square, a 40,000 sq ft office in London’s Soho. The building is being refurbished and the 8,500 sq ft first floor is on the market for around £65/sq ft.
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News
Five parties nearer park
Five heavyweight investors are understood to be lining up bids for one of the UK’s largest business parks
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News
F&C Reit does it itself
F C Reit Asset Management has bought three retail warehouse investments from Wereldhave for £13.95m – a yield of 8.2%. The properties are a B Q in Sheffield, a Wickes in Yeovil and a Focus in Burton upon Trent. CWM acted for F C Reit; Wereldhave was unrepresented.
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News
Henderson UK Fund’s double drop
Henderson Global Investors’ £180m UK Property Fund completed two sales this week. In Fulham, it sold the Point, a 24,000 sq ft office at 210 New Kings Road, to a special-purpose vehicle for £7.7m, reflecting a 4.4% initial yield. In East Kilbride, it sold the 150,000 sq ft Langlands Industrial ...
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News
Gateshead’s Evolution begins
Evolution Gateshead, a joint venture between housebuilder Galliford Try and affordable housing provider Home Group, has been appointed the preferred bidder for a £347m Gateshead housing programme. The partnership with Gateshead Council is expected to provide 2,400 private and affordable homes across 19 sites.
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News
Shell plans ‘meanwhile’ project on South Bank
Royal Dutch Shell this week announced a “meanwhile” project for the 43,000 sq ft that surrounds the Shell Centre on London’s South Bank
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Online
Green light for Newcastle's Science Central development
Newcastle City Council has granted outline planning permission to 1NG for its Science Central development in the city.
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Online
CLS raises £50m from Swedish bond issue and dividend payment
CLS Holdings, the European office property investor, has secured £50m of new money to fund its expansion.
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Markets
Zoo are you?
An agency tasked with increasing inward investment and tourism in Cheshire and Warrington was launched this month
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Insight
Shop vacancy rate slows but shows no sign of stopping
We have seen plenty of retailers in the news for both positive and negative reasons in the first quarter of this year
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Markets
Rescues Windsor Liverpool site from under water
Neptune Developments is close to agreeing deals on behalf of administrators to rescue the troubled former Windsor Developments Liverpool site
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Insight
Second Life: Property Professionals made redundant
Thousands of property professionals were made redundant in the recession. Anna Hodgekiss talks to three who went on to turn their fortunes around
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Markets
Iliad in student odyssey
Iliad Group’s proposals for a 262-bed student housing development in East Village, Liverpool, have been granted planning consent. The designs by Manchester-based Formroom Architects for the building on Kent Street include 36 individual studios, on-site management facilities, 28 underground parking spaces and communal student facilities.
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Markets
Marina launch for Holyhead
Developer Conygar Investment Company and ferry operator Stena Line are waiting to find out if they have the go-ahead to develop a new marina in Holyhead
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Professional
Government on neighbourhood watch
Neighbourhood plans have been derided as too bureaucratic and expensive to work
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News
Primary Health in good shape
Primary Health Properties has raised £15.6m from a placing of shares to fund new property purchases
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Markets
Going little helps Tesco
Knowsley Council has approved plans by Spenhill, Tesco’s development subsidiary, for a £200m scheme in Kirkby town centre. Tesco plans a 146,000 sq ft superstore and 90 retail and leisure units. Earlier plans were dismissed after a public inquiry in 2009. The scheme was reduced from 500,700 sq ft to ...