16 March 2012
Property Week
View all stories from this issue.
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Government committee: Crown Estate should relinquish Scottish marine assets
19 March 2012
The Crown Estate should devolve and decentralise its marine and ancient rights and responsibilities in Scotland a government report published today has stated.
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A victory for common sense: the arrival of the National Planning Policy Framework
16 March 2012
After a year mired in controversy, the National Planning Policy Framework is expected next week. Sarah Townsend and Patrick Gower reveal that the final version should please the property world
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Adrian Wyatt: Sustainable business is the only business
16 March 2012
“If the choice is between cooking alive and wasting money unnecessarily, I would rather waste some money, because long before we cook, we are going to kill each other if we don’t deal with climate change.”
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All Star bowls into Manchester
16 March 2012
All Star Lanes has taken a 19,000 sq ft unit at the Great Northern Warehouse in Manchester, its first location outside London.
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Argent's Google bamboozle
16 March 2012
Argent’s Roger Madelin tantalised MIPIM delegates when he hinted at a letting to “a company whose name begins with ‘G’ and ends with ‘E’”
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Aviva cuts lone figure in Poland
16 March 2012
Aviva Investors has taken control of a Polish retail joint venture once valued at £286m from John Cutts’ collapsed developer, Parkridge.
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Baker cooks up expansion
16 March 2012
Cupcake bakery Lola’s plans to expand across London and open six sites.
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Bank puts former Miller Group's Market Gates mall into administration
13 March 2012
Market Gates Shopping Centre, formerly owned by Miller Group, in Great Yarmouth has gone into administration.
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Barca's Messi finances
16 March 2012
Sir Howard Bernstein quips at MIPIM talk
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Barclay Brothers and Quinlan “joined at the hip” in NAMA Claridges deal, court hears
19 March 2012
The billionaire Barclay brothers and Irish property entrepreneur Derek Quinlan were “joined at the hip”, the High Court heard today, in a deal which saw the brothers attempt to wrest control of the company that owns £1bn of five-star luxury hotels.
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Barratt close to landing NAMA’s Old Street Eagle House
16 March 2012
Ireland’s “bad bank” shortlists two parties for £65m stalled residential scheme. Nick Johnstone reports
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Being green is for life, say property’s eco warriors
16 March 2012
Being green is not just a job for four of property’s environmentally conscious heroes, but a way of life. They told Sarah Stewart how they do it
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Bidders in line for Basingstoke shopping mall
16 March 2012
Bidders are lining up to buy Grosvenor’s £300m Festival Place shopping centre in Basingstoke.
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Blackstone frontrunner for £330m Devonshire Square
22 March 2012
Private equity giant Blackstone is the preferred bidder to buy Aon’s current London HQ Devonshire Square in the City of London for £330m, propertyweek.com can reveal.
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Blackstone to buy €100m US loan portfolio
19 March 2012
Blackstone is close to agreeing a deal to buy €100m of US property loans from French bank Société Générale.
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Blackstone turns oil to gold
16 March 2012
Stellar rent agreement with Aker at Chiswick Park would prompt speculative development and possible sale
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Blue-blooded green venture that went into the red
16 March 2012
It was supposed to be the most blue-chip and blue-blooded of funds and to have the most noble of intentions.
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Blueprint for new Oxford Street block
16 March 2012
Plans are being drawn up to create a 10,000 sq ft retail flagship store on London’s Oxford Street.
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BNP Paribas Real Estate agrees US alliance
20 March 2012
BNP Paribas Real Estate has strengthened its presence in the United States by signing an alliance agreement with Transwestern.
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Boris’s development body to move to Westfield
14 March 2012
London’s Mayoral Development Corporation has signed a 21,000 sq ft office lease with Westfield at its Stratford City complex in the east of the capital.
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Britannia buys Scarborough hotels
20 March 2012
Britannia Hotels has picked up two hotels based in Scarborough from administrators, TheBusinessDesk.com reported today.
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Bubba Gump Shrimp to open in Leicester Square
20 March 2012
US fish restaurant chain Bubba Gump Shrimp, which is based on a company in the film Forrest Gump, has signed to open its first UK restaurant and shop on London’s Leicester Square.
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BUDGET 2012: £270m boost for stalled developments fund
21 March 2012
A £500m fund to help kickstart stalled developments across the country will be increased to almost £800m, the chancellor announced today.
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BUDGET 2012: Candy - 'Banker-bashing replaced by property-bashing'
21 March 2012
Candy & Candy co-founder Nick Candy today slated chancellor George Osborne’s sharp increases in stamp duty on homes worth more than £2m in today’s Budget.
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Budget 2012: Cities tsar Heseltine to lead review on economic growth
21 March 2012
Former deputy prime minister Lord Heseltine will conduct a review of how Whitehall and other public bodies can work better with the private sector to boost local growth.
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BUDGET 2012: Government to simplify carbon tax
21 March 2012
The Chancellor George Osborne today said the government will consult on simplifying the CRC Energy Efficiency Scheme to reduce administrative burdens on business.
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BUDGET 2012: Land auction scheme resurrected
21 March 2012
The government has resurrected the land auction scheme announced in last year’s budget and aims to have two sites “ready for market” by the end of the year.
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BUDGET 2012: New £70m development fund for London
21 March 2012
A new, £70m fund to boost development in London will be set up, the chancellor announced today.
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BUDGET 2012: Osborne announces UK growth forecasts
21 March 2012
Chancellor George Osborne has announced UK growth forecasts of 0.8% this year, 2% for 2013 and 2.7% in 2014.
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BUDGET 2012: Osborne introduces 15% stamp duty tax
21 March 2012
Chancellor George Osborne has introduced a 15% stamp duty tax on homes worth more than £2m that are bought through a company.
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BUDGET 2012: The industry responds
21 March 2012
A selection of expert reactions to the key Budget issues that will have an impact on the property industry.
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BUDGET 2012: Treasury to consult on social housing REITs but not mortgage REITs
21 March 2012
The Treasury said today it planned to consult on the role REITs can play in supporting the social housing sector, but it has overlooked mortgage REITs.
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BUDGET 2012: Victory for PW planning campaign
21 March 2012
The chancellor George Osborne today said the government would be pressing on with the presumption in favour of sustainable development – as campaigned for by Property Week.
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BUDGET 2012: Whitehall allocates £150m for TIF funding tool
21 March 2012
The government will make £150m available for new Tax Increment Financing (TIF) powers for councils to fund new infrastructure development.
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BUDGET BULLETIN: The impact on property explained
21 March 2012
Join Property Week’s Giles Barrie and Patrick Gower as they explore the key points affecting the property sector from today’s Budget announcement.
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Budget needs to ensure Green Deal is the real deal
16 March 2012
It is that time of year again: when advocates of the green economy hold their breath, cross their fingers and pour themselves a large, bracing measure. Deep down they expect to be underwhelmed at best, and utterly deflated at worst.
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Caddick buys development land in Scarborough
15 March 2012
Caddick Developments has bought 23 acres of land at the Scarborough Business Park, TheBusinessDesk.com reported today.
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Camden’s Koko finds Russian buyer
16 March 2012
The former Russian deputy finance minister has bought a grade II-listed music venue in London that was formerly known as the Camden Palace.
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Canary Wharf courts tech occupiers for Wood Wharf
16 March 2012
Group hopes tailor-made schemes will lure City fringe start-ups. Hardeep Sandher reports
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Canary Wharf recruits Lunson Mitchenall partner as head of retail leasing
22 March 2012
A Lunson Mitchenall’s retail partner has quit the agency to go in house at one of its key clients, Canary Wharf Group.
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CapCo gets council rubber stamp for Earls Court plans
20 March 2012
Capital & Counties today said that the London Borough of Hammersmith & Fulham had adopted a new policy document that will help bring forward its huge Earls Court development.
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CapCo in Covent Garden cinema swap
21 March 2012
Capital & Counties has bought three more assets for in London’s Covent Garden, in a swap deal that includes the Odeon cinema on Shaftesbury Avenue.
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Celebrate the good, but neglect the bad and things could turn ugly
16 March 2012
The good: The City of London now boasts some of the best buildings on the planet.
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Central London shops drop by 10%
12 March 2012
The number of shops on Central London high street has dropped by 10% in the last five years, Colliers International’s Central London Retail Health Check research has shown.
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Channel Islands Property Fund makes third buy
13 March 2012
The Channel Islands Property Fund (CIPF), the only fund focused on the Channel Islands commercial property market, has made its third purchase.
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Chelsfield to develop 3m sq ft of east London “branded pavilions”
19 March 2012
Sir Stuart Lipton’s Chelsfield Partners has been selected as the preferred bidder to develop the 50 acre Silvertown Quays site, under plans to introduce a new concept of branded commercial space to east London.
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Chiswick Park sparkles for Swarovski
16 March 2012
Swarovski has signed for a 16,896 sq ft new head office at Blackstone’s Chiswick Park.
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City of the rising sun: Mitsui Fudosan and Stanhope
16 March 2012
Mitsui Fudosan UK and partner Stanhope aim to develop prime City of London sites. Hardeep Sandher met the men behind the joint venture. Photograph by Dean Belcher
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City Property Association elects new president
22 March 2012
City Property Association has elected Ann Minogue, partner at law firm Ashurst, as its new president.
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Citypoint spots Beacon of hope
16 March 2012
9 Bondholders would profit from innovative £535m debt restructuring of City tower
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Colliers gives white knight FirstService two more weeks to complete deal
20 March 2012
Colliers International UK’s fate has been delayed for another two weeks.
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Colliers poaches West End director from JLL
13 March 2012
Collier International has poached a director from Jones Lang LaSalle to lead its project management business.
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Comet could exit a third of its stores
21 March 2012
Electricals retailer Comet has put a third of its stores up for sale.
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Cordea Savills sets up property lending business
19 March 2012
Cordea Savills has become the latest fund manager to set up a property lending business.
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Corporate takeovers to be key theme of 2012, JP Morgan says
15 March 2012
Corporate takeovers in the listed sector will be a key theme of the year, JP Morgan said today, with Big Yellow, Helical Bar, Hammerson, Metric and Workspace being prime candidates.
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Corporates aspire to green dream
16 March 2012
Unilever, Google, Coca-Cola and IBM are stepping up eco-friendly plans. Rachel Hunter reports
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CPD Module 2 : Facilities management and sustainability – Is it business as usual?
16 March 2012
From eco-conscious consumers to regulation-happy politicians, businesses have never come under more pressure to embrace the sustainability agenda. Ignoring this is a business risk.
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Crown Estate unveils £400m St James's plans
16 March 2012
The Crown Estate has today unveiled plans for a £400m redevelopment of three sites in St James’s which will deliver 300,000 sq ft of speculative mixed use space in the west end.
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CSC unveils leisure development at Lakeside
20 March 2012
Capital Shopping Centres has unveiled plans for a new leisure space at Lakeside, in Thurrock.
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CSC’s Fischel and Segro’s Sleath take £1.25m apiece
16 March 2012
But both companies plan to review remuneration policy in 2012
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CSC's Metrocentre boss dies from heart attack on football pitch
22 March 2012
Tim Lamb, Capital Shopping Centres’ Metrocentre general manager, has died after suffering a heart attack while playing football.
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Cushman markets its own home
16 March 2012
Cushman & Wakefield’s London West End home will go up for sale next week with a price tag of more than £128m.
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Cushman's Euro chief Bacon to leave
21 March 2012
Cushman & Wakefield this evening announced changes to its global top team, with European chief Paul Bacon due to step down on July 1.
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Don’t mention the mansion tax
16 March 2012
Sir, As the Budget approaches, we need to dispense with the emotive and misleading description “mansion tax”, which overheats Tory blood.
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DTZ poaches Strutt & Parker partner
13 March 2012
Strutt & Parker partner James Renison is to leave the company to join DTZ as its head of south east office agency, PropertyWeek.com can reveal.
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Durham designer shop’s Scot debut
16 March 2012
Van Mildert, the north-east-based designer fashion boutique, has signed for its first store in Scotland, at Silverburn shopping centre.
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Easter cracks after Lloyds exit
16 March 2012
Lender calls in administrators on industrial and business park developer’s underwater assets
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Eco champion Wyatt turns editor for a day
16 March 2012
Guest editor Adrian Wyatt visited Property Week headquarters on Monday to see this week’s issue to press
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ECOBUILD Blog: Sustainability sinking into alphabet soup
20 March 2012
My first visit to Ecobuild today left me intrigued by a world which is sinking into an alphabet soup – a regulatory morass.
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ECOBUILD: "The writing's on the wall for the property industry" says Wyatt
21 March 2012
“The writing is on the wall for the property industry”, Quintain chief executive Adrian Wyatt has warned, unless it adapts to the sustainability demands of occupiers.
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ECOBUILD: Cost of carbon zero is too high, says Barratt chief
22 March 2012
Building sustainable homes is still too expensive, Mark Clare, chief executive of Barratt Homes, has said at bthe EcoBuild conference.
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ECOBUILD: Heathrow extension is the "economic and environmental" answer says Wyatt
20 March 2012
Adrian Wyatt, chief executive of regeneration specialist Quintain, said today that a proposed third runway at Heathrow was the “green” answer to London’s problem of aviation capacity.
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ECOBUILD: Property needs to "up the pace" to hit carbon targets says Salway
22 March 2012
Different levels of business rates should be introduceed to encourage the property industry to hit ambitious carbon reduction targets, outgoing Land Securities chief executive Francis Salway has said.
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Evans Property Group sells Tesco's Lichfield facility
13 March 2012
Evans Property Group has sold a 700,000 sq ft Tesco distribution unit for £46.2m, TheBusinessDesk.com reported today.
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Exemplar’s W double act
16 March 2012
Exemplar Properties is in talks with the Crown Estate to become development manager for the second of two large retail and office blocks on London’s Regent Street.
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Experts Budget for mortgage REIT consultation
16 March 2012
The Treasury could announce a consultation on the introduction of mortgage REITs to the UK in next Wednesday’s Budget, experts believe.
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Farrell to plan Ally Pally revamp
21 March 2012
Sir Terry Farrell has been hired to draw up plans for the redevelopment Alexandra Palace, the events venue in north London.
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Fashion Arena Outlet Centre near Prague to be sold for €76.5m
13 March 2012
The Fashion Arena Outlet Centre near Prague in the Czech Republic has been put up for sale for around €76.5m.
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First for forum as full figures for 2011 filed
16 March 2012
The Manchester Office Agents’ Forum has released its full, annual take-up statistics for the city centre (graphs 1) and out-of-town markets (graphs 2) for the first time.
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Four Seasons plans to go whole securitisation hog
16 March 2012
Lender RBS to consider “whole-business” securitisation to refinance £725m of debt, or outright sale
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Foxtons hunted for second time by BC backers
19 March 2012
Private equity firm BC Partners is buying back a majority stake in estate agent Foxtons for between £55m and £75m, after losing control of it in 2010.
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Game files notice of intent to appoint PWC as administrator
21 March 2012
Game has today filed notice of intention to appoint administrators, with accountancy firm PWC being lined up for the task.
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Game suspends trading on the stock exchange
21 March 2012
The retailer Game has this morning suspended trading on the London Stock Exchange because “there is no equity value left in the group”.
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German government to sell €1.76bn property company
13 March 2012
The German government is to start the sale of its €1.76bn property management company next month, as part of its deficit reduction plan.
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Giles Barrie on Ecobuild
16 March 2012
Land Securities chief executive Francis Salway, Lend Lease Europe head Dan Labbad and Barratt chief executive Mark Clare will be there.
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Glaxosmithkline gives £350m shot in the arm for UK manufacturing
22 March 2012
Drugs giant GlaxoSmithKline has revealed plans to open a £350m factory in Ulverston, Cumbria, in a major boost to the UK manufacturing industry, TheBusinessDesk.com reported today.
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Global Luke-warming
16 March 2012
You’re sat on the fence, roughly in the middle – which might be a good thing, and it might be bad, but we’ll be here for hours if we ask you to decide…
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Gloucester Quay change
16 March 2012
Peel Group’s Gloucester Quays retail outlet scheme has won planning consent for a refurbishment and £60m leisure quarter extension.
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Government shortlists 224 stalled schemes for grants
19 March 2012
The government has shortlisted 224 schemes that could receive a share of a £570m investment pot aimed at restarting stalled development projects.
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Green light for £42m Deptford scheme
12 March 2012
A joint venture between Cathedral Group and United House has been given planning permission for a residentially led scheme in Deptford town centre.
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Green schemes go platinum: the world's top environmental buildings
16 March 2012
Ahead of Tuesday’s BREEAM Awards at Ecobuild, David Hatcher reviews the schemes that have achieved a top environmental rating since the start of 2011: BREEAM’s “outstanding” buildings in the UK; Green Building Council of Australia’s “six star” schemes; and “platinum” buildings across the world, certificated by US-based Leadership in Energy and Environmental Design (LEED)
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Greenhouse effect
16 March 2012
Melbourne-based designer Joost Bakker plans to bring his sustainable pop-up cafe concept, Greenhouse, to London next year.
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GVA and Cushman to work out assets
16 March 2012
GVA and Cushman & Wakefield have been appointed as strategic advisers to a £15m portfolio of distressed workspace assets to “formulate a strategy to maximise recovery”.
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Harvey Spack dies
14 March 2012
Harvey Spack, the co-founder of out-of-town retail agency Harvey Spack Field, has died following a long illness.
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Harworth Estates to become standalone property company
14 March 2012
UK Coal’s property arm Harworth Estates is to be spun off into a separate company as part of a split of the listed coal miner’s business into separate mining and property companies.
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Heron appoints Savills for tower mandate
14 March 2012
Heron has appointed Savills as leasing agent for the Heron Tower in the City, and is preparing a new marketing push for the building.
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HMV confirms review of live music business
15 March 2012
HMV has confirmed a “number of parties” have indicated an in interest in acquiring its live music business.
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How green are you?
16 March 2012
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Hunger for property lending led to HBOS downfall
16 March 2012
FSA report emphasises problems in bank’s corporate culture, and desire for profit — whatever the risk. Mike Phillips reports
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Hussey homes in on Holborn
16 March 2012
Mike Hussey’s Almacantar has paid around £108m for a pair of office blocks in London’s Midtown, PropertyWeek.com can reveal.
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Ikea parent submits giant Stratford mixed-use plans
14 March 2012
LandProp Holding, part of the Inter Ikea Group, has submitted plans for its 26 acre site at Strand East in Stratford, London, to include 1,200 homes and more than half a million square foot of offices.
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Inditex plans to open up to 520 stores in 2012
21 March 2012
Spanish fashion group Inditex has announced that it plans to open between 480 and 520 new stores in 2012 as its net sales rose by 10% last year to €13.8bn.
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Industrial speculative development in Scotland could return after a five year hiatus
16 March 2012
Edinburgh based developer J. Smart & Co. has agreed a deal with the City of Edinburgh Council to develop a 4.79 acre site at South Gyle Crescent in Edinburgh.
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InfraRed and Hark in talks to buy £80m The Mall Norwich
12 March 2012
InfraRed Capital Partners and Hark Group are in talks to buy The Mall Norwich shopping centre for around £80m.
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Infrared confirms Liverpool St John's Centre purchase
21 March 2012
InfraRed Capital Partners has confirmed that it has exchanged contracts to buy the St John’s Centre in Liverpool from Land Securities for £76.5m.
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ING sells €475m stake in Polish development Zlote Tarasy to CBRE fund
21 March 2012
ING Real Estate Development has sold its shares in the holding company which owns 77% of Zlote Tarasy, a mixed use property development in Warsaw, Poland, reducing its exposure by €475m.
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Insurance group plans £30m UKCPT share sale
15 March 2012
Insurance group Phoenix Life is planning to sell £30m of shares in UK Commercial Property Trust – totalling 3.6% of the company.
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IPD: values dropped 0.3% in February
14 March 2012
Prime property values fell by a further 0.3% in February, as stagnant regional growth and growing fears of a mild second recession took their toll, according to the latest IPD UK Monthly Index.
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Jamie Oliver to open fourth Union Jacks at Bluewater
21 March 2012
Jamie Oliver has signed to open his fourth Union Jacks restaurant at Bluewater.
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Jumeirah to sell New York hotel
16 March 2012
The Jumeirah Essex House Hotel on the edge of New York’s Central Park is likely to be put up for sale for $500m.
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Kennedy Wilson and Fairfax create €275m European partnership
16 March 2012
Kennedy Wilson, the California-based international real estate investor, has teamed up with Canadian firm Fairfax Financial Holdings to buy European commercial property and loans.
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Kingsgate Shopping Centre extension plans unveiled
21 March 2012
Plans for a 120,000 sq ft expansion to Kingsgate Shopping Centre in Huddersfield have been revealed today by owners WD Huddersfield.
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Kirsh completes Tower 42 deal with £145m Aviva loan
22 March 2012
South African investor has completed the £283m purchase of Tower 42 in the City, with £145m loan from insurance company Aviva.
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KKR hires European real estate head
21 March 2012
Kohlberg Kravis Roberts, one of the world’s largest private equity firms, has hired a former Goldman Sachs man to lead its European real estate drive.
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Kuwaiti investor helps Tobacco Dock turn over new leaf
16 March 2012
Long-vacant site will have hotel, flats and public realm. Hardeep Sandher reports
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L&G green light for 3m sq ft Salford scheme
21 March 2012
A huge Salford scheme funded by Legal & General and led by Muse Developments will benefit from compulsory purchase powers, awarded to Salford Council today.
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LandSecs and Sainsbury's submit Selly Oak plans
13 March 2012
Land Securities and Sainsbury’s have submitted plans for a mixed-use retail and leisure scheme in the Selly Oak area of Birmingham, TheBusinessDesk.com reported today.
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Lenders pay little more than lip service to sustainability
16 March 2012
Do banks care about sustainability in their lending?
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Let’s all commit to Give More back to our neighbourhoods
16 March 2012
It can be hard to stay positive when watching the news.
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Liberty Living buys Clarence Dock’s student housing
13 March 2012
Liberty Living, which is owned by the Brandeaux Student Accommodation Fund, has bought the 612-bed student residences at Clarence Dock in Leeds.
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Lloyds reviews UK agency mandate
16 March 2012
Lloyds Banking Group plans to appoint a new corporate real estate adviser to provide transactional advice across its 20m sq ft portfolio of offices and retail banks — one of the most prized corporate mandates in property.
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Local developer plans 1m sq ft Oldham business park
15 March 2012
Oldham-based Grasscroft Property and Seddon Group are planning a 1m sq ft business park in the Foxdenton area of Oldham, TheBusinessDesk.com reported today.
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Local energy networks: pipe dream or bright spark?
16 March 2012
Does efficiency outweigh often prohibitive costs of schemes? Sarah Townsend investigates
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London suburbs the safest for retail investment
22 March 2012
New research by BNP Paribas Real Estate shows London suburbs to be the least risky for retail investment.
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Low-carbon trust’s 20% return
16 March 2012
The Threadneedle Low-Carbon Workplace Trust is on course to generate a return on equity of more than 20% from its first four “retrofit” refurbishment projects.
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Luminar to undertake £32m sale and leaseback
14 March 2012
Nightclub operator Luminar is preparing to undertake a £32m sale and leaseback across its nightclub portfolio after being bought out of administration at the end of last year.
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Major casino scheme at Birmingham's NEC secures approval in principle
15 March 2012
Plans for a 500,000 sq ft leisure scheme at the National Exhibition Centre in Birmingham have been granted approval in principle.
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Malkin's Value Retail secures Spanish outlet debt
22 March 2012
Scott Malkin’s Value Retail has secured €120m in loans to refinance a luxury outlet village in Spain.
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Middlesbrough’s sustainable future begins at home
16 March 2012
If Middlesbrough is to have a sustainable future, the process of revitalising our people and the houses they live in must be top of the agenda.
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Miller Group reports £92.8m loss
14 March 2012
Miller Group suffered a £92.8m pretax loss last year.
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MIPIM 2012: how to become a property millionaire with James Caan, 09.03.12
16 March 2012
James Caan’s venture in which he backs a series of entrepreneurs to provide a launch pad for property companies is a great idea to help the property sector.
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Mortgage lending up 14% year-on-year
20 March 2012
Mortgage lending stayed steady in February ahead of the end of the Stamp Duty concession at the end of this week.
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Nagel signs pre-let at Leipzig logistics park
19 March 2012
Food logistics company Nagel has signed a 272,336 sq ft prelet at a German logistics park owned by Helios Europe, Tristan Capital Partners and AEW Europe.
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Network Rail completes new concourse at King's Cross
14 March 2012
Network Rail opens its new concourse at King’s Cross station on Monday, with a new mezzanine floor and 27,000 sq ft of retail space.
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New Bond Street faces
16 March 2012
French fashion designer Marithé & François Girbaud is to open its first UK store on London’s New Bond Street, as US bag retailer Bally agrees a deal to relocate from its store.
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Next pledges faith in retail property and plans new stores
22 March 2012
Fashion brand Next plans to open around 300,000 sq ft of shops this year, and said it was confident in the future of the shop properties, working alongside online retailing.
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NPPF to be published on Budget Day
16 March 2012
The government will publish the final version of the National Planning Policy Framework (NPPF) next Wednesday, on the same day as the chancellor unveils his Budget.
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Office of Fair Trading clears CSC's £73.3m Broadmarsh purchase
14 March 2012
Capital Shopping Centres’ purchase of the Broadmarsh shopping centre in Nottingham has been cleared by the Office of Fair Trading.
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Oops, you didn't answer all of the questions!
16 March 2012
Oops, you didn’t answer all of the questions! Click here to go back to re-submit your answers
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Patron appoints Lloyds’ Collins for UK fund launch
19 March 2012
Private equity firm Patron Capital has hired former Lloyds Banking Group director Mark Collins for a new £1bn UK investment drive.
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Pbb restructures lending business with focus on London
21 March 2012
Pbb Deutsche Pfandbriefbank is re-organising its real estate lending origination business, giving responsibility for international and cross-border investors to a central team in London.
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Peacocks administrators agree deals with Poundland, Poundworld and Iceland
14 March 2012
The administrators of Peacocks have negotiated deals on 30 stores that were not included in the sale of the business to Poundland, Poundworld and Iceland.
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Peel gets consent for £60m Gloucester Quays extension
13 March 2012
Peel Group’s Gloucester Quays retail outlet scheme has secured planning consent for a £60m new leisure quarter and refurbishment.
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People Moves: 16 March
16 March 2012
Calthorpe Estates has appointed a City big hitter as a trustee and chairman elect.
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People Moves: Calthorpe Estates, Smith Cole Wright, La Salle Investment Management and more...
16 March 2012
Calthorpe Estates has appointed a City big hitter as a trustee and chairman elect.
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Planning consent granted for £300m Warwickshire advanced engineering facility
15 March 2012
The £300m redevelopment of advanced engineering, research and test facility MIRA, located in Warwickshire, has moved a stage closer with planning permission being granted for the scheme, TheBusinessDesk.com reported today.
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Plans for Camden market redevelopment rejected
20 March 2012
Plans drawn up by Chelsfield, Richard Caring and retailer Bebco for a mixed-use redevelopment of London’s Camden market have been rejected by Camden Council.
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Plaza Centers opens first Serbian mall
21 March 2012
Plaza Centers has opened the Kragujevac Plaza shopping centre in Serbia, the company’s first in the country.
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PM pledges return to “Garden City” movement
19 March 2012
David Cameron has promised to launch a consultation later this year on how best to incorporate green belt land into areas with high potential for growth.
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Post-auction sale takes JLL to 88%
13 March 2012
A £4.25m post-auction sale from Jones Lang LaSalle’s 6 March catalogue has taken the firm’s success rate to 88%.The property, known as Units 1-8 Thistlebrook Industrial Estate in Greenwich London comprised a long leasehold geared industrial investment let to the local authority.A £4.25m sale reflects a net initial yield of 5.80%. The buyer is understood to be a small family-run property company.
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Potential store closures following 7.7% sales drop at Argos
15 March 2012
Argos owner Home Retail Group has said it will close a number of stores coming up for lease renewal this year, but will not embark on a radical store closure programme in response to its falling sales.
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Premier Inn secures eight new sites
15 March 2012
Premier Inn has secured eight new sites in a week as part of national expansion programme.
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Property Week voted best property magazine
20 March 2012
Property Week last night added to its bulging trophy cabinet by picking up two more prestigious journalism awards.
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Prupim buys 2/3 Reading Central
20 March 2012
Prupim has completed a deal to buy one of the biggest office development sites in the South East, Scottish Widows Investment Partnership’s 2/3 Reading Central.
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Qatar makes Paris offices debut
16 March 2012
MidEast fund looks beyond London to buy German assets
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Raven Russia’s NAV takes 13% flight
16 March 2012
Raven Russia increased its net asset value by 13.3% to €1.19 (76p) a share last year, driven by a revaluation surplus of $153m.
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Regus plans 200 new offices as profits bounce
20 March 2012
Serviced office provider Regus today said it planned a huge global office expansion after posting strong results.
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Richard Akers joins Barratt’s board
14 March 2012
Housebuilder Barratt Developments has appointed Land Securities’ head of retail Richard Akers to its board.
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Risk-takers are key to unlocking future lending in cautious climate
16 March 2012
One of the questions I am frequently asked these days is who will be active in the provision of senior debt in the future.
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Roxhill doubles up for £80m fund
16 March 2012
Shed developer pockets £40m from CBRE Global and Forum
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Sainsbury's powers on with convenience store expansion
21 March 2012
Sainsbury’s has continued its expansion by adding 170,000 sq ft of retail space in the last quarter, including two new supermarkets and 15 convenience stores.
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Salmon Harvester buys third Castlemore Bristol site
20 March 2012
Salmon Harvester, the joint venture between NFU Mutual and Salmon Property, has bought a development site at Temple Quay in Bristol for £1.75m from Castlemore Securities’ administrator PWC.
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Salway slams green proposals
16 March 2012
Property company chief to present proposals for reform to sustainability regulations
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Savills enjoys 9% profit growth, despite Europe languishing
15 March 2012
Savills today reported a 9% increase in pretax profit in 2011, off the back of continued strength in Asia and London offset by the ongoing economic difficulties in continental Europe.
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Savills usurps Heron agent
16 March 2012
Heron International this week appointed Savills as joint letting agent for the Heron Tower in the City of London.
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Selling Ocado stake has delivered John Lewis partners a pretty pension
16 March 2012
For one disgruntled John Lewis partner it was time for the retailer to cut its losses and walk away from Ocado, the then fledgling online food retailer.
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Shops to undergo Lush, green transformation
16 March 2012
Smaller high street retailers have found it hard to compete with out-of-town chains when it comes to reducing the environmental impact of their stores.
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Shoreditch set: skinny-jeaned TMTs on edge in City
16 March 2012
Right now, it is all about skinny jeans and fixed-gear cycles.
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Sinn Féin tables legislation to end upward-only rents
15 March 2012
Irish republican party Sinn Féin has tabled legislation to end upward-only rent clauses in existing leases - labelling the practice “anti-competitive and anti-jobs”.
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Solar starts to shine but government still clouding issue
16 March 2012
Cost of schemes is falling but changes to feed-in tariffs still unpopular. Denise Chevin reports
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South Bank ad break
16 March 2012
Ogilvy & Mather in discussions over up to 250,000 sq ft at Delancey’s Westminster Place near Waterloo
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South Bank ad break: Ogilvy & Mather talks over major office prelet
16 March 2012
Ogilvy & Mather in discussions over up to 250,000 sq ft at Delancey’s Westminster Place near Waterloo
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Southampton unveils 25 year masterplan
20 March 2012
Southampton City Council has produced a 25 year masterplan for the long-term development of its city centre.
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Supergroup poaches John Lewis director as COO and to oversee property
20 March 2012
SuperGroup has appointed John Lewis’ Susanne Given to the new role of chief operating officer, which will see her take control of the retailer’s property portfolio.
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Tamar suffers 8.7% NAV fall
19 March 2012
Net asset value at the Tamar European Industrial Fund fell by 8.7%, primarily due to portfolio valuation declines and currency exchange movements.
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Tchenguiz’s Green crusade
16 March 2012
When Vincent Tchenguiz used Sir Philip Green’s 60th birthday party as his excuse for not attending MIPIM this year, it raised an eyebrow or three.
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Team "GE" vs Team GB
16 March 2012
Gerald Eve staff were left red-cheeked after an expensive few hours in the company of Great Britain’s women’s beach volleyball team at east London’s Shoreditch Park last Friday.
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The Economist heads for Canary
14 March 2012
The Economist Group is planning to relocate from London’s Midtown to Canary Wharf.
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Time for government to stop waving sticks and pull out a carrot
16 March 2012
The property industry has made enormous strides in improving the energy efficiency of new buildings.
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Treasury wins High Court battle against NAMA
22 March 2012
Treasury Holdings has won a High Court battle against Ireland’s National Asset Management Agency (NAMA), allowing it to challenge the agency’s decision to appoint receivers to some of its property portfolio.
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Tristan Capital Partners buys in Frankfurt
15 March 2012
Tristan Capital Partners has bought two Frankfurt office buildings for €90m.
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Twin towers for La Défense
16 March 2012
The €320m Hermitage Plaza Towers in the La Défense business district of Paris have been given planning consent.
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UK Commercial Property Trust suffers 1.9% NAV decline
20 March 2012
UK Commercial Property Trust suffered a 1.9% decline in net asset value in 2011, but said it would look to take advantage of the demand for prime “passive” properties.
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Union Investment buys hotel development in Paris
15 March 2012
Union Investment Real Estate has acquired a four-star business hotel development in the La Défense business district of Paris.
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Unlisted funds raise $2.3bn globally
16 March 2012
Unlisted real estate funds raised $2.3bn around the world in February, reports Indirex, the new global online community for the sector.
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We must change our behaviour, not just our light bulbs
16 March 2012
It is estimated that commercial property accounts for around 18% of the UK’s carbon emissions, and we have been acutely aware of the need for action for some time.
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Westfield courts Galeries Lafayette
16 March 2012
French retailer vying with John Lewis for west London site
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What the Victorians did for us
16 March 2012
Dickensian London may have been squalid, but local identity and infrastructure were key to the Victorians. Paul Finch explores what we can learn from our forebears about urbanisation
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Widows edges into outer London
16 March 2012
Broadwalk shopping centre in Edgware under offer at £70m
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Woodward, Seaman and McAndrew line up for property golf day
13 March 2012
England’s rugby world cup winning manager Sir Clive Woodward, former England and Arsenal keeper David Seaman and model and TV presenter Nell McAndrew are among a host of stars taking part in a property industry golf day next month.
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Yorkshire's Chocolate Works comes to the market
22 March 2012
Two landmark Yorkshire mill buildings - the former Terry’s chocolate factory in York and a former silk mill in Leeds - have come to the market, TheBusinessDesk.com reported today.
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You're a Greenhouse Ass!
16 March 2012
An Inconvenient Truth? An inconvenient waste of two hours of your life more like.
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You're an Ozone Player!
16 March 2012
Wow? Are you sure you’re happy being in the property game?
