All Property Week articles in 17 July 2015
View all stories from this issue.
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NewsConfidence in regions continues to grow
A strong performance in the regions saw investment in UK commercial property balloon to £36bn in the first half of this year - the second-highest total on record, according to Lambert Smith Hampton’s (LSH) latest UK Investment Transactions report.
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OnlinePremier Inn hub selected for Berwick Street
Whitbread’s new city centre hotel brand, Hub by Premier Inn, is set to provide an 110-bedroom hotel within PMB Holdings’ mixed-use Soho regeneration scheme on Berwick Street.
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OnlineLuxlo breaks Mayfair residential record
Residential developer Luxlo has confirmed the exchange of six of the seven apartments at its residential development 77 Mayfair hitting a record-breaking price of almost £7,000/ sq ft.
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Online
Government narrowly misses business rates appeals target
The Valuation Office Agency has resolved 93% of its backlog of appeals from businesses who believe they have been overcharged on their business rates, but 11,870 still remain outstanding.
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OnlineHelical announces £60m of logistics transactions
Helical Bar has acquired six logistics warehouses at a cost of £37.5m, and sold eight assets to BMO for £28.5m.
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OnlineGoldman launches CMBS for UK Logicor assets
Goldman Sachs has launched a £656m CMBS secured against 42 logistics assets owned by Blackstone’s Logicor.
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OnlineRBS sells two loan portfolios for £623m
The Royal Bank of Scotland has announced the sale of two loan portfolios, one to Deutsche Bank and Apollo and the other to Cerberus, for a total of £623m.
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OnlineAberdeen shares slump as outflows jump
Shares in Aberdeen Asset Management tumbled on Thursday after it revealed £10m of net outflows from its funds in three months.
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OnlineCrown Estate and TH Real Estate submit plans for £70m Exeter scheme
The Princesshay Partnership, comprising The Crown Estate and TH Real Estate, has submitted an outline planning application to Exeter City Council for a £70m redevelopment of the city’s bus and coach station.
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OnlineTwo senior hires for BNP Paribas
BNP Paribas Real Estate has made two further senior appointments as part of its continuing expansion in the UK.
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Orchard Street signs Siemens to Camberley
Orchard Street Investment Management, the specialist commercial property investment manager, has signed up Siemens, the multinational blue-chip company, to the J4 Park in Camberley.
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L&G appoints residential transactions manager
Mike Powell has joined Legal General Property (LGP) from Barratt Homes to support the acceleration of the firm’s build to rent pipeline.
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RBS to sell East Anglia hotel portfolio
RBS has appointed Colliers International appointed to dispose of its £14m Dragonfly Hotel portfolio, which comprises 317 rooms across five properties in East Anglia.
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OnlineSEGRO secures trio of lettings
SEGRO has agreed three expansion lettings with existing tenants in London and the Thames Valley.
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OnlineSafestay looks to raise debt and equity for hostel deals
Larry Lipman’s Safestay is looking to raise £15m of fresh equity and secure a new debt facility to fund the acquisition of two hostels in the UK and Milan.
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OnlineSecure Trust ramps up property lending
Secure Trust Bank has seen its real estate lending balances surge to £266.3m since the division was launched last summer.
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OnlinePrologis shares rise on positive results
Prologis shares have responded strongly to the industrial giant’s second quarter results.
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OnlineKnightsbridge digs £36m Liverpool student block
Knightsbridge Student Housing has acquired a £36.35m student housing block in Liverpool from Aprirose at a yield of 5.25%
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OnlineAEW makes £32m Manchester buy
Investment management firm AEW is under offer to buy 101 Barbirolli Square in Manchester from Aberdeen Asset Management at a price just shy of £32m.
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OnlineM&G forward funds £36m Midlands shed
M G Real Estate is to fund the construction of a 480,000 sq ft distribution warehouse at Markham Vale, Chesterfield.
