All Property Week articles in 20 August 2010
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Lord Freud hits back at housing benefit cuts critics
Lord Freud, the Welfare Reform Minister, today hit back at critics of the coalition’s plans to cut housing benefit and rejected claims that the proposals would lead to an exodus of private landlords from the housing benefit sector.
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Jenny Buck leaves Schroders
Jenny Buck, head of Schroders’ £1.8bn property multi-manager business for the past nine years, has resigned.
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ING UK REIT's NAV boost from Rugby REIT
ING UK Real Estate Income Trust reported a 7% increase in net asset value today – boosted by its acquisition of Rugby Estate Investment Trust.
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REO will not pay interest on August loan
Real Estate Opportunities today said it would not pay interest on a loan it holds at the end of this month.
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Holley and Blake’s Altyon in talks to buy €4bn German portfolio
Altyon Partners is fronting a consortium of investors in negotiations to buy Berliner Immobilien Holding owned by the German federal state of Berlin.
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Unite achieves 8% NAV rise
Student accommodation developer UNITE Group saw its net asset value rise by 8% in the first half of the year in a sign of continued strength in the sector.
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Savills reports strong results, but predicts a tricky road ahead
Savills’s half-year pretax profit grew to £14.4m as transactional markets in the UK and Asia continued to recover.
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Segro hampered by tough continental market
Segro today revealed a mixed picture across its portfolio for the first half of 2010, with a solid performance in south-east England countered by weaker conditions in continental Europe.
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JLL appointed the Shrewsbury shopping centres
Jones Lang LaSalle has been appointed property manager of three shopping centres in Shrewsbury.
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Demolition begins to pave way for Altrincham's £100m Altair scheme
The demolition of two Trafford Council-owned buildings will commence shortly, paving the way for Altrincham’s £100m Altair development.
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RREEF eyes a further £246m of acquisitions this year after hitting targets
RREEF Spezial Invest is planning a further €300m (£246m) of acquisitions by the end of the year after having hit its 2010 target of acquiring properties valued at more than €500m.
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Sapphire retail fund falls into administration
Three shopping centres owned by entrepreneurs the Reuben brothers in a joint venture with Lloyds have been placed into administration after prolonged refinancing talks failed.
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Ventia to launch serviced offices in South Kensington
Ventia is set to launch a serviced business centre in South Kensington to add to its portfolio of serviced offices across London and the Thames Valley.
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MORNING AFTER: Emily Byron photoshoot on Jermyn Street
The Crown Estate and the Jermyn Street Association hosted a glamorous photoshoot with model Emily Byron to launch its Art of Being British garden party happening next week.
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Evans Randall buys Drapers Gardens in the City
Evans Randall has bought the recently-completed Drapers Gardens development in the City of London for £242.5m from Canary Wharf Group and Morgan Stanley Real Estate Funds.
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Councils clash over LEP areas as deadline draws near
More than ten county, unitary, and city councils are in dispute over the size and shape of local enterprise partnerships (LEPs), with eight working days left before they must submit their plans to government.
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Standard Life backs Minerva in KiFin fight
Standard Life Investments today threw its support behind Minerva in the developer’s ongoing management battle with its largest shareholder.
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Derwent London reveals lettings and strong half-year figures
Derwent London has fully let the Charlotte Building in London’s West End, reducing the void rate in its £2.15bn portfolio to just 1%.
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Pooled funds raised £1.4bn in the second quarter
Pooled property funds raised £1.4bn of new money in the second quarter, which was 30% less than in the previous quarter.
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Pandoz agrees €1bn Norwegian hotels company deal
Swedish hotel owner Pandox has agreed an €1bn deal to buy Norwegian company Norgani Hotels.