All Property Week articles in 22 July 2016
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Avignon Capital targets tech with Berlin office buy
Avignon Capital has added to its German portfolio with the acquisition of the Umspannwerk Prenzlauer Berg building in Berlin’s Prenzlauer Berg district.
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CBRE cuts profit guidance after Brexit vote
CBRE has reported a 2% drop in UK revenues in the second quarter and cut its full year profit guidance because of the EU referendum result.
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Lloyds reveals plan to slash branch and office numbers
Lloyds Banking Group has unveiled plans to shut a further 200 branches and cut its office portfolio by about 30%.
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Musto takes space at Blackstone's International House
Sailing brand Musto has agreed to let 7,000 sq ft at Blackstone’s International House by London’s Tower Bridge for its new corporate headquarters.
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Derwent announces tech fund recipients
Derwent London has announced the first round of successful applications for its new Tech Belt Community Fund, which supports community projects in the E1 and EC1 postcodes.
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Tishman signs major letting deal with PA Consulting
PA Consulting has agreed to take 58,620 sq ft of space at Tishman Speyer’s Verde development in Victoria in London’s West End.
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UBS agrees £77m refinancing for ICUK fund
UBS Asset Management’s real estate team has agreed a £77m refinancing deal for its UBS Investment Circle UK Fund (ICUK).
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Countryside recovers from post-Brexit vote cancellations
Countryside Properties saw an immediate increase in cancellation rates directly after the EU referendum but sales have since picked up.
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Countrywide warns of drop in profits
Countrywide has warned that profits this year will not match those achieved last year and reported that its commercial arm Lambert Smith Hampton (LSH) has been impacted by the market slowdown ahead of the EU referendum.
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Intu raises forecasts after posting bumper rental growth
Intu has raised its rental growth forecasts for the year after delivering a surprise 7.5% jump in like-for-like net rental income.
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MOD Pizza to open first London site
MOD Pizza is opening its first site in London near Leicester Square.
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Labour's Owen Smith pledges 300k homes per year
Labour leadership hopeful Owen Smith has pledged to build 300,000 homes per year if his party is elected with him as leader at the next election.
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Home Group swoops on 350-home Yorkshire site
Home Group has secured a 46-acre site in Harrogate, North Yorkshire, where it will develop almost 350 homes.
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Capital & Centric plans £50m resi scheme
Capital Centric has revealed plans for a £50m residential scheme in central Manchester.
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Irish property returns rose ahead of Brexit vote
MSCI has recorded a 3.1% total return in Irish property for Q2 of 2016, as results in the IPD/SCSI Ireland Quarterly Property Index remained robust ahead of the EU Referendum.
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Taylor Wimpey: Brexit has had no 'meaningful' impact on housing market
Taylor Wimpey has shrugged off concerns about the impact of the Brexit vote after posting strong results for the first half of the year.
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PHP has spring in step after strong start to year
Primary Health Properties (PHP) enjoyed a strong first half to the year, as rents and NAV and earnings were all up on the same period last year.
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Capco shares fall 5% after results
Capital Counties shares fell by 5.3% on Tuesday after the company reported that Earls Court had been devalued by 14%.
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Bridges Ventures raises £168m in three months for new fund
Bridges Ventures has held a first close for its fourth property fund, raising £168m in three months.
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Investors cancel redemption orders in Aberdeen's property fund
Aberdeen Asset Management’s chief executive Martin Gilbert revealed this week that the majority of investors in its retail fund that filed redemption requests after the EU referendum have since withdrawn them.