All Property Week articles in 22 November 2013
View all stories from this issue.
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OnlineBuyer picked for £400m Aviva Moon portfolio
Apollo Global Management has been picked as the preferred bidder for the £400m distressed portfolio being sold by Aviva Commercial Finance, Property Week can reveal.
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OnlineUK property investment report Q3
Investment volume was on the increase for Q3 2013 at £14.77bn, the highest since Q2 2007. YTD 3Q total was £35.07bn, higher than for the same period last year which was £26.65bn.
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OnlineInterserve and Tiger get go-ahead in Edinburgh
Work is set to start on Interserve and Tiger Developments’ The Haymarket in Edinburgh following the signing of an agreement with Network Rail.
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OnlineHunter catches 430,000 sq ft Salford scheme
Hunter Property Fund Management has bought half a million square feet of offices in Salford Quays, in a deal originally revealed by Property Week.
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OnlineSunderland’s Vaux Brewery site developer picked
Sunderland City Council has announced that it has chosen the private sector partner with which it will form a joint venture to undertake the city’s planned redevelopment programme.
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OnlineOrchard Street buys £96m industrial portfolio
Orchard Street Investment Management has bought the PT Portfolio from Hermes Real Estate Investment Management Limited for £96m, reflecting a net initial yield of 6.5%.
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OnlineIreland gets its second REIT
Hibernia REIT is preparing to float on the London and Irish stock exchanges, making it the country’s second REIT.
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OnlineInland Homes to build in Buckinghamshire
Inland Homes has acquired land from the Defence Infrastructure Organisation that has the potential for 300 homes.
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OnlineBritish Land in talks to sell more than £110m of assets
British Land is in talks to sell two of its retail assets for just over £110m, including its Eastgate Shopping Centre in Basildon.
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OnlineRecord half year profits for Helical
Helical Bar has posted record profits before tax for the six months to 30 September 2013 of £68.9m, up from £5.2m in the first half of 2012.
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OnlineBritish Land in talks to sell more than £110m of retail assets in Basildon and Hayle
British Land is in talks to sell two of its retail assets for just over £110m, including its Eastgate Shopping Centre in Basildon.
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OnlineAdministrators to close 30 more Blockbuster stores
The administrators of Blockbuster have announced that 30 more Blockbuster stores will close, as no acceptable offers have been received to acquire the business.
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OnlineNewRiver reveals £124m of acquisitions, including pub portfolio
NewRiver Retail has bought a £90m portfolio of pubs for conversion into retail, as it reports strong half year results.
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OnlineSigma and Gatehouse announce £700m resi plans
Sigma has formed a joint venture with Shariah compliant Gatehouse Bank to launch a £700m roll-out of up to 6,600 homes, creating one of the UK’s largest portfolios of resi rental properties.
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OnlineLondonMetric sells three retail parks
LondonMetric has sold three retail parks in two transactions, totalling £31.6m.
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OnlineBritish Land wins first new Paddington tenant
British Land has completed its first letting at Paddington Central, since acquiring the majority of the 11 acre mixed-use estate in July.
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Online90 North buys £41.5m Crossley Retail Park
James Caan’s 90 North has bought Crossley Retail Park, Kidderminster from Chester Properties for £41.5m at a yield of 7.3%, on behalf of a middle eastern investor represented by Arzan Wealth.
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OnlineQatari Diar’s Jeremy Titchen departs
Qatari Diar development director Jeremy Titchen is leaving the firm, after five years at the organisation.
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OnlineJLL boosts Midlands team with GVA execs
Jones Lang LaSalle (JLL) has launched a “real estate workout team” in the Midlands following the appointment of two senior directors.
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OnlineUK pension fund to buy £550m RBS portfolio from Trillium
Legal General Property is making a huge bet on the fortunes of Royal Bank of Scotland with the purchase of a £550m property portfolio let to the state-owned giant.
