All Property Week articles in 26 June 2015
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Top European property services firms ranked by global turnover (2016)
The total global revenue of the top 10 firms hit a whopping £15.57bn in 2016, up 18% on the previous year. Heading this up again were CBRE on £7.1m (up 25%) and JLL on £3.9m (up 18%).
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Lone Star creates £1bn hotel group
Private equity group Lone Star has created a new company, Amaris Hospitality, to bring together a portfolio of 89 UK hotels.
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Dublin office transactions up 26%
Transactions in the Irish capital increased by 26% year-on-year in the second quarter of 2015.
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Colliers wins £330m Greater Manchester Pension Fund mandate
Colliers International has been appointed as the main external valuer for Greater Manchester Pension Fund’s direct property portfolio.
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DADES sells 49% stake to create Denmark's biggest ever property deal
Denmark’s Novo A/S and TryghedsGruppen has acquired a 49.2% stake in Danish property company DADES with a gross asset value of DKK16.9bn (£1.6bn).
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TGI Fridays snaps Leicester Square site for £2m a year
TGI Fridays has signed up for the former Yate’s site in Leicester Square, London, paying a rent of around £2m a year.
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Resolution and Fosun tie up for investment management platform
Chinese investment platform Fosun Property and developer Resolution Property have formed a joint venture company to act as Fosun’s exclusive investment manager for value-add real estate opportunities across Europe.
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Plans submitted for Bakers Quay scheme
Rokeby Merchant Developments has announced it is to submit plans for a mixed-use leisure and residential scheme at the historic 19th century Bakers Quay in Gloucester, adjacent to Gloucester Quays outlet centre.
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IDI Gazeley to develop 430,500 sq ft distribution centre in Frankfurt
IDI Gazeley, a global investor and developer of logistics warehouses and distribution parks, has revealed a new 430,500 sq ft food distribution centre for SLL, a subsidiary of Rigterink Logistik Gruppe, on a site close to Frankfurt.
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PHP buys in Macclesfield
Primary Health Properties, the investor in primary healthcare facilities, has acquired a purpose built health care property in Macclesfield for a total consideration of £2.5m.
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Real estate powerhouse joins forces with RootCorp
India based real estate group Sobha Group has joined as a shareholder in RootCorp, the investment manager specialising in global real estate investments.
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Commerzbank sells €2.9bn loan portfolios
Commerzbank has sold two real estate loan portfolios with a face value of €2.9bn (£2.06bn).
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Land Securities rebounds amid stock market recovery
Land Securities was one of the top risers on Wednesday as Britain’s biggest REIT benefited from a positive analyst note.
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Edinburgh St James granted planning consent
TH Real Estate has been granted planning permission by the City of Edinburgh Council for its £850m mixed-use Edinburgh St James scheme.
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New record rent set on Oxford Street
Watch retailer Swatch Group has signed a record rent for a new Oxford Street store, paying £1,010/ sq ft for its zone A space.
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CalPERS to sell $3bn real estate portfolio
The California Public Employees’ Retirement System is to sell up to $3bn of its real estate investment portfolio.
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Financial tech company signs at 62 Buckingham Gate
Land Securities has let almost 25,000 sq ft at 62 Buckingham Gate to financial technology company WorldRemit.
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Hines buys Princes Street block
International real estate firm Hines has bought the freehold of a seven-storey retail and office building on Princes Street in Edinburgh city centre, on behalf of the Hines Pan-European Core Fund (HECF).
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St Modwen defies the gloom
St Modwen defied wider stock market gloom on Wednesday thanks to better than expected half-year results.
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LondonMetric to fund Poundworld distribution hub
LondonMetric has agreed to purchase and forward fund the development of a new retail distribution in Wakefield for £39.4m in its second deal this week.