All Property Week articles in 27 October 2017
View all stories from this issue.
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Property reacts: Bank of England increases interest rates
The Bank of England’s monetary policy committee has voted to raise interest rates for the first time in a decade.
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IWG publishes revenue figures that led to profit warning
IWG, the serviced office giant formerly called Regus, has reported details of the revenue figures that prompted its profit warning two weeks ago.
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Intu sells 50% interest in Chapelfield centre for £148m
Intu has announced the sale of a 50% stake in its Chapelfield shopping centre in Norwich for £148m alongside a trading update showing steady occupancy levels and rising footfall.
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Building safety deadline extended for private tower block owners
Private owners of residential buildings have been offered an extended deadline to supply the government with information on building safety in the wake of the Grenfell Tower tragedy.
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JR Capital buys Travelodge in Chertsey
JR Capital has bought a Travelodge Hotel in Surrey from Colliers Capital for £7.2m, in a deal reflecting a net initial yield of 4.75%.
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DTZ Investors wins Basildon Council mandate
Basildon Council has appointed DTZ Investors to advise on its commercial property investment strategy.
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Development partner sought for Maidenhead Golf Course
The Royal Borough of Windsor Maidenhead has launched a search to find a development partner for the Maidenhead Golf Course site.
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Pub portfolio sale clears way for Heineken’s Punch takeover
Heineken has sold 30 pubs in three transaction as part of a deal with the Competition and Markets Authority (CMA) which allowed its 1,800-pub takeover of Punch Taverns to go ahead.
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Specialist housing provider launches retail bond
Golden Lane Housing, a charity established by the Royal Mencap Society to provide homes for people with learning disabilities, has launched a retail bond.
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BIFM appoints commercial director
Jacqueline Balian has been appointed as commercial director at the British Institute of Facilities Management (BIFM).
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Law to ban letting fees goes before parliament
A proposed ban on letting agent fees is being taken a step closer to reality as the government introduced a draft bill which will scrap the practice of charging tenants upfront fees.
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Rituals Cosmetics to make regional debut at Birmingham’s Grand Central
Hammerson has signed up luxury bath, body and homeware brand Rituals Cosmetics to open its first boutique outside London at Grand Central in Birmingham.
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Kettering Business Park eyes second phase after two occupancy deals
Buccleuch Property has struck deals with Northamptonshire Police and automotive interiors company IM Kelly at Kettering Business Park.
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Chelsea’s Sloane Club changes hands
Queensway and Clearbell Capital have bought The Sloane Club in Chelsea from Caledonia Investments for £80.6m.
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CLS Holdings offloads Centenary Court
CLS Holdings has sold the Centenary Court office building in Bradford to a private investor for £14.4m.
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Frontier care homes bought by Aviva Investors
Aviva Investors has acquired a portfolio of care home developments from Frontier Estates for £71m on behalf of its Lime Property Fund.
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SEGRO and Legal & General in industrial asset swap
SEGRO and Legal General Investment Management Real Assets have completed a property swap transaction in which SEGRO has acquired Legal General’s single let warehouse at G Park, Crick, and Legal General has acquired SEGRO’s Kingsland Business Park multi-let industrial estate in Basingstoke.
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PGIM Real Estate raises $134m for US property fund
PGIM Real Estate has raised $134m (£100.7m) for the first close of its US Property Fund (USPF) VI.
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CBRE completes debt refinancing
CBRE Group has agreed a five-year $2.8bn (£2.5bn) revolving credit facility and a five-year $750m delayed draw term loan facility as it completes its debt refinancing.
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Carillion dips despite asset sell-off
Shares in Carillion were down 1.09% on Tuesday, despite disposing of its shares in two property businesses - Ask Real Estate and Ask Carillion Developments - for £13.8m.