All Property Week articles in 30 October 2015
View all stories from this issue.
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Azure acquires Radisson Blu Hamburg
European investor and operator Azure Hotels has acquired the Radisson Blu Hotel in Hamburg from Invesco, in what is reportedly one of the largest single asset hotel transactions in Germany in 2015.
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New managing director at Jurys Inn
Hotel investor Amaris Hospitality has appointed Jason Carruthers as managing director of its Jurys Inn brand.
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Custodian set to raise £50m via share placing
Custodian REIT has is set to raise funds of £50m, with the ability to increase the figure up to £75m through a share placing.
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KWE income up £2m in third quarter
Kennedy Wilson Europe Real Estate (KWE), the London-listed property group, has revealed that net operating income (NOI) for the third quarter to 30 September has increased by £2m, with 74 leasing transactions across 586,700 sq ft during the period.
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Housebuilders and estate agents take a beating
British housebuilders took a beating on the Stock Market on Wednesday, with Barratt Developments, Berkeley, Persimmon, and Taylor Wimpey down 2.3% to 3.9%.
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L&G predicts doubling in rental growth by 2018
Legal General Property (LGP) has predicted that rental growth rates across the commercial property sectors will almost double over the next few years compared with the rate experienced over the past five years.
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The Space takes pre-let at 235 High Holborn
Serviced office operator The Space has agreed to pre-let 235 High Holborn in its entirety.
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Full house for Piccadilly Place
The Carlyle Group’s 3 Piccadilly Place in Manchester is fully let after NuGen, the UK nuclear developer, took an additional 12,700 sq ft at the building.
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The Diner swings onto The Strand
Popular American restaurant The Diner has secured a new site on London’s Strand.
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UK must double housebuilding efforts to meet demand
The UK must build a minimum of 220,000 homes a year between now and 2031 to keep up with household growth projections, according to the Town Country Planning Association.
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Europe sees spiralling demand for megasheds
Demand for large warehouses continues to rise on the back of growth in e-commerce and investor interest in ‘big-ticket’ sales, according to CBRE.
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Taxpayers have covered £450m planning overdraft since 2012
Taxpayers’ money has been used to pay £450m in additional planning application costs that councils could not recover through nationally-set fees, according to the Local Government Association, which is calling for a government review on the subject.
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Empiric buys three Bath student accommodation assets
Empiric Student Property has acquired the freeholds of three student accommodation properties in Bath, comprising a total of 107 beds, for £9.2m.
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NFU Mutual buys Newcastle retail and car dealership freehold for £44.5m
NFU Mutual Insurance Society has bought a Sainsbury’s supermarket and Peugeot dealership in Newcastle from Hanro for £44.5m.
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Persimmon reveals 12% sales hike
Housebuilder Persimmon has revealed home sales since August were 12% ahead of last year in a trading update to investors this morning.
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Schroder REIT grows NAV
The Schroder Real Estate Investment Trust has delivered a 3% per share increase in net asset value in the three months to 30 September.
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UK construction figures help stocks make gains
London stocks edged higher as a report revealed growth in the UK construction sector activity in October.
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South East office demand spirals while vacancies plummet
Demand for office space in the South East is booming, with annual take-up in the M25 forecast to be at its highest level since 2007.
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LaSalle brings 214,000 sq ft Midlands spec scheme to market
LaSalle Investment Management has completed the speculative development of five industrial units totaling 214,000 sq ft at Lyons Park in Coventry.
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Carpenters signs at Liverpool’s No. 1 Tithebarn
Law firm Carpenters has signed a six-year lease at No. 1 Tithebarn in the largest office deal seen in Liverpool’s central business district this year.