All Property Week articles in 6 November 2015
View all stories from this issue.
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OnlineFire Station saga ends with Allied acquisition
Allied London has acquired the London Road Fire Station in Manchester from Britannia Hotels, bringing an end to years of disuse for the controversial site.
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Online‘There is no money’ for right to buy discounts, says council leader
The leader of East Hampshire council has said it will not be possible for some councils to fund discounts offered to housing association tenants under the proposed right to buy scheme.
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Southwark reveals Peckham car park plans
A car park in Peckham town centre is to be turned into event spaces, a co-working facility, pop-up shops and a cafe under plans announced by Southwark Council.
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OnlineRetro Mountain to pop up on King’s Road
Skiwear label Retro Mountain is to open its first UK pop-up store later this month at 340 King’s Road.
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Commercial property lease lengths hit eight-year high
Average lease lengths on commercial property rose to 7.2 years in 2015, matching levels last seen at the top of the market in 2007, according to analyst MSCI.
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Alzheimer’s Society takes lease at 8 Fenchurch Place
PMB Holdings and Ares Management have secured a letting to the Alzheimer’s Society at 8 Fenchurch Place in the City of London.
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OnlineRun of lettings at Manchester’s Arndale
M G Real Estate and Intu have secured 18,000 sq ft of new lettings at Manchester’s Arndale shopping centre, including five new entrants, two brands upsizing to larger stores and O2 taking a second store to launch a new concept.
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OnlineBarratt shares hit despite positive figures
The FTSE 100 ended a four day losing streak Wednesday, ending the day up 0.4% at 6,297.20, meaning it closed higher for the first time since Wednesday last week. The FTSE 250, meanwhile, closed up 0.4% at 17,101.77 and the AIM All-Share index closed fractionally lower, down 0.1% at 742.78. ...
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OnlineHibernia sees profits double as it agrees a new €400m credit facility
First-half pre-tax profits more than doubled at Hibernia REIT, the property investment group revealed this morning, as it announced the signing of a new €400m (£282.41m) revolving credit facility.
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OnlineDerwent has best ever lettings year
Derwent, the London developer, has had its best year for letting in its history, the group reported in a trading update this morning.
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OnlineFriars Walk shopping centre opens in Newport
Queensberry Real Estate has opened its 390,000 sq ft shopping centre in Newport.
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OnlineRoyal London eyes Crown Estate retail park
Pension company Royal London Asset Management is under offer to buy the Bath Road Retail Park in Slough from The Crown Estate for around £95m.
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Sir Richard Sutton Estates offers two Mayfair offices for £68m
Two Mayfair office buildings have been brought to the market by Sir Richard Sutton Estates with a combined sale price of £68m.
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Estate agents join calls for clamp down on 'dirty money' in property
The National Association of Estate Agents has joined forces with a leading anti-corruption organisation to call on David Cameron to ensure greater transparency over UK property ownership.
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OnlineGrosvenor signs up Victoria’s Secret at Liverpool One
Victoria’s Secret has struck a deal to open a 10,000 sq ft flagship store at Grosvenor Fund Management’s Liverpool One scheme.
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OnlineMeadowhall bags 11 new tenants
British Land has completed 11 lettings totalling almost 28,000 sq ft at Meadowhall, its shopping centre in Sheffield.
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OnlineWorkspace NAV rises 12.7% in first half
Workspace Group has reported a 65% increase in trading profit for the first half of its year to 30 September.
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OnlineLand Secs’ shares fall after interims
Land Securities’ share plunged 2.74% to 1243p after showing a fall in profit at its half-year results on Tuesday.
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OnlineBarratt remains bullish as sales increase
Housebuilder Barratt Developments said it remains on track following a strong start to its current financial year, as conditions in the UK’s housing market continue to be robust and demand holds up across the regions.
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OnlineGPE commits £500m on 21 London schemes
Great Portland Estates (GPE), the London developer, is planning to deliver the largest development pipeline in its history spending more than £500m across 21 schemes.
