All Property Week articles in 8 April 2016
View all stories from this issue.
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Reubens’ Millbank Tower resi conversion approved
Developers David and Simon Reubens’ plan to convert Millbank Tower in Westminster into luxury flats has been given the go-ahead.
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Stockport council buys Merseyway shopping centre
Stockport council has acquired the town’s Merseyway shopping centre from receivers, and has announced plans to refurbish and update it.
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Experts warn of dangers posed by negative rates
Commercial property investors need to be aware of the dangers posed by negative interest rates, experts at a seminar held last night by the Commercial Real Estate Finance Council (CREFC) warned.
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Available retail park space hits low
The lack of new build retail and leisure parks has resulted in available space falling to 5.9% - the lowest level since the end of 2002, according to research by Trevor Wood Associates.
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Patrizia swoops on €320m German retail portfolio
Patrizia has acquired the complete real estate portfolio of Savills Investment Management’s German Retail Fund for €320m (£254.5m).
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L&G and PGGM snap up Salford PRS site
Legal General Capital and Dutch pension fund manager, PGGM, have added to their build-to-rent pipeline by acquiring a Salford site with planning for 225 new homes.
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Mckay Securities chairman steps down
McKay Securities has announced that David Thomas is to stand down as chairman and director, as part of a series of board changes.
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KWE issues €150m of new notes
Kennedy Wilson Europe Real Estate has issued €150m (£120m) of new notes, with the proceeds to be used to refinance existing secured debt.
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Real estate shares in stock market rally
Property company shares soared on Wednesday by more than 2% as global stock markets enjoyed a rally on the back of encouraging Chinese trade figures.
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Berkeley’s new Southall masterplan gets green light
The Berkeley Group’s revised masterplan for the regeneration of the 88-acre former Gasworks site in Southall has been given the green light by planners.
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€350m of office properties go in Dublin Q1
The total volume of office properties purchased for investment in Dublin reached almost €350m (£276m) in the first quarter of 2016, and 50 individual lettings were also recorded.
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Shortlist for Manchester’s mega Mayfield site down to three
The Mayfield Partnership has announced a shortlist of three development partners for the Mayfield Quarter in Manchester.
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L&G appoints director of housing
Legal General Capital has appointed James Lidgate as director of housing.
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SEGRO finance chief retires
Justin Read, group finance director at industrial property giant SEGRO , is to retire later this year.
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PHP raises £150m to fund healthcare properties
Primary Healthcare Properties (PHP) has raised £150m from its latest fundraising, which exceeds the initial target of £120m.
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Tesco makes progress but more work needed on property portfolio
Tesco chief executive Dave Lewis has made great strides in getting Tesco closer to its roots, being a good retailer, but this morning’s announcement is missing some crucial elements, especially when it comes to its property portfolio.
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Linklaters hires real estate finance partner
Law firm Linklaters has hired Mark O’Neill as a real estate finance partner in London.
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Countryside Properties on track to meet targets
Countryside Properties , one of the UK’s largest housebuilders, has said it is on track to hit its mid-term targets.
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Grainger sells majority of German portfolio
Grainger has sold the majority of its German property interests to the listed German residential investment company LEG Immobilien AG for €53m (£42.4m).
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Tesco back to profit but no news on asset sales
Tesco reported its first quarter of underlying UK sales growth for over three years this morning, but warned it is still battling a price war that will pressure operating profits.