All Property Week articles in 8 July 2016
View all stories from this issue.
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Insight
Property Big Hitters: howzat for a big hit?
The inaugural Property Big Hitters charity cricket day brought together a selection of the industry’s best batsmen and bowlers to take up the challenge of facing a squad of former bat-and-ball legends and raise money for Bowel Cancer Research.
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Online
Wanda secures £500m loan for One Nine Elms
Wanda One, the UK subsidiary of China’s largest property company Dalian Wanda Group, has secured £500m in development finance for its residential scheme at One Nine Elms in London.
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Online
Asda to anchor new Didcot retail scheme
Asda has been announced as the anchor tenant for a newly launched retail scheme at Great Western Park, Didcot.
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Online
Leicestershire business park sold for £10m
Birmingham property company Hortons’ Estate has bought Old Dalby Business Park in Leicestershire for £10m.
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Online
Network Rail rolls into Airbles House in Motherwell
Network Rail has signed a lease to take the entire Airbles House building in Motherwell.
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Online
Oxford Street to be pedestrianised by 2020
Oxford Street will be pedestrianised by 2020 under plans revealed last night by the Mayor of London’s office.
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Online
ING funds Meadow's deal to buy Harlequin Building from Aberdeen
Meadow Partners has sourced a £26.5m loan from ING Real Estate Finance to fund its acquisition of 65 Southwark Street from Aberdeen Asset Management.
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Online
London & Regional wins planning for major Elephant & Castle scheme
London Regional has been granted planning permission for a major new development in Elephant Castle providing 400 new homes, a new performing arts venue and about 500,000 sq ft of offices.
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Online
Bank of England leaves rates and QE unchanged
The Bank of England’s monetary policy committee (MPC) has surprised the markets by voting to keep interest rates unchanged at 0.5%.
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Online
Thai investor cites weak pound as motivating factor for deal
Thailand’s Country Group Developments (CGD) has acquired Ovingdean Hall School near Brighton for £18m – moving quickly to take advantage of the weak pound.
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Online
London office take-up falls 22% in second quarter
Take-up for London office space has fallen by 22% quarter-on-quarter and supply of new space has exceeded take-up for the first time since 2013, according to CBRE.
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Online
Cushman & Wakefield predicts 25% drop in UK investment
Cushman Wakefield has forecast a 25% drop in UK investment volumes this year following the UK’s decision to leave the EU.
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Online
Co-op sells 298 stores to McColls convenience store chain
The Co-operative Group has sold 298 small shops to convenience store chain McColl’s Retail Group for £117m.
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Online
First major Old Oak scheme gets green light
The Old Oak and Park Royal Development Corporation (OPDC) has approved its first major planning application – giving Genesis Housing Association and Queens Park Rangers FC the green light for a £175m scheme.
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Online
Former Citi banker Hoare joins CR
CR has hired Citi’s former real estate banker Stuart Hoare to head up a new area of business for the company covering debt and equity placement and related advisory services.
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Online
Le Pain Quotidien to make northern debut in Leeds
Bakery chain Le Pain Quotidien is making its debut in the north of the UK after signing up to Hammerson’s £165 million Victoria Gate development in Leeds.
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Online
Workspace reports strong rental growth
Workspace has reported 2% like-for-like rental growth over the past quarter and said it is “well placed” following the EU referendum result.
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Online
Housebuilders slip after Barratt update
Housebuilder shares slipped on Wednesday after Barratt said it was revaluating land purchases and may slow construction.
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Online
Senior Knight Frank figure steps down
Jeremy Waters, a partner in Knight Frank’s global capital markets team, has left the firm after 18 years.
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Insight
New government must back Northern Powerhouse, says Bernstein
The chief executive of Manchester City Council, Sir Howard Bernstein, has called for continued support for the Northern Powerhouse under Theresa May’s government.