All Property Week articles in 8 September 2017
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RESI 2017: Housing minister calls on housebuilders to 'step up' on quality
The housing and planning minister Alok Sharma has called on the industry to improve the quality, not just quantity, of homes being built, during his first speech since taking up the role.
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RESI 2017: Housing transaction numbers still not recovered from credit crunch
The UK housing market is still suffering from the aftermath of the 2007 credit crunch with transactions down across almost all sectors, Savills’ head of residential research Lucian Cook told Property Week ’s RESI conference.
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Regional REIT grows portfolio
Regional REIT grew its property portfolio to £640.4m this year, up from £502.4m on 31 December 2016, boosted by acquisitions and a 2.2% like-for-like valuation increase.
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Safestore reports higher revenue
Safestore revealed a 12.5% rise in revenue in its third quarter in a trading update today.
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Galliford Try’s profits slump
Galliford Try have reported a 57% hit in pre-tax profits following a £98.3m loss in its construction division.
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Galliford Try’s shares fall
Galliford Try’s shares were down 1.69% after the housebuilder revealed a 57% hit in pre-tax profits.
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Information
Retail, Leisure & Hotels supplement September 2017
The Light interview - Chicken restaurants - GoNative - Afan Valley Adventure Resort - Landsec interview - Hoxton Analytics - Scandinavian retailers
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Collyer joins Vapiano to support European growth
Vapiano has hired Richard Collyer as its new head of development (Europe) to support the company’s target to double its European restaurant network by 2020.
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Aberdeen Standard invests £40m in Harley Street
Aberdeen Standard Investments have made a double investment in Harley Street, committing £40m to back the growth of medical technology in the UK.
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Concept comes to Alderley Park
Concept Life Sciences has signed for 12,400 sq ft of laboratory space across two different parts of the Alderley Park campus in Cheshire.
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Knotel signs up at 9 Times Square
Knotel has signed a lease agreement with American Realty Capital New York City REIT to take space at its 9 Times Square office building in Manhattan.
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Aviva sells the Blade in Reading for £40m
Northwood Investors is poised to buy the Blade skyscraper in Reading for a price thought to be around £40m, Property Week can reveal.
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Rockspring secures quartet of tenants for Orchard
Rockspring has signed four new retailers to its Orchard Shopping Centre in Taunton to take the centre to 90% let.
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Charterhouse secures £18m funding deal with Metro Bank
Metro Bank has provided Charterhouse Property Holdings with £18m in funding to refinance their portfolio of student and key worker accommodation on the South Coast.
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Allianz provides £212m financing for 55 Baker Street
Allianz Real Estate has extended its footprint in the UK real estate sector by providing a £212m senior loan to London Regional for the refinancing of 55 Baker Street, a mixed-use building in London’s West End.
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Costa signs for six new drive-thrus
Costa Coffee has agreed deals for six new drive-thru and ‘drive-to’ sites in Lancashire, Yorkshire and the Midlands.
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Redrow shares tumble
Redrow shares fell by as much as 8% on Tuesday after chairman Steve Morgan sold his stake in the housebuilder.
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Orange selects Bridge project as new French HQ
Mobile phone giants Orange have signed a lease for the installation of a future headquarters at Altarea Cogedim and Crédit Agricole Assurances’ Pont d’Issy project in France.
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European property ‘fairly priced’ for first time since 2009
Cushman Wakefield’s quarterly analysis of European office, retail and logistics markets has reached ‘fairly priced’ for the first time since 2009.
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Royal London acquires 7.5% Bluewater stake
The Royal London Mutual Insurance Society has acquired a 7.5% stake in the Bluewater shopping centre in Kent from Hermes Investment Management, for a price of around £150m.