All Property Week articles in 9 June 2017
View all stories from this issue.
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Online
Global advertising agency takes 11,300 sq ft pre-let at Spice
New York City-based global advertising agency Droga5 London will open its UK headquarters at Blackstone’s Devonshire Square after signing a pre-let for 11,300 sq ft of space at the Spice Building.
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Online
CBRE secures new French MD from C&W
CBRE has appointed the former president of Cushman Wakefield France to head their trading activities in France.
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News
LXi acquires long-let supported living portfolio
LXi REIT has completed the acquisition of the freehold interest in a portfolio of long-let supported living properties located in Yorkshire.
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Online
Wynnstay’s NAV rises 15%
Wynnstay Properties has revealed its NAV rose 15.4% to 674p in final year results to March 2017, compared to 584p over the same period last year.
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Online
Retailers need 'alternative revenue streams' urge KPMG
Retail investors need to “rethink” their revenue models in light of the changing demands of shoppers and occupiers so that they’re not simply relying on rental income, a KPMG report has said.
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Vermont Group’s turnover to rise to £55m
Construction and development firm Vermont has revealed its turnover is expected to grow to £55m in the year ending March 2018, with a further £120m of construction orders secured beyond that date.
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Online
PWMA entry deadline extended by one week
Due to popular demand, the entry deadline for Property Week Management All-Stars has been extended by one week, with the final deadline for all entries now Friday 23 June.
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Online
Lambeth to review high-rise stock following Grenfell Tower fire
The London Borough of Lambeth is “reviewing all of its medium- and high-rise stock” in light of yesterday’s fire at Grenfell Towers in West London.
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Thor closes on 54 Rue de Rennes in Paris
Thor Equities Europe has closed on its acquisition of the retail space at 54 Rue de Rennes in Paris for €15m.
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Online
Westferry Circus offices to hit market for £123m
Hines has announced that its office building at 1 Westferry Circus in Canary Wharf will be marketed for sale at £123m.
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Henderson Park and Hines complete rare Athens acquisition for €33m
Henderson Park and Hines have made a rare foray into the Greek real estate market to acquire the former Ledra Marriott hotel in central Athens for €33m.
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Grainger is on The Rock with £22m Bury buy
Kennedy Wilson and Fairfax Financial have sold their 233-unit PRS joint investment at The Rock in Bury to Grainger for £22.1m, reflecting a net initial yield in excess of 5%.
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OakNorth completes £3.4m loan for Romford residential scheme
OakNorth has lent £3.4m to Equitable Properties to fund the acquisition and development of 27 new flats in Romford.
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Online
Weightmans to occupy new Manchester office
Law firm Weightmans has announced a new Manchester office in the city’s commercial district.
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Online
Rose appointed new head of PAS
The director of growth, economy and culture at Milton Keynes Council, Anna Rose, has been appointed as head of the Planning Advisory Service.
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Online
UBS adds €35m logistics assets to Iberian portfolio
UBS-AM’s Real Estate Private Markets business has completed the acquisition of two core logistics assets in Madrid, PP10, for €35.15m (£30.9m) on behalf of a seperate account client of Invesco Real Estate.
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BlackRock acquires student housing in Sheffield
BlackRock Real Assets has completed the acquisition of a second student accommodation development site in Sheffield, taking the number of beds in the portfolio of its Europe Property Fund IV to more than 2,100 across five schemes.
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Online
Willis Towers Watson relocates in major city centre deal
Willis Towers Watson is set to move to MEPC’s newly developed 5 Wellington Place, from its current location at 1 and 2 Wellington Place, in one of the largest city centre deals in the UK this year.
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UKCPT acquires 61,638 sq ft Sheffield office for £20m
UK Commercial Property Trust has completed the acquisition of a single let, Grade A office building in Sheffield from Ediston Property Investment Company for £20.2m, reflecting a net initial yield of 5%.
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Online
Settled secures £1.2m funding line
UK proptech startup Settled has received a £1.2m funding line from venture capital firms Connect Ventures and Piton Capital.