Auctions
Property Week
Stories with this category.
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Doncaster retail park sold for £3.5m
22 March 2013
Ambassador Holdings has sold Centurion Retail Park in Doncaster on behalf of Fixed Charge Receivers for a price in excess of £3.5m.
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Acuitus raises £28.1m from February auction
15 February 2013
Acuitus raised £28.1m in its first auction of 2013, held this month.
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Savills auction raises more than £50m
12 February 2013
Savills residential property auction yesterday raised more than £50m – a record for the property services firm.
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Allsop makes space for auctions in Ireland
25 January 2013
Two years ago, Irish buyers would have been hard pressed to find a multiple property auction in their home country.
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Buyers turn to bridging loans to finance auction purchases
25 January 2013
Short-term financing increases in popularity.
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Former JLL team take up piano, cycling and Eddisons
25 January 2013
Property Week catches up with the five former members of the team after it was dissolved in May
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Residential auctions grow in popularity as ‘clean and efficient’ disposal method
25 January 2013
Residential auction transactions have risen since last year, research by Essential Information Group shows, but the average lot size has remained flat.
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Retail auctions market to hammer in results in 2013
25 January 2013
Talking to some of the heavyweight buyers who were at our December auction gave the distinct impression that they felt the market had reached a turning point.
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Retail property prices near bottom of market, says Acuitus
25 January 2013
Better-quality stock and prospect of bank-led sales are maintaining auction-goers’ interest in sector. Emma Haslett reports
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Allsop sees profit rise
3 January 2013
Allsop saw operating profits rise by 8% to £11.5m in the year to 31 March 2012
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Acuitus auction raises £29.27m
7 December 2012
Acuitus raised £29.27m from its December auction, achieving its best success rate of the year at 85%.
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CBRE auction raises £13.3m
6 December 2012
CBRE raised £13.3m at its last auction of the year, held yesterday at Millenniun Hotel in London.
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Acuitus auction raises £27m
19 October 2012
The latest Acuitus auction in London raised £27.25m this week.
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Allsop marks six-year auctions high
19 October 2012
Allsop this week raised nearly £75m from its October commercial auction, which had the largest number of lots for six years.
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Allsop raises £75m in largest commercial auction for 6 years
16 October 2012
Allsop has raised nearly £75m from its October commercial auction, in its largest commercial auction by number of lots for six years.
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95% success rate for Allsop's Irish auction
12 July 2012
The Irish property market is proving a hit with investors as Allsop’s July auction in Ireland achieved a success rate of 95% and raised €11.3m.
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Allsop auction boosted by distressed sellers
12 July 2012
Allsop’s summer commercial property auction, a bellwether for the investment market, achieved a positive result yesterday, fuelled by distressed sellers.
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Acuitus sells 58% of lots at July auction
11 July 2012
The auction market “is not on the slide”, Acuitus auctioneer Richard Auterac insisted today after the firm’s July sale.
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Christie's sold on Strutts expansion bid
7 June 2012
Strutt & Parker has signed an agreement with auction house Christie’s as part of a plan to improve its access to foreign buyers of luxury homes.
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Small investors could hold key to high street renaissance
18 May 2012
The high street may be suffering at the hands of insolvencies and the internet, but the value of shops sold at retail auction was up by 1% in the first quarter, IPD’s new research shows.
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Former Lithuanian Embassy to go under the hammer
4 May 2012
Acuitus is to offer 56 lots at its auction on 24 May, including the former Lithuanian Embassy at 84 Gloucester Place, London.
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Allsop raises €13m at Irish auction
4 May 2012
Allsop Space raised just short of €13m at its Irish auction yesterday, as 98 properties went under the hammer.
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JLL to shut auctions business
3 May 2012
Jones Lang LaSalle is shutting its auctions business less than a year after it acquired the team through its merger with King Sturge.
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Wembley Central retail to go under the hammer
30 April 2012
Part of St Modwen’s Wembley Central is to be to be sold at auction this month, alongside Birmingham’s O2 academy music venue.
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Auction house Acuitus achieves 64% sale rate
30 March 2012
Acuitus achieved a sale rate of 64% in its latest auction raising a total of £14.5m.
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Allsop raises £42.3m at March auction
28 March 2012
Allsop raised £42.3m at its commercial auction last night, with a success rate of 75%.
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Post-auction sale takes JLL to 88%
13 March 2012
A £4.25m post-auction sale from Jones Lang LaSalle’s 6 March catalogue has taken the firm’s success rate to 88%.The property, known as Units 1-8 Thistlebrook Industrial Estate in Greenwich London comprised a long leasehold geared industrial investment let to the local authority.A £4.25m sale reflects a net initial yield of 5.80%. The buyer is understood to be a small family-run property company.
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Jones Lang LaSalle achieves 82% at March auction
7 March 2012
Jones Lang LaSalle has raised £5.7m at its March auction, achieving an 82% success rate.
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Allsop raises £37m at February commercial auction
8 February 2012
Allsop has raised £37m at its February commercial auction, achieving a 75% success rate.
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Allsop prepares for new competition
27 January 2012
Allsop kicks off the first round of commercial auctions for 2012 on 7 February, and will contend with new entrants to the market.
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Distressed stock glimmer of hope for tough year ahead
27 January 2012
Auction teams gear up for 2012, as report confirms declining sales in 2011. Rachel Hunter reports
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Lots of gold at Dublin auctions
27 January 2012
Despite the troubled state of the Irish economy and the collapse of its property market three years ago, Allsop Space’s first property auction in Dublin last April was packed, and late arrivals had to spill out on to the street.
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On the rostrum
27 January 2012
Auction process is not crude, but timely and cost-effective
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Auction house yields continue to rise
20 January 2012
Yields continued to weaken over the final round of auctions last year, with the average all-property yield rising 70 basis points to 9.1 between October and December, the latest cPad report shows.
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Acuitus auction raises £18m
9 December 2011
Acuitus’ sixth and final auction of the year was dominated by receivership lots, and raised £18m with a 61% success rate.
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Allsop auction raises £33.7m from 77 lots
6 December 2011
Allsop sold 77 of 113 lots at its commercial property auction in London today, achieving a success rate of 68%.
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CBRE achieves 64% success rate at debut auction
11 November 2011
CBRE achieved a 64% success rate at its debut auction yesterday, raising £26.5m.
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Acuitus sells 63% of the lots at its October auction
20 October 2011
Acuitus sold two-thirds of the lots at its October auction, raising £26m.
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Lowest success rate in three years at Allsop auction
11 October 2011
Just 112 out of 167 lots were sold at the latest Allsop commercial property, resulting in its lowest success rate for three years.
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Acuitus to hold its largest auction
5 October 2011
Acuitus is to hold its largest auction since the company was set up last year with 71 lots.
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Allsop Space sells 84% at Irish auction
26 September 2011
Allsop Space’s third Irish property auction has raised almost €10m with a success rate of 84%.
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Savills to conduct first distressed auction in Ireland
6 May 2011
Savills is to conduct its first auction of distressed property in Ireland in September.
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Two receivership sales at Cannon auction
30 March 2011
Two Nationwide receiverships sales from Cannon Capital’s latest auction have sold for just over £450,000.
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Cannon Capital to auction Nationwide receivership properties
28 March 2011
Two of the lots in Cannon Capital’s auction this afternoon are receivership sales for Nationwide.
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Auctions team moves: CB Richard Ellis sets up and Cushman closes auctions business
25 March 2011
Cushman & Wakefield is to close its UK commercial property auctions team, with its existing team moving to CB Richard Ellis.
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Banner in works for Acuitus
11 March 2011
One of the lots in last month’s Acuitus auction was a residential development site in London’s west Kensington
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Acuitus holds best auction so far
23 February 2011
Acuitus raised £25m from its February auction, which was characterised by a broad range of international and domestic buyers investing in an equally broad range of assets.
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Allsop raises £48.5m but sales drop to 67%
9 February 2011
Allsop raised £48.5m, with a sale rate of 67%, at its first commercial auction of the year yesterday.
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Savills closes commercial auction team
20 December 2010
Savills is closing its commercial auction team at the end of the year, resulting in the loss of three jobs.
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Targetfollow assets sell at Acuitus auction
10 December 2010
Three out of four assets from the Targetfollow portfolio sold at the Acuitus commercial auction yesterday.
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Acuitus auction sees strong UK interest
10 December 2010
Acuitus raised £25.9m from 24 lots yesterday, with a sale rate of 55%.
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Floating hotel at former coal jetty touted by auctioneer
8 December 2010
A former London coal jetty is being marketed as a berth for a floating hotel to help meet the shortage of hotel beds ahead of the 2012 Olympics.
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Allsop hits 80% sale rate at December auction
8 December 2010
Cash-rich foreign buyers and new Far Eastern investors helped Allsop drive its sale rate back to 80% at its last commercial auction of the year yesterday.
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Acuitus sells 52% for £17.3m at autumn auction
25 October 2010
Acuitus raised £17.3m from 29 lots at its autumn auction last week, selling 15 lots to achieve a sale rate of 52%.
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Allsop hits 71.5% at autumn auction
19 October 2010
Allsop raised £73m from 155 lots at its autumn auction today. One hundred and eleven lots sold, representing a success rate of 71.5%.
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Savills hits 62% at autumn auction
13 October 2010
Savills sold 19 lots out of 31 at its autumn commercial auction this week, a success rate of 62%.
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Savills' Commercial Auctions Report: September 2010
30 September 2010
Demand from cash rich buyers remains strong but with more stock expected to be released in the next six months and economic uncertainty continuing, caution is still evident.
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Commercial auctions show good returns but success falls
29 September 2010
Lots sold at commercial auction have achieved an average sale price 15.7% over the guide figure, according to Savills’ market review.
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Auction House launches in Manchester
28 September 2010
Auction House is launching a Manchester auction at the Mercure Manchester Norton Grange Hotel on 21 October.
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Bridging Finance Solutions wins auctions appointment
9 August 2010
Auction House has appointed short-term lender Bridging Finance Solutions as a preferred finance supplier.
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On the rostrum Simon Parker
06 August 2010
’Motivated’ sales may signal an end of the guide-busters
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Intelligence: Auctions Results Analysis System data
16 July 2010
Success rates plummet to 16-year low in second quarter
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Savills hits 89% despite auction downturn
13 July 2010
Savills achieved a success rate of 89% at its commercial auction yesterday, raising £5m from 26 lots.
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Auction houses hit by summer lull
9 July 2010
Property auctions have suffered a disappointing week, with results from Cushman & Wakefield, Acuitus and Allsop all showing a significant drop in success rates.
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Auction House passes £40m in six-month sales
7 July 2010
Auction House achieved sales of £42.7m from 41 auctions across the country in the first six months of this year.
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Allsop raises £51m but success falls to 66% at fourth auction
7 July 2010
Allsop raised £51m from 136 lots at its fourth commercial auction of the year yesterday, a success rate of 66%.
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Cannon Capital raises £5m at second auction
6 July 2010
Cannon Capital raised £5m with a success rate of 55% at its second auction held at Claridge’s Hotel in London’s Mayfair.
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Colliers auction team bows out
8 June 2010
Colliers International is to close its auction department.
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Hong Kong residential site fetches £970m
8 June 2010
Sun Hung Kai Properties, the world’s biggest developer by market value, paid HK$10.9bn (£970m) for a residential site at a public auction in Hong Kong, the highest price in Hong Kong since its property market peak in 1997.
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On the rostrum: Richard Auterac
04 June 2010
First-time nerves give way to delight as UK market shows its resilience
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80% success at Allsop auction nets £51m
18 May 2010
Allsop achieved an 80% success rate at its third commercial auction of the year yesterday, raising £51m from 74 lots. One hundred lots went under the hammer at the Park Lane Hotel. Seven were withdrawn before the event and 19 went unsold.
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Savills sells 57% of 16-lot commercial auction
11 May 2010
Savills yesterday held its second commercial auction of the year, selling 57% of the lots and raising £4m.
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Auctions: will the ‘living room’ replace the ‘ballroom’?
26 March 2010
Zoopla claims the death of the traditional auction after its first online event
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Allsop auction sees 84% sales rate
25 March 2010
Allsop saw “steady improvement” at its commercial auction yesterday, recording a success rate of 84%.
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JLL nets 79% success rate
18 March 2010
Jones Lang LaSalle secured a 79% sale rate, raising a total of £39m, at its commercial property on 10 March.
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Cushman reveals “shift in mood” at disappointing auction
17 March 2010
Cushman & Wakefield auctioneer John Townsend said there was a “noticeable shift in mood” at his firm’s auction last week with cash buyers becoming more selective in what and where they would buy.
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Singer Vielle sells everything in first UK online realtime auciton
17 March 2010
Singer Vielle, the investment agent, secured a 100% success rate at the first online realtime auction in the UK, selling three dental surgeries in Colchester, Blackpool and Chelmsford.
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Bigwood’s West Midlands auction raises £7m
16 March 2010
Birmingham-based Bigwood’s March sale saw 70 per cent of the 91 residential lots sold for a total of £7m.
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REDC and Zoopla.co.uk sells 57 properties in debut sale
19 February 2010
US auction house Real Estate Disposition Corporation (REDC) and Zoopla.co.uk sold 57 properties in their first joint venture online auction sale last weekend and said this showed a shift in the auction sector “from the ballrooms to the living rooms” as people were happy to buy property online.
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City View: Duncan Moir
19 February 2010
A recovery is surfacing, but we may still be pulled under by bad debt
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Allsop sees demand for London-based catalogue reduce average retail yields
11 February 2010
Allsop kicked off 2010 with a strong commercial sale yesterday that saw average single let retail yields in the room drop by around 70 basis points since December.
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Pearl's a seller
5 February 2010
In next week’s keenly awaited first Allsop auction of the year, investor David Pearl will make the latest in a rare series of sales. What is his plan? Nick Duxbury finds out
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JLL auctions team sets up on its own
2 February 2010
Jones Lang LaSalle’s auction department is breaking away from the firm to set up on its own.
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REDC teams up with Zoopla.co.uk for online auctions
25 January 2010
US auction house Real Estate Disposition Corporation (REDC) has formed a joint venture with property website Zoopla.co.uk to hold live online residential auctions.
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Cushman & Wakefield and Jones Lang LaSalle end the year with increased auction sales
18 December 2009
Cushman & Wakefield and Jones Lang LaSalle both saw the totals raised increase in their final commercial sales of the year, raising £82m between them.
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Barnett Ross finds its place in the Spanish sun
20 November 2009
Barnett Ross has teamed up with the Channel 4 television programme A Place in the Sun to hold an auction of Spanish residential property
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Allsop hauls £50.8m in bumper one day sale
6 November 2009
The sale rate at Allsop’s residential sale at London’s Cumberland Hotel a week last Thursday reached 89% as it hauled £50.8m in one of its biggest ever one day sales.
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Countrywide adds auctions dates due to increased demand
2 November 2009
Countrywide Property Auctions to added three auction dates to its sale diary in response to the rise in demand from private buyers in the auction room.
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Lots sell for double reserve at Savills residential auction
30 October 2009
Lots were selling for prices close to double their reserve at Savills residential sale on Monday where the auction house sold 89% of its catalogue.
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Cushman & Wakefield sees long-lease demand increase
30 October 2009
Cushman & Wakefield had a mixed result at its sale at London’s Bafta a week last Thursday as demand for long-lease well located lots increased – but regional lots fell short.
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Jones Lang LaSalle auction sees “strongest demand in years”
29 October 2009
Jones Lang LaSalle heralded “the strongest demand in years” at its commercial sale last Wednesday where prices continued rally.
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Allsop’s sales soar as prime yields rally
23 October 2009
Auction house offloads 92% of lots and raises more than £80m last week
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Savills maintains good sale rate
16 October 2009
Savills enjoyed strong sales at its fourth commercial auction of the year on Monday at the ballroom of London’s Claridges Hotel.
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King Sturge follows up industrious auction with 89% sale rate
9 October 2009
King Sturge has followed up the success of its industrious auction in July with a sale rate of 89% at an auction which saw the return of speculative developers.
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Jones Lang LaSalle and repo outfit REDC in US online auction launch
9 October 2009
Jones Lang LaSalle has joined forces with home repossession seller Real Estate Disposition Corporation (REDC) to launch a US online auctions service
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Andrews & Robertson sees Northern sales slow
25 September 2009
Andrews & Robertson saw its sale rate dip at its mixed residential and commercial auction on Tuesday.
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Savills resi sale rate soars
25 September 2009
Savills enjoyed a sale rate of 92% at its residential sale at the Millennium Hotel last Monday.
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Allsop's slimmed resi sale success
25 September 2009
Allsop racked up a strong sale rate of 86% last Tuesday at its September residential sale which featured a slimmed catalogue.
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JLL launches online auction service
16 September 2009
Jones Lang LaSalle is joining with Real Estate Disposition Corp. to start an online auction service to sell commercial property and loans.
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REDC ponders online-only auctions as repo lot levels fall
11 September 2009
Controversial US newcomer may shelve third auction and move operations exclusively to web
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Auctions prompt housing recovery caution
10 September 2009
The recent recovery in the housing market is likely to have been built on unstable foundations, a group of economists claims today, following a drop in demand and prices at property auctions over the summer.
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DLF sole bidder 350-acre Haryana site
19 August 2009
DLF, India’s largest real estate developer, was the sole bidder for the 350-acre land parcel in Gurgaon put up for auction by a Haryana state corporation.
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Sellers beware as FSA tightens rules on retail distribution
07 August 2009
Fund managers and advisers protest against proposed rules on selling of investment products
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Auctions: How Colliers CRE cast its web wider
31 July 2009
Specialist internet software helped the firm land a £465m public sector auction
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Auctions: King Sturge kicks off Industrious revolution
24 July 2009
Auctions division surprises naysayers with high prices for receiver Ernst & Young. Nick Duxbury reports
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Lot sizes grow as 'big three' net £139m at auctions
17 July 2009
Risk takers put yields under pressure at Allsop, Jones Lang LaSalle and Cushman & Wakefield sales
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Yields fall at Allsop’s biggest sale in 14 months
8 July 2009
Allsop held its biggest commercial auction in 14 months yesterday at London’s Berkeley Hotel where average yields dropped.
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Allsop graduate clinches RICS rookie auctioneer prize
26 June 2009
Daphne Mahon beats three finalists to win RICS Matrics auction competition
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Auction coup for Pugh & Co
01 May 2009
Pugh & Co had its most successful sale in more than a year last Thursday
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Severn Trent Water appoints agents and auctioneers
11 March 2009
Severn Trent Water has appointed ten firms of agents and auctioneers to deal with its 400 lot property disposal programme.
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Property auctions predictions for 2009 (video)
23 January 2009
2008 and was a tough year for property auctions. Commercial sales more than halved from 2007, as auctions were starved of both willing sellers and cash-rich buyers. And though residential sales were not so badly hit, average lot sizes dropped by up to 20%, with sales bolstered only by a surge in repossessions.
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Charities clean up at Savills’ £21.7m residential auction
04 August 2006
Properties bequeathed in wills exceed guide prices
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Dont bank on it
04 August 2006
Are investors still right to yearn for banks?
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Scottish investor captures Shetlands castle
04 August 2006
A Scottish investor has bought Muness Castle for £65,000 to regain the property for his native land from a client of south London auctioneer Andrews & Robertson.
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Taking lots of chances
04 August 2006
Goldcrest Homes’ chief executive relishes the risk of buying sites without planning permission at auction. Christine Eade reports
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Allsop edges close to £1bn sales total
13 January 2006
Allsop came within £1m of breaking through the £1bn barrier from its 2005 property auctions.
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Auctions
13 January 2006
Forged letter fails to reduce value of residential lot Allsop edges close to 1bn sales total Prettier vacant Reit Asset Management
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Forged letter fails to reduce value of residential lot
13 January 2006
Investor tries to swindle property owner with fake council notice alleging structural damage
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National and provincial
13 January 2006
London may be the centre of the auctions universe, but regional sales are giving the capital a run for its money.
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Prettier vacant
13 January 2006
Last year will be remembered as the year when two events tainted the UK auctions market: the collapses of Southern Cross and S-Mart.
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Auction rooms deliver solid first half despite fewer sales
05 August 2005
Strong second quarter lifts sector after sluggish start to year
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Buyers beware
05 August 2005
Private investors who bought properties leased to Southern Cross Group at auction are preparing to swallow massive losses.
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A chastening experience
14 January 2005
Chaste Property Auctioneers’ first sale demonstrated how tough it can be to break into the auctions market.
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A piece of the auction
14 January 2005
Big agency firms are looking to muscle in on the auctions sector. But poaching experienced auctioneers from rival firms is proving tough.
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Virtual real estate
14 January 2005
The government’s e-conveyancing programme could bring virtual auctions a step closer to reality.
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Close Brothers keeps CHIP offer open
21 May 2004
Private investors have been given a second chance to invest in Close Brothers' commercial property fund.
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Consortium makes tasty Edinburgh investment
21 May 2004
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Kiwis target UK investors for first NZ sterling fund
21 May 2004
Offshore vehicle brings benefits of low-tax New Zealand market to Britain
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Airdrie’s £16.6m retail sale
14 May 2004
A syndicate of private investors has sold the Airdrie Retail Park for £16.6m. The 100,000 sq ft (9,290 sq m) shopping centre was bought by Morley Pooled Pensions.
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Hotbed buys £9.4m Leeds office investment
14 May 2004
Private investors have shown renewed confidence in offices.
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Yields fall by biggest margin for two years
14 May 2004
Latest ARAS results indicate private investor buying power is increasing
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Conference confident of future investment and rise in values
7 May 2004
Audience and speakers alike at the IPD conference were confident that the increasing levels of private property investment of the last two years will continue to rise.
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Experts: fund managers must improve
7 May 2004
Fund managers of private investment property funds must address their lack of transparency, two sector experts told the IPD private investor conference.
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REITs will behave like shares not property
7 May 2004
Australian investment guru Colman warns private investors of REIT volatility
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Auctions
30 April 2004
It was a tale of two auctions this week as the mood of investors at Barnett Ross and Thomas Addison produced contrasting results.
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Private investors hit by funds' high fees
30 April 2004
IPF warns that charges and lack of transparency will damage property investment.
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Targetfollow buys Coventry leisure complex for £21.4m
30 April 2004
A consortium of private investors has sold a leisure complex in Coventry for £21.4m.
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Bewers ties up £14m JV
23 April 2004
Leading shed agent Paul Bewers has landed a £14m joint venture with a wealthy investor, completing the first deal through his investment vehicle Bournelodge.
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Czech Republic is hottest market of new EU states
23 April 2004
British investors primed as Prague capital values soar ahead of entry to European Union
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Irish investor lands £12.2m Surrey offices
23 April 2004
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Aussie expert to address IPD conference
16 April 2004
Australia’s leading private investment expert has advised small investors to join forces to invest in the surburban retail sector.
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Isis launches £240m REIT-style listed trust
16 April 2004
£240m listed Isis Property Trust 2 to follow successful vehicle launched last October
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Double fund launch opens the door for retail investors
8 April 2004
Two new property investment funds open to private investors were launched this week, both aiming to capitalise on the improving south-east property market.
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Post-auction sales highlight caution
8 April 2004
Prospect of interest rate rise threatens to dampen investors’ enthusiasm
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Townsend celebrates his century
8 April 2004
John Townsend, senior auctioneer at Cushman & Wakefield Healey & Baker, celebrated his 100th auction this week at a surprise drinks party held in his honour at BAFTA in London’s Piccadilly. More than 200 of Townsend’s colleagues and friends were there to mark the occasion.
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FSA reforms revive prospects for PUTs
2 April 2004
Property unit trusts may be more attractive than PIFs following rule changes
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Trillium to put surplus government space under the hammer
2 April 2004
Outsourcing specialist Land Securities Trillium has put up for auction surplus Department for Work and Pensions (DWP) assets.
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Mayfair Capital Partners offers third fund with lower gearing
26 March 2004
The choice of property funds on offer to private investors continues to grow after the launch of a limited partnership at Mayfair Capital Partners this week.
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Small investors get the right to buy …
26 March 2004
Simplified tax system for pensions opens door for property investment
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Investor hunger for property remains
19 March 2004
PrimePitch/Property Week survey shows half of respondents still optimistic
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Trio join up to give investors more residential buying power
19 March 2004
Private investor acquisition specialist Acquisition Investment Consulting (AIC) is planning to set up a series of tax-efficient partnerships to give private investors greater purchasing power in UK residential property.
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Duo set to strengthen celebrity fund manager
12 March 2004
Active Asset investment Management, the fund manager backed by sports celebrities such as Manchester United manager Sir Alex Ferguson and Leeds United striker Alan Smith, has made two key appointments.
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Fund buys £15m assets
12 March 2004
The private investor property fund launched by investment bank Babcock & Brown has acquired a portfolio of six properties from the Eagle II syndicate for £15m.
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HBoS fund chief to fill asset advice gap
12 March 2004
Changes at fund management arm leave Goble with ‘too narrow’ role
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Crime agency targets money laundering
5 March 2004
National Criminal Intelligence Service calls on industry's conscience
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Standard Life fund buys £6.6m warehouse office
5 March 2004
Standard Life Investments Property Income Trust Limited (SLIPIT) has bought 2-4 Bucknall Street, London WC2, for £6.5m.
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Syndicates show their buying power
5 March 2004
Syndicates made a strong showing at the auctions last week of Jones Lang LaSalle and Cushman & Wakefield Healey & Baker, despite escalating sale prices.
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… as Middle Eastern investors’ hunger grows
27 February 2004
Cushman & Wakefield Healey & Baker opened up its operation in Dubai seven years ago, with a view to harnessing the wealth of the Gulf State’s private investor.
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CWHB Gulf chief returns to London …
27 February 2004
Tim Weale joins Portman Square team to target Middle Eastern investors
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Parkwood acquisition tips portfolio over £100m
27 February 2004
The property portfolio of Private investors Robert Maxted, John Lorimer and Derek Lucie-Smith has topped the £100m mark with the acquisition of a shopping centre near Liverpool.
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Allsop raises a glass to public house success …
20 February 2004
Parcel of properties let to Chef & Brewer raises £9.8m
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Lawyer backs RICS anti-fraud drive
20 February 2004
A top crime and fraud solicitor has backed the RICS-led campaign for greater awareness among UK property agents and auctioneers of the new money-laundering laws.
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SPREFS fund plays it safe
20 February 2004
SPREFS, the financial services arm of Strutt & Parker, is launching a low-risk UK commercial property fund aimed at private investors.
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Auctions
13 February 2004
Results
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Fund manager's lunchtime goal
13 February 2004
Active Asset Investment Management, which buys properties for wealthy business leaders and sports personalities such as Sir Alex Ferguson, continues to marry the worlds of property and football.
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Interest rate rise will not hit property performance
13 February 2004
THE CONTINUING RISE IN interest rates will not have the negative impact on the property market that many are predicting, claims fund manager Isis Property Asset Management.
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Tilney takeover to fuel Cardales expansion
13 February 2004
Private investor manager plans to grow its activities in UK and abroad
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£9.2m buy for Gosforth
30 January 2004
A private investor has bought Gosforth shopping centre near Newcastle for £9.2m, beating off seven institutional funds.
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Average lot sizes bigger than ever
30 January 2004
The size of lots sold at auction is at an all-time high, despite a reduction in the amount of lots offered and harder yields making investors cautious.
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CHIP builds on success of first year
30 January 2004
Close Property Management’s high-income fund Close High Income Properties (CHIP) is set to raise up to £50m to build on its existing property portfolio.
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East Anglian fund set to reach £35m goal
30 January 2004
Mayfair Capital will buy throughout region as investors show confidence
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Pensioners prefer property
30 January 2004
Pension investors would like their fund managers to invest more than three times as much money in property, a survey has revealed.
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Buy-to-let Lifts Yorkshire resi market
23 January 2004
Private investors are pouring money into Yorkshire's buy-to-let market, causing investment purchases in the region to outstrip the UK average.
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Joint venture calls time on pub pool
23 January 2004
British Land and Scottish & Newcastle to end association this year
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Private clients pile into central London offices
23 January 2004
Private investors will continue to drive the auctions market this year, according to Legat Corbishley, a specialist in restructuring and acquiring property for private portfolios
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Care home sector returns top 18%
16 January 2004
Investors attracted by value-for-money properties
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Jameel family brings Reading offices fillip
16 January 2004
A Middle Eastern investor has shown confidence in the beleaguered Reading office market by buying Eldon Court for £8.83m.
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Resi stifled over pension funds cap
16 January 2004
Investors in self-invested Personal Pensions (SIPPs) eager to put their cash in residential property have been delayed by a row over pension simplification.
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Perth park sells at 5.5% yield
9 January 2004
A private investor has bought the 40,275 sq ft (3,750 sq m) third phase of a retail park in Perth from Scottish Widows Investment Partnership’s £200m UK Balanced Property Trust.
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RICS urges commercial caution
9 January 2004
The RICS has warned private investors to do their homework before rushing to invest in commercial property. The warning is a response to what the RICS terms ‘a new breed of financial products’ available on the investment market.
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Shore fund aims for London office revival
9 January 2004
Puma Property II looks to cash in on anticipated recovery over next two years
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Yield influence
9 January 2004
Keen buyers, steady base rates and the government's REIT announcement pushed down yields and made 2003 a year to remember in property auctions.
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Biggest-ever lot is sold at JLL auction
19 December 2003
Sainsbury's and Next units at Victoria Station under the hammer for £11.46m
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Breen launches new fund
19 December 2003
Veteran developer Richard Breen is to launch a property fund for private individuals with a minimum of £25,000 to invest.
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German fund buys EMI’s London HQ
19 December 2003
The influx of German money into the UK is set to continue with European real estate firm IVG Immobilien AG’s launch of a ¤147m (£104m) fund for private investors to buy office buildings in London, Bonn and Nuremberg.
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Strettons founder Tobin dies aged 89
19 December 2003
Strettons founding partner and first auctioneer Sidney Tobin has died at the age of 89 after a long illness.
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Allsop ends record year with £101m sale
12 December 2003
December auction brings 2003 total to £705m
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Irish investors win battle of Hastings
12 December 2003
Boots Properties has sold its Priory Meadows shopping centre in Hastings, East Sussex, to private Irish investors for £61.5m.
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Patience is a virtue for small investors
12 December 2003
As they peered through the double doors leading to the packed Allsop auction room at the Berkeley Hotel, a couple from south London blew out their cheeks and rolled their eyes at the high price paid for a bank investment, writes Natalie Stevenson.
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Auctions analysis
5 December 2003
Cushman & Wakefield Healey & Baker’s last London auction of 2003 raised £31m with an 81% success rate, taking its total for the year up to £256m.
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Investors’ property love affair continues
5 December 2003
Property Week/Primepitch survey shows private buyers on the increase
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New investor guide for IFAs
5 December 2003
The Investment Property Forum has launched a guide to help independent financial advisers (IFAs) advise private investors of opportunities and risks in commercial property investment.
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Stakes in unit trusts go on sale at auction
5 December 2003
Allsop’s private investment arm, Consortium Investment Management, plans to hold the first auction of stakes in unauthorised unit trusts and limited partnerships.
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Deutsche feeder fund for 'man in street'
28 November 2003
£100m offshore fund brings property to private investors
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Irish bank holds UK key
28 November 2003
Bank of Ireland Life is set to raise ¤50m (£35m) from Irish private investors for a ¤150m (£104m) fund to buy UK commercial property.
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Move offshore set funds in new direction
28 November 2003
Deutsche’s Managed Property Fund led the way in the 1980s by moving offshore. UK PUTs, which are only available to tax-exempt pension funds and charities, become available to tax-paying investors when they go offshore.
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Online auction soars with ¤30m sale
28 November 2003
A Jones Lang LaSalle internet auction last week provided the platform for the ¤30.8m (£21.4m) sale of a Spanish airline’s headquarters.
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Evolve makes first natural selection for £7.5m
21 November 2003
Evolve, a newcomer to the private investor sector, has acquired its first property on behalf of a private syndicate for £7.5m.
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Standard Life to set up private fund duo
21 November 2003
Private investors set to gain from £154m commercial portfolio in first new fund
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Allsop’s new team scoops £28m in two weeks
14 November 2003
Allsop’s New TEAM for private investor clients has completed more than £28m worth of deals in the fortnight since its launch.
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Auctions analysis
14 November 2003
Private investors paid more than £45m at last week’s London auctions in advance of the rise in interest rates.
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Close fund to buy phone retailer's HQ
14 November 2003
£41.5m 'low-risk' deal for Carphone Warehouse office in west London
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Auctions analysis
7 November 2003
Channel four’s Property Ladder programme visited Allsop’s 29 October residential auction looking for private investors who contributed to the £33.4m raised.
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CBRE follows Allsop with team dedicated to private investors
7 November 2003
CB Richard Ellis has followed Allsop in creating a team to exclusively target private investors and collective investment schemes.
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FSA investment overhaul welcomed
7 November 2003
Changes to collective investment schemes will allow more flexibility
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£120m Isis fund follows Widows
31 October 2003
Isis Property Trust this week launched a £120m property investment company for private investors.
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Auctions analysis
31 October 2003
private investors fought over retail, industrial and even well-let office lots at Jones Lang LaSalle's 23 October London auction, which raised £44m.
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Investor fund to buy Leeds' tallest tower
31 October 2003
JLL-managed fund to pay £85.5m for 30-storey Bridgewater Place scheme
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Pension fears help property
31 October 2003
Private investors are being forced to put money into property because they are dissatisfied with company and private pension schemes, University of York research has revealed.
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Allsop moves to take care of investor trend
24 October 2003
New team will market properties to buyers outside the auction room
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Five-year swap rate rise fails to deter Nelson Bakewell buyers
24 October 2003
The rise in the cost of of borrowing did not deter private investors at Nelson Bakewell's sale, which raised £23m.
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Allsop sets £148m record for commercial auction
17 October 2003
Highest-ever UK sale softens fears that private investor buying is slowing
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Phones tingle for investors, but nerves hold firm
17 October 2003
Downturn, what downturn? the feverish excitement at Allsop’s commercial auction showed that private investors just love property.
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Yields fall as sales in quarter three outstrip 2002 by a third
17 October 2003
A third more lots were sold at auction in the third quarter of 2003 compared with same period last year, the Auction Results Analysis Service (ARAS) revealed this week. The increase in private investor bidding has pushed prices up and yields down.
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Auctions analysis
10 October 2003
Leisure investments were thrown in the spotlight when singer Robbie Williams’ childhood pub home sold for £330,000 to a private investor at Harman Healy’s 30 September auction in London.
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Hotbed buys Norfolk centre
10 October 2003
Private equity specialist Hotbed last week completed the £2.5m purchase of a shopping centre and plans to offer the equity slice to private investors with as little as £25,000.
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Private investor spending plummets
10 October 2003
Individuals hit by five-year swap rate rise and wobbly economy, says DTZ
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Auction analysis
3 October 2003
An upturn in buy-to-let investor interest has fuelled recent sales but investors are continuing to bid for diverse lots and seeking balanced portfolios.
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CHIP is up after flotation
3 October 2003
Close Property Management has reported a 10% increase in the share price of its high-income fund Close High Income Properties (CHIP) since floating on 4 April, despite suffering a setback last week.
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Fund review offers research to investors
3 October 2003
New review brings independent analysis and market commentary
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Schroders to launch ‘fund of funds’
3 October 2003
Schroders will launch a new open-ended property ‘fund of funds’ next month, it announced this week.
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Allsop's biggest-ever resi sale raises £42.4m
26 September 2003
94% success rate allays fears of housing sector softening
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Surgeries group sets up scheme to save on charges
26 September 2003
Harry Hyman's Primary Health Properties (PHP) has launched a scheme through which private investors can buy shares in companies quoted on the stock exchange without incurring costly brokers' fees.
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Private individuals target leisure and retail sectors
19 September 2003
As the auction season gathers pace, private investors are vying for leisure and retail property with the aim of applying for changes of use.
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Syndicates scramble to get in the zone
19 September 2003
Investors try to cash in on enterprise zones' tax breaks
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Collective investment reform fears raised
12 September 2003
Industry says tax changes needed if FSA proposals are to work
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Sainsbury's store in Wolverhampton joins the GOLD rush
12 September 2003
The £19.5m acquisition of a Sainsbury's store in Wolverhampton has taken Pinder Fry & Benjamin's Geared Opportunity Limited Downside (GOLD) property portfolio up to £400m
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Allsop investor buys £8.6m Peak Village retail and leisure centre
5 September 2003
A UK-based private individual and long-term investor client of Allsop has bought the Peak Village shopping outlet and leisure centre in Derbyshire for £8.6m
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Swap-rate rise set to spark yield increase
5 September 2003
Ability to borrow money could be hampered as banks tighten lending
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Middle East fund's £15m double buy
29 August 2003
£100m Albait vehicle looks for value outside central London
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Resi funds may be allowed into SIPPs hints Revenue
29 August 2003
Residential property may be allowed into Self Invested Personal Pensions (SIPPs) and could spark another boom in the buy-to-let market
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Sharia: an investor's guide to Islamic law
29 August 2003
Muslim investors are determined to buy commercial property in the UK to take advantage of the low cost of money
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Cheval's £125m retail purchase
22 August 2003
Irish private investor Cheval Properties has bought a £125m retail portfolio from Morley Asset Management
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CHIP nets £55m investment
22 August 2003
The value of property in Close Property Management's high income fund has hit £55m with the acquisition of seven investment properties
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Small auction firms show most growth
22 August 2003
Mark Jenkinson and Winkworth enjoy private investor boom as Allsop stays top
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Investor confidence in commercial property soars
8-15 August 2003
Primepitch/Property Week survey reveals more optimism about the economy reflected at auction
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Unusual lots keep attendances high at end-of-season auctions
8-15 August 2003
Private buyers at regional auctions throughout the UK have been battling to land unusual lots as the summer auction season drew to a close
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Auction analysis: Investors eye up industrial investments
1 August 2003
Private investors showed increased confidence at last week's FPDSavills auction in Mayfair, London, by bidding for industrial space rather than residential and retail property
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SIPPs service for property pensioners
1 August 2003
Individuals can pool self-invested personal pensions for property investment
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West London office attracts overseas investor
1 August 2003
A middle-eastern private investor last week bought a west London office investment for £9m cash from Legal & General
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Auction analysis: Private buyers fuel London sale frenzy
25 July 2003
An explosion of private investor interest in fashionable areas of north London, such as Camden, Islington and Finchley, has been seen at recent auctions
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Man Utd boss tackles commercial sector
25 July 2003
Ferguson takes stake in Mark Tagliaferri's investment company
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TowerGate invests £14m in spec development
25 July 2003
Three top former English & Overseas Properties (E&OP) men, who set up a £40m speculative development fund for private investors a year ago, have invested 40% of the money in five schemes
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British Land portfolio is star of Allsop sale
18 July 2003
Properties jointly owned with Scottish & Newcastle achieve 'huge result'
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Fund beats private buyers to London site
18 July 2003
An institution outbid private investors to buy a north London industrial site for £1m more than the guide price at Jones Lang LaSalle's auction on 10 July
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Industrial finds favour at auctions
18 July 2003
The number of factories and distribution depots sold at auction in the second quarter this year more than trebled compared with the same period last year
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Camden sale raises £2m
11 July 2003
The London Borough of Camden raised almost £2m by selling the vacant upper floors above the retail investments it owns in Hampstead, raising nearly twice as much as expected at McHugh & Co's auction on 7 July
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Family trust snaps up Manc shed at 7.4%
11 July 2003
Trafford Park property fetches £70,000 more than guide and provides low yield
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Liverpool youth centre fetches double its guide
11 July 2003
Liverpool City Council raised £147,000 from the sale of the former Anfield Youth Activities Centre, in Belmont Road, Liverpool, at the Venmore Partnership's auction at the Britannia Adelphi Hotel on 3 July
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Auctions round-up
4 July 2003
Chepstow Road popularNotting Hill Home Ownership sold five flats on new 125-year leases in Chepstow Road, London W2, for £1.39m at Barnard Marcus's auction at the Café Royal, London, on 30 June.
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Redleaf fund makes first investment
4 July 2003
Lathe's fourth investment vehicle buys Yorkshire shopping centre
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£18m Redevco Glasgow deal
27 June 2003
Redevco Asset Management has bought a Glasgow office building from Catalyst Capital LLP and JER Partners for £18m, the biggest office investment deal in the city this year
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Ealing site beats guide
27 June 2003
An Irish property developer paid £1.66m – a vast improvement on the £1m guide price – for an industrial and office site on Western Avenue in Ealing, west London at FPDSavills' auction on Monday 23 June
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Financial advisers to learn about property
27 June 2003
Education programme to demystify property for financial services industry
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Argent seals Brindleyplace private syndication deal
20 June 2003
Shares in £300m Birmingham office project to be offered to up to 100 private investors
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Fire destroys landmark Hackney store
20 June 2003
A landmark building in the east London borough of Hackney has been destroyed by fire a fortnight after it failed to sell at auction
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Parallel makes stately progress in serviced office market
20 June 2003
Is this the most sumptuous serviced office in the country?
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18th-century Scottish abbey misses guide
13 June 2003
Fort Augustus Abbey, Invernesshire, the 18-century home of the Duke of Cumberland which later became a Benedictine abbey, sold for £850,000 at Pugh & Co's auction, way below the guide price of £1.5m
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Ex-army quarters in Blackheath fetch £2.7m
13 June 2003
Annington Homes, which bought the army's married quarters in 1996 for £1.6bn, sold six flats in the centre of Territorial Army land in Blackheath, south-east London, for £2.7m, at Allsop's auction on 2 June
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Family trust portfolio exceeds expectations
13 June 2003
A family trust raised 40% more than expected when it sold a portfolio of commercial and residential investments at Andrews & Robertson's auction on 4 June
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Holborn lot tempts private buyer
13 June 2003
Structadene boss pays £3.5m for shops and offices in London's Midtown
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McDonald's beats guide before auction date
13 June 2003
A McDonald's drive-through restaurant on Bradford Road, Brighouse, west Yorkshire, sold for more than £900,000 before Harman Healy's 3 July auction
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Ore gets more
13 June 2003
The Ore Business Park, Farley Bank, Hastings, East Sussex, sold for £455,000 at Clive Emson's auction on 5 June, ahead of its £400,000 guide price
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Abbey's Salford shed fetches £2m
6 June 2003
Yield of 6.85% achieved on industrial investment at Nelson Bakewell auction
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Mixed fortunes on Countrywide tour
6 June 2003
More than half of the investments were sold before Countrywide's auction at the New Connaught Rooms in London on 27 May
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Owner lowers expectations after Hackney landmark fails to sell
6 June 2003
Strettons' auctioneer Graham Slyper is still talking to several prospective buyers that want to purchase the furniture store E Gibbons, a landmark building in the east London borough of Hackney
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Bristol distribution site sets sale record
30 May 2003
Biggest-ever sum paid by private investor at Allsop auction
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Councils sell surplus resi
30 May 2003
London local authorities continued their disposal of surplus residential property at FPDSavills' auction on 19 May
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Private investors move on London lots
30 May 2003
Private buyers spent more than £3m on three London landmarks at Jones Lang LaSalle's auction on 19 May
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Khalastchi joins race to land Morley shops
16 May 2003
North London investor takes on institutions to land £116m portfolio
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Maxted consortium buys Arndale
16 May 2003
Private property entrepreneurs Robert Maxted, John Lorimer and Derek Lucie-Smith have increased the size of their joint portfolio to £90m after buying the Arndale Centre in Accrington, Lancashire, for £28m
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Private buyers pay £34.6m for call centres
16 May 2003
A syndicate of private individuals has agreed to buy three office call centre buildings to be developed on the M8 between Glasgow and Edinburgh for £34.6m
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Bargain hunters flock to Scottish repossessions
9 May 2003
Two hundred Scottish bargain hunters were out in force and bidding against one another at Countrywide's auction on 30 April to buy homes that had been repossessed by the Halifax bank, Nationwide building society and Royal Bank of Scotland.
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Equity specialist seals £13m Reading deal
9 May 2003
Agricultural agency's office represents Hotbed's biggest acquisition to date
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Residential auctions hit by slowdown
9 May 2003
Two mainly residential auction sales failed to achieve an 80% success rate in London last week, reflecting the slowdown in the housing market.
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Investor holds out to beat guide on Coventry shops
2 May 2003
A private investor turned down some good offers for a parade of five shops in the Westmede Centre, Allesley Park, Coventry but eventually achieved £38,000 above the guide price at Countrywide's Midlands auction on 23 April.
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Yields continue to fall across the board
2 May 2003
Jones Lang LaSalle/IPD show first-quarter yields have dipped below 6%
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Investors feast on restaurant properties
25 April 2003
Provence, the acquisitive northern pub chain, achieved the sale-and-leaseback of its Bolton headquarters and one of its bars at Barnett Ross's auction on 15 April.
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Private investors favour commercial
25 April 2003
Individuals' attitudes revealed in Property Week/PrimePitch survey
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Sheffield auction produces 100% success rate
25 April 2003
All 35 lots sold at Mark Jenkinson & Son’s auction, raising £2.84m at the Cutlers Hall, Sheffield, on 15 April.
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Gold 6 targets retail centres
17 April 2003
Pinder Fry & Benjamin published details of its Gold 6 fund last week which aims to raise £15m from private investors and small pension funds to buy a stake in the 11 shopping centres that CIT bought from Charterhouse.
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Investors pounce on shops
17 April 2003
A public company raised more than £2m by selling a parade of eight shops in the Leeds suburb of Harehills to three separate private investors at Harman Healy's auction on 8 April.
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Islington sale raises £2.3m
17 April 2003
The London Borough of Islington raised more than £2.3m from the sale of nine of its redundant houses at FPDSavills' auction on 7 April.
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Lambeth bowled over by Oval sale
17 April 2003
Housebuilder pays £5.15m from £3m guide for site overlooking cricket ground
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Rail lots star in Pugh & Co’s northern sale
17 April 2003
Rail Property raised £723,500 from the sale of 11 tracts of land without planning permission near railway stations at Pugh & Co’s auction on 9 April.
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Kensington assets raise £3m
11 April 2003
Henderson Global Investors sold more than £3m of shops, restaurants and a pub in London's Kensington at Nelson Bakewell's auction on 31 March. Yields ranged from 5.24% to 6.4%.
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L&G sells small properties to private buyers
11 April 2003
Legal & General sold £27m of tenanted shops at Cushman & Wakefield Healey & Baker's auction on 3 April, when all but one of the 42 lots offered were sold into the private market.
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Manc boom continues
11 April 2003
Manchester's city centre residential development boom continued when less than a quarter of an acre sold for about £1.75m before Allsop & Co's residential auction started on 31 March.
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Tenants get chance to buy their floors
11 April 2003
Dorrington Properties calculates purchase price in multi-owned buildings
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High street shops pull in £10m for Prudential
4 April 2003
Prudential Property Investment Managers raised more than £10m at Allsop's auction from the sale of prime high street shops where Genco has long leases and sublets to national multiple retailers.
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Industrial estates beat RDA's expectations
4 April 2003
£6.46m raised as short leases and good track records attract investors
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Newham’s double delight
4 April 2003
The London Borough of Newham doubled what it had hoped to make when it sold three secondary retail investments at Winkworth’s auction on 27 March.
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Buyers set to act on north London theatre
28 March 2003
The St George's Elizabethan Theatre in London, which last saw a live performance in 1970, could be sold within the next few weeks, having come within £50,000 of its reserve at Barnard Marcus's auction on 18 March.
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Hackney site sells for £1.2m
28 March 2003
A developer paid £100,000 more than the guide to secure a mixed-used development site in Hackney at Strettons' auction on Monday.
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Industrial vehicle nears £30m target
28 March 2003
Private investors put £21m in to Close Property fund ahead of May deadline
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Oval development site on the market at £2m
28 March 2003
Residential developers will be given the chance to gauge 26 years of property inflation in Kennington, London SE11, next month.
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Pension funds target auctions to sell shops
21 March 2003
Legal & General and PruPIM opt for 'certainty of sale' on more than 50 shops
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T&G pension vehicle to focus on London flats
21 March 2003
Stockbroker Teather & Greenwood has launched a prospectus for its new residential property company that will invest in buy-to-let flats, mainly in Greater London.
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UBS launches unit trust feeder
21 March 2003
UBS Global Asset Management has launched a Jersey-based unit trust as a feeder for its £621m, open-ended UK limited partnership, UBS Triton Property Fund.
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Colliers CRE fuels up on Total station disposals
14 March 2003
Total, the oil company, used Colliers CRE's Manchester auction on 4 March to dispose of eight more of its redundant filling stations.
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Private investors spend £1.4bn in 2002
14 March 2003
Commercial property bought with fervour as alternatives remain limited
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Bank of Ireland nets £23m in branch sale
7 March 2003
Bristol & West disposals star in Healey & Baker record sale
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Bank to bistro
7 March 2003
An empty Lloyds TSB in Shawlands, Glasgow, fetched £210,000 at SVA Property Auctions on 26 February, against a guide price of £150,000.
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Bidders arrive late at the ball
7 March 2003
The Ball Shoes distribution depot on Rough Hey Road Industrial Park, Preston, failed to reach its £1m reserve during bidding at Pugh & Co's auction on 26 February.
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Bumper yield at Britannia's Golders Green office
7 March 2003
A new record for yields in Golders Green, London NW11, was set at the Harman Healy auction on 24 February, claimed auctioneer Felix Rigg.
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Plymouth block exceeds guide
7 March 2003
Plymouth City Council GOT 50% more than it hoped for Princess Court, a tenanted office block in the city centre, at Collier CRE's auction on 25 February.
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Scottish Widows share issue proves popular
7 March 2003
Investors have been quick to take up the new share issue announced in January by the UK Balanced Property Trust.
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East Sussex Debenhams gets private landlord
28 February 2003
The Hastings, East Sussex, branch of Debenhams and 68 seafront flats at Albany Court have a new landlord after a public property company sold the ground rents.
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Minerva purchase puts Croydon scheme on track
28 February 2003
Minerva, developer of Park Place in Croydon, took a step towards assembling the site for the shopping centre when it bought two empty office buildings to add to the site before they went under the hammer at Nelson Bakewell's auction on 17 February.
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Pinder Fry's £144m fund
28 February 2003
Finacial services company Pinder Fry & Benjamin has named 22 tenanted offices, shops and industrial properties that will make up its Gold 5 portfolio launched on Monday.
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Private buyers push JLL sale over £40m
28 February 2003
Everyone who bid was a private investor, says auctioneer Auterac
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Fund managers call for UK REIT rethink
21 February 2003
Investment seminar urges government to reconsider tax-efficient vehicles
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Pub partnership creates low-yield market
21 February 2003
The auctioning of pubs through a joint venture between British Land and Scottish & Newcastle has helped to create a low-yielding pub investment market, according to Allsop auctioneer Duncan Moir.
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Bank clocks up 20% mark-up in East Ham
14 February 2003
The Lloyds TSB branch in East Ham High Street North was sold at a Strettons' auction on 3 February for £700,000 – 20% above its guide price of £575,000.
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Housing association hits £1.7m
14 February 2003
Paddington Churches Housing Association raised £1.7m from four empty houses in north-west London at a Winkworth's auction on 30 January. All sold for above their guide price, including five studio flats, which were expected to fetch £380,000 but made £590,000. A total of £5.7m was raised from 68 lots.
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Poor take-up forces fund into extra time
14 February 2003
Gullwing gives extension to retail and leisure fund to meet £200m target
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Fourth Redleaf fund is set £100m target
7 February 2003
Shopping centre investor establishes largest fund with 20% growth goal
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Why shopping centres are so attractive
7 February 2003
District and convenience shopping centres typically offer good, accessible, free or cheap car parking, a supermarket or other strong anchor tenant, shops occupied by national and local retailers, offices and residential accommodation.
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Allsop tops auctions table with £829m sales in 2002
31 January 2003
Jones Lang LaSalle moves into second place, stealing ahead of Cushman & Wakefield Healey & Baker
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Bristol & West pins hope on H&B auction
24 January 2003
The Bank of Ireland hopes to raise up to £18m from the sale-and-leaseback of 19 branches of its subsidiary, the high street mortgage provider Bristol & West. The rent roll is £1.3m.
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Irish eyes are smiling on UK after 3% tax hike at home
24 January 2003
Rise in Irish Stamp Duty leads more local property investors to target Britain
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Hotbed invests private cash in Bristol pub
17 January 2003
Private equity specialist Hotbed completed its first commercial property deal last Friday when it bought the Hogshead pub in Colston Avenue, Bristol, with £500,000 of the purchase price coming from private individuals and the balance from Norwich Union.
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Industrial's the star in Q4 auctions
17 January 2003
Industrial property HAD a huge impact on the auctions market in the last quarter of 2002 when sales rose 116% compared with the last three months of 2001.
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Widows gives £110m boost to ISA fund
17 January 2003
UK Balanced Property Trust to buy 35 Lloyds Life properties
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Biggest private deal is struck at £185m
10 January 2003
Pinder Fry Benjamin clients take London property from Delancey
-
Danes dig deep to continue spending spree
10 January 2003
Private investors had to dig deeper into their pockets towards the end of last year as loan-to-value ratios fell to reflect the economic situation, according to Richard Harris, national investment partner at Strutt & Parker.
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Investors rush to gain share in £12.5m pharmaceutical portfolio
10 January 2003
A limited partnership set up to buy two pharmaceutical factories for £12.5m attracted so much interest that the offer was fully reserved after three days.
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Out of the shadows …
10 January 2003
… and very much into the limelight. That's the tale of the auction departments that have become the star performers of surveying firms. We catalogue their success
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Allied Carpets piles on the pounds for Harman Healy
20 December 2002
A private property company paid the guide price of £2.7m for an Allied Carpets shop in Camden High Street, north London, at Harman Healy's auction on 12 December.
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Curse fails to stop £3m bidder
20 December 2002
A squatter calling himself 'the king of Ethiopia' was unable to prevent the sale of Pelican House in Southwark – despite putting a curse on council staff.
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Henderson raises £2m in Kent shed sale
20 December 2002
Cash will be used to refurbish Gillingham Business Park
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Builder cops Leicester police station for £5m
13 December 2002
Housebuilders competed to buy the site of Melton Mowbray's police station from Leicestershire County Constabulary for £5m at Colliers CRE's auction on 5 December.
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Investor snaps up £2.2m Eurolife Enfield base
13 December 2002
An investor paid £2.2m for Refuge House in Enfield, north London, where Eurolife Assurance has a lease until 2063, and pays rent of £130,990.
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Kwik-Fit disposal spree
13 December 2002
Owners of premises that have Kwik-Fit Properties as a tenant used two big auction sales last week to dispose of 53 branches.
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Liverpool sale
13 December 2002
Persimmon Homes (North West) sold Croxteth Neighbourhood Centre, Liverpool, for £680,000, against a guide price of £625,000 at Pugh's auction on 4 December.
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Oxford college shop success
13 December 2002
A shop bequeathed to an Oxford college sold at Winkworth's auction on 5 December for £418,000, 86% above the £225,000 reserve price.
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T&S raises £3.8m in sale-and-leaseback
13 December 2002
Convenience store operator offloads 14 more shops
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Barratt styles £3.5m sale-and-leaseback
6 December 2002
Priceless Shoes in Upton Park is among six lucrative high street investment sales
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Off licence bargain is the perfect tonic for investor
6 December 2002
An investor picked up a bargain in Holloway Road, London N7, at McHugh & Co's auction on 2 December.
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Barnett Ross debut sale has 93% success
29 November 2002
Former Harman Healy men's first auction raises more than £30m
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Cinema almost doubles guide
29 November 2002
Le Grand, a former cinema and nightclub in Padiham, near Burnley, sold for £50,000 at Eddisons auction at Lancashire County Cricket Club on 21 November.
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'Reluctance' hits Strettons sale
29 November 2002
A private individual was more than £100,000 richer than he expected to be after selling a retail and residential investment in west London for £435,000, against an upper guide price of £300,000 at Strettons' auction on 25 November.
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Bidders battle for Bradford semis
22 November 2002
Two residents of Coronation Road in Hayes, Middlesex, bid so fiercely for one of BPT's empty, unmodernised semi-detached houses, that the price went up 40% from the reserve of £160,000 to £224,000.
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Essex beach lots sell above guide
22 November 2002
A site with planning permission for two restaurants, three flats and three garages 50 metres from the beach at Jaywick in Clacton-on-Sea, Essex, sold for £108,000 at Dedman's auction on 13 November, against a guide price of between £90,000 and £100,000.
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O'Neil shines through at RICS auction contest
22 November 2002
29-year-old student wins Junior Organisation's Challenge Cup
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Banks retrench lending in 2003
15 November 2002
Private investors will have to put more equity into property investments bought at auction next year.
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Sheffield student digs are investment treasures
15 November 2002
Two Sheffield houses where students live on assured shorthold tenancies sold for £362,000, compared with a £300,000 guide price at Mark Jenkinson & Son's auction on Tuesday.
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Slough site goes for treble its guide
15 November 2002
Developer buys detached house and plot next door for £266,000
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BPT 0% Stamp Duty route
8 November 2002
BPT, one of the largest residential auction vendors, outlined its strategy at the British Property Federation's conference in London on 30 October.
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Developers gamble on north London
8 November 2002
Bidders pay premiums for low-income lots at Felix Rigg's Harman Healy debut
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Ealing flats beat guide
8 November 2002
Barnard Marcus sold six tenanted flats in Western Avenue, Ealing, London W5, for £420,000 at its sale at the Café Royal on 30 October.
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Housebuilder bags Chelsea pair
8 November 2002
A housebuilder paid £1.4m for adjoining houses on King's Road, Chelsea, London SW10, at Allsop's residential auction on 31 October.
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Lincoln Uni college sale
8 November 2002
University of Lincoln received an offer for its school and college of agriculture greater than the £1.5m guide price, so sold it before Wednesday's auction.
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ENO rehearsal room hits the right note
1 November 2002
The English National Opera has a new landlord for its Shoreditch rehearsal rooms, who paid double the guide price at Nelson Bakewell's auction on 22 October.
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London coffee shops prove their worth
1 November 2002
Starbucks and Costa sell for more than £1m each at JLL sale
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London pubs pay dividends
1 November 2002
The Corporation of London sold two pubs and a restaurant it owns as trustee of the Bridge House Estates for £560,000 more than the guides at Andrews & Robertson's auction on 23 October.
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North-east residential on a high
1 November 2002
Residential investments in the north-east were the star performers at Winkworths' auction on 24 October.
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Woolpack fails to sell
1 November 2002
Despite heavy marketing because of its Emmerdale connection, the Woolpack pub failed to reach its £450,000 guide price at Eddisons' auction on 24 October.
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ESN shops help CWHB to record £40m sale
25 October 2002
Cushman & Wakefield Healey & Baker sale scores high with private investors
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Hounslow council defies office slump
25 October 2002
The London Borough of Hounslow will vacate its Brentford offices next month having sold the 1936 premises for more than £1m above the reserve at Colliers CRE's auction on 15 October.
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Investor's Islington resi options
25 October 2002
An Egyptian investor paid £612,000 for Doyle Tavern on the corner of Caledonian Road and Frederica Street, Islington, at McHugh's auction on 14 October.
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Mixed uses pay at Pugh & Co
25 October 2002
A Lincolnshire investment company paid £385,000 for a mixed-use scheme with six shops at Pembroke Place, London Road, Liverpool, at Pugh & Co's auction on 16 October.
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'Ridiculous' reserves for plaza wreck
25 October 2002
Sheffield City Council has ordered the new owner of offices bought on 15 October at Mark Jenkinson & Son's auction to repair the buildings or demolish them.
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Allsop sale is £143m record-breaker
18 October 2002
May and July records smashed as five lots of more than £2m boost final figure
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First Quench prompts prior sale
11 October 2002
An investor was offered such a good price for five Highland off licences that he sold them at a 10% yield before SVA's Glasgow auction on 2 October.
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Resi angles raise prices
11 October 2002
Transport for London put a detached house in Gunnersbury, west London, into Athawes Son & Co's auction on Monday, expecting to raise only £450,000. But the boarded-up property made £800,000.
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Third-quarter yields hit all-time low
11 October 2002
High demand and low interest combine to produce record yields
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£4m sale is a record for FPDSavills
4 October 2002
FPDSavills sold its MOST expensive lot ever at auction when Irish investors paid £4.06m for four unmodernised houses in Ealing, west London, on 23 September.
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Norwich electrical shop exceeds guide
4 October 2002
A private investor paid £400,000 – £100,000 above guide price – for the freehold of the Farnham branch of Bennetts, the electrical retailer, at the Barnard Marcus auction on 25 September.
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RICS auction rules may be judged unfair, says lawyer
4 October 2002
Trading watchdog could clamp down on sale conditions introduced in May
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Winkworth let down
4 October 2002
Winkworth auctioneer Robin Wilson blamed the cooling of the buy-to-let market for the low success rate achieved in the auction at the Connaught Rooms, London, on 26 September.
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Bread to roll in from baker's investment
27 September 2002
Occupier becomes owner and landlord to neighbour at Ross's farewell auction
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Emmerdale's star performer goes under hammer
27 September 2002
Assistant auctioneer of Eddisons, Emma Johnson (pictured), has been practising disposing of one of the world's most famous pubs.
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Resi developers continue to inflate London prices
27 September 2002
A housing association paid nearly £300,000 more than the guide price for residential and industrial buildings in Peckham, south London, at Andrews & Robertson's sale at the New Connaught Rooms in London on 18 September.
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19th century listed house stars at Eddisons' sale
20 September 2002
Eddisons' recent sale of commercial and residential property raised close to £2m from 37 lots sold.
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Buyers still cautious as new term begins
20 September 2002
But auctioneer heartened by good attendance and 91% success rate
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Allsop prepares for record take
13 September 2002
October sale expected to break £110m barrier
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Manchester's most expensive council house sold
13 September 2002
Manchester City Council SOLD its most expensive council house at auction when a private buyer paid £346,000 for the property.
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Strettons' £16m sale kicks off new season
13 September 2002
A former vicarage in Custom House, London E16, attracted some competitive bidding at Strettons' first mixed-lot auction after the summer break.
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Late buy continues after-sale trend
6 September 2002
£3m paid for Abbey National branch after auction closes
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BPT kicks off autumn with £121,000 sale
30 August 2002
Winkworth kicked off London's autumn season on 22 August with a resounding success for BPT, the former Bradford Property Trust.
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Scottish homes go above guide
30 August 2002
A total of six flats and houses in the East Ayrshire towns of Auchinleck and Cumnock, where the tenants, on assured shorthold tenancies, pay £482 a week in rent, sold for £3.14m at Countrywide's Glasgow auction at the Swallow Hotel on 21 August.
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Yields fall across the board during 2002
30 August 2002
Office sector shows sharpest drop, ARAS research reveals
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Top two raise extra £110m as lot quality improves
16-23 August 2002
FOCUS report shows soaring results in first half of 2002 despite fewer lots selling
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Library value rises by £155,000
2 August 2002
The old library in Campbell Road, Bow, east London, has increased in value by £155,000 in seven months, after it was sold twice at auction.
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NWDA makes tidy profit on shed sales
2 August 2002
Development agency sells industrial workshops for £200,000 above guide
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Brokers get freehold and movie history
26 July 2002
Former film studios and serviced offices sell for £975,000
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Hall sale raises £4m for London University plan
26 July 2002
London university's Queen Mary and Westfield College sold a redundant hall of residence in Hackney for nearly £1m above its guide price at Allsop’s residential auction on 15 July.
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Look who's new at the auctions
26 July 2002
Seismic events on world stock markets are sending small, private investors into property's auction rooms. We meet the newcomers looking to 'buy the shop'
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Southwark offices fail to beat £1.4m guide price
26 July 2002
The owner of two empty offices in three grade ll-listed six-storey Georgian houses at Nelson Square in the London borough of Southwark sold them for residential conversion at Andrews & Robertson's auction on 18 July for the guide price of £1.4m.
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Still no takers for Lowry lot
26 July 2002
There were still no buyers for the Edwardian end-of-terrace house in Swinton, Greater Manchester, where painter LS Lowry lived for 40 years, as Property Week went to press this week.
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Blackheath fire station sets off alarm bells
19 July 2002
A former fire station that served Blackheath in south-east London ignited interest at Countrywide's auction at the New Connaught Rooms on 10 July, when it fetched £90,000 above the guide price.
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Bradford REC office is resold
19 July 2002
Bradford Racial Equality Council's offices were auctioned for the second time at Eddisons' sale on 11 July after a bidder, who offered £175,000 in May, failed to complete the transaction.
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Presale robs auction of drama
19 July 2002
Cushman & Wakefield Healey & Baker's auction was robbed of one of its high moments on 9 July, when a buyer paid close to the £3.7m asking price for two modern shops in Hanley, Staffordshire, just before the auction opened.
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Time is called on six pub freeholds
19 July 2002
Scottish & Newcastle and British Land sell south-east bars for £7.68m
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Essex shops treble their £150,000 guide at Strettons
12 July 2002
Two shops in Rayne Road, Braintree, Essex, with vacant accommodation above, sold for nearly three times their guide price at Strettons' auction in the New Connaught Rooms, London, on Monday.
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Ex-retail agent sells popular City block
12 July 2002
Testler makes £2.9m from Tabernacle Street sale and buys £1.1m Woolies store
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Investor pays £430,000 for restored shops
12 July 2002
A row of 18th century shops with flats above at 28a to 36 Snow Hill, Wolverhampton, sold at Bigwood's auction on 1 July for £430,000.
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Redevco profits from C&A sale
12 July 2002
Redevco, the landlord to retailers in former C&A stores, has auctioned the leases on two of the stores – in one case at 75% more than its reserve.
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Ealing care home leads £16.8m Savills sale
5 July 2002
Buyer will restore W5 lot to residential use after paying above guide price
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Scottish Enterprise lots fetch £750,000 in Glasgow
5 July 2002
Scottish Enterprise received £750,000 after selling land and buildings in nine separate lots at SVA's auction at the Quality Central Hotel, Glasgow, on 26 June.
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West London house exceeds £1m guide price
5 July 2002
A property company paid £1.03m for the five self-contained flats on the corner of Ladbroke Grove and Oxford Gardens, London W10, before Winkworth's auction at Kensington Town Hall on 27 June.
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Banks continue to find favour with buyers
21 June 2002
Middlesex branch of Barclays sells for £300,000 more than £2.5m guide
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Rail Property's tenanted office lots raise £900,000
21 June 2002
Rail Property, the company that owns the railways' non-operation property, raised more than £900,000 by selling two tenanted offices in Pugh & Co's auction at Manchester Airport on 12 June.
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Countrywide tastes success with public property
14 June 2002
The owners of property in the public sector had some pleasant surprises at Countrywide's multi-venue auction last week, unlike private sellers trying to dispose of city centre loft apartments.
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Lloyds says yes to unexpected sale of old branch
14 June 2002
Lloyds Bank sold its redundant branch in Church Street, Dewsbury, to a private investor at Eddisons’ Leeds auction on 30 May for £116,000 – more than the bank had hoped to raise.
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Woolies continues to show rural value
14 June 2002
Hot result as Rye High Street store is sold at yield of less than 7%
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Derby apartment blocks go for £2m at Allsop sale
8 June 2002
Five blocks of mainly tenanted modern flats known collectively as Drewry Court in Derby each sold separately at Allsop's auction on 22 May to raise a total of more than £2m.
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Former Leicestershire police station gets picked up
8 June 2002
Colliers CRE's sale on 30 May at London's Radisson SAS Portman Hotel raised £7.2m.
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Strong covenants aid Woolworths sales
8 June 2002
Seven high street retail outlets sold at £25m Harman Healy auction
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JLL auction success reflects 'I ♥ property' campaign
31 May 2002
Jones Lang LaSalle's auction at the Four Seasons Hotel, London W1, on 22 May raised £46.8m.
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Largest Allsop event breaks £100m barrier
31 May 2002
Banks prove popular with investors as prices show growing market confidence
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Strettons boasts 97% success in ‘stomper’ sale
31 May 2002
Strettons achieved a 97% success rate for its auction on 20 May at the New Connaught Rooms, London WC2.
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Development hope for garages forces high price
24 May 2002
Trustees of an estate sold 31 lock-Up garages in Finchley for nearly three times their guide price at McHugh & Co's auction on 15 May.
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Old Broad Street lot stalls in sale room
24 May 2002
Bidders loath to pay reserve on the day, but post-auction sale reveals true interest
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Things just peachy as BPT lots exceed expectations
24 May 2002
The first of the Peachy Properties bought by BPT in the 1960s and 1970s were sold at FPDSavills' auction on 13 May.
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Countryside impresses with shops
10 May 2002
A portfolio of 13 shops sold at Countryside’s Glasgow auction on 30 April for £285,000.
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Resi sells well
10 May 2002
The popularity of houses in north London was demonstrated on 29 April at Drivers & Norris's auction, when five sold above their guides.
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Rural banks attract 'metropolitan' yields
10 May 2002
HSBC branches prove popular at Cushman & Wakefield Healey & Baker sale
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Eminent Victorians go under the hammer in Leeds
3 May 2002
Redundant Victorian schools proved to be the star lots at Eddisons' auction on 25 April at Leeds United Football Club.
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Norwich apartments exceed expectations
3 May 2002
Flats above shops sell for more than £300,000 above guide price at Winkworth
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Sheffield's campus bonanza
3 May 2002
The strength of Sheffield's student accommodation investment market was shown at Mark Jenkinson & Son's auction on 23 April at the city's Lyceum Theatre.
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Income-seekers star at £15m London sale
26 April 2002
Instantly lettable Pimlico houses provide highlight for Barnard Marcus
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Manchester prices beat Eddisons' predictions
26 April 2002
A takeaway restaurant with two empty flats above it in Seymour Grove, Manchester – next to Trafford Bar Station on the Metrolink light railway – sold for £72,500 at Eddisons' auction on 18 April at Lancashire County Cricket Club.
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Sale fails to satisfy ambitious expectations
26 April 2002
Sellers at Countrywide's London auction on 18 April set their expectations so high that only half the lots sold.
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Housebuilders' prime sites battle generates record result
19 April 2002
Housebuilders bidding fiercely against one another for suburban residential sites helped Andrews & Robertson achieve its best ever auction result.
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Oxford Street shop sells at 5.4% yield
19 April 2002
Rare opportunity to gauge values on street's east side as freehold goes for £2.33m
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Highgate shop shines
12 April 2002
FPDSavills' auction on at the Millennium Britannia Mayfair Hotel, London, on 8 April raised more than £11.3m, with an 88% success rate.
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Kent sale raises £3.1m
12 April 2002
Kent auctioneer Ward & Partners raised £3.1m from the sale of 62 lots, achieving an 86% success rate.
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Yields drop to lowest levels since 1998 high
12 April 2002
Weight of money sends yields down to 8.39% – industrial is hardest hit
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Earls Court flats struggle
5 April 2002
Flats converted from two stucco houses in Earls Court Road, west London, narrowly failed to reach their reserve price of £2.85m at Winkworths’ auction at the New Connaught Rooms in London on 27 March.
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East London shines as wharf fetches £2.1m
5 April 2002
Bow warehouse site and N1 office building star in Strettons' £17.2m show
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Garage sale nets £30,000
5 April 2002
Three garages in Birkenhead and a plot measuring 0.08ha (0.2 acre), which were sold by a London auctioneer for £2,000 this year, resold in Liverpool at the Venmore Partnership's auction on 26 March for £30,000.
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Record-breaking day for Allsop
5 April 2002
Allsop raised £38.33m at its Café Royal auction on 25 March, a record for the firm.
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Allsop’s high-value lots raise £70m
28 March 2002
Allsop & Co sold 15 of the 20 £1m-plus lots offered at its auctions on 18 and 19 March at the Berkeley Hotel, Knightsbridge.
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Hackney cuts debts by £6m as financial year-end nears
28 March 2002
Properties sell above guide prices as council tries to reduce £50m deficit
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Private family trusts on the increase
28 March 2002
Jones Lang LaSalle has discovered that the number of private family trusts buying properties at auction is on the increase.
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Woolies proves a winner
28 March 2002
Walthamstow Woolworths was the star attraction at Healey & Baker's auction on 20 March, selling for almost twice its expected price.
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Auctioneers launch marketing initiatives
22 March 2002
RICS gives advice on website, Barnard Marcus CD-ROM demystifies process
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Former clinic fetches £360,000
22 March 2002
The operator of a private nursery outbid a bank and a supermarket operator, which was looking for a filling station site, to buy a redundant NHS clinic for £360,000 at Cottons' auction on 14 March at the Grand Hotel, Birmingham.
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Leeds beats expectations
22 March 2002
All but one of the 32 lots offered at Eddisons' auction at Leeds United Football Club sold at well above the reserve price.
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Record turnout despite modest Midlands lots
22 March 2002
Managers of the Park Hall Hotel, Wolverhampton, said that the 400 prospective buyers who attended the K Stuart Swash auction on 13 March was a record – double the usual turnout of 200.
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Countrywide auctions test regional markets
15 March 2002
Countrywide Property Auctions ended its five-venue series having raised more than £5m.
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First single authority sale is huge success
15 March 2002
Sheffield City Council exceeds initial targets and raises £3.7m
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London property boom continues
15 March 2002
Large, empty houses in north London sold for well above their guide prices at McHugh & Co's auction on 4 March.
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Smith & Sons partners exceed guides
15 March 2002
Partners at Smith & Sons put property from their own company up for auction at the Village Hotel, Bromborough, Wirral, on 6 March.
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Private buyer invests in Marconi properties
8 March 2002
Labs contaminated by hydrogen isotope still fetch £2.5m in public sector sale
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Private investors reap rewards in Healey & Baker bank sale
8 March 2002
The freehold owners of 40 branches of Lloyds TSB, Clydesdale and Yorkshire sold all but one at Healey & Baker’s auction on 25 February at the Café Royal, London.
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Protester's stink fails to stop Hackney sale
8 March 2002
Stink bombs and six protestors being frogmarched or carried out of Claridges' ballroom failed to stop Nelson Bakewell's auction last Tuesday.
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Record deal on old flats
8 March 2002
Winkworth auctioneer Robin Wilson sold his most expensive lot in 10 years of auctioneering on 28 February when the Genesis Housing Group sold 67 Talbot Road, Notting Hill W11, for £1.27m – over double the guide price.Squatters were evicted only four days before the auction, but by 26 February, 80 would-be buyers had viewed the five derelict flats, finally bought by a builder.The auction raised £7.73m from the sale of 108 of the 119 lots, a 91% success rate.
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Sub-station site sells for £2.75m
8 March 2002
A private buyer paid Lattice Property £2.75m for one of London's 22 electricity sub-stations at Jones Lang LaSalle's auction on 28 February at the Four Seasons Hotel, London.
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Consulting rooms short of reserve
1 March 2002
A set of doctors’ consulting rooms fell £100,000 short of its guide price at FPDSavills’ auction on 19 February.
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Council sells on printer problem
1 March 2002
The London Borough of Islington avoided arbitration on a Clerkenwell printworks where it is the landlord by selling the property at Harman Healy's auction on 19 February for considerably more than the guide price.
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Defence Estates land adds to record sale
1 March 2002
£10.5m and 85% success rate from Pugh & Company is all-time high in north
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Low success rate mars high prices
1 March 2002
A part vacant, part tenanted house in Thurlow Park Road, West Dulwich, SE21, sold for £325,000 at Edwin Evans' auction on 21 February.
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A&R achieves record with £19m auction
22 February 2002
Bow library sells for 66% above guide price as auctioneer achieves 92% success rate
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Barnard Marcus residential sell-off raises £14m
22 February 2002
Barnard Marcus had a 90% success rate at its mainly residential sale at the Cafe Royal on 12 February. Just over £14m was raised.
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Owner-occupiers dominate in £26m Allsop sale
22 February 2002
Aspiring owner-occupiers were the fiercest competitors at Allsop's auction on 12 February.
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Big returns at Sheffield auction
8 February 2002
Almost all the 22 lots at Mark Jenkinson & Son's auction on 29 January sold for more than their guide price.
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Liverpool council glee as school beats guide
8 February 2002
Walton Village property fetches £52,000 in Venmore sale
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Allsop to cash in on bank enthusiasm
1 February 2002
February auction features 13 bank branches and an unusual catalogue
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Countrywide auctions 'a success'
1 February 2002
Countrywide Auctions held its first three sales last week after the retirement of veteran auctioneer, Mike Logan Wood.
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Safeland's Winkworth buy pays off with £6.7m sale
1 February 2002
Safeland's demerged property services company Hercules, which bought the franchise of Winkworth & Co's auctions last year, made use of the connection on 24 January.
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Sales revenues up across the board
25 January 2002
Leading houses double their money compared with 2000
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Big six 2001 auction proceeds hit £792m
18 January 2002
Cheap money helps top firms to lift sale income by 24%
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How to… Get your money's worth from the auction market
18 January 2002
Commercial property auctions have never been so popular, with lots sold during 2001 likely to top £1bn for the first time. Positive economic conditions have assisted the trend, but it also appears that the public image of the auction room is on the mend. So how do you win at the auction game, whether as buyer or seller?
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Cash in the public purse
11 January 2002
Knowing that sale proceeds will be banked within 28 days is a big incentive for local authorities making property disposal.
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Hammer drill
11 January 2002
Auctioneers are trying to change their image from booming, hammer-wielding eccentrics to respected professionals.We ask what will be expected of tomorrow's auctioneers
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Stuck in the middle
11 January 2002
Selling investments at auction or through private treaty is less clear-cut when interest rates are low.
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Fields of dreams
20 April 2001
While government policy favours brownfield development, buying farmland is a long-term game. We chart the rise of option agreements and the experts who advise on them
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The waiting game
16 February 2001
A freehold offering £8 a year in rent may not seem the most lucrative asset to bid for at auction. But years later, when the occupier's lease shortens, the freehold buyer cold be sitting on a goldmine.
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Social climbers
9 June 2000
The low-risk nature of social housing has attracted vast institutional investment, enabling local authorities to transfer their housing to new landlords.
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Gaining net advantage
14 January 2000
The auctions market faces mammoth upheaval this year with the advent of internet bidding. Liz Hamson, David Lawson and Christine Eade look at the how auction houses are embracing this new technology
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Let the investment begin
7 May 1999
The buy-to-let sector is booming and the property sector has responded by setting up services to advise on, manage and even acquire properties for investors. This report looks at a sector that is shedding its Cinderella image
