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Property news and features from the current issue of Property Week.

77 Shaftesbury Avenue Snap

Snapchat ups its presence in London with international hub

17 February 2017

Snapchat is set to almost triple its current presence in London having agreed terms to occupy 20,000 sq ft of space in Shaftesbury Avenue.

Care home

Crisis looming as care home closures far outstrip openings

17 February 2017

The social care sector is “on the cusp of a national crisis” after more than double the number of care homes closed last year than opened.

Cintra House, Crystal Palace

Savills gets off to flying start as first 2017 sale raises £64m

17 February 2017

Savills has notched up its best auction result in a year - raising £64m in its first sale of 2017.

Salary Survey

Salaries and bonuses take a hit as Brexit vote bites

17 February 2017

Average salaries and bonuses have fallen across the property industry in the past year as a result of a cooling market and the blow to confidence delivered by the Brexit vote.

Temple Bar Hotel

Dublin hotel's £46.8m sale

17 February 2017

A Singapore-based real estate firm has bought the Temple Bar Hotel in the Temple Bar area of Dublin for €55.1m (£46.8m).

Pippa Watmough

BTL crowdfunder set to launch

17 February 2017

A new buy-to-let crowdfunding company that allows investments to be made “in less than three minutes” is to launch next week.

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Aberdeen Prime Four Business Park

Aberdeen deal to eclipse city’s total 2016 office investment

16 February 2017

Drum Property Group is close to selling an Aberdeen office for £40m in a deal that would eclipse the total investment in the city’s office market for the whole of 2016, Property Week can reveal.

Christian and Nick Candy

Candys trial: Holyoake accused of lying to creditor

16 February 2017

A property developer who is suing the Candy brothers over a loan for a London residential development lied to existing creditors about his £42m purchase of the site, the High Court heard this week.


New Travelodge hotels for north London

16 February 2017

Travelodge is set to add two new hotels in north London to its portfolio as part of a plan to open at least 60 properties in the capital.

Cuprum glasgow

Glasgow office buy biggest since Brexit vote

16 February 2017

A Credit Suisse fund is on the verge of buying the Cuprum building in Glasgow for £28m in what would be the biggest office acquisition in the city since the Brexit vote.



Agency shares surge as results impress

17 February 2017

Shares in CBRE, JLL, Savills and Colliers International have bounced back to pre-EU referendum levels - boosted in the past fortnight by better than expected financial results.


New build homes

Necessity could well prove the mother of invention

18 February 2017

The emphasis of last week’s housing white paper - more green than white in nature - was on consultation, with a helpful emphasis on multi-tenures and on a diverse and broadening array of players that can contribute. The industry now has a chance to help shape practical policy for the sector as a whole.

Interserve shopping centre

Time to breathe new life into our failing shopping centres

17 February 2017

The effect of the permitted development rights (PDR) regime has been remarkable in giving many obsolete office buildings a new lease of life - usually as residential developments.

Guy Montague-Jones

Retail funds need to be reformed to heal Brexit scars

17 February 2017

The scale of the redemptions from retail property funds in the immediate aftermath of the EU referendum may be less than first thought.

Alex Morton

Developers need to understand government's view

17 February 2017

Rising rents and falling ownership are an unhappy political combination, particularly for the Conservative Party.

The Co-operative food store

Co-op may have lost market share but its performance has improved dramatically

17 February 2017

A decade ago, Aldi was the 10th biggest food retailer in Britain. Now it has overtaken the Co-op to claim fifth place.


Lure of London will always prevail over domestic gloom

17 February 2017

It would be easy to have a gloomy outlook in London at the moment.

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Av salary sex

Salary survey 2017: Pay packets take a hit post Brexit vote

17 February 2017

Average salaries and bonuses have fallen sharply in the past year as the double whammy of a cooling market and the Brexit vote hit home, reveals the annual RICS and Macdonald & Company UK salary survey, shared exclusively with Property Week.

Availability by grade

Bigger is better for take-up

20 February 2017

Industrial take-up in the final quarter of 2016 hit a record high of 13.9m sq ft, boosted by strong demand from online and discount retailers, figures from Gerald Eve’s Prime Logistics bulletin show.

Liz Hamson, editor of Propety Week

Not so great expectations

17 February 2017

We knew bonuses in the agency world were likely to be down this year in the wake of the EU referendum, which is why earlier this month we investigated the connection between the anticipated slump and recent flurry of high-level people moves in our feature, Agents of Change.

Graph - top 10 banks (UK)

Syndication deal volumes fall as investment market slows

17 February 2017

The volume of syndicated commercial property loans in the UK and across Europe, the Middle East and Africa (EMEA) fell sharply in 2016, Dealogic data has revealed.


Five Guys

Why more US chains are grabbing a bite of the UK market

16 February 2017

It is more than 20 years since the cult movie Pulp Fiction introduced audiences to the concept of premium milkshakes. In a pivotal scene set in a retro diner, Uma Thurman’s character orders a $5 (£4) shake, much to the astonishment of her date.

Comptoir Libanais restaurant, Soho

From ticket tout to restaurateur: the rise of Tony Kitous

16 February 2017

Tony Kitous came to London on holiday from Algeria in 1988 at the age of 18 with just £70 in his pocket and nowhere to stay. He never left.

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John Cook (left) and Mathew Ditchburn

Why CVAs fail more often than not, especially for landlords involved

17 February 2017

In March 2016, BHS entered into a company voluntary arrangement (CVA) with its creditors, designed to transform the company’s fortunes and avoid full-blown insolvency. Just a few weeks later, the retailer collapsed into administration.

Housing development

Planning inspectors keep housebuilders guessing on small-site exemptions

16 February 2017

In theory, housebuilders developing smaller sites don’t have to make affordable housing contributions. There is, after all, a written ministerial statement (WMS) saying as much, and local plans are supposed to fall in line with national policy.

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