All Property Week articles in 02 November 2012 – Page 2
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Matrix Property Fund Management spins out after administration
The property fund management division of investment bank Matrix has spun itself out after the wider group went into administration yesterday.
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Green light for 284 homes at Elephant & Castle
Lend Lease has been given the go ahead for 284 new homes at St Mary’s Residential, the development that will mark the start of the regeneration of Elephant Castle.
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Blackstone buys loans backed by stake in French REIT Gecina
Blackstone has teamed up with Ivanhoe Cambridge to buy loans backed by a 12% stake in France’s third largest REIT, Gecina.
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CapCo increases Covent Garden rental targets
Capital & Counties is seeking to unlock further value at its Covent Garden estate as it increases its estimated rental value target to £60-65m by the end of 2015.
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Chelsfield and London & Regional secure Elizabeth House consent
Chelsfield and London Regional have secured planning consent for their planned redevelopment of Elizabeth House in Waterloo, London.
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CapCo increases Covent Garden rental targets
Capital & Counties is seeking to unlock further value at its Covent Garden estate as it increases its estimated rental value target to £60-65m by the end of 2015.
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MirLand secures $47.5m loan for St Petersburg resi development
Russian developer MirLand’s subsidiary, Petra 8, has agreed a deal with SberBank of Russia Bank for a $47.5m loan to finance the construction of 630 apartments.
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Hyatt Regency sold in £27m deal
The Hyatt Regency hotel in Birmingham city centre has been sold out of administration in a deal thought to be worth £27m, reports claimed today.
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Northampton CPO inquiry to begin
An inquiry into a compulsory purchase order for the largest site in the Northampton Enterprise Zone will begin next week.
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Defence chief to speak at Public Property Summit
Defence Infrastructure Organisation chief executive Andrew Manley is to speak at Property Week’s Public Property Summit on November 27.
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Council makes “unsolicited” offer for Manchester’s London Road Fire Station
Manchester city council is proposing to buy the former London Road Fire Station building, opposite Piccadilly train station.
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Mountgrange offloads £25m site
Mountgrange’s Real Estate Opportunity Fund has sold a £25m site that has planning consent for an energy-from-waste power plant, two years after buying it for £15m.
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CSC manages effects of retail downturn
Capital Shopping Centres said this morning that its occupancy levels had dropped from this time last year, but it was continuing to manage the fallout of the continued downturn in the retail world.
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CBRE senior director arrested
An executive earmarked to take joint charge of CBRE’s UK business has resigned from the firm after being arrested last week.
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London & Stamford and Metric in merger talks
Discussions of a merger between London Stamford Property and Metric Property Investments are at an advanced stage, the boards of both companies have said this morning.
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CBRE senior director arrested
An executive earmarked to take joint charge of CBRE’s UK business has resigned from the firm after being arrested last week.
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Agents appointed on Comet administration
Agents Harvey Spack Field and Drivers Jonas Deloitte have been lined up by the administrators of collapsed retailer Comet to advise on the store portfolio.
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Manchester boss leaves Cushman & Wakefield
Cushman Wakefield’s head of Manchester, and one of the city’s best-known agents, last week left the company to pursue other interests.
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Swiss luxury jeweller opens first UK store at record rent
Swiss luxury jeweller Boghossian has signed to open its first UK store on Old Bond Street, setting a new record rent.
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Comet files for administration
Electrical retailer Comet has this morning filed its notice of intention to appoint administrators.