All Property Week articles in 1 July 2016
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Why is the development pipeline for new student accommodation 'falling off a cliff'?
London is host to three of the world’s top 25 universities and has an international reputation for its unparalleled higher education system helped by the fact its universities produce around 3% of London’s GDP.
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Ask’s 100 Embankment gets go-ahead
Ask Real Estate, Carillion and Tristan Capital have been granted detailed planning consent for the second phase of their Embankment office scheme in Salford.
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Third North West PRS scheme approved for Select
Select Property Group has secured its third PRS planning permission in the Manchester region in two months, bringing its PRS pipeline in the region to nearly 1,900 units.
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British Land sells Debenhams flagship for £400m
British Land has exchanged contracts to sell Debenhams flagship store on Oxford Street for £400m to a private investor.
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L&G, Kames and BMO in fresh round of property fund cuts
Legal General, Kames Capital and BMO Global Asset Management have all cut the value of their property funds today and Aberdeen Asset Management has extended a suspension to its fund’s trading.
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Revised Old Oak masterplan revealed
Cargiant and London Regional have revealed the updated masterplan for their huge Old Oak Park regeneration scheme in west London, which includes retaining the 1940s Rolls Royce building previously earmarked for demolition.
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Redrow acquires shed site for Kent resi scheme
Housebuilder Redrow Homes has acquired a 27-acre plot at the former Sittingbourne Industrial Park in Kent, on which it will develop at least 350 homes.
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L&G buys Kings Cross hotel for £84.5m
Legal General has exchanged contracts this week to buy Whitbread’s flagship ‘hub by Premier Inn’ hotel in Kings Cross for £84.5m.
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Martin's secures £33m long term debt package
Chelsea landlord Martin’s Properties has completed a £33m long term senior debt financing package with Canada Life Investments.
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Valad offloads Holborn office on Brexit result day
Cromwell Group’s Valad Europe completed the sale of an office in Holburn for £11.45m on the day the EU referendum result was announced.
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Property shares rebound from hammering
Property shares have risen sharply in early trading this morning after tumbling over the past three days in reaction to the suspension of trading in property funds.
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Aberdeen slashes property fund price by 17%
Aberdeen Asset Management has slashed the value of its £3.4bn Aberdeen UK Property Fund by 17% in an effort to stem outflows.
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Great Portland is 'well positioned' after EU vote
Great Portland Estates chief executive Toby Courtauld has claimed the company is well placed to cope and even take advantage of market weakness following the EU referendum.
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Capita's Dornford leaves firm
Capita Real Estate’s managing director Alan Dornford will leave the company at the end of the month, Property Week can reveal.
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Contractors will 'find excuses' to cut corners post-Brexit
Developers should be wary of contractors looking to cut corners on construction post Brexit, a leading construction consultant has warned.
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QRE to develop 150k sq ft Angel Central
CBRE Global Investors has appointed Queensberry Real Estate (QRE) as development manager on Angel Central, its retail and leisure destination in Islington.
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Plans submitted for £175m Sheffield regeneration
Urbo has submitted plans for a £175m mixed-use scheme at West Bar in Sheffield.
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Radian invests £27m in Bournemouth PRS
Housing association Radian has announced a £27m plan to develop 113 private rented sector apartments in Bournemouth, alongside the council-owned Bournemouth Development Company.
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FTSE recovers but property stocks still falling
The FTSE 100 closed up Tuesday after the Bank of England eased rules for banks to encourage continued lending in the wake of Brexit.
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Rob Noel appointed to BPF top team
The chief executive of Land Securities, Rob Noel, has been appointed as the next junior vice president of the British Property Federation – meaning that he will become its president in two years’ time.