All Property Week articles in 1 March 2019
View all stories from this issue.
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CLS and Inland Homes share prices react to results
CLS Holdings saw its share price climb 2.44% on Thursday to 251.5p after it reported a 4% rise in EPRA earnings per share.
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Gerald Eve and Peritus team up for corporate finance offering
Gerald Eve has launched a corporate finance arm in partnership with Peritus Corporate Finance.
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Quintain backs London property rental app
Developer Quintain has taken a 10% stake in London property rental app Movebubble.
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HMRC signs for Teville Gate House
HMRC has agreed a deal to move into its former offices at Teville Gate House in Worthing once they have been redeveloped.
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Local Shopping REIT responds to offer
Local Shopping REIT has branded an offer for the company by an activist shareholder as an “opportunistic attempt to take control of shareholders’ money.”
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Schroder REIT sells Wickes retail warehouse
Schroder Real Estate Investment Trust has exchanged contracts to sell the Wickes retail warehouse in Basingstoke for £12m, slightly below the book value of £12.5m.
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Real estate funds see five consecutive months of capital outflows
Real estate funds are experiencing faster outflows than in the months following the Brexit referendum result, according to data from Calastone.
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GHS lets three floors of 18 Hanover Square
The GHS Limited Partnership, a joint venture between Great Portland Estates and the Hong Kong Monetary Authority, has pre-let 53,900 sq ft of office space at its 18 Hanover Square office development to Glencore UK.
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Barwood Capital appoints new managing director
Northampton-based investor and developer Barwood Capital has reshuffled its board ahead of its next fund launches, including by appointing a new managing director.
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IWG share price rises despite profit drop
IWG’s share price rose 2.65% on Wednesday to 237.74p after announcing it is set to close some locations in underperforming markets after reporting a fall in pre-tax profit.
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CLS sees rental income and NAV rise
CLS Holdings saw its EPRA earnings per share rise 4% over 2018 to 13.1p while EPRA net asset value climbed 8.5% to 309.8p.
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LaSalle Investment Management names new chief executive for Europe
LaSalle Investment Management has appointed Karen Brennan as its new chief executive for Europe as Simon Marrison steps away from the role.
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Pictet Alternative Advisors launches new real estate fund
Pictet Alternative Advisors has launched a new real estate fund focused on mid-sized investments in Europe.
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Norges Bank ups its stake in Shaftesbury
Norges Bank has upped its stake in Shaftesbury to 25.06%, taking it over the threshold for it to vote down special resolutions brought forward by the company at AGMs.
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UK regeneration fund launches £100m fundraising
UK regeneration fund The Ginkgo x igloo Fund has begun a £100m fundraising round.
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Genr8 Developments appoints projects director
Manchester-based developer Genr8 has made a senior appointment to its development team.
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L&G grows real assets AUM to £27bn
Legal General has the grown assets under management of its real assets business by 14% to £27.1bn in 2018, from £23.8bn the year before.
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M7 raises €65m for new value-add fund
Investor and asset manager M7 has raised €65m (£56m) at the first close of its fifth European investment fund, M7 Real Estate Investment Partners V
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BPF report claims UK falls behind on technology infrastructure
The UK falls behind other countries in terms of venture capital investment and technology infrastructure, research commissioned by the British Property Federation has found.
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PDR could ‘kill off high street’, planners warn
Expanded permitted development rights (PDR) could kill off the high street by replacing shops with homes and creating “dead frontages”, the Royal Town Planning Institute (RTPI) has warned.