All Property Week articles in 1 November 2019 – Page 2
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Scottish designer retail outlet to get £7m refurbishment
A retail outlet park in Gretna, Scotland is getting a refurbishment and a host of new tenants thanks to a £7m refurbishment from pension fund RPMI Railpen.
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LSH recruits Flavio Ponticello as part of Europe expansion
Lambert Smith Hampton (LSH) has appointed Flavio Ponticello as a manager as part of its expansion in southern Europe. He will lead the firm’s Milan office, which is set to open early next year.
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Blackpool Council buys shopping centre at 55% discount
Blackpool Council has acquired the Houndshill Shopping Centre in Blackpool out of receivership for £47.6m – less than half (55%) of what its previous owners paid for it only four years ago.
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Impact looking to raise £50m
Impact Healthcare REIT is looking to raise £50m through a share placing to fund new acquisitions.
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Winckworth Sherwood grows commercial property team
National law firm Winckworth Sherwood has expanded its commercial property team with two new partners.
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Weston Homes acquires car park for £93m resi scheme
Weston Homes has acquired former Pearson Education HQ carpark in Harlow which will be used for a £93m residential development.
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Regulator clears Unite’s £1.4bn Liberty Living deal
Student accommodation group Unite has been given the go-ahead to complete its £1.4bn acquisition of Liberty Living by the competition regulator.
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Intu warns on falling rental income and considers equity raise
Intu Properties is considering an equity raise, the company said this morning, as it forecast a further fall in rental income for the year in the wake of rising store closures.
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Saudi Ambassador pours cold water on Kingdom’s backing for Candy’s Capco bid
The Saudi Arabian Ambassador to the UK has dealt a huge blow to Nick Candy’s ambitions to bid for Earls Court and Covent Garden owner Capital Counites (Capco) by denying any possible bid has the backing of the Kingdom’s Public Investment fund.
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Robert Tchenguiz launches restructuring assault on Urban Exposure
Real estate lending group Urban Exposure has said it will consider a restructuring proposal from Robert Tchenguiz’s R20 Advisory.
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Jamie Pope joins Knight Frank London capital markets team
Former HFF Europe boss Jamie Pope has been appointed as the chair of Knight Frank’s London capital markets team.
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Westfield London named top shopping centre in the UK
Westfield London has been named the UK’s number one shopping centre for the second year running, according to Trevor Wood Associates’ Going Shopping – The Definitive Guide to Shopping Centres 2020.
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Council’s bid for shopping centre falls through after PWLB loan hike
Forest Of Dean District Council has walked away from a £50m deal to acquire a shopping centre in Worcester after an interest hike on loans from the Public Works Loan Board (PWLB).
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Aviva Investors’ One Liverpool Street gets green light
Aviva Investors has been granted planning for a new City of London office building, One Liverpool Street.
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Long Harbour appoints new managing director
Rebecca Taylor has been promoted to managing director of Long Harbour’s build-to-rent investment team for the Long Harbour Multi-Family (LHMF) investment programme.
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Hearthstone Investment Management Fund expands PRS portfolio with new acquisitions
Hearthstone Investment Management has exchanged on 113 new homes across southern England and the Midlands, on behalf of Hearthstone Residential Fund 1.
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Scotland’s Brew Dog sells ‘Hop Hub’ distribution HQ
Scottish craft brewer Brew Dog has sold its global distribution headquarters known as “Hop Hub” for an eight-figure sum.
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Housing Minister announces proptech advisory council
The UK government is assembling an expert council to advise ministers on how they can help grow the proptech sector.
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None of promised starter homes delivered, watchdog finds
None of the 200,000 starter homes planned by the Ministry of Housing, Communities and Local Government have been built, according to the National Audit Office.
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Miller Homes announces new hire
Miller Homes has appointed Warren Thompson as divisional managing director for the North of England.