All Property Week articles in 1 October 2021 – Page 3
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Bristol nightclub sells for £1.36m
Matterhorn Investments has acquired the Mbargo nightclub in Bristol for £1.36m – £435,000 more than the original guide price for the venue.
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Battersea Power Station signs 14 retail brands
Battersea Power Station has secured leasing deals with 14 brands at its new retail destination, which will open to the public in 2022.
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I&L sector on track for record-breaking year
Take-up in the UK industrial and logistics sector is on track for a record-breaking year, according to the latest data from Knight Frank.
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Picton acquires Gloucester multi-let industrial estate
Picton has acquired Madleaze Trading Estate in Gloucester for £13.1m.
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Highcross Leicester signs four new brands
Highcross Leicester has announced that four new brands will open at its shopping centre between October and November.
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Cinch signs for space at Kennedy Wilson’s in Hook
Kennedy Wilson signed a new 10-year lease for around 25,000 sq ft with Cinch, the online used car marketplace, at Bartley Wood Business Park in Hook.
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TOG doubles space in Gridiron Building
Flexible workspace provider TOG has doubled its space in The Gridiron Building, to become the sole office occupier in the Pancras Square scheme in London.
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MINISO and Hamleys open in Oxford’s Westgate centre
Landsec has signed two new retailers at Westgate, the 800,000 sq ft retail and leisure destination in Oxford City Centre.
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Irish property investment bounces back from pandemic
Almost €800m (£685m) was invested in the Irish property market in the third quarter of 2021 25% higher than over the long-term average for the period.
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Oaknorth lends £18.5m on to fund new Aberdeen care home
Oaknorth Bank has completed an £18.5m loan to Care Concern Group to fund a new 81-bedroom care home in Aberdeen.
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Ousted RICS directors say apology is “difficult to accept”
The four non-executive directors wrongfully dismissed from the Royal Institution of Chartered Surveyors (RICS) have welcomed a formal apology from the body but have said that it is “difficult to accept it as a statement of genuine contrition”.
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SEGRO and Schroders complete industrial and warehousing swap
SEGRO and Schroders have completed a property swap on industrial and warehouse assets.
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AHTO joins with Citi to offer 4,000 rent-to-buy homes
AHTO Group has joined forces with US banking giant Citi UK to invest £1bn over the next 3-5 years in UK social housing.
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Riverstone appoints experience officer
Later-living developer Riverstone has hired Greg Mace as its new chief experience officer, Property Week can reveal.
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Commercial assets tops SDL September sale
Commercial properties such as an indoors market and a hotel were the top lots at SDL auction’s 30 September sale.
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Homebuyers drive up prices at Allsop’s residential sale
Owner-occupiers “battled” with professional buyers at Allsop’s 30 September residential sale, doubling the guide prices.
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Chancerygate sells Brum business centre for £5m
Chancerygate has sold the Octagon Business Centre in Birmingham for £5m, reflecting a net initial yield of 4.38% and a capital value of £150 per sq ft.
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GSA appoints non-executive chair
Global Student Accommodation Group (GSA) has appointed Alec Burger as non-executive chair, effective immediately.
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Watkin Jones’ Brum PBSA scheme receives greenlight
Watkin Jones has received resolution to grant planning permission for a 523-student home scheme on Elliott Road in Selly Oak, Birmingham.
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The rise of dark stores: the challenges operators face securing units
Throughout the Covid-19 pandemic, consumer demand for home delivery services has rapidly increased. Even though lockdown restrictions in the UK have eased, people have become accustomed to the convenience of home delivery.