All Property Week articles in 10 December 2010 – Page 2
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Capital Shopping Centre rejects Simon’s £2.9bn bid
Capital Shopping Centres (CSC) has rejected Simon Property Group’s £2.9bn takeover bid, claiming it “very substantially undervalues” the company.
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MEPC kickstarts £470m refinancing
Business park developer MEPC today said it will paydown £102m of its £470m of securitised debt, as the first stage of a wider refinancing.
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Cannon Estates buys Gucci HQ
Cannon Estates has exchanged contracts on the £18m purchase of 4 Grafton Street, the Grade 1 listed Gucci headquarters.
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PWTV: Caan, Candy, Leslau and Bloxham give their tips for entrepreneurs
A star-studded line up gave their best advice for budding entrepreneurs at the Movers Shakers Question Time breakfast on Friday.
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Coffee Republic to open "flagship" London shop tomorrow
Coffee Republic will open a “flagship” coffee bar on London’s Tottenham Court Road tomorrow.
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Lok’nStore secures Lidl deal in Maidenhead
Lok’nStore, the AIM listed self-storage company, has agreed a deal with supermarket retailer Lidl for the shared use of its Maidenhead development site.
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Westbrook to take controlling stake in O Twelve
O Twelve Estates, the AIM-listed company that invests in the Thames Gateway area, is raising £35m of new equity through a sale of shares underwritten by US private equity group Westbrook.
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Primary Health buys in Scotland
Primary Health Properties has bought a medical centre in South Queensferry, Scotland, for 4.35m.
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Helical Bar buys Suffolk shopping centre out of administration
Helical Bar has exchanged contracts to buy The Guineas Shopping Centre in Newmarket, Suffolk for £17.75m.
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Henderson recruits Jamie Acheson as asset manager for its European Outlet Mall Fund
Henderson Global Investors has hired Jamie Acheson as an asset manager for its €1.3bn European Outlet Mall Fund.
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Great Portland unlocks 86,000 sq ft refurb
Great Portland Estates is to surrender seven leases held by Telewest UK at 160 Great Portland Street, London, to allow it to undertake a major upgrade of the property.
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Hammerson completes £557m Bishops Square disposal
Hammerson today announced the completion of the sale of its Bishops Square office building in the City, owned in a 25:75 joint venture with the state of Oman, to JP Morgan Asset Management for £557m.
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Simon makes £2.9bn bid for CSC
Simon Property Group this morning made a £2.9bn indicative takeover offer for Capital Shopping Centres.
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DTZ makes £6m half-year loss
DTZ made a pre-tax loss of £6m in the half year to October 31, with growth in its Asian business being offset by declining revenues in the more challenging UK and European markets.
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Help! Property Week seeks a shop for Romanian charity
Twenty-one years after the toppling of dictator Nicolae Caucescu, Property Week has teamed up with Romanian focused charity Agents of Change for this year’s Christmas appeal.
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Exane takes 43,000sq ft at 1 Hanover Street
BNP Paribas subsidiary Exane has taken 43,000 sq ft at 1 Hanover in London’s Mayfair at £70 / sq ft, as tipped by Property Week (22.10.10).
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Government to close 141 courts
The Ministry of Justice is closing 141 courts across England and Wales, raising the prospect of a £38.5m government sell-off of town centre assets.
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IPD: values increased 0.1% in November
UK commercial property values continue to stall, rising by just 0.1% in November.
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Raymond Blanc cooks up first north-west restaurant
Celebrity chef Raymond Blanc has confirmed plans to open a restaurant at Neptune Developments’ Mann Island in Liverpool city centre.
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L&G and Schroders confirm Waitrose Bracknell pre-let
Schroders and Legal General have confirmed a 36,000 sq ft pre-let to Waitrose, as revealed by Property Week last month.