All Property Week articles in 11 December 2020 – Page 3
View all stories from this issue.
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OnlineNative Land buy M&G department store in Guildford for £20m
Native Land has bought a Debenhams department store in Guildford from M G for £20m with plans for a residential-led scheme.
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Contractors claim Ideal Modular Homes left £500k in unpaid bills following administration
Two construction firms have said they are owed more than £500,000 in unpaid invoices after Ideal Modular Homes fell into administration over the weekend.
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Octopus Real Estate buys £100m care home portfolio
Octopus Real Estate has acquired eight new care homes for £100m from LNT Care Developments.
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L&G secures second site in Birmingham
Legal and General has secured its second build-to-rent site in Birmingham.
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Shaftesbury portfolio drops 18%
The value of Shaftesbury’s portfolio has dropped by 18% to £3.1bn, as the FTSE 250 firm continues to feel the impact of the pandemic in central London.
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Stenprop secures £66.5m long-term senior debt facility
Multi-let industrial REIT Stenprop has secured with new £66.5m seven-year, fixed rate facility with ReAssure.
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SEGRO acquires control of French warehouse firm Sofibus Patrimoine
SEGRO has unconditionally acquired a further 74.9% of the share capital of Sofibus Patrimoine, a French urban logistics investment company, for €313.71 (£285.76) per share equating to a value of €178.6m (£162.7m).
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Kamco and Greenridge complete £31m warehouse refinancing
Kuwait-headquartered Kamco Investment Company and Greenridge Investment Management have completed a £31m refinancing of two long-let B Q retail warehouse facilities in the UK.
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AEW sells 730 Aztec West to council
AEW has sold 730 Aztec West in Bristol to a local authority for £9.1m, Property Week can reveal.
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LabTech brings 200,000 sq ft office space at Victoria House to market
LabTech has appointed Cushman Wakefield and Farebrother to market 200,000 sq ft of office space at Victoria House in Bloomsbury Square.
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London to enter Tier 3 restrictions this week
London will move into England’s highest tier of Covid-19 restrictions from Wednesday.
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Blackstone under offer to buy £340m EPIC UK portfolio
Blackstone is under offer to buy EPIC UK’s portfolio of eight industrial assets for around £340m.
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Asset manager appointed chair of Sustainability West Midlands
Andrew Pollard, managing director of Worcester-based property asset manager Place Partnership, has been appointed chair of Sustainability West Midlands.
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Ideal Modular Homes falls into administration
Modular housebuilder Ideal Modular Homes has fallen into administration, citing cashflow issues caused by the global pandemic.
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Scottish council to discuss £100m social housing plan
The Scottish council of Renfrewshire will this week discuss plans for £100m of social housing investment.
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Frasers Group sign new flagship store in Birmingham
Frasers Group has unveiled plans to open a 60,000 sq ft Sports Direct flagship in Birmingham city centre, as part of an initiative that will see key strategic flagship stores open around the UK.
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FirstPort makes three new hires
FirstPort has made three new hires to its product, customer experience and people communications teams.
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Legal & General invests £49m in Irish social housing
LGIM Real Assets (Legal General) has invested £49m (€54m) in Clúid Housing, one of Ireland’s largest approved housing bodies (AHBs).
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Ex-Dragon’s Den star acquires London Cocktail Club portfolio
A new company led by ex-Dragon’s Den star Sarah Willingham has acquired London Cocktail Club’s (LCC) portfolio of 10 sites with plans for fourfold expansion over the next five years.
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Harworth lets 38 acres at Warwickshire quarry
Harworth Group has let 38 acres of land at a quarry in Warwickshire to NRS.
