All Property Week articles in 12 August 2022
View all stories from this issue.
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Supermarket Income REIT sweeps up four stores for £76m
Grocery property investor Supermarket Income REIT (SUPR) has acquired four supermarkets for a combined £76.4m, reflecting a combined net initial yield of 5.1%.
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Birmingham City Council spends £26m on business quarter site
Real estate investor UK Commercial Property REIT (UKCM) has sold 71,807 sq ft of office and retail space in the city’s central business district to Birmingham City Council for £26.4m
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Navees Rahman named as Planning Inspectorate interim CEO
The Planning Inspectorate has confirmed Navees Rahman will take up the role of interim chief executive from current CEO Sarah Richards when she stands down in the autumn.
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Stafford 900-home masterplan launched
Stafford’s position on the HS2 rail route is at the heart of a masterplan launched by the town to deliver 900 homes as part of a mixed-use community.
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Hybrid working ‘critical’ to future of real estate companies
Hybrid and remote working are here to stay after three-quarters of commercial real estate leaders told JLL’s Future of Work survey that they are critical to attracting and retaining staff moving into the future.
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PBSA providers must work more closely with universities, says TPMS
Greater collaboration between purpose-built student accommodation (PBSA) providers, universities and councils to create happier students and communities is needed, says The Property Marketing Strategists (TPMS).
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Building costs and regulations dent Churchill Retirement profits
Retirement housebuilder Churchill Retirement Living revealed a 9.8% drop in operating profit to £38.8m for the last financial year compared with 2021, driven by building costs and regulations.
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ASK Partners passes £1bn lending milestone
Real estate funding specialist ASK Partners’ completed loans passed the £1bn mark following a recent £44.5m co-loan with OakNorth Bank secured against Richmond’s former House of Fraser store.
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Battersea Power Station to welcome further range of brands
More than 20 brands are set to open stores at Battersea Power Station and the surrounding area, including Abercrombie & Fitch, IWC and M&S Food Hall.
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Orega to create 20,000 sq ft of flexible workspace in Manchester
Flexible workspace provider Orega is to create 20,000 sq ft of flexible workspace at The Tootal Buildings in Manchester.
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Government starts naming and shaming social housing landlords
The government has begun publicly naming and shaming social housing landlords by publishing findings of severe maladministration.
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Luxury fashion retailer Tessuti takes 14,000 sq ft at Bullring
Designer fashion retailer Tessuti has secured 14,100 sq ft of space at Hammerson’s Bullring shopping centre in Birmingham.
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Third Space to open sites in Wimbledon and Battersea
Fitness and health club operator Third Space is open two new sites, in Wimbledon and Battersea, next year as part of its expansion plans.
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Hargreaves Group acquires £7m Kent office with eye on repositioning
South East commercial and residential property specialist Hargreaves Group has snapped up Wellington Gate, a 27,365 sq ft grade-A office scheme in Royal Tunbridge Wells, for £7m.
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Landsec adds third ‘UK first’ leisure attraction at Bluewater
Real estate giant Landsec has added to its leisure offer at Bluewater with the free-fall experience Skydive, the UK’s only outdoor sky dive machine.
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Redrow buys Kent sites to build nearly 1,000 homes
Housebuilder Redrow has acquired two plots in Kent to build 987 homes across 116 acres, with a combined gross development value of £369m.
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Impact Healthcare delivers 88% H1 profit increase
Care home specialist Impact Healthcare REIT delivered first-half profit before tax up 88.2% to £27.3m on the same period in 2021, underpinned by market value uplifts across its portfolio.
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DNA Real Estate receives £21m loan for Brentford development
Specialist lender Cohort Capital has signed a £21m deal with developer DNA Real Estate to finance the purchase of Great West House, a 150,000 sq ft office building in Brentford, west London.
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CMA closes mis-selling investigation of housebuilder Barratt
The Competition and Markets Authority (CMA) has said it has closed its three-year investigation into alleged mis-selling of leasehold homes by Barratt Developments, the UK’s biggest housebuilder, citing lack of evidence.
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Colin Meharg hired by MGAC | RLF as director in Glasgow office
Consultancy MGAC | RLF has brought in Colin Meharg to be director and project management lead, responsible for advising clients and developing the business expansion strategy.