All Property Week articles in 12 December 2014
View all stories from this issue.
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OnlineFranklin boss urges Songbird to accept £2.6bn bid or find better offer
Franklin Mutual Advisers has written to Songbird Estates’ board urging it to accept a £2.6bn takeover bid for the company or seek a higher offer from another party.
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OnlineKKR pulls out of talks to buy £115m Leeds shopping park
US private equity firm Kohlberg Kravis Roberts (KKR) has today pulled out of a £115m deal to buy Birstall Shopping Park near Leeds, Property Week can reveal.
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Online
BlackRock puts Premier Marinas on the market for £220m
BlackRock UK Property Fund has put Premier Marinas up for sale, with a price tag of around £220m.
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OnlineTrafalgar New Homes claims problems behind it after profit fall
Pretax profit at Trafalgar New Homes has falled in the first half due to increased costs of completing Oakhurst Park Gardens development in Kent
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OnlineWrenbridge Land buys in Oxford for student housing scheme
Wrenbridge Land has bought a site in Oxford for a £20m top-end student housing scheme.
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Online
LondonMetric buys Warrington distribution centre for £47.5m
LondonMetric Property has paid £47.5m for a 690,000 sq ft retail distribution centre in Warrington.
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OnlineMill Residential raises £3.5m for pre-Christmas IPO
Mill Residential is poised for a stock market listing in time for Christmas after successfully raising almost £3.5m.
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Online
Bruntwood secures £300m funding facility
A banking syndicate has backed the Bruntwood Group in a five year £300m refinancing agreement.
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OnlineHong Kong tycoon scotches rumours of Shaftesbury bid
Hong Kong billionaire Samuel Tak Lee has sold almost 25% of his stake in Shaftesbury.
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OnlineStrategic road and rail plan a Christmas gift for the industrial sector
The British Property Federation has welcomed a new plan for developing the national road and rail networks as a boost for the industrial sector.
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OnlineNewRiver buys Sands Porfolio for £19m
UK REIT NewRiver Retail has paid £19m for the Sands Portfolio, which includes the Arndale Shopping Centre in Morecambe and five UK high street assets.
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Online
Hansteen sells industrial sites for £43.9m
Hansteen has sold eleven UK assets from the Ashtenne Industrial Fund for a combined price of £43.9m, in three separate transactions.
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OnlineUniversity of Law campus sold for £68m
Schroder Real Estate Investment Trust has bought a 50% interest in The University of Law campus in Bloomsbury, London, for £34m.
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OnlineSingapore developer Oxley makes Irish debut
NAMA has chosen Singapore developer Oxley to build 645,000 sq ft of office space next to the proposed new HQ of the Central Bank of Ireland.
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OnlineAviva sells Asian real estate platform to JP Morgan
Aviva Investors has sold its Asia Pacific real estate platform to JP Morgan Asset Management.
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OnlineMayfair Capital snaps up distribution hub
Wilton Developments has sold the Latitude 135 shed for £9.29m.
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OnlineAsian duo under offer on £100m City fringe campus
Chinese insurer Ping An and Gaw Capital Partners are under offer on an American business school’s £100m campus in Aldgate.
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OnlineLondon still the world’s most expensive office market
London remains the world’s most expensive office market but three of the five priciest markets are in Asia, CBRE research highlights today.
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OnlineCushmans hires CBRE man to head West End
Cushman Wakefield has hired Richard Womack from CBRE to lead its London West End capital markets practice.
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OnlineDerwent to redeem £175m bonds
Derwent London has announced it will exercise its right to redeem its £175m convertible bonds early.
