All Property Week articles in 12 December 2014 – Page 2
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Online
Nine Elms residential site approved
Taylor Wimpey and Addition Land have received planning permission for a mixed-used development at the gateway of the Nine Elms regeneration area.
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Blackstone makes Dublin purchase
Blackstone Real Estate Partners Europe has acquired The Atrium buildings in Greater Dublin from a group of private investors led by Pat Gunne.
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Dixons Carphone sees 30% profit rise
Dixons Carphone has posted a 30% rise in first half profits in its first results since the £3.7bn merger of Dixons and Carphone Warehouse completed in August.
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Picton completes equity raising
Picton Property Income has successfully raised £25m of fresh equity to fund new acquisitions.
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Acuitus year total up 30%
Auction firm Acuitus has sold more than £230m of property during 2014 – a 30% increase on the firm’s 2013 sales volume.
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M7 launches first third party fund
Investor and asset manager M7 Real Estate has raised its first fund for third party investors and has acquired assets for the fund for £25.7m.
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Videos
A sight many would pay not to see
When the last ever Athena store shut its doors in Exeter this year, it sparked a slightly more emotional reaction in JLL’s retail head Tim Vallance than might have been expected.
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Qatar and Canary Wharf defend Shell Centre redevelopment
Canary Wharf Group joined forces with its Qatari predators today as the groups began fighting off a legal challenge of their government backed-plans for the Shell Centre in Waterloo.
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Delin buys mega Dutch shed
Delin Capital Asset Management has acquired a 1.1m sq ft logistics asset in the Netherlands for £59.65m (€75m).
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Parsons Brinckerhoff takes new Bristol office
Parsons Brinckerhoff has taken 17,191 sq ft at Kings Orchard in Bristol’s floating harbour.
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BPF backs calls for brownfield land fund
The British Property Federation has backed calls for the government to create a remediation fund for development on brownfield land, which it says would provide a boost to the property industry.
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Co-op Bank fails Bank of England stress tests
The Co-op Bank has pledged to focus on reducing its non-core residential mortgage portfolio after failing the Bank of England’s stress tests.
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Cushman & Wakefield buys New York broker
Cushman Wakefield has agreed to buy the New York property broker Massey Knakal Realty Services.
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Local authorities risking unwanted development, MPs find
Four in 10 local authorities do not have a local plan in place, leaving them open to unwanted development, according to a new select committee report.
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RBS sells Ulster Bank's giant Aran loan portfolio
The Royal Bank of Scotland Group has announced the sale of Ulster Bank’s giant €5.6bn (£4.8bn) Irish real estate loan portfolio – dubbed Project Aran – to an affiliate of Cerberus.
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NAB sells £1.2bn UK loan portfolio to Cerberus
National Australia Bank (NAB) has announced the sale of a £1.2bn UK non-performing loan portfolio to an affiliate of Cerberus.
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Westminster unveils office-to-resi crackdown
Westminster City Council today announced plans for a clampdown on office-to-residential conversions in central London.
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Government fast-tracks scheme for first-time buyers
More than a dozen of the country’s leading housebuilders have signed up to a new government scheme aimed at boosting the supply of homes for first-time buyers.
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Paradise Circus work to begin in January
Work on Birmingham’s long-awaited Paradise Circus scheme will begin in January, the joint venture behind the project has announced today.
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Northwood completes £635m deal for Highcross
US fund manager Northwood Investors has bought UK company Highcross, including more than 7m sq ft of property, for £635m.