All Property Week articles in 12 July 2013 – Page 2
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Resolution Real Estate Fund IV makes debut buy
Resolution Property has purchased 69-90 Mile End Road, E1 making it the first property to be bought on behalf of Resolution Real Estate Fund IV.
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Land Securities maintains steady progress
Land Securities has today provided a positive report of its progress in its first quarter interim management statement.
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GPE announces Oxford Street deals
Great Portland Estates has today announced a duo of central London deals totalling £91.5m.
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Derwent launches £150m of unsecured convertible bonds
Derwent London will launch £150m of senior, unsecured convertible bonds in a bid to lower debt costs and fund its development pipeline.
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Multi chairman quits following allegations of tax evasion
Multi Development’s chairman Hans van Veggel has quit the company after it was revealed last week that he is being investigated by the public prosecutor in Holland for alleged tax evasion.
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Bargain Booze to float
Conviviality Retail, owner of Bargain Booze, will seek to raise £65m in an initial public offering and float on AIM as part of a strategy to expand its discount alcohol brand into the south-east.
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NewRiver and Pimco buy £49m Middlesbrough mall
NewRiver Retail and Pimco have bought the Hillstreet Shopping Centre in Middlesbrough for £49.4m, as tipped by Property Week in March .
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Great Portland announces Oxford Street deals
Great Portland Estates has today announced a duo of central London deals totalling £91.5m.
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Plans for Olympic Park CIL published
The London Legacy Development Corporation has published plans for its community infrastructure levy charging schedule, which could earn it up to £11.8m on residential property in the next decade alone.
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Agents appointed to sell Menzies hotels
Agents have been appointed to sell the Menzies hotel portfolio for a price which could reach up to £100m, after the hotel group collapsed into administration in May.
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Knight Frank: Shopping Centre Investment Quarterly Q2 2013
The shopping centre investment market remained robust during the first half of 2013, according to Knight Frank, and expect more trading during the second half of the year.
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KidZania to make UK debut at Westfield London
KidZania, the educational and entertainment brand for children, will open its first site in the UK and Northern Europe at Westfield London.
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Lancashire County Council buys £14m St Albans retail development
Lancashire County Council has forward purchased a hotel and retail development in St Albans for £14.35m from Rockspring Property Investment Managers.
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Helical secures 22,000 sq ft letting at 200 Aldersgate
Citizens Advice will move its London office from Pentonville Road to 22,000 sq ft of space at 200 Aldersgate from February 2014.
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“Smithfield Quarter” clears crucial City planning hurdle
The City of London’s planning committee has resolved to grant planning permission for the Smithfield Quarter, Henderson Global investors’ £160m mixed-use scheme in Farringdon.
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Almacantar signs on 125 Shaftesbury Avenue
Almacantar has exchanged contracts with BlackRock UK Property Fund to acquire 125 Shaftesbury Avenue.
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Wells Fargo’s Eurohypo acquisition – the first interview
The new Wells Fargo lending team “will not miss a beat” in servicing the market between now and when its acquisition of the £4bn Eurohypo book completes next month, with the team actively in the market pursuing deals.
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Lone Star’s biggest Eurohypo loans
Wells Fargo’s purchase of the £4bn Eurohypo loan book includes £1.3bn of non-performing loans that will be managed by Lone Star.
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Prisk lines up small sites for post-2015 public land plans
The housing minister has outlined his plans to release a number of smaller public sites to speed up the supply of new homes.
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Stanhope and Mitsui exchange contracts on £65m City buy
Mitsui Fudosan UK and Stanhope have today completed the purchase of One Angel Court in the City of London, and are expected to unlock development of a scheme that could be worth as much as £300m.