All Property Week articles in 12 July 2013 – Page 3
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Lend Lease MD of development quits to set up own firm
Lend Lease’s managing director of development is leaving the company to set up his own residential development firm.
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Colliers International opens Burma office
Colliers International has become the first international estate agency to operate in Burma, after opening an office in the country.
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Ask considers Airport City JV legal action
Ask Real Estate is seeking legal advice over its perceived exclusion from the search for a joint venture partner for the £650m Manchester Airport City.
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Ask considers legal action over Chinese bid for £650m Manchester Airport City
Ask Real Estate is seeking legal advice over its perceived exclusion from the search for a joint venture partner for the £650m Manchester Airport City.
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GPE director becomes president of BCO
Great Portland Estate’s Neil Thompson has become the president of the British Council for Offices as Land Securities and Argent directors become senior and junior-vice presidents.
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Schroder Real Estate Investment Trust suffers 10.8% NAV drop
Schroder Real Estate Investment Trust’s net asset value has dropped by 10.8% in the last year, with the company citing continued economic uncertainty for the drop.
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Atrium appoints new chief financial officer
Atrium European Real Estate has appointed Soňa Hýbnerová as its new chief financial officer to succeed David Doyle.
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London mayor sets out plans for four-runway airport
London mayor Boris Johnson has set out plans for three possible new hub airport locations for the capital to alleviate pressure as the existing sites reach capacity.
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Starwood and M7 tie up for £100m industrial push
An affiliate of Starwood Capital Group and M7 Real Estate have launched a joint venture to invest in the UK multi-let light industrial market, starting with 13 estates with a total value of £25m.
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Benson Elliot recruits former Canary Wharf chief as strategic adviser
Benson Elliot, the UK-based private equity real estate fund manager, has appointed Lord Levene of Portsoken to its board of strategic advisers.
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Amanda Wakeley opens second London store
Amanda Wakeley has agreed a deal to open a store at 18 Albemarle Street in London’s West End.
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Wells Fargo and Lone Star exchange on Eurohypo deal
Wells Fargo and Lone Star Funds have signed an agreement to acquire Commerzbank’s Hypothekenbank Frankfurt (formerly Eurohypo).
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Four-star hotel planned next to Olympic park
Starboard Atlantic Hotels has bought a 275,000 sq ft hotel site at The International Quarter in the Olympic Park in Stratford, east London.
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Cap & Reg sells £153m of property
Capital & Regional’s Mall Fund has sold two shopping centres “at a modest discount” to book value for a combined total of £152.5m, in a pair of deals originally tipped by Property Week.
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Internos raises €230m hotel fund
Internos Global Investors, the €2.1bn fund manager, has today announced the second closing of its planned €230m Internos Hotel Real Estate Fund.
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Cap & Reg sells £153m of property ahead of refinancing plan
Capital & Regional’s Mall Fund has sold two shopping centres “at a modest discount” to book value for a combined total of £152.5m, in a pair of deals originally tipped by Property Week.
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LondonMetric buys pair of distribution warehouses for £61.8m
LondonMetric Property exchanged contracts to buy distribution sheds in Bedford and Birmingham for £61.8m, reflecting a yield of 7.2%, as part of its increasing move into the world of retail distribution.
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Space under offer at Terrace Hill’s Victoria scheme
Giorgio Armani is planning a move into offices at Terrace Hill and Doughty Hanson’s Howick Place scheme in London’s Victoria.
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Green REIT share placing raises €310m
Green REIT has successfully closed an institutional placing of its shares, raising around €310m, including approximately €10m indirectly invested by the management team.