All Property Week articles in 12 November 2021 – Page 4
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Insight
What will the Leasehold Reform (Ground Rent) Bill mean in practice?
The Leasehold Reform (Ground Rent) Bill is the first part of what the government calls “the most significant changes to property law in a generation”. The bill has made its way through the House of Lords and is currently awaiting debate in the House of Commons.
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Insight
Postcard from COP26
The Caledonian Sleeper train service has been saved from the axe a couple of times. If ever its time has come then it is surely during COP26. There was a sense of excitement about boarding an overnight train to Scotland with a bar and restaurant. It wasn’t quite Agatha Christie ...
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News
WeWork posts more losses in first results since IPO
WeWork has reported a further loss of $3.83bn (£2.85bn) for the nine months to 30 September 2021, in its first results since going public last month.
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Online
Aver sells Southampton shed to buy London office asset
Aver Property, the joint venture between Ergo Real Estate and NFU Mutual, has sold a warehouse let to B&Q in Southampton to fund the purchase of a London office building, Property Week can reveal.
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Online
UK house price growth expected to slow
Annual UK house price growth peaked at 13.4% in June 2021, according to Nationwide. Growth at this pace is unusual. Doing so in the aftermath of a pandemic is nothing short of remarkable.
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Online
Federated Hermes and CPP Investments expand JV in Birmingham
Federated Hermes on behalf of BT Pension Scheme and Canada Pension Plan Investment Board (CPPIB) have joined forces on the development of One Centenary Way at Paradise Birmingham.
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Online
Chancerygate and Bridges submits planning for spec logistics space in Tolworth
A joint venture between industrial developer Chancerygate and specialist investor Bridges Fund Management has submitted plans to speculatively build 67,975 sq ft of urban logistics space on a 2.78-acre site at Red Lion Road Business Park in Tolworth.
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Online
IM Properties secures forward funding for two logistics assets
Fiera Real Estate UK and Wrenbridge have agreed to forward fund the sale of two urban logistics schemes in Houghton Regis and Dartford to IM Properties for a combined price of £34m.
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Online
Grant Thornton signs for Colmore Row space in Birmingham
Grant Thornton UK has taken 12,146 sq ft at Birmingham’s 103 Colmore Row, the tallest new office building currently under construction outside London.
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Online
Former House of Fraser store in Oxford Street set for transformation
Planning permission has been granted to refurbish and extend the former House of Fraser department store at 318 Oxford Street.
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Online
M7 sells Croation business centre
M7 Real Estate has completed the final sale on behalf of the M7 Central European Real Estate Fund I with the disposal of the Mani Business Centre in the Croatian capital Zagreb to the Raiffeisen Pension Insurance Company.
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Online
Sanderson to head up Aviva’s real estate arm
Aviva Investors has appointed Ben Sanderson as managing director of its real estate division.
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Online
ASK agrees loan to Urbana Partners client
ASK Partners has provided a £10.5m senior loan on a 30-month term, secured against a 1.65-acre site which includes a three-storey, 70,000 sq ft office building in central Solihull, currently let to the National Grid.
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Online
Royal Mail takes Manton Wood warehouse space
Clearbell UK Strategic Trust has agreed a lease with Royal Mail on a 71,612 sq ft warehouse on the Manton Wood Business Park in North Nottinghamshire.
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Online
Knight Frank appoints Burt as head of UK building surveying
Knight Frank has promoted Andrew Burt to head of UK building surveying as part of the restructuring of the department.
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Online
Urban Logistics targets £200m fundraising
Urban Logistics is seeking £200m from a new share placing to help fund its acquisition pipeline.
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Online
Vistry appoints Findlay as new chair
Vistry Group has announced Ian Tyler will step down as chairman next May and will be replaced by former Marston’s pubs boss Ralph Findlay.
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Online
LondonMetric buys two warehouses for £135.6m
LondonMetric Property has paid £135.6m for two logistics warehouses in two separate deals.
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News
ULI calls for support for school initiative
Urban Land Institute has called on property chiefs to back its educational charity which entails a school outreach programme to students from underrepresented backgrounds.
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News
Beachrock sells PBSA site in Stratford to Watkin Jones
Watkin Jones has snapped up a prime student housing site in Stratford, east London, from investor 2020 Capital for around £17m.