All Property Week articles in 13 April 2017
View all stories from this issue.
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OnlineGlobal investment to hit $1.39trn and beyond, Atlas Summary
Global real estate investment volumes are expected to hit $1.39trn in 2017, according to Cushman Wakefield’s The Atlas Summary 2017.
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OnlineM&S to close six stores
Marks Spencer has announced plans to close six stores due to changing customer habits – but it will open a further 34 Simply Food branches in the next six months.
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OnlineRegional Industrial take-up remains strong in Q1
The UK warehouse market saw transactions totaling 4.8m sq ft in Q1 of 2017, with above average take-ups recorded across the country’s core regions, including the North West, South East and West Midlands, according to Savills.
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OnlineCouncil set to refuse Sunderland manufacturing & commercial site
Sunderland City Council has proposed a recommendation to refuse planning for Town End Farm Partnership’s Wear Point 55 scheme at planning committee.
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OnlineRouse becomes deputy managing director of BNP PRE in Ireland
BNP Paribas Real Estate has announced the appointment of Kenneth Rouse as new deputy managing director for the Irish section of its business.
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OnlineCBRE’S head of rating relocates to Aberdeen
CBRE has announced that its head of rating in Scotland, Brian Rogan, has relocated to the Aberdeen office to focus on assisting clients in the North East with the business rates revaluation appeal process following the April revaluations.
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OnlinePGIM acquires Magnet portfolio in Hamburg
PGIM Real Estate has completed the off-market acquisition of a four-asset Hamburg office portfolio from Rockspring.
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OnlineDebenhams closes 11 warehouses and 'prepares' to shut 10 stores
The new chief executive of Debenhams plans to close 11 warehouses and potentially axe up to 10 stores as part of a new ‘social shopping’ restructuring plan.
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OnlineLending margins tighten in Q1
Greater competition for prime lending has led to a tightening of margins in the first quarter of 2017 with lending margins falling by 9bps.
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OnlineDouble letting signals success for Schroder at City Tower
Schroder Real Estate Investment has secured 47,500 sq ft of office lettings at City Tower in Manchester following a major refurbishment.
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OnlineLuxury car letting for Griffen in Warwickshire
Griffen has let a recently developed 130,000 sq ft warehouse in Wellesbourne, Warwickshire, to a luxury sport car manufacturer believed to be Aston Martin.
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OnlineBunzl shares dip
Shares in Bunzl fell 0.86% on Wednesday after the distribution company reported a revenue growth of 18% in the first three months of 2017.
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OnlineBallymore agrees first loan since NAMA exit
Ballymore Group has agreed its first loan since exiting NAMA at the end of 2016 with Investec Structured Property Finance.
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OnlineUK house price growth to top 10% over next 4 years
Average UK house price growth will reach 2.2% in 2017, a rise of £4,460 that will see the average home worth £210,400 at the end of the year, according to new research.
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OnlineSalmon Developments announces record profit of £6.3m in 2016
Salmon Developments announced a record profit of £6.3m in 2016 on a total income of £10m. In the same period a year earlier, the company had made £4.2m in profits on a total income of £11m.
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OnlineBNPPRE appointed by Pradera on eight-country mandate
BNP Paribas Real Estate has been selected to provide property management services in eight countries on behalf of Pradera.
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OnlineLidl and Wickes exchange to anchor new Wigston Retail Park
Kier Property has exchanged with Lidl and Wickes on a retail conversion site at South Wigston near Leicester.
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OnlineFormer KPMG real estate top team join EY
Ernst Young has announced the appointment of three new tax partners, Richard White, Nicola Westbrooke and Richard Ross, to its real estate, hospitality and construction (RHC) team.
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OnlineCBRE brings in Victor to strengthen EMEA offices team
CBRE has hired international office market expert Peter Victor to lead its tenant representation and acquisition services for occupier clients across the EMEA region.
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OnlineSavills IM sells up €579m of European assets to Signal, Deka & JPM
Savills Fund Management GmbH has sold seven assets in the Netherlands, four assets in Paris, two assets in Germany and one asset in Vienna to a range of firms and funds for €579m.
