All Property Week articles in 13 January 2017 – Page 3
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Online
DTZ Investors disposes of Folgate Court for £24.5m
DTZ Investors has sold Folgate Court, its Spitafields-based office refurbishment and development opportunity, to Brockton Capital for £24.5m, reflecting a capital value of £736/ sq ft.
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Online
Cochran to head up sales at Pocket
Residential developer Pocket has announced the appointment of Nathalie Cochran from First Base as its new head of sales.
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Online
Laxfield National secures funding for deals up to £100m
Laxfield Group, a real estate debt investment manager, has revealed that it is now able to fund individual loans of up to £100m thanks to an increased allocation of capital for its Laxfield National programme.
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Online
Shawbrook expands property finance team
Shawbrook Bank has expanded its residential mortgages team within the property finance division by appointing two new staff members.
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Online
Contour Capital recruits Morrison from Pluto
Specialist property finance provider Contour Capital have recruited Gavin Morrison as relationship director.
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Online
IHP snaps up Edinburgh Holiday Inn
International Hotel Properties has acquired the Holiday Inn Express Edinburgh City Centre for £17.7m from FRP Advisory, who act as administrators to owners the European Development Company.
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Online
Councils sitting on 22k empty London garages
London councils own 22,000 empty lock-up garages in the capital which could make room for at least 16,000 homes, according to research by property crowdfunding platform Property Partner.
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Online
Burlington Arcade put on the block
Thor Equities and Meyer Bergman have announced plans to sell the Burlington Arcade in Mayfair for a reported £400m.
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Online
St Modwen gets green light for Tamworth industrial scheme
St Modwen has been given the go-ahead for 800,000 sq ft of development on a 35 acre site in Tamworth, east of junction 10 of the M42.
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Online
JLL appoints Gregory as CFO
James Gregory has joined JLL UK as chief financial officer, following Richard Howling’s promotion to chief operating officer.
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Insight
2017 Predictions: is Brian Aldridge calling the top of the market?
“Buy land, AJ,” mobster Tony Soprano counselled his son a decade ago, “cos God ain’t making any more of it.” Now Brian Aldridge, the godfather of Ambridge, is following suit.
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Online
LGIM secures backing for £220m Eastbourne scheme
Legal General Investment Management Real Assets (LGIM Real Assets) has joined forces with an unidentified international investor to help fund its £220m retail and leisure scheme in Eastbourne.
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Online
Apache Capital and Moda Living secure £85m for Manchester scheme
Apache Capital Partners, the property investment management firm, and joint venture partner Moda Living have agreed senior debt financing of £85m secured on Angel Gardens, Manchester.
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Online
First Property joins forces with Oxbridge colleges
First Property Group, the property fund manager and investor, has established a new fund with three Oxbridge colleges.
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Online
Regent Street Partnership buys 10 Piccadilly for £129m
Regent Street Partnership, a joint venture between The Crown Estate and Norges Bank Real Estate Management, has acquired the long leasehold interest in 10 Piccadilly for £129m.
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Online
CSP appoints Burdon-Bailey to head new leisure division
Out-of-town retail agency Curson Sowerby Partners has appointed JLL’s Stuart Burdon-Bailey to run its new leisure division.
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Online
Mulbury gets green light for Manchester PRS
Specialist housing developer Mulbury has been given the go ahead to build 143 apartments in Ancoats, Manchester, aimed at the private rented sector (PRS).
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Online
M&G makes largest European acquisition with €230m Stockholm buy
M G Real Estate has made its largest single continental European acquisition with the €230m (£196m) purchase of a Stockholm office.
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Online
Europa in pole for Goodman's £500m ABPP
Goodman and L G are expected to make a decision on the buyer of its Arlington Business Park Partnership (ABPP) portfolio next week.
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Information
Central Newcastle office take-up closes in on out-of-town levels
For the first time in recent years, take-up of office space in Newcastle city centre almost equalled take-up on out-of-town developments, according to a consortium of North East-based chartered surveyors.