All Property Week articles in 13 January 2017 – Page 4
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Online
Savills shares jump almost 14%
Savills shares leapt 13.69% on Thursday after the firm revealed that its financial results for 2016 would be “meaningfully” ahead of expectations.
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Markets
Q&A: North East sets out stall to be UK’s next digital powerhouse
When it comes to the UK’s tech industry, London’s Silicon Roundabout may generate most of the headlines, but Newcastle is coming up fast on the rail.
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Markets
Building on Sunderland’s heritage to bring about regeneration
In the dying weeks of 2016, the first soil was turned on the Vaux project in Sunderland city centre. But this wasn’t just the start on site of any old project.
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News
Coffee chain to hit Bristol
Trendy London coffee chain Department of Coffee and Social Affairs has snapped up a store in Bristol’s Cabot Circus for its first unit outside the capital.
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Insight
2017 Predictions: inflation and interest rate rises
The ‘so far, so good’ post-referendum economic picture continued through the end of 2016. The IHS Markit’s Purchasing Managers’ Index (PMI) for December showed a rise in all-sector activity to a 17-month high.
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News
Spaces to open office hub at Park Royal site
Creative workspace provider Spaces will open its second London centre, at Park Royal, as it continues its UK expansion.
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News
Investment volumes fall 18.5% in Q4
Investment volumes in the final quarter of 2016 fell by 18.5% compared with the same period last year to £12.8bn and overseas buyers were responsible for almost half of the deals recorded.
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News
Next bags former BHS store in Burton mall
The bulk of the former BHS store in Burton upon Trent has been scooped up by its former competitor, Next.
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News
C&W sets up transformation team to ‘future-proof’ itself
Cushman Wakefield is hoping to ‘future-proof’ itself with a new team set up to identify and integrate the sorts of practice currently being driven by proptech disruptors.
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Insight
From powerhouses to power councils
Is it just me or have we been transported back to the 1970s? It’s not just the relentless strike action, growing militancy among the masses or shifting political landscape (in which left is left and right is increasingly right); it’s the councils too.
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Markets
Why Brexit vote could be more of a help than a hindrance
To kick off the new year, Property Week asked our inaugural panel of regional experts to give their forecasts for the North East market in 2017 and, despite the challenges, the outlook is positive.
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News
Land Securities raises white flag in Worcester retail battle
Land Securities is considering an alternative scheme in Worcester after conceding defeat in its efforts to develop a £150m retail park anchored by John Lewis on the outskirts of the town.
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News
Lloyds sells off high-street bank branches
Lloyds Banking Group has offloaded 84 bank branches in sale-and-leaseback deals in a bid to boost its balance sheet ahead of its return to full private ownership.
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News
Clipstone bags six SE sheds
Clipstone has bought six South East industrial properties for a combined price of £28.7m, bringing its industrial portfolio to around £300m.
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Insight
Local government property: on good authority?
There’s a new property player in town. It has access to cheap money and is not afraid to splash the cash. The name of this new investor: your local council.
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News
OakNorth funds aparthotel development
OakNorth Bank has provided a £16m development loan to the Mason family, who are well-known property investors and advisers in Liverpool, for a new 202-bed aparthotel in the city.
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News
Lothbury hooks AlbaCore
Lothbury Investment Management has let the last remaining unit at its St James’s office scheme in London’s West End at a rent of £115/sq ft.
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Insight
Agents not tech companies are driving digital revolution
A general assumption within the property industry is that the adoption of innovative new technologies is driven ground-up by tech companies migrating into the sector.
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News
Safestore chief exec bullish about self-storage firm’s prospects
Safestore chief executive Frederic Vecchioli has given an upbeat assessment of the company’s prospects after it posted strong profit growth in full-year results.
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News
Student housing firm secures £305m debt deal
Vero Group has rebranded as iQ Student Accommodation and secured a £305m debt facility arranged by Morgan Stanley with participation from RBC Real Estate Capital Partners.