All Property Week articles in 13 November 2020 – Page 2
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BlackRock poised to snap up Sainsbury’s Bedford DC for £90m
BlackRock is poised to buy a Sainsbury’s warehouse in Bedford from Legal General Investment Management (LGIM) for £90m.
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Hammersmith Galena House brought to market
Savills has been appointed to sell Galena House, a mixed-use property in Hammersmith, west London for £12.25m.
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Severn Trent to dispose of 19-acres of land across the Midlands
Severn Trent has brought four development sites in the Midlands to the market, totalling 19-acres, and has instructed Carter Jonas to dispose of them.
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FI Real Estate Management secures duo of lettings at Wrexham Industrial Estate
Property and asset management company FI Real Estate Management (FIREM) has welcomed two new tenants to Wrexham Industrial Estate as the demand for industrial space across North Wales continues to grow.
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Valley Ridge welcomes two new board advisors
Developer Valley Ridge Holdings has appointed David Church and Robert B. Cook as board advisors to support the delivery of the firm’s £500m staycation resort scheme in Suffolk.
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Italian food hall Eataly to open in the City next year
Italian-themed food hall operator Eataly has pressed on with plans to open its first UK outlet early next year.
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Beech Holdings gets green light for low carbon resi scheme in Manchester
Manchester City Council has granted planning permission for Beech Holdings to convert Mindel House and 11 Bloom Street into 80 low carbon apartments.
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Savills hires new head of leisure
Savills has expanded its property management division with the appointment of Julie Garsden, who joins as head of leisure.
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Mapfre acquires Slack HQ in Fitzrovia
Spanish insurance company Mapfre has purchased Yalding House in Fitzrovia through its real estate fund with GLL.
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Mileway acquires 138,000 sq ft London logistics unit
Pan-European logistics firm Mileway has acquired a 138,000 sq ft last mile logistics property in London through a sale and leaseback transaction.
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Redevelopment for 150 Aldersgate secured
Topland Group and Beltane Asset Management have secured planning permission from the City of London Corporation to extend and redevelop 150 Aldersgate Street and 3-4 Bartholomew Place in the City.
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Warehouse REIT makes double appointment in finance and investment team
Warehouse REIT’s external investment advisor, Tilstone Partners Limited, has hired Adrian Daminato as head of financial planning and reporting and Dan Ragonez as senior investment analyst.
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Town centre regeneration needs to put cyclists at its heart, says Mace
The Prime Minister’s ‘build, build, build’ mandate will require significant investment in regional regeneration projects. One ‘shovel-worthy’ scheme is Stevenage - one of the original ‘new towns’ - being driven by Mace Develop. But what else must the construction sector do to move forward?
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Half-year figures fall across the board at British Land, but dividend is resumed
British Land has resumed dividend payouts to investors despite an increase in pre-tax losses in the first half of the year, as revenue and portfolio valuations fell.
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Clarion appoints new CFO and COO
Clarion Partners Europe has appointed Maqbool Mohamed as chief financial officer and chief operating officer.
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£1bn added to UK economy for every 100,000 property transactions
For every 100,000 property transactions £1bn is added to the UK economy according to research by Knight Frank and The Home Builders Federation (HBF).
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Vaccine could boost central London economy by £22bn
The roll out of a Covid-19 vaccine could increase central London’s economy by £22bn, according to a report from consultancy firm Arup.
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Bidding for Freeport status begins in England
Bidding has begun to establish seven new Freeports across England, with the first expected to be opened in 2021.
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First net zero carbon development in Bedfordshire given green light
Tritax Symmetry has secured planning consent for 577, 000 sq ft of logistics buildings, which will be the first net zero carbon development in Bedfordshire.
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Aberdeen Standard puts Monument Mall on the market for £48m
Aberdeen Standard Investments is selling the Monument Mall in Newcastle for £48m.