All Property Week articles in 13 October 2023 – Page 3
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Industry professionals make their pledges for new ‘Inspiring Diversity in Property’ campaign
Making a commitment to Inspiring Diversity in Property is about the role you as an individual have to play and we are asking everyone to personally pledge to do something positive in your own way to support increased diversity.
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Food brands agree Wembley Park deals amid influx of independent businesses
Quintain has agreed deals with two food brands to take over 10,000 sq ft of space at its Wembley Park scheme in Brent, north-west London.
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Urban Splash lost quarter of staff after failure of modular housing venture
Regeneration specialist Urban Splash has reported a £2.9m pre-tax loss and shedding a quarter of its staff in the fall-out of the collapse of its modular housing venture.
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JD Sports poised to take House of Fraser space at Cwmbran Centre in South Wales
JD Sports is believed to have agreed a deal to take over the former House of Fraser department store in the Cwmbran Centre in Torfaen, South Wales.
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Hendon resi and retail property leads Strettons’ October auction
A Domino’s Pizza takeaway in Hendon, north London with six studio flats above will top the bill for Strettons’ next auction, on 24 October.
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Art Invest puts forward refurb plans for Sackville House in Mayfair
Art Invest Real Estate has submitted plans to refurbish and extend Sackville House, Piccadilly in London’s Mayfair and create 30,000 sq ft of grade-A offices plus ground-floor retail.
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Bellway profits fall 18% in challenging housing market
Housing giant Bellway suffered an 18% slump in profit in the year to the end of July as home completions and revenue also fell.
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Private equity giant agrees £506m deal to take over Wagamama owner
The Restaurant Group (TRG), which owns Wagamama, is reportedly being taken over by US private equity giant Apollo in a £506m deal.
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Chief Executive Officer of TfL’s property arm says joint ventures are key to building affordable homes in the capital
Graeme Craig, Director and Chief Executive Officer of Places for London – Transport for London’s wholly-owned property company – speaks to Andrew Teacher about delivering affordable homes, the importance of building sustainably, and its multiple joint ventures across the capital.
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Nuveen partners with Apache Capital to deliver BTR housing across UK
Nuveen Real Estate has formed a joint venture with Apache Capital to fund single-family build-to-rent (BTR) housing across the UK.
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Investec provides £80m loan for Norton’s Suffolk distribution centre
Investec Real Estate has provided Norton Group with an £80m financing package to fund the development of a distribution centre in Suffolk.
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Wolverhampton school built for Queen Victoria’s Diamond Jubilee up for auction
A historic education building with planning permission for residential conversion near Wolverhampton in the West Midlands has been put up for auction by receivers and will be up for grabs at Bond Wolfe’s next auction on 26 October.
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Sandyford secures £20m Barclays debt facility in drive to double portfolio
UK multi-let industrial property company Sandyford Properties has secured a £20m, five-year revolving credit facility with Barclays to fund acquisitions, as the group looks to more than double its portfolio over the next five years.
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Tritax Big Box REIT agrees £500m RCF
Logistics group Tritax Big Box REIT has agreed a £500m sustainability-linked unsecured revolving credit facility (RCF) with a syndicate of its existing relationship banks and new lenders.
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The Association of Muslim Surveyors
The Association of Muslim Surveyors Initiative for Muslims and Non-Muslins is a personal and professional development platform founded by Sarah Chaudhry, who has worked in corporate real estate for 30 years.
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WeWork appoints David Tolley as permanent chief executive
WeWork has appointed David Tolley, the co-working giant’s interim chief executive since May 2023, as its new permanent chief executive.
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Oxford and Cambridge drive 30% rise in South East office take-up
Office leasing volumes across the South East and Greater London have risen 30% quarter on quarter, underpinned by activity in Cambridge and Oxford and a thriving tech sector, Knight Frank has reported.
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Charity groups come together to urge Sunak to speed up Renters Reform Bill
A group of 30 charities have written a letter to prime minister Rishi Sunak expressing concern over continued delays to the upcoming Renters Reform Bill (RRB).
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Bank of Ireland to relocate London offices to St Paul’s
The Bank of Ireland is relocating its London offices to the last vacant floor in Gresham St Paul’s, taking 18,807 sq ft in Stanhope and Swiss Investment Foundation AFIAA’s office scheme.
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Residential rental platform launched with aim of rivalling Rightmove and Zoopla
An online residential rental platform, krispyhouse, has been launched today (16 October), with the aim of rivalling services such as Rightmove and Zoopla.