All Property Week articles in 14 May 2004 – Page 4
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News
EP’s atomic buy
English Partnerships has bought the Winfrith Technology Centre in Dorset from the United Kingdom Atomic Energy Authority for £7.54m. The centre is on a 125 acre (50.6 ha) site. The acquisition is part of EP’s strategy to increase public sector land use and to support the government’s growth agenda ...
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Markets
Ashwell flies into Ipswich
Ashwell Property Group has bought a grade II-listed former airfield terminal building at Ravenswood in Ipswich and is to turn the 7.2 acre (2.9 ha) site into a £23m mixed-use centre. Cambridge-based Ashwell completed the acquisition from Ipswich Borough Council after securing full planning permission for the scheme, which features ...
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News
Rapleys launches regeneration arm
Rapleys is to launch an urban regeneration team to focus on the development of brownfield sites, on which the government has placed a strong emphasis. Alun Jones, development partner, will head the team.
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News
MWB and Manhattan Loft bite the Big Apple
Harry Handelsman’s Manhattan Loft Corporation and MWB Group have created Big Apple, an open-air art exhibition next to their £220m Canary Wharf scheme at 1 West India Quay, London’s tallest private residential building. Big Apple was launched last month by Handelsman and William Broadbent, director at MWB Group. ...
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News
Carlyle forms Danish alliance
US private equity group Carlyle has teamed up with Danish developer Nordkranen to buy 430,560 sq ft (40,000 sq m) of land from the Port of Copenhagen for the development of 400 flats. Carlyle and Nordkranen will invest a total of ¤130m (£87m) in the project, at Islands Brygge South.
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News
Casinos aim to score at Man City resort
US and South African operators bid to build £250m complex near stadium
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Professional
LDA appoints urban planning adviser
Colin Buchanan and Partners has won a three-year contract to provide advice on urban planning and regeneration to the London Development Agency (LDA). The firm is part of a panel of planning advisors to the LDA.
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News
Planning Bill accedes to statute books
The Planning Bill is finally set to become law after the longest passage through parliament of any bill in history. The Commons and Lords reached agreement on the bill on Tuesday, 18 months after it was first published.
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News
Myers and Chande buy £60m portfolio
Market movers re-enter development arena with purchase from Dutch fund
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News
5 threats to leases
Good news for occupiers as document reveals plans to ban upward-only rent reviews
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News
Brixton shares jump after Petchey ups stake to 5.9%
Jack Petchey, the hugely successful property share investor, has been stakebuilding in Brixton . The septuagenarian’s Trefick vehicle has built up a 5.9% stake after it emerged this week that he had just bought 3.6m shares. Brixton’s shares fell back from a high of 306p in March in the wake ...
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News
Hotbed buys £9.4m Leeds office investment
Private investors have shown renewed confidence in offices. Forty-two members of Hotbed, the investment boutique aimed at private investors, have bought 66,000 sq ft (6,130 sq m) of office space at Capital House 2 in Leeds from Broughton Estates in an off-market deal for £9.4m. The office building is let ...
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News
¤350m Finnish portfolio capture
Doughty Hanson Real Estate Fund is set to buy a ¤350m (£233m) portfolio of eight retail properties in Finland from Ilmarinen, a Finnish mutual pension insurance company. The 1.4m sq ft (130,000 sq m) portfolio includes shopping centres in Helsinki.
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News
Selfridges’ £300m revamp dropped
Selfridges has abandoned plans for the £300m redevelopment of its Oxford Street store in London. Galen Weston, owner of the Selfridges group that last year announced it would scale back plans for more regional stores, had appointed Stanhope to add 100,000 sq ft (9,290 sq m) of extra retail, 300,000 ...
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News
Hammerson JV for £300m Kingston plan
Developer and CIN to join forces for mixed-use scheme in Kingston
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News
Nomura and St James buy £245m Earls Court centre
Leisure operators and mixed-use developers queue up for west London halls totalling 1.3m sq ft
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News
Partner of the year 2004 Giraudeau joins Cushman
Nick Giraudeau, head of Colliers International’s European corporate services arm, has left the firm to join Cushman & Wakefield Healey & Baker . Giraudeau will join the 32-strong European corporate services team, led by global head Michael Creamer, as a partner next month. It is part of CWHB’s expansion of ...
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News
PFM European fund raises ¤193m at first closing
Property Fund Management has raised an initial ¤193m (£130m) of equity at the first closing this week of its ¤700m (£470m) European industrial property fund. The first investors in the fund, known as the Euroind High Income Fund (EHI), include ABP of the Netherlands, the Swedish pension fund Alecta, Insight ...
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News
Airdrie’s £16.6m retail sale
A syndicate of private investors has sold the Airdrie Retail Park for £16.6m. The 100,000 sq ft (9,290 sq m) shopping centre was bought by Morley Pooled Pensions. It has an open planning consent. The centre’s tenants are JJB Sports, Argos , Focus Wickes, Halfords and McDonald’s and the ...
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Markets
Resurgence of farmers drives land prices up 12%
Farmers are back as the dominant force in the rural land market, helping to drive up prices by 12% during the first quarter of 2004 compared with the same period last year, reveals the latest survey by the RICS . The RICS says that for the first time since 2002, ...
