All Property Week articles in 14 May 2021 – Page 3
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Warehouse REIT acquires £20m logistics space
Warehouse REIT has acquired Cambridge South Industrial Estate for £20.1m, in a deal reflecting a 4.15% net initial yield.
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Panattoni acquires East Midlands site
Panattoni has acquired a 31-acre site at Junction 28 of the M1.
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Flexible workspace operator x+why secures two London locations
Flexible workspace firm x+why has secured two new London offices, at The Courtenay Group’s The Fulwood in Midtown and Huguenot Place in Spitalfields.
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Dobbies grows portfolio with Antrim opening
Garden centre chain Dobbies has signed for a 110,000 sq ft store at Lotus’ The Junction Retail and Leisure Park in Antrim, Northern Ireland.
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NAV and profit rise at Assura as healthcare developer post strong annual figures
Primary healthcare provider Assura has post strong rises in both net asset value (NAV) and profit in its latest set of annual figures.
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McKay Securities cheers ‘resilience’ of portfolio but net asset value dips
McKay Securities, the only REIT specialising exclusively in the South East and London office, industrial and logistics markets, has cheered its “portfolio’s resilience” after collecting 98% of rent for the last 12 months.
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Hilton Bracknell sold for £17.5m
Knight Frank has sold the Hilton Bracknell to an affiliate of KSL Capital Partners for £17.5m on behalf of Tabamara.
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Landsec insists recovery is on its way despite £1.4bn loss and plunging asset values
Landsec has insisted it is “poised for recovery” despite posting record losses and a slump in net asset value in its annual results.
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Workman appointed by Legal and General on Annuity LP portfolio
Property management and building consultancy firm Workman has been appointed to deliver property management services to LGIM Real Assets , Property Week can reveal.
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The Boutique Workplace Company opens doors at The Smith
The Boutique Workplace Company is opening a new business centre in The Smith, a 40,000 sq ft space in Kingston Upon Thames.
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OPDC launches public consultation on modified local plan
Old Oak and Park Royal Development Corporation (OPDC) has launched a public consultation on changes to its local plan for the regeneration area.
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Savills marginally closes gender pay gap
Savills has reported a marginal narrowing of the gender pay gap in 2020.
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GLP lets 300,000 sq ft warehouse to Whistl
GLP has let a 300,000 sq ft warehouse at Magna Park, Lutterworth, to Whistl.
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Landlords lose Regis CVA fees claim in High Court
Commercial landlords have been dealt yet another blow by the High Court as they lost their claim for the repayment of fees in Regis’ company voluntary arrangement (CVA).
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Zetland Capital acquires Morrison Hotel in Dublin
London-based private equity firm Zetland Capital has acquired Dublin’s Morrison Hotel.
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Former HMRC site earmarked for residential development
An 11-acre site in West Yorkshire has been brought to the market with a large-scale redevelopment for residential purposes expected.
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RTPI and Building People join forces to increase diversity in planning profession
The Royal Town Planning Institute (RTPI) has joined forces with social enterprise organisation Building People as part of the institute’s work to promote and support a more diverse planning profession.
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Savills predicts UK investment volumes to return to normal levels by end of the year
UK commercial real estate investment volumes for the year to the end of April are now just 22% down on the equivalent period in 2020, at £13.7bn.
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New East Grinstead retail and leisure hub comes to market
Evolve is on the hunt to find occupiers for its new retail and leisure development at Queens Walk in East Grinstead.
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AEW UK Core Property Fund trades in sheds for retail
AEW UK Core Property Fund has sold two industrial properties for a total of £9.4m in Batley, West Yorkshire, and Newbridge in Edinburgh.