All Property Week articles in 14 November 2014 – Page 3
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Savills UK commercial performance offsets London resi slowdown
Savills has reported that UK commercial sales are showing “good momentum” helping to offset a recent slowdown in prime London residential markets.
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British Land posts NAV ahead of analyst consensus
British Land has reported an 11.8% jump in EPRA NAV buoyed by strong demand for London offices and an improved retail performance.
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BPF: Current business rates system threatens UK growth
The British Property Federation (BPF) has called on the government to move to an annual revaluations system for business rates or risk constraining business growth in the UK’s towns and cities.
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Harbert to be crowned on Project Emperor
US private equity firm Harbert is in pole position to land Goodman’s £133m nine-strong business park portfolio Project Emperor.
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Schroder posts sevenfold profit hike
Schroder Real Estate Investment Trust has proposed a £25m placing to help fuel further growth, after recording pre-tax profit of £36m.
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Mill unveils plans for resi REIT using crowdfunding
Mill Group has announced plans to launch a residential REIT that will allow investors to put money in using crowdfunding.
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CBRE hires from JLL for South East team
CBRE has extended its national office team with the appointment of Marianne Thomas as a director specialising in the South East office market.
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Middle Eastern buyer selected for New Scotland Yard
Northacre has been selected as the preferred bidder to buy New Scotland Yard from the Metropolitan Police for more than £300m.
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Rockspring buys Cambridge Research Park from Clearbell for £21m
Clearbell, the private equity real estate fund manager, has sold Cambridge Research Park to Rockspring Property Investment Managers for £21m.
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Parliament group backs further devolution to close north-south divide
The next government should extend devolutionary powers to the UK’s cities and regions to promote growth and close the UK’s north-south divide, a cross-party group of MPs and Peers has urged.
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L&G launches social fund with Patron Capital
Legal General Capital and Patron Capital have launched a new fund to identify and invest in long-term, operational, real-estate and infrastructure backed investment opportunities with a positive social impact.
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Lone Star chips in with Tiger buy
Lone Star with asset manager Ellandi is in pole position to buy Rockspring’s £265m shopping centre portfolio.
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BP Pension Fund buys £12m Manchester hotel
The pension fund of oil giant BP has bought the Ibis Budget hotel in Salford, Manchester, for £12m.
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10 trends reshaping global retail
JLL have released some fascinating data about the top ten economic, demographic and technology trends that are shapping the future of retail space.
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Crest Nicholson wins £1bn Wyton Airfield appointment
The Defence Infrastructure Organisation (DIO) has appointed Crest Nicholson lead development manager at Wyton Airfield, Cambridgeshire, where a £1bn “garden village” will deliver 4,500 new homes, infrastructure and other facilities.
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Goodman and Anglesea Capital form strategic partnership
Goodman and Anglesea Capital have formed a strategic partnership which will initially deliver 930,000 sq ft of prime logistics space next year.
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Morning After: Cyril Leonard's 80th birthday
Mayfair property consultancy, Cyril Leonard, celebrated 80 years in business with an exclusive reception held at Bonhams.
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Hermes and CPPIB form regional JV
Hermes Real Estate is selling 50% of the development phase of the mixed-use Wellington Place scheme, in Leeds, to Canada Pension Plan Investment Board (CPPIB).
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Caddick swoops on £500m Leeds development gem
Caddick Developments has bought a development site in Leeds, which has consent for a £500m mixed-use scheme.
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Restaurant Group plans expansion
The Restaurant Group, operator of more than 450 restaurants and pub restaurants, expects to open a further 16 sites before the end of this year, the company has disclosed.