All Property Week articles in 15 April 2011 – Page 7
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Prupim buys £67m Tesco store and confirms hotel forward funding
Prupim has bought a £67m Tesco superstore in Cardiff for the M G Secured Property Income Fund.
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OPLC ponders neighbourhood naming ideas
“Plastic Fantastic”, “Redgravia”, and “Hoy Gateway” are among the first names suggested by members of the public for the “neighbourhoods” that are to be developed at the Queen Elizabeth II Olympic Park in London’s East End after next year’s Games.
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Controversial Broadgate redevelopment recommended for approval
The redevelopment of a new 700,000 sq ft HQ for investment bank UBS at Broadgate, which has been criticised by property and architecture grandees, has been recommended for approval by City planning advisers.
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Government boosts RGF allocation
The government has boosted the first round allocation of the regional growth fund from £250m to £450m after submissions surpassed original expectations.
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Standard Life completes Aberdeen block
Standard Life Investments has completed and fully let a 90,000 sq ft bespoke headquarters for Hydrasun Group in Aberdeen.
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Tesco and British Land refinance Beaumont Leys shopping centre
The Tesco British Land Property Partnership, a 50:50 joint venture between British Land and Tesco plc, has refinanced its Beaumont Leys Shopping Centre in Leicester.
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Sir Simon Milton, deputy mayor of London, dies aged 49
Boris Johnson’s chief of staff Sir Simon Milton has died, aged 49.
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Treasury cedes majority ownership of Battersea
REO and Treasury Holdings have undertaken a wide ranging debt restructuring that will see it give up majority ownership of Battersea Power Station to its lenders
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Scottish Widows and Centurion complete £60m St Martin’ industrial purchase
SWIP Property Trust has completed the purchase of eight industrial estates from St Martins for around £60m
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Vickers report says banks won’t flee City
The Independent Commission on Banking’s Interim Report, published this morning, has concluded that banking reforms should not adversely affect City competitiveness
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Cambridge property firms to merge
Carter Jonas is to merge with Cambridge based agency Jeffersons in a bid to grow the commercial business across the eastern region.
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BID pioneer to retire
Business Improvement District champion Graham McNally has announced his retirement as chief executive of Kingston Town Centre Management (KTCM) and Kingstonfirst after ten years at the helm.
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Frontier founders split as court dispute settled
The three founders of Frontier Estates have settled a legal row that commenced last year and divided the assets of the business
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Acuitus raises £10m from April auction
Acuitus’s April auction raised more than £10m from the sale of 13 lots including two freehold investments in Marylebone for £4m.
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Terrace Hill sells £41m of residential to fund debt repayment
Terrace Hill has completed three separate residential sales within Terrace Hill Residential, its 49% owned joint venture, for £41.4m
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Helical Bar announces £24m of asset sales
Helical Bar has announced the sale of £24m in assets as part of its strategy to dispose of non-core property.
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Barber joins Lathe for secondary shopping centre drive
Martin Barber, the former chief executive of Capital Regional, has joined Lathe Investments, the shopping centre fund manager
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Defence Infrastructure Organisation seeks property partner
The newly formed Defence Infrastructure Organisation is considering appointing a ‘strategic partner’ from the private sector to invest in its estate.
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Gazeley's Nick Redwood to leave
Gazeley’s Nick Redwood, senior vice president and managing director of Europe and the Americas, is to leave the firm.
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70 Gracechurch for sale at £200m
The Irish owner of 70 Gracechurch Street in the City is in talks to sell the building, which houses Marks Spencer and XL, for around £200m.