All Property Week articles in 15 December 2023 – Page 2
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News
Scotsman unveils proposals for 600-bed third phase of St Andrews PBSA scheme
Scotsman Developments has submitted a proposal of application notice for the 600-bed third phase of its purpose-built student accommodation (PBSA) scheme at St Andrews.
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News
Cribbs Mall reports ‘hugely successful’ 2023 with 36 leasing transactions
The last year has been “hugely successful” at Cribbs Mall in Bristol with 36 leasing transactions over the 12 months, taking the West Country shopping centre to almost 100% occupancy.
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Online
Oxford Properties’ Joanne McNamara joins board of ESR Group
Joanne McNamara, executive vice-president at Oxford Properties Group, has been appointed as a non-executive director of ESR Group, effective 1 January.
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News
Seven local authorities threatened with intervention powers over local plan timetable
The Department for Levelling Up, Housing and Communities (DLUHC) has written to seven local authorities warning them to revise their local plan timetable or risk government intervention.
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News
Eastleigh and Runnymede councils issued best value notices over property portfolio debts
Eastleigh and Runnymede Borough Councils have been issued with best value notices by the government over concerns they are drowning in massive debt piles, largely accrued through real estate acquisitions.
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News
Universal Studios buys Bedford site as it plans first UK theme park
Universal Studios has purchased a 480-acre site in Bedford and is exploring plans for its first UK theme park.
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Online
Scottish Budget brings little cheer for hospitality or housing
Scottish property experts said yesterday’s Scottish Budget provided little help to support struggling retail and hospitality businesses or to address the housing crisis north of the border.
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Online
Inflation falls ahead of expectations to 3.9%
UK inflation dropped to its lowest level for more than two years in November as falling petrol prices helped drive a bigger-than-expected fall, official figures show.
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Online
Home REIT sells 80 assets at a loss as recovery plan continues
Home REIT has exchanged on the sale of 80 properties for £16.2m as it continues its recovery plan.
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Online
Hines secures €80m commitment from local government pension fund
Hines has added the largest UK Local Government Pension Scheme (LGPS) pool into its latest closed-end European value-add fund, Hines European Real Estate Partners III (HEREP III).
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Online
Schroder European REIT agrees early refinancing on Paris scheme
Schroder European REIT has completed the early refinancing of its lending on its St Cloud office development in Paris.
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Insight
The role of energy efficiency in higher education: The innovative approach of EcoSync & Corpus Christi College
EcoSync’s collaboration with Corpus Christi College at the University of Oxford is a crucial case study that highlights the importance of energy efficiency in universities and student accommodation.
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News
Lloyd’s of London to stay at iconic City HQ until 2035
Lloyd’s of London has struck a deal to stay in its famous City headquarters at One Lime Street until at least 2035 after reaching an agreement with Chinese investor Ping An.
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Online
Makers and Mentors
Launched by Mount Anvil and the Greater London Authority (GLA) in 2020, Makers & Mentors aims to inspire and support people from diverse backgrounds into careers in the built environment.
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Online
Commercial real estate investment to hit £50bn in 2024, Colliers predicts
The UK commercial real estate market could see transaction volumes of £50bn in 2024, significantly up on the circa £40bn recorded in 2023, Colliers has predicted.
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News
Acuitus reports a total of £175m in auction sales in 2023
The final Acuitus commercial property auction of 2023 raised £10m and brought the total volume of assets that the auction house sold during the year to £175m, with an average lot size of £717,000.
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News
Mencap sells long-time London HQ and buys replacement
UK charity Mencap has sold its long-term London headquarters for an undisclosed sum and is preparing to move to a new site for the first time in 50 years.
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News
Quintain boss explains the business model behind a successful large-scale regeneration scheme
James Saunders, chief executive officer of developer and asset manager Quintain is in the interview seat in PropCast this week, discussing the firm’s flagship Wembley Park development, the importance of branding in real estate, and why listed real estate firms can struggle to complete large redevelopment schemes on time.
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News
Lunson Mitchenall strengthens lease advisory team
Independent retail and leisure agency Lunson Mitchenall (LM) has announced the promotion of Nick Klein to head its lease advisory team and the appointment of BNP Paribas’ Mark Capanda as an associate director.
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News
Shepherd Chartered Surveyors announces raft of promotions across Scotland
Scottish property agency Shepherd Chartered Surveyors has announced six promotions across its residential and commercial operations to strengthen its ongoing growth strategy.