All Property Week articles in 15 December 2023 – Page 4
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TfL to receive £250m capital investment from government over 2024
Transport for London (TfL) has secured an agreement with the government today (18 December) for a capital investment fund of £250m over 2024.
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Shaftesbury Capital slims down board as three NEDs leave
Shaftesbury Capital has announced that three non-executive directors (NEDs) will step down at the end of January to slim down as it restructures following the merger of Shaftesbury and Capital & Counties in March.
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Investment firm Millennium pre-lets 176,000 sq ft Mayfair office scheme
Berkeley Estate Asset Management (BEAM) has pre-let the whole of its 176,000 sq ft office scheme in Mayfair to global investment firm Millennium for its European HQ.
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Dolphin announces wave of new board and committee appointments
Dolphin Square Charitable Foundation, the parent company of Dolphin Living, has announced the appointment of two board members and two committee members.
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BNP Paribas REIM acquires 25 Victoria Street offices for £42.5m
BNP Paribas Real Estate Investment Management (REIM) has acquired 25 Victoria Street, a grade-A building in central London, for £42.5m, marking the first UK acquisition of its European Impact Property Fund (EIPF).
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Pocket Living sells two rental assets for a total of £70m
Affordable housing developer Pocket Living has sold two rental assets in London, worth a combined £70m, which provide 257 homes, the majority for discounted rent.
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Paul Fosh Auctions finishes record year with December sale
Paul Fosh Auctions reported record sales of £50m in 2023 after its December auction raised over £4.7m, led by the sale of a former school site.
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WeWork claims record month for bookings in London
WeWork has reported its strongest-ever month for bookings in London, claiming that a robust return-to-office trend is proving the “resilience” of its brand despite its dire financial situation.
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Ardent signs D&D London co-founder for flagship F&B space at the Royal Exchange
The Ardent Companies UK has signed Des Gunewardena, co-founder and former chief executive of D&D London, to open a 6,500 sq ft restaurant, bar and event space at the Royal Exchange in London.
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Stonebond acquires 240-home Bedfordshire development site
Developer Stonebond has completed the acquisition of a 236-home development opportunity in Houghton Regis, Bedfordshire, from Lands Improvement for an undisclosed price.
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Homes England’s housing delivery drops in 2023
The number of construction starts and completions for new homes delivered through programmes managed by Homes England has fallen in comparison with 2022.
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Regal London gets the nod for PBSA pair providing 1,600 beds
Mixed-use developer Regal London has secured planning permission for two purpose-built student accommodation (PBSA) schemes totalling 1,580 beds across the London boroughs of Southwark and Brent.
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Parthena Reys buys Manchester’s largest office building from NatWest
Parthena Reys has purchased Manchester’s largest office building, One Hardman Boulevard, from NatWest Group for an undisclosed figure.
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Hammerson welcomes 115,000 sq ft of retail openings at Bullring & Grand Central
Hammerson has announced 115,000 sq ft of new retail openings at Bullring & Grand Central in Birmingham after a flurry of new openings late in the year.
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Aviva Investors fully lets York Street offices in Manchester
Aviva Investors has fully let its 11 York Street office scheme in Manchester after agreeing a deal with Ecclesiastical Insurance for the remaining space.
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Bruntwood SciTech appoints Oglesby as CEO
Bruntwood SciTech has appointed its current executive chairman Chris Oglesby as its new chief executive.
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Savills reports record year for auction sales
Savills’ auction department has reported a record year in 2023, with the hammer coming down on over £570m worth of property over the year, the highest amount in the team’s history.
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Halifax predicts house prices to fall in 2024
House prices are predicted to fall by between 2% and 4% in 2024, as broader economic challenges and mild downward pressure on house prices look set to continue, according to Halifax.
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Fiera Real Estate and Wrenbridge to develop £25m logistics scheme after site acquisition
Fiera Real Estate and Wrenbridge have acquired a 2.6-acre site in Waltham Cross, Hertfordshire, to speculatively develop a mid-box urban logistics unit with a GDV of circa £25m.
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Barkby Group makes first acquisition for roadside JV portfolio
Barkby, the roadside real estate business, and its joint venture (JV) with Meadow Partners has acquired its first asset for a total cost of £5.28m.