All Property Week articles in 15 March 2024 – Page 2
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WeWork delays filing annual report
The troubled flexible office firm filed for Chapter 11 bankruptcy in the US late last year.
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Abercrombie & Fitch to set up shop on Oxford Street
The retailer has signed a multi-year lease for two floors in the mixed-use retail and office building.
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Former RICS president Chase joins Barnsdales
Chase will head the firm’s valuations activities and lead its first London office.
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Former IPSX CEO Clarke sets up advisory firm
The IPSX started winding down last year after failing to find investment.
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Abu Dhabi sovereign wealth fund shelves Liverpool One sale
Landsec was reportedly close to concluding a £350m for ADIA’s stake in the shopping centre.
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GCW promotes Philippe Micheal to equity partner
He will lead the firm’s people and culture division as well as overseeing its new ESG policies.
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Starbucks partner signs lease at Prologis Park Hemel Hempstead
Food Service Logistics has agreed a 15-year lease at the 161,134 sq ft distribution centre.
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RICS launches UK residential retrofitting standard
The standard, which will come into effect from the end of October, is designed to help members advise their customers on retrofitting options.
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Unite Students appoints Amy Round as group people director
She joins from electrical aviation firm Vertical Aerospace, where she was chief people officer.
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London has potential for co-living schemes with 600,000 beds, Gerald Eve reports
Gerald Eve reveals that despite co-living’s potential, supply in the capital is forecast to rise by just 11,500 beds by 2027.
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TCS posts fall in portfolio value but NAV nudges up
The firm said the reduction was primarily due to market sentiment around the macroeconomic outlook adversely affecting valuation yields, especially in offices.
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Regal London signs Epson UK for 30,000 sq ft pre-let at Watford scheme
The grade-A The Clarendon Works office scheme will open in Q3.
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ESTAMA UK wins contracts to manage three more shopping centres
Addition of Birchwood, Weston, and Byron Place shopping centres take the number of assets the firm manages to 17.
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Aviva Investors expands LTAF range with Climate Transition Real Assets Fund
Investors want “investments that deliver long-term performance and are aligned with net zero commitments”, the firm said.
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PRS REIT doubled profits in six months to December 2023
The firm put the growth down to the number of completed and let homes, as well as increased rents.
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Custodian shareholders back API merger
Property analysts said Urban Logistics REIT’s rival bid for API “may end up being jilted, and that may be no bad thing”.
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BAM completes acquisition of competitor ProCo-Living
This is Built Asset Management’s fourth competitor acquisition in less than three years.
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Tristan Capital Partners secures £47m Westfield Stratford office refinancing
Leumi UK and Delancey Real Estate provided loans to refinance One Stratford Place.
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Penn Elcom launches flat pack self-storage system as industry tops £1bn
DIY assembly system allows users to create units of any size.
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UK Apartment Association rebrands in rental sector expansion
The Association for Rental Living will represent all institutionally backed, purpose-built rented sectors.