All Property Week articles in 15 March 2024 – Page 3
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News
Alumrose acquires site for 250-bed Elephant & Castle PBSA scheme
Octopus Real Estate loan backs scheme including 1,500 sq ft of retail space on the ground floor.
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Online
Schroders Capital secures £100m for UK Operating Hotels launch
The Schroders Capital UK Operating Hotels strategy will extend the firm’s presence in the UK market.
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Store closures expected as Ted Baker calls in administrators
Parent company Authentic Brands Group (ABG) is seeking a new partner for the brand.
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Currys announces profit outlook boost despite takeover collapse
Post-New Year trading sales “have been stronger than expected”, the retailer said in a stock exchange notice.
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TT Group sells Southampton industrial units for £5.7m
The 1.85-acre site is split into two self-contained units, one let to Sentry Self Storage and the other to Active Freight Management.
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News
Gove rejects Redrow’s Hertfordshire scheme despite inspector approval
Plans would have included a new sports centre, community hub, primary and secondary schools on greenbelt land.
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Liverpool’s Lock & Key Hotel on sale for more than £3m
The Sunday Times’ Top 100 British Hotels.
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Online
Harworth profit rises as firm remains on track to hit £1bn NAV target
The group remains confident it can become a £1bn business by 2027.
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News
Orega to open second Leeds site as flex expansion continues
The firm’s latest site will be within the city’s landmark Broad Gate office scheme.
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NewFlex opens new Cambridge workspace The Quad
NewFlex said the site is one of the UK’s strongest out-of-London business destinations.
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News
Crest Nicholson lowers home builds and reports defects on four sites
Despite building fewer homes, the housebuilder said sales prices were expected to remain stable in this financial year.
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News
Selfridges seeks parent company cash to repay loans as Saudi fund eyes stake
Iconic London department store faces a £27.3m loan repayment deadline.
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Labour will support cross-boundary strategic planning, says Pennycook
The shadow housing minister also discussed the need for an enforceable housing target.
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Former Close Brothers CEO Pennal joins Mera Investment Management
Frank Pennal will support the growth plans of the private real estate finance and investment firm.
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Prime London sales values dip in February
Supply and demand begin to balance in lettings market as rental growth stabilises, LonRes finds.
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Levelling-up delays ‘absolutely astonishing’, parliamentary watchdog finds
The Public Accounts Committee found no compelling examples of what levelling up has delivered so far.
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News
Modular developer Lighthouse files administration notice
The company said it was continuing efforts to secure the future of the business.
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Khan pledges to deliver 40,000 council homes if re-elected
This comes after the mayor of London also unveiled a new £100m Housing Kickstarter Fund.
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Price Bailey data reveals pub closures at highest point in over a decade
The number of UK pubs fell from 41,015 to 38,175 in the 10 years to the end of 2023, recently released data shows.
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News
Avison Young moves offices to new London West End flex space
AY’s lease on its Ganton Street office expires this month, while its Gresham House lease expires next year.