All Property Week articles in 15 May 2020 – Page 2
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GPE secures 39,970 sq ft pre-let at 1 Newman Street
Great Portland Estates has pre-let three floors at 1 Newman Street and 70/88 Oxford Street in London’s West End to Exane BNP Paribas.
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Supreme Court win for retailers in £430m ATM business rates case
The UK supreme court has ruled that ATMs inside and outside stores should not be assessed separately for business rates in a decision that will cost local authorities £430m in tax rebates.
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BoKlok appoints modular housing partner
BoKlok, the housing joint venture between Skanska and IKEA, has appointed modular housing manufacturer TopHat to help deliver its first UK homes.
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Avignon Capital launches new corporate accounting service
European investor and asset management firm Avignon Capital has unveiled a new corporate accounting service.
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HqO launches app for office building management
Proptech company HqO has launched an operating system that enables landlords to manage all aspects of commercial office buildings.
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Centrix business park expands with new 165,000 sq ft unit
Centrix business park in Corby is expanding with a new multi-million-pound, 165,000 sq ft unit, which is expected to be completed in the next year.
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Investar and Trafford Collge Group submit planning for 442-unit residential scheme
Developer Investar and Stockport College’s parent company Trafford College Group has submitted a planning application for a 442-unit residential scheme near Stockport College.
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Vistry boasts strong demand but does not rule out taking government Covid-19 loan
Vistry, the housebuilding giant formerly known as Bovis Homes, has said the group performed “better than initially expected” during the Covid-19 lockdown and was now operating across all of its 73 contracting sites.
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GPE produces robust annual figures but concedes recession will impact demand for property
London-focused developer Great Portland Estates (GPE) has posted a 1.8% rise in net asset value (NAV) for the year to the end of March.
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Unibail-Rodamco-Westfield Unveils plans for shopping centre reopenings
Unibail-Rodamco-Westfield has unveiled plans to reopen both its London shopping centres after the government gives the green light to go ahead.
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Parabola submits plans for next phase of green Edinburgh scheme
Developer Parabola has submitted plans for the next phase of its net zero carbon scheme in Edinburgh, which will see it add 1,700 new homes and 350,000 sq ft of commercial space to its mammoth mixed-use scheme in the city.
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Meyer Bergman announces €2bn pan-European last-mile logistics platform
The new platform Crossbay, which already has over €500m(£450m) of assets under management, is aiming to meet increasing demands for logistics space following a surge in online shopping.
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WeWork investment was ‘foolish’ says Softbank CEO
Softbank chief executive Masayoshi Son said the telecom giant’s WeWork investment was “foolish” in an investor call on Monday (18 May).
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Long Harbour appoints Stephen Hockaday as senior advisor
Investment manager and freeholder Long Harbour has appointed Stephen Hockaday as its new senior adviser for the built environment.
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Marble Arch office prepped for sale
The owners of 16-17 Connaught Place in Marble Arch, London are eyeing potential buyers after purchasing the 83,000 sq ft office block five years ago.
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Calthorpe Estates chief executive steps down
Calthorpe Estates chief executive Mark Lee will stand down from his role in July.
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Former Debenhams 25,450 sq ft Wakefield warehouse leased
Leeds property developer and investor Pullans has let a former Debenhams warehouse in Wakefield, Yorkshire, to insulation distributor Markovitz.
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Capital & Centric completes Weir Mill buy as part of £60m project
Capital Centric has completed the purchase of the Weir Mill in Stockport for a residential scheme that will form part of the city’s Mayoral Development Corporation’s (MDC) plans for a new mixed-use community.
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Café Rouge owner set to appoint administrators
Casual Dining Group has filed a notice to appoint administrators as it struggles to cope with the impact of Covid-19.