All Property Week articles in 15 May 2020 – Page 3
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Trio of lettings at Aviva’s Riverside Way
Aviva Investors has secured a trio of new lettings at the Riverside Way industrial scheme in Uxbridge, which is now fully let.
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Watkin Jones puts in solid first-half performance as it prepares to mitigate Covid-19 impact
Student accommodation and build-to-rent group Watkin Jones has reported solid growth in revenue and profit for the six months to the end of March.
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Paragon lends almost £12m to EquaGroup for West London resi scheme
Residential developer EquaGroup has secured am £11.8m loan from Paragon Bank to assist with the acquisition of a site known as Ironbridge House in Hanwell and its subsequent conversion into 57 residential apartments.
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Tritax EuroBox posts robust results despite pandemic
Tritax EuroBox has posted a 3.5% rise in net asset value (NAV) for the six months to the end of March, despite the impact of the Covid-19 health crisis.
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Parliament’s £4bn restoration could be swapped for cheaper option
A review team has been set up to consider whether Parliament’s £4bn restoration can be done for less money in light of the coronavirus pandemic.
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Canary Wharf sets out back-to-work plan
Canary Wharf has launched a back-to-work strategy in an attempt to revive activity in London’s financial centre.
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London office construction jumps as demand plummets, survey reveals
The total amount of office space construction happening in London has jumped by 29% when compared with this time last year as developers’ confidence in London office leasing demand plummets.
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LSH hires Nick Carvey as associate director
Lambert Smith Hampton (LSH) has appointed Nick Carvey as an associate director in its industrial investment team.
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Genr8 submits plans for 62,000 sq ft Stoke-on-Trent office
Developer Genr8 has submitted plans for a 62,000 sq ft office scheme as part of its Smithfield development in Stoke-on-Trent, and is also due to submit planning for a 730-space car park on Potteries Way.
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Birmingham City Council hires Avison Young to review portfolio
Birmingham City Council has appointed Avison Young to lead a review of its commercial investment property portfolio, after a select committee on council property investment warned that the coronavirus slowdown had increased the risk involved in local authorities’ real estate investments .
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Hyundai secures 17,000 sq ft letting at Nuveen’s Birchwood Building
International motoring manufacturer Hyundai has taken around 17,000 sq ft of office space at the Birchwood Building in Leatherhead, Surrey, Property Week can reveal.
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Commercial property yields rise at fastest rate in almost four years
Yields on UK commercial property rose by their largest monthly amount since July 2016 in April, as the Covid-19 health crisis hits the sector.
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Citylife seeks permission for Yorkshire’s tallest building
Leeds-based property developer Citylife has submitted plans for its Two Springwell Garden development in Leeds city centre.
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Debenhams chairman blocks Next beauty hall deals on two stores
The chairman of Debenhams Mark Gifford has reportedly successfully blocked deals on two of Debenhams’ stores which would have seen Next open beauty halls in these locations, according to The Mail on Sunday.
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LXi pays dividend as profit doubles and NAV rises
LXi REIT, the long income property investor, has posted a rise in net asset value for the year to the end of March and more than doubled annual profit.
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Valuation falls hit NAV at Resi as Covid-19 bites
Residential Secure Income (Resi) suffered a fall in net asset value (NAV) in the six months to the end of March as property values were hit by the Covid-19 health crisis.
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Intu seeks standstill agreements with lenders in effort to avoid collapse
Troubled shopping centres giant Intu has said it is seeking standstill agreements with lenders in order to prevent expected covenant breaches.
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Propertyshe perspectives: time to get on your bike, the Covid-19 acceleration factor and the General Projects approach to development
With the relaxation of lockdown restrictions allowing some workers to return to their jobs, commuters are being encouraged to literally ‘get on their bikes’ to avoid crowding public transport.
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Blackstone confirms £4.66bn iQ buy
Goldman Sachs Merchant Banking Division and the Wellcome Trust have completed the £4.66bn sale of iQ Student Accommodation company
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Strettons releases catalogue for May auction
Strettons’ has unveiled a 33-lot catalogue for its May auction.