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All Property Week articles in 15 November 2019 – Page 2
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OnlineBarchester snaps up Brighterkind care homes for £165m
Barchester has purchased 24 care homes from Brighterkind for £165m.
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OnlineM&G slashes retail values in rare intra-month valuation
M G Property Portfolio has slashed the value of its retail assets in a rare intra-month valuation update.
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OnlineAllsop appoints Jamie Hopkins as non-executive director
Allsop has appointed Jamie Hopkins, former chief executive of the Workspace Group, to its board as a non-executive director.
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OnlineDRC Capital completes W Hotel refinancing
A fund advised by DRC Capital has refinanced a €65m (£56m) development loan for a hotel in Santa Eulalia, Ibiza, in a deal brokered by BBS Capital.
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OnlineWeWork under investigation in New York
The New York State Attorney General (AG) is reportedly investigating WeWork on a number of allegations.
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OnlineDeutsche Bank announces first SONIA-linked loan
Deutsche Bank has announced its first Sterling Overnight Interbank Average Rate (SONIA) linked loan in a refinancing of Kennedy Wilson’s acquisition of Ditton Park in West London.
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OnlineCushman & Wakefield offers more generous paternity package
Cushman Wakefield has trebled paternity package offered to its male employees in the UK from two weeks to six weeks fully paid leave.
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OnlineAlbion Capital signs up Merseyside Pension Fund for ARAF
Investment manager Albion Capital has secured Merseyside Pension Fund as its first investor for its new asset-backed private equity fund, Albion Real Assets Fund (ARAF).
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OnlineVatican’s top financial regulator leaves after scandal on London property
The Vatican’s top financial regulator has been unexpectedly replaced following an investigation into the purchase of a London office building .
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OnlineRegtech can help mitigate risk in the property sector
Editor: In September, Purplebricks warned shareholders that it was in discussion with HMRC over its anti-money laundering procedures and that there could be a potential cost.
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OnlineGaw Capital secures new tenant for Exchange Tower
QBE Insurance has taken 31,796 sq ft of office space on a 10-year lease in Exchange Tower from Gaw Capital – relocating its technology services teams.
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OnlineGrainger Lewisham submits plans for over 300 BTR homes
Grainger Lewisham has submitted a planning application to develop a plot of land on Besson Street in New Cross Gate, south London.
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OnlineNew office construction starts drop off while pre-lets remain high
The number of new office schemes that have broken ground halved in the six months between April and September this year, making it the lowest level of new starts for five years.
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OnlineBNP Paribas announces new hire
BNP Paribas Real Estate adds hotel expert to its international investment group.
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OnlineOcubis puts prime West End office on sale for £75m
Ocubis has put 5 St James’s Square in the West End up for sale for in excess of £75m.
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OnlineHammerson sells Gloucester retail park at 8% below valuation
Hammerson has sold St Oswald’s Retail Park in Gloucester to the local council for £54m, 8% below the current valuation.
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OnlineNAV falls at Palace Capital
Net asset value (NAV) per share at Palace Capital dropped 3.9% during the six months to the end of September.
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OnlineDi-Stefano steps back from Urban & Civic role to avoid conflict of interest issues
Jon Di-Stefano has stepped down as chairman and member of Urban Civic audit committee in order to avoid any potential conflict of interest issues.
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OnlineAI-backed investment platform to enter UK after securing £61.5m
Proptech IMMO Investment Technologies has announced it will move into the UK market next year after securing a €72m (£61.5m) investment.
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OnlineThe Ability Group buy Cambridge hotel for over £55m
The Ability Group has bought The Tamburlaine Hotel Cambridge for a price in excess of £55m.
