All Property Week articles in 15 October 2021 – Page 2
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News
Marble Arch Mound costs concealed from council members
An internal review into the failings of the Marble Arch Mound has found that the project’s mangers hid the rising costs of the scheme from Westminster City Council members.
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M7 Capital funds £7.3m Glasgow office acquisition
M7 Capital has provided a £7.3m loan on behalf of UK debt fund TREC II, to Garroch Investments, supported by Craigend Properties, to fund the acquisition of Princes House, an office building in Glasgow.
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Aprirose Fedex shed deal signed, sealed and delivered
Aprirose has expanded its logistics portfolio with the acquisition of a warehouse in Aberdeen, Scotland, let to Fedex for 15 years.
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Gerald Eve hits record-high revenues
Gerald Eve has recorded its highest revenues on record for the year to 5 April 2021, with turnover at £75.8m.
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Proportunity raises more than £100m to increase UK home ownership
London-based fintech company Proportunity has raised investment of £105m ($150m) through debt and equity funding to help more UK residents buy a home.
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Orchard Street secures two leases at Manchester flagship office
Orchard Street Investment Management has completed two lettings across six floors at its flagship Bauhaus office building in Manchester city centre.
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Canary Wharf leases almost 50,000 sq ft of restaurant space
Canary Wharf Group has signed four deals to restaurant operators covering more than 44,800 sq ft of space in its mixed-use Wood Wharf neighbourhood.
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Sidra Capital acquires office opposite Buckingham Palace
Sidra Capital has acquired 4-5 Buckingham Gate, opposite Buckingham Palace, in the heart of St James’s Park, central London.
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WeWork to list on New York Stock Exchange tomorrow
Flexible workspace provider WeWork is set to join the stock market tomorrow after its merger with special-purpose acquisition company BowX Acquisition Corp.
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GPA recruits strategic workplace expertise
The Government Property Agency (GPA) has appointed Louis Roberts as deputy director for workplace service delivery to strengthen the agency’s service strategy.
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Zara opens on Cheapside in City
Fashion retailer Zara has opened a new store at Landsec’s One New Change on Cheapside in the City of London.
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CMA investigating takeover of GCP Student Living assets
The Competition and Markets Authority (CMA) has launched two investigations into the anticipated takeover of GCP Student Living.
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News
Aviva Investors fund £37.5m Liverpool Dalata hotel
Valorem Investment Partners has partnered with Aviva Investors to forward-fund the £37.5m development of a 260-bed Dalata Maldron hotel at One Park Lane, Liverpool.
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News
Biffa sublets 208,000 ft at Fraser Place
Kammac has taken 208,000 sq ft at Biffa’s Fraser Place in Electric Park at Manchester’s Trafford Park industrial estate.
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Healthcare group on Target with annual figures
Target Healthcare REIT has posted annual rises in net asset value (NAV), earnings and portfolio value in its annual figures.
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SEGRO provides positive update
Industrial property giant SEGRO has reported strong rent roll growth since the beginning of July, following what it called “a busy period of lettings and the continued capture of reversionary potential”.
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Supermarket Income REIT raises £200m as it doubles size of share issue
Supermarket Income REIT has raised £200m in an oversubscribed share issue.
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Hammerson reports improving rent collection
Hammerson has reported a “significant” improvement in rent collection for the fourth quarter of the financial year.
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News
Global Holdings lets Soho office to Copper.co
Global Holdings Management Group (UK) has let the 30,000 sq ft office element of the refurbished Broadwick House in London’s Soho to Copper.co, a provider of digital asset custody and trading services.
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Edmond De Rothschild appoints head of UK commercial fund management
Edmond De Rothschild has appointed Derek Williams as its head of UK commercial fund management.