All Property Week articles in 16 April 1999 – Page 3
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News
St Enoch beats Buchanan blues
While Slough Estates boasted of record crowds during the first week of its Buchanan Galleries trade, the senior business manager of St Enoch at the other end of Glasgow s prime retail pitch said footfall at his centre had decreased by only 1%. John ...
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News
Arlington embarks on workspace joint venture
Arlington Securities Business Services Division has formed a joint venture with Workspace specialist Morgan Lovell to provide workspace-related services for eight of its centres. The agreement will apply to parks in Bracknell, Birmingham, Coventry, Farnborough, Hatfield, Newbury, Oxford and Reading. Initially the agreement will run for two ...
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Professional
Perceiving the appeal of a green portfolio
Investing in farmland Long-term investment in agricultural land pays off. Since the 1970s, farmland has performed well against both house prices and the FT All-Share Index Many buyers are increasingly concerned about their local environment and will seek an active input into the management ...
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News
MFI seats in Aldershot
MFI is to open a new home delivery distribution centre in Aldershot as part of an ongoing overhaul of its property strategy. It is planning to create the 6,130 sq m (66,000 sq ft) centre at the Blackwater Valley Industrial Park, jointly owned by Wilky Property Holdings and Thames Water ...
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News
St Albans deal for Resolution
Resolution Property, headed by former Argent director Robert Laurence, has bought the Maltings shopping centre in St Albans from the Co-operative Insurance Society for £36m. The 21,368 sq m (230,000 sq ft) 1980s scheme is St Albans principal shopping centre. It is understood that the deal reflects a ...
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News
Money makes the property world go around again
So here it is; the 70 richest people actively working in the property industry, as revealed in the Sunday Times list of Britain s 1,000 richest people. Hats off to Mark Dixon , the highest climber, making an estimated £400m in the last year.
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News
Two in line for £60m Civil Service PFI plan
Two consortia, led by P&O and Rentokil Initial, will be told this week that they are within spitting distance of netting a major PFI project in Berkshire. The Cabinet Office has shortlisted the two groups to own and operate the Civil Service training college at Sunningdale. The scheme, which is ...
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News
Bilton disposal realises £45m
Slough Estates has agreed the sale of £45m of properties as part of the rationalisation of the former Bilton portfolio. The bulk of the £45m disposal comprises nine town-centre office buildings in the south-east of England, which have been bought by Malory Clifford s Blackfriars Investments. Clifford has been ...
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News
Honda claims pole position in race for M4 site
Honda is about to satisfy its 18-month office and industrial requirement by signing up for the joint MEPC , John Laing and Terrace Hill speculative development at junction 5 of the M4. The Japanese company has emerged as front-runner for the 7,510 sq m (80,800 sq ft) scheme, due ...
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News
Greycoat on market with £306m NAV tag
Greycoat formally put itself up for sale on Wednesday after announcing it had achieved a stunning 29% increase in net asset value to 283p a share in the year to 31 March. The NAV figure was way ahead of analysts expectations. It was driven by a 35p contribution ...
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Markets
Innovation Centre bought for £4.3m
The Canada Life Assurance Company of Great Britain has bought the freehold of the Innovation Centre, Manor Royal, Crawley, for £4.3m. The property, developed by Geoffrey Osborne, provides 3,070 sq m (33,000 sq ft) of industrial space with high office content on Manor Royal, Crawley s prime business space location. ...
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News
Land Sec deal brings science to WC2
Elsevier Science, a division of publishing house Reed, has signed a deal with Land Securities to consolidate its operations in London s Holborn. Elsevier has signed for 3,720 sq m (40,000 sq ft) at 2 Theobalds Court over two floors. It will pay £33.68/sq m (£31/sq ft) on ...
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News
1980s legacy sold for £18.5m
The Landsdowne Building in Croydon, one of the last buildings constructed in the late-1980s boom, has been bought for £18.5m by Midland Bank Pension Trust. Reflecting an initial yield of 7.5%, the vendors Midhurst Investment and BAA Lynton have offloaded the 9,820 sq m (105,710 sq ft) office as ...
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News
Schroders earmarks £100m for shop fund
Schroders Property Investment Management is planning to launch a £100m Property Unit Trust to invest in small high-street shop units. It is understood that Schroders is proposing to demerge SEPUT s small shops portfolio valued at £60m into a separate unit trust called SSSPUT. Schroders plans ...
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