All Property Week articles in 16 December 2011 – Page 8
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Turn NAMA into a REIT, says agency’s chief
Ireland’s National Asset Management Agency could become a real estate investment trust (REIT) if the government allows US-style mortgage REITs to be set up.
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Prupim to buy Brum Morrisons at sub 4.5% yield
Prupim has placed a Morrisons supermarket development in Birmingham under offer for around £50m, reflecting a yield of less than 4.5%.
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Atrium buys €55m Polish shopping centre
Atrium European Real Estate has bought a shopping centre in Szczecin, Poland, from a fund managed by CBRE Global Investors for €55m.
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CBRE to help let Waterhouse Square
Prupim has appointed CBRE as joint agent with DTZ to let 2 Waterhouse Square, the brick building that is currently the focus of speculation about whether ad giant Saatchi Saatchi will choose to relocate there.
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Acuitus auction raises £18m
Acuitus’ sixth and final auction of the year was dominated by receivership lots, and raised £18m with a 61% success rate.
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Record rent set on London's Piccadilly
A new record retail rent of £240 Zone A has been set on London’s Piccadilly.
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Muse picked for Stockport regeneration
Muse Developments, the Salford-based regeneration division of Morgan Sindall Group, has been selected as preferred development partner for the £145m regeneration of the Grand Central site next to Stockport station, TheBusinessDesk.com reported today.
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Castlevale Group gets green light for Yorkshire residential scheme
Castlevale Group has been granted planning permission to develop 900 homes in North Yorkshire, TheBusinessDesk.com reported today.
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Five arrested in £1m stamp duty fraud
Four people from Leicester and one from Harrow were arrested in dawn raids this morning on suspicion of stealing £1m through a Stamp Duty Land Tax fraud and associated money laundering offences.
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Black Country local authorities relax planning procedure
Black Country local authorities have revised their planning procedures in the hope of attracting new business investment to their four areas, TheBusinessDesk.com reported today.
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Biggest Sale and Altrincham letting of 2011 achieved by Commercial Estates Group
Smooth Financial Consultants has taken 14,242 sq ft of office space at Jackson House in Sale, making it 2011’s largest letting in the Sale and Altrincham area, TheBusinessDesk.com reported today.
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Squarestone Brasil to quit AIM
Squarestone Brasil is to cancel its listing on AIM because of “extremely bleak” fundraising opportunities.
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Irish minister confirms U-turn on upward-only rent reviews
Ireland’s government has abandoned plans to outlaw upward-only rent reviews for commercial property.
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Allsop auction raises £33.7m from 77 lots
Allsop sold 77 of 113 lots at its commercial property auction in London today, achieving a success rate of 68%.
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Athletes’ Village to become “East Village”
Delancey and Qatari Diar have today unveiled plans to rebrand the Athletes’ Village after the 2012 Olympics as the East Village.
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KPMG concludes Manchester HQ deal
Argent and Greater Manchester Property Venture Fund, the joint venture development partners for One St Peter’s Square, have closed a 62,500 sq ft deal with KPMG for the 280,000 sq ft building.
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Twenty-two Olympic runners
The Olympic Park Legacy Company has had 10 bids from prospective tenants of the Olympic media centre, and a further dozen from developers interested in bringing forward the park’s first phase of residential development.
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Aberdeen buys Gazeley Hemel shed
Aberdeen Asset Management has bought a 168,000 sq ft shed in Hemel Hempstead from Gazeley for £16.5m.
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Data centre proposed for Olympic media centre
London 2012’s Olympic media centre could be turned into a giant data centre to serve east London’s thriving technology sector, PropertyWeek.com has learned.
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Government to further speed up planning process
Chancellor George Osborne has announced a series of measures to help speed up the planning system in order to stimulate growth, in addition to the National Planning Policy Framework.