All Property Week articles in 16 September 2022
View all stories from this issue.
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News
Colliers signs lease to occupy Birmingham’s tallest office building
Canadian commercial real estate firm Colliers has signed a 10-year lease to occupy 103 Colmore Row – Birmingham’s tallest office building at 26 storeys – with owners joint venture partners Sterling Property Ventures and EPISO 4, a fund managed by Tristan Capital Partners.
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Over half of homeowners are ‘put off’ moving due to rising mortgage rates
In a survey conducted by self-storage provider Ready Steady Store, more than half of homeowners claim they are ‘put off’ moving house as mortgage rates continue to increase.
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Barwood gets green light for Richmond office scheme
Barwood Capital has gained planning permission to develop a 45,000 sq ft, grade-A office building in Richmond, south-west London.
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Tristan Capital and Bricks Group spend £110m on Liverpool PBSA site
A joint venture between real estate investor Tristan Capital Partners and developer Bricks Group has acquired a 999-bed student accommodation building in Liverpool from consortium Aura Investors.
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Broadlands Properties buys trio of central Edinburgh properties
Private property group Broadlands Properties has acquired three retail and office buildings on Edinburgh’s George Street from an unnamed client of CBRE Investment Management.
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Clearbell acquires six Aberdeen student accommodation assets
Clearbell Property Partners, in partnership with Iceni Property Asset Management, has acquired six purpose-built student accommodation residences in Aberdeen.
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Pitalia RE adds Cheshire warehouse to portfolio
Pitalia Real Estate has acquired the freehold of a 71,225 sq ft warehouse on Cheshire’s Winsford Industrial Estate for £3.58m in a sale and leaseback deal.
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Knight Frank IM makes three senior appointments
Knight Frank Investment Management (KFIM), which manages around £4bn of assets, has hired three partners to beef up its residential, research, and environmental, social and governance (ESG) teams.
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Online
LXi exchanges on £500m Sainsbury portfolio deal
LXi REIT has exchanged contracts on its sale-and-leaseback deal to acquire a £500m portfolio from supermarket giant Sainsbury’s.
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Online
Life Sciences REIT posts maiden interim figures
Life Sciences REIT has posted a rise in net asset value (NAV) for the six months to the end of June.
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Landsec and Lendlease exchange on £809m City office
Landsec has exchanged contract for the landmark sale of Deutsche Bank’s London HQ 21 Moorfields to an investment vehicle managed by Lendlease for £809m.
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‘Net zero-ready’ Edinburgh development site put on the market
Finance House, a residential site in the west end of Edinburgh, has been brought to market by Lismore Real Estate and Scarlett Land and Development.
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Socius appoints Mike Dodd as new project director
Developer Socius has appointed Mike Dodd as the new project director for its development team.
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Evelyn Partners takes space at Glasgow’s 177 Bothwell Street
Wealth management and professional services group Evelyn Partners has moved its Glasgow teams to 177 Bothwell Street, a flagship office development owned by HFD Group.
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Landsec announces Victoria hospitality leasing deals
Landsec has announced that it has agreed more than 25,000 sq ft of leasing deals in Victoria, London, for prime retail and hospitality space.
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Sixpenny Group sells Gemstone Building in Crawley for £47.7m
Property investment firm Sixpenny Group has sold the Gemstone Building, at Manor Royal in Crawley, for £47.7m to CBRE Global Investors.
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Puma Property Finance provides £33m for Basingstoke office redevelopment
Puma Property Finance has provided £33m to redevelop grade II-listed Mountbatten House in Basingstoke.
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Pembroke agrees office pre-let deal with law firm for 41 Lothbury
International real estate company Pembroke has struck a pre-let deal with law firm Addleshaw Goddard (AG) for 114,000 sq ft of office space at 41 Lothbury in the City of London.
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M7 Capital provides £16.3m loan for three retail asset purchases
Real estate funder M7 Capital (M7C) has agreed to provide a £16.3m loan to Willow Nominees to support the purchase of three retail assets.
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Lee Rowley named as new housing minister
Lee Rowley has been named as the junior minister for housing and planning, the 13th Conservative to take on the role since 2010.