All Property Week articles in 17 August 2012 – Page 3
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Persimmon reports profit growth but affordable housing lags
House builder Persimmon enjoyed a surge in its pre-tax profits during the first half of 2012, although its division Westbury Partnerships achieved 12% fewer affordable housing completions during the period.
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M&G bags latest TMT letting
M G has let the entirety of its 27,000 sq ft 1-5 Poland Street West End office as the technology, media and telecommunications sector continues to drive London occupier activity.
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DevSecs profits from secondary deals
Development Securities said today that it had sold at a profit three assets bought at the bottom of the market, including one bought from entrepreneur Paul Kemsley.
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UK Commercial sees 4% NAV drop
The UK Commercial Property Trust revealed a 4.5% drop in net asset value this morning, driven by a fall in the value of its portfolio.
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DevSecs profits from secondary deals
Development Securities said today that it had sold at a profit three assets bought at the bottom of the market, including one bought from entrepreneur Paul Kemsley.
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CBRE: German investment market report H1 2012
The investment market for commercial properties in Germany saw a total investment volume of €9.4bn in the first half of 2012, 15% less than in the same period of last year, a market report by CBRE shows.
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CSC secures consent for Eldon Square refurbishment
Capital Shopping Centres has secured planning consent for the first phase of its refurbishment of the Eldon Square shopping centre in Newcastle.
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BNP Paribas Real Estate: H1 M27 offices report
By the end of 2012, the total office take up in the M27 area is expected to fall short of last year’s figures, according to a report by BNP Paribas Real Estate.
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Gatehouse makes first foray into retail sector
Shariah compliant investment bank, Gatehouse Bank, has bought the Debenhams department store in Leeds city centre for £33.4m representing a net initial yield of 6.35%.
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Barratt's £250m Croydon play
Barratt Developments has completed the purchase of a 205 acre former hospital site in Croydon from the Greater London Authority in order to bring forward a large residential-led development.
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Deutsche Wohnen portfolio refinanced
Pbb Deutsche Pfandbriefbank has completed the €285m refinancing of Deutsche Wohnen AG’s purchase of 23,500 homes from BauBeCon Group.
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LaSalle and Wrenbridge complete industrial purchase
LaSalle Investment Management and Wrenbridge Land have completed the purchase of the London Works Estate in Barking.
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pbb Deutsche Pfandbriefbank completes €285m Deutsche Wohnen portfolio refinancing
Pbb Deutsche Pfandbriefbank has completed the €285m refinancing of Deutsche Wohnen AG’s purchase of 23,500 homes from BauBeCon Group.
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DevSecs submits plans for Edgware Road regeneration
Development Securities has submitted an application for a 398,000 sq ft retail and residential scheme on the Edgware Road in Brent, north-west London.
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Profits rise at Bovis
Bovis Homes has doubled its profits in the first half of this year through a rise in its sales outlets.
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Government agency shake-up delayed until February
A planned major shake-up of government property advisers has been delayed until at least February, casting further doubt over the future of the £120m Estates Professional Services framework, PropertyWeek.com can reveal.
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British Land and Blackstone in Broadgate boom
British Land and Blackstone have secured 400,000 sq ft of lease extensions and new lease deals at Broadgate, in the City of London.
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Praxis completes £30m Crossgates mall purchase
Praxis has bought the Crossgates Shopping Centre in Leeds for around £30m.
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Debt sale sees agent facing new lender
The sale of a portfolio of corporate loans by Lloyds Banking Group means the debt of one of the UK’s best known agency firms is now owned by a US private equity firm.
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LinkedIn’s new 50,000 sq ft West End HQ
Online networking company LinkedIn is close to securing a new headquarters building around the eastern end of London’s Oxford Street.