All Property Week articles in 17 December 2021 – Page 4
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The Fragrance Shop takes space at Metro 190 Trafford Park
Legal & General’s Industrial Property Investment Fund (IPIF) and PLP have leased Metro 190, a 190,660 sq ft speculative logistics unit in Trafford Park, Manchester, to The Fragrance Shop
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LondonMetric snaps up Savills IM’s urban industrial assets for £122m
LondonMetric has acquired Savills IM UK Income and Growth Fund in a corporate transaction valued at £122.2m.
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Kennedy Wilson generates $1.2bn in assets
Kennedy Wilson and its partners have reached $1.2bn (£901m) in assets under management within their European industrial portfolios, following the acquisition of three industrial properties this week.
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Redevco snaps up Templars Square in Oxford
Real estate investment manager Redevco has acquired Templars Square in Oxford for £38.8m (€42.5m) from NewRiver.
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Start date revealed for Gary Neville's Manchester development
Construction will start on Gary Neville’s St Michael’s development in Manchester in early January 2022, with the build expected to be completed in 2024.
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Impact Healthcare REIT agrees £75m of new long-term debt
Impact Healthcare REIT has agreed £75m of new long-term debt provided by two large UK insurance companies.
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Landsec completes £172m deal for Lendlease’s Bluewater stake
Landsec has confirmed the purchase of Lendlease’s 25% share in Bluewater Shopping Centre in Kent for a knockdown price £172m.
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UKCM acquires industrial and office asset Precision Park for £94m
UK Commercial Property REIT (UKCM) has acquired industrial and business site Precision Park in Leamington Spa, Warwick, for £94m.
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Blackstone snaps up €520m pan-European logistics portfolio
Macquarie Capital Principal Finance and Singaporean real estate fund Elite Partners Capital have sold their pan-European logistics portfolio Elite Logistics Fund I to Blackstone European Property Income Fund for €520m (£443m).
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Ediston Property Investment Company posts strong annual return
London-listed REIT Ediston Property Investment Company has delivered a 9.6% NAV total return for the full year to 30 September 2021. The return was driven by the company’s high weighting to retail warehouses, with NAV per share increasing by 4.2% over the period.
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New investment vehicle acquires 6,300ha for peatland restoration scheme
Aviva Investors and Scottish-based forestry investment fund manager Par Equity have established an investment vehicle to deliver a woodland creation and peatland restoration scheme in the north-east of Scotland that aims to capture more than 1.4m tonnes of carbon.
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Decision on future of Grenfell Tower delayed
The government has announced it is delaying a decision on the future of Grenfell Tower, which was destroyed by a fire that killed 72 people in June 2017.
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Mixed reactions to Sunak’s £1bn hospitality bailout
The £1bn bailout package for businesses losing trade because of the surge in the Omicron variant has been met with mixed reactions by those in the UK’s hospitality and retail sectors.
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Harworth sells 24-acre logistics site to Firethorn Trust for £11.6m
Harworth has completed the sale of a 24-acre plot of land in Barnsley to Firethorn Trust for £11.6m.
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Healthy 2022 predicted for PBSA, despite low comparative returns
The PBSA sector has reported annual total returns of 7.7% and has been outperformed by the all-property average for the first time since 2017, according to CBRE’S latest PBSA Index.
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Helios unveils €130m Vienna logistics development
Helios Logistics has unveiled plans for a €130m (£111m) speculative warehouse development after exchanging contracts with Vienna Airport Company to acquire a 22ha site adjacent to the internationa airport.
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CallisonRTKL names new principal
CallisonRTKL (CRTKL) has appointed Stuart Oldridge as principal and revealed plans to turn its own London office into a ‘Living Lab’.
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Pocket Living submits plans for London BTR scheme
The site is at Atlas Wharf, on Atlas Road, NW10, adjacent to the Grand Union Canal, and while within the London Borough of Ealing, the site falls under the jurisdiction of the OPDC and is identified in the emerging plan as part of a new town centre.
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Lendlease and CPP Investments agree £215m JV office development at IQL
Lendlease and CPP Investments have agreed a new joint venture dedicated to developing a new office neighbourhood at International Quarter London (IQL).
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M7 Regional E-Warehouse REIT begins trading on IPSX
M7 Regional E-Warehouse REIT has begun trading on the real estate stock exchange the International Property Securities Exchange (IPSX). The REIT announced its intention to offer 38,161,963 ordinary shares at £1.00 per share last night and commenced trading at 9am today.