All Property Week articles in 17 February 2023
View all stories from this issue.
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NewsGovernment plan to speed up infrastructure projects ‘welcome’ but concerns remain
The government’s plan to accelerate major infrastructure projects has been greeted positively by planning experts, but concerns remain over the challenges relating to its implementation, particularly the investment required.
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NewsCandour buys 200,000 sq ft Manchester tower development
Property developer and asset manager Candour has acquired a Manchester City centre mixed-use tower development from Aegon Property Income Fund for an undisclosed amount.
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OnlineValesco hires Stephen Cahoon as MD to head asset management
Real estate investment and asset manager Valesco Group has appointed Stephen Cahoon as managing director, head of asset management, at the firm’s head office in London.
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NewsRevenue rises 12% at Morgan Sindall Group
Construction and regeneration group Morgan Sindall has reported a revenue increase of 12% to £3.6bn, marking a strong year of operational and strategic progress despite market headwinds, according to its results for the full year ended 31 December 2022.
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OnlineMontagu Evans hires resi land specialist Thomas as partner
Planning and development consultancy Montagu Evans has recruited Richard Thomas as a partner to lead its land team, as the firm develops its offer in the housing arena.
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NewsVirgin Media O2 sets up HQ at British Land’s Paddington Central
British Land has signed an agreement with Virgin Media O2 to lease 83,000 sq ft of space for the telecom giant’s new headquarters at its Paddington Central campus, next to Paddington Station in central London.
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OnlinePortfolio value slumps 13.3% at Supermarket Income REIT
The value of Supermarket Income REIT’s portfolio slumped 13.3% in the second half of 2022 as the group suffered from industry-wide outward yield movements.
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OnlineNAV and property values fall at abrdn’s European logistics fund
The value of abrdn European Logistics Income REIT’s portfolio fell 6% in the three months to the end of December as a result of outward yield movements.
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OnlineProperty sector’s net zero 2050 target ‘will be missed’
Nine in 10 senior property industry leaders think current government policy will fail to deliver a net zero property sector by 2050, with key figures warning that the industry will “continue to fall short of targets” unless pledges are turned into action.
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NewsCroydon Council calls on government for £500m bailout
Croydon Council has called on the government for a £500m bailout, after declaring bankruptcy for the third time in two years.
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NewsM&G’s European Living Property Fund acquires €99.5m Dublin PRS scheme
M&G’s newly launched European Living Property Fund has made its second acquisition with the purchase of an asset in Eglinton Place, Dublin, for €99.5m (£87.6m).
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NewsFMX Urban Property Advisers launches after retail and leisure specialists merger
FMX Urban Property Advisers (FMX) has officially launched following completion of the merger between retail and leisure specialists MMX Retail and Fawcett Mead.
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NewsHyde Group gets approval for 254-home Brookhill regeneration
Affordable homes provider Hyde Group’s proposed regeneration of the Brookhill Estate in Woolwich, south-east London, can go ahead after the Royal Borough of Greenwich planning committee approved the 254-home scheme.
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OnlineCanvas to convert Oxford Street retail unit into five-storey flexible workspace
Canvas Offices has unveiled plans to create a five-storey flexible office space on Oxford Street after signing a 25-year lease for a building currently used for retail and storage, Property Week can reveal.
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OnlineFora to launch flexible workspace at London’s Bankside
Flexible office provider Fora is to launch a 43,300 sq ft workspace at London’s Bankside after entering into a management agreement with Oxford Properties.
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NewsLondon Sport and Art-Invest announce partnership for Canada Water Dockside
Art-Invest Real Estate and London Sport have announced a partnership that will see the sports charity deliver a sports provision at Canada Water Dockside, Art-Invest’s 4.5-acre office-led scheme.
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NewsBritish Army partners with Taylor Wimpey to deliver 170 homes for service families
Soldiers and their families at the Imjin Barracks in Gloucestershire are set to receive a total of 176 modern and sustainable houses following a landmark purchase agreement.
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NewsAdministrators put £100m Brentford resi block up for sale
Administrators have put the £100m Parkview residential building in Brentford, West London, up for sale.
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NewsBP charges ahead with £1bn expansion of EV network
Energy giant BP has appointed property agency James Andrew International to secure sites for a planned £1bn expansion of its electric vehicle (EV) charging network, bp pulse, Property Week can reveal.
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NewsCapco and Shaftesbury merger cleared by CMA
The Competition and Markets Authority (CMA) has “unconditionally cleared” the all-share merger between Capital & Counties (Capco) and Shaftesbury following the phase one review of the proposed deal.
