All Property Week articles in 17 July 2015 – Page 3
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OnlineCriterion seals £1bn refinancing with Aviva
Criterion Capital has completed a refinancing of nearly £1bn with Aviva in what is believed to be the largest real estate loan of the year by a single lender.
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OnlineTH Real Estate appoints new chief executive
James Darkins, chief executive of TH Real Estate, has today announced his retirement from the business.
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OnlineBotched RIFW sales may have cost Welsh taxpayer £15m
The Welsh government did not achieve value for money through a series of land sales undertaken by in 2012 and 2013, which may have cost Welsh taxpayers almost £15m, a report has found.
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OnlineIslington council considers crackdown on viability assessments
Islington council is consulting on new rules to make it harder for developers to avoid building affordable homes.
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OnlineFormer Crown Estate chief exec to chair £3.5bn PRS scheme
Venn Partners has appointed Roger Bright, the former chief executive of the Crown Estate, as chair of its £3.5bn private rented sector (PRS) lending scheme.
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OnlineDamac and Versace confirm Nine Elms residential tower launch
Dubai-based developer Damac Properties and Versace Home have confirmed they will join forces to develop and brand the luxury residential ‘Jenga’ tower in Vauxhall, as tipped by Property Week.
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OnlineUnlisted real estate funds see pick up in returns
The returns achieved by unlisted real estate funds picked up in the second quarter, climbing to 3.3%, according to the AREF/ IPD UK Quarterly Property Fund Index.
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OnlineResolution confirms £280m Alphabeta sale
Resolution Property has confirmed the sale of its 240,000 sq ft Alphabeta office development in London’s Shoreditch to Sinarmas Land Limited for £280m, a yield of 4%.
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OnlineSchroder REIT doubles profit and focuses on income growth
Schroder Real Estate Investment Trust (REIT) has reported a doubling of full-year profits and set out plans to focus on growing income and dividends.
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OnlineDragonfly hits £1.5bn lending mark
Dragonfly Property Finance has reported its biggest first-half to date, with total loan completions since launch in 2009 breaking through the £1.5bn mark.
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OnlineBritish Land reports strong retail letting figures
British Land has reported a strong letting performance for the first quarter, particularly in retail.
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OnlineRate rise prospect hits housebuilders
Housebuilder shares took a knock on Friday after the Governor of the Bank of England signalled that an interest rate rise was likely “at the turn of the year.”
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OnlineColliers poaches JLL's PRS man
Colliers International has hired JLL’s Toby Nicholson for its dedicated PRS investment platform.
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Roubaix acquires Fareham Shopping Centre in £54.5m deal
Roubaix Group has acquired its second major UK retail asset with the purchase of Fareham Shopping Centre in Hampshire for £54.5m.
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Cheesegrater 90% let after DRW letting
British Land and Oxford Properties have announced the latest letting at the Cheesegrater to DRW Trading Group, taking the building to 90% let or under offer.
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M&G confirms Ashurst Fruit & Wool letting
M G Real Estate has confirmed the pre-let of the entire office element of the London Fruit Wool Exchange to global law firm Ashurst.
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OnlineKennedy Wilson appoints Kennedy as head of finance
Kennedy Wilson Europe has appointed Fraser Kennedy as head of finance, to lead the company’s 19-strong finance team.
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OnlineValad Europe appoints finance chief
Valad Europe has appointment Claire Treacy as chief financial officer.
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AXA buys in Milan
AXA Real Estate Investment Managers has completed the acquisition of Torre Beta, a core office building in Milan, from a fund managed by UBS Real Estate GmbH, for around €30m (£20.85m).
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OnlineShed development hits 16m sq ft this year
Chronic undersupply in the logistics market sparked a 16m sq ft big box development boom in the first half of 2015, according to BNP Paribas Real Estate research.
