All Property Week articles in 17 June 2011 – Page 6
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Graham Wylie appointed to Newcastle development company board
1NG, the Newcastle Gateshead city development company, has appointed a prominent Scottish businessman and the leader of Newcastle City Council to its board of directors.
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Budget hotel chain plans Liverpool debut
Budget hotel chain Tune Hotels is planning to open in central Liverpool, TheBusinessDesk.com reported today.
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Qatari Diar offers Westminster £78m to cut Chelsea Barracks social housing
Westminster Council will decide next week whether it will let Qatari Diar pay £78m in order to lower the amount of affordable housing it needs to provide on the Chelsea Barracks site in west London.
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Harry Hill launches AIM business
The Yorkshire founder of property website Rightmove has launched a new venture on the Alternative Investment Market (AIM), TheBusinessDesk.com reported today.
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Neil Varnham appointed chairman of Brazilian property company
British Council of Shopping Centres former president Neil Varnham has been appointed chairman of Brazilian property company Squarestone Brasil.
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Brockton Capital and Development Securities agree £47.5m Notting Hill buy
A joint venture between UK property fund Brockton Capital and Development Securities has agreed to buy a Notting Hill office and retail block for £47.5m.
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City of London steps up battle against planning changes
The chief planning officer for the City of London will today meet with Eric Pickles to lobby against the government’s proposals to relax planning laws regulating to office to residential conversions.
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West Midlands town award business improvement funds
A North Staffordshire town is set to benefit from a £2.9m injection to improve business premises which is aimed at attracting new creative companies, TheBusinessDesk.com reported today.
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DTZ buys £28m 4x4 portfolio
DTZ Investment Management has acquired the 4x4 Portfolio from Liverpool Victoria Asset Management for £28.55m.
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CMS Cameron McKenna to prelet Hammerson City scheme
Law firm CMS Cameron McKenna has signed heads of terms to take a prelet at Hammerson’s Principal Place scheme in the City.
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Midweek Bulletin: A sigh of relief from British Land as Broadgate remains unlisted
The news today that the Broadgate estate in the City of London will not be listed will come with a sigh of relief from its owners British Land and Blackstone, as well as those concerned the impact about its impact on the ecnomic growth of the City.
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Law firm Linder Myers buys Manchester HQ
Linder Myers, a Manchester-based firm of solicitors, has bought 55 Spring Gardens in Manchester city centre from the British Telecom Pension Scheme for its own occupation, in a deal reflecting a yield of 9%.
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Frank Lowy in hospital
Westfield Group founder Frank Lowy is in hospital receiving treatment for a bile duct problem, but is expected to make a full recovery.
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New sustainable development powers will help developers, says government
The government has published planning policy today which it says will pave the way to help developers across the UK.
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John Lewis plans to open At Home store in Ashford
John Lewis today announced plans to open a John Lewis At Home store in Ashford in autumn 2012.
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Architect of £1.3bn care home deal closes business
Paul Taylor, the man who put together a highly leveraged £1.3bn care home property deal at the height of the market, has closed his fund management business, Three Delta.
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Broadgate will not be listed
Culture secretary Jeremy Hunt today announced that Broadgate in the City of London would not be listed, paving the way for a new 700,000 sq ft headquarters for UBS.
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Vacancy drops at out-of-town retail
Trevor Wood Associates, the property research group, says vacancy rates at retail parks fell to 9.2% at the end of 2010, compared to 11.6% a year previously and 11.3% in 2008, the Daily Telegraph reported today . The rate was 8.3% in 2007.
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St Modwen to develop £20m Siemens facility in Lincoln
Listed developer St Modwen has agreed a £20m pre-let with technology giant Siemens for a 135,000 sq ft gas turbine service facility at Teal Park in Lincoln.
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Royal Bank of Scotland takes control of Marriott hotels portfolio
Royal Bank of Scotland has taken control of a £1bn property portfolio of Marriott hotels after failing to secure a debt-for-equity restructuring of one of its largest individual real estate loans made during the property boom, the Financial Times reported today.