All Property Week articles in 18 December 2015 – Page 3
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Warrington warehouse sold by DTZ Investors
DTZ Investors has sold a 376,228 sq ft distribution warehouse in Warrington to Griffin Logistics for £21.4m in a deal reflecting a net initial yield of 8.24%.
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Workspace buys Surrey Quays office
Workspace Group has bought a 33,635 sq ft office building in London’s Surrey Quays for £10.525m.
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Cairn Homes buys waterside Dublin resi site
Irish housebuilder Cairn Homes has paid €18m (£13.2m) for a residential site in Dublin’s Hanover Quay.
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Custodian snaps up £55m portfolio
Property investment group Custodian REIT has acquired a portfolio of properties across England, Scotland and Wales for £55.1m.
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GPE sells 60 Great Portland Street for £102m
Great Portland Estates (GPE) has sold 60 Great Portland Street to Cityhold Office Partnership for £102.15m.
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Grainger shines as FTSE slumps
Grainger shares jumped on Monday after it announced the sale of its equity release division for £325m – even as UK shares fell sharply on the first day of trading in 2016.
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Geco Properties sells Rotherwick House
Geco Properties UK has sold the freehold of Rotherwick House in east London to Esca Estates for £13.5m.
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Mayfair emerges as international art hub
Mayfair is the top destination for international art galleries seeking space in London, according to research by Savills.
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Good news: Insolvency is on the up!
On the face of it, figures showing the number of property investment companies becoming insolvent during 2014 (latest figure available) appears to be bad news.
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Shopping centre investment set for bumper first quarter
Investment in UK shopping centres is likely to be strong in the first quarter of this year after 2015 values exceeded £4bn, according to research from Cushman Wakefield.
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Brookfield buys Potsdamer Platz
Brookfield Property Partners has bought Potsdamer Platz in Berlin in a joint venture with an Asian sovereign wealth fund.
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Prologis secures extension deal with BMW
BMW Group has signed a lease on a 150,000 sq ft extension to its regional parts distribution centre at Prologis Park Pineham in Northampton.
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UKCPT kicks off 2016 with two acquisitions
UK Commercial Property Trust Limited (UKCPT), the Guernsey based investment company, has made two acquisitions for £50.8m.
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Patron and Electra snap up Grainger Retirement Solutions for £325m
Patron Capital, the pan-European institutional investor, and Electra Partners have paid £325m for Grainger Retirement Solutions, the home reversion equity release business of Grainger.
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Real estate shares beat FTSE 100 in 2015
Real estate shares outshone the FTSE 100 in 2015, which ended the year 4.9% down.
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Magdalen College acquires 100% of Oxford Science Park
Magdalen College has paid M G Real Estate £18.1m to gain complete control of The Oxford Science Park.
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Government to directly build affordable homes
The Prime Minister will today announce that the government will directly commission thousands of affordable homes on publicly owned land.
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Property names feted in honours list
Several senior figures from the world of property, including entrepreneur Jack Petchey and Frogmore chief executive Paul White, have been recognised in the New Year’s Honours list.
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Regional REIT snaps up LaSalle commerical portfolio for £37.5m
Regional REIT has acquired a portfolio of commercial properties from a client of LaSalle Investment Management for £37.5m.