All Property Week articles in 18 December 2020 – Page 5
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Ann Summers CVA approved
Ann Summers’ CVA has been approved by 90% of creditors, which will see 25 of its UK stores switch to a turnover-based rents model.
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K&K Property Holdings acquires former Burton West End HQ
Hong Kong investor K K Property Holdings has bought Sir Phillip Green’s Burton’s former HQ - Corinthian House for £65m, well below the £80m asking price.
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Marston’s to take over 156 Brains pubs
Pub operator Marston’s has take over SA Brains pubs in Wales, which will save around 1,300 jobs.
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Planning approval granted for Godwin Development’s roadside retail units
Rutland County Council has greenlit Godwin Development’s revised plans to build four new retail units on the former Ram Jam Inn site in Greeham, Rutland.
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The Arts Alliance snaps up urban logistics facility in Park Royal
The Art’s Alliance has completed the acquisition of an urban logistics facility in Park Royal, north west London.
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Green light for Gleeson’s Bircotes resi scheme
Gleeson has been granted planning permission to build 120 affordable new homes in Bircotes in Bassetlaw.
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Hong Kong investor builds 4.2% stake in Cap & Regional
A Hong Kong-based activist investor has built up a 4.2% stake in Capital Regional.
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Surge in prime resi market while smaller flats and homes slide
The UK’s prime residential market has witnessed a surge in activity during 2020, according to the latest data from Savills.
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Impact Capital Group appoint chief exec to new co-working business unit
Impact Capital Group is set to launch Impact Working, a new co-working subsidiary company that will offer modern serviced offices to SMEs in the new year.
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Grosvenor’s West End scheme granted planning consent
Grosvenor Britain Ireland has secured planning permission for the South Molton Triangle, a £500m mixed-use scheme connecting Mayfair to Oxford Street.
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British Land exchanges on £401m West End office portfolio
British Land has exchanged contracts to sell a 75% interest in a portfolio of three buildings in the West End to Allianz Real Estate for £401m.
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K&K Property Holdings acquires Endeavour House for £115m
Hong Kong investment firm K K Property Holdings has purchased Endeavour House on 189 Shaftesbury Avenue, from Aberdeen Standard Investment for £115m.
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High street footfall hits highest level since pre-lockdown February
Footfall in non-food stores across the UK in the final full week of trading before Christmas fell well short of the usual last-minute rush, despite shopper numbers reaching their highest levels since the week commencing 16 February, according to Ipsos Retail Performance’s latest Retail Traffic Index (RTI) tracking data.
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Legal & General modular scheme gets green light
Planning consent has been granted for Legal General Modular Homes to deliver 185 homes in Lockleaze, Bristol.
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Pontegadea purchases 21 St James’s Square
Zara founder Amancio Ortega’s investment firm Pontegadea has bought a Westminster office block in St James’s Square for above £185m.
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Capital & Centric launches consultation on Swan Street scheme
Developer Capital Centric and Kamani Property Group have launched a consultation on its £37m scheme to create a new community in Manchester’s New Cross district.
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Warehouse REIT snaps up £18.6m portfolio
Warehouse REIT, the Aim-listed company that invests in e-commerce urban and last-mile industrial warehouse assets in the UK, has snapped up a portfolio comprising four single and multi-let distribution warehouse assets for £18.6m.
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Strenprop snaps up trio of multi-let estates
Strenprop has acquired three multi-let estates in Edinburgh, Cardiff and Wigan for a combined total of £11.8m.
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UKCM acquires Devon ASDA for £16.6m
UK Commercial Property REIT has acquired an ASDA supermarket in Devon for £16.6m.
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Whitbread to pay half of December quarter rent
Premier Inn owner Whitbread has written to its landlords to say it will pay half of its December quarter rent.