All Property Week articles in 18 June 2021
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Online
Report highlights slow pace of change on sustainability
Over 87% of international firms said that less than half of their current corporate real estate portfolio would qualify as ‘green’ or ‘sustainable’, according to a new report from Knight Frank.
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Prologis acquires £70m industrial unit in Park Royal
Prologis has acquired a 150,000 sq ft unit in Park Royal, London, in an off-market purchase and leaseback for approximately £70m.
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The cities that may migrate faster to hybrid working
New York, Paris, London, Berlin and Frankfurt are expected to be among the fastest-transitioning cities to hybrid working.
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Palm Capital signs two tenants at Edinburgh’s Orchard Brae House
Pan-European private equity specialist Palm Capital has signed two new tenants at its Grade A office building in Edinburgh following extensive refurbishment, Property Week can reveal.
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Guild Living wins appeal for Walton-on-Thames scheme
Later living operator Guild Living has won its appeal from the planning inspectorate to deliver a 222-unit scheme in Walton-on-Thames in Elmbridge, Surrey.
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Second phase of Stoke-on-Trent shed scheme gets green light
Network Space has been given the nod to develop the second phase of its Tunstall Arrow site in Stoke-on-Trent.
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Panattoni reveals plans for 715,000 sq ft of Yorkshire shed space
Panattoni has revealed plans to speculatively develop 715,000 sq ft of warehouse space at Rotherham in Yorkshire.
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ITV to move to BBC Broadcast Centre in White City
Broadcaster ITV is moving to the BBC’s Broadcast Centre in White City, west London, bringing its 2,000-strong London staff together for the first time.
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Jenrick throws out U+I’s 8 Albert Embankment scheme
The secretary of state for housing has refused planning permission for U+I and the London Fire Brigade’s £500m mixed-use scheme at 8 Albert Embankment in Lambeth.
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Developer and pension fund secure planning for Southampton sheds
Salmon Property and The Royal London Pension Property Fund have been granted planning for their 150,000 sq ft industrial and logistics scheme in Southampton, Property Week can reveal.
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Dutch fashion brand signs up for London flagship store
Dutch fashion brand Daily Paper has opened a flagship store in central London.
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Take the Q2 Property Week Covid-19 sentiment survey
More than a year on from the UK being placed into its first Covid-19 lockdown, Property Week has launched its latest quarterly survey to gauge how the sector is feeling amid the vaccination rollout and the easing of stay-at-home rules.
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Audley bolsters growth strategy with senior hires
Later-living business Audley Group has made three hires to its senior leadership team.
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LXi REIT plans £75m placing to fund investment opportunities
LXi REIT said it plans to raise £75m through the placing of 56.4 million shares at 133 pence each.
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St Modwen Properties accepts Blackstone’s £1.27bn takeover offer
St Modwen and Blackstone have reached a final agreement for the investor’s acquisition of thedeveloper, which includes an increased cash offer of 560 pence per share.
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Venture capital trio invests £5m into digital construction firm Modulous
Blackhorn Ventures, CEMEX Ventures and GroundBreak Ventures have invested a total of £5m into digital construction firm Modulous.
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SEGRO signs agreement to develop 401,000 sq ft data centre
SEGRO has signed an agreement to develop a 401,000 sq ft data centre in Slough.
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General Projects makes three hires amid expansion drive
General Projects has made three hires as it ramps up its expansion plans.
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Aegon Asset Management to close funds
Aegon Asset Management is set to wind down its property income fund and property income feeder funds following a flood of redemption requests and a struggle to raise liquidity.
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GLP closes pre-let of Stoke shed to door manufacturer
GLP has closed a deal to pre-let a manufacturing and distribution centre in Stoke-on-Trent to a composite door manufacturer.