All Property Week articles in 18 March 2011 – Page 8
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NewRiver sells £10m of assets
NewRiver Retail has exchanged contracts to sell Princess House in Shrewsbury to Rockspring, for £9.6m, reflecting a net initial yield of 7.2%.
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Southern Cross starts “radical” dialogue with landlords
Care home operator Southern Cross today announced the appointment of KPMG to advise on its negotiations with landlords and banks, as its share price tumbled by 8.17%.
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Aspers to operate Stratford casino
The London Borough of Newham has chosen Aspers to oprate a casino at Westfield’s Stratford City.
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Canary Wharf, Chelsfield and Carlyle on Shell shortlist
Canary Wharf Group, Chelsfield, and private equity company Carlyle are among the names understood to have been shortlisted to develop up to 2.5m sq ft of mixed-use space directly beneath the London Eye.
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Topland buys Brighton Hilton
Sol and Eddie Zakay’s Topland Group has bought the Hilton Brighton Metropole for £39.25m from the Royal Bank of Scotland.
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MIPIM BLOG: The general atmosphere is one of real enthusiasm
Another busy yesterday spent with a wide range of investors, old and new, looking to invest into the UK. The thread I’ve already mentioned of huge equity targeting London with little available stock is being re-inforced with each meeting.
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MIPIM BLOG: Thursday at MIPIM
Today the last full day of MIPIM was busy - the restaurants were full and tables difficult to find so tempers were already frayed at breakfast in the Carlton restaurant.
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Covent Garden Market Authority announces shortlisted developers
The Covent Garden Market Authority has shortlisted three developers for the £1bn redevelopment of its massive site in Nine Elms, Propertyweek.com can reveal.
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British Land appoints Lucinda Bell as new finance director
British Land has announced that Lucinda Bell will take over as finance director with effect from 24 May 2011.
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MIPIM 2011 TV: Dr Nouriel Roubini warns of double-dip threat from UK housing market weakness
Dr Nouriel Roubini, one of the world’s most renowned economists, today told Property Week that the UK needs to watch the growing weakness in the housing market amidst fears of a double dip recession.
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Helical puts retirement village business up for sale
Helical Bar is set to put its retirement village joint venture up for sale for around £70m, as it refocuses on its core investment and development business.
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Candys sell £900m of luxury apartments at One Hyde Park (video)
Christian Candy’s CPC Group has sold £900m of apartments at its luxury One Hyde Park scheme in London – a figure previously only linked to exchanged sales.
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MIPIM 2011: Outlet Mall Fund and McArthurGlen pair up to capitalise on affluent city’s shoppers
Henderson Global Investors has teamed up with McArthurGlen to develop a €120m (£103m) designer outlet centre in Neumunster, Hamburg.
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Miller and Cyril Sweett to develop £400m of community facilities in Scotland
Miller Group’s construction arm has entered in to a joint venture with Cyril Sweett Investments to develop £400m of community facilities in the north of Scotland.
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Derwent London buys two West End buildings for £76m
Derwent London has bought two London West End properties for £76m.
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Derwent London posts 27% NAV rise for 2010
Derwent London, the London office REIT, reported a strong set of annual results this morning, achieving a 27% increase in net asset value.
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Former Grainger man Pratt joins CBRE
Andrew Pratt is joining CB Richard Ellis to assist with the implementation of existing and new strategies relating to residential project finance, joint ventures and fund structures.
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MIPIM BLOG: MIPIM goes social!
MIPIMWorld: a virtual networking space that makes the shows last all year.
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British Land lands Merkal in Portugal
Spanish footwear retailer Merkal has taken five stores in Portugal in properties managed by British Land European fund management arm PREF.