All Property Week articles in 18 October 2019
View all stories from this issue.
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Online
Blackstone ups real estate AUM by 31% in a year to $157bn
Blackstone has seen assets under management in its real estate arm jump 31% over the past year to $157bn.
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Regeneration of former Fife paper mill into mixed-use scheme gets green light
A £250m regeneration of a former Tullis Russell paper factory in Fife has been given the green light by Fife Council.
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McVey brands north of England as the new ‘Silicon Valley’
Housing minister, Esther McVey has launched her new ‘centre of excellence’ for modular housing across the north of England.
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Homes England funds £38m to develop more than 2,000 homes
Homes England has agreed to fund £38.2m into the development of more than 2,000 homes with six local authorities.
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Colliers International head of UK valuation and advisory services retires
Colliers International has announced its leadership succession plan for its UK valuation and advisory services department following Russell Frances’s decision to retire after 25 years in the role.
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St Francis Group announces development of five new warehouses
St Francis Group and iSec’s plans to build 824,000 sq ft of warehouse space near Markham Vale have been approved.
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Beaumont Bailey hires new equity partner
Property recruitment company, Beaumont Bailey, backed by Spire Ventures and James Caan, has hired an equity partner to lead its investment division.
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RDI NAV hit by shopping centre woes
RDI REIT has reported a 13% drop in net asset value in full-year results after writing off a portfolio of four shopping centres.
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Old school Ritblat set to gain favour over nouveau Candy in Capco battle
There was a time when the Ritblat name meant a lot more than the name Candy in the property world. Clearly no longer.
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St. Modwen plans four-storey speculative office building in Longbridge
Plans have been submitted for a 48,000 sq ft Grade-A office development in Longbridge, Birmingham.
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Short-stay proptech firm Blueground to launch in London
Short stay apartment proptech firm Blueground has announced it is launching in the UK after closing a round of Series B funding that raised $50m (£40m).
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Investcorp closes industrial fund with £16m Leeds deal
Investcorp has completed its third UK Industrial and Logistics Programme (UKILP) with its acquisition of a £16m fulfilment centre in Leeds.
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Central Working collapses into administration
London-based flexible office space Central Working has gone into administration.
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Finance secured for Dublin mixed-use development
Meyer Bergman and BCP Asset Management have obtained a loan worth over €100m to finance a speculative development site in Dublin’s city centre.
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Mayfair Capital acquires 3 Capital Quarter
Mayfair Capital’s Property Income Trust for Charities (PITCH) has acquired office space at 3 Capital Quarter in Cardiff city centre.
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WeWork accepts SoftBank rescue deal
WeWork’s board has approved investor SoftBank’s multi-billion dollar rescue deal, which will see the telecoms giant assume control of around 80% of the struggling business.
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Investors led by Mactaggart & Mickel make £10m Edinburgh office purchase
Investors led by family firm Mactaggart Mickel have purchased two adjacent office buildings in Edinburgh’s New Town for a combined total of £10m.
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Global real estate investment at record high, but institutions remain under exposed
Despite concerns about asset valuations and weakening economic growth, the appetite for investment in commercial real estate among global institutions has reached its highest point in seven years, according to new research.
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Minster Building bags three new tenants
Ivanhoé Cambridge has signed a trio of lettings totalling 58,000 sq ft at the Minster Building in London.
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Apple signs for 22 Bishopsgate office
Apple has agreed to lease around 100,000 sq ft of City of London skyscraper 22 Bishopsgate as it waits for its new UK headquarters at Battersea Power Station to be completed.