All Property Week articles in 18 September 2015 – Page 2
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Stock market suffers sharp fall
The FTSE suffered a sharp contraction on Tuesday reacting to falling oil and commodity prices.
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Strange times in the residential land market
A strange dichotomy seems to be emerging in the residential land market. On one hand the national housebuilders are increasingly proclaiming that, from a buyers’ viewpoint, it has never been so benign; on the other new competitors are emerging (or re-emerging) and sound like they’d bite your hands off for ...
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Ken Bishop departs Cushman & Wakefield following DTZ merger
Ken Bishop, one of Manchester’s best known property consultants, is to join JLL’s North West team.
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British Land signs three retailers in Plymouth
British Land has signed three new retailers for space at Drake Circus Shopping Centre in Plymouth.
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New boutique hotel for Victoria
Nadler Hotels will open its third London location later this year as part of the redevelopment of the Girlguiding UK headquarters in Victoria.
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Rockspring secures fashion anchor at Friars Square
Rockspring Property Investment Managers has let a 21,600 sq ft anchor store at Friars Square town centre shopping centre in Aylesbury to fashion retailer Next.
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Workspace wins planning consent in Raynes Park
Shared office provider Workspace Group has been granted planning permission for the redevelopment of Rainbow Industrial Estate in Raynes Park.
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Tritax forward funds TK Maxx shed
Tritax Big Box REIT has completed the land purchase and provided forward funding for the development of a new regional distribution facility, pre-let in its entirety to discount fashion retailer TK Maxx.
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L&G signs deal with Rightacres for £400m Cardiff scheme
Legal General has entered into a joint venture partnership with Cardiff-based developer Rightacres to deliver a prime 12-acre mixed-use city centre regeneration scheme.
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Allsop appoints senior partner
Allsop has announced that Scott Tyler is to become senior partner of Allsop as Neil Mackilligin is set to stand down as a partner in March 2016.
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UKCPT nudges up after property swap
After agreeing a property swap with SEGRO, shares in the UK Commercial Property Trust (UKCPT) nudged up 0.59%, while SEGRO’s shares closed down 0.55%.
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Northwood submits Midtown redevelopment plans
Northwood Investors has lodged plans to redevelop Templar House in London’s Midtown into an office-led mixed used scheme.
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Canada Life expands property finance team
Canada Life Investments has expanded its London-based property finance team with three new appointments.
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L&G refinances leisure fund
Legal General Property has refinanced its leisure fund with RBS and its own lending arm in a deal that increases the fund’s firepower and reduces its cost of debt.
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LaSalle makes £80.6m West End buy
LaSalle Investment Management has acquired the long leasehold interest of 3-8 Whitehall Place in London’s West End from Aberdeen Property Trust, which is managed by Aberdeen Asset Management, in an off-market transaction for £80.6m.
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Colchester council selects development partner for new leisure scheme
Colchester Borough Council has selected Turnstone Colchester as its development partner to deliver a new £50m sports and leisure development at Colchester’s Northern Gateway site.
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Consortium Commercial Developments Limited v ABB Limited (30 July 2015)
This case concerns a claim for dilapidations in relation to premises known as Capella House, Snowdon Drive, Milton Keynes which was let for a term of 15 years expiring on 16 June 2011
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Urban Exposure ties up with US hedge fund
Urban Exposure has formed a joint venture with US hedge fund EJF Capital to help accelerate its lending against residential development projects.
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County councils under a duty to make clear if land could be part of public highway
A purchaser of development land successfully sued the county council for substantial damages due to its failure as the highway authority to accurately record that certain land it intended to sell for car parking could be part of the public highway (Chesterton Commercial (Oxon) Limited-v- Oxfordshire County Council (22 July ...
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Quantitative easing – lower for longer also holds for European prime property yields
More than six years after the global financial crisis we are continuing in the unchartered territory of unconventional monetary policies. What will the effects of the actions of the ECB on the European property markets be?