All Property Week articles in 19 December 2003 – Page 4
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News
£190m ProLogis park sale finished
ProLogis has completed the sale of 15 UK distribution parks from its European Properties Fund to Standard Life for £190m. The deal reflects a net initial yield of just under 7%. Macquarie Capital Partners advised ProLogis; Burbage Realty and Strutt & Parker acted for Standard Life. ...
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News
£17.5m Panton House sale
Derwent Valley has sold Panton House, 25/27 Haymarket, SW1, to Canada Life for £17.5m. The 28,626sq ft (2,659 sq m) refurbished office and retail building is let to Woolwich, Pizza Express, Xstrata Services and Fortum Energy. The deal reflects an initial yield of 4.54%. The company also this week ...
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News
Advertising firm bags W1 deal
Stevens Properties has let 16,450 sq ft (1,528 sq m) of offices at 7 Rathbone Street, W1, to advertising agency Clemmow Hornby Inge. The tenant is paying £32.50/sq ft (£349.83/sq m) on a 15-year lease. CB Richard Ellis advised the landlord, Ashwell Rogers acted for the tenant. ...
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News
Opposition mounts to £1.1bn sales
While shareholders are teaming up to stop the Morgan Stanley consortium's takeover bid, opposition is growing to the sale of £1.1bn of property on the estate. Brascan Corporation, which owns 9% of Canary Wharf Group's shares, and Franklin Mutual, which has a 6.8% stake, both said this week that ...
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Online
British Land buys out ProLogis in Solihull
British Land has bought out almost all of ProLogis’ stake in their joint development at Blythe Valley Park, Solihull.
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Online
Hammerson and Hermes submit Leicester application
Hammerson and Hermes Property Asset Management this morning delivered a planning application for Shires West, the pair’s £200m retail-led mixed-use scheme for the centre of Leicester.
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