All Property Week articles in 19 July 2019 – Page 3
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Sports Direct withdraws Debenhams CVA legal challenge
Sports Direct has dropped its lawsuit against Debenhams over its CVA but will continue to fund an on-going legal challenge from a property firm.
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Community engagement app maker Built-ID hires key staff
Community engagement app maker Built-ID has hired three new team members to grow its business and support its Give-My-View platform.
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Henderson Park completes Dublin acquisition
Henderson Park marked its entry into the Irish market by purchasing Heuston South Quarter (‘HSQ’), a mixed-use campus in central Dublin, from an affiliate of New York-based Marathon Asset Management.
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The Arc’s passage to economic prosperity
The government’s Industrial Strategy focuses on developing the UK’s knowledge-based economy – a vital part of future-proofing our country’s competitiveness.
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LGIM Real Assets reveals new property managment model
LGIM Real Assets (Legal General) will introduce a new operating model for managing its buildings in the hope of maximising the performance of investments and developing stronger occupier relationships.
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Unite posts half year profit fall but hikes dividend
Student accommodation giant Unite posted a 12% fall in first-half profit owing to lower property valuation gains, though its underlying earnings rose and it boosted its dividend.
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Secure Income sells eight private hospitals for £347m
Secure Income REIT has sold a portfolio of eight of its nineteen private hospitals to Medical Properties Trust for £347m.
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Israeli investor in Atrium takeover
Israeli property group Gazit Globe is set to take total control of the Atrium Real Estate in a deal that values Atrium at €1.4bn (£1.26bn).
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Travelodge reveals plans for 26 seaside hotels
Travelodge has announced 26 new hotels in UK seaside towns amid what it described as “rebirth of British seaside resorts and coastal towns”.
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Far East Consortium doubles headcount to aid delivery of Northern Gateway
Far East Consortium (FEC) has announced a key promotion and 10 new appointments to aid its delivery of 15,000 new homes across the north of Manchester after it bought 20 acres of land from Network Rail.
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Proptech platform VTS appoints chief financial officer
Leasing and asset management software platform VTS has hired a chief financial officer to help develop and grow the company.
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Vastint secures space for Courtyard by Marriott hotel
Vastint has exchanged contracts with Muse Developments to deliver a 168-bedroom Courtyard by Marriott hotel as part of the City Place development in Chester.
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Dates for Elephant & Castle shopping centre judicial review confirmed
The judicial review of the Elephant Castle shopping centre redevelopment plans initially due to start on 17 July has been postponed to 22 and 23 October.
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flatfair teams up with CBRE to offer no-deposit lettings
Payment technology firm flatfair has been selected by CBRE’s UK residential lettings business to bring deposit-free renting to their landlords and tenants.
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Moises Gertner loses High Court battle
Former property tycoon Moises Gertner has lost a High Court battle to avoid backruptcy.
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Hammerson appoints US retail veteran as non-executive director
Hammerson has appointed US retail REIT veteran Adam Metz as a non-executive director.
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Fusion Student plans overseas expansion ahead of Brexit
Student accommodation provider Fusion Students is preparing to expand overseas to combat a possible drop in student volume following Brexit.
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BT confirms new City of London headquarters
BT has confirmed its relocation to Aldgate Developments’ One Braham following the sale of its existing London headquarters to Orion Capital Managers.
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Blackstone raises $8.4bn in first close for European fund
Blackstone has held an $8.4bn first close for its latest European property fund – Blackstone Real Estate Partners Europe VI.
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Fire engulfs Walthamstow Mall
Twenty fire engines and around 125 firefighters are tackling a fire at The Mall shopping centre on Selborne Walk in Walthamstow.