All Property Week articles in 19 March 2021 – Page 2
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News
Liverpool council probe reveals ‘implied threats’ during property deals
A government investigation into Liverpool City Council has revealed that “implied threats” were made when officers tried to resist property deals going through.
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Flex space requires new valuation model
With the 12-month anniversary of the UK’s first coronavirus lockdown this month, the pandemic has seeded a desire for more footloose ways of working among both businesses and their employees, accelerating a shift towards flexible workspace.
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IHG’s voco hotels concept grows to over 50 signings
IHG Hotels Resorts’ premium voco hotels brand has signed and opened 50 hotels across 20 countries as part of IHG’s expansion plan.
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PBSA market is resilient, says Cushman & Wakefield
Research from Cushman Wakefield has shown a resilient PBSA market over 2020/21, as the number of new beds increased.
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Former Birmingham lab receives £13.3m for luxury apartment redevelopment
Paragon Development Finance has provided a £13.3m loan to Elevate Property Group for the purchase and redevelopment of former laboratory Priory House in Birmingham.
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Grosvenor shakes up executive team
The Grosvenor Estate has shaken up its executive team and management structure with a raft of new senior appointments.
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Cineworld makes £2.2bn loss
Cineworld made a £2.2bn loss last year, revealing the damage done to the business by Covid restrictions.
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Regional REIT’s portfolio drops by £55.5m in value
The value of Regional REIT’s property investment portfolio has dropped £55m, a 7% slump.
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LondonMetric makes £380m debt placement
LondonMetric has made a £380m private debt placement with investors across North America and the UK.
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Mixed-use asset class to emerge post-Covid
A new mixed-use asset class is set to emerge post-pandemic due to changes in consumer behaviour, according to consumer and location intelligence specialist CACI.
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First phase of £500m Oxford life sciences scheme gets thumbs up
Oxford City Council has approved the first phase of the £500m Oxford North scheme, a giant life sciences district proposed by Thomas White Oxford, the development company of St John’s College at Oxford University.
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Logicor markets Rugby warehouse
Logicor has brought its 42,000 sq ft Rugby warehouse, Midland 42, to the market.
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LSH appoints head of south Wales agency
Lambert Smith Hampton (LSH) has appointed Jack Reynolds to lead the company’s agency team in south Wales.
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Simply UK buys Preston luxury care home development
Real estate developer and investment company Simply UK has acquired a luxury care home in Much Hoole, Preston, for an undisclosed sum.
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South Street revises 101 Whitechapel High Street plan
South Street Asset Management has submitted a revised planning application for its 101 Whitechapel High Street office building.
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Green light for TfL’s Southwark sustainable office scheme
Transport for London (TfL) has secured approval from Southwark Council to build a net zero-carbon office over Southwark tube station.
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ICG hires Baupost’s Golebiowski and Lelli as managing director and principal
Intermediate Capital Group has hired Adam Golebiowski as managing director and Luca Lelli as principal.
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Allsop raises more than £54m at March commercial auction
Allsop raised £54.6m at its commercial auction this week, selling 82 of its 106-lot catalogue, reflecting a 78% success rate.
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Plans for £1bn Kensington Forum hotel scheme scrapped
The developer behind the £1bn redevelopment of the 29-storey Kensington Forum Hotel has withdrawn its application.