All Property Week articles in 19 March 2021 – Page 3
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LABS redevelops Victoria House into flexible workspace
LABS has completed its redevelopment of Victoria House in London into a workplace “fit for the future”.
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Scottish medical union takes new space in Glasgow
The Medical and Dental Defence Union of Scotland (MDDUS) has leased new office space at 206 St Vincent Street in Glasgow, across the ground and first floors.
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U+I and Really Local Group receive consent for Hayes cultural hub
Regeneration firm U+I and community developer Really Local Group have been given consent to redevelop a former pressing plant at The Old Vinyl Factory into a multi-screen cinema and mixed-use community venue.
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Gerald Eve appointed to sell £37.4m Ealing social housing portfolio
Gerald Eve has been appointed by a private charity to sell a west London social housing portfolio at a guide price of £37.4m, at a net initial yield of 4.25%.
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AllianceBernstein takes first letting at 60 London Wall
LaSalle Investment Management has signed the first letting at 60 London Wall, a 10-storey office-led development in the City of London, to AllianceBernstein.
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Glenbrook acquires Rochdale and Preston retail parks
Glenbrook Investments has purchased St Mary’s Gate Retail Park in Rochdale and Units 1 and 2 at Mariner’s Way in Preston from Threadneedle’s UK Property Authorised Investment Fund for £4.9m.
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Fizzy Living achieves silver and gold Wiredscore ratings
BTR operator Fizzy Living has achieved Wiredscore silver and gold ratings across most of its London portfolio, Property Week can reveal.
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John Lewis announces eight store closures
John Lewis has confirmed which of its stores it will permanently close, leaving 1,465 jobs at risk.
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Leumi UK and NatWest finance Galliard Tottenham Court Road scheme
Galliard Homes has signed a £76m deal with banks Leumi UK and NatWest to help deliver its Tottenham Court Road West residential development.
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Lennar invests in proptech firm SmartRent
US housebuilder Lennar Corporation has invested an undisclosed sum in SmartRent, a provider of smart-home automation for property owners, managers, developers and residents.
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Shepherd Chartered Surveyors expands into England
Scottish property agent Shepherd Chartered Surveyors is expanding into England with the launch of Shepherd Property Consultants.
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Kennedy Wilson acquires £220m worth of urban sheds
Real estate investor Kennedy Wilson has acquired four fully occupied urban logistics assets across the UK, a mix of core-plus and value-add properties with development potential.
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Curlew Capital lands £44m funding from Lloyds
Curlew Capital has secured a £44m, three-year senior loan from Lloyds Bank Commercial Banking.
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Housing association boss joins PRS REIT board
PRS REIT has appointed housing association chief Geeta Nanda as a non-executive director.
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Bellway’s interim profit dips, but revenue rises as a result of record sales
Housebuilding giant Bellway was hit by a 4% fall in pre-tax profit during the first half of its financial year, despite an 11.6% bump in revenue and the completion of a record number of sales during the Covid-19 lockdowns.
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Knight Frank expands resi development team with new hire
Knight Frank has hired Daniel Harris to bolster its existing residential development and consultancy offering in Bristol and the wider region.
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Big chain retail shrinking faster than independent sector
The independent retail and leisure market shrunk by just 0.4%, or 1,442 units, in 2020, compared to a 4.5% decline in the retail chain market, which lost 9,877 units, according to a report by the Local Data Company.
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SHW promotes 11 staff
South East surveying firm SHW has promoted 11 staff to director, associate or senior surveyor.
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Centrepoint secures planning for 33 modular homes in Peckham
Centrepoint has secured planning permission from Southwark Council to build a development of 33 new single occupancy modular homes in Peckham.
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The Crown Estate hires intu’s former CFO
The Crown Estate has hired intu’s former chief financial officer Robert Allen.