All Property Week articles in 19 May 2017 – Page 3
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Online
Nine Group makes Best Western buy in Reading
Nine Group of Hotels has added a 16 th hotel to its portfolio after buying the Best Western Plus Reading Moat House from MCAP Global Finance for a sum in excess of £12.5m.
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Online
AmicusHorizon and Viridian launch merged housing association
Housing associations AmicusHorizon and Viridian have have amalgamated to form a new organisation called Optivo, which aims to build 1,500 homes per year from 2021.
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Online
Average house prices in South East hit £418k high
The average asking price for homes in the South East has hit a record high of £418,489 according to the latest Rightmove house price index, which also shows that stock levels of homes for sale are on the rise.
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Online
Gatehouse Bank appoints Haresnape as chief executive
Gatehouse Bank has announced the appointment of Charles Haresnape as chief executive officer.
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Online
NAV up at McKay but pre-tax profit plummets
McKay Securities has reported a small rise in net asset value (NAV) per share in its full year results for the year ended 31 March 2017.
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Online
Who really owns property?
Property Week’s report on Who Owns Lond o n revealed some interesting insights earlier this year and now the Department for Business, Energy Industrial Strategy has launched a consultation on a Beneficial Ownership Register to increase the transparency of overseas investment in property.
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Online
JP Morgan downgrades Land Securities, British Land
JP Morgan lowered its ratings on Land Securities and British Land on Friday following their results this week amid concerns about London’s office sector.
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Online
Dalata agrees £60m triple hotel deals
Hotels group Dalata has agreed separate deals worth €62.5m (£53.6m) and €6.8m (£5.8m) to acquire freehold interests in the Clayton Hotel on Cardiff Lane in Dublin, the Clarion Hotel in Liffey Valley and the Maldron Hotel in Portlaoise.
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Online
CBRE GI makes final investment for European Value Add fund
CBRE Global Investors has acquired a 70% interest in H2O Rivas Shopping Centre in Madrid, Spain for an undisclosed amount in the final investment for its European Co-Investment Fund (ECF).
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Online
Chancerygate poaches asset manager from M7
Developer Chancerygate has appointed Victoria Mann to the role of asset manager.
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Markets
Will Mayfield’s street-food offer go down well in Manchester?
When Manchester City Council, London Continental Railways and Transport for Greater Manchester announced that they were seeking a development partner for the 30-acre Mayfield site in 2016, many outside the property industry were unaware that this sprawling former railway depot site next to Piccadilly station even existed.
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Online
St James's Market two-thirds let after securing two office occupiers
The Crown Estate and Oxford Properties’ £400m landmark scheme, St James’s Market, is now two-thirds (68%) let, following agreements with two new office occupiers.
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Online
Brent Cross £1.4bn extension plans submitted
Hammerson and Standard Life Investments have submitted a detailed planning application for the £1.4bn redevelopment of Brent Cross Shopping Centre in London.
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Online
Ebbsfleet garden city commercial scheme granted planning
Ebbsfleet Development Corporation has received planning permission for a 231,000 sq ft commercial scheme to support the new garden city.
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Online
Aberdeen buys Bath site for £100m resi scheme
Aberdeen Asset Management has completed the purchase of the five acre site in Bath which will pave the way for a £100m residential-led scheme.
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Online
Waitrose property director steps down
Waitrose property director Nigel Keen will leave the John Lewis Partnership at the end of January 2018.
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Online
Grainger reports 39% earnings growth
Grainger has reported a 39% jump in adjusted earnings in its half-year, boosted by its continued focus on the private rented sector (PRS).
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Insight
Collaboration is key in a people-focused industry
One of the major trends to emerge in the commercial property industry in recent years has been the rapid growth in the popularity of co-working.
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Insight
Industry is still too resistant to innovation
In recent years, the term proptech has been a buzzword symbolising the potential for significant innovation within the real estate industry.
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Markets
Shed occupiers forced to settle for space outside Greater Manchester
Land is available for industrial development in the North West, unlike in many other areas of the UK. But space in Greater Manchester is scarce, and prime sites are even harder to come by.