All Property Week articles in 19 May 2017 – Page 6
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Online
Land Secs acquires £332.5m outlet centres
Land Securities has acquired a portfolio of three outlet centres from Hermes Investment Management for £332.5m.
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News
Wirefox nearing £57m deal for Ocean Terminal in Edinburgh
Wirefox, a Northern Irish investment company acting on behalf of Hong Kong equity, is under offer to buy Ocean Terminal shopping centre in Edinburgh for around £57m, Property Week understands.
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Online
London office completions hit 13-year high
Central London office developments totalling 3.9m sq ft completed in the six months to the end of March - the highest half-yearly total to be delivered for 13 years, according to Deloitte Real Estate’s London Office Crane Survey.
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Online
Cheyne and Crosstree provide £120m loan for Cavendish Square scheme
Harcourt Investments has secured £120m of financing from Cheyne Capital and Crosstree Real Estate Partners for the development of Harcourt House, an Edwardian mansion block located on London’s Cavendish Square, Property Week can reveal.
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Insight
Tenants penalised over rent deposits
Landlords of commercial properties are still wielding a heavy stick over tenants in the form of rent deposits. All too often we see tenants, lacking in negotiating power or strength of covenant to dictate their own terms, being required to provide their landlord with a large rent deposit at lease ...
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Insight
PDR has been a success but more red tape needs to be cut
I read Simon Creasey’s article ‘Back Door Plan’ with interest - my understanding of the PDR policy is that it was intended to cut red tape and bring forward an increased supply of homes while regenerating outdated and often vacant office buildings.
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Insight
Pressure on Airbnb will only increase this year
As the growth and popularity of Airbnb continues to accelerate at a significant pace, so too does the interest of government and regulators.
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Online
Distrelec consolidates European jobs in 2 St Peter's Square, Manchester
Swiss distribution company Distrelec have signed a ten-year lease at 2 St Peter’s Square in Manchester, consolidating jobs from around Europe into the city.
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Online
Derwent posts solid letting figures
Derwent London has posted solid letting figures for the year to date – achieving rents ahead of estimated rental values (ERV).
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Online
AEW UK plots £150m long lease IPO
AEW UK is looking to raise up to £150m in the flotation of a new REIT focused on long let properties.
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Online
Tritax Big Box REIT raises £350m in oversubscribed placing
Tritax Big Box REIT has raised £350m in a share placing – easily beating its target to raise £200m.
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Online
The Economist and Financier: CBRE gives its May market update
In this month’s edition of CBRE’s Economist and Financier, shared exclusively with Property Week , global head of forecasting and analytics Neil Blake and capital advisors executive director Graham Barnes discuss the UK’s upbeat economy, the recovery in Europe, and the changing retail and logistics markets.