All Property Week articles in 19 October 2018 – Page 2
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Legal & General grows affordable housing division with double hire
Legal General has made a pair of appointments to further develop its new affordable housing division as part of plans to deliver 3,000 homes per annum within the next four years.
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Moorfield makes Crewe logistics buy for MREFIV
Moorfield Group has acquired a £16.25m distribution warehouse near Crewe from Lagan Developments for its Moorfield Real Estate Fund IV (MREFIV).
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Atrium completes on Wars Sawa Junior acquisition for €302m
Atrium has completed on its acquisition of the giant central Warsaw retail centre Wars Sawa Junior for €301.5m (£273m).
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Harworth heads North West for debut resi buy on Merseyside
Regeneration specialist Harworth Group has acquired 55.76 acres of land at Moss Nook in St Helens on Merseyside to develop its first residential scheme in the North West.
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BNP PRE backs portfolio valuation growth with double hire
BNP Paribas Real Estate has made a pair of hires from Glenny and EY to bolster its UK portfolio valuation business.
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UKCM sells Exeter retail asset
UK Commercial Property REIT Limited (UKCM) has sold a retail asset in Exeter high street to a UK pension fund for £23.5m.
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Impact Healthcare seeks £150m to expand care home portfolio
Impact Healthcare REIT is set to seek £150m from investors to fund a series of care home acquisitions.
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LXi REIT goes on £109m acquisition spree
LXi REIT has spent £109m on five individual deals across the length and breadth of the UK.
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Target seeks £40m to fund care home acquisitions
Target Healthcare is seeking to raise up to £40m to help fund £79m of care home acquisitions.
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Commercial Park Group unveils plans for 400,000 sq ft Haywards Park business hub
John Baker’s The Commercial Park Group has secured planning permission to redevelop 21-23 Perrymount Road in Haywards Heath as part of a new 400,000 sq ft business hub.
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City Hall to invest £1bn in London council homes
The Mayor of London, Sadiq Khan, has agreed deals worth £1bn with 26 London boroughs which will see them build 11,154 new council homes at social rent levels in the next four years.
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‘Netflix of fitness’ FiiT for expansion at Delancey's Here East
Delancey’s Here East has announced the successful scale-up of tech fitness company FiiT will see it move from innovation hub Plexal into 4,800sq ft state of the art studio on the east London campus.
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Rihanna-designed clothing store to make UK debut
The Mercers’ Company has signed Stance, the US apparel brand with designs from contributing creative director Rihanna, for its first store outside America at 3 Neal Street in Covent Garden.
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L&G and U+I back WiredScore fundraising
Legal General, U+I, Town Centre Securities and Savitt Partners are among the latest companies to give backing to proptech firm WiredScore as part of a $9m (£6.9m) Series A fundraising round.
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CBRE secures former RBS COO as new Irish MD
Former RBS Investment Bank chief operating officer Myles Clarke has announced he is moving to CBRE to become managing director of its Ireland business based in Dublin.
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Intu plots huge push into PRS market to increase land values
Intu, the shopping centre giant in the midst of its second takeover bid in less than a year, is set to enter the private rented sector (PRS) market in an attempt to create additional value from land around some of its malls.
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La Caixa backs Henderson Park's Gran Via buy
Investor Henderson Park has acquired a prime high street mixed-use building on Gran Via in Madrid backed by €39m (£34.5m) of senior acquisition financing from La Caixa.
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L&G buys £20m industrial estate in South East
LGIM Real Assets (Legal General) has acquired the freehold multi-let Lineside Industrial Estate in Sussex for £21m from Cording Real Estate.
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Chinese investment in UK real estate freezes for first time since Q2 2015
No deals were recorded in the UK real estate market by mainland Chinese investors in the third quarter – the first time since Q2 2015.
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Deutsche and Societe Generale issue logistics CMBS
Deutsche Bank and Société Générale have launched a securitisation of loans against a logistics portfolio of assets across France, Germany and the Netherlands valued at €442m (£390m).