All Property Week articles in 19 September 2014 – Page 3
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Online
Phones 4U sells more stores
Phones 4U, which entered administration last week, has managed to offload nearly 200 stores.
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Online
Burger & Lobster takes first restaurant in Wales
Trendy London burger chain Burger Lobster has taken its first restaurant in Wales.
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Online
Tesco suspends staff and launches inquiry into profit overstatement
Supermarket giant Tesco has issued a shock trading statement in which it admitted to identifying an estimated £250m overstatement of its expected interim profits - an inaccuracy it has attributed to the accelerated recognition of commercial income and delayed accrual of costs.
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Online
Old War Office hits market for £300m
The Old War Office is now being formally marketed by GVA with a price tag of £300m.
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Online
Lloyds restructures real estate teams
Lloyds Bank has restructured its corporate real estate teams, combining its corporate real estate global corporate and mid market teams.
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La Française Forum Real Estate Partners and Realm launch £500m shopping centre fund
La Française Forum Real Estate Partners and Realm have launched a new UK shopping centre fund to target £400m-£500m of core-plus assets over the next three years.
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Dakin to leave Lloyds
Lloyds Banking Group’s managing director and head of the corporate real estate business support unit Richard Dakin is to leave the bank in November.
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British Land sets Mayfair record with apartment sales
British Land has set new records for prices in Mayfair with the exchange on the sale of 18 apartment at its super-prime Clarges Mayfair residential-led development.
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Helical Bar makes £12.1m warehouse acquisition
Helical Bar has spent £12.1m buying 58,573 sq ft of modern leasehold retail warehouses in Yorkshire and Cheshire.
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Kier and Amber team up for student digs
Kier Property and Amber Infrastructure are to launch a new £250m student housing joint venture, which aims to deliver 3,500 beds over the next five years.
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Picturehouse plans cinema for Trocadero
Westminster City Council has granted Picturehouse Cinemas full planning permission to turn part of the Trocadero, in the West End of London, into a new modern leisure facility.
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Online
Evans Randall sells West End office at sub-4% yield
A Middle Eastern client of Goldenberg Real Estate and Noureen Investment has placed 15 Sackville Street, London, under offer for £80m, a sub-4% yield.
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Jewellery brands sign on Oxford Street
Jewellery brands Links of London and Folli Follie have signed for new space in Park House on London’s Oxford Street.
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Parkgate Shopping fully let after new deals
Wilko and Poundland have opened at Parkgate Shopping in Rotherham, south Yorkshire, meaning the scheme is now fully let.
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Scotland says no: industry reaction
Scotland’s property market has received a boost this morning as the uncertainty around independence evaporates, according to comments from the industry.
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News
Lost for words
After a long, hard day at Property Week’s RESI conference, Metropolis likes to relax with a glass of wine at dinner. But this year, two people ended up with more on their plates than expected.
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News
View looks rosy for Segro units
Segro has prelet eight units at its speculatively developed View 406 scheme in Enfield – its first speculative scheme in north London.
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News
‘National scandal’ of public land sell-off
The chief executive of developer Cathedral Group has warned that the sell-off of public land could be the next “national scandal” if assets are undersold.
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News
Kingfisher nets new tenants
American diner and milkshake bar Tinseltown will be taking space in Capital & Regional’s Kingfisher Shopping Centre in Redditch.
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Professional
Martin joins Westrock for new PRS opportunities
Westrock has appointed Dominic Martin, formerly of the government’s PRS Taskforce, to provide strategic oversight to its PRS pipeline and operational platform.