All Property Week articles in 2 June 2017 – Page 2
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Beni Stabili to buy €118m core banking portfolio
Beni Stabili has signed a preliminary agreement to acquire a portfolio of core banking offices from the Credito Valtellinese Group through a sale and leaseback transaction worth €117.7m (£102.3m).
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M&G buys Cardiff hotel
M G Real Estate has agreed the sale and leaseback of Dalata Hotel Group’s Clayton Hotel in Cardiff, Wales for £22.1m.
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Workspace to deliver 1m sq ft of offices by 2020
Workspace is set to open more than 1m sq ft of new office space in the next three years.
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Stenprop enter logistics sector with acquisition of industrials.co.uk
South African firm Stenprop has acquired UK logistics platform industrials.co.uk for £127m.
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PGIM provides £21.1m to Fizzy Living for PRS portfolio
PGIM Real Estate Finance has provided £21.1m to Fizzy Living to refinance its existing investor-provided senior debt at two new sites in Lewisham, south-east London.
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Metro Bank pre-lets unit at The Parade
UK Commercial Property Trust (UKCPT) has agreed a 25-year pre-let to Metro Bank at The Parade shopping centre in Swindon.
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WeWork pre-lets 280,000 sq ft at Southbank Place
Almacantar has pre-let over 280,000 sq ft to WeWork, the co-working operator, at Two Southbank Place, joining Shell, which had already committed to 250,000 sq ft at One Southbank Place.
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Irish PRS portfolio hits the market at €425m
The largest ever portfolio of private rented sector (PRS) properties in Ireland has hit the market with a of €425m (£370.9m) price tag.
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NAV and income up at Picton
Picton Property has revealed a 6% rise in net asset value (NAV) per share in its annual results for the year to 31 March.
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St Modwen reveals strategy shift
St Modwen Properties has revealed the result of a six-month strategic review in its latest trading update to the stock market.
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Let's focus on business and housing rather than personalities
Despite the brevity of this General Election campaign, neither of the major parties’ respective campaigns have managed to keep voters focussed on their preferred policy issues. Instead, we have seen a bitter presidential-like campaign pitting leader against leader. Whatever your allegiance, it’s hard to think of a more divisive and ...
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Palace Capital’s share rise
Shares in Palace Capital rose 1.96% on Tuesday following its annual results.
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Himanshu Raja announced as new Countrywide CFO
Countrywide has announced that chief financial officer, Jim Clarke, will step down from the board on 31 July and retire from the group on 31 December.
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Lloyds provides HB Reavis £47m for Cooper & Southwark refurb
Lloyds Bank Commercial Real Estate has provided a £47m development financing loan to HB Reavis for the full refurbishment and modernisation of 61 Southwark Street.
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INTERNOS’s Hotel Real Estate Fund II completes first close at €133m
INTERNOS Global Investors has completed the first close of its Hotel Real Estate Fund II at €133m.
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Octane Capital completes £1m loan
Octane Capital has financed a £1m bridging loan for the acquisition of two neighbouring Hertfordshire-based properties, which will be converted into flats.
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LendInvest launches three-year bridge product at 110% ICR
LendInvest has launched a three-year bridge product as a funding alternative to a conventional buy-to-let loans.
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Two new hires for retail investment team follow 102 promotions at Knight Frank
Knight Frank has poached Sam Waterworth and Will Lund from Cushman Wakefield to join its expanding retail investment team.
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Ivy grows with Scottish debut restaurant
The Ivy Collection has announced it is opening its first restaurant in Scotland at St Andrew Square in Edinburgh.
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French handbag retailer makes UK debut
French luxury leather retailer Maison Moreau has leased a unit at 21 Bruton Street in Mayfair from Miller Harris, for its first UK store.