All Property Week articles in 2 March 2018
View all stories from this issue.
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Grosvenor teams up with Central Working for co-working debut
Grosvenor Britain Ireland has partnered with Central Working to enter the shared workspace sector with a debut site in Belgravia.
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Aviva Investors forward funds £34m Cardiff hotel
Welsh developer Barola has agreed a £34m forward funding deal with Aviva Investors’ Lime Property Fund for its redevelopment of the former Custom House building in Cardiff into a new hotel.
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PW Perspectives: Mark Pearson (EZ3)
After a successful year for the Enterprise M3 Local Enterprise Partnership highlighted by the launch of EZ3, The London South Innovation Valley enterprise zone, its programme director Mark Pearson talks exclusively to Property Week about plans for this year.
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Happy Bird takes flight to Bristol for debut ethical fried chicken restaurant
Ethical fried chicken restaurant Happy Bird has signed for its first restaurant at Clifton Down shopping centre in Bristol.
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D&D’s Toby Harris joins Social Entertainment Ventures as chief executive
Toby Harris, the former chief operating officer of premium restaurant group D D London, has joined ‘competitive socialising’ specialist Social Entertainment Ventures (SEV) as chief executive to spearhead its expansion across the UK and US.
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JLL want it that way with Nick Carter hire
JLL has appointed Nick Carter as a new national director in its valuation advisory team based in London.
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North Somerset Council buys retail park for £38m
North Somerset Council has become the latest local authority to invest in property with the £38m acquisition of the North Worle District Centre in Weston-super-Mare.
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Bellway buys former London hospital site for £40m
NHS Property Services has achieved its single transaction record after selling a vacant and surplus hospital site in London for more than £40m to housebuilder Bellway.
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Commercial property makes small capital value gain in February
UK commercial property continued to make steady gains in February with capital values increasing 0.2% on average over the month, according to the latest CBRE Monthly Index.
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Old Chang Kee signs for European debut in Covent Garden
Singaporean food and beverage chain Old Chang Kee has signed for its European debut site at 15A New Row in Covent Garden, London.
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Urban & Civic acquires 785 acre Claydon Estate site for resi development
Developer Urban Civic has exchanged contracts with Claydon Estate for the acquisition of 785 acres of greenfield land near Aylesbury, where it plans to prepare the land for a significant residential development.
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Countrywide posts huge loss after 'disappointing' 2017
Countrywide, the UK’s largest estate agency group, has posted a £208.1m loss for 2017, axed its dividend and warned of more pain to come in 2018.
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FTSE nudges up, but trade war casts shadow over markets
The FTSE 100 ended up 0.16% at 7,157.84 on Wednesday despite the resignation of President’s Trump chief economic adviser Gary Cohn and the continuing threat of a trade war.
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Office take-up to remain buoyant in 2018
Take-up in UK regional offices reached 10m sq ft last year and is expected to maintain a similar level in 2018, according to the latest Savills’ market watch.
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Popcorn chain Popppy looking for UK landlords
German popcorn vending machine chain Popppy has appointed agents to seek partnerships with landlords on 150 sites in the UK.
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New Look could close 60 stores in CVA deal
Fashion retailer New Look has proposed a Company Voluntary Arrangement under which it would close 60 of its 593 stores.
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McCarthy & Stone sees profits slip after 'cautious' H1
Leading retirement housebuilder McCarthy Stone has announced it expects its half-year margins and operating profit to fall year-on-year in a trading update where it also raised fears of the ‘leasehold ban’ impact.
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Major expansion plans unveiled by Travelodge
Budget hotel chain Travelodge has announced that it will be opening a further 20 hotels in 2018, including a flagship London hotel.
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LMEY and Thomas Cook launch £150m hotel fund
Travel company Thomas Cook Group has announced the creation of £150m hotel fund joint venture alongside Swiss hotel developer LMEY Investments.
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HMRC figures show income returns from residential property hit £16.2bn
More than 1.9m people received an income from property last year with the number of new landlords increasing on average by over 100,000 every year since 2011-12 according to new HMRC data.