All Property Week articles in 2 November 2018 – Page 2
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OnlineFinance Bill introduces 'special rules' for overseas investors
Special rules for overseas fund investors into UK property have been introduced by the government in the Finance Bill 2018-19.
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OnlineGramercy Europe adds first asset since MBO
Logistics specialist fund manager Gramercy Europe has made its first acquisition since completing a management buyout from US private equity giant Blackstone, purchasing a €16m (£14m) warehouse in the Amsterdam Port.
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Online
Corum touches down at Rugby office
Corum Asset Management has acquired a 40,000 sq ft office in Rugby from clients of TH Real Estate for £11.2m.
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OnlineAEW Ciloger acquires Prisma Tower in Paris
AEW Ciloger has acquired the Prisma Tower office building in Paris from Invesco on behalf of its private French retail clients.
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OnlineTarget continues on acquisition trail with £37m double buy
Specialist care home investor Target Healthcare REIT has acquired two near complete developments in Oxfordshire and Kent for a combined £37m to fully deploy all its uncommitted capital.
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OnlineLogicor to issue €1.8bn bonds
Logicor has drawn down €1.8bn (£1.6bn) worth of bonds across three tranches under its €10bn medium term note programme.
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NewsLCL plans major resi scheme in Leicester city centre
Developer LCL has revealed plans for a major 437-unit residential-led scheme in Leicester city centre.
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OnlineLotus secures £60m Scottish portfolio
Northern Irish investor Lotus Property has acquired a 1.3m sq ft portfolio of assets spanning industrial, retail and residential across Scotland for a total of £60m.
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OnlineSeaton Place secures record Jersey buy
Investor Seaton Place has completed the largest ever single property transaction in the history of Channel Islands having acquired Gaspe House in Jersey’s capital St Helier from developer Dandara.
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OnlineQIA to buy Grosvenor House Hotel
The Qatar Investment Authority has acquired Grosvenor House Hotel in London’s Mayfair from private US investor Ashkenazy Acquisition Corp.
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OnlineM7 agrees green partnership with EV charging firm
M7 Real Estate has agreed a “forward thinking” partnership with Engenie to install electric vehicle (EV) rapid chargers across its out of town retail portfolio.
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OnlineAXA IM expands global debt platform with Quadrant acquisition
AXA IM-Real Assets has significantly grown its debt platform with the acquisition of the real estate debt team of US-based Quadrant Real Estate Advisors in a move which will see it assume the management of $9.4bn in commercial mortgage loans.
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OnlineMorgan steps down from Redrow as London market drags on sales
Redrow founder Steve Morgan has announced his retirement from the housebuilder for a second time with chief executive John Tutte set to take over the role of executive chairman from March.
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OnlineIWG shares rise on global revenue increase
Shares in IWG rose 7.56% on Tuesday to 254.8p after the Regus owner reported a 10.2% rise in global revenue to £637.9m compared with £585.7m in the same period last year.
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OnlinePersimmon chief executive steps down amid ongoing pay scandal
Persimmon chief executive Jeff Fairburn has stepped down at the request of the company in the wake of continuing controversy surrounding his pay.
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OnlineCo-op comes to Symmetry Park Biggleswade for new regional distribution centre
The Co-op has let space at db symmetry’s Symmetry Park Biggleswade to house a new 661,000 sq ft regional distribution centre.
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OnlineNew Look to close up to 100 UK stores alongside China exit
Retailer New Look is set to close up to 100 stores in an effort to improve the business’s profitability.
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OnlineReturn to EMEA profit growth for JLL
JLL has reported a return to proft growth for its business in Europe, Middle East and Africa (EMEA) in the third quarter, with adjusted EBITDA rising to $22.8m for the three months to the end of September.
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OnlinePeabody and TCHG agree housing association team-up
Peabody and Town Country Housing Group have announced plans to merge and create a 65,000 home housing association spanning London and the South East.
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OnlineLondon Green and Orlandis cruise into Crossharbour for PDR purchase
Residential developer London Green has teamed up with Orlandis Capital to acquire Boatman’s House in London’s Docklands with plans to convert the 53,000 sq ft office building into a £50m GDV residential scheme.
