All Property Week articles in 2 October 2015 – Page 2
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David Cameron tears up affordable housing rules
David Cameron is to announce plans to rip up the rules around affordable housing provision in order to provide 200,000 new low cost homes to buy in his closing speech to the Conservative Party conference today.
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S&P increases Grainger’s rating
Grainger, the UK’s largest listed residential property owner and manager, has had its issue rating raised on the company’s existing £275m senior secured notes, due 2020, to investment grade BBB-’ from ‘BB+’ by rating agency Standard Poors (S P).
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easyHotel on track to increase earnings
Budget hotel group easyHotel has issued a trading update stating trading for the year to 30 September 2015 was in line with the board’s expectations.
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European banks and AMAs have €531bn of non-core real estate exposure
European banks and asset management agencies (AMA) have a gross exposure of €531bn (£390bn) to non-core real estate which is subject to disposal strategies in the upcoming years, according to research out today from Cushman Wakefield.
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Redevco and Hermes form €250m European retail JV
Redevco and Hermes have teamed up to launch a joint venture that will acquire €250m (£184m) of retail properties on the continent.
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Capital & Regional opens for trade on JSE
Capital Regional, a UK REIT with a £1bn portfolio of community shopping centres, today started trading on the Johannesburg Stock Exchange.
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FSTE100 extend gains
Britain’s top shares continued gains on Tuesday after a sharp rally in the previous session, with energy and mining stocks advancing on the back of stronger commodity prices.
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Grosvenor to sell £120m long leasehold for Mayfair flats
Grosvenor has put the long leasehold interests in two luxury Mayfair residential developments up for sale for around £120m.
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Pricoa backs student housing REIT with £130m loan
Pricoa Mortgage Capital has provided a £130m loan to GCP Student Living to finance a five property, student accommodation portfolio.
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National Grid pension fund backs £19.7m Bath casino development
A prime casino-led leisure development in central Bath has secured £19.7m funding from DTZ Investors, acting on behalf of the National Grid UK Pension Scheme.
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Pocket purchases largest land deal yet
Affordable housing developer Pocket has secured its largest land deal yet, in Chiswick, west London.
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Praxis buys trio of Newcastle offices
Praxis has completed the acquisition of three office buildings at Cobalt Business Park in Newcastle-upon-Tyne, adding to its £500m UK portfolio.
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Hedge fund boss takes floor at 8 St James’s Square
Green Property has leased the first floor of its 8 St James’s Square development to Point 72, the family office of American hedge fund manager Steven A Cohen
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AEW Europe acquires German retail portfolio
AEW Europe has completed the acquisition of an eight asset German retail portfolio.
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Epic UK buys Birmingham office for £11.6m
EPIC UK has acquired a prime multi-let office in Birmingham from clients of Aberdeen Asset Management for £11.6m.
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LondonMetric secures 100,000 sq ft retail lettings
LondonMetric Property has signed a total of 100,000 sq ft of new lettings across its retail portfolio.
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Benson Elliot drives off with £132m Bentley
Benson Elliot has exchanged contracts to buy Legal General’s Bentley portfolio for £132m.
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Group Geraud buys Merseyside’s Prescot centre
Market operator Group Geraud has acquired the 90,000 sq ft Prescot Shopping Centre in Merseyside.
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Knight Frank partners share in £80m bonus bonanza
Knight Frank’s 65 equity partners will share a bonus pool of around £80m this year after the agents notched up a record set of results yesterday.