All Property Week articles in 2 October 2020 – Page 3
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PfP igloo brings 2020 release dates of over 200 homes forward and looks to expand
Developer PfP igloo has accelerated plans to release over 200 homes for sale across three UK cities over the next 12 months.
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Banks agree refinancing deal with London Kensington Hotel
Clydesdale Bank, owned by Virgin Money, and Leumi UK, the London-based subsidiary of Israel’s leading international bank, have completed a refinancing deal at 100 Queen’s Gate Hotel London, Curio Collection by Hilton in South Kensington.
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Savills director completes London Marathon in memory of Alex Dawson
Adam Bray, director in Savills’ property management team, completed the 2020 ‘virtual’ London Marathon on Sunday 4th October in memory of Savills colleague, Alex Dawson, who sadly passed away earlier this year.
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London housing scheme plans unveiled by developer Southern Grove
Plans for a £22m London housing scheme have been unveiled by developer Southern Grove.
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Cluttons adds fourth recent hire to valuation team
Property consultancy Cluttons has recruited Charlie Ardern as a partner in the valuation team to help build its Northern presence from a Manchester base.
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Flooring specialist lets Darlington industrial space
A 39,847 sq ft industrial building in Darlington has been let to a Shildon-based flooring specialist.
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First occupier deal agreed at 67-acre Essex scheme
The first occupier transaction has been agreed at Horizon 120, a 67-acre scheme in Braintree, Essex.
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Occupancy increases across European self-storage market
Occupancy rates have increased across Europe’s self-storage market according to JLL’s European Self Storage Annual Survey in conjunction with the Federation of European Self Storage Associations (FEDESSA).
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Cadillac Fairview purchases White City Place
Cadillac Fairview, the real estate arm of Ontario Teachers’ Pension Plan, has bought White City Place in west London from Stanhope, AIMCo and Mitsui Fudosan for approximately £950m.
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Ex-chairman and CBRE EMEA CEO appointed as chairman of Granger Reis
Granger Reis has appointed former CBRE EMEA chairman and chief executive Michael Strong as its new chairman.
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Hines to relocate to Covent Garden office in 2023
Hines has secured 36,000 sq ft at Grain House, Covent Garden.
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UK hotel investment dominated by London
UK hotel investment volumes in 2020 have been dominated by London transactions, according to Savills.
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Supermarket Income REIT raises fundraising target to £200m
Supermarket Income REIT has increased the target of its latest fund raising round from £150m to up to £200m, due to strong investor backing.
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NAV nudges up at Harworth but profit and returns fall
Harworth Group saw new asset value (NAV) nudge up during the first six months of the year despite the impact of Covid-19.
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Target investors benefit from rising dividend
Net asset value (NAV) at Target Healthcare REIT nudged up in the year to the end of June, with investors set to benefit from a rise in the dividend payment.
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IWG persuades over half of Regus landlords to accept rent cuts
IWG has persuaded more than half of its UK landlords to accept rent cuts after it filed to put subsidiary Regus into administration.
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L&G vows to vote against all-white FTSE 100 boards
Legal General (L G) has vowed to vote against any FTSE 100 company that fails to appoint a black, Asian or minority ethnic director (BAME) by 2022.
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Schroder’s HQ One London Wall Place sold for £480m
Brookfield has sold Schroders’ City of London headquarters for £480m.
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Cola Holdings cans plans to sell £1bn London hotel and retail portfolio
Cola Holdings has canned plans to sell its £1bn hotel and retail portfolio in London.
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Bruton Knowles acquires Hertfordshire agency
Bruton Knowles has acquired Herefordshire-based agency John Amos Co as part of a plan to extend its rural division’s capacity across the West and Midlands.