All Property Week articles in 20 December 2013 – Page 3
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Honda parks in Bracknell
Car manufacturer Honda has agreed to take 70,000 sq ft in Commercial Estates Group’s Reflex building in Bracknell, in one of the largest Thames Valley lettings in the last 12 months.
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Pfizer extends CBRE contract
Pharmaceuticals giant Pfizer has renewed and expanded its facilities management services contract with CBRE to cover 55 countries across EMEA.
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Regulators investigate Co-op Bank
Financial regulators will begin an investigation into the troubled Co-operative Bank, following its near collapse.
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Orchard Street picks £85m midtown office
Orchard Street Investment Management has exchanged contracts to acquire 26 Red Lion Square from Legal General Property for £85.1m, with a net initial yield of 5.09%.
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Law firm commits to Birmingham’s Nine Brindleyplace
Law firm DAC Beachcroft has renewed its lease at Nine Brindleyplace in Birmingham until 2019 and taken on more space in the building.
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Barchester starts new care home development
Care home provider Barchester Healthcare has begun its newest care home development in Deeping St James, with the investment funded by Cinnamon Care Capital.
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News Corp finalises move to Baby Shard
Rupert Murdoch’s News Corporation has signed a 30-year lease for Irvine Sellar’s The Place in London Bridge.
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Schroders signs at One London Wall Place
Schroders has signed a lease for 310,000 sq ft at Brookfield and Oxford Properties’ One London Wall Place – the largest pre-let in the City of London since 2010.
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Oxford Properties buys £86.5m Royal Exchange
Oxford Properties has completed its acquisition of the retail element of the Royal Exchange in the City of London for £86.5m, as first revealed by Property Week in December.
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LSH makes three public sector hires
Lambert Smith Hampton has recruited three directors to its public sector team, including the former property director at the London Legacy Development Corporation.
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LandSecs in talks to develop O2 Arena designer outlet
Land Securities is in talks to develop a designer outlet centre at the 02 Arena in Greenwich, London.
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AXA secures €135m US pension mandate
AXA Real Estate Investment Managers has been appointed by The Teacher Retirement System of Texas, the largest public retirement system in Texas, to manage a new €135m investment mandate targeting value-add investment opportunities in Europe.
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Plans unveiled for New Scunthorpe United stadium
North west architecture and design practice the Frank Whittle Partnership has unveiled plans to create a new stadium for League 2 football club Scunthorpe United.
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European REIT's portfolio value drops
European Real Estate Investment Trust’s portfolio has been valued at €68.2m, a decrease of 9.1% since June.
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Lok'nStore expands into Bristol
Self-storage firm Lok’nStore Group, has bought a site in Longwell Green, Bristol, to further expand its portfolio.
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Prologis and Norges form $1bn JV
Prologis has formed a $1bn joint venture in the U.S. with Norges Bank Investment Management.
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M&G appoints investment management director
M G Real Estate has hired Jonathan Clarke from Genesis Housing Association as investment management director.
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Green light for Cambridge student beds
Planning permission has been granted for new postgraduate student accommodation for Cambridge University at the £1bn North West Cambridge scheme.
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Scarborough plans Welsh fairground development
Kevin McCabe’s Scarborough Group has submitted plans to redevelop an 18-acre Welsh fairground.
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Further £815m restructure for London & Regional’s former Southern Cross portfolio
London Regional has agreed a restructuring of an £815m securitised loan held against its Ashbourne care homes portfolio.