All Property Week articles in 20 December 2013 – Page 4
View all stories from this issue.
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OnlineBPF backs property banking reforms
The British Property Federation has urged the industry to support the Real Estate Finance Group’s recommendations to protect the financial system from commercial property market crashes.
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Online
Tesco completes £355m South Korea deal
Tesco has confirmed the completion of a sale and leaseback transaction in South Korea with fund manager Samsung SRA for more than £355m.
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Property and construction administrations drop by 24%
Administrations in the property and construction industry dropped by 24% last year, while retail administrations were down 6% compared to 2012.
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UK property faces supply-demand mismatch in 2014
UK property markets will be buoyed by strong demand as the economy improves in 2014, but a dearth of supply will push up rents and prices, Jones Lang LaSalle predicts.
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Tishman Speyer plans £300m Eland House revamp
Tishman Speyer has submitted a planning application for the £300m redevelopment of Eland House in Victoria.
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Rental gap widens across London
The rental gap in asking rents across London boroughs has grown to £4,411 a month.
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JLL to exit Hanover Square
Jones Lang LaSalle is exiting its Hanover Square office, in favour of consolidating its West End teams at 30 Warwick Street.
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Capco lodges plans for Met Police headquarters
Capital and Counties has lodged plans for a major office to residential conversion of the Metropolitan Police Service’s 600,000 sq ft Earls Court headquarters.
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750 homes bought through Help to Buy in first three months
The Help to Buy scheme launched by the government in October helped the purchase of 750 new homes in its first three months the government has said.
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Container line signs up at Peel’s Princes Dock
Independent Container Line has established its first base in Liverpool at Peel Group’s Prince Dock, Liverpool Waters.
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Invel completes giant Greece deal
Invel Real Estate Partners has completed the acquisition of a 66% stake in NBG Pangaea Real Estate Investment Company for €653m.
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Berkeley to get approval in Wapping
Berkeley Group’s plans for the redevelopment of the former News International headquarters in Wapping have been granted recommendation for approval by planers at Tower Hamlets.
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London investment hits six-year high
Investment volumes in London hit a six-year high in 2013 according to research by Cushman Wakefield.
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Tech company signs for King’s Cross Central office
The King’s Cross Central Limited Partnership has secured a new global IT services company as a tenant at its One Pancras Square building.
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Debenhams predicts 26% fall in profits
One of Britain’s biggest retailers has warned of plummeting profits as projected Christmas sales failed to materialise.
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Government intervention threatens luxury resi market
Rising interest rates and government intervention pose the greatest threat to luxury residential markets worldwide, according to the latest research from Knight Frank.
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Land Secs chair recognised in New Year Honours
Alison Carnwath, chair of Land Securities, has been made a dame in the Queen’s New Year Honours list.
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Karlin adds to regional portfolio
Karlin Real Estate has bought a shed in the West Midlands let to Jaguar Land Rover.
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F&C Commercial Property Trust director retires
F&C Commercial Property Trust is looking to replace one of its directors following the announcement of his retirement.
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Capital & Regional ups stake in The Mall Fund
Capital Regional has increased its stake in The Mall Shopping Centre Fund by 30.689 million units.
