All Property Week articles in 20 December 2019 – Page 3
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OnlineMore than half of retailers entering CVAs fall into administration
More than 50% retailers that have entered into company voluntary arrangements (CVA) since 2016 have collapsed into administration, according to an analysis by Colliers International.
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OnlineHMV to close up to 13 stores in the coming weeks unless it secures rent reductions
HMV, which was brought out of administration less than a year ago , has warned that it will be forced to close up to thirteen stores unless it can secure new deals with its landlords.
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OnlineL’Oréal to relocate headquarters to White City Place in 2023
L’Oréal UK and Ireland will move its headquarters to White City Place from autumn 2023.
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OnlineJLL bolsters Scotland investment team with Cushman & Wakefield’s Cowe
Calum Cowe is joining JLL’s capital markets team in Scotland as a director after more than eight years with Cushman Wakefield.
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OnlineUrban Logistics in advanced talks to secure £146m of logistics assets
Urban Logistics is close to acquiring multiple portfolios of assets valued at £146m, it said in an update today.
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OnlineVärde Partners agrees to sell The Dedica Anthology portfolio
Värde Partners has agreed to sell a portfolio of eight luxury hotels to Covivio for an estimated value of €600 (£511m).
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OnlineSirius buys two German business parks
Sirius Real Estate has paid €33.4m (£28.5m) for two business parks in Germany.
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OnlineNext exceeds profit forecasts recording 5% boost in sales
UK retail chain Next recorded higher than expected sales over the Christmas period resulting in the improvement of its full-year guidance.
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OnlineHomes for Students creates new roles to accommodate portfolio growth
Homes for Students has appointed two new regional asset managers to oversee its UK student accommodation portfolio.
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OnlineTopshop Westfield Stratford store to close after lease expires
Philip Green’s Arcadia Group will close its Topshop Topman flagship store in London’s Westfield Stratford City, Property Week ’s sister title Drapers has revealed .
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OnlineBovis completes £1.1bn deal for Galliford’s housebuilding arm
Bovis Homes has completed the £1.1bn cash and shares deal to buy Galliford Try’s housebuilding business.
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OnlineM&G continues £2.5bn fund suspension as it sells retail park
M G has confirmed that it will continue the temporary suspension of its property fund, M G Property Portfolio, “until further notice”.
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OnlineCindat and Omega purchase £176m healthcare portfolio
Beijing-headquartered private equity firm Cindat Capital Management and US REIT Omega Healthcare have announced a joint venture to acquire half of a portfolio of 67 senior housing properties in the UK.
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OnlineCountrywide’s sale of Lambert Smith Hampton wins shareholder approval
Countrywide’s sale of Lambert Smith Hampton (LSH) to private investor John Bengt Moeller for £38m has been voted through by shareholders at a general meeting held today.
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OnlineWillis Towers Watson signs for new Manchester office
Irish Advisory and solutions business Willis Towers Watson has signed for a new office in Manchester on a 10-year lease.
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OnlineHost of property professionals recognised in New Year’s Honours list
A string of high profile individuals from the property industry have been recognised in the Queen’s New Year’s Honours list.
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OnlineMadison International Realty sells Five Acre Square for £170m
Madison International Realty has sold the £170m Five Acre Square in the City of London to Northwood Investors.
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OnlineUrban Exposure settles dispute with JLL over fees
Urban Exposure has agreed to pay JLL Corporate Finance £400,000 in order to settle a dispute over fees.
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OnlineMedical Properties Trust to buy BMI hospitals for £1.5bn
Medical Properties Trust has agreed to buy 30 BMI acute care hospitals for about £1.5bn.
