All Property Week articles in 20 February 2015 – Page 3
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Persimmon posts bumper results
Housebuilder Persimmon posted a 39% jump in pre-tax profit to £467m for 2014 in a strong set of full-year results today.
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Build on green belt to solve housing crisis, report says
London councils should evaluate their green belt polices and allow houses to be built on areas of the land in order to help solve the capital’s housing crisis, according to a new report.
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Aldgate Tower signs new tenant
The leading global brand services company, Tag Worldwide, has confirmed it will occupy 40,000 sq ft of offices in the newly completed Aldgate Tower.
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McKay pushes ahead with spec office developments
McKay Securities has guided that its three speculative office developments in London and the South East will increase the estimated rental value of its portfolio by 19.3%.
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Giggs and Neville get consent for boutique hotel
Former Manchester Utd stars Gary Neville and Ryan Giggs have got permission from Manchester City Council to transform the former Stock Exchange building into a 35-room boutique hotel.
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Town Centre Securities opens London office
Leeds based property investor and car park operator Town Centre Securities is opening a new London office following the acquisition of a £3.1m property on Duke Street, in the West End.
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Marx to step down at Development Securities
Michael Marx is to stand down from his role as chief executive at Development Securities after 21 years with the company.
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Unite shares buoyed by strong results
Shares in Unite rose on Monday after its full-year results showed a better than expected 13.6% increase in NAV per share to 434p.
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Green REIT set to pay first dividend as NAV rises 11%
Irish listed property company Green REIT produced an 11% rise in NAV during the final six months of 2014, and is set to pay its first dividend for shareholders.
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Designs for Nine Elms bridge unveiled
Designers from across the world have submitted proposals for a new pedestrian and cycle bridge across the Thames that will link Nine Elms to Pimlico.
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Coventry department store hits market
A 136,178 sq ft Coventry department store has hit the market – the biggest retail investment opportunity to come forward in the city for 30 years.
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Hansteen increases stake in sheds fund
The European property investment firm Hansteen has spent £11m to acquire 24.2 million more units in the Ashtenne Industrial Fund (AIF).
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Galliard appoints non-exec director
Galliard Homes has appointed ex-Grantchester and Asda Property director Paul Huberman as a non-executive director.
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Watch: London from above
Aerial photographer Jason Hawkes releases a stunning video of London from above that highlights many of the city’s recently completed buildings.
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Pi-Labs backs five new property start-ups
Property Innovation Labs (Pi Labs), Europe’s first property-focused accelerator, has announced its inaugural intake of start-up companies and the launch of a crowdfunding campaign.
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JP Morgan and Barwood sell Wellesbourne Distribution Park
Griffin UK Logistics Fund (GULF) has bought Wellesbourne Distribution Park for £43.6m from Barwood Capital, Barwood Developments and JP Morgan.
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GVA posts 33% profit hike
GVA, the commerical property agency, has revealed a 33% rise in annual pre-tax proft to £10.4m.
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Profit leaps 44% at Unite
Unite, the UK’s largest student accommodation group, has revealed a 44% leap in profit for the year to 31 December 2014.
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Tritax reports 9.3% rise in NAV as profit hits £41.8m
Tritax Big Box Reit, the logistics warehouse group, saw a 9.3% rise in net asset value to £619.28m during its first full year on the stock market, it revealed this morning.
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Bovis posts record results
Bovis Homes produced record figures for 2014 with a 69% leap in pre-tax profit to £133.5m.