All Property Week articles in 20 May 2022 – Page 2
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News
Octopus Group inks £69m funding package for Dorset housing scheme
London Land Group has secured a £69m loan from Octopus Group’s real estate arm to fund a green development of 291 new homes in a key regeneration site in Dorset, Property Week can reveal.
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Warehouse REIT brings forward Panattoni Crewe logistics hub
Warehouse REIT has entered into a development agreement with Panattoni to create a 2m sq ft logistics hub at Radway Green, in Crewe.
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Dunmoore acquires Bedfordshire site to develop trade park
Property investor and developer Dunmoore has bought a vacant industrial unit at Stratton Business Park in Biggleswade, Bedfordshire, with plans to create a 42,500 sq ft trade park.
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The Mall, Blackburn sells for £40m
Capital & Regional has sold the The Mall shopping centre in Blackburn to the Adhan Group for £40m.
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ProCook appoints St Modwen for Gloucester warehouse development
St Modwen Logistics has been appointed by kitchenware brand ProCook to develop a 167,000 sq ft warehouse in Gloucester.
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Newcastle’s largest BTR scheme receives planning approval
Newcastle City Council has approved planning permission for a 289-unit residential scheme on Newcastle’s Quayside by Packaged Living.
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The Vintage Store opens largest store at Liverpool ONE
The Vintage Store will open its largest site to date at Liverpool ONE, occupying a 12,000 sq ft space.
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Melburg appoints head of asset management
Melburg Capital has appointed Andrew Burns as head of asset management.
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Plans submitted for mixed-use scheme in Leamington Spa
Plans have been submitted by developer HG Living to develop a new creative co-working hub and mixed-use scheme in Leamington Spa.
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AREA announces appointments on first anniversary
Alternative Real Estate Advisors (AREA) has made a number of appointments on the first anniversary of its establishment, including Sam Bolton, who joins from JLL as an associate director.
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Helical completes sale of Manchester’s Trinity building
Helical has sold the Trinity office building in Manchester to clients of Mayfair Capital for £34.55m, reflecting a yield of 5%.
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Harrison Street JV to develop third UK PBSA scheme in Nottingham
Investment management firm, Harrison Street, is to develop a 297-bed, five-storey purpose-built student accommodation scheme in Nottingham, in a joint venture with Torsion Developments.
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Finalists gather for Property Awards Shortlist Party
Finalists in the 2022 Property Awards gathered for a pre-event celebration and networking at the offices of sponsor haysmacintyre, the top 30 chartered accountancy firm, in London last week.
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Oxenwood fund secures £63m development injection from Blackstone
Oxenwood Logistics Fund 1 SLP (Oxenwood) has secured £63m in development funding from Blackstone Real Estate Debt Strategies.
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CBRE IM acquires Birmingham’s 125 Colmore Row for client
CBRE Investment Management (CBRE IM) has acquired 125 Colmore Row, a 150,000 sq ft prime office building in Birmingham city centre on behalf of West Midlands Pension Fund.
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Clearbell trust finalises £150m programme with Kings Cross acquisition
Clearbell UK Strategic Trust (CST) has announced that it is now fully invested, after 6-24 Britannia Street, Kings Cross, a commercial art gallery and office building, was acquired for £13.5m.
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Warehouse REIT drives up portfolio values
Warehouse REIT has reported a 19.4% like-for-like valuation uplift of its portfolio to £1.01bn, up from £792.8m last year.
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Assura grows rent roll by 12%
Healthcare landlord Assura has increased its passing rent roll by 12% to £135.7m in the year end to 31 March 2022
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West End footfall sees Shaftesbury ‘bounce back’ to profit amid merger talks
Shaftesbury’s West End portfolio has “continued bouncing back” in the first half of the fiscal year after overturning a £338m loss last year to post post-tax profit of £247.6m.