All Property Week articles in 20 September 2019 – Page 3
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Online
PHP seeks £75m from investors
Primary Health Properties (PHP) is seeking £75m from investors as it eyes “very attractive” opportunities to develop new healthcare premises.
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Clemett appointed CEO at Workspace
Workspace has appointed of Graham Clemett as chief executive after serving as interim chief executive since June, when his predecessor Jamie Hopkins stepped down.
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NAV at TCS falls as retail CVAs bite
Net asset value (NAV) at Town Centre Securities (TCS) dropped 7.8% in the year to the end of June as the group attempted to reduce its retail exposure and focus on less volatile assets.
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Sports Direct to close five more Jack Wills stores
Sports Direct is to close five more Jack Wills stores having shuttered eight of its 98 UK sites in August.
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L&G buys Quarry House in Leeds for £243m
Legal General has acquired Quarry House in Leeds from R20 for £243m in its eleventh government hub deal.
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Salesforce takes additional floor of 110 Bishopsgate
Salesforce has pre-let a further 10,845 sq ft of 110 Bishopsgate, leaving just half a floor of the building available.
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SEGRO builds London base with £100m portfolio purchase
SEGRO has boosted its Greater London portfolio by £100m with off-market acquisitions in Dagenham and Croydon, as well as the July purchase of eight acres of land in Tottenham.
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All Thomas Cook stores closed ‘with immediate effect’ after travel firm collapses
All of Thomas Cook’s stores have been closed with immediate effect after the company ceased trading after failing to strike a rescue deal with its lenders.
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Inland Homes gains planning consent for Wilton Park
Inland Homes has received planning consent for its flagship site at Wilton Park in Beaconsfield, Buckinghamshire, further to the signing of a s106 agreement.
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Savills Investment Management launches European Logistics Fund 3 with £529m target
Savills Investment Management has launched the European Logistics Fund 3 (ELF 3), which will focus on investments in distribution centres and cross-docks across Europe.
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England and Wales lose 4m sq ft in retail space
Some 4m sq ft of retail floor space in England and Wales have been lost or converted to other uses over the past year, according to a new analysis by property law firm Boodle Hatfield.
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Knight Frank makes five new hires
Knight Frank has appointed Nick Boyd and Matthew Smith as partners.
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Urban Logistics pays £9.9m for six Connect Group depots
Urban Logistics has paid logistics operator Connect Group £9.9m for six of its parcel distribution depots, representing a net initial yield of 7.04%.
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Reuben Brothers pumps £19m into modular construction group
Reuben Brothers has invested £19m in modular house builder Project Etopia, the largest investment yet received the firm and the wider offsite-construction industry.
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Impact buys care home near Bristol
Impact Healthcare REIT has paid almost £7m to buy Argentum Lodge Care Home.
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Stenprop bolsters portfolio with 100 industrial units for £16.7m
Stenprop has completed the acquisition of 100 industrial units in five separate transactions for an aggregate price of £16.7m.
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Our house is on fire – why we must start acting differently today
The climate is in crisis. With the built environment responsible for 40% of total UK carbon emissions, it is vital that the property industry plays a leading role in making the move to net-zero-carbon mainstream.
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Argent appoints retail lead for King’s Cross
Argent has appointed James Rayner as retail lead for its King’s Cross regeneration project.
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Join us at Workspace to debate flex, wellbeing and space as a service
Wellbeing and mental health have really come to the fore in the past year, nowhere more so than in the office sector.
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Deutsche Bank increases size of intu Derby CMBS
Deutsche Bank has increased the size of its CMBS of a senior loan secured against intu Derby and priced the deal.