All Property Week articles in 21 July 2017
View all stories from this issue.
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Online
Turley creates new Derry office alongside triple appointment
Planning consultants Turley have announced plans to open a second regional office to serve the City of Derry-North West, and the creation of three new jobs in Northern Ireland.
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Raising standards is the only way to win support for more housing
Selling new houses on leases is the latest “housing scandal” to embroil housebuilders and Sajid Javid rightly wants to put an end to it.
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Online
CBRE reports strong EMEA growth in Q2
CBRE has reported 8% growth in Europe Middle East and Africa (EMEA) local currency revenues for the second quarter, boosted by strong performances in the UK, Netherlands and Spain.
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Online
Jeans designer sells London portfolio for £84m
KF Properties – the company founded by 1960’s jeans designer Keith Freedman– has sold 211 flats across 15 properties in London for £84m to Swedish firm Akelius.
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Intu's Merry Hill refinanced in £488m deal
Intu has refinanced Merry Hill Shopping Centre with a new £488m loan from four lenders including Wells Fargo and BNP Paribas.
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West End ground rent investment sold for £36.4m
The Crown Estate has sold its freehold interest in 10 Bloomsbury Way to German investment firm MEAG for around £36.4m.
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10 Tempeback in Bristol reaches full occupancy
Orchard Street Investment Management’s 10 Tempeback office building in Bristol has reached full occupancy following the completion of two lettings for a total of 20,000 sq ft
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Hunter signs three at Cameron Toll
Hunter Real Estate Investment Managers has announced a series of lettings at the Cameron Toll Shopping Centre in Edinburgh, bringing the scheme to 99% let.
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Professional
CPPIB invests £250m in Intu subordinated facility
The Canada Pension Plan Investment Board has announced that its wholly ownedCredit Investments subsidiary will provide a £250m subordinated facility to Intu properties.
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Online
Palace purchase for Erste in Hungary
Union Investment has sold the 193,750 sq ft Krisztina Palace offices in Budapest to the Erste Real Estate Fund.
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Intu reports drop in rental income and footfall
Intu, the shopping centre giant, has reported a 1.5% fall in like for like net rental income for the six months to 30 June.
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Online
Countrywide holds on to LSH
Countrywide has decided to keep Lambert Smith Hampton (LSH) within the business after concluding a strategic review.
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Profit plummets at Foxtons
London estate agent Foxtons has revealed a 64% collapse in pre-tax profit for the first half of the year as it continues to struggle in a tough London residential market.
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PHP produces strong half year figures
Primary Health Properties has produced a 5.5% rise in net asset value per share, and a 22.2% leap in earnings for the first six months of the year.
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M7 lets Office Mall space in Bad Homburg
M7 Real Estate has let almost 30,000 sq ft of office space at its Office Mall in Bad Homburg, Germany, to Frankfurter Lebensversicherung.
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Unite’s shares jump
Shares in Unite Group were up 1.54% on Wednesday following its first-half results.
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Anglezark acquires City office
Investment and asset management firm Anglezark has acquired 17-20 Ironmonger Lane in the City of London for £11.75m from CBRE Global Investors.
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Countryside gets green light for phase 2 at Kingsmere
Countryside Properties has been given the green light to build up to 709 new homes at its Kingsmere development in Bicester.
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Baytree enters German logistics market
Baytree Logistics Properties, the pan-European logistics and industrial development platform launched by AXA IM - Real Assets, is entering the German market will the development of a 30,000 sqm build-to-suit logistics development in Hannover
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Rare £200m mixed use scheme gets green light in City of London
Urbanest has secured planning permission for a rare major mixed-used development in the heart of the City, creating 643 new student homes alongside offices and innovation space for King’s College London (KCL) in a scheme with an estimated GDV in excess of £200m.