All Property Week articles in 21 July 2017 – Page 2
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OnlineLidl buy site for new Scottish DC
Discount supermarket chain Lidl has acquired a 50-acre site at Eurocentral in North Lanarkshire for a new 750,000 sq ft distribution centre.
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OnlineHarworth sells residential land at Waverley and signs leasing deal with McLaren
Harworth Group has sold a parcel of land at its Waverley development near Sheffield to Taylor Wimpey and secured McLaren as a tenant on the site’s Advanced Manufacturing Park.
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OnlineAXA completes acquisition of Milan's €83m Bodio Centre
AXA IM - Real Assets has completed the €83m acquisition of three prime office buildings within the Bodio Centre business park in Milan from CBRE Global Investors, on behalf of institutional investors.
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OnlineBoden to open first UK physical store in Chelsea
Fashion retailer Boden has announced plans to open its first UK store at Cadogan’s 20-23 Duke of York Square in Chelsea.
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OnlineHammerson boosted by record leasing activity
Hammerson has revealed a 4.3% rise in net asset value (NAV) per share in its interim results following a leap in store lettings.
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OnlineUnite reassures investors on safety checks
Unite has moved to reassure investors its student residents are safe following the failure of six of its blocks to pass safety check in the wake of the Grenfell Tower tragedy.
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OnlineSegro’s shares jump
Shares in Segro were up 2.87% after the industrial and logistics giant posted 5.4% growth in EPRA net asset value per share in its interim results.
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OnlineCancer Research & British Council take pre-lets at IQL
Cancer Research UK and the British Council have completed pre-let agreements to relocate their headquarters to Lendlease and LCR’s International Quarter in Stratford.
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OnlineFirst regional acquisition for Martin’s Properties in Sevenoaks
Martin’s Properties has acquired a £7.14m multi-let office building at 16 South Park in Sevenoaks from the Milton Group, marking the investment and development company’s first acquisition outside London.
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OnlineLXi to fund new Travelodge, KFC & Costa for Camborne
LXi REIT has exchanged contracts to provide forward funding for the development of a new Travelodge hotel, drive-through Costa coffee shop and drive-through KFC restaurant in Camborne, Cornwall.
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OnlineUBS completes £26m Old Street acquisition
UBS Asset Management’s Real Estate Private Markets (REPM) business has completed the acquisition of Churchill House in Old Street for £25.9m, representing a yield of 4.3%.
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OnlineMichael Kors set to walk off with £896m Jimmy Choo acquisition
Fashion brand Michael Kors has reached an agreement to buy British fashion house Jimmy Choo for £896m, in a deal which will see Michael Kors take on its 12 UK stores and concessions.
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OnlineGreen light for Genr8's Hilton Garden Inn in Stoke
Stoke-on-Trent City Council has given planning consent for a 140-bedroom hotel to be built at Genr8 Developments’ £170m Smithfield mixed use development.
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OnlineClough joins Octopus as business development director
Octopus Healthcare has appointed Edward Clough as its new business development director, with a focus on primary care.
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OnlineGlobal markets to build ‘unprecedented’ 700m sq ft of offices by 2019, finds Cushman report
The world property market is experiencing an unprecedented office building boom with more than 700m sq ft of space under construction that will be delivered between now and the end of 2019, Cushman Wakefield’s Global Office Forecast reports.
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InformationUK commercial property universe falls £43bn in value
New data from the IPF has shown that the total value of invested and owner-occupied commercial property in the UK fell by £43bn last year, from £926bn at year-end 2015 to £883bn at year-end 2016.
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OnlineShrigley Hall Hotel sold to private investor
The Hotel Collection has sold Shrigley Hall Hotel, Golf Country Club in Pott Shrigley near Macclesfield to a private investor.
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OnlineGovernment to crack down on ‘unfair’ resi leasehold abuses
The government is set to ban new build houses being sold as leaseholds in a move it claims will cut out unfair abuses of purchasers and deliver a “fairer, more transparent system for homebuyers”.
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OnlineM7 buys six regional assets for £23.7m
M7 Real Estate has paid £23.7m for seven regional assets on behalf of M7 Real Estate Investment Partners VI, bringing the fund to full investment with a total portfolio value of £30.8m.
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OnlineQuarterly NAV rise for Picton
Picton Property Income has posted a 2.4% rise in net asset value (NAV) per share for the three months to 30 June.
