All Property Week articles in 21 May 2021 – Page 2
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Puma Property Finance closes four loans on £70m of projects
Puma Property Finance has closed four development loans in four weeks on £70m of projects, Property Week can reveal.
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Local authority acquires 155-property portfolio for £38m
TBG Open Door, Barnet council’s trading company, has acquired 155 properties for £38m.
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First Homes policy could require developers to build with 50% discount
The government has outlined the details of its First Homes policy – including the potential need for homes to be built with a 50% discount.
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U+I to ‘reset’ business after ‘hugely disappointing’ results
U+I has reported a “hugely disappointing” pre-tax loss of £87m for its 2020/21 financial year, but has outlined plans for a “reset” and “refreshed” strategy following a 100-day review of the business.
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Greenwich Council approves £400m regeneration of Woolwich town centre site
The Royal Borough of Greenwich’s planning board has approved St Modwen and Notting Hill Genesis’s proposals to create a new neighbourhood in Woolwich, south-east London.
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LCP continues retail acquisitions with Trafford shopping parade
Commercial retail and investment company LCP has purchased The Square in Trafford, Manchester for almost £9.5m on behalf of Sheet Anchor Investments, part of the LCP group of managed companies.
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Hillview secures office lettings as out-of-town demand rises
UK regional office investor Hillview Real Estate has signed lease agreements totalling 23,000 sq ft across four buildings, reflecting the pick-up in demand for out-of-town office space.
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Hill Group opens new western regional office
Privately-owned housebuilder Hill Group has opened a new regional office in Abingdon, Oxfordshire.
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South Cambridgeshire Investment Partnership purchases Cambourne Business Park
The South Cambridgeshire Investment Partnership (SCIP), a joint venture between South Cambridgeshire District Council and housebuilder Hill Group, has purchased 19.2 acres on the Cambourne Business Park for £12.9m.
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Canada Life loans £43m to Amazon Property
Canada Life Asset Management has agreed a £43m bi-lateral loan to Amazon Property to refinance three Central London multi-let residential blocks.
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British Land awarded £100m loan for Canada Water scheme
Homes England has granted a £100m loan for infrastructure works at British Land’s mixed-use scheme at Canada Water, south London.
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Glass Futures facility receives planning consent
A £54m global glass research and innovation facility at Saints Retail Park in St Helens has been granted planning permission.
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Cushman & Wakefield appoints EMEA head of asset services sustainability
Cushman Wakefield has hired James Woodhead to head its EMEA-wide asset services, sustainability, and environmental, social governance (ESG) consultancy.
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Marathon snaps up 17-hotel portfolio
MCAP Global Finance, an affiliate of New York-based investment manager Marathon Asset Management, has bought a large UK hotel portfolio from Cerberus Capital Management for an undisclosed sum.
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Luke Johnson launches attempt to sell Gail’s
Luke Johnson is looking to sell his artisanal bakery chain Gail’s.
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M&S plans to close stores after posting £201m loss
Marks and Spencer plans to cut its store estate after swinging to a loss as a result of the pandemic.
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Lendlease signs retro arcade bar at Elephant Park
Lendlease has announced the signing of Four Quarters, an ‘arcade bar’ operator, at its £2.5bn Elephant Park redevelopment.
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Warehouse REIT has £1bn ‘near-term ambition’ as valuation soars 76%
Warehouse REIT is aiming for £1bn in net assets as a “near-term ambition” after the value of its portfolio soared 76%.
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Hibernia values falls during pandemic
Hibernia REIT has reported a 3.7% decline in the net value of its assets for the year to the end of March as the Covid-19 pandemic also led to losses.
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Greene King gets go-ahead for Loch Fyne restaurants CVA
Creditors have approved Greene King’s CVA for its Loch Fyne business.