All Property Week articles in 21 October 2016 – Page 2
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London records highest retail rental growth as New York remains most expensive
New York’s Fifth Avenue continues to command the world’s highest prime rents for retail space as rental gains in the Americas and Europe outpaced those in the Asia-Pacific region, according to CBRE’s half yearly Global Prime Retail Rents report.
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Lease security in a post-millennial world
In the past, if a tenant did not meet the required covenant strength, it would need to provide a suitable security package to the landlord.
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Mayfield flips £150m Chelsea Police Station scheme to UAE fund
Mayfield Asset Management has sold the site of its proposed luxury residential scheme in Chelsea, which it acquired in February 2016, to a private United Arab Emirates-based fund.
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Double real estate appointment at Deutsche Bank
Deutsche Bank has promoted Rishi Bhuchar and Klaus Elmendorff to become co-heads of its corporate finance franchise covering real estate, gaming, lodging and leisure in Europe, the Middle East and Africa (EMEA), Property Week can reveal.
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Government approves new runway at Heathrow
The government has approved a new runway at Heathrow airport.
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Raft of new lettings at Bristol’s The Mall at Cribbs Causeway
Intu and M G Real Estate have announced a raft of new lettings at The Mall at Cribbs Causeway in Bristol.
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Where are Europe’s most liveable cities?
The same European cities consistently rank highly as desirable places to live, but Copenhagen tops for happiness.
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LCP launches resi fund to capitalise on tumbling sterling
London Central Portfolio has launched a new residential property fund to capitalise on foreign investor appetite for UK property fuelled by a devalued sterling.
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Intu launches £350m convertible bond issue
Intu Properties has launched £350m of guaranteed convertible bonds due in 2022, with an increase option of up to £50m.
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NAV up at Picton in quarterly results
Picton, the property investment company, has revealed net asset value per share rose 1.4% during the quarter to 30 September 2016.
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RICS chief pledges to shun all-male property panels
Royal Institution of Chartered Surveyors chief executive Sean Tompkins has pledged not to sit on all-male panels ‘wherever possible’, after the industry body released research showing that nearly a third of young women thought the property sector was purely for men.
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FTSE 100 slips below 7,000 mark
The FTSE 100 closed below the 7,000 mark on Monday as other European stock markets ended the day in positive territory.
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Green light for 3,000 new homes at Silvertown
Planning permission has been granted by the London Borough of Newham for 3,000 new homes at the Silvertown site in the Royal Docks.
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Equinox to open second UK branch at The Stage, Shoreditch
Premium health club Equinox is set to open its second UK branch at mixed-use Shoreditch development The Stage.
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One in three pre-Brexit deals has now completed
More than a third of UK commercial property investment deals that were offered to the market prior to the EU referendum have now completed, with a combined transaction volume of £4.6bn.
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Kingboard buys £271m Moor Place
Hong Kong investor Kingboard Chemical Holdings (KCH) has exchanged contracts to purchase WeWork’s European HQ, Moor Place, for £271m.
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Kings Cross HQ building hits block for £24m
Gerald Eve has been appointed to market a prime office building in King’s Cross on behalf of a private trust for an asking price of £23.7m.
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Hammerson and Standard Life Investments reveal £1.4bn Brent Cross plans
Hammerson and Standard Life Investments have revealed their plans for the £1.4bn redevelopment of Brent Cross Shopping Centre, including more than 200 retail units and 40 restaurants.
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Kennedy Wilson signs NHS in Frimley
Kennedy Wilson Europe has let the 16,468 sq ft ground floor office at Theta House in Frimley to Surrey and Borders Partnership NHS Foundation Trust.
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Knight Frank promotes Evans to healthcare and hotels head
Julian Evans, the head of healthcare at Knight Frank, has expanded his remit to take on a dual role as the firm’s head of hotels and healthcare.