All Property Week articles in 21 September 2018 – Page 3
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News
Summit called to discuss retail property challenges
Chief executives from some of the UK’s largest landlords and retailers are to meet to discuss joint efforts to tackle the challenges facing the retail property sector.
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Online
Tonkiss given cost cutting role as new CEO of McCarthy & Stone
McCarthy Stone has appointed its chief operating officer John Tonkiss as chief executive, with a mission to cut costs at the retirement homes group.
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Online
Regional REIT pays £50m of loan back early
Regional REIT, the UK regional office and industrial property group, has repaid £50m of its £65m ICG Longbow loan facility almost a year ahead of schedule.
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Online
BE Offices completes £84m refinancing
BE Offices, the independent flexible workspace group, has completed a £84m refinancing package with HSBC.
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Online
Purplebrick launches in Florida
Purplebricks Group has launched in Florida via the Tampa and Orlando, bringing its US presence to seven states.
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Online
Sigma reaps benefits of PRS REIT growth
Sigma Capital, the investment manager for family housing group PRS REIT, has posted a 315% rise in pre-tax profit off the back of a 168% rise in revenue for the six months to the end of June.
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News
OakNorth to fund £38.4m London care home scheme
Westbourne Capital Partners has secured a £38.4m loan from OakNorth for the development of a 200-unit care home facility next to Lord’s Cricket Ground in London.
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News
Council landlord strikes deal to save House of Fraser in Camberley
House of Fraser is to retain a presence in Camberley after agreeing new terms with its local authority landlord.
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News
Mercor trade counter portfolio sold for £45.4m
Avignon Capital and Riverside Capital have sold a portfolio of Travis Perkins outlets to Cordatus Property Trust for £45.4m, reflecting a net initial yield of 5.4%.
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News
AB InBev House changes hands for £16.9m
Mayfair Capital has bought an office building in Woking for £16.9m, reflecting a net initial yield of 7.6%.
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Online
AEW raises further €165m for French fund
AEW has completed a further close for RESIDYS, a fund targeting residential real estate assets in France, raising €165m (£148m) from institutional investors.
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Online
LXi seeks to raise £100m
LXi REIT has launched a share issue to raise a further £100m to help fund its ambitious acquisition programme.
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Online
GPE puts Mully in the chair
Richard Mully is set to succeed Martin Scicluna as non-executive chairman of Great Portland Estates (GPE).
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News
Pound sinks on PM's Brexit remarks
The pound slumped 1.19% against the Euro to €1.132 on Friday afternoon after Prime Minister Theresa May made a statement calling the European Union’s rejection of her Chequers proposal “unacceptable”.
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Online
Kitchen appointed chair at Sirius
Sirius Real Estate has appointed Danny Kitchen the German business park group’s non- executive chairman with immediate effect.
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Legal challenge to Giggs & Neville's £200m Manchester scheme turned down
A legal challenge to Gary Neville and Ryan Giggs’ controversial £200m St Michael’s redevelopment project in Manchester city centre has been rejected, paving the way for construction to begin.
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News
London & Scottish Investments reveals plans for 57,000 sq ft retail park near Glasgow
London Scottish Investments (L SI) has unveiled plans for a 57,000 sq ft retail park on the derelict Nestle dog food factory site in Barrhead, near Glasgow.
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News
Southbank Centre markets Waterloo space
The Southbank Centre has put underused storage space beneath Waterloo Bridge on the market for £10m, citing its potential for a leisure-led redevelopment.
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News
Inhabit approved for 590,000 sq ft redev in Aberdeen city centre
Inhabit has been granted planning approval for its 590,000 sq ft redevelopment of the historic Broadford Works site in Aberdeen city centre.
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News
L&Q to introduce lifetime tenancies for all residents
Housing association L Q is set to scrap fixed-term tenancies (FTTs) and instead offer lifetime tenancies for all residents, it has announced.