All Property Week articles in 21st December - Tablet edition – Page 5
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OnlineAllsop sees profit rise
Allsop saw operating profits rise by 8% to £11.5m in the year to 31 March 2012
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OnlineLunsons appointed joint agent on Cabot Circus
Lunson Mitchenall has been appointed as a joint leasing agent on Land Securities and Hammerson’s Cabot Circus shopping centre in Bristol.
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OnlineKames Capital buys Clacton Factory Outlet out of administration
Kames Capital has bought the Clacton Factory Outlet retail park out of administration for its Active Value Property Fund.
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OnlineGermans in £106m Savile Row debt deal
pbb Deutsche Pfandbriefbank has provided a £106m facility to Plaza Global Real Estate Partners, which invests money for Angola’s sovereign wealth fund, towards the acquisition of 23 Savile Row in London’s West End.
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OnlineUrban Splash continues debt talks
Northern developer Urban Splash is in crunch talks to restructure a £113.6m loan facility, accounts filed with Companies House at the end of December show.
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OnlineNew agent for Glasgow shopping centre
Briant Champion Long has been appointed as leasing agent at a Glasgow shopping centre.
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OnlineNorth-east business park company in administration
Administrators have been appointed to a company that owns and manages 80,000 sq ft of business park properties near Stockton-On-Tees that were developed by Rokeby Developments.
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Online
JLL cautiously optimistic about 2013 recovery
2013 will be a year of recovery for the property market, although global uncertainties will still present challenges, research by Jones Lang LaSalle has found.
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OnlineLondon bakery chain sold in pre-pack deal
A London-based bakery and cafe chain has collapsed into administration and been sold as part of a pre-pack deal.
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OnlineVolume housebuilder buys Fetter Lane site for high-end flats
Taylor Wimpey Central London has bought a 53,333 sq ft office block in the City of London that has consent for a scheme of 76 luxury flats.
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Online£377m Deutsche fund secures key debt deal
A troubled £377m property fund managed by Deutsche Bank has reached an agreement with its lenders to extend its debt, staving off the prospect of administration.
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OnlineHines buys £35m King Street office
Hines’ Pan-European Core Fund (HECF) has bought a City of London office block from UBS Global Asset Management for £35m.
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OnlineWest End take-up falls by nearly 1m sq ft
Office take-up in the West End fell last year by nearly 1m sq ft, according to fourth quarter figures.
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OnlineCity anticipates £10bn of 2012 investment deals
Investment deals in the City of London during 2012 were expected to reach up to £10bn, making it the biggest year for City investment since 2006, according to Jones Lang LaSalle research.
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OnlineRetail administrations continued to increase last year
The number of retailers that collapsed into administration last year increased by 6% compared with 2011.
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OnlineHermes buys £40m Birmingham block
Hermes Real Estate Investment Management has completed a deal to buy the landmark Birmingham building Baskerville House, as revealed by Property Week.
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OnlineNorthacre explores Middle-Eastern takeover
Listed residential developer Northacre is considering several takeover approaches received during the Christmas period, including a bid from an Abu Dhabi fund.
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OnlineProperty figures receive New Year’s honours
Berkeley Group’s Tony Pidgley was among a select group of property industry figures included in the 2013 New Years Honours list.
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OnlineCompanies migrate from the West End in search of cheaper rents
The migration of companies out of the West End is likely to speed up in 2013 as high rents and lease expiries drive businesses eastwards.
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OnlineTotal property returns struggle at just 1.4%
Total property returns are expected to only reach 1.4% this year, down from predicted returns of 5.5% at the start of the year.
