All Property Week articles in 22 February 2013 – Page 2
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OnlineStarwood Capital seal acquisition of Principal Hayley
Starwood Capital has completed its purchase of the Principal Hayley for a price thought to be up to £400m.
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OnlineMontagu Evans hires duo after defections to BNP Paribas Real Estate
Montagu Evans has made two appointments after its head of residential and one other colleague opted to quit the firm for BNP Paribas Real Estate.
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OnlineD2 Private hires agents to sell its last asset for £210m
D2 Private has instructed agents to sell Waterside in Paddington for a price of £210m in the last property sale from its portfolio, PropertyWeek.com can reveal.
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OnlineMorrisons takes on HMV stores
Morrisons has bought six former HMV stores from administrators at Deloitte as the supermarket retailer continues to expand its M Local convenience format.
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OnlineWestfield profits up 18.3%
The Westfield Group has posted net profits of AUS$1.72bn (£1.15bn), up 18.3% on 2011.
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OnlineProperty Archive: UK Property Investment Bulletin Q4 2012
Property Archive reports that 2012 saw £35.5bn of UK investment activity, up marginally by 1.5% from 2011 (£35bn). It was the year of overseas investment in UK property, comprising 46% of total activity for the year (£16.6bn) and being the only net investor for the year of £7.73bn.
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OnlineIntu forms debt vehicle
Intu has established a new debt vehicle to refinance four of its shopping centres and completed a £250.5m deal to buy Midsummer Place in Milton Keynes.
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OnlineBarratt profits soar as lending conditions improve
Barratt Developments today said pre-tax profits rose 113% in the final six months of 2012, crediting better lending conditions and the government’s NewBuy scheme for the improvement.
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OnlineIntu forms debt vehicle and completes Midsummer deal
Intu has established a new debt vehicle to refinance four of its shopping centres and completed a £250.5m deal to buy Midsummer Place in Milton Keynes.
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OnlineSegro NAV dips as it continues “non-core” sell-off
Segro’s net asset value (NAV) dipped 6.2% in 2012 due to the performance of its “non-strategic” assets and south east offices.
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OnlineLittle Chefs to be converted to Starbucks cafes
Petrol forecourt operator EuroGarages has taken on five former Little Chef leases for conversion to Starbucks coffee shops.
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OnlineMunich Re hires agents in the City
German insurance company Munich Re has appointed DTZ to source up to 200,000 sq ft of space in the City, in order to consolidate its London headquarters under one roof.
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OnlineBrookfield poaches Blackstone director for new Dubai fund
Brookfield Asset Management has poached a former Blackstone managing director to head up a new $1bn Dubai property fund.
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OnlineKnight Frank Investors completes £32m industrial deal
The Crown Estate has sold three industrial estates for more than £32m to Knight Frank Investors on behalf of Lancashire County Council’s Pension Fund.
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OnlineArgos quits China
Argos is planning to shut its China business just four months after opening its first stores in the country.
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OnlineLend Lease scores UEFA event in Stratford
Lend Lease and London Continental Railways have secured a deal with UEFA to bring the Champion’s Festival to Stratford, E20.
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OnlineMORNING AFTER: Young Norwood Awards Dinner
Take a look at some of the pictures taken at the seventh annual Young Norwood property awards evening.
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OnlineMitsui secures £105 / sq ft letting
Mitsui Fudosan and Stanhope have signed their first office letting at their 5 Hanover Square office scheme.
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OnlineRedrow profits grow as house prices rise
Housebuilder Redrow said profit before tax rose 50% in the second half of 2012 aided by an increased gross margin.
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OnlineLloyds sells stake in housebuilder
Lloyds has sold its 50% stake in housebuilder Countryside Properties to a US private equity firm.
