All Property Week articles in 22 February 2019
View all stories from this issue.
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News
2019 could be record-breaking year for spec shed development
More speculatively developed warehouse space could be completed in 2019 than in 2016 when the current record was set, according to Colliers International.
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News
Walsall Council approves plans for 488,000 sq ft industrial scheme
Walsall Metropolitan Borough Council has approved Parkhill Estates’ plans for 488,000 sq ft of speculative industrial development.
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News
Women in Property appoints Mandy St John Davey as chair
Women in Property has appointed business mentor and property developer Mandy St John Davey as its new national chair.
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News
Capital & Regional signs 25-year Empire Cinema lease in Hemel Hempstead
Capital Regional has signed a 25-year lease with Empire Cinemas for a new cinema in Hemel Hempstead.
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News
Mayor of London warns of ‘catastrophic’ no-deal Brexit impact on housing
The Mayor of London, London Councils and the G15 group of London’s largest housing associations have written an open letter to the Secretary of State for Housing, Communities and Local Government warning of the “catastrophic” effects that a no-deal Brexit could have on affordable housing delivery.
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News
Aberdeen Standard sells £16m Travelodge Brent Cross
Aberdeen Standard Investments has sold the Travelodge hotel in Brent Cross, north London to a private investor for £16m.
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Online
Unite posts NAV rise as student bookings continue at record highs
Student accommodation giant Unite has posted a 9.7% increase in net asset value (NAV) for the full year to 31 December.
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Online
Ocado and M&S shares rise on deal news
Ocado’s share price jumped 11.7% on Tuesday making it the best performing share on the FTSE 100 after it was revealed it is in talks to enter into a deal with Marks Spencer.
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Taylor Wimpey posts profit and revenue rise for 2018
Britain’s third-largest housebuilder Taylor Wimpey said on Wednesday that demand for its homes remained strong at the start of the year, reporting a 5.5% rise full-year pre-tax profit.
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Online
Capco posts third successive annual writedown of Earls Court
Capital Counties (Capco) has posted a 15.6% writedown in the value of its Earls Court assets, the third annual loss in value at the scheme in succession.
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Online
Fitch warns of Brexit redemption risk
Fitch Ratings has warned that while cash levels in open-end property funds are “marginally better than in mid-2016”, they are not high enough to prevent funds from imposing withdrawal restrictions in the event adverse Brexit developments in the coming weeks.
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News
Grosvenor signs deal to bring forward 5,000-home Essex site
Grosvenor has formed a new partnership to deliver around 5,000 homes on a site near Chelmsford in Essex.
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Online
M&S and Ocado set to sign deal
Marks Spencer and Ocado are set to sign a £900m deal giving M S a food delivery service for the first time.
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Online
Ready Steady Store buys eight-asset portfolio
Ready Steady Store has acquired an eight-asset portfolio from selfstoreit.co.uk.
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Online
UBS sells two City offices
UBS Asset Management’s Real Estate Private Markets (REPM) has sold two City of London offices for a combined £77m.
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News
Kier to take on next phase of Birmingham’s Arena Central
Kier Property has acquired the development rights for the next phase of the Arena Central office scheme in Birmingham from Miller Developments.
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Online
Downing Group secures £215m club deal
Liverpool-based property developer Downing Group has secured a £214.6m club deal with NatWest, HSBC UK and Barclays to fund the development of three student housing schemes in Coventry, Manchester and London.
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Online
Willis Towers Watson raises £1bn for secure income fund
Willis Towers Watson has revealed its Towers Watson Secure Income Fund (SIF) has reached £1bn of commitments as it launches a Euro-denominated equivalent.
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Online
Persimmon breaks £1bn annual profit barrier for first time
Persimmon has revealed its profits have topped £1bn and has appointed Dave Jenkinson as its new chief executive.
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Online
TCS posts half-year NAV fall as it swings to loss of £8.7m
Leeds-based developer Town Centre Securities has posted a 6% fall in net asset value (NAV) for the six months to the end of December.