All Property Week articles in 22 January 2021
View all stories from this issue.
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Online
Application submitted for 2.45m sq ft mixed-use scheme
A planning application has been submitted for 2.45m sq ft of business, warehouse and industrial space at the Gateway 14 site in Stowmarket, Suffolk, adjacent to Junction 50 of the A14.
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Flood of business rate appeals could take years to clear, warns Gerald Eve
Hundreds of thousands of business rates appeals have been started since April last year, with experts now warning that the backlog could take almost two decades for the government to sift through.
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Charles Tyrwhitt warns of more store closures
The co-founder of menswear retailer Charles Tyrwhitt has warned that more store closures are likely as a result of the cost pressures brought about by the pandemic.
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Kinetic Capital provides £34m for Coventry PBSA scheme
Kinetic Capital has completed a £34m facility to Cassidy Group for a student accommodation development.
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Fora opens new West End flexible workspace
Flexible workspace provider Fora is expanding its London portfolio with a new space in Fitzrovia.
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Overseas investment in UK CRE market hits 50%
Overseas investors accounted for half of all investment in the UK commercial property market in 2020, its highest level ever.
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Canada Life AM commits £26.5m for hospital car park
Canada Life Asset Management has committed £26.5m to develop an 1,000 space car park for the NHS in Southampton.
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Ingenious Real Estate Finance agrees £19m facility for Leeds development
Ingenious Real Estate Finance has agreed a £19m facility to fund 120 units at a development in Leeds.
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AEW fund acquires estate and Debenhams store for £20m
AEW UK Core Property Fund has acquired an industrial estate and department store for just over £20m.
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Leeds office activity halved in 2020
Occupier take-up in Leeds city centre reached 337,446 sq ft in 2020, a 55% decrease compared with the previous year, according to new research by the Leeds Office Agents’ Forum.
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Tritax Big Box on track for 100% rent collection
Tritax Big Box REIT continued to enjoy the strong performance of the logistics sector in its fourth quarter, with rent collection at 99%.
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Workspace Group reports “resilient demand” for space and collects 91% of rent
Workspace Group has reported “resilient” customer demand and collected 91% of rent due for the period.
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A quarter of retail tenants forecasted not to pay rent at Q1 end
A quarter of retail tenants will struggle to pay rent or refuse to pay rent at the end of the first quarter of 2021, once the government’s moratorium ends at the end of March, according to research by Remit Consulting.
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Retail landlords see share prices surge in Q4 2020
Four of the biggest UK retail landlords saw a surge in share price for the three months to December 31.
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Janus Henderson to end property fund suspension after nearly a year
Janus Henderson will re-open its property fund at the end of February, almost a year after it suspended dealings due to the pandemic.
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Vintage to acquire Corfe Wealth Management
Vintage Wealth Management, part of the Vintage group of companies, has bought Surrey-based Corfe Wealth Management as part of its ongoing growth strategy.
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Metrocentre Security appoints non-executive director
The boards of Metrocentre Security Group have nominated Tim Haden-Scott to join as a non-executive director.
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Nexus secures planning permission for vertical extension
Nexus Planning has secured planning for a residential block in Wandsworth, in one of the first permissions for a vertical extension through the new permitted development rights announced in the planning reform last year.
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Romulus completes £55m refinancing with Helaba
Real estate developer Romulus has completed a £55m five-year refinancing with German bank Helaba.
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Atrato Group brings in four new hires
Atrato Group, an alternative asset management and advisory group specialising in asset backed income strategies, has brought in four new hires across compliance, fund finance and fund management.