All Property Week articles in 22 July 2016 – Page 2
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Online
Saudi's table £1bn Grosvenor House bid
A consortium of Saudi wealth funds have tabled a $1.3bn (£1bn) bid for the Grosvenor House hotel plus majority stakes in two New York hotels.
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Online
Record amount of Midlands industrial space let in H1
A record amount of industrial and logistics space was let in the Midlands in the first half of the year.
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Online
Hong Kong investor snaps up London Travelodge for £42m
YT Realty Group has bought the Travelodge hotel in Liverpool Street from Full Moon HoldCo for £42m.
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Insight
Expect the unexpected in the second half of the year
The first six months of 2016 were challenging for the quoted real estate sector, ending a fantastic run of out-performance against the wider equity markets.
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Online
Two signings mean Hammerson’s Victoria Gate development is 74% pre-let
Hammerson has signed two more brands to its £165m Victoria Gate development in Leeds.
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Online
Helical drops the Bar from its name
Helical Bar has dropped the second half of its name, and will now be known simply as Helical.
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Online
Investec redeploys one fifth of capital into student accommondation and care homes
Investec Wealth Investment has redeployed one fifth of its capital from conventional property investments to non-traditional property, including student accommodation, over the past 18 months.
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LaSalle agrees £110m loan to fund Finsbury Park development
LaSalle Investment Management has agreed to extend a £110m loan to fund City North, Telford Homes’ mixed-use development in Finsbury Park, London.
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Online
Prologis leases 240,000 sq ft to Chinese e-commerce firm at Dunstable
Prologis has agreed a 240,000 sq ft lease to Chinese e-commerce firm 4PX at its industrial park in Dunstable.
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Online
Capco's finance director to join SEGRO in new year
Capital Counties’ finance director Soumen Das is leaving the firm to join SEGRO as chief financial officer.
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Online
Poundworld signs in Torquay
Addington Capital has signed up Poundworld as a new tenant at its Union Square Shopping Centre in Torquay.
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Online
CBI data contributes to FTSE 100 fall
Data showing a fall in business confidence contributed to the FTSE 100 closing down 20.35 points yesterday
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Online
Capco reports £200m write-down at Earls Court
The value of Capital Counties’ Earls Court estate has been written down by £200m to £1.2bn and the slow rate of sales of its luxury flats has continued.
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Online
Mercer closes second fund at £235m
UK property investment firm Mercer has closed its second fund, having reached an above-target £235m.
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Online
Hansteen acquires final shares in AIF
Hansteen has gained 100% ownership of the Ashtenne Industrial Fund by buying the remaining 86.5 million units for £39.5m and announced a £330m refinancing.
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Online
Unite poised to benefit from Brexit uncertainty
Student property developer Unite Group has reported increased earnings, NAV and dividends in its half-year results, and says it is poised to ‘benefit from opportunities’ that arise from Brexit uncertainty.
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Online
Rental income up 4% at Segro
Segro has reported 4.1% like-for-like growth in net rental income in half year results and remains ‘optimistic’ about the industrial market post-Brexit vote.
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Online
Applications to build new stores drop by 9%
The number of applications to build new retail stores has fallen 9% in the past year.
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Bruntwood announces £60m science park extension
Developer Bruntwood has announced a £60m extension of its Citylabs science park in Manchester, in a joint venture with the Central Manchester University Hospitals NHS Foundation Trust (CMFT).
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Online
LaSalle makes London Bridge letting
LaSalle Investment Management has signed British Retail Consortium (BRC) at Two London Bridge.