All Property Week articles in 23 February 2018
View all stories from this issue.
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Pension schemes commit £50m to Kames active value fund
Leicestershire County Council Pension Fund and the University of Liverpool Pension Fund have committed a combined £50m to Kames Capital’s UK Active Value Property Unit Trust II.
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Stirling Ackroyd New Homes teams with Dexters to target east London market
Estate agency Dexters has teamed up with Stirling Ackroyd New Homes to target the growing east London residential market.
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Barings in tune with Akademie Deutsche Pop purchase
Barings Real Estate has purchased a Munich office building that will act as the new home for Music Support Group (MSG) and the Akademie Deutsche Pop.
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Urban&Civic and Wellcome Trust picked for huge Hampshire scheme
Urban Civic and the Wellcome Trust have been chosen by Basingstoke and Deane Borough Council and Hampshire County Council to develop the first phase of Manydown, a new garden town near to Basingstoke which could deliver up to 3,500 residential units.
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Aberdeen Standard & British Land face greatest exposure from Toys R Us and Maplin administration
Aberdeen Standard Investments and British Land are the landlords which face the greatest exposure as a result of Toys R Us and Maplin falling into administration.
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Fidelity picks Politzer to lead real estate research
Fidelity International has hired Kim Politzer as director of research for its European real estate business.
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Vitol signs Nova’s largest deal yet
Energy and commodities company Vitol has taken 47,900 sq ft at Nova South on a ten-year lease – the largest deal to date at Landsec’s Victoria scheme.
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Forward funding in student digs market to remain ‘challenging’ in 2018
The market for forward funding in the student accommodation sector will remain challenging in 2018, according to a report from GVA.
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‘Department store for kids’ signs at Liverpool’s Metquarter
Kids Cavern, a ‘department store for kids’, has signed a deal with Queensberry to open a 15,000 sq ft store at the Metquarter shopping centre in Liverpool.
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Bovis profits plunge 26%
Housebuilder Bovis Homes has unveiled a 26% fall in annual pre-tax profits after the group was hit by higher costs that included payouts to customers unhappy with the quality of their homes.
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REIT move for UPP
Student accommodation provider UPP Group has converted to a UK Real Estate Investment Trust (REIT) with an International Stock Exchange listing.
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New EMEA director for Colliers International
Colliers International has appointed Mo Karim as a new EMEA director in charge of ’people transformation’.
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NewRiver REIT unveils debut £300m corporate bond
NewRiver has completed the transition to a fully unsecured balance sheet with the issuance of a £300m senior corporate bond.
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Yorkshire Bank backs Crosslane & Harrison Street’s Sycamore House
Yorkshire Bank has backed the joint venture between Crosslane Property Group and Harrison Street Real Estate with a development facility to support their purpose-built student accommodation development scheme in Leeds.
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A whole new world: major expansion of Disneyland Paris unveiled
Disney has announced plans for a €2bn (£1.78bn) multi-year expansion of Disneyland Paris adding three new areas that are based on Marvel, Frozen and Star Wars.
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LJ Real Estate expands into Yorkshire office market with Leeds buy
LJ Real Estate has expanded its portfolio into Yorkshire with the acquisition of its first property in central Leeds for close to £10m from Regional REIT.
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Duo of new investors for Urban Splash as its acquires SIG
Regeneration specialist Urban Splash has agreed terms to acquire modular offsite construction business SIG Building Systems and announced the investment of Channel 4 presenter George Clarke and WeBuyAnyCar founder Noel McKee in its modular business.
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New partner leads quartet of hires at Carter Jonas
Consultancy Carter Jonas has expanded its planning and development team with four new hires including David Churchill as partner in London.
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Prezzo prepares to close 100 stores
Restaurant chain Prezzo is set to close up to one-third of its 300 UK restaurants ahead of a potential Company Voluntary Arrangement (CVA).
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Capco bulk sells Earls Court flats for £66m
Capital Counties (Capco) has exchanged contracts with an international investor for the £66m sale of 49 apartments and 31 parking spaces at its Lillie Square joint venture at Earls Court a week after writing down the overall value of the scheme by £100m.