All Property Week articles in 24 August 2012 – Page 2
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Online
Dublin’s Burlington Hotel on the block at 25% of 2007 price
Dublin’s well-known Burlington Hotel has been up for sale with a guide price of €65m to €75m, around a quarter of what it was bought for in 2007.
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Online
Hansteen reports flat NAV
Hansteen has posted a small decline in net asset value at the half-year stage after the adverse impact of the Euro’s depreciation wiped out portfolio valuation gains.
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Online
Cushman reports first half loss of $17.2m
Cushman Wakefield this afternoon reported a net loss of $17.2m in the first half of the year, despite an improved performance in the second quarter.
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Online
Lend Lease lodges Heygate application
Lend Lease lodged a detailed planning application last Friday for 235 homes in its £1.5bn Elephant Castle, SE1, regeneration scheme.
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Online
The Shard's restaurant line-up announced
Sellar Property has let the entire restaurant space at The Shard to two international operators, that will provide three restaurants and two bars.
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Online
John Laing Infrastructure Fund increases NAV by 7.7%
The John Laing Infrastructure Fund has increased its net asset value by 7.7% to £475.7m in the six months to 30 June.
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Online
Regus increases profits
Regus has reported a 7.6% increase in like-for-like revenue growth in the first half of the year, with mature like-for-like revenue growth of 2.6%.
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Online
Carlyle secures £125m development finance for Pure Student Living venture
Pure Student Living, a London-focused student accommodation brand formed in a joint venture between The Carlyle Group and Generation Estates, has secured £125m of funding for three developments.
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Online
Pears Group and DevSecs complete £103m Chrome purchase
Pears Group and Development Securities have completed their acquisition of the Chrome portfolio from NAMA for £103m, as tipped by Property Week.
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Online
Arndale plans agreed in principle
An application to extend the Arndale Centre in Eastbourne has been approved in principle by Eastbourne Borough Council.
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Online
Go ahead for Shropshire food store on appeal
Audley Avenue Business Parks has been given the go ahead on appeal for a food store development in Newport.
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Online
Henry Boot posts profit drop
The trading profit of developer Henry Boot was “in line with expectations” despite a drop to £4.1m in the first six months to June this year, according to its half year report.
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News
Singapore takes vacation
The Government of Singapore Investment Corporation is in talks to buy four US resorts for $1.5bn.
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News
Tech sector strong in Soho
M&G Property Portfolio has let its entire 1-5 Poland Street office in the West End to a tech business, as the technology, media and telecoms sector continues to drive London occupier activity.
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Insight
South-east performance stabilises vacancy rate
The national retail property vacancy rate remained stable at 14.6% in the second quarter, except in May, when it dropped to 14.5%. This equates to more than 23,000 shops lying vacant in Britain’s top 650 town centres.In the second quarter we visited 238 town centres and 79,203 shops for this ...
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Markets
Q+A: Morgan Lovell’s Monica Parker
Office design firm Morgan Lovell has appointed Monica Parker as head of workplace consultancy. Property Week quizzed her on her new role.
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News
The Property Lexicon
Resmezz 9 n. /r z m z/ The entertainment industry gave us razzmatazz and the property industry gives us resmezz. A noble attempt to create a jazzy term for mezzanine finance intended for the development of residential properties.See also: desmezz
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Insight
Let them sublet
Sir, Landlords’ reaction to their tenants’ applications for licences to assign or sublet are invariably intransigent, especially when the assignee or subtenant has a weaker covenant than their existing tenant.
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Markets
Vlessing plans US Pocket launch
Pocket, the London-based developer of “intermediate” housing — pint-sized flats for sale to London’s 25-to-40 year-olds — plans to develop in the US for the first time.