All Property Week articles in 24 February 2017
View all stories from this issue.
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Capita shares slump
Capita’s shares dropped on Thursday, after the outsourcer reported a bigger than expected drop in profits.
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Candys trial: brothers accused of tax evasion 'conspiracy'
Property tycoons Christian Candy and Nick Candy have been accused of conspiring to unlawfully evade “enormous sums” of tax in High Court proceedings today.
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New project manager for PBC
PBC have confirmed the appointment of Jonathan Grubb as new director of project management.
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Green light for UPP's £130m Hull accommodation proposals
Plans from University Partnerships Programme (UPP) for a new £130m student accommodation scheme at the University of Hull have received unanimous approval from Hull City Council.
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Network Rail retail sales rise for 19th successive quarter
Like-for-like retail sales at Network Rail’s managed stations grew by 3.7% between October and December 2016 - the 19 th successive quarter sales have risen for the group.
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CBRE GI invests in Oslo prime retail
CBRE Global Investors has acquired prime Oslo high street retail with the purchase of Karl Johans gate 12 from Norwegian Lights A/S.
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Barings to develop £100m Manchester office
Barings Real Estate Advisers has committed to speculatively develop Landmark Manchester, a £100m office development that sits alongside 1 and 2 St Peter’s Square, after acquiring it from Castlebrooke.
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AXA IM raises €8bn in 2016
AXA Investment Managers said it has raised €8bn (£6.86bn) of capital in 2016.
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Capita’s profit slumps 19%
Capita’s profit before tax fell 19% to £475.3m in 2016, compared to £585.5m in the previous 12 months.
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ENGIE buys out Keepmoat's regen business
Keepmoat Group has agreed a deal to sell its regeneration arm to energy and services provider ENGIE.
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Impact Healthcare REIT raises £160m
Impact Healthcare REIT has raised £160m to acquire the Seed Portfolio.
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Merlin Entertainment’s revenues up 11.7%
Merlin Entertainment’s earnings per share rose 9.3% in to £19.5m in 2016, while revenues were up 11.7% to £1,428m.
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London is the world capital for ultra-rich private investments
London is the top destination for ultra-high-net-worth-individuals (UHNWI), according to the Knight Frank Wealth Report 2017.
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CRH shares soar on Trump’s infrastructure plans
CRH’s shares were up 5.96% on Wednesday after Donald Trump announced he would ask Congress to approve a $1trn infrastructure bill.
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Hong Kong investors pour money into Oxford Street
Investors from Hong Kong have emerged as the largest group of overseas owners on London’s Oxford Street, according to analysis by Savills.
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Green Light for new Gloucestershire Uni business school
Planning permission has been granted for a landmark business school and growth hub building at the University of Gloucestershire’s Oxstalls campus.
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Colliers appoints chief executive in Germany
Matthias Leube has been appointed as chief executive of Colliers International in Germany.
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More than a quarter of global property deals involve private buyers
Commercial real estate remains an important asset class for private investors, with 27% of global transaction volumes attributed to private buyers in 2016.
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Supreme Court rules in favour of developer in landmark business rates case
Properties undergoing redevelopment or major refurbishment are to be exempted from business rates payments while work is carried out, according to a landmark Supreme Court ruling.
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CC Land exchanges on £1.15bn Cheesegrater buy
British Land and Oxford Properties have exchanged contracts for the sale of the Leadenhall Building to CC Land for £1.15bn.