All Property Week articles in 24 October 2014 – Page 2
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Leeds office take-up boosted by market confidence
Office take-up in Leeds city centre in the third quarter of 2014 was 42% up on the same period last year, research from Leeds Office Agents’ Forum shows.
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Scottish business park to streamline planning approvals
Scotland’s first simplified planning zone (SPZ) has been approved with the aim of generating 2,800 jobs and up to £217m of income a year.
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Sheridan opens designer outlet stores
Australian retailer Sheridan has now secured its first four UK designer outlet stores, totalling 6,000 sq ft of space.
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Date confirmed for business rates revaluation
The government has announced 1 April 2015 as the valuation date for business rates assessments for 2017 onwards.
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Retailers urge Osborne to review business rates
Retailers have urged the chancellor to review the business rates system and extend the discounts the government has offered.
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Partridge portfolio under offer for £230m
Columbus Capital Management’s light industrial portfolio has gone under offer for around £230m.
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Redefine posts 4.9% NAV jump and record earnings
UK REIT Redefine International has recorded a 4.9% increase in net asset value in its results for the year to 31 August 2014.
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London Executive Offices grows portfolio with leasing of 94,700 sq ft
Serviced office provider London Executive Offices has boosted its portfolio in the capital with the acquisition and leasing of new space across six prime buildings.
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Hermes and CPPIB line up Cheapside House sale
Hermes and Canada Pension Plan Investment Board have bought Cheapside House, a 77,000 sq ft office building in the City of London, to the market for around £70m.
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Sainsbury's to open 102,730 sq ft superstore in Barking
Planning chiefs have given the go-ahead for a 102,730 sq ft Sainsbury’s superstore in Barking, east London.
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Colliers reveals record results
FirstService Corporation has reported record third quarter results, boosted by a strong performance from real estate agency Colliers International.
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Empiric secures RBS loan
Empiric Student Property has agreed a £35.5m term loan facility with The Royal Bank of Scotland (RBS).
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Fidelity buys Leicester distribution centre for £16m
The Fidelity UK Real Estate Fund has bought the 222,386 sq ft Pall-Ex Holdings distribution centre in Coalville, Leicester, for £16m, reflecting a net initial yield of 6.6%.
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Planning permission secured for £130m Heap’s Mill in Liverpool
The £130m refurbishment and redevelopment of one of the last remaining gateway sites in Liverpool’s southern docklands, which includes the listed Heap’s Mill complex, today received planning permission from Liverpool City Council.
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Schroder UK Property Fund secures Cornwall’s first Primark in Truro
Schroder UK Property Fund (SPF) has signed up high street retailer Primark for a flagship 50,000 sq ft store at Lemon Quay, its prime retail site in Truro city centre.
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Pickles blocks “lazy” Tesco tax
Communities secretary Eric Pickles has rejected “lazy” proposals for a so-called ‘Tesco tax’ which would have seen an 8.5% business rates levy on supermarkets in some local authority areas.
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MJ Gleeson announces restructuring plans and 101% increase in profits
Urban regeneration specialist MJ Gleeson has revealed plans to restructure the company, separating one of its subsidiaries from the rest of the group.
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British Land secures four lettings to Next
British Land has completed four separate lettings with fashion retailer Next, totalling more than 70,000 sq ft.
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London's prime residential land sales market slows
New residential research by Cushman Wakefield has revealed there has been a “tangible pausing” of activity in London’s prime residential land sales market as developers take stock of the robust activity at the start of the year.
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Klépierre to complete £5.7bn takeover of Corio in January
French shopping centre giant Klépierre has announced its takeover bid of Dutch group Corio, which begins on October 31, will complete on January 8.