All Property Week articles in 24 October 2014 – Page 3
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MartinCo secures £5m loan to fund expansion programme
MartinCo, the AIM-quoted property lettings and investment business, has secured a £5m five year loan facility to fund an acquisition programme.
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Lloyds to close 150 branches
Lloyds Banking Group has announced the closure of 150 branches as the government-backed bank looks to cut £1bn of costs and replace 9,000 staff with digital technology over the next three years.
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Battersea Power Station secures £1.35bn debt facility
Battersea Power Station has announced the closure of a syndicated debt facility totalling £1.35bn.
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Paul secures first non-London store
French artisan bakery and patisserie Paul has expanded out of the capital with a site in Oxford.
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Former ITV site in Manchester to be transformed into new neighbourhood
A new neighbourhood on ITV’s former Quay Street site in Manchester will be considered by planning chiefs on Wednesday.
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Aeriance reports on busy quarter of lending
Aeriance Investments has provided £50m of real estate loans in the third quarter and indicated that appetite for debt was showing no signs of abating in the last three months of the year.
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Image gallery: Architects, designers and artists present views around The Shard
A charity auction of artwork depicting scenes around central London is to take place at The Shard.
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Workspace wins partnership with Flybe
Shared office space provider Workspace Group has announced a new partnership with airline the Flybe Group.
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Pinsent Masons makes nine real estate appointments
Pinsent Masons, the international law firm has injected new talent into its real estate team with nine new senior appointments.
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CBRE GI buys £21m Doncaster service station
CBRE Global Investors has bought Doncaster North Services for £21m –reflecting a 6.3% net initial yield.
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Ultra-rich Africans spend £600m on London homes
Ultra-rich Africans have been scooping up homes in London’s top residential areas, splashing out more than £30m in some individual cases.
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Thames Valley office market returns to "normality"
The Thames Valley office market returned to normality in the third quarter following the volatility of the previous 18 months, the latest market snapshot from Lambert Smith Hampton indicates.
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Orchard Street buys Bristol industrial estate
Orchard Street Investment Management has bought Rockingham Gate in Cabot Park, near Bristol for £10.7m, reflecting a net initial yield of 5.95%.
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Plans in for 614-flat PRS scheme in Salford
Amstone Developments has lodged plans for a 614-unit private rented sector (PRS) scheme in Salford Quays.
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HS3 in the north gets government backing
The government has given its backing to develop High Speed 3 – a new rail link connecting northern cities.
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ECB finds banks underestimated non-performing loans
The ECB’s Asset Quality Review has found that Europe’s banks have underestimated their non-performing loans by 18% or €136bn.
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LaSalle in £33.5m student housing acquisition
LaSalle Investment Management has purchased a student housing block in the heart of Bristol for £33.5m.
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Jamie Oliver given go-ahead for pub and restaurant in King’s Cross
Jamie Oliver’s plans for a new pub and restaurant in King’s Cross have been given the go-ahead by Camden Council.
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L&G signs cinema operator to Arndale Centre
Legal General Property has agreed the operator of a multiplex cinema on its new £85m extension to the Arndale Centre in Eastbourne.
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Dragonfly recruits investment manager
Dragonfly Property Finance has recruited Dominic Gibson to its commercial property team.