All Property Week articles in 26 August 2011 – Page 13
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Segro lets 62,400 sq ft at Winnersh
Segro has let 62,400 sq ft in three deals at its IQ Winnersh business park in Berkshire.
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Blackstone closes in on £575m Mint deal
Private equity giant Blackstone is poised to undertake one of the biggest hotel deals in the world this year with the purchase of Mint Hotels for around £575m, propertyweek.com can reveal.
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Former Halliwells partners pursued for £21m
The administrators of bust law firm Halliwells have issued a £21m claim against 32 partners who took money out of the firm following a controversial property deal.
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Coolway makes UK debut
Coolway, the Spanish shoe and accessories brand, has acquired its first UK store on Oxford Street.
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Ikea doubles size of giant scheme by Olympic Park
Inter Ikea is closing in on a deal to buy 15 acres of land close to the Olympic Park for a 2m sq ft mixed use scheme.
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Prudential chairman appointed co-head of London Enterprise Partnership
Harvey McGrath has been appointed as co-chair of the London Enterprise Partnership by mayor of London, Boris Johnson.
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Bredale's major Salford scheme turned down
Bredale Developments’ plan to build a huge mixed-use scheme in Ordsall, near Manchester, containing two large towers has been refused, TheBusinessDesk.com reported today.
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Stanhope and Schroders get green light in Croydon
Stanhope and Schroders have received outline planning consent for their Ruskin Square scheme in Croydon.
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Axa Real Estate agrees to buy €132.9m hotels portfolio
Axa Real Estate Investment Managers has agreed to buy a €132.9m portfolio of French and Belgian hotels on behalf of an institutional company joint venture.
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Grosvenor and CPPIB launch £200m West End office JV
Grosvenor Fund Management and the Canada Pension Plan Investment Board have formed a joint venture to invest up to £200m in London’s West End office market over the next two years.
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Law Commission to review rights of light law
The Law Commission is to review rights of light legislation after the law was identified as ‘flawed and at risk of creating confusion and injustice,’ by legal professionals.
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Germans to fund £165m Manchester scheme
Allied London is close to obtaining £165m of funding for a 350,000 sq ft office block at Spinningfields in Manchester, in what would be a stunning speculative deal for the north-west.
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McDonald's to open biggest ever restaurant at Olympic Park
McDonald’s will open its biggest restaurant in the world at the 2012 Olympic Park.
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MWB confirms £87m Malmaison sale and leaseback
MWB has confirmed the sale and leasebacks of four Malmaison hotels for £86.8m as a means of reducing the firm’s debt.
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DTZ postpones bonuses and salary increases
DTZ this week told staff that any bonuses and salary increases they have earned will be paid in October and December rather than later this month for cash management reasons.
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CBI urges Unesco to resist "knee jerk" reaction to Peel Liverpool scheme
The CBI is urging Unesco to resist a ‘knee jerk’ reaction to Peel’s Liverpool Waters’ plans following news that the heritage organisation is threatening to withdraw the city’s World Heritage site status, TheBusinessDesk.com reported today.
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Leeds City Council to vote on KPMG regional HQ
Accountancy firm KPMG could move into a new regional headquarters on a key development site in Leeds city centre by 2015 if councillors agree heads of terms with the company at a key meeting, TheBusinessDesk.com reported today.
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L&G in talks to buy The Meadows for £58m
Legal General Property is in exclusive talks to buy The Meadows shopping centre in Chelmsford for around £58m.
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Co-op Bank loan to kick off £50m Coventry scheme
Co-operative Bank has agreed to finance Barberry Developments’ £50m plans for the former Royal Mail Sorting Centre at Bishop Gate in Coventry.
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DevSecs buys Essex sites out of receivership
Development Securities has bought two properties in Ilford and Abbey Wood from LPA Receivership, both of which it plans to redevelop into mixed use schemes.