All Property Week articles in 26 February 2016 – Page 2
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Permission granted for York Hotel du Vin
York-based developer S Harrison has secured planning permission to convert two Georgian listed buildings into a Hotel du Vin in Stratford upon Avon.
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Deutsche Pfandbriefbank boosts profits after flotation
Real estate lender pbb Deutsche Pfandbriefbank boosted pre-tax profits by 12% last year to €195m, according to its latest annual results.
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Clearbell sells Glasgow office stake to M&G
Fund manager Clearbell has sold its 50% interest in Glasgow office building 1 West Regent Street to M G Real Estate.
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Second letting for 2016 at The Shard
Digital marketing agency Jellyfish has signed a 9,017 sq ft lease at The Shard, the second letting at the skyscraper this year.
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Praxis buys former Egg HQ in Derby
Praxis has bought the former Egg banking headquarters in Derby from Helix Property Advisors for £11m, reflecting a net initial yield of 15%.
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Demand for property booming among private investors
Ultra-high net worth individuals now account for 25% of property investment volumes worldwide, according to analysis by Knight Frank.
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Graduating to the mainstream
Purpose built student accommodation (PBSA) in the UK is a fragmented market. There’s no IPD benchmark and only one listed company, Unite Group, with a demonstrable yield track record.
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Redefine buys stake in €1.19bn Polish group
Redefine Properties is set to buy a majority stake in Echo Prime Properties that values the real estate firm at €1.19bn (£930m) and boosts the South African company’s international footprint in Poland.
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MSCI appoints Valente to head of real estate
MSCI has appointed Jim Valente as global head of real estate.
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Dalata revenue soars 185% as firm records €28.5m profit
Revenue at Dalata, Ireland’s largest hotel operator, soared 185% up to €225.7m (£175.5m) last year as the firm reported a pre-tax profit of €28.5m.
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Regus shares climb after results
Regus shares reacted positively to the company’s full year results on Tuesday.
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Helical completes The Bower acquisition
Helical Bar has completed its acquisition of The Bower development in east London for £248m, the largest transaction in the company’s history.
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McAleer & Rushe secures funding for €40m Dublin student housing scheme
McAleer Rushe has signed a forward funding agreement with Threesixty Developments to build a €40m student housing scheme in Dublin.
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Saffery Champness finds new London HQ
Accountancy firm Saffery Champness has moved to its London office to 71 Queen Victoria Street in the City of London.
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JLL to market Victoria Square hotel
Bandstand Square Developments has appointed JLL Hotels and Hospitality to find an operator for a 190-bed four-star hotel in Woking.
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Clydebuilt buys Shawlands Shopping Centre
Clydebuilt Limited Partnership has bought Shawlands Shopping Centre in Glasgow from Shawlands Retail.
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Two appointments made to LaSalle’s debt investment team
LaSalle Investment Management has expanded its real estate debt investment and special situations team with the appointment of two directors.
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Savills appoints Aberdeen director
Dan Smith has been recruited by Savills to join as a director in its Aberdeen office.
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Triangle secures letting at 36 Dover Street
Triangle Investments and Development has achieved full occupancy at 36 Dover Street in the West End with a letting to Integration Management Consultancy.
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London tops annual real estate cost index
The cost of accommodating an employee in London is more than double that of Sydney, Los Angeles or Chicago, according to Savills’ latest Live/Work Index.