All Property Week articles in 26 November 2021 – Page 2
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RICS appoints Lord Bichard to lead independent review into governance and purpose
RICS has appointed Lord Michael Bichard to lead the independent review into the governance and purpose of the institution following its governance crisis.
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Hong Kong buyer to make debut with £190m Charles Russell Speechlys’ HQ buy
A Hong Kong buyer is set to make its UK debut by snapping up Charles Russell Speechlys’ headquarters at 5 Fleet Place for around £190m, Property Week can reveal.
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Boots MD slams landlords for covid response
Boots UK managing director Sebastian James has slammed a number of landlords who requested rent payments from the group during the pandemic.
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Fortwell lends Argo Real Estate and The Townsend Group £28.1m for Baltic Exchange redevelopment
Fortwell Capital has provided Argo Real Estate and The Townsend Group with a £28.1m loan to fund the redevelopment of London’s Baltic Exchange building.
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Logicor lets final unit at Widnes 108
Logicor has secured a new 10-year lease with a leading international packaging company at Widnes 108, taking the space to 100% occupancy.
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Barings offloads warehouses and nabs Richmond offices
Barings has completed on three UK transactions worth a total of £27.9m on behalf of a client.
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FORE Partnership and Amicala reveal net zero Bristol later-living scheme
Ethical investor FORE Partnership and extra care operator Amicala have unveiled plans to develop an £80m net zero senior-living facility on a former school site in Bristol.
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Scarborough Group makes promotion for development director
Developer and investor Scarborough Group International (SGI) has promoted Adam Varley to the role of development director to accelerate the group’s growth strategy.
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Get Living appoints new CFO
Build-to-rent operator Get Living has appointed Dan Greenslade as chief financial officer.
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UKCM nabs Gatwick warehouse for £25m
UK Commercial Property REIT (UKCM) has forward-funded £25m for three new warehouse units, known as Sussex Junction, which are currently under construction near Gatwick Airport.
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Muse Developments outlines sustainable strategy
Muse Developments has unveiled its sustainable delivery strategy.
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Sirius buys Stuttgart business park
Sirius Real Estate has paid €34.5m for a business park in Neckartenzlingen, near Stuttgart in Germany.
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Supermarket Income REIT buys Staffordshire Sainsbury's store
Supermarket Income REIT has paid £75.8m for a Sainsbury’s supermarket in Cannock, Staffordshire.
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Springfield buys Highlands housebuilder Tulloch Homes for £56.4m
Scottish housebuilder Springfield has struck a £56.4m deal to buy Thistle SPV2, the owner of Inverness-based Tulloch Homes.
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Man GPM invest £33m in Saltdean resi development
Man GPM has invested £33m in a residential development at Saltdean, Brighton, Property Week can reveal.
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Insight
Tesco Ireland acquires Joyce’s Supermarket portfolio
Tesco Ireland has acquired ten Joyce’s Supermarkets retail stores based in Galway. The acquisition is subject to the approval of the Competition and Consumer Protection Commission (CCPC).
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Royal Ashton Hotel changes hands
The Royal Ashton Hotel in Taunton has been sold to hospitality management operator HOST RHM.
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Sainsbury’s teams up with Amazon for new contactless store
Sainsbury’s has become the latest supermarket to open a checkout-free store – launching a new retail concept at Holborn Circus using Amazon’s ‘Just Walk Out’ technology.
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WeWork’s 120 Moorgate goes under offer to Singaporean investor
A Singaporean investor has gone under offer to buy WeWork’s 120 Moorgate for around £148m, which would reflect a yield of 4.75%.
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Edelman pre-lets Victoria’s Francis House
Edelman has exchanged contracts with Derwent London to pre-let all 38,200 sq ft of Francis House SW1 in Victoria.