All Property Week articles in 26 October 2018 – Page 2
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Octopus raises £187m for healthcare fund
Specialist healthcare investor Octopus Healthcare has raised £187m for its evergreen UK care home fund.
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DRC Capital beats target to raise £700m for whole loan fund
DRC Capital has raised £700m at the final close of its UK whole loan fund, well above its target fund size of £500m.
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Clements and Smith form new leadership team for C&W valuation & advisory
Cushman Wakefield has formed a new leadership team for its UK valuation advisory business with the appointment of former Capita chief executive Karen Clements and promotion of Charles Smith to the new role of chairman.
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GPE JV completes TfL land buyback at Hanover Square
GHS, the 50/50 joint venture between Great Portland Estates and the Hong Kong Monetary Authority, has completed the land buyback from Transport for London at its Hanover Square development.
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Housebuilder shares boosted by Budget
Housebuilders were among the top risers on the FTSE 100 on Tuesday following the release of the Budget the day before.
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Angelo Gordon appoints new European net lease head
US investment giant Angelo Gordon has poached Paul Lewis from CBRE to lead its European net lease operations.
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Intu gives Whittaker consortium two weeks more to bid
Intu has given a consortium led by its deputy chairman John Whittaker a two-week extension to make an offer for the shopping centre owner.
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Dutch Dré joins Colliers from JLL
Dré van Leeuwen has joined Colliers International in the Netherlands from JLL Netherlands as its new head of capital markets.
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Mike Ashley buys Evans Cycles with plans to close 50% of stores
Evans Cycles has been bought by Mike Ashley’s Sports Direct as part of a pre-pack administration with plans to close half of its stores.
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Saracens score permission for £23m stadium redevelopment
Saracens Rugby Club and Barnet Council have been granted planning permission and secured funding for a £23m redevelopment of the Premiership Rugby champions’ Allianz Park stadium.
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NewRiver sells off pubs and fills out Whitefriars Shopping Centre
NewRiver REIT has sold off 22 of the pubs it acquired as part of Marston’s £90m Trent portfolio.
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AFH's property fund tops £110m
AFH Financial Group’s property fund portfolio has topped £110m, doubling its holdings since last year.
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Carlyle completes Carman's Hall PBSA buy from swift selling Crosslane
Crosslane Student Developments has completed a quick sale of its first Irish purpose-built student accommodation development, Carman’s Hall in Dublin, to alternative asset manager the Carlyle Group.
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CBRE puts 15 Fetter Lane on the market
British Steel Pension Fund has instructed CBRE to sell 15 Fetter Lane, an 85,000 sq ft office building in midtown.
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Tritax EuroBox continues growth with €82m German buy
Tritax EuroBox has continued its acquisition of continental European logistics assets with the €81.6m (£72.7m) purchase of budget retailer Action’s German logistics hub.
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Restaurant Group buys Wagamama for £559m and eyes expansion
The Restaurant Group has added to its UK restaurant chain holdings with the £559m acquisition of all 133 UK restaurants of Asian-themed chain Wagamama.
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Lok’n’Store shares climb following results
Shares in Lok’n’Store rose 9.36% on Monday to 409.0p after the storage company announced a 34% rise in pretax profit for the year to 31 July, off the back of a 6.6% rise in revenue.
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Letwin recommends new planning regime for large sites
Oliver Letwin has recommended that the government introduce a new planning regime specific to large sites that encourages more diversity of tenure, in the final part of his independent review of build-out rates.
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Government extends Help to Buy to 2023
The government has extended its Help to Buy Equity Loan Scheme until March 2023 but is limiting it to first time buyers and introducing regional caps, Chancellor Philip Hammond announced in today’s Budget.
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St Modwen agrees £75m post-Budget funding
St. Modwen has agreed a new £75m loan from Homes England’s Home Building Fund following the extension of the fund announced in the Budget.