All Property Week articles in 27 January 2023 – Page 2
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News
US meeting and events firm snaps up 16 etc venues
Convene, a US firm that designs, builds, and manages meeting, event, and flexible office spaces, has acquired UK-based etc venues for an undisclosed sum.
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News
Tate case ruling raises concerns over privacy ramifications for developments
A ruling by the Supreme Court in a landmark case over privacy rights will have ramifications for future developments, property lawyers have warned. The court ruled against Tate Modern in a dispute over a viewing platform that local residents argued was intrusive.
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News
Grosvenor signs first tenant for Mayfair scheme
Alternative asset management firm Hayfin has become the first occupier to sign for space at Grosvenor’s 65 Davies Street development in Mayfair, London.
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Online
ReSI reveals NAV fall
Residential Secure Income (ReSI) has reported a fall in net asset value (NAV) during the final quarter of the year.
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Online
NAV at UK Commercial Property REIT slumps 21.5%
UK Commercial Property REIT has revealed a sharp fall in net asset value (NAV) during the final three months of 2022.
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Online
Savills IM completes €3.6bn of deals in 2022
Savills Investment Management struck more than €3.6bn (£3.2bn) in private real estate equity deals around the world during 2022.
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Insight
Distrkt’s Camilla Topham on the not-so-dry January for hospitality
The market has never felt harder to predict. Early in January on a Tuesday evening I visited a West End foodhall and was astounded by how busy it was.
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News
Boxpark secures consent for Liverpool brewery site
The Boxpark Group is to open its first site outside London in Liverpool’s Baltic Triangle area, after receiving planning permission and signing a 15-year lease with Cains Brewery Village.
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News
Sigma Homes hires Susan Joseph as director of sales and marketing
West-Sussex based housebuilder Sigma Homes has appointed Susan Joseph as its first director of sales and marketing, based in the firm’s Horsham head office.
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News
Spacemade signs deals to open two London workspaces
Co-working specialist Spacemade has signed deals to open London sites in Fulham and Wandsworth, with CBRE Investment Management and a private investor respectively.
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News
Midlands industrial take-up down 33% year on year in 2022, says Knight Frank
Industrial take-up fell by a third to 15m sq ft in 2022 from 2021 levels, while investment fell 36% to £2.4bn, according to Knight Frank.
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News
Atenor gets green light for sustainable retrofit of City building
Belgian-based developer Atenor has received planning consent for its first UK development, a sustainable retrofit of Fleet House in the City of London.
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News
Industry calls on Gove for clarity over leaseholders pledge
Leaseholders and freeholders are calling for clarity from the government on their responsibility for building safety remediation works, following Levelling Up Secretary Michael Gove’s recent pledge to abolish the leaseholder system, and his launch of mandatory remediation contracts for developers.
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News
Edmond de Rothschild seeks to grow affordable homes fund to £500m
Investor Edmond de Rothschild Real Estate Investment Management is seeking to grow its fund for building affordable homes to £500m and to deliver 2,000 to 3,000 affordable homes across the UK.
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News
OakNorth Bank and ASK lend £41.5m for Southwark development
Lenders OakNorth Bank and ASK have provided developer Tailored Living Solutions with £41.5m for a 65,000 sq ft development in Southwark, London.
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News
Crest Nicholson is first UK housebuilder to gain SBTi net zero validation
Housebuilder Crest Nicholson has become the first UK firm in the sector to have its net zero target validated by the Science Based Targets initiative (SBTi).
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News
Shop vacancy rates falling but BRC warns on rate rise
Shop vacancy rates fell to 13.9% in the third quarter of 2022, 0.1 percentage points better than Q2 and 0.6 percentage points better than the same period last year.
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News
Property leaders predict life sciences will achieve best financial return for 2023
Almost half (47%) of British property company leaders believe life sciences will perform best in terms of financial return in the next 12 months, according to the British Property Federation’s Property Leader Sentiment Survey 2023.
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News
SRE acquires 55,000 sq ft Aberdeen office investment
Standard Real Estate (SRE) has acquired Caledonian House, a 55,000 sq ft office building in Aberdeen, for an undisclosed sum.
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Online
Pluto Finance appoints new head of lending
Pluto Finance has appointed NatWest’s former head of real estate lending Phil Hooper to the firm.