All Property Week articles in 27 July 2018
View all stories from this issue.
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News
Countrywide shares crash on news of capital raise
Countrywide shares crashed 62.8% on Thursday to 18.5p after the company announced an emergency capital raising, heavily discounting its shares to 10p for the offering.
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Online
WSP makes Manchester move with First St pre-let
The Greater Manchester Property Venture Fund and Patrizia UK have secured engineering and professional services giant WSP as a tenant at No8 First Street in Manchester.
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News
Cheyne Capital closes £600m fund
Cheyne Capital has closed its fifth real estate fund, Cheyne Real Estate Credit (CRECH) Fund V – Opportunistic, at its £600m hard cap.
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Online
New land director among five hires for L&G's Inspired Villages Group
Legal General’s retirement scheme operator Inspired Villages Group has made five senior hires as part of its expansion campaign.
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Online
UK's first 'searchable and shoppable fashion store' signs for Covent Garden debut
Digital shopping app WhereWolf has signed for a pop-up space at St Martin’s Courtyard in Covent Garden to offer what it claims will be the first ever “searchable and shoppable fashion store”.
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Online
Rates rise expected to have 'limited impact' on commercial and resi markets
The Bank of England has announced a 0.25% interest rate rise to 0.75% in a move which sets the base rate to its highest level since 2009.
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Online
Walt Disney acquires $650m Hudson Square site for new NY HQ
The Walt Disney Company has agreed a deal to acquire 4 Hudson Square from Trinity Church Wall Street for $650m (£497m) to become the entertainment giant’s New York campus.
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Online
DRC hires Natalie Howard from AgFe
DRC Capital has hired Natalie Howard from AgFe as a partner, a week after announcing a major investment from Savills Investment Management.
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News
Munden leaves DCL to set up own consultancy
Tim Munden, head of the lease advisory team at Davis Coffer Lyons, is leaving the firm after 30 years to set up his own consultancy.
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Online
Cushman & Wakefield raises $765m in IPO
Cushman Wakefield has successfully raised $765m (£584m) in its initial public offering, giving the company a market value of $3bn.
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News
Countrywide shares tumble 50% on fundraising plan
Countrywide has revealed plans to raise £140m in a share placing to shore up its balance sheet.
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News
Harworth sells Yorkshire units for £15.8m
Harworth Group has sold all five of its built commercial units at its Gateway 36 Business Park in South Yorkshire, to a client of Mayfair Capital Investment Management for £15.8m.
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News
Capita shares crash 8.6%
Capita’s share price plummeted 8.61% on Wednesday to 148.05 p after the otusourcing company revealed a 59% fall in pre-tax profit on an underlying basis to £80.5m.
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Online
Aberdeen Standard's Euro Club sells WeWork-let Hanse Forum
German investor Warburg-HIH Invest has acquired a Hamburg office scheme from Aberdeen Standard Investments and Swiss Life Asset Managers’ Euro Club II fund.
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News
Regional REIT raises £50m through bond offering
Regional REIT has raised £50m through its retail bond offering launched last month .
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Online
RESIcast: Trailblazers - diversity and innovation in the property industry
Speaking ahead of this year’s RESI Convention , James Hyman, head of residential of Cluttons and Arya Taware, founder of FutureBricks, discuss diversity and innovation in the property industry with Blackstock’s managing director Andrew Teacher.
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Online
Brookfield buys US REIT Forest City Realty for $11.4bn
Brookfield Asset Management has agreed a deal to buy US real estate investment trust Forest City Realty Trust for $11.4bn (£8.7bn) through one of its real estate investment funds.
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News
C.banner exits HoF rescue deal
Hamleys owner C. banner has pulled out of plans to buy a controlling stake in House of Fraser.
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News
AEW sells two office assets from UK property fund
AEW UK Core Property Fund has sold two office assets in Uxbridge and Luton for £13.45m reflecting an initial net yield of 6.7% and 4.0% respectively.
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News
SEGRO redeems £210m of bonds
SEGRO has announced it is redeeming £210m worth of 6% bonds that were due in 2019 on 31 August.