All Property Week articles in 27 July 2018 – Page 4
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Housing secretary calls on London mayor to revise housing plans
Secretary of state for housing, communities and local government James Brokenshire has called on the London mayor to revise the capital’s housing strategy in light of the recently published National Planning Policy Framework (NPPF).
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Blackrock completes £75m social housing debt issuance
Blackrock Real Assets has closed a £75m debt issuance by social housing and regeneration company GreenSquare Group on behalf of a third party.
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New partner to lead Glenny’s office agency team
Glenny has appointed former Colliers and Gerald Eve partner John Campbell as divisional partner to lead its office agency business covering London and the South East.
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Pbb Deutsche Pfandbriefbank finances £175m retail park deal
Pbb Deutsche Pfandbriefbank has provided a £107m loan to Korea’s Hana Financial Investments for the acquisition of Gallagher Retail Park in Wednesbury.
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Orchard Street buys City Fringe office
Orchard Street Investment Management has completed the acquisition of 80 Clerkenwell Road, in London’s City Fringe for £18.5m.
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China Vanke to buy 5% stake in Cushman & Wakefield
China’s largest real estate firm China Vanke has bought a 5% stake in Cushman Wakefield ahead of the advisory firm’s initial public offering.
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Hammerson shares see marginal price uplift
Hammerson shares rose marginally in early trading on Monday morning, increasing 0.2% to 510.9p.
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Investec lends Floreat a further £29m
Investec Structured Property Finance has agreed to lend Floreat Real Estate, £29.1m to reposition two multi-let office buildings in Bristol and Cardiff.
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COLG buys landlord insurance group
City of London Group (COLG) has bought insurance group Acorn to Oaks Financial Services (A2O).
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Springfield snaps up homes site in West Lothian
Springfield Properties has acquired a 400 acre site in West Lothian, Scotland, to develop 1,900-homes with a gross development value of more than £400m.
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South East office lettings see highest level in 10 years
A total of 122 office lettings were recorded in the South East in the first six months of 2018, making it the busiest first half year in a decade.
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Intu board quizzed over company’s rising LTV
Intu’s board faced a series of tough questions about the company’s high level of debt during its investor presentation yesterday.
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Linkcity gets green light for Canning Town scheme
Linkcity has been granted approval for the third phase of its Hallsville Quarter development in Canning Town.
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New housing minister Kit Malthouse confirmed for RESI Convention
Recently-appointed housing minister Kit Malthouse will deliver his first major public speech to the residential sector since his appointment at RESI.
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KKR and Urban Exposure form £165m JV to target 'mainstream housing'
Investor KKR has teamed up with residential development alternative lender Urban Exposure to launch a £165m joint venture focused on financing “mainstream housing”.
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WeWork takes space at Holborn Bars
WeWork has leased the entirety of the space at M G Real Estate’s 1 Waterhouse Square, also known as Holborn Bars.
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Wells Fargo considering Eastdil sale
US bank Wells Fargo is considering the sale of its Eastdil Secured real-estate division, according to a report in the Wall Street Journal.
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PATRIZIA acquires European Commission's Brussels office
PATRIZIA has acquired a €90m (£80m) Brussels office asset 98% let to the European Commission on behalf of a Swiss institutional investor.
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US and Canadian investors most widespread across UK
North American investors account for the most widespread commercial property buyers across the UK.
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Intu shares fall further after interim results
Intu’s shares continued to fall during Thursday after the troubled retail focused company announced a 6% downturn in its portfolio value as David Fischel announced he was stepping down as CEO.