All Property Week articles in 27 March 2015
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DAMAC buys £600m 'Jenga' tower
Middle Eastern developer DAMAC has bought the ‘Jenga’ tower development in Nine Elms for around £600m.
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Rents rise faster than prices in London's prime housing market
Rents are growing faster than house prices in the prime central London market, according to research by Knight Frank.
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Barratt in talks with Royal Mail over Nine Elms site
Barratt Developments has emerged as a potential buyer for one of Royal Mail’s largest property assets, close to Battersea Power Station.
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Property heavyweights sign Telegraph letter backing Tories
Major figures from the property and construction industries are among more than 100 business leaders to sign an open letter to the Telegraph backing the Tories in the upcoming election.
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Catalyst wins planning for Manchester office refurb
Catalyst Capital has secured planning permission for the refurbishment of a grade-II listed office building in Manchester city centre.
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Unite shares fail to budge despite positive valuations
Unite shares dropped a fraction on Wednesday even though its latest valuations its unlisted funds showed significant yield compression.
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Allied London raises £100m for No. 1 Spinningfields
Allied London has secured a £100m funding package to develop its 300,000 sq ft No.1 Spinningfields scheme in Manchester.
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Tristan Capital Partners makes £70m buy at Westfield Stratford
Tristan Capital Partners has made its first acquisition for its Curzon Capital Partners IV fund with the purchase of No. 1 Stratford Place for £70m from Westfield.
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M&G lands on £72.6m Glasgow office deal
M G’s Property Portfolio fund has bought the Aurora Building in Glasgow for £72.6m in an off-market deal.
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Pocket crowdfunds £1m for London housing schemes
Housing developer Pocket has raised more than £1m from small and medium investors since launching a crowdfunded bond a month ago.
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Legal & General provides £50m housing loan
Legal General has provided a £50m four-year loan to Chorley Community Housing to build 814 homes in the next three years.
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Development corporation launched for Old Oak Common and Park Royal
London mayor Boris Johnson has launched the Old Oak and Park Royal Development Corporation which will aim to build up to 24,000 homes.
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Valad Europe bought by Cromwell
Australian investor Cromwell Property Group has completed its acquisition of Valad Europe from Blackstone for £105m (€145m).
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Study finds deferred business rates revaluation will hit regions hard
The government’s decision to defer a revaluation of business rates until 2017 is likely to cost companies in the north of England and the Midlands around £2.3bn, according to Bilfinger GVA.
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Delancey forms JV with LRC at Royal Mint Court
Delancey has formed a joint venture with LRC Group to redevelop the Royal Mint Court office campus next to the Tower of London.
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Cheesegrater lets floor to New York IT group
IPsoft, the IT systems group, has signed up to take a floor at The Leadenhall Building in the City of London.
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Unite reveals 4.3% rise in property value
Unite has announced a 4.3% rise in the value of the Unite Student Accommodation Fund’s portfolio during the first quarter of 2015.
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CBRE shares jump 5% on acquisition news
CBRE shares jumped more than 5% in early trading in New York on Tuesday as investors gave the thumbs up to its $1.475bn acquisition of Global Workplace Solutions.
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Secure Income REIT sells New Hall Hospital for £49.8m
Secure Income REIT has sold the freehold of a private hospital in Salisbury to clients of LaSalle Investment Management for £49.8m, reflecting a yield of 5.3%.
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Starwood sells Shoreditch Ace Hotel for £150m
Starwood Capital Group has sold the Ace Hotel in London’s Shoreditch for £150m.