All Property Week articles in 27 March 2015 – Page 2
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Thames Valley office vacancies fall to 11%
Vacancy rates in the Thames Valley office market have fallen to 11%, their lowest level since 2002, according to research by Colliers International.
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Labour to cut rates for small businesses
Ed Balls has said Labour would reverse the government’s planned corporation tax cut to fund a reduction in small business rates.
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Facebook doubles Euston home
Booming social media platform Facebook has agreed a deal to double its presence in British Land’s Regent’s Place.
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CBRE buys US group for $1.475bn
CBRE is to acquire the Global WorkPlace Solutions (GWS) business of Johnson Controls, in a $1.475bn (£1bn) deal.
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Five schemes in running for best development of past 20 years
Five developments have been shortlisted following a public vote for Property Week’s most innovative development of the last 20 years.
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Kingfisher to close 60 B&Q stores
DIY retailer Kingfisher is to close 60 B Q stores in the UK and Ireland in a bid to reverse declining profits.
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EY takes 15-year lease at Two St Peter's Square
EY has agreed a 15-year lease on three floors of office space at Mosley Street Ventures’ Two St Peter’s Square in Manchester.
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Inland Homes sees pre-tax profit rise 68%
Inland Homes has posted strong half-year results with revenue, pre-tax profit and net asset value per share all up year on year.
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Schroder proposes entry into UK REIT regime
Schroder Real Estate Investment Trust is set to apply for entry to the REIT regime, and become resident in the UK for tax purposes.
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Helical Bar goes on £44m acquisition spree
Helical Bar has acquired £44.3m of new assets across a number of transactions, including a £6.3m buy in Shorditch, London.
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Grainger CEO announces departure as new chairman appointed
Andrew Cunningham, chief executive of residential investment group Grainger, has revealed his intention to step down in February 2016, after seven years in the role.
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Town Centre Securities is top riser
Town Centre Securities shares responded positively on Monday to a progress report on schemes at the Merrion Centre and the announcement of £4.48m of acquisitions at a Leeds business park.
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First Property shares jump 14% in two days
First Property shares have rocketed after the group announced the sale of the final two properties in its office to residential conversion fund.
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Time Retail continues recruitment drive by poaching CBRE man
Matt Cassell, CBRE’s current head of shopping centre leasing, is to join Time Retail Partners, the new retail property advisory business launched earlier this month, Property Week can reveal.
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Westminster gives green light to Berners Street redevelopment
The Berners-Allsopp Estate has secured planning permission for a seven-storey office and retail scheme on Berners Street in Westminster.
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TH Real Estate wins planning permission for Commonwealth House revamp
TIAA Henderson Real Estate has secured planning permission for its redevelopment of Commonwealth House, on the corner of New Oxford Street and High Holborn, London.
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Tiger roars into new stores after profits boost
Homeware retailer Tiger is set to open three new stores in London and the south east in the coming weeks, as its latest trading results show pre-tax profits for the area almost doubled this year.
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West End retailers set to be hit by 80% rates hike
Retailers on London’s West End shopping streets are set to be hit by increases to their business rates bills of up to 80% thanks to the next business rates revaluation, according to research by Gerald Eve.
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Carlyle sells £308m Bankside Quarter site
Two office buildings on London’s South Bank have been sold by the Carlyle Group for £308m to a development consortium which plans to build a 1.4m sq ft mixed-use scheme.
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Hammerson takes control of Martineau Galleries
Hammerson has acquired the remainder of the Martineau Galleries in Birmingham, giving it total ownership of the development opportunity.