All Property Week articles in 27 May 2022 – Page 2
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News
UK housing supply rising again after months of low supply, says Knight Frank
Housing supply is at last starting to rise, with a 19.2% increase in the number of new listings in England and Wales between January and April, following a “vicious circle” of low supply affecting the UK residential market in recent months, according to research from Knight Frank.
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News
Draycott sells Cardiff PBSA asset for £19.4m
Draycott Group has sold Cardiff PBSA block City Heights for £19.4m to 90 North Real Estate Partners and Rasameel Investment Company, in a deal reflecting a net initial yieldof 5.85%.
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News
Panattoni puts in plans for Crawley logistics scheme
Panattoni has submitted plans for a 199,672 sq ft speculative, last-mile logistics development in Crawley to Crawley Borough Council.
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Online
Help to Buy deadline brought forward to October
The government has confirmed it will bring forward the deadline for Help to Buy applications by two months.
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News
Octopus Investments buys South East housebuilder from Cheyne
Cheyne Capital has sold its majority shareholding in Elivia Homes to funds advised by Octopus Investments.
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News
Oxenwood snaps up Manchester logistics park for £19m
Oxenwood Real Estate has acquired a multi-let logistics estate near Manchester for £19m.
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News
Fiera and Wrenbridge snap up logistics development in Portsmouth
Fiera Real Estate and Wrenbridge have acquired a 4.5-acre site in Portsmouth to develop a 110,000 sq ft industrial scheme with a GDV of £33m.
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News
Boreal IM and Cadillac Fairview JV deploys €250m in debut European logistics deals
Boreal IM and Cadillac Fairview have purchased the Nucleus Estate in Park Royal, West London and an estate within the Port of Rotterdam for a combined total of €250m (£212.8m).
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Online
Brookfield sells Student Roost to Greystar and Singapore sovereign wealth fund
Singaporean sovereign wealth fund GIC and US student developer Greystar have won a bid to acquire student housing giant Student Roost from Brookfield, in a deal worth more than £3.3bn.
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Online
M&G lets more than 200,000 sq ft at City high-rise office scheme
International law firm Kirkland & Ellis has agreed a pre-let for office space at M&G Real Estate’s landmark 40 Leadenhall development in the City of London.
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Online
Nuveen Real Estate launches its first pan-European debt strategy
Investment giant Nuveen Real Estate has completed the first close of its fourth debt strategy in the European commercial real estate debt series, having secured around €150m (£128m) in initial commitments.
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Online
Hammerson appoints Tinsley as director of marketing and placemaking
Hammerson has appointed Sarah Tinsley as director of marketing and placemaking, to help attract tenants to its shopping malls.
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Online
Chestertons boss to head Foxtons as Budden leaves with immediate effect
Nic Budden has stepped down as chief executive of London estate agent Foxtons with immediate effect with Chestertons’ Guy Gittins set to step into the top job in September.
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Online
NAV and European logistics portfolio value rises in first quarter at abrdn
Net Asset Value (NAV) at abrdn European Logistics Income rose 1.9% in the first three months of 2022.
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Online
Capco and Shaftesbury extend merger talks deadline
Capital & Counties Properties (Capco) and Shaftesbury have extended the Stock Exchange deadline by which a formal offer must be made on their £3.5bn merger.
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Online
A ‘double bill’ of government reforms
Queen’s Speech heralds forthcoming changes in the Levelling-up and Regeneration Bill and the Economic Crime and Corporate Transparency Bill.
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News
BidX1 sees brisk pre-sale activity at May auction
London residential lots took centre stage in pre-auction sales at BidX1’s 26th May online sale.
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News
Law firm Seddons promotes property specialists
West End law firm Seddons has made two promotions to partnership in its real estate department and an additional lateral partner appointment.
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Insight
UK office occupancy hits post-Covid peak
The number of people returning to work in the office in the UK increased marginally last week, with the average office occupancy rate standing at 28.1% - the highest level since the start of the pandemic, according to management consultancy Remit Consulting.
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News
Prongué hired as MD of Linkcity UK
Linkcity UK, the London-based development arm of French industrial group Bouygues, has appointed Phillippa Prongué as managing director.