All Property Week articles in 28 April 2023 – Page 3
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News
Greenlight for controversial 200-home development at Bristol zoo site
Plans for almost 200 homes on the site of Bristol Zoo Gardens have been approved despite significant local opposition, after council officers concluded that the scheme would help tackle the city’s housing crisis.
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News
General Projects and KKR secure two lettings in Heal’s building
Real estate developer General Projects and global investment firm KKR have signed two letting deals at The Manufactory in the Heal’s department store building on Tottenham Court Road in central London.
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News
Railpen boosts Cambridge portfolio with Coral Park acquisition
Railpen has snapped up Coral Park Trading Estate Cambridge, expanding the pension fund manger’s significant portfolio in the area.
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Weston Homes’ scaled-down £300m Norwich resi scheme finally approved
Planning permission has been granted for a scaled-down Anglia Square development from Weston Homes that will provide 1,100 homes in Norwich.
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Taylor Wimpey axes 450 staff as part of £19m cost-cutting plan
Taylor Wimpey has finished consultations with staff on a £19m cost-cutting plan that has seen it axe around 450 employees.
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HMV to return to original Oxford Street home
Music retailer HMV is to return to its first ever location, at 363 Oxford Street in London, having withdrawn from the site four years ago.
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City Corporation gives £73m towards Museum of London relocation
The City of London Corporation has committed £73m of funding towards the plans to relocate the Museum of London from the Barbican to a series of historic buildings at West Smithfield.
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News
UK healthcare investment volumes reach £2.4bn, says Knight Frank
Investment in the UK healthcare property market is showing strong growth, with transaction volumes reaching £2.4bn in 2022 and demand rising from domestic investors, according to a report by Knight Frank.
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News
Taylor Wessing re-signs for Landsec’s City of London HQ
Landsec has agreed a renewed lease with international law firm Taylor Wessing for 175,000 sq ft of office space at 5 New Street Square, which will also see the City of London building extensively refurbished.
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Good eggs vs bad apples
The most recent annual report issued by the Confederation of British Industry, for the year ending 31 December 2021, set out the principal risks faced by the CBI at the time.
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Property Week Digital Edition – 28 April 2023
Knight Frank chair William Beardmore-Gray on why D&I are at the heart of his five-year plan – New guidelines aim to help developers work better with the construction industry to get schemes over the line – UK cities take top three places in table of Europe’s highest office fit-out costs
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News
Knight Frank hires Hill as partner in shopping centres team
Knight Frank has appointed Ben Hill as a partner in the shopping centres team within its commercial property and asset management division, to work across the firm’s Leeds and Sheffield offices.
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News
IPUT and Aviva put Dublin B&Q shed on block for €26m
Irish property firm IPUT and Aviva Investors have put one of Ireland’s largest sheds, used by home improvement giant B&Q as a retail warehouse, up for sale with a guide price of €26m (£23m).
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News
Savills hires Hare for healthcare and senior living team
Savills has appointed Nicholas Hare as an associate in its healthcare and senior living team, based at the real estate adviser’s Margaret Street head office in central London.
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News
Canada Life Asset Management completes £148m debt financing to LXi REIT
Canada Life Asset Management has provided LXi REIT with a £148m loan to refinance a UK regional, mixed-use commercial property portfolio.
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News
British Land JV seizes ‘rare chance for reinvention’ with Canada Water office masterplan
British Land and joint venture partner AustralianSuper have grasped a “rare chance for reinvention”, unveiling their vision for a major office development at the old Grant Press printing site at Canada Water, central London’s last major unconverted industrial building.
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Landlords urged to sue over insurance costs
FCA reveals brokers are being paid ‘inflated’ commissions for building insurance.
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UK and German cities have Europe’s highest office fit-out costs
Key UK and German cities including London, Manchester, Hamburg and Munich are the most expensive European locations in which to fit out an office, reveals Cushman & Wakefield data, with UK cities in the top three spots.
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Insight
Gove’s cheap blast at social landlords not helpful
Editor: No doubt it was well intentioned, but housing secretary Michael Gove has played a dangerous hand in the social housing blame game. It was a cheap blast to accuse social landlords of neglecting their tenants, even as he shirked the suggestion that government cuts were partly to blame.
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BPF merger could help tackle real estate’s aversion to innovation
Industry figures say the amalgamation of the BPF and UKPA is positive for both sides and for the sector.
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