All Property Week articles in 28 August 2015 – Page 2
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Online
Rent control plans in Scotland could take PRS market ‘back to square one’, SPF warns
Plans to introduce a power for local rent controls in ‘high-pressure’ rental areas in Scotland could deter investment in Scotland’s private rented sector (PRS) and curtail much-needed housing supply, according to the Scottish Property Federation (SPF).
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Online
Ashfield plans £80m Scotland scheme
Ashfield Land has bought a 64-acre site at Blackdog, five miles north of Aberdeen, for an £80m mixed-use development.
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Online
AEW buys Sutton shopping centre
Criterion Capital has sold its leasehold interest in St Nicholas Centre in Sutton to AEW for £71.6m, a yield of 6.49%.
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Online
Rockspring buys £45.1m Aberdeen office
Rockspring Property Investment Managers has purchased Annan House in Aberdeen for £45.1m from oil company EnQuest.
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Online
Facebook likes enormous West End pre-let
Tech giant Facebook is under offer to take an enormous office pre-let in the heart of the West End, Property Week can reveal.
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Online
Chinese firm buys in Canary Wharf
HNA Group has exchanged contracts to purchase the headquarters of Thomson Reuters.
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Online
Savills IM completes acquisition of SEB Asset Management
Savills Investment Management has completed the acquisition of German group SEB Asset Management.
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Online
Picton acquires Glasgow office
Picton, the property investment company, has acquired 180 West George Street, a multi-let office investment in Glasgow for £14.25m, reflecting a net initial yield of 7.8%.
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Online
Cornerstone appoints new finance and operations director
Cornerstone Real Estate Advisers Europe, a subsidiary of investment manager Cornerstone Real Estate Advisers, has appointed Rachel Arden-Davis as director, finance and operations pan-European funds.
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News
Prew becomes first leading analyst to call top of market
Leading real estate analyst Mike Prew rattled more than a few nerves this week with his grim evaluation of the prospects for property values and rents.
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Online
West End car park to come to market
LaSalle Investment Management is prepping a prime West End car park for sale, clearing the way for a commercial or residential development.
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Online
M&G confirms SSE's 186,000 sq ft Reading letting
M G Real Estate has confirmed one of the biggest lettings in the Thames Valley market for a decade with British energy company SSE leasing the entire 186,000 sq ft, Number 1, Forbury Place in Reading town centre.
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Online
L&G to sell Néstlé Tower
Legal General is set to sell the Néstlé Tower in Croydon in a £10m deal to Minerva.
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Online
M&G expects leisure sector growth spurt
Rising consumer spend will fuel further growth in the UK’s leisure sector, according to research published by fund manager M G Real Estate.
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Online
L&G gets green light for Brum scheme
Legal General Property (LGP) has secured planning permission for the refurbishment of Temple Court in Birmingham.
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Online
Harworth Group posts £51.3m profit
Harworth Group, the property regeneration specialist, has today announced profit before tax of £51.3m in its interim results for the six months ended 30 June 2015.
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News
Short could be sweet for Strettons in September
Strettons is predicting a shorter catalogue will drive sales at its 7 September auction - just as supply shortages have stimulated demand in the wider property market.
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News
UK land values on the up
The price of UK greenfield and urban development land has jumped in the second quarter of 2015, as market sentiment has improved following the Conservatives’ win in the general election.
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Insight
The key ingredients for occupier success
Expanding a commercial property portfolio means managing a complex mix of ingredients: sites, costs, suppliers, legislators and stakeholders of all sorts.
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News
Vocare set to move to new HQ in Newcastle
Urgent care provider Vocare has agreed a deal to move to a new headquarters at Sterling House in Newcastle.