All Property Week articles in 28 February 2020
View all stories from this issue.
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Online
easyHotel announces £11m fundraise
easyHotel has announced plans to raise £11m via a subscription and share issue.
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Online
Frederick Barclay threatens to sue family members if the Ritz sells for less than £1bn
Frederick Barclay has threatened to sue members of his family if The Ritz hotel is sold for less than £1bn, according to the Financial Times.
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Online
Otium Real Estate buys Wigan leisure park
Otium Real Estate has bought the Robin Leisure Park in Wigan on behalf of its Otium Leisure Ventures II Fund.
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Online
Moorgarth gains planning consent for scheme at Reading’s Broad Street Mall
Moorgarth Group has secured planning consent for a development at its Broad Street Mall shopping centre.
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John Lewis warns of store closures after poor results
John Lewis has warned that it may have to close stores after announcing a sharp fall in annual profits.
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New UK chief executive for BNP Paribas Real Estate
BNP Paribas Real Estate has announced that Etienne Prongué will become the new UK chief executive in July.
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Melburg buys 300,000 sq ft industrial park
Melburg Capital has completed the acquisition of the 300,000 sq ft Greenbank Industrial Park in Wigan in an off-market deal.
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Hines buys Grain House in Covent Garden for European fund
Hines has acquired Grain House in Covent Garden for its Hines European Value Fund 2 (HEVF 2).
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L&G Capital appoints new managing director of principal investment
Legal General Capital has promoted Jasan Fitzpatrick to managing director of principal investment.
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TradeRisks bought by alternative asset manager Gresham House
TradeRisks, the parent company of Residential Capital Management (RCM), which manages the Residential Secure Income fund, has been acquired by specialist alternative asset manager Gresham House. RCM will remain as the manager of the ReSI fund, with no change to the strategic direction of the fund.
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Online
CBRE appointed to sell Dublin’s Morrison hotel
CBRE has been appointed to sell The Morrison hotel in Dublin for a guide price of €80m (£69m).
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Online
German portfolio is star performer for CLS in 2019
LS has reported solid results for 2019 with the strong performance of its German portfolio helping to drive a 6.3% uptick in EPRA NAV.
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Capital & Regional portfolio value falls 15% in 2019
Capital Regional has reported a 15% fall in the value of its portfolio in 2019 with the group’s London shopping centres significantly outperforming those in the regions.
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Warehouse REIT to raise £100m via share placing
Warehouse REIT has revealed plans to raise £100m through a share placing to fund new acquisitions.
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Brighton & Hove City Council approves Moda Living build-to-rent scheme
Moda Living and its funding partner Apache Capital have been given the green light for a new build-to-rent scheme in Hove.
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Barking regeneration scheme secures planning consent for 379 new homes
Countryside and Notting Hill Genesis’ Fresh Wharf mixed-use scheme in Barking, east London has secured planning consent for phase two of its development.
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PRS operator Kooky to open first site in April
Kooky, the PRS branch of residential investor Delph Property Group, has bought its first building £22.1m.
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Coronavirus leads to confidence in real estate funds
Withdrawals from property funds continued to drop in February, as coronavirus fears led investors to store their savings in real estate vehicles.
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Royals’ prep school to expand as Thomas’s Battersea Square
The prep school of Prince George and Princess Charlotte is expanding after it bought the historic Royal Academy of Dance headquarters next door.
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News
M7’s Westlink reaches full occupancy with eight new lettings
M7 Real Estate’s Westlink Industrial Estate has reached full occupancy after eight new lettings adding up to 47,000 sq ft of space.