All Property Week articles in 28 June 2013 – Page 4
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Retail administrations and affected stores drop in first half of 2013
The number of retail administrations in the first half of the year fell by 30%, despite a flurry around the June quarter date, research by Deloitte has found.
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Grand Designs’ McCloud seeks investment
Grand Designs’ presenter Kevin McCloud has launched a crowdfunding campaign to raise £1.5m to grow his company Hab Housing’s business in the custom build market.
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St James buys £100m White City site
St James, part of the Berkeley Group, has acquired a 10-acre site in White City, London, from Marks Spencer for around £100m.
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Hammerson submits detailed Leeds plans
Hammerson has submitted a detailed planning application for the Victoria Gate retail scheme in Leeds.
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Mayor launches affordable homes portal
The Mayor of London has launched a new property portal intended to help Londoners find affordable homes.
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Knight Frank: Central London Retail - Summer 2013
Central London retail rents remain under upward pressure in select locations, notably the main thoroughfares of the West End.
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Jersey company makes Heathrow industrial buys
Le Masurier has acquired the freehold interest in a two unit warehouse in West Drayton, Heathrow for £6.3m, reflecting a net initial yield of just under 6.7%
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West End transforming into residential quarter
London’s West End is being transformed into a residential quarter, but the cost of developing one London home is now equivalent to five or six new homes outside the capital.
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Puma Hotels extends £323m debt
Puma Hotels has extended its £323m senior debt facility with the Irish Bank Resolution Corporation.
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Lend Lease starts first 500 Elephant & Castle homes
Lend Lease has started construction of the first 500 new homes in the regeneration of Elephant Castle.
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Pub and restaurant chain in £300m sale
One of Britain’s biggest pub companies, Orchid, has been put up for sale for up to £300m.
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Redefine takes control of a London office block, petrol stations and Kwik Fit portfolio
Redefine International has bought the remaining minority interests in Newington House, Ciref Malthurst and Trito Kwik-Fit for £2m.
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Kier agrees £46m Bell Green retail park deal
Kier Group has sold its assets in Bell Green Retail Park, Sydenham to another part of the business for £46m.
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Puma Hotels extends £323m debt
Puma Hotels has extended its £323m senior debt facility with the Irish Bank Resolution Corporation.
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IBRC-entangled Calton Square deal completes
GLL Real Estate Partners has completed its purchase of Calton Square in Edinburgh, 10 months after it initially went under offer.
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Segro and PSP Investment launch €1bn joint venture
Segro and Public Sector Pension Investment have set up a €1bn logistics property joint venture to manage assets in Continental Europe.
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Brookfield hands over final payment for Hammerson offices
Hammerson has completed its £518m deal with Brookfield Office Properties to sell two key London offices.
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Zakay’s Topland boosts rental income
Topland Group has increased its rental income by £1m in the past six months.
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Sports Direct enters Tesco talks
Sports Direct is in talks with supermarket giant Tesco to lease surplus space at some of its biggest stores.
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M&G fund to finance new London homes
M G Investments has struck a deal with developer Willmott Dixon and housing association Poplar Harca to fund 233 homes in East London through its secured property income fund.