All Property Week articles in 28 October 2011 – Page 4
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Parkridge and Industrious creditors braced for £250m hit
PWC plans how to recoup cash from Parkridge Holdings following collapse. Mike Phillips reports
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Axa axes €2.5bn fund . . .
Investors cash needs and eurozone debt crisis blamed as fund forced to close
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Staff fate key to €1bn sale
The fate of staff at the company set up to manage Santander’s €9bn property portfolio is key to one of Europe’s largest ongoing property sales.
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Aberdeen's oil boom fuels 300,000 sq ft of office prelets
Three prelets are about to be agreed at a business park on the outskirts of Aberdeen, as North Sea oil continues to buoy the local economy.Drum Property Group is to develop headquarters buildings for three oil services and energy occupiers at its Prime Four business park in Kingswells, to the ...
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CBRE profits jump despite global uncertainty
Global profits rose 12% to $64m in the third quarter for CBRE, in spite of the financial uncertainty created around the world because of sovereign debt issues.
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Chelsea Football Club loses bid to buy Stamford Bridge freehold
Chelsea Football Club has lost its bid to buy the freehold of its Stamford Bridge stadium.
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Quidnet buys £37m Treaty Centre as its first purchase
Quidnet Capital Partners, with financial backing from US-based private equity investor Angelo Gordon Co, has bought its first asset after exchanging to buy the Treaty Centre in Hounslow, West London, for just over £37m.
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MORNING AFTER: Stars come out for Candy & Candy book launch
Candy Candy hosted a celebrity-packed party at the Halcyon Gallery in Mayfair last night to launch the interior design firm’s Art of Design book.
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Mortgage group Paragon buys RBS loan portfolio
Mortgage group Paragon has expanded its business with the acquisition of a £43m portfolio of unsecured consumer loans from The Royal Bank of Scotland, TheBusinessDesk.com reported today.
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Apartments planned for Everton tower blocks
Wirral-based developer Middle England Developments has started work on the transformation of a a pair of tower blocks in Everton, TheBusinessDesk.com reported today.
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Leeds landmark to be converted into apartments
A Leeds city centre landmark is to be transformed into more than 80 apartments and offer a retail unit and gym after being acquired by a Yorkshire developer, TheBusinessDesk.com reported today.
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Ernst & Young lining up for Luminar administration
Ernst & Young is being lined up as the administrator for Luminar Leisure, which is expected to go into administration today.
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Resi conversion for Property Week HQ
Carlyle Group is planning to convert two office propertes into a major residential scheme on London’s Southbank, Property Week’s sister magazine Building reported today.
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Parkway shopping centre in Newbury opens
Standard Life Investments’ 300,000 sq ft Parkway shopping centre in Newbury, has opened to the public today.
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Eurozone deal adds £750m to value of UK REITs
More than £750m was added to the value to UK-listed real estate investment trusts this morning as the stock markets surged off the back of yesterday’s Eurozone debt deal.
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Vintage retailer Beyond Retro opens London flagship store
Vintage fashion retailer Beyond Retro has opened its London flagship store in Dalston, East London.
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Clinton Cards extends debt as it works on store portfolio
Struggling retailer Clinton Cards has secured an extension to its credit facilities as it continues to try to rejuvenate the business through investment in, and reduction of, its store portfolio.
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Aviva to sell Captain Cook Square mall for £26m
Aviva Investors is looking to sell its Captain Cook Square shopping centre in Middlesbrough for £26m and a yield of 8.25%.
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Prologis improves NAV by 1.2% and pays down debt
Prologis European Properties (PEPR) paid down €107.7m of debt in the third quarter of the year whilst improving net asset value by 1.2%.