All Property Week articles in 29 June 2018
View all stories from this issue.
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Online
Axel Springer ups Purplebricks stake on DuProprio purchase
German publisher Axel Springer has upped its investment stake in online estate agency Purplebricks to 12.5% and suggested it could target further investment.
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FORE buys £51m Tower Bridge office for flexible workspace conversion
FORE Partnership has acquired Tower Bridge Court in London for £51m and unveiled plans to partner with developer Landid to convert it into a ‘creative workspace’.
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Alchemist to launch new bar concept at Liverpool ONE
Grosvenor Europe has secured private equity backed restaurant group The Alchemist for its Liverpool ONE complex where it will launch a new concept bar named Aether.
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Empire named as anchor for £60m Queensgate extension
Lendlease and Invesco Real Estate have signed Empire Cinemas as the anchor tenant for the joint venture’s £60m extension of Queensgate shopping centre.
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City recommends planning approval for 100 Leadenhall tower
City of London planners have recommended approval for Lai Sun Development Company’s 56-storey tower at 100 Leadenhall.
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Henley hits jackpot with multi-family buy in Las Vegas
The joint venture between Henley USA and Tower 16 Capital Partners has acquired 500 multi-family units in Las Vegas in an off-market deal.
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New head of capital for Cromwell
Investor Cromwell Property Group has appointed Lodewijk Zweers to the newly created role of head of capital and operations in Europe.
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Workspace completes business centre swap sale
Workspace Group has sold its mixed-use Marshgate Business Centre in Stratford as part of a cash plus asset swap deal with Anthology London.
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Fennah appointed COO as Empiric issues trading update
Empiric Student Property’s Lynne Fennah has been appointed chief operating officer in addition to her existing role as chief financial officer.
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Housebuilders on rise as FTSE 100 opens positively
Housebuilders Bovis Homes and Persimmon rose by 1.4% and 1.7% respectively in early trading today after both delivered positive first half trading updates.
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Colliers acquires controlling interest in Sadolin
Colliers International has acquired a controlling interest in Danish capital markets specialist Sadolin Albæk.
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Invesco acquires Munich hotel for €157m
Invesco Real Estate has acquired the Leonardo Royal Munich City Olympiapark hotel for €157m (£138.5m) from Fattal Hotels in a sale-and-leaseback deal.
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Homes England partners with eight housing associations for affordable homes drive
Homes England has formed strategic partnerships with eight housing associations to deliver more affordable homes across the country.
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Scottish gov't raises LBTT tax-free threshold for first-time buyers
The Scottish Government has increased the tax-free threshold for first-time buyers purchasing a home in Scotland from £145,000 to £175,000.
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Goldman Sachs and Greycoat JV complete Procession House purchase from L&G
LGIM Real Assets has confirmed the sale of the prime London office scheme Procession House to a JV between Goldman Sachs and Greycoat for a price believed to be in the region of £70m.
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WHP Telecoms dials in for new HQ at Birchwood Park
Patrizia UK has secured national telecoms infrastructure business WHP Telecoms for a new headquarters office at Birchwood Park in Warrington.
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Perial strikes success with Bluewater HQ purchase
Perial Asset Management has acquired the Amstersdam-Hoofddorp headquarters of offshore drilling giant Bluewater Group for its investment fund SCPI PFO.
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Landsec launches £218.5m bond buyback offer
Landsec has launched an offer to buy back up to £218.5m worth of bonds.
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AshbyCapital & Helical secure first pre-let at One Bartholomew
US digital advertising company The Trade Desk has become the first occupier to sign up at AshbyCapital and Helical’s new Farringdon office development One Bartholomew taking a 55,000 sq ft pre-let.
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AEW appoints Roux-Collet as GC Europe
AEW has appointed Vanessa Roux-Collet as its General Counsel for Europe.