All Property Week articles in 29 November 2019 – Page 2
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Cromwell makes senior appointment
Real estate investor and manager Cromwell Property Group has appointed Nigel Batters as chief financial officer for Europe, starting April 2020.
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Mayor of London calls in £3bn Silvertown scheme
Sadiq Khan has called in the Greater London Authority and Keystone’s £3bn Thameside West scheme, after Newham Council denied it planning permission last month.
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Zara founder completes £600m buy of the Post Building
Amancio Ortega’s investment vehicle Pontegadea has completed the purchase of the Post Building from Brockton Capital and Oxford Properties for over £600m, reflecting a yield of less than 4%
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HBD strengthens team in Scotland
UK developer HBD has announced a new senior hire and a promotion in its Glasgow office as part of its expansion in Scotland.
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Long Harbour launches €400m ground lease fund
Long Harbour has launched a €400m (£340m) European ground lease residential and commercial property fund.
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PHP forward funds Eastbourne surgery
Primary Health Properties (PHP) has agreed to provide £8.4m of development funding for a medical centre in Eastbourne, East Sussex.
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Starwood acquires £200m urban industrial portfolio
An affiliate of Starwood Capital Group has acquired ten urban industrial estates in the UK totalling 1.6m sq ft for £200m.
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LociLab platform can poll communities to inform development
Global real estate consultancy MindFolio has launched a new community engagement platform to assist public sector development.
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Pakistani property tycoon agrees £190m settlement with NCA
The National Crime Agency (NCA) has agreed a £190m settlement with a Pakistani property developer following an investigation into suspected proceeds of crime.
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Samsung to launch experience store in Bristol
Hammerson has revealed that Samsung is to open a new 5,000 sq ft Samsung experience store in Cabot Circus in Bristol.
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Search Acumen adds new datasets to due diligence platform
Search Acumen has added several new datasets on its property due diligence platform ForeSite.
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Sky Studios Elstree to deliver £3bn boost for UK’s creative industries
Sky is to open a major new studio at Elstree as part of a £3bn investment in the UK creative sector.
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NewRiver adds to pub portfolio with £18m Bravo Inns deal
NewRiver REIT has paid £17.9m for Bravo Inns to add to its burgeoning pub portfolio.
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Proptech flatfair hires talent from Savills and Zoopla
Proptech startup flatfair has hired two former senior staff from Savills and online agent Zoopla to expand its business.
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KRFI refinances ‘complex case funding’ for Fitch & Fitch client
Kent Reliance for Intermediaries (KRFI), part of OneSavings Bank, has secured an £8m refinancing for nine new-build flats in central London.
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Black Friday: UK online retail sales hit all time high at £20bn
Online retail sales in the UK in November and December are set to exceed £20bn for the first time ever, according to data from Colliers International.
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Coalition urges party leaders to cut VAT to unleash £1bn green housing revolution
A coalition of business groups and organisations from the property and construction sectors have urged the next UK government to cut VAT on homes maintenance and improvement works.
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ASK Partners provides third loan to Montreaux
ASK Partners has provided an £11.05m loan facility to developer Montreaux for a mixed-use scheme in north London.
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Capco buys two mixed-use blocks in Covent Garden for £52m
Capital Counties (Capco) has bought two mixed-use blocks that sit adjacent to its Covent Garden estate following Delancey’s £425m acquisition of its Earls Court holdings .
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Civitas reports 45% increase in rental income
ivitas has reported a 45% increase in rental income for the six months ending 30 September 2019, from £15.7m to £22.7m.