All Property Week articles in 29 October 2021 – Page 5
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Online
LXi REIT secures £19.5m of acquisitions
LXi REIT completed £19.5m of long-let forward funding acquisitions reflecting an accretive 5.1% average net initial yield.
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Online
CapReg points to improved rent collection ahead of investor vote on debt plan
Capital and Regional has told investors it has continued to improve operational performance across its regional shopping centre portfolio ahead of a general meeting to seek approval for the group’s open offer and debt restructuring proposals.
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Online
Octopus stretches tentacles into Ireland
Octopus Real Estate has revealed it will commence commercial lending in Ireland as it looks to expand beyond mainland UK.
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Online
Landsec buys U+I for £190m
Land Securities has agreed to buy property regeneration company U+I Group in a £190m deal.
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News
Bericote gets green light for 784,000 sq ft industrial scheme at former Toys ’R’ Us site
Bericote has received planning consent to speculatively develop 784,000 sq ft of industrial space at the site of the former Toys ’R’ Us in Coventry, Property Week can reveal.
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News
Rent collection reaches highest level since start of pandemic
The collection of commercial property rents in the UK has hit its highest level since the start of the pandemic.
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News
CPP Investments appoints first chief sustainability officer
Canada Pension Plan (CPP) Investments has appointed Deborah Orida as the organisation’s first chief sustainability officer (CSO).
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News
Evergrande avoids default for second time
China Evergrande Group has avoided default for the second time this week, according to multiple reports.
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News
Nordic real estate giant NREP makes carbon neutrality pledge
Nordic real estate company NREP has committed to being carbon neutral by 2028 “without offsets”.
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News
Housing committee report blasts government for lack of commitment to climate action
The government’s Net Zero Strategy contains “no clear commitment” to increasing funding for local authorities to tackle the climate crisis, the housing committee has warned.
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News
Kajima makes two appointments to London team
Kajima has bolstered its London-based team by hiring Tamsin Traill as regeneration director and Jessica Leigh as asset manager for the central London office portfolio.
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News
Regal London gets funding for £52m Hackney mixed-use scheme
Regal London has received funding from United Trust Bank (UTB) and Iron Bridge Finance (IBF) for a mixed-use scheme in Hackney, east London with a GDV of £52m.
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News
Property and construction firms among most at risk of insolvency
Real estate and construction firms are among the most at risk of insolvency according to the latest figures from the Red Flag Alert from Begbies Traynor.
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Online
HUB and Bridges agrees £100m forward funding deal for Realstar BTR scheme in Leeds
HUB and Bridges Fund Management have agreed a forward funding deal with Canadian real estate investment group Realstar to deliver one of its UNCLE branded residential schemes in Leeds.
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Online
Industrials REIT upbeat in latest investor update
Industrials REIT has reported a “strong quarter” for the three months to the end of September in its latest update to investors.
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News
Property Week and Newcore to host Social Impact spotlight event
Property Week and Newcore Capital will be hosting an in-person spotlight event in support of LandAid’s Pro Bono Programme next month.
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Insight
Firms should be embarrassed by lack of diversity
Editor: Your recent front-page article – ‘Please mind the ethnicity pay gap’ – was excellent, but I feel it only skims over the surface of what should be an issue that firms are embarrassed about.
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Insight
The funding options for green developments
It will not have escaped the sector’s attention that this year’s UN Climate Conference, COP26, is the first to dedicate a day to the built environment. Addressing how developers can tackle a net zero emission future is sure to be a central part of this.
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News
Spin class: Cop Out
No sooner had Soph and I done our post-Expo, two-day, £68 Covid test than we got pinged by track and trace. We guessed it was someone with Covid on the plane home – and so everyone on the flight must have been pinged.
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Insight
Whole-life carbon needs regulation
Editor: I read with interest and some frustration your articles last week on the complete absence of discussion on embodied carbon in the government’s new Heat & Buildings Strategy, and just a fleeting mention in its Net Zero Strategy.