All Property Week articles in 3 July 2020
View all stories from this issue.
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Online
AEW and Allianz Real Estate buy 515,000 sq ft Yorkshire warehouse site
AEW and Allianz Real Estate have acquired aogistics facility in Yorkshire on behalf of several Allianz group companies.
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John Whittaker formally resigns from intu board
John Whittaker has resigned as deputy chairman and non-executive director of beleaguered retail landlord intu, Property Week can reveal.
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RICS to permanently close six UK offices
RICS will close the majority of its UK offices permanently, with the exception of the London, Birmingham and Edinburgh offices as it moves to a digital first approach, Property Week can reveal.
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Nedbank signs lease at 12 Arthur Street
South African commercial bank Nedbank has signed a lease for the 8,685 sq ft seventh floor of 12 Arthur Street in the City of London.
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LCN Euro Property Holdings buys North East office for £18m
A subsidiary of New York-based private equity group LCN Euro Property Holdings has acquired Cobalt 22, a 78,000 sq ft property at Cobalt Business Park, North Tyneside for £18.3m.
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UK resi market ‘impenetrable’ for smaller investors
The UK’s residential market is missing out on billions of pounds of potential investment because of a lack of suitable investable vehicles.
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Grade A logistics take-up in first half of the year similar to 2019, according to JLL research
Occupier take-up of grade A logistics floorspace in the first half of 2020 was in line with the same period last year, according to research from JLL.
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Covid has delayed prime London residential recovery to 2021, say Savills
Covid-19 has delayed the recovery of the prime central London residential market to 2021, according to new research from Savills.
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Workspace reports uplift in customer demand
Workspace has reported an improvement in customer demand with 765 enquiries in June, up from 272 in April.
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Investec completes three disposals for £100m
Investec has completed the disposal of three office assets for £100m.
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Bullring among eight John Lewis stores to close permanently
John Lewis will not reopen eight stores, putting 1,300 jobs at risk.
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Frasers Group refuses to pay rents until trading “reaches a level” of normality
Mike Ashley’s Frasers Group has informed landlords it will not pay rents until it is “fully able to freely trade as a business” again.
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U&I backs out of north London regeneration project
U I has pulled out of a JV with Barnet Council for a regeneration project in North London.
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Hibernia REIT collects 87% of quarterly rent
Irish property investment group Hibernia REIT has collected 87% of its quarterly rent as of 8 Jul
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Primary Healthcare Properties announces £120m share placing
Primary Healthcare Properties has announced a share placing to raise £120m.
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NewRiver collects 71% of July quarter rent
NewRiver has collected 71% of July quarterly rent.
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Town Centre Securities collects 83% rent since March
Town Centre Securities has collected 83% of rent due since March 2020.
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Persimmon reports 15% rise in forward sales year on year
Persimmon has reported a 15% rise in forward sales compared to the same time last year.
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RICS calls for government to maintain support amid residential market improvement
RICS has urged the government to maintain measures to sustain economic recovery as early signs of improvement in the residential market may “quickly run out of steam”.
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CBRE starts redundancy consultation with UK advisory business
CBRE has started a collective redundancy consultation process with employees in its UK advisory business