All Property Week articles in 3 July 2020 – Page 2
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Zenprop buys out Johnny Sandelson’s interests in Auriens
Zenprop group, the investor behind senior living developer Auriens, has bought out co-founder Johnny Sandelson’s interests in the business.
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RM Sotheby’s HQ moves to Richmond
RM Sotheby’s European headquarters are moving from New Bond Street to Richmond.
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Lowest performance for European real estate investment since 2012
A major European real estate investor’s index for Q1 2020 reveals the lowest performance for European real estate since Q4 2012.
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Bellway Homes buys Thames Gateway 2.5-acre site in Stratford
Bellway Homes has bought 2.5 acres of land at Cooks Road/Barbers Road in Stratford, London with plans for a mixed-use residential development.
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H&M to close 170 stores worldwide
Fashion retailer H M is to permanently close 170 stores worldwide.
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Sunak says “the job has only just begun” in summer statement
Chancellor of the exchequer Rishi Sunak has said “the job has only just begun” as he unveiled a package of sweeping measures designed to stimulate the economy in today’s summer statement.
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Industrial and logistics take up hits record high in H1 2020
H1 2020 industrial and logistics take up has reached a record high of 22.4m sq ft, 66% above the long-term average.
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M7 hires asset manager for new Dublin office
M7 Real Estate has hired James Smith as asset manager for its new Dublin offices.
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Business rates expert slams ‘inefficient’ small business fund scheme
The government fund intended to help small businesses survive the coronavirus has been slammed as “inefficient” by business rates experts as government data reveals that £1.7bn from the scheme has yet to be handed out.
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Whitbread sales slump 79% amid hotel reopenings
Hotel operator Whitbread’s total sales in the UK have slumped 79.5% due to the mass closure of hotels in March.
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Assura Healthcare completes £35m seven-asset acquisition
GP surgery landlord Assura Healthcare has bought seven properties for a combined £35m and disposed of a 20-asset portfolio for £17m, according to its trading update for the first quarter ending 30 June.
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CLS Holdings collects 93% of rent
UK and European investor CLS Holdings has collected 93% of its rent for the third quarter due as of 7 July by switching some tenants to a monthly rent.
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U+I posts £58.6m loss
Regeneration property developer U+I has reported a £58.6m pre-tax loss in the year ending 31 March.
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SEGRO collects 93% of rent
SEGRO has said that 93% of the annual £37m in rent from its UK portfolio has been collected or is being collected quarterly up to 24 June.
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Colliers propose three-point plan to get high street back on its feet
Colliers have proposed a three-point plan to the UK Government to invest more in town centre retail.
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Gs8 acquire one-acre regeneration site in Basildon
Gs8 have acquired a one-acre site in Basildon from CBRE Gi.
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Network Rail makes debut modular housing developments
Ilke Homes has partnered with Network Rail to develop 40 modular homes on a brownfield site in Nottinghamshire.
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Urban Splash hires Greg Ball as senior development manager
Urban Splash has hired Greg Ball as its new senior development manager.
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Wilford Lane Developments gets the green light for Nottingham scheme
Wilford Lane Developments Limited (WLDL) has secured planning permission from Rushcliffe Borough Council for a convenience store-led commercial scheme in West, Bridgford, Nottingham.