All Property Week articles in 3 May 2019
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Online
Get Living secures £112m debt funding deal
Get Living has secured a £112m financing deal from RBC Real Estate Capital Partners, part of RBC Capital Markets, for its Middlewood Locks scheme in Manchester.
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Nuveen provides £55.5m loan for Midtown deal
Turkish investor Esas Holdings has secured a £55.6m loan facility from Nuveen Real Estate to help fund its acquisition of 15 Fetter Lane in London’s Midtown.
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Chancerygate forward sells two schemes to M&G
Industrial developer and asset manager Chancerygate has completed four new schemes totalling 282,400 sq ft and forward sold two of them to M G Real Estate.
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Self-storage occupancy continues to climb
Occupancy across the UK’s self-storage market has continued to climb and now stands at 77.2% of lettable space, according to research by Cushman Wakefield and The Self Storage Association UK (SSA UK).
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L&G launches £2bn business combining retirement living with children’s nurseries
Legal General is expanding its retirement living business with the launch of Guild Living, a new brand focused on city centres that will build children’s nurseries with later living alongside.
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Government sets up £200m fund for cladding removal from private buildings
The government has set up a £200m fund to help speed up the removal of unsafe cladding from high-rise privately-owned buildings.
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Intu promotes Sangar to chief investment officer
Intu has promoted corporate development director Dushyant Sangar to chief investment officer.
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Derwent secures lettings well ahead of ERV
Derwent London has had a strong start to 2019 securing 217,000 sq ft of lettings, 6.2% ahead of December’s estimated rental levels.
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London Theatre Company to open site in Kings Cross
The P2 building in Kings Cross will include a new theatre, brought forward by a joint venture between developer Kings Cross Central Limited Partnership (KCCLP) and the London Theatre Company.
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MEPC submits plans for new NOMA office block
MEPC has submitted plans for the first speculative office development at NOMA in Manchester.
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CBRE Group reports 10% revenue growth
CBRE Group has reported a strong start to 2019 with revenue up 10% on last year’s first quarter.
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Brockton sells Guernsey offices for £60.65m
A fund advised by Brockton Capital has completed the sale of the freehold investment of Martello Court and Dorey Court in Guernsey to an overseas investor for £60.65m, reflecting a net initial yield of 6.40%.
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LandSec says industry must ‘stop growth’ to tackle climate change
The property industry needs to stop growing within the next 12 years in order to deal with the threat of climate change, LandSec’s sustainability insight director Edward Dixon has said.
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Design of temporary House of Commons released
The design proposals for Parliament’s Northern Estate and the temporary House of Commons Chamber have been released for consultation.
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Octopus merges real estate arms as Berti steps down
Octopus Group is merging its two real estate businesses Octopus Healthcare and Octopus Property to form a new entity with more than £2bn of funds under management.
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Cynergy Bank launches £500m fund for property entrepreneurs
Specialist lender Cynergy Bank is launching a £500m fund to help property entrepreneurs “make the most of opportunities during Britain’s departure from the EU”.
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LaSalle launches €600m whole loan fund
LaSalle Investment Management has launched a €600m whole loan fund focused on Western Europe.
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Lifestyle Outlets ring up annual sales hike and record footfall
Lifestyle Outlets, part of John Whittaker’s Peel Land and Property, has bucked the national retail trend and reported close to double digit sales growth and record footfall across its two operational centres in Manchester and Gloucester.
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Smith & Williamson takes HQ space at Gresham Street
Stanhope and the Swiss Investment Foundation AFIAA has completed a 96,805 sq ft letting at its City of London office Gresham St Paul’s.
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Allianz joins forces with GLP for $600m far eastern logistics push
Investment management firm GLP has formed a $600m (£460m) investment partnership with Allianz Real Estate to invest in logistics assets with integrated technologies in China and Japan.