All Property Week articles in 30 April 1999 – Page 4
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Markets
Peterborough estate achieves two lettings
Two lettings have completed at Harvester Way, Fengate Trading Estate, Peterborough. Edmundons Electrical has sub-let 445 sq m (4,790 sq ft) for 10 years to Partco at £14,500 a year as a trade counter, while Frinscon Securities has let 217 sq m (2,336 sq ft) to ARM motorcycles for ...
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Insight
Affiliate to accumulate
Canadian firm Colliers Macaulay Nicolls has turned down the chance to be part of global giant Insignia. Angela Jameson talks to those who question the current trend of international mega-mergers
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News
British Land in final stages of £90m sale
Metropolis Strategic Real Estate, property adviser to the rich and famous, is close to completing a £90m deal to acquire the Corn Exchange in the City. British Land s 14,286 sq m (153,781 sq ft) Mark Lane address is expected to change hands next month on a net initial ...
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Markets
Cambourne’s brave new world
Cambridge, which for over 800 years has thrived as a centre of academic learning, today boasts more than 1,000 high-tech businesses. Newsweek magazine recently listed the city as one of the top 10 locations worldwide, challenging California s Silicon Valley as a key centre for high-tech industry. Silicon Fen is ...
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News
Duo envisages ‘palate-driven’ apartments across the world
Yoo, the UK s newest residential development company, began a worldwide search this week for city-centre landowners and developers to become partners in the development of apartments. The attraction for those with a cleared site or a redundant building is that one of Yoo s two partners is designer Philippe ...
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News
London fears £800m rates hike
The Corporation of London and the London Chamber of Commerce & Industry have united to lobby the Government over fears that business rates in the capital could rise by £800m next year. The pair threw their weight behind an industry campaign to lobby the DETR at a revaluation seminar ...
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Markets
£50m facelift for Derby to halt leak to Nottingham
MEPC is drawing up plans to add 23,000 sq m (247,570 sq ft) of retail space to Derby city centre to counter the growing regional dominance of Nottingham. MEPC is already spending £20m refurbishing Derby s 31,000 sq m (350,000 sq ft) Eagle Centre which involves relocating a Sainsbury ...
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Markets
Hawksworth plans £50m shopping centre
Hawksworth Securities has initiated discussions with Peterborough City Council to build a £50m shopping centre scheme. The proposals include a 19,000 sq m (204,520 sq ft) shopping centre between Westgate, Bright Street and Bourges Boulevard, linked with a leisure complex of 13,940 sq m (150,000 sq ft) providing a ...
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News
Lucas takes 5% stake in Saville Gordon
Lucas Properties has gained a 5% stake in Saville Gordon Estates after agreeing to take shares in payment for a 14ha (34 acre) industrial estate in Staffordshire. Saville Gordon is paying £7.8m in shares for the estate within the former Fradley Aerodrome, three miles east of Lichfield. Lucas will ...
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News
PRICOA raises £850m to break £2bn barrier
by james whitmore PRICOA Property Investment Management has broken the £2bn level of funds under management for the first time after raising £850m since the beginning of 1998. The money, of which £550m came from overseas investors, mainly US, was raised for three funds and a new merchant ...
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News
Bossom leaves LaSalle to create $1bn geared fund
Bruce Bossom has resigned as UK managing director of LaSalle Investment Management to set up a $1bn (£600m) geared fund with two former colleagues. Bossom has set up Orion Capital Managers to run the fund with Van Stults and Aref Lahham, who both quit LaSalle at the beginning of ...
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News
Rowland puts £1m in Artisan
David Rowland, who took USM-quoted property group Inoco private in 1996, has emerged with a key stake in Artisan, an AIM-listed building services company. The Channel Islands-based entrepreneur, said to have a fortune of £100m, is believed to be keen to inject some of his property assets in Artisan. ...
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Markets
Call centre sale raises £14.1m for St Modwen
One of Europe s largest call centres on Pride Park, Derby, has sold for £14.1m, reflecting a yield of 7.5%. The 13,010 sq m (140,000 sq ft) scheme by St Modwen Developments is occupied by EGG. The purchaser, Swiss investment company SC Immobilière, was represented by Frank Warwick. Colliers ...
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