All Property Week articles in 30 November 2018 – Page 3
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Online
Grainger's share price sees GRIP deal boost
Grainger’s share price rose 10.3% to 229p on Monday after the company announced it received shareholder backing for its £396m takeover of GRIP REIT.
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News
Sales boost earnings at St Modwen
St Modwen Properties expects to post an increase in earnings and return on capital over the next few years after it beat its asset sale targets.
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Online
Puma Property Finance raises £200m for lending
Puma Property Finance has raised £200m to grow its real estate lending business.
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Online
MasterChef finalist cooks up new concept restaurant with Strada let
Former BBC MasterChef finalist Tony Rodd has let the entirety of 5 Lee Street in Blackheath, south London, from Italian chain Strada to launch new concept restaurant Copper Ink.
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Online
Colliers Webber appointed to head of rating section at RICS
Colliers International’s head of business rates has been elected chair of the rating diploma holders’ section of the Royal Institution of Chartered Surveyors (RICS).
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Online
Cushman makes double hire for German expansion
Cushman Wakefield has hired Luisa Rotthaus and Martin Höfler from JLL to launch a new German office in Düsseldorf.
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Online
Central Working to open larger Manchester office this month
Co-working provider Central Working has signed a lease to open a new Manchester office in a city centre office building, having outgrown its current site.
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Professional
Fewer skilled EU workers coming to Britain will only fuel the housing crisis
Concerns over immigration were a driving factor behind the Brexit vote in 2016. And, it seems, EU-born workers’ worries over their employment rights after the UKs withdrawal from the EU are now being reflected in migration patterns – with new figures published last week by the Office of National Statistics ...
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News
Government moots new biodiversity requirements for developers
Environment secretary Michael Gove is consulting on plans that would require developers to improve wildlife habitats and deliver a ‘biodiversity net gain’ when building a new housing or commercial scheme.
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Online
Allianz takes £310m stake in Singapore’s Ocean Financial Centre
Global financial services giant Allianz has acquired a significant stake in Singapore’s Ocean Financial Centre as part of plans to focus its real estate investment on Asia-Pacific.
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News
Invesco and EcoWorld finalise £400m BTR forward-funding
Invesco Real Estate has finalised a deal to forward-fund two build-to-rent schemes being developed by EcoWorld for almost £400m.
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Online
Retail drags down IPF forecasts for 2019
Capital values are forecast to fall in all traditional commercial property sectors next year with the exception of industrial, according to the latest IPF Consensus Forecast report.
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Online
Anchor and Hanover complete housing merger
Hanover Housing Association and Anchor Trust have completed their merger to form a 60,000 home specialist housing group.
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Online
AXA IM adds new head of logistics from Prologis
Prologis’ Northern Europe managing director Thomas Karmann has joined AXA Investment Managers as head of logistics as the firm seeks to increase its sector specific focus.
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Online
Shift Commerce goes Old School with KWE deal
Kennedy Wilson has let the entirety of the third floor of its newly refurbished Old School building in Leeds to e-commerce platform Shift Commerce.
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Online
Double hire for Swiss Life’s UK investment manager
Swiss Life Asset Managers owned UK investment manager Mayfair Capital has made two new hires to support the growth of the REIM’s £63.8bn platform.
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News
LGIM launches £85m Eastbourne retail extension
LGIM Real Assets has launched a £85m retail and leisure extension at The Beacon in Eastbourne.
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Online
Orchard Street buys West End office building for £55m
Orchard Street Investment Management has bought a mixed-use scheme in Soho for £55m on behalf of St James’s Place UK.
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Online
Allianz Real Estate’s European debt fund passes €1bn
Allianz Real Estate’s pan-European debt fund, launched in July this year, has surpassed €1bn (£890m) in deployed capital in its first five months, completing transactions in the UK, Italy, Ireland, Spain and Sweden on behalf of a range of Allianz insurance firms.
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Online
Shareholders back Grainger’s GRIP acquisition
Grainger has received backing from investors for its rights issue to complete the £396m acquisition of the share in GRIP REIT from Dutch pension fund APG it didn’t already own.