All Property Week articles in 31 March 2023
View all stories from this issue.
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NewsSwansea’s former Debenhams store to return to retail use after council purchase
Swansea Council has purchased the former Debenhams store in Swansea’s Quadrant Centre and is set to bring the 114,000 sq ft shopping centre unit back into use.
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OnlineThe time has come: Allsop’s residential auction returns to the ballroom
Despite the turbulent state of the UK economy and the uncertainty within the UK property market over the past few years.
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NewsHammerson faces revolt from largest shareholder Lighthouse
Hammerson is facing a “value destructive” revolt from its largest shareholder after resolutions were tabled to oust two board members in a bid to force the REIT to sell its ‘value retail’ division.
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NewsBoxing brand UBX looks to clinch 250 clubs across UK
Australian boxing brand UBX and franchise investor Empowered Brands are aiming to roll out 250 boxing and strength training clubs across the UK over the next six to eight years as part of a £40m expansion plan.
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NewsGreen light for Capital 38’s £50m central London refurb
Capital 38 has gained planning permission for the refurbishment of an 86,000 sq ft office building at 21 Bloomsbury Street, near Tottenham Court Road underground station in central London.
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NewsTCS confirms death of Dr Marjorie Ziff
Dr Marjorie Ziff, wife of Town Centre Securities founder Arnold Ziff and mother of the property investment and car parking operator’s chairman and CEO Edward Ziff, has died.
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OnlineInvestment properties interest sees increase
The searches for “buy investment property” is on the rise, with a 25% increase in Google searches over the past three months, according to Mark Hobbs, expert in conveyancing law.
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NewsPanattoni hires Scott Meakin as development surveyor in Manchester office
Panattoni, the US developer of industrial sites, has appointed Scott Meakin from rival Tritax Symmetry, the logistics development arm of Tritax Big Box REIT, as a development surveyor to work on projects in the north of England.
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NewsOwens Group completes 60,600 sq ft warehouse deal in South Wales
Family-owned logistics, warehousing and distribution firm Owens Group has signed a five-year lease on 60,589 sq ft of warehouse space at C1 Trade Park in Aberaman, South Wales.
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OnlineHelical provides trading update ahead of annual results
Helical has said it is well-placed to “capitalise on the ongoing market dislocation and structural trends” in a trading update ahead of its annual results in May.
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NewsHouse prices continue to ‘defy the odds’ following March uptick
Halifax’s price index showed the average house price rose 0.8% in March, following a 1.2% rise in February, suggesting that prices ‘continue to defy the odds’, according to Quilter mortgage expert Karen Noye.
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NewsOutline plans for 8,500-home Kent town given go-ahead
Outline planning permission has been granted for plans for a new 8,500-home garden town near Folkestone, Kent, in a “landmark decision” for the developers.
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NewsPower firm signs pre-let for Bessemer Park expansion
ITM Power has signed a pre-let agreement for a 83,000 sq ft unit at PLP Bessemer Park in Sheffield.
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NewsGresham House makes two senior appointments in real estate division
Specialist alternative asset manager Gresham House has appointed Mike Adams as managing director, real estate, and Burak Varisli, as investment director, housing.
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NewsFour new tenants sign for Leeds office block
Four new tenants have signed up for Leeds city centre office building 6 East Parade (6EP), taking a combined 18,700 sq ft of grade-A office space.
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NewsAllsop names four new partners as 19 promoted
Allsop has announced 19 promotions across the firm, including four new partners.
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OnlineUKCM secures three new lettings
UK Commercial Property REIT (UKCM) has secured new leases across three separate assets at a combined weighted premium of 40% to previous passing rent.
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OnlineHJ Collection returns over £10m to investors
Developer HJ Collection has returned more than £10m to its investors after scaling up its development portfolio by 40%.
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NewsSt. Modwen reveals £60m second phase of Derby shed development
Developer St Modwen Logistics, owned by private equity giant Blackstone, is investing £59m to develop an additional 350,000 sq ft of warehouse space at St Modwen Park Derby.
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NewsAsset price plunge sees £200bn wiped off CRE values
A total of £210bn has been wiped off the value of Britain’s commercial real estate (CRE) in the past nine months after valuations fell “faster” than the 2008 financial crash, according to the Centre for Economics and Business Research (Cebr).
