All Property Week articles in 31 May 2019 – Page 2
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OnlineRDI secures £75m loan
RDI REIT has refinanced its London serviced office portfolio with a new £75m financing facility.
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OnlineDerwent launches £175m convertible bonds
Derwent London has launched £175m of convertible bonds alongside the repurchase of the outstanding £150m bonds.
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OnlineArcadia brands set for administration within 24 hours if CVAs voted down
Arcadia’s advisor Deloitte has drawn up papers to put the troubled group’s high street retail brands into administration as early as Thursday morning should its cost-cutting proposals not gain support from creditors today.
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OnlineHigh noon approaches for Sir Philip
Sir Philip Green is locked in eleventh hour talks today in an attempt to save his Arcadia retail empire from collapse ahead of tomorrow’s midday gathering of retail landlords and other creditors.
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OnlineFCA reveals new P2P rules days after Lendy collapses
The Financial Conduct Authority (FCA) has introduced new rules governing the peer-to-peer (P2P) lending sector just days after one of the biggest P2P property lenders Lendy fell into administration.
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OnlineCouncils to be required to report CIL deals with developers
Councils will be required to report how much developers are paying in Community Infrastructure Levies (CIL) and what the money is spent on, under new rules proposed by the government.
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OnlineMax Taylor passes away aged 90
Max Taylor, the former senior partner at Grimley Son, has passed away at the age of 90.
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OnlineLenders braced for uptick in refinancing deals
Lenders are having to grapple with unprecedented levels of disruption and uncertainty at a time when the volume of debt due for repayment is on the rise, according to Savills’ Financing Property presentation this morning.
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OnlineEdinburgh Airport development site comes to market
A huge mixed-use development site next to Edinburgh International Airport has come to the market.
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NewsBREEAM to include residential in operation benchmark
BRE’s sustainability benchmark for the operation of real estate, BREEAM In-Use, will be updated to include all residential buildings from autumn this year.
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OnlineRDI Reit given green light for 127 Charing Cross Road extension
RDI Reit has been granted planning permission for a three-storey extension to a West End office building.
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OnlineWeston Homes gains planning for £350m Barking scheme
Housebuilder Weston Homes and the Estates Agency Group have received planning permission to regenerate the six acre Abbey Retail Park in Barking into a new £350m riverside urban village.
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OnlineL&G makes biggest regional office sale this year
LGIM Real Assets (Legal General) has sold Priory Court The Lewis Building in Birmingham to Gulf Islamic Investments (GII) for around £140m.
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OnlineNAV dips at Palace Capital
Palace Capital has posted a 1.6% fall in net asset value (NAV) for the year to the end of March and unveiled plans to convert to a REIT.
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OnlineNewRiver sells in Llanelli
NewRiver has sold a 70,000 sq ft Asda foodstore and petrol filling station at St Elli Shopping Centre, Llanelli to a private investor for £17.9m.
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OnlineIntu appoints CFO
Intu has appointed former Crest Nicholson director Robert Allen, as its chief financial officer (CFO).
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OnlineJR Capital and Chancerygate launch £100m industrial fund
Investment company JR Capital has partnered with industrial developer Chancerygate to raise a £100m fund for investment in the UK multi-let industrial sector.
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OnlineAmazon to launch pop-up retail stores for small businesses
Amazon has launched a programme to give small online brands the opportunity to sell their products on the high street via pop-up shops.
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NewsPurplebricks 'in play' as Axel Springer doubles stake
German media giant Axel Springer has more than doubled its stake in Purplebricks, paving the way for a potential takeover of the troubled online estate agent.
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OnlineFood hub to open at 22 Bishopsgate
AXA IM – Real Assets has announced it will open a 20,000 sq ft food hub at its 22 Bishopsgate office scheme.
