All Property Week articles in 31 May 2019 – Page 3
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Online
MEPC pre-lets 134,000 sq ft at Wellington Place
Developer and asset manager MEPC has pre-let the 134,000 sq ft of office, 4 Wellington Place, to The Stars Group, owner of Sky Betting Gaming.
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Online
Urban Land Institute launches paper on how technology is changing cities
The Urban Land Institute, leaders of creating sustainable communities, has launched an Urban Technology Framework to help cities advance into the next generation.
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Online
Blackstone acquires logistics portfolio from GLP for $18.7bn
Blackstone has agreed a deal to acquire a portfolio of US logistics assets from GLP for $18.7bn, the largest ever private real estate deal.
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Online
Sirius post strong rise in NAV and profit
Business parks group Sirius Real Estate has posted a 12.6% increase in net asset value (NAV) for the year to the end of March.
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News
Brighton Metropole set for redevelopment
The owner of the Hilton Brighton Metropole plans to redevelop the iconic seafront hotel and build up to 200 new homes in partnership with developer First Base, Property Week can reveal.
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News
Property industry leaders demand net zero carbon emissions by 2050
A letter signed by some of the property industry’s biggest figures has called on the government to put in legislation supporting the Committee on Climate Change (CCC)’s recommendation for a net-zero greenhouse gas emissions target by 2050.
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Online
Madison International Realty acquires 3% Capco stake
US private equity firm Madison International Realty has acquired a 3.12% stake in Capital Counties Properties (CapCo), describing its Earls Court scheme as a ‘once in a lifetime opportunity’.
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Online
Brexit breathing room
While uncertainty continues to cloud the UK residential development market, Avamore Capital’s Q2 Market Bulletin suggests, particularly in the residential development space, that the extension of the Brexit deadline to 31 October has created some breathing room for developers to move ahead with their projects.
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Online
‘Less than 1%’ of London PDR homes affordable
Less than 1% of homes that have been built under permitted development rights in London are affordable, according to research published by Labour’s London Assembly housing spokesperson, Tom Copley.
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Insight
Trailblazers bring fresh thinking
The property sector hasn’t always had a reputation for embracing change, but in recent years there has been a big shift in attitude. We have seen a flow of new talent into the industry, bringing fresh thinking and innovative ways of doing things, with technology a key enabler.
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Insight
Disruption has a profound impact
Disruption is such a 21st-century word. I’m not talking about stock market flash crashes or the Grayling effect on rail services, but something much bigger that can affect almost every aspect of our daily lives.
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News
Cadogan dividends more than double to £58m
The owners of Chelsea landlord Cadogan received £58.3m in dividends in 2018 - more than double the previous year.
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News
Value of CapCo’s Earls Court land slumps over 10% in Q1
The value of Capital Counties’ land holdings at Earls Court has fallen by over 10% in only the first three months of the year.
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News
Panattoni plans industrial scheme
Panattoni has revealed plans for a speculative industrial and logistics scheme in Borehamwood, Hertfordshire.
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News
Purpose-built student digs score top marks
Global investment in purpose-built student accommodation (PBSA) reached a record high of $16.3bn (£12.9bn) in 2018, new research shows.
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News
Howard de Walden Estate hires Gerald Eve’s North as head of leasing
The Howard de Walden Estate has appointed Richard North as head of leasing for its office, medical and educational portfolios.
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News
Modular construction gathers momentum with PfP ilke deal
£100m tie-up follows hot on heels of £90m JV between Sekisui House, Urban Splash and Homes England
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Insight
Has modular’s time come?
Modular homes have long been hailed as the potential solution to the UK’s housing crisis.
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News
Change of use may mitigate rising vacancy rates in retail parks
The vacancy rate across UK retail parks rose sharply between the first half of 2018 and the end of the first quarter of this year, data from the Local Data Company (LDC) shows.
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Markets
Is scheme combining car dealership and homes a new mixed-use model?
Lookers’ car dealership boasts flats above – is it a one-off or a new mixed-use template?