All Property Week articles in 4 December 2015
View all stories from this issue.
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OnlineGovernment unveils Palace of Westminster design shortlist
The government has revealed the nine shortlisted parties which have been selected to progress to the next stage of the procurement for design and programme management services for the overhaul of the Palace of Westminster.
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OnlineAerium offloads petrol station c-store portfolio
Aerium has sold a portfolio of 14 petrol station convenience stores to a Middle Eastern client of Investra Capital for £30.9m.
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OnlineTotal returns pick up in November
Total returns from UK commercial property are on track to reach over 14% after a strong November, according to CBRE’s Monthly Index.
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OnlineAccorHotels to acquire Savoy parent company for €768m
French hospitality group AccorHotels will acquire FRHI Holdings, the owner of the Fairmont, Raffles and Swissôtel hotel brands, in a deal worth €768m (£553m).
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OnlineTackling business rates could unlock £1.75bn of development
Reducing the burden of business rates could unlock 4,000 jobs and £1.75bn of commercial property development over five years, a new report has indicated.
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OnlineUniversity of Edinburgh buys former hospital building
The University of Edinburgh has bought a former surgical hospital building which is part of the Quartermile development.
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OnlinePocket launches second crowdfunding bond
Pocket, the starter home developer, has launched a second mini bond through crowdfunding platform Crowdcube to help fund its developments.
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OnlineNewRiver to raise £150m to fund shopping centre deals
NewRiver Retail is looking to raise £150m via a share placing to fund future acquisitions and development projects.
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OnlineFTSE steadies but real estate shares slip again
After a subdued start to the week, the FTSE 100 steadied to close almost unchanged on Wednesday, but real estate shares continued to lose ground.
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OnlineMedicX Fund warns of aggresive market pricing
Healthcare property investor MedicX Fund has reported strong NAV growth, but warned of “aggressive yields” in the UK.
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CMBS: Volatility overshadows positive developments
Once again, the European CMBS market has experienced another challenging year as the product continues with its arduous road to recovery.
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EPIC snaps up Wrexham retail park
Ediston Property Investment Company (EPIC) has exchanged contracts to buy Plas Coch Retail Park in Wrexham for £22.4m.
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Thor Equities buys Oxford Street block
Thor Equities, in partnership with London-based Chenavari Investment Managers, has closed on a deal to buy 145 Oxford Street in London for £40m.
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Tritax acquires Matalan distribution centre
Tritax Big Box REIT has completed the purchase of Matalan’s northern distribution centre at Knowsley Business Park in Liverpool, for £42.4m, reflecting a yield of 6.27%.
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OnlineNew euro-focused Schroder REIT begins trading
Schroders’ new continental European REIT kicked off its first day of trading on Wednesday after raising £107.5m in its initial public offering (IPO).
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OnlinePlans submitted for £700m Edinburgh development
A planning application has been lodged with the City of Edinburgh Council for the creation of a £700m commercial and residential development on 90 acres of land in Edinburgh.
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OnlineNorthwood gets go-ahead for 90 Long Acre
Northwood Investors has been given planning permission for the demolition of First Chicago House, 90 Long Acre, London, to replace it with offices and 119 residential units.
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OnlineDobbies posts £48m loss over asset impairments
Dobbies, the garden centre chain owned by Tesco, has posted an annual loss of £48m after writing down the value of its stores.
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OnlineJP Morgan raises €745m for latest European fund
JP Morgan Asset Management has raised €745m for its third closed-end European property fund.
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OnlineGatehouse aims £100m at PRS
Gatehouse Bank, the London-based investment bank, has announced further investment of £100m to develop a portfolio of private rented sector homes across the UK.
