All Property Week articles in 4 June 2021
View all stories from this issue.
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Insight
Landlords, beware the cross-class cram down
The Virgin Active Restructuring Plan was put to the test at the hearing before the High court which, to the collective dismay of UK landlords, saw the plan and “cross-class cram down” sanctioned.
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Online
Savills to market Erith shopping centre
Savills has been mandated to sell Erith Riverside Shopping Centre in south east London with a price tag of £18m.
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Online
Manchester’s Bauhaus awarded WELL Gold Status
Orchard Street Investment Management has confirmed that its Bauhaus office scheme in Manchester has become the UK’s first refurbished building to be awarded WELL Gold accreditation.
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Online
Grosvenor hires finance heavyweight as non-exec chair
Grosvenor Group has appointed Melanie Gee as non-executive chair of the Grosvenor Britain Ireland (GBI) board.
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Online
LCP snaps up Leeds asset in retail parade acquisition drive
Commercial property and investment company LCP has snapped up a local retail centre in Leeds, West Yorkshire.
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Online
Building sector bosses call for EU decarbonisation push
Bosses in Europe’s building sector are urging the EU to prioritise decarbonising the built environment.
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Online
Ex-banker and housing association boss tipped for top job at Homes England
Housing association boss Peter Denton is tipped to become the new chief executive of Homes England.
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Online
Vita secures £53m loan from Cain for PBSA asset
Cain International, the privately held real estate investment firm led by Jonathan Goldstein, has agreed a £53m loan with Vita Group to finance the development of a 496-bed student accommodation scheme in Coventry.
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Online
CLS Holdings puts Greater London office portfolio on the block
CLS Holdings has put a portfolio of four greater London office properties up for sale for £22.15m.
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News
RElab launches proptech-focused scale-up programme
Venture capitalist firm Goldacre Ventures has opened applications for its RElab 2021 scale-up programme, which will focus on innovation in real estate technology.
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Online
LXi forward funds Dobbies garden centre in Reading
LXi REIT has struck a £19m deal to forward fund a 94,000 sq ft garden centre in Reading.
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News
Mayfair Capital’s Charities trust snaps up Northampton shed for £15.6m
Mayfair Capital’s Property Income Trust for Charities (PITCH) has acquired an industrial estate at Brackmills Trade Park, Northampton, for £15.6m, reflecting a net initial yield of 3.8%, Property Week can reveal.
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News
Frasers Property unveils three-step net zero roadmap
Business park owner Frasers Property has launched its net zero carbon roadmap comprising three sustainability commitments, Property Week can reveal.
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News
Configure to virtually fit out offices at Mayfair’s Pollen8
Configure, an office fitout proptech platform, has launched at a newly refurbished office building in London’s Mayfair, Property Week can reveal.
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News
St. Modwen Logistics completes trio of lettings
St. Modwen Logistics has complete three new lettings at St. Modwen Park Gloucester and St. Modwen Park Stoke South.
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News
BNP Paribas REIM UK sells Amazon shed for £161m
BNP Paribas Real Estate Investment Management (REIM) has sold Amazon’s fulfilment centre in Bardon, Leicestershire to Savills Investment Management for £161m.
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News
Grainger unveils first view of £80m Salford scheme
Grainger has released first images of The Filaments, a build-to-rent scheme in Salford that forms part of the Chapel Street regeneration masterplan.
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News
European later living market poised for growth
The European elderly care property investment market is set for growth following €7.2bn (£6.19bn) of transactions last year, according to the latest Knight Frank research.
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Online
Gap set to axe 19 stores in the UK and Ireland
US retailer Gap is set to close 19 stores across the UK and the Republic of Ireland.
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News
Knight Frank and CBRE appointed on 100 Leadenhall
Knight Frank and CBRE have been appointed as letting agents at central London office block 100 Leadenhall by owners Frontier Dragon, a subsidiary of Hong Kong developer Lai Sun Development Company.