All Property Week articles in 4 November 2011 – Page 5
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Tim Turnbull joins Europa Capital
Tim Turnbull, the former chief investment officer of Hermes Real Estate, has joined Europa Capital’s management team with responsibility to expand fund relationships.
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Economic uncertainty knocks UK commercial property capital growth down to 0.1%
Declining occupier demand, caused by the UK’s stuttering economic performance, saw capital growth in the commercial property sector slow to just 0.3% in the third quarter of the year, the IPD reported today.
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Goodman and Europa win Kent consent
Goodman and Europa Capital have been given the green light for a 325,000 sq ft logisitics facility near Aylesford, Kent.
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Preston's Tithebarn back to the drawing board after John Lewis exit
Council leaders today said they will have to go back to the drawing board and reform plans to redevelop the Titheburn area of preston following John Lewis’s announcement that it would no longer anchor the £700m scheme.
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St Modwen submits plans for major East Staffs scheme
St Modwen has submitted a planning application for 660 homes and around 780,000 sq t of employment space to the south of Branston Village in Burton-on-Trent.
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Foster plans for giant Thames Hub revealed
Plans for an enormous transport interchange in the Thames Estuary have been revealed by Lord Foster’s Foster + Partners and Halcrow.
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Former CBRE regional head launches new consultancy
The former managing director of CBRE regions has launched a new property consultancy, TheBusinessDesk.com reported today.
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Sainsbury's signs at Muse's £220m Blackpool scheme
Sainsbury’s has signed a deal with developer Muse to operate the foodstore at the £220m Central Business District (formerly Talbot Gateway) scheme in Blackpool, TheBusinessDesk.com reported today.
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Property companies spared “damaging” changes to lease accounting
Owners of investment properties will be excluded from a proposed major overhaul of rules for how businesses recognise lease transactions.
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Administrators close 11 Luminar nightclubs
Ernst Young, the administrators for collapsed nightclub operator Luminar Group Holdings, has closed 11 loss making clubs as part of its ongoing strategic review of the business.
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Von Essen's Thorn Island fort sold
Thorn Island, a Grade II listed Napoleonic fort, which was part of the Von Essen portfolio, has been sold for around £750,000 to Kent Mushrooms, owners of other historic locations.
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Monki and Cheap Monday sign for first UK stores
H M brands Monki and Cheap Monday have signed to open their first UK stores in two adjacent shops on Carnaby Street.
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Brookfield expands with Jones Lang LaSalle’s Schiller
Giant Canadian property investor and fund manager Brookfield Asset Management has hired Jones Lang LaSalle’s Julian Schiller to beef up its European fund raising platform.
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St Martins closes in on £175m Hammerson office deal
Kuwaiti property company St Martins Corporation has agreed a deal to buy 60 Threadneedle Street in the City from Hammerson for more than £175m.
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EC Harris partners approve Arcadis merger
Building and property consultancy EC Harris’s merger with professional services firm ARCADIS, has been officially approved following a formal vote by the firm’s 183 partners.
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Carlyle refinances Freeport with Middle Eastern cash
Carlyle this morning said it had completed a refinancing of Freeport, the European outlet mall business it bought under torturous circumstances at the top of the market.
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UKCPT value rise wiped out by loan swaps
The UK Commercial Property Trust today said that the value of its portfolio rose in the third quarter of 2011 – but that this rise was more than wiped out by the negative impact of interest rate swap liabilities.
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CBRE completes $1.2bn ING REIM acquisition
CBRE last night announced that it had completed the $1.2bn acquisition of ING Real Estate Investment Management to become the world’s largest property fund manager.
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Bruntwood picked for £60m Manchester University project
Developer Bruntwood has been confirmed as development partner for a £60m project to upgrade Manchester University’s Business School, TheBusinessDesk.com reported today.
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Segro and Moorfield JV to buy £300m logistics portfolio
A joint venture between Segro and Moorfield has emerged as frontrunner to buy Legal General and Hermes’ UK Logistics Fund.