All Property Week articles in 4 September 2020 – Page 2
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Online
Ark Data Centres acquires Renault’s Park Royal site
Ark Data Centres has acquired Renault Retail Group’s west London site on Western Avenue, Park Royal.
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News
Lendlease halts external recruitment for graduate scheme
Lendlease has stopped external recruitment for its 2020 UK graduate programme, blaming “tough economic conditions due to Covid-19”.
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Online
Secure Income REIT reports 10% drop in net tangible assets
Secure Income REIT has announced its interim results, calling the last six months an “extraordinary period” for the company.
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Online
UKCM sells Tunbridge Wells retail park for £46.25m
UK Commercial Property REIT (UKCM) has exchanged contracts for the sale of Great Lodge Retail Park in Tunbridge Wells for £46.25m.
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Online
Simon Carter to succeed Chris Grigg as British Land boss
Chris Grigg will be replaced by current chief financial officer Simon Carter when he steps down this year.
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Online
The portfolio Club buys the Covent Garden’s Wellington block for more than £76m
The Portfolio Club has exchanged contracts to buy the Wellington block in London’s Covent Garden for £76.5m.
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Online
SUSHISAMBA signs up for third UK site at St James Quarter
SUSHISAMBA is set to open a restaurant within the W Edinburgh hotel as part of St James Quarter’s final phase in 2022.
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News
JLL looks to cut around 200 jobs in the UK
JLL is looking cut around 200 jobs across the UK due to the economic instability caused by the coronavirus pandemic.
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Online
First property funds re-open
The first property funds have announced they will lift dealing suspensions as CBRE lifts the material uncertainty clause.
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News
Runnymede council spent £131m on property and investments
Runnymede council spent £131m on property and investments for the financial year ending 31 March 2020, according to its most recent accounts.
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News
Spelthorne spends another £78m on property
Spelthorne council spent a further £78.1m on property in the last financial year after borrowing a further £76m from the Public Works Loan Board (PWLB), according to recently published draft accounts for 2019-20.
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News
MPs urge furlough extension to save West End
Conservative ministers are urging chancellor Rishi Sunak to extend the government job retention scheme to save central London’s night-time economy.
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Online
SPF Private Clients hires Derek Simpson as director of real estate debt advisory team
SPF Private Clients has hired Derek Simpson to join as director of its real estate debt advisory team.
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News
Evotec takes an additional 17,000 sq ft at Milton Park
Drug research company Evotec has taken an additional 17,000 sq ft of office and laboratory space at Milton Park to bring its total occupation to 193,000 sq ft.
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Online
Capital & Regional’s former exec director and Savills team up to take on management of intu Derby
The former chief director of Capital Regional Ken Ford and Savills have been appointed to manage intu Derby.
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Online
Allsop unveil 138-lot catalogue for first ever September commercial auction
Allsop has launched its first ever September commercial auction catalogue offering 138 lots for its next online-only auction.
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Online
Five deals signed at 26-28 Hammersmith Grove
A flurry of office deals covering a combined 32,000 sq ft of space have been signed at 26-28 Hammersmith Grove.
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News
Former BlackRock chief launches NorthCroft Capital
Former BlackRock global head Marcus Sperber is launching NorthCroft Capital, a new property investment and advisory business, together with David Bearman, a founding partner of Firefly Capital.
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News
CBRE hires new member of UK executive committee
CBRE has appointed Kaela Fenn-Smith as its new as head of UK advisory and transaction investor services and as a member of its UK executive committee, effective from 1 November.
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News
Turnover leases will become ‘new normal’ for retail
Turnover-based leases, integrated omnichannel strategy and local retail presence will become the “new normal” for the European retail sector, according to a report by Savills.