All Property Week articles in 5 August 2016 – Page 2
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Sweet deal for Schroders as Innovative Bites takes 100,000 sq ft at Chiltern Park
Sweets company Innovative Bites Limited has taken more than 100,000 sq ft of space at Chiltern Park, Schroder UK Real Estate Fund’s (SREF) distribution centre in Dunstable.
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West Midlands 345,000 sq ft big box given green light
North Warwickshire council have approved a 345,000 sq ft big box unit in the region.
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L&Q to venture out of South East to build 2,000 Manchester homes
Housing associations L Q and Trafford Housing Trust will build up to 2,000 new homes in Manchester and the North West in the next four years as joint venture partners.
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Investors spend £1bn on prime Central London retail property in H1
Investors acquired £1bn of Central London prime retail property in the first half of the year, according to research from CBRE.
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Regus profit up 7% in first half
Regus, the serviced office group, has reported a 7% increase in pre-tax profit to £84.3m in the six months to the end of June.
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Savills profit dips in first half of 2016
Savills has reported a dip in half year profits and a sharp fall in revenues from UK commercial transactions offset by strong growth in other regions and service lines.
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FTSE 100 climbs above 6800 points
The FTSE 100 edged higher on Monday – closing just above the 6,800 mark.
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Five-a-side giant Powerleague opens 50th site
Five-a-side operator Lucozade Powerleague has opened its second centre in The Netherlands, in the city of Utrecht.
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Danish companies invest £160m into Kent science park
Two European companies are investing £160m into Discovery Park in Kent for a combined heat and power biomass plant project, the first of its kind to be located at a UK Science Park.
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Savills IM launches €300m Italian retail fund
Savills Investment Management SGR has launched the Mercury Fund, which it will manage on behalf of CONAD, the largest consortium of independent retailers in Italy, and Gruppo Cattolica Assicurazioni, a leading Italian insurance company.
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Deutsche AM buys Barcelona shopping centre for €493m
Deutsche Asset Management has acquired the Diagonal Mar shopping centre in Barcelona for €493m (£419m).
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Storm damage claims rise on commercial property
There has been a 20% rise in claims for storm damage to commercial property during the first half of 2016 compared with the same period last year, according to research.
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Film body reeled in to Holborn office
The professional association of directors has signed for a new office at 22 Stukeley Street in Holborn at a rent of £62.50/sq ft.
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Capital values fall 3.3% in July
Capital values fell by 3.3% in July as the UK’s vote to leave the EU hit investor confidence, according to the latest CBRE Monthly Index.
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CBRE GI buys Belvedere industrial park for £15m
CBRE Global Investors has acquired Graviton Park in Belvedere, south London from Wrenbridge Land for £15.1m.
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BPF calls for delay to tax deductibility measures
The British Property Federation has urged the government to defer measures to restrict the tax deductibility of debt to 2018, in the wake of post-Referendum uncertainty.
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MJ Mapp appointed on Church of England portfolio
The Church Commissioners, which manages the historic assets of the Church of England, has appointed M J Mapp to manage its 60-strong commercial property portfolio.
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Space NK to open new Regent Street flagship
British beauty retailer Space NK has announced plans for a new global flagship store at 285-287 Regent Street.
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Urban Splash to develop Manchester mill
Developer Urban Splash has announced plans to develop the 45,000 sq ft Brownsfield Mill in Manchester’s Northern Quarter into a scheme of loft-style apartments.
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L&G hires Fizzy’s Russell
L G has appointed Adam Russell from Fizzy Living as residential transactions manager as part of its plan to target further build to rent acquisitions.