All Property Week articles in 5 June 2020
View all stories from this issue.
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Online
InfraRed acquires further 450,000 sq ft of space in four deals
InfraRed Capital Partners has snapped up 450,000 sq ft of space in four deals covering seven assets in the North West as part of a strategy to expand its Vantage industrial portfolio.
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News
Bericote gets planning for 2.3m sq ft warehouse linked to Amazon
Bericote has received planning for an enormous 2.3m sq ft, four-storey warehouse in Dartford which is rumoured to be pre-let to Amazon, Property Week can reveal.
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News
Hines considers £390m sale of 25 Cabot Square
Hines is believed to be negotiating a £390m sale of 25 Cabot Square in Canary Wharf to the largest real estate investment trust in Asia, Link REIT.
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Online
NewCold acquires 9.5ha site to build Europe’s largest cold storage facility
Cold storage logistics firm NewCold has acquired a 9.5ha site in Corby from Warmflame Developments for a phased development of up to 637,589 sq ft of bespoke temperature-controlled facilities, making it the largest site of its kind in Europe.
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Online
ICG Real Estate provides £177m for development on London’s Southbank
The real estate division of Intermediate Capital Group plc (ICG) has provided a £177m development loan to fund the construction of a 266,000 sq. ft mixed-use development on the South Bank in London.
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Online
Wykeland gets green light for new space at Melton West business park
Developer Wykeland Group has gained planning consent for new business space totalling over 230,000 sq ft at its Melton West business park in East Yorkshire.
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Online
Aviva Investors appointed to manage London CIV fund
Aviva Investors has been appointed by London CIV to manage the Inflation Plus Fund.
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Online
Three-point plan to boost London’s retail sector from Colliers
An online sales tax, free travel into town centres and VAT relief have been put forward by Colliers International as three urgent measures to boost the retail sector in London.
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News
Harworth makes five appointments to north and Midlands team
Land developer Harworth has hired five people as part of the firm’s growth in the north of England and Midlands.
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Online
Savills sells Forest Hill store for £19.1m
Savills has sold a 48,808 sq ft food store in Forest Hill, south London, to a private client of Wilton Estates.
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Online
Aberdeen Standard lets 28,000 sq ft unit at Heathrow Airport
Aberdeen Standard Investments’ Airport Industrial Property Unit Trust fund (AIPUT) has completed contracts with Rygor Commercials for the long-term occupancy of a 28,000 sq ft unit at Heathrow Airport.
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News
Zoopla to spend £30m making platform free for nine months
Property portal Zoopla will allow new agents to use the platform for free for the first nine months in a £30m bid to restart the residential property market post-lockdown.
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Online
Investec refinances £8m for London warehouse conversion
Investec has provided an £8m loan to support a warehouse-to-residential conversion in London.
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Online
Urban & Civic reports 7% drop in NAV
Urban Civic saw a 7% drop in net asset value (NAV) per share in the six months to 31 March, falling to 3.1% when accounting for a discount in valuations.
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News
Demand for residential near green spaces up 76%, RICS survey reveals
The demand for residential property near green spaces is predicted to increase by 76% following the reopening of the housing market.
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Online
Zara owner to close up to 1,200 stores around the world
Zara owner Inditex will close as many as 1,200 stores across the world due to trading losses caused by the coronavirus pandemic.
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News
I’Anson buys 13-acre Harrogate industrial site
Animal feed manufacturer I’Anson has purchased a 13-acre site in Dalton, North Yorkshire for an undisclosed sum.
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News
Entertainment operator lets 31,000 sq ft in Warrington
Family activity provider Gravity Active Entertainment has signed a 15 year lease for a 31,000 sq ft space at a £142m mixed-use destination in Warrington town centre’s Time Square.