All Property Week articles in 5 October 2018
View all stories from this issue.
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Online
AIPUT's cargo warehouse cleared to land outside Heathrow
Aberdeen Standard Investment’s AIPUT fund has secured a resolution to grant planning permission for a 250,000 sq ft custom-built cargo warehouse serving Heathrow Airport.
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Forth Ports plans approved for 1,600 home Western Harbour development
Developer Forth Ports revised design framework for a new 1,600 home development at Western Harbour in Leith has been approved by the City of Edinburgh Council.
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Muse serves up new UK distribution centre for Brewdog
Independent craft beer company BrewDog has acquired the 129,000 sq ft ‘Vertex’ building at Muse Developments’ Eurocentral Business Park in Lanarkshire to serve as its new UK distribution centre.
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RBS backs £33m Leeds PBSA for London & Scottish
LSSH Symons House, a development joint venture owned by investor London Scottish Investments and a US-based family office, has received financing from the Royal Bank of Scotland to redevelop a former Leeds office building into a £33m student accommodation scheme.
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General Projects and Northern & Midland JV toast approval for gin distillery conversion
A joint venture between developer General Projects and site owner Northern Midland Holdings has received planning permission to convert a former printing press and gin distillery in London’s Clerkenwell into a new office scheme.
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IPD co-founder Cullen retires from MSCI
MSCI real estate advisory director and IPD co-founder Ian Cullen has announced he will retire from the company in December.
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Frogmore secures Ovo Energy pre-let in Notting Hill
Independent energy supplier Ovo Energy has signed a pre-let for 21,000 sq ft of office space at Frogmore’s 69 Notting Hill Gate ahead of a planned international expansion.
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WH Smith set for high street store closures after profits fall
WH Smith has become the latest retail chain to announce a series of store closures after posting a fall in annual profits for its high street division.
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Mixed-use scheme to rise from Lazarus acquisition of Doncaster gasworks
National Grid Property has completed its biggest sale of the year with the disposal of a 7.6-acre former gasworks in Doncaster to Lazarus Properties.
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Full speed ahead for Bucchleuch and Argon's Velocity logistics scheme
Buccleuch Property and Argon Properties have received detailed planning consent to develop a 157,000 sq ft manufacturing and distribution unit at a 10-acre site in Armstrong Way, Washington.
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Circle NAV soars 87% since IPO
Regional office specialist Circle Property has announced an 87% rise in unaudited NAV since its IPO in February 2016 in a trading update ahead of half-year results.
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LJ Real Estate to convert first Leeds acquisition into office-leisure scheme
Leeds City Council has given planning permission for LJ Real Estate to convert 34 Boar Lane into a mixed-use office and retail building with a ‘leisure experience’ element.
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Green light for LJMU to deliver £64m Royal Mail student conversion
A £64m conversion of the former Royal Mail Sorting office into student facilities for Liverpool John Moores University (LJMU) has been approved by Liverpool City Council.
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Octopus appoints industry veteran as BDM
Specialist lender Octopus Property has appointed 17-year industry veteran Paula Purdy as business development manager for the north of England
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Gardiner Haskins’ Soapbox warehouse in Bristol comes to market
A 2.25-acre development site in Bristol containing retailer Gardiner Haskins’ warehouse has been brought to market.
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UK climbs as Ireland tops European BTL league for third straight year
Ireland has been named as the top European country for buy-to-let investors for third year in a row with the UK climbing from 25 th to 16 th on the back of rising average annual rental returns.
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Capreon completes £164m retail parks acquisition from Hammerson
Leo Noé’s Capreon has completed the acquisition of a pair of retail parks in Bristol and Fife from Hammerson for £164m.
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Henley wins big in Vegas with Cornerstone Crossing acquisition
The joint venture between Henley USA and Tower 16 Capital Partners has acquired a major multi-family scheme in an off-market deal to add to its Las Vegas portfolio.
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Munich tops Allianz's European office market ranking
Allianz has published its first-ever European office market ranking which sees Munich take the top spot for both core and value add office space, as London ranks seventh for core and seventeenth for value add.
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The Collective completes MBO of £125m Old Oak
The management of The Collective Old Oak, the giant co-living scheme in west London, has acquired the remaining 75% stake of the development that it did not already own with backing from Deutsche Bank and buy-out specialist Catalina Re.