All Property Week articles in 5 October 2018 – Page 3
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Online
TJ Hughes takes former BHS store at Glasgow mall
Orion Capital Managers has let the former BHS store at East Kilbride Shopping Centre near Glasgow to TJ Hughes.
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Joseph Homes appoints St George's Bryn-Jones to target growth
Residential developer Joseph Homes has appointed Michael Bryn-Jones from St George as managing director as the sustainability focused firm targets “rapid growth”.
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Appointment at GIA Building Consultancy
Simon Waterhouse has been promoted to partner at GIA Building Consultancy.
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French Connection up for sale by founder
The founder and chief executive of fashion chain French Connection has announced the business, which has 130 stores in the UK, is up for sale.
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Singapore's Heeton secures Glasgow's Hotel Indigo
Maven Capital Partners has completed the £14.5m sale of the four-star Hotel Indigo Glasgow to Singaporean investor Heeton Holdings.
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Metropolitan and Thames Valley Housing complete housing association team up
Housing associations Metropolitan and Thames Valley Housing have completed their partnership to form Metropolitan Thames Valley.
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L&G secures Stafford Waterfront scheme for leisure fund
LGIM Real Assets has acquired the new Waterfront Leisure scheme in Stafford for £10m from LXB Retail Properties on behalf of its Leisure Fund.
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Trio of new partners for Glenny
Glenny has appointed three new divisional partners with William Martin, Daniel Wink and Christopher Clark all promoted to the senior role.
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Insight
If the Conservatives want to be the party of business, the opportunity is ready for the taking
The theme that the Conservatives sought to weave through last week’s conference was opportunity.
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Grainger’s Woodrow sets up own BTR business
Mark Woodrow has left Grainger to set up a new build-to-rent development and advisory company called BTR Partners.
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FCA proposes new property fund rules in wake of Brexit turmoil
Property funds for retail investors will have to suspend trading when the independent valuer expresses uncertainty about values under proposals outlined by the Financial Conduct Authority (FCA).
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Nan Fung ups UK exposure with Endurance Land investment
Hong Kong investor Nan Fung Group has taken a majority shareholding interest in London developer Endurance Land.
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GVA posts strong profit rise as accounts confirm takeover talks
GVA has posted a 20% rise in pre-tax profit off the back off a 4% rise in revenue, according to its latest accounts for 2017 filed at Companies House.
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Royal London buys office scheme in Soho for £73m
UK Commercial Property REIT has sold 15 Great Marlborough Street, in London’s Soho, to Royal London Asset Management (RLAM) for £73.2m in an off-market deal.
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Knight Frank profits bounce back
After falling for two years in a row, full-year profits at Knight Frank have bounced back, climbing 14% thanks to strong growth in the UK and overseas.
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Take-off for two new hires at Glenhawk
Developer Guy Harrington’s recently launched specialist UK property lender Glenhawk has made a double new appointment with Harleigh French joining as business development associate and Nicholas Hare as analyst.
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Hammerson exchanges on £236m Highcross sale
Hammerson has exchanged contracts for the sale of a 50% stake in Highcross shopping centre in Leicester for £236m – a 5% discount to book value.
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Round Hill Capital makes pair of resi buys for JVs
Investor Round Hill has added student and residential assets to its portfolio with a 698-bed purpose-built student accommodation acquisition in the Netherlands as part of its KKR JV and teamed up with Canada’s Ivanhoe Cambridge to acquire 362 units in Germany.
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Intu shares soar 27% on takeover interest from Brookfield and Whittaker
Shopping centre giant Intu has seen its share price soar 27% this morning to 188.8p after investor Brookfield confirmed it was in the preliminary stages of considering a cash offer for the group as part of a consortium.
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Record year sees Edinburgh office market peak with three months spare
A strong Q3 has seen Edinburgh’s office market break its annual 10 year average, exceeding 1.1m sq ft in total take-up for the year to date.