All Property Week articles in 6 August 2021
View all stories from this issue.
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Insight
Will new arbitration act help to resolve rent disputes?
With estimates showing pandemic-induced rent arrears to be somewhere between £5bn and £7bn, it is clear that a significant problem is growing in the world of commercial real estate. After the pressures of the pandemic, it is no surprise that tensions may be running high.
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News
Urbanest gets green light for mixed-use Tower Hamlets scheme
The London Borough of Tower Hamlets has granted approval for Urbanest’s student residential-led, mixed-use scheme at 2 Trafalgar Way, on the edge of Canary Wharf, London.
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News
Mid Suffolk District Council set to approve 2.45m sq ft logistics park
Mid Suffolk District Council is set to grant planning consent for the 2.45m sq ft innovation, business and logistics Gateway 14 scheme in Stowmarket, adjacent to Junction 50 of the A14.
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News
Clearbell lets 14,600 sq ft of office space in Solihull
Clearbell Property Partners II LP, a fund managed by Clearbell Capital LLP, has let 14,600 sq ft of office space at Blenheim Court in Solihull to Chadwick Business Centres.
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News
CBRE Global Investors shakes up executive team
CBRE Global Investors (CBRE GI) has made three appointments including a new global chief investment officer.
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News
Investec loans Fairway £16m for Belgravia resi redevelopment
Investec Real Estate has loaned Fairway Capital £16.4m to fund the acquisition and redevelopment of 4 Wilton Crescent, a luxury residential property in Belgravia.
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News
Aberdeen Standard European Logistics Income’s gross assets exceed €500m benchmark
Aberdeen Standard European Logistics Income’s gross assets have exceeded the €500m (£426m) benchmark as its portfolio valuation nudged up by 1.9% for the quarter ended 30 June 2021.
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Online
Planning approval granted for first phase of Sheffield’s West Bar development
Planning approval was granted yesterday for delivery of the first phase of the new West Bar mixed-use development in Sheffield.
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Online
ETAC agees lease on distribution centre at Hartlebury Trading Estate
An assistive devices developer has signed a pre-let agreement for a purpose-built 30,000 sq ft distribution facility at Schroder UK Real Estate Fund’s Hartlebury Trading Estate.
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Online
Platform Edozo secures fresh funding
Edozo has secured £2m from venture investors in the first half of 2021, which it said would enable it to grow market share, develop new products and upscale the team.
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Online
BNP Paribas and DekaBank loan £120m for Paddington’s The Point
BNP Paribas and DekaBank have provided a new, five-year £120m loan secured on The Point, Paddington, a 233,539 sq ft HQ multi-let office building in central London that was purchased by Tishman Speyer in 2014.
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Online
CA Ventures and Harrison Street launch JV for student development
CA Ventures and Harrison Street have announced the launch of a new Irish joint venture and the closing of a transaction that will deliver a 623-bed purpose-built student accommodation (“PBSA”) community in Cork, Ireland.
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Online
KSL affiliate provides £85m to refinance London hotel
An affiliate of KSL Capital Partners has provided a loan of up to £85m to an affiliate of Resolution Property to refinance the development facility secured on the recently opened Hyatt Place, London City East hotel.
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News
Insolvency service shuts down Magna Group after ‘misleading’ investors
Residential developer Magna Group has been shut down after an investigation by the insolvency service found it misled investors.
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News
Thirteen and Incommunities to deliver 200 affordable homes in Kirklees
Northeast housing provider Thirteen and Yorkshire housing association, Incommunities have won a contract to deliver over 200 affordable new homes in West Yorkshire for Kirklees Metropolitan Council.
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News
Planet Organic opens at £140m Newham’s Yard
Organic supermarket Planet Organic is set to open at Galliard Homes new £140m mixed-use development in Southwark Newham’s Yard.
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News
The Collective opens interior design café/bar concept in Leeds
The Collective, an interior design and cafe-bar concept, has signed a lease at 34 Boar Lane in the centre of Leeds from landlords Kinrise.
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Online
Croydon goes back to drawing board on £1.4bn retail scheme
Croydon Council and joint venture partners Unibail-Rodamco-Westfield and Hammerson are redrawing plans for the £1.4bn redevelopment of the Whitgift Centre in Croydon town centre.
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News
Buy-to-let properties top Savills 110-lot September catalogue
Savills has unveiled a flurry of buy-to-let opportunities in its 110-lot catalogue for its 1 September online auction.
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News
Abercorn Schools acquires former Pineapple Dance Studios
Abercorn Schools has acquired a 17,000 sq ft building in Marylebone, W1, from Regent’s University, which was the former home of Pineapple Dance Studios (known as Pineapple West).