All Property Week articles in 6 August 2021 – Page 6
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Plans approved for Leeds life sciences hub at Drapers Yard
Officer’s have approved CEG’s planning application to revitalise Drapers Yard on Marshall Street in Leeds into a life sciences hub for diagnostics and drug development company Labcorp.
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Study Inn to convert Leicester office block into £30m PBSA scheme
Study Inn Group, a luxury hotel-style student accommodation developer and operator, has purchased Reynard House, a former office block in Leicester, to convert into purpose-built student accommodation (PBSA).
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Chancerygate submits plans for two industrial sites
Chancerygate has submitted plans to speculatively develop sites in Aston Clinton, Buckinghamshire, and Brackley, South Northamptonshire, with a combined GDV of £37m.
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Wanis snaps up 100,000 sq ft at Rainham SEGRO Park
Food and drink importer and distributor Wanis International Foods has acquired a new 100,000 sq ft regional distribution centre at SEGRO Park, Rainham.
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UK build-to-rent market posts ‘record’ levels of investment
The UK’s build-to-rent (BTR) market has recorded a 79.8% increase in investment in the first half of 2021 compared with the same period last year, Knight Frank has revealed.
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Schroders’ later-living fund and Elysian purchase £55m Tunbridge Wells site
The UK Retirement Living Fund (ReLF), managed by Schroders Capital and advised by Octopus Real Estate, has acquired a large site in the centre of Royal Tunbridge Wells in a joint venture with Elysian Residences.
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Clearbell acquires four offices for refurb
Clearbell UK Strategic Trust (CST), a fund advised by Clearbell Capital, has announced four new office acquisitions.
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NAV dips at CLS due to “less leasing activity”
Net asset value (NAV) at CLS Holdings dipped in the six months to the end of June due to “less leasing activity”, Fredrik Widlund, chief executive at CLS Holdings told Property Week.
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Exchange Quay abuzz with new bee yard and restaurant
Manchester office campus Exchange Quay has expanded its offering with a new restaurant alongside a new bee yard, welcoming 40,000 worker bees.
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New hires for CBRE’s planning and development team
Ian Harris and Michelle Simpson-Gallego have been appointed as senior director and director respectively in CBRE’s Midlands and South West planning and development team.
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Cheshire West and Chester Council seeks partner for historic building redevelopment
Cheshire West and Chester Council has appointed CBRE to seek a development partner to revive grade II-listed building Dee House.
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Glenny to market railway arches in east London
Glenny has been appointed by The Arch Company to market 114 arch units in east London that total 145,000 sq ft, with a rent of £2.1m a year.
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Developer Gavin Woodhouse under fraud and money laundering investigation
Developer Gavin Woodhouse and his associates are under investigation for fraud and money laundering regarding investments offered into care homes and hotels between 2013 and 2019.
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Residential property transactions surge 20% in last quarter
Completed residential property transactions totalled 290,248 in Q2 2021, a surge of 20% from the previous quarter and soaring 252% compared with Q2 2020, according to data from Search Acumen.
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Capita to expand warehouse capacity at Frogmore’s Lingfield Point
Capita Record Management has increased its warehouse space by 20% from 336,700 sq ft to almost 400,000 at its North East operations at Lingfield Point, Darlington.
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Gresham House loaned £30m to grow BTR pipeline
Gresham House has agreed a long-term debt facility of up to £30m to support further investment in affordable mid-market build-to-rent housing through its British Strategic Investment Fund (BSIF) strategy.
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Topland snaps up Maidstone DFS store
Topland has acquired an a DFS store in Maidstone from Harmsworth Pension Fund, Property Week can reveal.
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Prime central London housing market recovery delayed
Savills’ five-year forecast reveals that the UK prime housing market is expected to grow by 9%, up from 5%, while London’s recovery has been delayed.
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ADIB provides £200m to finance Tesco and Waitrose supermarket
Abu Dhabi Islamic Bank (ADIB) has provided £200m of structured finance for Middle Eastern investors for two supermarkets in the UK.
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PBSA investment hits £2bn in H1 2021
Investment into purpose-built student accommodation (PBSA) reached £2bn in H1 2021, according to data from Knight Frank.