All Property Week articles in 6 July 2018
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Online
Globalworth adds €101m Spektrum Tower in Warsaw to office portfolio
Europa Capital has sold its Warsaw landmark office building at Spektrum Tower to CEE office investor Globalworth for €101m (£89.2m).
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Central London under offers hit 18-year high
The amount of central London office space under offer increased by 39% over the course of Q2 2018 to reach 4.3m sq ft, the highest quarterly level since Q3 2000.
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Birchgrove acquires £34m GDV retirement living site in Woking
Birchgrove, back by Bridges Fund Management, has acquired a retirement development site in Woking with detailed planning permission for an assisted living scheme with a GDV of £34m.
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Hammerson secures & Other Stories and Bershka for South West debuts
Hammerson has signed H M brand Other Stories and fellow fashion retailer Bershka for regional debut stores at its Cabot Circus shopping centre in Bristol.
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Nomura acquires majority interest in Lothbury
Nomura Real Estate Holdings has acquired a 75% stake in UK-based Lothbury Investment Management Group (LIM) as part of a planned European expansion for the £9.2bn Japanese investment manager.
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Green light for Seaforth's renovation of Spitalfields House
Seaforth Land has been granted planning permission for the renovation of its Spitalfields House asset into a mixed-use building.
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CBRE brings in Day from DWS as senior director
CBRE has appointed Richard Day from DWS, which was previously known as Deutsche Asset Management, as a senior director in its London capital markets team.
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Principal purchases prime Milan office for Euro fund
Principal Real Estate Europe has acquired an office property in Milan’s prime office district from Amundi Real Estate Italia SGR on behalf of its Principal European Office Fund.
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AXA and Kennedy Wilson make €161m Irish PRS deal
AXA Investment Managers - Real Assets and Kennedy Wilson have acquired 274 flats and a four acre development site at The Grange in Dublin for €161m (£142m) on behalf of their newly formed Irish PRS joint venture.
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Barings inks first floating rate deal with Brockton
Barings Real Estate has provided its first floating rate senior debt facility – a £42.7m loan to Brockton Capital secured against The Pinnacle in Leeds.
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Tunstall broadens investment criteria for debt fund
Tunstall Real Estate Asset Management has broadened the investment criteria for its debt fund DPO Fund 1 to include eight new countries.
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Kostic Samen takes over British Council for Offices presidency
KKS Strategy managing partner takes over from Ken Shuttleworth
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PHP makes forward purchase of Bray primary care centre
Specialist healthcare investor Primary Health Properties has agreed to forward-fund a purpose-built primary care centre in Ireland for €22.3m (£19.7m) through its Irish investment vehicle PHP ICAV.
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Pembroke makes Seattle debut with $338m HQ office purchase
Pembroke has made its debut investment in Seattle with the $338m (£255m) acquisition of 400 Fairview Avenue from Skanska USA and TH Real Estate.
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Telford appoints Savills to find funding partner for BTR pipeline
Housebuilder Telford Homes has announced it has appointed Savills as it is “determined to find the right investor” to fund its growing build to rent business.
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Barratt Developments FTSE 100 top riser after trading update
Barratt Developments was the top riser on the FTSE 100 on Wednesday as shares rose 3.69% to 500.65p after the group issued a trading statement predicting record annual profit for the 2017/18 financial year.
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Government reveals five-year estate strategy
The government has committed to reducing the number of government-owned office buildings from 800 to under 200, saving £3.6bn over the next 20 years, and has outlined plans to free up land for housing in its 2018 estate strategy.
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Amazon and WeWork to let 90,000 sq ft Manchester office
Amazon and WeWork are understood to be in advanced discussions to agree a letting deal on Hanover House in Manchester.
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Diamond adds shine to City as tower gets the green light
Hong Kong developer says approval for Square Mile’s third-largest tower is ‘vote of confidence’ in London.
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M7 makes €140m multi-asset purchase for EREIP IV fund
M7 Real Estate has acquired €140m (£123m) worth of assets across Europe on behalf of its M7 European Real Estate Investment Partners IV fund.