All Property Week articles in 6 March 2020 – Page 3
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Online
Tesco to sell Thailand and Malaysian businesses for £8bn
Supermarket giant Tesco has announced the sale of its Thailand and Malaysian stores to Thai conglomerate Charoen Pokphand for $10.6bn (£8.1bn).
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Insight
The ever-changing workplace
How digital tech is shifting the focus from facilities to communities.
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Madison raises $1.2bn for latest fund
Madison International Realty has revealed the final closing of its Real Estate Liquidity Fund VII with $1.2bn (£910m) of equity commitments.
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Avamore funds £13.1m Newbury scheme
Avamore Capital has completed funding for a £13.1m scheme in Newbury, which takes its total transaction amount for the development and bridging lender to over £200m.
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Co-op chief warns chancellor over business rates
The head of one of the UK’s largest supermarket chains has warned the chancellor that business rates represent “a hidden cost” for the country’s most vulnerable communities.
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Segro makes two appointments
Segro has appointed James Craddock as its new business unit director for Thames Valley and David Proctor as its new group director of investment.
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Sellar appointed on 1.2m sq ft Canada Water Dock scheme
Sellar has been appointed to co-develop the 4.5-acre Canada Water Dock following the site’s sale to German property investor and developer Art-Invest Real Estate for £140m.
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Heylo poaches TSB risk expert
Heylo Housing has appointed TSB Bank’s chief risk officer, Iain Laing, to take the same role at the UK’s largest provider of shared ownership homes.
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UKCM sells Portsmouth car retail scheme to Glasgow City Council
UK Commercial Property REIT (UKCM) has sold Motor Park in Portsmouth to Glasgow City Council for just under £30m.
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Southern Grove buys site for affordable residential scheme
Southern Grove has exchanged contracts for a site in Hemel Hempstead to build a 100% affordable residential tower.
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News
M&G Real Estate completes sale of £39.75m Lutterworth logistics site
M G Real Estate has sold a logistics facility at Magna Park, Lutterworth to Aver Property for £39.75m.
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Knight Frank Manchester adds partner to logistics team
Knight Frank has appointed a new partner to its Manchester logistics team. Sam Royle has joined the business from Cushman Wakefield to work with existing logistics team members Rob Tilley and Bradley Norton.
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Former HB Reavis director to head up development management venture at IV Real Estate
Former HB Reavis development director Kiran Pawar has joined IV Real Estate Forum to head up a new development management arm of the business, IV Development.
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Government announces new ‘Suburbs Taskforce’
Cross-party parliamentary group London’s Planning and Built Environment has voted to establish a ‘Suburbs Taskforce’.
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Racehourse Owners Association relocate to Reading office
Racehorse Owners Association (ROA) is relocating its High Holborn office to Tw12ve in Reading.
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Redevco acquires mixed use property in Düsseldorf for over £87m
Real estate investment manager Redevco has acquired a 409,028 sq ft mixed-use property in Düsseldorf for more than €100m (£87m).
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Bruntwood raises £91m with second retail bond
Bruntwood has raised £90.87m through the issue of its second retail eligible bond.
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Green light given for YLT Arena Bristol Complex
Bristol City Council has approved plans for the new YTL Arena Bristol Complex.
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News
UK investors ramp up overseas spending
UK investors increased investment in Europe by a fifth between 2015 and 2019 and slashed investment at home.
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SEGRO launches FLEXI platform to offer sheds on shorter leases
Launch of new business is response to demand from small companies seeking leases from one to four years