All Property Week articles in 6 November 2015 – Page 2
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Shin Kong makes £135m debut City buy
Taiwanese investor Shin Kong Life is on the cusp of making its debut London buy with the £135m purchase of a City of London office building.
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Domesday hotel sold for £9m
A historic hotel that got a mention in the Domesday book has been sold to Martin Shaw, part-owner of Eagle Resorts, for a guide price of just under £9m.
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BNP Paribas raises £227m for pan-European fund
BNP Paribas Real Estate has raised £227m from Italian and French insurance companies in the latest closing for its Next Estate Income Fund II.
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First tenant signs with Patrizia at Birmingham’s Edmund House
Patrizia UK has secured its first tenant at the newly refurbished Edmund House office building in Birmingham city centre.
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Centurion secures Aberdeen management mandate
Centurion Properties has secured a four-year mandate with Aberdeen Asset Management to manage a portfolio of multi-let industrial estates.
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EasyHotel to develop in Middle East
EasyHotel has agreed a development partnership with UAE-based MAN Investments to develop its hotels in the Middle East.
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Deutsche Bank takes 92,000 sq ft pre-let at the The Zig Zag
Land Securities has pre-let 92,000 sq ft at The Zig Zag Building, Victoria, to Deutsche Bank on a 15-year lease.
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Property shares hit as US rates predicted to rise
Britain’s top share index hit a three-week low on Monday, with Intercontinental Hotels Group falling after saying it was not considering a potential sale or merger move and miners tracking weaker metals prices.
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KWE increases Euro notes by €100m
Kennedy Wilson Europe Real Estate has upsized the first draw down under its Euro Medium Term Note programme by €100m (£71m), issuing a total aggregate principal amount of €400m senior unsecured notes due 2025.
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CapCo predicts 10% rental growth
Capital and Counties Properties (CapCo) has revealed it is on course to hit an estimated rental value (ERV) of £100m by December 2017 in its latest update to the market this morning.
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Minister says Community Infrastructure Levy is stalling developments
Housing minister Brandon Lewis has said that the pooled structure of the Community Infrastructure Levy is making residential schemes unviable for some developers.
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LandSecs raises dividend as revenue profit rises
Land Securities, the UK’s largest property group, has reported its total property return underperformed the market in the first half of the year, but said it had pushed up its interim dividend as its revenue profit increased.
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London office development up 18% in six months
Office space under development in central London increased by 18% in the last six months, according to Deloitte Real Estate.
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Mulbury appoints Alderson for city centre push
North West developer Mulbury has appointed James Alderson, formerly of Arcadis, to lead its city centre residential development business.
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Superbowl signs in Newport
Queensberry Real Estate has signed a deal with bowling operator Superbowl UK to take space at its Friars Walk development in Newport.
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Moorfield makes Old Vinyl Factory purchase
Moorfield has bought the Shipping Building at the Old Vinyl Factory estate in Hayes from U+I for its Real Estate Fund III.
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Southbank and City office rent gap hits historic low
The gap between prime office rents in London’s Southbank and the City has fallen to its lowest level since records began, according to analysis by Knight Frank.
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M7 raises £28m for second European fund
M7 Real Estate has raised more than £28m of equity and loan note issuance for its second continental European fund.
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Rockspring strengthens European team
Rockspring has appointed two directors to its continental European transactions team. Eduardo Noguera Eduardo Noguera has joined as European director and will be based in London. Balazs Hornok has been appointed acquisitions director and will be based in Berlin. They will both report to partner Jo De Clercq and ...
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Arthur Morrice buys Mayfair lease for fifth central London store
Designer opticians Arthur Morrice has bought a 13-year lease on 5-6 Stafford Street in Mayfair to open its fifth store in central London.