All Property Week articles in 6 September 2013 – Page 4
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New York REIT buys £40m Salford block
WP Carey, the real estate investment trust, has bought an office building in Manchester that is leased to the Department for Communities and Local Government.
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Norwegians buy $684m stake in New York tower
Norway’s sovereign wealth fund, the Government Pension Fund Global, has bought a 45% stake in New York’s Time Square Tower for $684m.
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One in every seven shops remains empty
One in seven of Great Britain’s shops remain empty as shopping centres bear the brunt of vacancies, according to research by the Local Data Company.
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Research identifies pockets of retail growth and resilience
Pockets of resilience and retail growth exist outside of London, demonstrating high streets are far from dead, research by Jones Lang LaSalle has found.
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Sports Direct's head of property quits to join rival start up
Sports Direct’s head of property has quit the retailer to join a rival start up.
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Office relocations "will save retail"
Businesses must be persuaded to relocate to city centres to save ailing high streets, a think tank has urged.
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Telereal Trillium plans 121 homes on DWP site
Telereal Trillium has submitted a planning application for a 121-unit mixed residential development at the Department for Work and Pensions’ Lawnswood site on Otley Road, Leeds.
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Club Monaco agrees first UK store
Major US fashion brand Club Monaco has agreed a deal to open its debut UK store.
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Hammerson appoints head of sustainability
Hammerson has appointed a new head of sustainability to oversee the retail REIT’s corporate responsibility strategy and community initiatives.
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Travis Perkins to defend West Hampstead store from resi redevelopment
Travis Perkins is mounting a fight to continue trading at its West Hampstead store, as Camden Council plans to sell the site for a residential development.
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Property sector could recoup £10bn bank mis-selling windfall
Property borrowers are in line to recoup between £5bn and £10bn from lenders due to complex interest swaps put in place at the height of the market.
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Plans submitted for £12.6m library for Marylebone
Westminster Council has unveiled plans to build a new three-storey library in Marylebone.
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Luxury student developer buys Bristol block
Fusion Students has exchanged contracts to buy Froomsgate House in Bristol to create a £35m-£40m luxury student housing scheme.
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Harvey Nichols to reopen Liverpool One luxury foodmarket pop up
Harvey Nichols will reopen its luxury pop-up Foodmarket at Grosvenor’s Liverpool ONE this Christmas, for a third consecutive year.
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LondonMetric ramps up distribution hub exposure
LondonMetric Property has agreed to buy two distribution warehouses in Northamptonshire and Leicester for £23.1m.
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TSB returns to the high street
TSB bank will today return to the high street as Lloyds Banking Group spins out the bank.
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Property sector could recoup £10bn bank mis-selling windfall
Property borrowers are in line to recoup between £5bn and £10bn from lenders due to complex interest swaps put in place at the height of the market.
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Date set to establish the future of LSH
An extraordinary general meeting has been scheduled for shareholders to vote on a possible restructure of Lambert Smith Hampton.
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Consultation launched on Woking town centre
A public consultation has been launched on plans for the 125,000 sq ft development of Victoria Square in Woking.
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Land Securities beats Lend Lease to North Street
Land Securities has been confirmed as development partner for Guildford’s North Street site in the town centre.