All Property Week articles in 7 December 2012 – Page 3
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OnlineCarpetright increases profits but takes property hit
Carpetright has increased its first half profits but has taken a hit from its property portfolio.
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OnlineWhitbread increases sales across Premier Inn and Costa
Whitbread has revealed like-for-like sales across its business increased by 3.3% in the 13 weeks to 29 November and it is on track to deliver full year results in line with expectations.
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OnlineTerrace Hill's NAV edges up as it returns to profit
Terrace Hill has increased its net asset value per share by 0.7% to 28.3p in the year to 30 September and has returned to profit.
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OnlineBSkyB appoints new adviser for UK portfolio
Broadcaster BSkyB has appointed Cushman Wakefield as real estate advisor across its UK Ireland corporate portfolio, Property Week can reveal.
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OnlineStead & Simpson to close 90 stores
Shoe retailer Stead Simpson is planning to close 90 unprofitable stores across its portfolio following a review of the business.
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OnlineHenderson secures consent for Swindon Designer Outlet extension
Henderson Global Investors has received planning consent for a £35m extension of around 50,000 sq ft of retail and catering space at its Swindon Designer Outlet Centre.
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OnlineCordea Savills resi fund makes first purchases
Cordea Savills’ London Residential Development Fund has made its first two acquisitions: a former chapel and a former college building in Chelsea.
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OnlineAccor lines up four hotel developments
Hotel operator Accor has bought four new hotel development sites, including one in London and three in Edinburgh.
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OnlineNew debt fund picks chairman ahead of IPO
A new property senior debt fund has lined up a heavyweight Scottish business figure as chairman ahead of an expected initial public offering next week.
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OnlineUK Coal completes restructuring
Listed company UK Coal has completed the restructuring that will see its property assets spun off into a separate company.
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OnlineGreat Portland starts spending £140m share issue proceeds
Great Portland Estates has completed the first of three anticipated deals from its recent £140m equity raising.
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OnlineCouncil beats sovereign wealth to £150m office
A prime London office in the shadow of the Shard is to be bought for £150m – by the local council.
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OnlineLondon council beats sovereign wealth to £150m office
A prime London office in the shadow of the Shard is to be bought for £150m – by the local council.
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OnlineHermes submits plans for Guildford site amid sale
Hermes Real Estate Investment Management has submitted a planning application to demolish dilapidated buildings on the North Street site in Guildford, which has been earmarked for a 400,000 sq ft retail development adjacent to its Friary Centre.
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OnlineJLL opens new City residential office
Jones Lang LaSalle’s residential team has opened a dedicated sales office in the City of London, headed up by former Hamptons International sales director Richard Pine-Coffin.
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OnlineSoho Estates buys Royalty House
Soho Estates has purchased Royalty House in Soho from Wereldhave for £20.75m in an off-market transaction.
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OnlineShoe designer snaps up third London store
Designer shoe brand Jimmy Choo has taken its third stand-alone London store on Dover Street.
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OnlineAcuitus auction raises £29.27m
Acuitus raised £29.27m from its December auction, achieving its best success rate of the year at 85%.
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OnlineLimited Brands plans Victoria's Secret Bond Street extension
Limited Brands, the parent company of Victoria’s Secret, has agreed a deal to take the store adjacent to the lingerie retailer’s existing New Bond Street shop for a possible extension.
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OnlineKuwaitis close in on 5 Canada Square
St Martins Property, the real estate fund of the Kuwaiti government, is close to acquiring Bank of America’s European headquarters in Canary Wharf.
