All Property Week articles in 7 December 2018 – Page 2
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News
RICS event panel slams real estate’s failure to tackle sustainability and diversity
A panel made up of some of UK real estate’s top chief executives during RICS’s Commercial Property Conference 2018, at the Park Plaza Victoria, criticised the industry’s lack of success in embracing technology, increasing diversity and fighting climate change.
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News
First-time Middle Eastern developer buys City building for £39m
Soor Capital, a private Middle Eastern investor, has bought 23-26 Austin Friars in London for £39.05m. The deal is Soor Capital’s first investment in the UK and represents a net initial yield of 5.05%, equating to £700 per sq ft.
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News
Salmon submits planning application for 45,000 sq ft industrial scheme
Salmon Harvester Properties has submitted a planning application for a 45,000 sq ft industrial development on the last remaining 2.7-acre site in Orbital Park in Ashford, Kent.
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Online
Designer Exchange secures luxury flagship on King's Road
Sloane Stanley has secured luxury retailer Designer Exchange for a 1,352 sq ft flagship store on the King’s Road in west London.
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News
Private sector provides over half of all student beds
The private sector now makes up over half of all student accommodation if on-campus partnership bed spaces are counted as ‘private sector’ beds, according to data from Cushman Wakefield released at Property Week ’s Student Accommodation Conference .
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Online
Hillnic acquires Reading's Cadogan House for resi conversion
Residential developer Hillnic has acquired the former Cadogan House site in Reading with plans to convert the two-storey office building into a £12m gross development value housing scheme.
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News
Bevan Brittan poaches housing and legal team from Dentons
The law firm Bevan Brittan LLP has hired the housing and legal team which previously worked at Dentons.
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Online
Aviva acquires Aurora office in Ealing
Aviva Investors has acquired the Aurora office building in west London from Moorfield for an estimated £38m, as tipped by Property Week .
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Online
Medici and Corestate launch world’s largest co-living investment vehicle
Berlin-based Medici Living and Frankfurt-listed Corestate Capital Holding are joining forces to invest €1bn (£910m) of equity and debt in the co-living sector in Europe over the next three to five years.
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Online
Buyer revealed for £48m Clapham Junction Debenhams
Developer W Real Estate has been unmasked as the buyer of BL’s Grade II-listed, Debenhams-let ‘Arding and Hobbs’ building in Clapham Junction.
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Online
Mayor gives green light to called-in Abbey Wood resi-led scheme
The Mayor of London, Sadiq Khan, has approved an amended 272-home scheme close to the future Abbey Wood Crossrail station five months after it was rejected by Greenwich Council.
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Online
Spaces secures spot in Aberdeen's Marischal Sq
Spaces has taken 26,400 sq ft in Aberdeen’s Marischal Square development.
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Online
L&G builds BTR team with triple hire
Legal General has made three hires to expand its build-to-rent (BTR) team including the appointment of Grainger’s Nisha Kerai as senior asset manager.
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Online
City corporation sells London Wall office
The City of London Corporation has sold the 150-year leasehold at 1-5 London Wall Buildings for £97.1m to a joint venture between Angelo Gordon and Endurance Land.
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Online
Savills IM buys 125 Shaftesbury Avenue as it prepares fund launch next year
Savills Investment Management completed the purchase of 125 Shaftesbury Avenue for £267m from Almacantar and is set to launch a new fund on behalf of Korean institutional investors next year.
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Online
Irwin Mitchell takes on Tym to boost real estate team
Irwin Mitchell has appointed a new senior associate for its national real estate department.
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Online
Elephant and Castle redevelopment gets City Hall sign off
Delancey and APG’s Elephant and Castle shopping centre redevelopment plans have been rubberstamped by City Hall.
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Online
Carpetright continues store closures as losses deepen
Struggling retailer Carpetright has reported a loss before tax of £11.7m for the first half of the year as it continues its ongoing store closure programme.
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Online
Retail capital values fall by 5.3% this year
Retail sector capital value fell 1.9% in November, taking the sector’s overall decline so far this year to 5.3%, according to CBRE.
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Online
MedicX posts robust annual results
Healthcare property group MedicX Fund has posted a 6.9% rise in net asset value (NAV) for the year to 30 September.