All Property Week articles in 7 December 2018 – Page 7
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Insight
Government’s housing Luvvies are all style and no substance
Everything’s been tried: Help to Buy, lifting council house building caps, modular homes. But still the government is nowhere near to hitting its target of 300,000 new homes a year. There’s only one solution. Call in… The Luvvies.
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News
L&G plans to turn giant House of Fraser in Birmingham into offices
Legal General has drawn up plans to turn House of Fraser’s giant store in Birmingham into offices and a hotel after seeing the value of the property and its rental income fall sharply, Property Week can reveal.
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Online
Allsop sees turnover fall but profit rise
Property consultancy and auctioneer Allsop has announced an annual turnover of £42.8m, down 3% from £44.2m last year, in its financial results to March 2018.
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Online
IBM pauses search for 200,000 sq ft London office
IBM has put its search for 200,000 sq ft of offices in London on hold while it negotiates a potential refurbishment of its current building on the South Bank.
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Insight
We must stop scapegoating foreign housebuyers
The critical state of the UK’s housing market is widely recognised and debated by policymakers and yet policy to date has largely hindered the creation of new supply. Instead of addressing this fundamental problem, many consider the government’s actions on the issue in recent years to be scapegoating.
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Insight
Traditional landlords can easily adapt to co-working
The past week has seen further evidence of the structural change in the office market, from traditional leased space to flexible and co-working alternatives.
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Online
Argent secures £400m green loan for Kings Cross development
Argent has secured a £400m ‘green loan’ facility from Wells Fargo, HSBC and Helaba to develop two new office buildings at Kings Cross.
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Online
Stifel property analyst Cockburn joins Panmure
Panmure Gordon has recruited experienced real estate analyst Miranda Cockburn as a managing director in its equities business.
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Professional
Ninjas show companies don't need an office to thrive
Mitchell Labiak talks to a digital marketing agency that operates completely by remote working
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Online
Quilter to take 85,000 sq ft at Senator House
Wealth management giant Quilter has pushed co-working brand Spaces aside to go under offer on 85,000 sq ft of space in Legal and General’s Senator House.
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Online
JMK secures €35m refinancing
JMK Group has secured a €35m (£31m) refinancing of the Holiday Inn Express hotel in central Dublin.
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Online
M7 adds Dublin industrial estate to portfolio
M7 has acquired the Westlink industrial estate on the outskirts of Dublin for €13.9m (£12.4m).
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News
Allsop launches its biggest catalogue in three years
Auction house will offer 273 lots at its last residential sale of 2018, including 13 lots guided at £1m or above
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News
Proptech firm MRI Software buys Thesaurus Technology
Global proptech firm MRI Software has acquired Thesaurus Technology which specializes in cloud-based software for residential sales and lettings agents.
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Online
Peel Hunt note sends Civitas shares tumbling
Brokers at Peel Hunt have fired a warning over the outlook for supported living REITs after Westmoreland Supported Housing, a tenant of Civitas Social Housing and Triple Point Social Housing, was given a ‘non-compliant’ rating for viability and governance by the regulator.
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Online
Mixed day for listed real estate as Brexit uncertainty continues
The FTSE 100 fell 0.6% to 7,031.14 points on Tuesday as the government faced a trio of defeats in the House of Commons throwing the fate of Brexit deal, which will be put to parliament next week, into further jeopardy.
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News
BidX1’s next online auction set to feature ‘mix of quality assets’
Digital auction platform BidX1 has released the catalogue for its next online auction, which will be its first to feature both residential and commercial lots.
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Professional
Gove’s green push might be the start of something big
This week sees world leaders, civil society and the finest climate scientists descend on Katowice, the coal capital of Poland, for COP24, the United Nation’s climate conference.
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News
Heitman makes double Dutch deal
Investor Heitman has acquired a 282-unit senior living scheme in Groningen and a two-building residential portfolio in Amsterdam for a total of €150m as part of focus on investment in the Netherlands.
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News
Sears sell-off continues with $62m Amerco deal
Struggling American retail giant Sears has sold off a package of its real estate assets to Amerco Real Estate for $62m (£48.7m).