All Property Week articles in 7 February 2020 – Page 2
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Manchester City Council doubles office element of Ancoats scheme to 1m sq ft
Manchester City Council is set to double the amount of office space planned for its Central Retail Park site to 1m sq ft and may look for a development partner to bring the scheme forward.
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MedicX deal boosts PHP
Primary Health Properties has reported solid growth in earnings and net asset value in full year results.
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Hungry private investor snaps up KFC drive thru at record low yield
A high net worth private family has bought a KFC drive thru in north west London for £3.95m – a price that the seller, EPF Group, claims represents the lowest yield ever achieved for a drive-thru investment.
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JLL’s EMEA EBITDA tumbles 30% in 2019
JLL’s EMEA profits slumped 30% in 2019 after a slowdown in deal activity suppressed its transactional revenue.
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FEC reveals plans for £250m resi scheme in Canary Wharf
Far East Consortium (FEC) has unveiled plans for a £250m residential-led scheme in Canary Wharf after it bought a 49,000 sq ft site.
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HS2 approval paves way for investment in regions, industry says
The industry has welcomed the government’s decision to give HS2 the green light, saying it will unlock investment and development in regional cities.
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AshbyCapital makes three promotions
Investment advisory firm AshbyCapital has announced three promotions, two to director level and one to associate level.
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Italian restaurant to replace Nobu on Berkeley Street
Italian restaurant Il Borro has signed a 20-year lease at 15 Berkeley Street, which will be its first foray into the UK market.
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Albion Land sells first phase of Axis J9 for £24m
Albion Land has forward sold the first phase of its Axis J9 distribution and manufacturing park in Bicester to Aver Property Partnership for £24m.
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RICS to review valuation practices to build public’s trust in surveyors
The RICS plans to launch a review of valuation practices in the “coming weeks”, with the aim of ensuring surveyors remain “relevant and trusted” in the eyes of the public.
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Link REIT pulls out of intu’s £1bn equity raise
Hong Kong-listed Link REIT has pulled out of talks to participate in intu’s £1bn cash call.
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LGIM Real Assets appoints head of ESG
LGIM Real Assets has appointed a head of ESG as it gears up to hit its targets in the area.
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Urban Splash and Places for People secure £19.9m regeneration loan
Urban Splash and Places for People have secured a £19.9m development loan to finance the regeneration of Sheffield’s Park Hill estate, the largest listed building in Europe.
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Chancerygate and Bridges Fund Management purchase site for £35m industrial scheme
A joint venture of Chancerygate and Bridges Fund Management has bought a 12-acre site in Coventry to build a 254,000 sq ft industrial scheme worth £35m.
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Tristan Capital Partners takes up PRODA’s rent roll data management software
Tristan Capital Partners is deploying software by London-based proptech startup PRODA across its business.
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Iron Bridge acquires majority interest in Orlandis Capital
Property development lender Iron Bridge has acquired a majority interest in Orlandis Capital, the real estate JV equity provider founded by Christian Candy’s CPC Group.
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Supermarket Income REIT eyes British Land Sainsbury portfolio
Supermarket Income REIT has confirmed it is in discussions with an unidentified institutional investor to create a partnership to acquire a minority stake portfolio of 26 supermarkets from British Land.
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Contracts exchanged for The Hut Group’s £1bn HQ at Airport City Manchester
The Hut Group (THG) and Airport City Manchester have exchanged contracts for THG’s new £1bn, 1m sq ft campus.
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L&G submits plans for Epsom later-living scheme
L G’s retirement living arm Guild Living has submitted plans to regenerate a collection of unused NHS buildings in Epsom, Surrey, into a retirement living-led mixed-use scheme.
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New flex space and co-working search tool Spacepool launches
A new flexible office and co-working search tool called Spacepool has launched in London and aims to connect independent workspace operators with customers looking for space.