All Property Week articles in 7 January 2022 – Page 2
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Praxis completes £38m double acquisition
Praxis has acquired two office investments in Orpington and Fareham for a total of £38m.
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Local developer acquires Eckersley Mill in Wigan
Wigan-based property developer and contractor The Heaton Group has confirmed its acquisition of Eckersley Mill and Swan Meadow, a key regeneration site in the Wigan Pier Quarter.
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Scottish real estate investment up 24% since 2020
The Scottish property market recorded over £1.3bn in investment volume in 2021, a 24% increase on the total for 2020, according to research by Lismore.
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Richmond American International University to move to Chiswick Park
Richmond, the American International University in London, is set to move to the Chiswick Park business campus in west London.
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Ardent UK appoints Cooper as finance director
US-based real estate investor The Ardent Companies has hired Suzie Cooper as its UK finance director.
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Shoosmiths takes space at 103 Colmore Row
Law firm Shoosmiths has taken 32,900 sq ft at Birmingham’s 103 Colmore Row, which has today reached practical completion.
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Cornwall Council buys modular homes from The Hill Group
Cornwall Council has signed a deal with The Hill Group to purchase SoloHaus modular homes to help tackle homelessness.
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Avanton launches BTR portfolio in Battersea
London investor-developer Avanton has launched its build-to-rent (BTR) portfolio in Battersea, south-west London, under its new brand A:Living.
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Round Hill Capital multi-family fund raises £117m
Round Hill Capital’s European multi-family fund has secured €140m (£117m) in additional capital from German and Japanese investors, taking its total size up to €340m.
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LabTech signs Peaky Blinders theatre show at Camden Market
Camden Market owner LabTech has signed a lease with Immersive Everywhere, which produces Peaky Blinders: The Rise, an immersive theatre show set to open in the market’s Vanguard Theatre this summer.
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South East offices saw £4bn injection in 2021
The South East office market saw £4bn of investment last year, a record for the region, according to Knight Frank research.
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Vistry hails “excellent performance” in 2021
Housebuilder Vistry Group has told investors it had an “excellent performance” in 2021 and expects profit to more than double that of the previous year.
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Savills enjoys end of year boost
Savills has told investors it had an “extraordinarily strong final trading period” in the final quarter of 2021, and that it expects profit to be ahead of expectations.
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Abrdn seeks to raise cash for acquisitions
Investment group abrdn European Logistics Income is launching another fund raising to help fund its acquisition pipeline.
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Helical to convert to REIT
Helical is set to convert to a REIT in order to avoid the April 2023 corporation tax rise from 19% to 25%.
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Poor ESG performance devaluing UK commercial real estate values, research shows
Over three-quarters of UK commercial real estate investors and property professionals polled in a study by Deepki predicted the capital value and rental income of their real estate assets would depreciate by over 20% if their ESG performance failed to improve.
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ASK lends £21.65m to BYM Capital for Barnet shopping centre acquisition
ASK Partners has provided a £21.65 senior loan facility to BYM Capital to fund its acquisition of The Spires shopping centre in Barnet, Property Week can reveal.
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GLI acquires six-acre industrial estate in Charlton
GLI has acquired a six-acre industrial estate in Charlton, south-east London, in an off-market deal.
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Care home operators face 30% rise in costs due to ‘perfect storm’
Care home operators’ costs are set to rise by a total of £165m across the sector this year due to the increased costs of labour, supply and finance, representing a 30% increase, according to research by Knight Frank.
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Portsmouth’s largest workspace secures 11,259 sq ft lettings deal
Portsmouth’s largest workspace Lakeside North Harbour has secured a 11,259 sq ft lettings deal with insurance broker Markerstudy Broking.