All Property Week articles in 7 June 2019 – Page 2
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Sports Direct lodges legal challenge to Debenhams CVA
Mike Ashley’s Sports Direct, and other parties, have lodged a legal challenge to the Debenhams company voluntary arrangements (CVA).
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Scotland sees 21% drop in sales
Commercial property sales in Scotland fell 21% year-on-year in the first quarter of 2019 due to economic uncertainty, according to new data by the Scottish Property Federation (SPF).
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Wells Fargo sells Eastdil Secured
Eastdil Secured’s management has bought back the company from Wells Fargo with backing from Guggenheim Investments and Temasek.
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Savills launches flexible workspace service line for landlords
Savills has launched a new UK service line to help landlords and owner occupiers to establish and manage flexible workspace in their buildings.
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Arcadia Live: Rescue plan on a knife-edge as Arcadia lobbies landlords
INTU voting against rescue deals. Aviva, British Land and Hammerson voting in favour. LANDSEC’S position remains unknown, but its vote is now crucial to Arcadia’s survival. MEETING set to take place today at midday at 200 Aldersgate, near St Paul’s.
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Carr-Jones joins AXA IM
Stuart Carr-Jones has joined AXA Investment Managers – Real Assets as head of UK, Ireland emerging Europe transactions.
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Intu to vote against Green's revised rescue deal for Arcadia
Intu will, again, vote against Sir Philip Green’s rescue plans for his troubled Arcadia group, sources close to the retail landlord have told Property Week .
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Bellway ignores Barking fire in latest trading update
Bellway has made no mention of the fire that engulfed the Barking Reach development in east London last weekend in its latest trading update to the market.
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Tak Lee issues £10.4m legal action against Shaftesbury
West End investor Shaftesbury has said it will ‘robustly’ defend a legal action it has been served by Samuel Tak Lee regarding a share placing it conducted in 2017.
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Highest office floor of No1 Spinningfields becomes available to let
The highest office floor of Manchester’s No1 Spinningfields is available to let after plans to turn it into a business lounge were shelved.
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Fortwell lends £26m to care operator
Fortwell Capital has written development and refinancing loans totalling £26m for residential care developer and operator Macc Group.
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British Land secures five brands to Plymouth leisure scheme
British Land has secured five lettings totalling 32,000 sq ft at its Drake Circus Leisure scheme in Plymouth.
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Impact buys trio of care homes for £20m
Impact Healthcare REIT has exchanged contracts to buy three care homes for £20.2m.
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First Base plans £175m scheme in Bristol
Mixed-use developer First Base has acquired Soapworks in Bristol and plans to build a new £175m district.
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MJ Gleeson boss quits in row over pay and succession
The chief executive of housebuilder MJ Gleeson has left with immediate effect following a boardroom bust-up over his pay and succession planning.
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Helical receives ‘more than one’ bid approach
Mike Slade’s Helical has received “more than one” takeover approach, but claims none reflect “the fair value of the company”.
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Fire engulfs new flats at Barking Riverside
A fire engulfed a block of flats at Barking Riverside yesterday where residents have recently raised concerns about the fire risk posed by the wooden balconies.
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Hines acquires John Lewis DC as it raises €141m for fund
Hines has acquired an 85,000 sq ft logistics centre in Enfield, London on behalf of Hines Pan-European Core Fund.
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Next round of planning must deliver the economic growth Scotland needs
Scotland is at a crossroads… again. Every 10 years, we seem to end up back in the same place, rehearsing the same old arguments. I am not referring to Scotland or the UK’s constitutional future but a topic that is almost as contentious: planning.