All Property Week articles in 7 October 2022 – Page 3
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OnlineClarke takes legal action against Stevenage tower owner over cladding repairs
Housing minister Simon Clarke has launched legal action against the owner of a Stevenage tower that has failed to carry out cladding repair work in a jolting “warning to the industry’s outliers”.
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NewsOrchard Street fully lets three-unit site in Surrey
Commercial property investment manager Orchard Street has agreed the final two lettings at Albany Point Industrial Estate in Camberley, taking the site to full occupancy.
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NewsBlackstone unveils plans for giant Berkeley Square London HQ
Blackstone has revealed plans to establish a new European HQ at London’s Berkeley Square, a move described by prime minister Liz Truss as a “resounding vote of confidence in the UK”.
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NewsAudley Group submits plans for Surrey retirement community
Developer and retirement villages operator Audley Group has submitted a planning and listed building application for a new retirement community at Headley Court near Leatherhead in Surrey.
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NewsHoward de Walden completes two medical lettings
Property management estate Howard de Walden has announced two new signings with Guy’s and St Thomas’ Trust Private Care and Moorfields Private Eye Hospital.
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NewsKosy Living appoints new managing director
Alternative resi specialist Kosy Living has appointed Mark Hughes as its new managing director. He will be responsible for leading the group in its build-to-rent, co-living, purpose-built student accommodation and later co-living sectors.
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NewsCinch Self Storage acquires 34,000 sq ft Watford warehouse
Padlock Partners UK Fund III and operating partner Cinch Self Storage have acquired a 34,000 sq ft warehouse in Watford for approximately £9m.
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InsightOnly a holistic view of sustainability can tackle sprawling urbanisation and blind densification
We are facing a snowballing problem in our city centres. They are still relatively lacking in residential real estate – which is not surprising, given that development in urban areas involves more risk and complexities than in suburban, out-of-town locations – and this is giving rise to sprawling ‘(sub)urbanisation’.
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OnlineUnite enters BTR market with East London acquisition
Unite Students has entered the build-to-rent market with the acquisition of a 178-unit scheme in Stratford, East London for £71m.
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OnlineLendInvest AUM up by a third in a year
LendInvest has grown its assets under management (AUM) by 33% over a year, according to its latest trading update ahead of half-year results to the end of September.
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OnlineSirius tells investors it is trading in line with expectations
Sirius Real Estate has told shareholders it achieved a 2.4% rise in annual rent in its German business park portfolio to €115.2m (£100m).
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OnlineFormer Landsec boss joins Watkin Jones board
Watkin Jones has appointed former Landsec chief executive Francis Salway to its board as a non-executive director.
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NewsProperty portfolio cheers Wetherspoon despite losses
Pub firm JD Wetherspoon reported a loss of £30.4m for the year to 31 July 2022 but said its property portfolio is helping its future prospects.
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NewsTouchwood secures over 75,000 sq ft of lettings and renewals
Touchwood shopping centre in Solihull has secured over 75,000 sq ft of lettings and lease renewables in its first year under new ownership and management.
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NewsHousing secretary Clarke ‘steadfastly committed’ to increasing home ownership
Housing secretary Simon Clarke has pledged to “go further” to build more homes and increase home ownership within the UK, with specifics on the government’s new housing strategy promised in the “coming weeks”.
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NewsLandsec gets green light for MediaCity tower
Property giant Landsec has been given agreement to develop an 11-storey mixed-use tower in MediaCity, part of the Salford Quays waterside district in Greater Manchester.
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NewsLord Kerslake to chair Bournemouth regeneration company
Lord Kerslake, former head of the Civil Service, has been appointed as independent chair to lead Bournemouth, Christchurch and Poole’s (BCP) urban regeneration company FuturePlaces.
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NewsWelsh industrial units over 50,000 sq ft see ‘tremendous’ Q3 lift, says Knight Frank
A 411,000 sq ft New Sports warehouse development that has been completed in Wrexham has boosted the number of industrial property units over 50,000 sq ft in Wales for the third quarter.
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NewsAddington Capital hires Saul Shah as acquisitions specialist
Property investment and asset management firm Addington Capital has recruited Saul Shah as an investment real estate analyst focusing on acquisitions.
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NewsAlliance Automotive takes 630,000 sq ft of Rotherham logistics park
A joint venture (JV) between real estate investor Europa Capital and developer Panattoni has signed a 25-year lease with vehicle parts distributor Alliance Automotive Group (AAG) for 630,000 sq ft at its Panattoni Park Rotherham site.
