All Property Week articles in 7 September 2018 – Page 2
-
News
Royal London Asset Management exchanges on £62.1m Aurora Bristol buy
Royal London Asset Management has exchanged contracts to buy the 95,500 sq ft Aurora office building in Bristol for £62.1m, representing a 4.75% net initial yield.
-
News
Savills boosts Scottish agency team with three hires from Montagu Evans
Savills has made a trio of appointments to its Scottish business space agency team, with all three new hires joining from Montagu Evans.
-
News
Lone Star withdraws Quintain from market
Lone Star has ended talks with a Delancey-led consortium regarding the potential sale of Quintain for £2.25bn, and says it no longer plans to sell the company.
-
Online
Tenacity buys 55 Gracechurch Street for £69m
Tenacity Group has bought 55 Gracechurch Street for £69m.
-
News
Palmer Capital appoints Allen to board of directors
Palmer Capital has appointed Charles Allen, who has been with the firm since 2013, to the board of directions.
-
News
Fidelity UK Real Estate Fund purchase £25.6m Farringdon office
Fidelity UK Real Estate Fund has bought the 26,000 sq ft Black Bull Yard office building in Farringdon, London, for £25.6m.
-
News
Lord Sugar's beauty brand takes 25,000 sq ft in Croydon
Tropic Skincare, the beauty company co-owned by Lord Sugar and former The Apprentice contestant Susie Ma, has signed up for 25,000 sq ft at Beddington Lane Industrial Estate in Croydon.
-
Online
Investors flocked to Yorkshire in Q2 spending £829m
Yorkshire and Humber attracted more than £800m of commercial property investment in the second quarter of 2018—the highest for any region outside of London and the home counties, according to research from proptech firm Datscha.
-
Online
Patrizia raises €182m for multi managers fund
Patrizia has raised €182m (£162m) at the first close of its fifth multi managers fund, PMM Global V.
-
Online
Regional REIT posts NAV and profit rise for first half
Regional REIT has posted a rise in net asset value (NAV) to £426.5m in the first six month of 2018, while pre-tax profit almost trebled.
-
Online
Harworth posts rises in NAV and profit
Harworth Group has posted a 9.5% rise in net asset value (NAV) for the year to the end of June.
-
Online
Helical agrees £50.4m loan to fund Farringdon scheme
Helical has agreed a new £50.4m five-year loan with Wells Fargo to part finance the development of its office development above Farringdon East Crossrail Station in London.
-
Online
GCP Student share placing to fund Brighton scheme
GCP Student is looking to raise about £55m in a share placing to help fund the development of a new student accommodation scheme in Brighton.
-
News
Debenhams share price slumps as business calls in KPMG
Debenhams’s share price tumbled 10.16% to 11.43p on Monday after news broke over the weekend that the beleaguered retailer had called in KPMG as it considers restructuring options including store closures and a company voluntary arrangement.
-
Online
Telereal and Blackstone buy arches portfolio for £1.46bn
Network Rail has agreed terms with Telereal Trillium and Blackstone Property Partners for the sale of its commercial estate portfolio for £1.46bn.
-
Online
Newly formed Osborne and Co target £5bn pipeline
A group of real estate developers with a £2.5bn world-wide portfolio has rebranded under one banner, Osborne and Co, and announced that it is targeting a £5bn development pipeline over the next three years.
-
News
SEGRO acquires Roxhill Developments management platform
SEGRO has acquired Roxhill Developments’ management platform, Roxhill Management Ruby Limited (RMRL).
-
News
Ralph Lauren signs for first Leeds store at Hammerson scheme
Luxury retailer Ralph Lauren has signed for its first store in Leeds, taking 2,000 sq ft at Hammerson’s Victoria Leeds shopping centre scheme.
-
Online
Elliott builds up short positions against Landsec and British Land
Elliott Capital Advisors, the hedge fund that built up a 5% stake in Hammerson earlier this year, is now betting millions of pounds on a fall in the share price of Landsec and British Land.
-
Online
LondonMetric sells £21.9m retail park
LondonMetric Property has sold its retail park in Launceston for £21.9m, reflecting a net initial yield of 5.6%.