All Property Week articles in 8 June 2018
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Croydon council clashes with CNM Estates over "nonsense" affordable housing targets
Croydon council’s head of planning Heather Cheesbrough clashed with CNM Estates chairman Wahid Samady over the London mayor’s housing policy after he said the 50% affordable homes target on public land was “a nonsense” during a panel debate at The London Real Estate Forum.
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Average prices in buildings which failed cladding tests still rising
London buildings that have failed fire safety testing performed in the aftermath of the Grenfell Tower tragedy haven’t reduced in value according to exclusive data analysed by Nimbus Maps for Property Week.
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Colville Estate claims pair of London offices for £17m
Colville Estate has acquired the long leasehold interests of two of its freeholds in Chancery Lane and Quality Court for a combined £16.85m from Royal London Asset Management.
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Thai deal takes Bluewater plaza to fully let
Landsec has secured Rosa’s Thai Cafe for 2,500 sq ft space in the Bluewater plaza to take the Kent leisure scheme to 100% let.
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British Land commits £200m more to share buyback programme
British Land has announced it will extend its share buyback programme by £200m in the wake of its £1bn sale of the 5 Broadgate office building.
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5 Broadgate sold for £1bn
British Land and GIC have completed the sale of 5 Broadgate to Hong Kong-based CK Asset Holdings for £1bn, representing a yield of 3.95%.
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Double-digit revenue rise at Safestore
Self-storage provider Safestore has seen half-yearly revenue rise by 10.5%.
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FTSE 100 closes flat as Deliveroo expansion plans trigger Just East fall
The FTSE 100 closed yesterday flat at 7,703 with take-away app Just Eat the biggest loser, down 4.71% to 810p, after rival Deliveroo unveiled ambitious expansion plans.
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Tritax Eurobox seeks £300m through IPO
Tritax EuroBox is seeking to raise up to £300m for its flotation on the specialist fund segment of the London Stock Exchange.
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Data reveals details on House of Fraser store closures
Exclusive data created for Property Week by Datscha has revealed the ownership behind the 31 House of Fraser stores recently earmarked for closure.
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Scotsbridge unveils plans for groundbreaking Glasgow luxury retirement development
Developer Scotsbridge Holdings has announced plans to create a £55m luxury retirement development just outside Glasgow in a sector first for Scotland.
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Storey Homes appoints two to management team
Storey Homes has bolstered its senior management team with two appointments including a new head of land and planning.
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WP Carey partners with Borghese to expand Port of Rotterdam
WP Carey has entered into an agreement with private developer Borghese Logistics Participaties II to expand a logistics facility in the Port of Rotterdam, in the Netherlands.
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Investment Association splits property fund definition
The Investment Association has split its definition of property sector funds into two – ‘UK direct property’ and ‘property other’.
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Airbnb growth continues in London despite legislation
Airbnb has increased its share of the overnight stay market in several major European cities, despite the increasing trend for authorities to legislate against the holiday rentals platform.
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Green light for second phase of Crawley 'Boulevard' regen
Developer Westrock has secured planning permission for phase two of its Crawley’s ‘Boulevard’ regeneration project which forms part of the council’s £60m Crawley Growth Programme.
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Deliveroo unveils UK expansion plans
Deliveroo has announced plans for a major UK expansion, adding 5,000 restaurants to its delivery platform and extending its network by around 50%.
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Crompton Place bought by Bolton Council as regeneration plans pick up pace
Bolton Council has bought the Crompton Place shopping centre from Santander pension fund for £14.8m as part of its £1bn town centre regeneration plans.
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LEVERTON secures Savills Studley team up
US-based Savills Studley has signed a global partnership agreement with proptech company LEVERTON in the latest expansion of their augmented lease administration and portfolio planning platform.
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M&S headquarters hits the market
The Marks and Spencer’s let Waterside House has been put on the market by owner Gaw Capital.