All Property Week articles in 8 June 2018 – Page 2
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Higher annual bonus boosts pay for British Land's Chris Grigg
British Land chief executive Chris Grigg’s total pay has risen from £1.9m to £2.2m driven by a sharp increase in his annual bonus.
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Pure Retirement takes space at Paradigm
Scarborough International Properties and Legal General have secured a 12,575 sq ft letting to Pure Retirement at Thorpe Park Leeds.
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Heavy falls for housebuilders drag on FTSE 100
Trading updates from housebuilders Crest Nicholson and Bellway led to a significant fall from the duo, alongside peers Barratt Developments, Berkeley, Taylor Wimpey and Persimmon.
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RLAM acquires Cambridge Research Park for £78m
Patrizia’s Rockspring has completed the off-market disposal of Cambridge Research Park to Royal London Asset Management, on behalf of The Royal London Mutual Insurance Society, for £78m.
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AXA IM acquires €250m care home portfolio
AXA IM - Real Assets has acquired a portfolio of care homes in Paris, France, via financial lease agreements in a deal worth €250m (£219m).
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Octopus makes triple appointment & issues £10.7m loan
Octopus Property has announced three senior appointments and agreed a £10.7m loan to FRT Developments for delivery of 51 homes in west London.
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Hobson joins board at Lee Baron
Rob Hobson has joined the executive board of Lee Baron Group building on his role as director of asset management and real estate solutions.
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E-cig co sparks up expansion plans
Leading e-cigarette store Ecigwizard has announced vast expansion plans with agents appointed to target 50 new locations in the south of England.
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Malaysian coalition leader promises probe into Battersea Power Station deal
Two Malaysian state-backed funds could see their deal to acquire phase two of Battersea Power Station “renegotiated” after the leader of the country’s newly elected coalition pledged to investigate a series of deals by sovereign funds, including the Battersea acquisition.
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Montagu Evans appoints new partners for retail and industrial
Development consultancy Montagu Evans has added two new partners with Andrew Haughey joining from Capital Regional to head up retail asset management for the firm and Paul Londra joining its industrial team from Doherty Baines.
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Green light for WeWork City site
City of London councillors have granted planning permission for the latest London outpost of co-working provider WeWork at 120 Moorgate.
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New hotels chief for Aprirose
Investor Aprirose has continued its expansion in the hotels sector with the appointment of former London Regional chief operating officer Tim Shearman as chief executive officer for hotels.
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Chancerygate wins approval for Bristol industrial scheme
Chancerygate, has secured planning permission from South Gloucestershire Council for a 121,000 sq ft industrial development at Warmley Business Park outside Bristol.
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New York State invests $500m in Blackstone and Prologis funds
New York State Common Retirement Fund (NYSCRF) has committed a further $500m (€373m) in two real estate funds managed by Blackstone and Prologis
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Twin UK lettings for Schroder REIT
UK-focussed Schroder Real Estate Investment Trust has secured two office lettings totalling close to 55,000 sq ft.
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Property legend Martin Birrane dies aged 82
Martin Birrane, the Irish businessman and owner of Peer Group and the Mondello Park racetrack, has died at the age of 82.
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NICS takes full space at Belfast's Nine Lanyon Place
Causeway Asset Management has secured a 150,000 sq ft letting to the Northern Ireland Civil Service at Nine Lanyon Place in Belfast city centre.
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Croydon Westfield proposals pass final hurdle as council approves CPO usage
Croydon Council has agreed the use of compulsory purchase order (CPO) powers to acquire the remaining land and interests needed to proceed with the delivery of the new £1.4bn redevelopment of the Croydon retail town centre being created by Unbail-Rodamco-Westfield and Hammerson.
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FTSE 100 climbs on back of weak pound
The FTSE 100 closed a strong 56 points higher on Monday, as a weak pound bolstered the blue-chip index.
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WELPUT agrees £140m refinancing with Wells Fargo
WELPUT, the central London real estate fund managed by Schroder Real Estate and advised by Grafton Advisors, has completed a £140m refinancing with Wells Fargo.