All Property Week articles in 8 June 2018 – Page 3
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OnlineProfits dip for half-year at Crest Nicholson
FTSE 250 housebuilder Crest Nicholson has reported a 2% drop in pre-tax profits in half-year results to 30 April after a worse than expected fall in operating margins.
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NewsSchroder European REIT sees NAV rise 4.9%
Schroder European Real Estate Investment Trust has announced a 4.9% increase in net asset value (NAV) to €187.1m, according to half-year results up to 31 March.
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NewsBellway posts bullish update on 10,000 home sales target
Bellway has said it is on track to record annual sales of more than 10,000 homes for the first time in its history, in a bullish trading update issued today.
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OnlineShawbrook secures two for commercial property team
Shawbrook Bank’s commercial property team has continued to expand by taking on a further two lending managers.
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OnlineLandsec's Rob Noel sees pay fall sharply
Landsec chief executive Rob Noel’s total pay packet has slipped from £2.69m to £1.69m as a result of a sharp fall in performance-related pay.
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OnlineAberdeen Standard secures former US air base for logistics fund
Aberdeen Standard European Logistics Income has exchanged on its second deal since IPO with the €33m (£29m) acquisition of a two multi-let logistic buildings at a redeveloped US air base in Germany.
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OnlinePoundworld enters administration to put 355 stores at risk of closure
Discount retailer Poundworld has appointed Deloitte as administrators after talks with potential buyer R Capital collapsed.
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NewsM&G strikes £265m deal over Anglo American headquarters
M G Investments has agreed a £265m deal with Anglo American to redevelop the FTSE 100 mining company’s London headquarters.
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NewsMedicX buys primary care portfolio for £64m
Healthcare investor MedicX has bought a portfolio of 12 primary care medical centres for £63.8m.
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OnlineLendlease JV buys out Silvertown development
Lendlease and Starwood have formed a joint venture to buy out The Silvertown Partnership (TSP) from the First Base and Chelsfield Properties consortium to develop the £3.5bn Silvertown Quays, the 50-acre brownfield site in Royal Docks, East London.
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OnlineCouncil pension fund backs Invesco's BTR strategy with £42m funding
Lambeth Council has invested into Invesco Real Estate’s build to rent strategy with £42m from its pension fund.
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OnlineBowmark invests in Instant Group
Bowmark Capital has made a significant investment in the flexible workspace letting agents The Instant Group.
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NewsStation Hill sold to Lincoln MGT
Lincoln MGT has confirmed its purchase of the Station Hill development in Reading from Stanhope and Benson Elliot, as revealed by Property Week in February.
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NewsPalace Capital posts 6% profit uplift
Pre-tax profits rose by 6% at Palace Capital in the 12 months to the end of March 2018, according to the company’s latest annual results.
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OnlineWeek Ahead: housebuilders and supermarket results to dominate as FTSE 100 opens in positive territory
The FTSE 100 opened this morning up 33 points at 7,714.01 ahead of a week which will feature key updates and results from supermarket giants Tesco and Morrisons as well as housebuilders Bellway and Crest Nicholson.
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OnlineHenderson Park buys Athene Place in debut London office deal
Henderson Park has made its first office investment in London, acquiring a 147,000 sq ft office building from Commerz Real.
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NewsAXA pulls Bluewater bid
AXA Investment Managers has pulled out of talks to acquire a 25% stake in the Bluewater shopping centre in Kent from Lendlease, according to reports.
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OnlineWatson becomes Europa partner to lead €500m long income strategy
Europa Capital has appointed former LaSalle IM chief investment officer Andy Watson as a new partner to lead on its €500m long-term income investment initiative in pan-European real estate.
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OnlineProperty management firm breaches Equality Act in landmark ruling over disabled facilities
A property management company has been found in breach of the Equality Act 2010 for refusing to adapt the leisure facilities in a block of flats to allow a homeowner with Multiple Sclerosis (MS) to use the swimming pool.
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OnlineSt. James’s Place snaps up Bracknell office scheme
Orchard Street Investment Management has acquired 3 Arlington Square, a 68,000 sq ft multi-let Grade A office scheme in Bracknell, Berkshire for £22.65m for its St James’s Place Property Unit Trust.
