All Property Week articles in 8 March 2019
View all stories from this issue.
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Online
Capital & Regional shares fall on dividend cut
Shares in Capital Regional plummeted 11.6% on Thursday to 28.2p after reporting a cut in its dividend to 0.60p per share, down from 1.91p at the same time last year.
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Law society to rent out part of Chancery Lane HQ
The Law Society has revealed plans to market one of its two headquarter buildings on Chancery Lane for rent.
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Mipim 2019: how to deliver successful mixed-use schemes in London
The people behind some of London’s largest development projects discussed the challenges of delivering “vibrant” mixed-use schemes during a panel at Mipim.
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Spec industrial development up and voids at record low
Speculative logistics and industrial development is on the up but the average void period for speculatively built space has fallen to a record low, according to research by Cushman Wakefield.
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CrowdProperty secures up to £100m institutional backing
Property peer-to-peer lender CrowdProperty has received the backing of “a major financial institution” to lend up to £100m over the coming 12-24 months.
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Mipim 2019: ‘Absence of leadership in the UK’, says Manchester City Council leader
The UK is suffering from “an absence of leadership” because nobody is able to make decisions, according to Sir Richard Leese, leader of Manchester City Council.
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Survey says office workers want better office environments and workplace amenities
A vast majority of UK and Irish office workers say their workplaces need more on-site amenities, events, and to cater to their wellbeing, according to a new survey from Equiem.
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Mipim 2019: day three – a collaborative vision, an acid yellow jacket and a VIP dinner
Day three of Mipim started with the British Property Federation Investor Breakfast at the Carlton hotel. We heard from Landsec chief executive Rob Noel, Grainger chief executive Helen Gordon, Gavin Winbanks from the Department for International Trade and Gerry Hughes, managing director for UK and global consultancy at Avison Young ...
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Brockton Everlast buys Devonshire Quarter for £95m
Brockton Everlast has exchanged contracts to buy the Devonshire Quarter from Madison International Realty.
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Stenprop completes sale of Euston House for £95m
Stenprop has completed the sale of its Euston House office building in central London for £95m to a joint venture between French-listed Eurazeo and London-based Arax Properties.
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Victoria Coach station relocation scrapped
Plans for Victoria Coach Station to be moved to Royal Oak station in Bayswater have been scrapped.
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Mipim 2019: Killultagh unveils 75,000 sq ft office in Belfast
Killultagh Estates has revealed plans for a new office development in Belfast city centre.
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Battersea Power Station's £1.58bn deal completes
Battersea Power Station Development Company (BPSDC) has announced that the sale of the Grade II* listed power station building has now completed.
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South Yorkshire Pension Fund to invest £80m in region
The South Yorkshire Pension Fund has allocated £80m for regional investment in South Yorkshire.
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Rental income flat at Capital & Regional as NAV falls 11%
Capital Regional said its net rental income (NRI) remained flat last year – rising 0.6% to £51.9m - despite 20 company voluntary arrangements wiping £1.5m from NRI over the portfolio.
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Savills grows revenue by 10% but warns of investment market slowdown
Savills has reported a 10% rise in revenue to £1.76bn for 2018 but underlying profits grew just 2% and the group warned of a decline in transactions this year.
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Sports Direct offers £150m loan to Debenhams
Sports Direct has offered a £150m unsecured loan to Debenhams which would enable the retailer to repay its bridge facility and place Mike Ashley at the helm of the company.
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Mipim 2019: Burnham says Manchester will be 'top five tech city' by 2026
Manchester will be one of the top five cities for technology in Europe by 2026, according to the Greater Manchester mayor Andy Burnham.
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Sellar Property's John Davies passes away
Sellar Property Group ’s long-standing investment director, John Davies, has died following a long battle with cancer.
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Old Oak gets £250m government funding
The Old Oak and Park Royal Development Corporation (OPDC) has been awarded £250m from the government’s Housing Infrastructure Fund to kick-start development on the West London site.