All Property Week articles in 9 August 2019 (digital-only edition)
View all stories from this issue.
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News
Sports Direct announces closure of eight Jack Wills stores
Following its acquisition of Jack Wills, Sports Direct has announced the closure of eight of its 98 UK stores.
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News
Flatfair raises $11m to expand its deposit-free renting platform
Flatfair has raised $11m (£9.1m) in a funding round led by index venture for its platform that allows tenants to rent a home without placing a deposit.
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News
Gazeley announces 146,000 sq ft development at G-Park Biggleswade
Gazeley has announced the development of two logistics warehouses at its G-Park Biggleswade site in Bedfordshire.
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Online
UK Foreign Office to manage 5,000 properties on MRI Software platform
Proptech firm MRI Software has struck a deal that will see its Horizon property management platform used throughout the UK Foreign and Commonwealth Office (FCO) property portfolio.
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Online
WeWork reveals full scale of ambitions in IPO prospectus
The We Company revealed the full scale of its global ambitions for WeWork in a prospectus filed on Wednesday ahead of its planned initial public offering (IPO).
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Online
Urban Exposure hires former Lloyds banker in senior role
Urban Exposure has hired Graeme Alfille-Cook, the former head of the developers team at Lloyds Bank, as chief strategy officer.
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Online
Cushman & Wakefield reports 23% capital markets drop off in Q2
Commercial real estate activity in the UK slumped 23% year on year in the second quarter of 2019, according to Cushman Wakefield’s latest capital markets briefing.
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Online
Equiem taps into £7m funding for tenant app
Tenant experience app Equiem has raised £7m from investors in its latest funding round, taking the total invested in the company to more than £17m to date.
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News
Mayfield Partnership scales up phase one ambitions for Manchester development
The Mayfield Partnership is to develop a 220,000 sq ft office building as part of the first phase of its £1.4bn Mayfield development in Manchester city centre.
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IPO filing reveals WeWork losses of £570m in 2019
WeWork lost more than £570m ($689m) in the first half of 2019, according to financial statements filed by the company with regulators ahead of a planned initial public offering.
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Online
RICS names Simon Prichard as new UK and Ireland chairman
Simon Prichard has been appointed the new chair of RICS’ UK Ireland world regional board.
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News
Prime yields hit 32-month high
Average all-property prime yields hit 4.9% in July, the highest level since November 2016, according to research conducted by Savills.
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Online
The London Resort secures Radisson Blu hotel
New theme park The London Resort has signed a partnership with the Radisson Hotel Group, which will open a Radisson Blu hotel at the Kent resort.
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Online
Vita Group completes £600m student portfolio sale
DWS has completed its £600m purchase of a portfolio of Vita Group’s student assets.
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News
CBRE Capital Advisors acts for Hyde in first housing association debt deal
CBRE Capital Advisors has acted for Hyde Housing Association to secure two revolving credit facilities totalling £350 million.
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Online
Henderson Park buys Green REIT for €1.34bn
Henderson Park is set to buy Irish based property group Green REIT for €1.34bn (£1.24bn).
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CLS half-year NAV and profit rises
Property investment group CLS has posted a 5% rise in net asset value (NAV) for the six months to the end of June.
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Online
Iacobescu to step back from Canary Wharf role
Sir George Iacobescu is set to step down from the helm of Canary Wharf Group (CWG) after more than two decades in the role.
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River Island asks landlords for 40% rent cuts
River Island is asking landlords to slash its store rents by up to 40%, as reported by Property Week ’s sister title Drapers .
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New data reveals European hotel investment on the rise
Hotel investment plummeted 26% in the UK in the 12 months ending 31 June 2019, despite strong appetite for the asset class across Europe, according to CBRE.