All Property Week articles in 9 June 2017 – Page 2
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Revenue rises 16% for Safestore
Self-storage operator Safestore has posted strong interim results for the 6 months ended 30 April with a 15.7% rise in revenue backed by the opening of five new stores.
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NewRiver seeks £200m for BRAVO buyout
NewRiver REIT is looking to raise £200m to buy out PIMCO from their BRAVO joint ventures and fund further acquisitions as well as development activity.
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Grosvenor outlines £500m BTR plans for Bermondsey
Developer Grosvenor has outlined updated plans to build 1,500 new rental homes in London’s Bermondsey district.
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Bellway shares rise
Shares in Bellway bounced 4.4% on Wednesday after the housebuilder revealed strong demand for its homes in it latest trading update.
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Aparthotels Adagio to open in Leicester
Aparthotels Adagio has announced it is planning to expand into Leicester, with a view to opening its fourth UK Adagio property in the Midlands city in mid-2019.
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Bridges sells 'green hotel' to Cerberus
Specialist sustainable lender Bridges Fund Management has sold its Whitechapel ‘green hotel’, Qbic, to an affiliate of Cerberus Capital Management.
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CBRE boosts London Leasing team
CBRE has hired leasing agent Jack Knivett on its City leasing team.
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Waypoint acquires raft of UK retail assets
Waypoint Asset Management has recently acquired £19m of UK retail assets on behalf of an institutional client, taking its total funds invested in the first half of 2017 to £47m.
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Raffles to operate iconic Old War Office hotel
Raffles Hotels Resorts will operate the former Old War Office hotel on London’s Whitehall after signing a management contract with owners Hinduja Group and Obrascon Huarte Lain Desarrollos (OHLD).
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Rockspring announces six senior promotions
Rockspring Property Investment Managers has announced the expansion of its senior management team with the promotion of Rod Mordey and Daniel Rubinstein to associate partner.
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Rydon "shocked" at Grenfell Tower tragedy as it insists it met safety standards
The construction firm responsible for last year’s refurbishment of Grenfell Tower has insisted it met all safety standards during its refurbishment of Grenfell Towers, the high rise block that was subsumed by an inferno in the early hours of this morning leaving 12 people dead, with more fatalities expected.
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KWE shares up on takeover bid
Shares in Kennedy Wilson Europe (KWE) were up 8.25% on Tuesday after Kennedy Wilson upped its offer to shareholders as prt of the $4bn transatlantic merger.
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CLS buys German office portfolio for €152m
CLS has bought a portfolio of 12 properties in Germany from Züblin Immobilien, a Swiss-listed property group, for €152.2m (£134.7m).
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Purplebricks kicks off US expansion in California
Purplebricks Group, the online estate agency, is set to begin an expansion into America with California targeted as its first launch state later this year.
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Bellway issues bullish update
Bellway has revealed strong demand for its homes in its latest trading update to the stock market.
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C&W poaches new valuations partner from CBRE
Retail valuation specialist Andrew Davie has joined Cushman Wakefield from CBRE as a new partner in their valuation and advisory team.
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Valuation Tribunal rules museums must be valued on net income for business rates
York Museum and Gallery Trust has won its battle with the Valuation Office Agency (VOA) in which it claimed that properties should be valued on a net income basis for business rates purposes, rather than rebuild costs.
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New housing minister revealed as Alok Sharma
Theresa May has appointed Alok Sharma as the new housing minister, replacing Gavin Barwell who lost his seat in last week’s General Election.
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Hines to redevelop 25 Cabot Square
Hines has unveiled plans to redevelop its Canary Wharf office scheme 25 Cabot Square, which will bring 200,000 sq ft of office space to the market.
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90 North sets up new Australia office
London headquartered 90 North has opened a new office in Sydney, Australia, Property Week can reveal.