All Property Week articles in 9 March 2018 – Page 3
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Online
NW1 Partners raises $175m for Washington venture
NW1 Partners has announced the first close of the NW1 Washington DC Urban Retail Venture having raised $175m (€142m) to invest in retail assets.
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Insight
The benefits of investing late in the cycle
As markets across the world become late cycle investors are searching for the best investment strategies for the top of the market. With markets at their most competitive, we ask whether investors should take the opportunities on offer to enjoy the last of the upswing, or be more selective?
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Online
Havering appoints Wates for £1bn social housing regeneration project
The London Borough of Havering has announced a new £1bn joint venture partnership with Wates Residential, which will see 12 council estates regenerated to provide 3,000 homes over the next 12 years.
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Online
Regional office demand hits 10-year high
Demand for office space in the UK’s leading regional cities hit a 10-year high last year, breaking 7m sq ft according to new research.
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Online
Mipim 2018: Bruntwood's Citylabs 2.0 receives first Evergreen 2 loan to develop 92,000 sq ft scheme
The managing director of Manchester Science Partnerships has revealed that the group has received backing from the North West Evergreen Fund to develop Citylabs 2.0, a 92,000 sq ft laboratory and office facility in Oxford Road.
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Online
CLS buys Harman House in Uxbridge for £51m
CLS has acquired Harman House in Uxbridge from PGIM Real Estate for £51m.
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News
Paul Hastings takes pre-let at 100 Bishopsgate
Law firm Paul Hastings has taken a pre-let of around 40,000 sq ft at Brookfield’s 100 Bishopsgate.
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News
Mipim 2018: Cheshire to become ‘Energy Innovation District’
Cheshire stakeholders have announced a plan to make the county an ‘Energy Innovation District’ which could cut energy costs for industrial occupiers by 20%
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Online
FTSE 100 falls ahead of Spring Statement
The FTSE 100 experienced a short drop on Monday as traders awaited the results of the UK Office for Budget Responsibility’s latest GDP forecast in today’s Spring Statement.
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Online
New European CIO in shake-up at TH Real Estate
TH Real Estate has promoted Michael Neal to become its new chief investment officer (CIO) for Europe and Asia-Pacific.
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Online
Daily Mail sells property business for $205m
The Daily Mail And General Trust (DMGT) has sold its property information business EDR to two US investors for $205m (£147.5m).
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Online
L&G acquires £315m Patron stake to take full ownership of Cala Homes
Legal General has agreed a deal to take full ownership of Cala Homes by paying Patron Capital £315m to buy its 52.1% stake in the UK housebuilder.
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Online
Mipim 2018: Hostmaker adds trio of new cities
VC-backed homestay management start-up Hostmaker has added three new European cities to its roster following a $15m (£10.75m) funding round.
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Online
Transport duo roll up at Arup
Professional services firm Arup has made a double senior appointment in its consultancy business.
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Online
M&G acquires Sheffield office
M G Real Estate has bought the 3 St Paul’s Place office building in Sheffield from developers CTP and U+I for £24m.
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Online
AEW acquires Madrid's Planetocio
AEW has acquired the Planetocio retail and leisure centre in Madrid on behalf of one of its funds for €20m (£17.7m) from Axiare.
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News
CBRE GI acquires London pub portfolio
CBRE Global Investors has acquired a portfolio of seven public houses and a restaurant in Central London.
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Online
Confidence of real estate lenders remains high despite Brexit
Nearly three quarters of real estate lenders expect to increase the number of new loans they originate in the next 12 months despite concerns over Brexit and political uncertainty, according to new research.
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Online
Cummins comes in as new regen MD at L&G
Legal General’s investment group LGC has appointed former RBS treasurer John Cummins to the newly created role of managing director of urban regeneration and clean energy.
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Online
Southern secures £45m of new housing stock
Housing association Southern Housing Group has exchanged contracts on a £45m deal with the Hyde Group for its first major stock acquisition since 2015.