All Property Week articles in 9 October 2015
View all stories from this issue.
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Online
Lloyds man joins RO Real Estate
Commercial property investment and development company RO Real Estate has hired Nick Moore, a former director of real estate at Lloyds Banking Group, as senior investment manager.
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Second time lucky for Cadogan’s King’s Road scheme
Kensington and Chelsea borough council has approved Cadogan Estates’ plans for a new mixed-use scheme on the site of the Curzon cinema on the King’s Road, following the rejection of a similar scheme last year.
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Helical buys ticket out of Network Rail HQ for £43m
Helical Bar has sold Enterprise House in Paddington to a private Middle Eastern buyer for £43m.
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Hotel investment could reach record-breaking £8.5bn
Total transaction volumes in the UK hotels market could exceed the 2006 record and reach £8.5bn by the end of 2015, according to Savills.
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News
Mercedes-Benz drives into luxury residential
Luxury German car brand Mercedes-Benz is entering the residential property market for the first time.
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Douglas & Gordon launches residential development division
Douglas Gordon has launched a residential development department particularly aimed at small sites.
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St Modwen buys Kirkby Tesco site for £38.5m
Developer St Modwen has acquired a site in Kirkby, Merseyside for £35.8m, after Tesco’s plans for a retail scheme fell through due to financial problems.
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Singaporean sovereign wealth fund backs Maya with £90m loan
GIC, Singapore’s sovereign wealth fund, has committed to lend up to £90m to Maya Capital for its UK regional strategy.
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Johnson Fellows opens Manchester office
Birmingham-based agent Johnson Fellows is to open its first office outside the midlands in Manchester, led by Lambert Smith Hampton’s Chris Litherland.
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Tesco sells 14 sites for £250m
Tesco has announced the sale of 14 sites managed by its Spenhill property development arm across London, the South East and Bath for £250m.
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Telford Homes rises as other housebuilders struggle
Positive results helped Telford Homes shares increase on Wednesday as other housebuilder shares plunged.
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£60m Manchester office springs into market
Asset manager Impax is bringing 40 Spring Gardens to the market for around £60m after completing a £31/sq ft letting to Aldermore Bank.
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CPO makes way for Ealing cultural quarter
Land Securities’ £100m cinema-led development in Ealing is set to go ahead after the council was given approval to compulsorily purchase the land.
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Leeds’ Round Foundry sold for £31.5m
The Igloo Regeneration Partnership has sold the Round Foundry office development in Leeds to a private investor for £31.5m.
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CBRE GI bags Epsom office letting
CBRE Global Investors has let 12,141 sq ft to data company Kroll Ontrack at Global House, Ashley Avenue, Epsom, Surrey on a 10-year lease.
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Mayfair office hits market
A Mayfair property comprising 48,000 sq ft of office space is being brought to the market for the first time in 25 years with a price in excess of £75m.
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Marcol Industrial hires P3 man
Mike Forster, the UK managing director of P3 Logistics Parks, has left to join Marcol Industrial.
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Property Awards 2016 open for entry
The property industry’s leading awards have opened for entries.
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Omni-backed commercial lending venture makes first loan
European Real Estate Capital (E-REC), the new European commercial real estate debt platform set up by Brookland Partners and backed by Omni Partners, has made its first loan.
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Cain Hoy and Sager secure £190m loan for Islington Square
Private investment company Cain Hoy and joint venture partner Sager Group have secured a £190m loan facility to finance the development of their Islington Square project.