All articles by Andrew Don – Page 6
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Lumina unveils Slough office makeover plans
Lumina Real Estate Capital has announced plans to undertake an £18.5m project to refurbish Observatory House, in Windsor Road, Slough.
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Grainger to hit the regions with PRS deal
Grainger has struck a deal to create a large-scale private rented sector (PRS) portfolio across key English cities outside London.
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Hammerson outlines UK and France growth plans
Retail-focused REIT Hammerson has outlined its determination to accelerate growth both in the UK and in France.
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Workspace buys Fleet Street office
Workspace Group has bought 160 Fleet Street, in the City, from administrators acting for Irish bad bank NAMA for £29.7m, representing a net initial yield of 3.7% and a capital value of £549/sq ft.
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Four new lettings at Gatwick
SEGRO’s joint venture with Aviva Investors, the Airport Property Partnership, has agreed four new lettings totalling almost 40,000 sq ft at Gatwick International Distribution Centre.
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Housing group lines up £55m Covent Garden sale
Network Housing Group has put the freehold of Grosvenor House, in Drury Lane, Covent Garden, up for sale.
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LXB makes portfolio progress
LXB Retail Properties has continued to make good progress across its portfolio, the retail property group has announced in a development update.
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Capco secures £150m Covent Garden fund
Capital Counties Properties has announced that Capco Covent Garden, the holding company for its Covent Garden properties, has raised £150m of debt from five US institutional investors.
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Bovis anticipates sales boost
Bovis Homes Group expects to increase sales of new homes this year by almost a third to 3,650, the company has revealed in its interim management statement.
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Galliford Try reports sales pick-up
Housebuilding and construction group Galliford Try has reported a pick-up in its sales rate of new homes this autumn compared with the summer, but at a slower rate than last year.
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Trampoline park plans UK expansion
Gravity Fitness has appointed Savills to identify new space for the Yorkshire-based trampoline park operator as part of a UK-wide expansion drive.
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Scotland enjoys post-referendum transactions surge
Scotland has enjoyed the best quarterly performance for commercial property sales in six years, amid a post-independence referendum surge.
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Intu puts in place £600m credit facility
Intu Properties has put in place a new £600m revolving credit facility which the shopping centres group will use for general liquidity.
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GPE secures new £450m credit facility
Great Portland Estates has secured a new £450m credit facility with a group of seven banks for “general corporate purposes”, replacing previous facilities of £500m.
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Paul secures first non-London store
French artisan bakery and patisserie Paul has expanded out of the capital with a site in Oxford.
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Former ITV site in Manchester to be transformed into new neighbourhood
A new neighbourhood on ITV’s former Quay Street site in Manchester will be considered by planning chiefs on Wednesday.
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Aeriance reports on busy quarter of lending
Aeriance Investments has provided £50m of real estate loans in the third quarter and indicated that appetite for debt was showing no signs of abating in the last three months of the year.
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Pinsent Masons makes nine real estate appointments
Pinsent Masons, the international law firm has injected new talent into its real estate team with nine new senior appointments.
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CBRE GI buys £21m Doncaster service station
CBRE Global Investors has bought Doncaster North Services for £21m –reflecting a 6.3% net initial yield.
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Ultra-rich Africans spend £600m on London homes
Ultra-rich Africans have been scooping up homes in London’s top residential areas, splashing out more than £30m in some individual cases.