All articles by Chris Druce – Page 6
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Third phase complete at St. Modwen Park Burton
St. Modwen has completed a new 103,947 sq ft speculative unit at St. Modwen Park Burton in Staffordshire, marking the site’s third phase of development.
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IWG signs double lease at Prologis Park Hemel Hempstead
IWG has signed a double lease for adjoining properties at Prologis Park Hemel Hempstead, taking warehouse space with a total footprint of 74,314 sq ft.
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FirethornTrust makes industrial debut with Milton Ham purchase
FirethornTrust has acquired an industrial development site in Milton Ham, near Northampton, from Travis Perkins, marking its first foray into the industrial sector.
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Meyer Bergman and BCP Asset Management €100m debt facility to develop Grafton Place, Dublin
Meyer Bergman and BCP Asset Management (AM) have secured a €100m (£86m) plus debt facility from Goldman Sachs to develop the office and retail development Grafton Place in central Dublin.
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Tristan Capital Partners completes Bristol city centre office scheme purchase
Tristan Capital Partners’ latest real estate opportunity fund, EPISO 5, has completed the acquisition of a 1.3-acre freehold site in Bristol city centre, known as 4 Glass Wharf, from Salmon Harvester Properties and NFU Mutual.
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HC-One largest care home provider despite ‘big five’ losing ground to challengers
HC-One has become the largest provider of elderly care in the UK with 22,000 beds, according to new research from Savills.
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Clintons' owners look to slash rent and close stores in bid for chain's survival
Clintons’ owners are looking to close more than 60 stores and cut the rent on hundreds of others, according to media reports.
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ITV sells London Television Centre to Mitsubishi Estate London in £145.6m deal
ITV has exchanged contracts for the sale of the London Television Centre on the South Bank to Mitsubishi Estate London in an all-cash transaction for £145.6m.
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PLP close to securing first pre-let at Knowsley logistics scheme
PLP has appointed contractor Sterling Services to develop gateway access into its 37-acre Knowsley logistics scheme, with discussions to secure the development’s first tenant underway.
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LABS takes space at Victoria House
Co-working provider LABS is set to occupy Victoria House, a grade II-listed landmark building overlooking Bloomsbury Square, from summer 2020.
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Lothbury offloads Willow House
Lothbury Investment Management has disposed of Willow House on Norwich’s Broadland Business Park to a South African-backed property fund for £13m.
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RICS resists call for flex valuations ‘roadmap’
RICS puts no timetable on providing detailed framework valuers want to see
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Industry hopes election will end uncertainty over Brexit
Hung parliament seen as worst result for business planning and investment – but also most likely outcome
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AEW to acquire Wakefield 515 logistics scheme from Caddick
AEW UK is buying a speculative development site with a GDV of £50m in Wakefield from Caddick Group.
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Native pushes ahead with Marylebone spec scheme
Native Land has committed to the spec development of a 44,520 sq ft office building in Marylebone, west London, in what will be its first completed office scheme.
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Apollo Management International pre-lets three floors at 1 Soho Place
Derwent London has pre-let a further three floors of 1 Soho Place in the West End to Apollo Management International, an affiliate of Apollo Global Management.
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Delin Property refinances five UK logistics assets via £50m loan from Lloyds
Delin Property has completed the refinancing of a portfolio of five UK logistics assets, with Lloyds Bank Commercial Banking having agreed a £50.2m loan.
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Rettie & Co hires Sandy Gilmour as an associate director
Rettie Co has hired Sandy Gilmour as an associate director in the firm’s land and development team.
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Aviva Investors and Public Sector Pension Investment board to put £250m into commercial property in Cambridge
Aviva Investors and Canada’s Public Sector Pension (PSP) Investment board have agreed to invest up to £250m in commercial property in Cambridge.
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Homes England invests £30m into ilke Homes to spur modular development in the North
Homes England is investing £30m into ilke Homes as the government looks to support modern methods of construction (MMC) as part of its bid to provide more homes quickly.