All Deals articles – Page 18
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News
Co-op’s Manchester HQ sells for third less than original asking price at £140m
The Co-operative Group’s 330,000 sq ft Manchester headquarters has been sold to a Middle Eastern investor for around £140m, around two thirds of its original price.
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Brookfield and Copley snap up trio of Heathrow distribution hubs in £54m deal
Global real estate investor, operator and developer Brookfield and industrial real estate operator Copley Point Capital have snapped up three distribution warehouses by Heathrow airport.
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Avison Young to market government’s Warwickshire Rosalind Franklin Laboratory
The Department for Health and Social Care has appointed Avison Young to sell the Rosalind Franklin Laboratory, a 236,231 sq ft state-of-the-art facility and former Covid-19 testing base in Leamington Spa, Warwickshire.
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Cala Homes acquires £50m GDV residential development site in Ascot
Housebuilder Cala Homes has bought a prime residential development site in Ascot, Berkshire with a gross development value of over £50m.
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Aurelius Group eyes The Body Shop acquisition
Private equity investor Aurelius Group is in talks to buy The Body Shop.
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Online
CBRE’s Trammell Crow enters European office market with Candour buy
CBRE has expanded its Trammell Crow Company (TCC) real estate development business in the UK with the purchase of office developer Candour.
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Pizza Express considers bid to gatecrash £506m TRG deal with Apollo
Pizza Express is considering a bid for The Restaurant Group (TRG), the listed company that owns Wagamama, Sky News has reported.
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Canary Wharf owners inject £400m into repositioning plans
The owners of Canary Wharf Group (CWG) have committed £400m of fresh capital to invest in the east London financial district, which has suffered from waning office demand and the loss of key tenants in recent months.
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Fidelity buys WeWork office block in London
Fidelity International has acquired 99 Queen Victoria Street in the City of London from troubled serviced office group WeWork.
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Edinburgh’s Argyle House office block sold to PGIM for £38m
PGIM Real Estate has acquired Edinburgh’s landmark Argyle House from global real estate investor Kennedy Wilson in an off-market deal understood to be worth around £38m.
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Italian furniture giant agrees near-£100m takeover of ScS
London-listed sofa chain ScS will go private after accepting a £99.4m takeover by Italian furniture retailer Poltronesofà.
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Martin Property Group puts Yeovil shopping centre and bus station up for sale
Martin Property Group is selling a substantial redevelopment site in Yeovil, Somerset, comprising the Glovers Walk shopping precinct, the bus station and part of lower Middle Street.
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Mercantile Group sells Chestertons to Emeria for around £100m
Chestertons UK, one of the oldest real estate agencies in the country, has been sold to Campions Group for a sale price believed to be around £100m.
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ICG Real Estate acquires £125m London digital infrastructure portfolio
ICG Real Estate has acquired a £125m portfolio of central London digital infrastructure assets let to Vodafone UK.
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Yahoo moves into Dublin’s tallest office tower
Tech giant Yahoo has signed for 35,703 sq ft at Dublin’s tallest office building, Tristan Capital Partners’ The Exo, in the city’s largest office leasing deal in the second half of the year.
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Deutsche Bank refinances chunk of Lifestory’s UK portfolio
Deutsche Bank has provided an inventory facility to refinance part of Lifestory’s UK portfolio in a £150m deal, Property Week understands.
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Online
OnTheMarket founder slams £99m takeover deal
The founder of OnTheMarket said he will vote against the £99m offer from information group Costar for the estate agency-backed property portal.
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Online
La Française buys Victoria office scheme from Grosvenor in £55m deal
La Française Real Estate Managers has struck a £55m deal to acquire an HQ building in Belgravia, London, from Grosvenor.
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Online
OnTheMarket agrees £99m takeover deal
OnTheMarket has agreed to be taken over by US commercial real estate information group CoStar in a £99m deal.
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News
Feldberg signs 15,000 sq ft of deals at west London Regal House office scheme
Feldberg Capital, formerly Brunswick Property Partners, has signed new deals totalling over 15,000 sq ft at its recently refurbished Regal House office building in Twickenham, west London, Property Week can reveal.