All Editorial articles – Page 20
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Central London take-up rises 37%
Central London take-up increased by 37% in 2010, according to year-end figures released today by Capita Symonds.
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Azure sells last petrol station in £200m portfolio
Azure Property, the joint venture between Palmer Capital and RREEF Alternative Investments, has sold the last property in its 104 petrol station portfolio bought in 2005.
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Gilbertson set for Knight Frank role after PwC exit
Barry Gilbertson is set to retire as a partner at accountancy firm PwC and take up a non-executive role at property agency Knight Frank.
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Boris nod for £5.5bn Battersea plans
London mayor Boris Johnson has given the green light to the planned £5.5bn redevelopment of Battersea Power Station in London.
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Council picks up Targetfollow’s £100m Stockport development site
Stockport Council is set to buy the Grand Central leisure complex in Greater Manchester from the collapsed subsidiaries of property company Targetfollow, under plans to attract £100m of private money for its redevelopment.
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Hermes cancels Bluewater stake sale
Hermes Real Estate has unexpectedly cancelled the sale of its sale of a 7.5% stake in the Bluewater shopping centre in Kent, propertyweek.com can reveal.
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Nama picks up €70bn of property loans
Ireland’s National Asset Management Agency confirmed last night that it had taken on 11,000 loans worth €70bn from Ireland’s biggest property companies.
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JP Morgan also buys 60 Victoria Embankment
JP Morgan has bought 60 Victoria Embankment in the City, an office that was once valued at £350m.
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Intermediate Capital Group snaps up stake in debt specialist Longbow
FTSE 250-listed mezzanine finance company Intermediate Capital Group today announced it had bought a majority stake specialist property debt firm Longbow Real Estate Capital.
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Finance man Sleath to replace Coull as Segro chief
Segro has appointed David Sleath to replace Ian Coull as chief executive of the industrial REIT.
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MEPC kickstarts £470m refinancing
Business park developer MEPC today said it will paydown £102m of its £470m of securitised debt, as the first stage of a wider refinancing.
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Cannon Estates buys Gucci HQ
Cannon Estates has exchanged contracts on the £18m purchase of 4 Grafton Street, the Grade 1 listed Gucci headquarters.
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Great Portland unlocks 86,000 sq ft refurb
Great Portland Estates is to surrender seven leases held by Telewest UK at 160 Great Portland Street, London, to allow it to undertake a major upgrade of the property.
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Hammerson completes £557m Bishops Square disposal
Hammerson today announced the completion of the sale of its Bishops Square office building in the City, owned in a 25:75 joint venture with the state of Oman, to JP Morgan Asset Management for £557m.
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Exane takes 43,000sq ft at 1 Hanover Street
BNP Paribas subsidiary Exane has taken 43,000 sq ft at 1 Hanover in London’s Mayfair at £70 / sq ft, as tipped by Property Week (22.10.10).
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Government to close 141 courts
The Ministry of Justice is closing 141 courts across England and Wales, raising the prospect of a £38.5m government sell-off of town centre assets.
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Raymond Blanc cooks up first north-west restaurant
Celebrity chef Raymond Blanc has confirmed plans to open a restaurant at Neptune Developments’ Mann Island in Liverpool city centre.
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53-59 Chandos Place sold for £17m
A 19,500 sq ft office block in the West End has been sold to a private French investor for £17.3m.
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Government publishes Localism Bill
The government has today published its draft Localism Bill that will bring forward huge changes to the UK planning system.
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Henderson Global Investors acquires FedEx distribution unit in Newcastle Under Lyme
Henderson Global Investors has bought a 103,000 sq ft distribution unit from a private investor for £6.34m.