All Editorial articles – Page 6
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Blackstone to take on £1.6bn of property loans from RBS
Royal Bank of Scotland has agreed to sell a £1.6bn portfolio of property loans to a company managed by Blackstone in a key deal for the property and banking markets.
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MEPC to complete CMBS refinancing a year ahead of maturity
MEPC, the business estate owner, will complete a refinancing of its commercial mortgage-backed securities on 20 July.
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Retirement villages go into administration
Two retirement villages in the south west have fallen into administration.
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Tishman help hired for Goldman 1m sq ft development
Goldman Sachs is believed to have appointed Tishman Speyer to help develop a 1 million sq ft “groundscraper” next to its London headquarters.
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Area and Delancey announce £202.6m recommended offer for Minerva
Area Property Partners and Delancey this morning revealed a £202.6m recommended cash offer for London developer Minerva.
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Blackburn’s Tithebarn appeal quashed
Manchester’s high court has upheld the decision of communities secretary Eric Pickles to allow Lend Lease’s £700m Tithebarn development to go ahead, quashing opposition from neighbouring councils that argued it would be draw business from local town centres.
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British Land buys Hutchison Whampoa HQ
British Land has bought a 198,000 sq ft office and leisure complex in Maidenhead town centre for £74m.
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Lathwood and Humphery head up JLL / King Sturge regional rejig
Jones Lang LaSalle has today revealed its reshuffled regional leadership, including the heads of its 16 city offices, following the firm’s acquisition of King Sturge on 1 June.
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Second Oxford St letting for Salmon
NFU Mutual and Salmon Property have secured a second office tenant for their £35m 175 Oxford Street office and retail development in London, following a recent letting to Korean oil company SK.
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Qataris get Chelsea Barracks consent at second try
Qatari Diar’s controversial residential scheme at London’s Chelsea Barracks was last night granted planning permission by Westminster council.
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Hermes buys 40-50 Eastbourne Terrace
Hermes Real Estate Investment Managers, on behalf of the British Telecom Pension Scheme, has exchanged contracts to buy 40-50 Eastbourne Terrace from Westlink Global Investments for £76m.
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£30m Hong Kong cash for Pinnacle
Pinnacle Regeneration Group has received £30m of investment from three Hong Kong-based families in order to fund its expansion plans.
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Jaro buys in New Oxford Street
Jaro Real Estate, the investment vehicle of ex-King Sturge partner David Hallett, has struck its first deal by buying Isis House at 64-76 New Oxford Street in London for £9.5m.
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CMS Cameron McKenna to prelet Hammerson City scheme
Law firm CMS Cameron McKenna has signed heads of terms to take a prelet at Hammerson’s Principal Place scheme in the City.
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Law firm Linder Myers buys Manchester HQ
Linder Myers, a Manchester-based firm of solicitors, has bought 55 Spring Gardens in Manchester city centre from the British Telecom Pension Scheme for its own occupation, in a deal reflecting a yield of 9%.
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St Modwen to develop £20m Siemens facility in Lincoln
Listed developer St Modwen has agreed a £20m pre-let with technology giant Siemens for a 135,000 sq ft gas turbine service facility at Teal Park in Lincoln.
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£1.1bn Marriott assets to be brought to market
A portfolio of 42 Marriott hotels bought for £1.1bn at the top of the market will be put up for sale after the appointment of administrators yesterday.
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Fire at Frogmore and Galliard's Strand scheme
A high-end residential and hotel development in London’s Aldwych caught fire today.
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V8 Gourmet Group collapse into administration
Indian restaurant chain V8 Gourmet Group, which owns the Bombay Bicycle Club and Tiffinbites brands, has been placed into administration.
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SWIP swoops on Boots block
Scottish Widows Investment Partnership has placed a prime block on Oxford Street under offer at a yield of around 5%.