All articles by Frances Ivens – Page 9
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News
Merger offers healthy growth prospects for PHP and MedicX
The combined business would have a portfolio of 470-plus properties and an annual rental income of £120m.
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Wheldon to launch London office for debt adviser Laurus
Lloyds director recruited to lead push into the UK market by German real estate finance advisory business
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Regus property fund puts search for capital on hold
Regus Property Partners (RPP), the fund set up by IWG to acquire assets for its Regus and Spaces brands, has suspended its search for third-party capital.
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Shaftesbury shares rise on Lee intervention
Shaftesbury’s share price rose 2.9% on Tuesday to 875p after major shareholder Samuel Tak Lee said he would vote against motions at the company’s AGM which would allow the board to raise more capital through share issues, and urged other shareholders to do the same.
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Franklin Templeton fund raises €158.4m in 2018
Franklin Templeton has acquired a London medical clinic three assets for its European Social Infrastructure Fund (FTSIF) and has lined up a pipeline of more than €500m (£433.7m) investments for the fund this year.
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Kennedy Wilson secures road fuel giant for Manchester business park
Kennedy Wilson has secured a 12,000 sq ft letting to the UK’s largest road fuel supplier Greenergy at Towers Business Park in Greater Manchester
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SEGRO signs Maritime Transport lease
SEGRO has signed a 25-year lease with Maritime Transport to operate the Strategic Rail Freight Interchange at SEGRO Logistics Park East Midlands Gateway and base its rail headquarters at the site.
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M7 sets record rent at Glasgow industrial park
M7 Real Estate has completed six new lettings totalling 25,000 sq ft at Colvilles Park in East Kilbride, Glasgow, on behalf of an institutional investor.
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Capital & Regional sees values fall 4.5%
Capital Regional has seen the value of its portfolio fall 4.5% to £855.3m due to what it described as “negative sentiment towards retail assets”.
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Inland Homes agrees new £65m credit facility
Inland Homes has agreed a new £65m revolving credit facility with HSBC which is expected to complete next month.
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PHP and MedicX merge to create £2.3bn healthcare giant
Primary Health Properties (PHP) and MedicX fund have announced a merger creating the largest UK healthcare property investor with a combined portfolio of £2.3bn.
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Santander set to close 140 branches
Santander is set to close 140 branches across the UK putting 1,270 jobs at risk.
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CapitalRise increases lending 278% year-on-year
Residential development lender CapitalRise increased its lending activity by 278% last year, taking the total development value of assets lent against to over £220m.
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Aviva and M&G back Urbanest with £100m refinancing
Aviva Investors and M G Investments have provided a £100m refinancing to Urbanest, primarily against its Vauxhall student accommodation scheme.
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Homes England helps develop 375-homes Bristol scheme
Homes England has partnered with Bristol City Council to develop a 375-home residential scheme in the city centre.
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Intu's House of Fraser stores saved from closure
House of Fraser stores owned by Intu have been saved form closure following talks with the store’s owner, Mike Ashley’s Sports Direct.
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Corum XL fund buys Irwin Mitchell's headquarters
Real estate investment adviser 90 North and Saudi Arabia-based Sidra Capital have sold law firm Irwin Mitchell’s headquarters to Corum XL Fund for £24.65m.
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Barings acquires four office buildings at Avalon Business park
Barings has acquired four buildings at Avalon Business park in Madrid on behalf of an institutional investor, making it the sole owner of the site.
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OakNorth funds London multi-use scheme
OakNorth has agreed a £35.4m development loan to Union Developments for a residential-led mixed-use scheme in Dollis Hill, London.
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Tulip skyscraper would fail City planning rules
The ‘Tulip’ skyscraper would fail City planning rules, City Hall officials said today.