All articles by Guy Montague-Jones – Page 23
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Government sets up £200m fund for cladding removal from private buildings
The government has set up a £200m fund to help speed up the removal of unsafe cladding from high-rise privately-owned buildings.
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Intu promotes Sangar to chief investment officer
Intu has promoted corporate development director Dushyant Sangar to chief investment officer.
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Derwent secures lettings well ahead of ERV
Derwent London has had a strong start to 2019 securing 217,000 sq ft of lettings, 6.2% ahead of December’s estimated rental levels.
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Shareholders stage AGM revolts against REITs’ executive pay plans
SEGRO, Hammerson, intu, Capital Counties and Safestore have faced shareholder rebellions over executive pay plans at annual general meetings in recent weeks.
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Octopus merges real estate arms as Berti steps down
Octopus Group is merging its two real estate businesses Octopus Healthcare and Octopus Property to form a new entity with more than £2bn of funds under management.
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Cynergy Bank launches £500m fund for property entrepreneurs
Specialist lender Cynergy Bank is launching a £500m fund to help property entrepreneurs “make the most of opportunities during Britain’s departure from the EU”.
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LaSalle launches €600m whole loan fund
LaSalle Investment Management has launched a €600m whole loan fund focused on Western Europe.
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Capital markets slowdown hits JLL in Q1
JLL’s fee revenue has fallen and its losses have widened in Europe, Middle East and Africa (EMEA) in the first quarter as a result of a decline in capital market revenue.
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Land values on the rise in the regions but not central London
Market slowdown attributed to housebuilders’ reluctance to add to land holdings amid Brexit uncertainty
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Details of Arches portfolio sale revealed in NAO report
The National Audit Office has published a report into Network Rail’s Arches sale that sheds fresh light on the financial details of the deal and reveals how the portfolio fetched more than expected but transaction costs spiralled far beyond initial forecasts.
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Sam Tak Lee alleges £10m losses in draft legal claim against Shaftesbury
Samuel Tak Lee has filed a draft legal claim against Shaftesbury accusing the board of conducting a £265m capital raising in 2017 with the aim of making any potential takeover bid by the Hong Kong billionaire more difficult.
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Europa’s airbase deal informs push into PRS
Fund manager’s work on ‘failed PRS’ portfolios helps guide new strategy
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Lending on the up despite investment market slowdown
New commercial property lending increased 12% last year even though property deal volumes fell by 13%, according to the Cass Business School UK Commercial Real Estate Lending Report.
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Shareholder rebellion at Hammerson as 30% vote against executive pay
Just under 30% of Hammerson’s shareholders have voted against the company’s remuneration report at its annual general meeting today.
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Colliers reports double digit growth in Q1
Colliers International has reported double digit growth in revenue and profits for the first quarter.
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Fora takes 40,000 sq ft in Shoreditch
Flexible office provider Fora has taken 40,000 sq ft at Arnold House on Great Eastern Street for its first workspace in Shoreditch.
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Amazon to up logistics spend for one-day delivery pledge
Amazon is set to up its investment in logistics to deliver on its new pledge to make one-day delivery standard for purchases through Amazon Prime.
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Shift to blended approach to residential investment
Investec survey shows institutions plan to target a mix of PRS, student and retirement living subsectors
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CMA blocks Sainsbury’s-Asda merger
The UK’s competition watchdog has blocked the planned merger of Sainsbury’s and Asda, warning that it would lessen competition and lead to higher prices.
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Galliford Try selected for first phase of £6bn Meridian Water scheme
Galliford Try has been selected to deliver the first 725 homes at Enfield Council’s £6bn Meridian Water scheme.