All articles by Hannah Brenton – Page 24
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L&G buys Manchester Travelodge for £23.1m
Legal General Property has bought 19-31 Piccadilly Gardens in Manchester for £23.1m from Jolan Piccadilly at a yield of 4.84%.
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Land Secs increases Bluewater stake
Land Securities has increased its stake in the Bluewater shopping centre by 0.4%, after acquiring a 1.6% stake in Lend Lease Retail Partnership (LLRP) for £12.8m.
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London needs £95bn investment in creaking infrastructure
A new Savills report argues that better transport links are needed to open up the capital’s outer boroughs. Hannah Brenton reports.
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Galliard sets sail in Docklands with £65m residential site
Galliard Homes is strengthening its holdings in London’s Docklands with the purchase of a residential development site with the potential for almost 1,000 homes.
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Foxtons hit by housing slowdown
London estate agency Foxtons today announced it has been negatively impacted by the slowdown in the housing market.
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Teddington Riverside wins consent for residential conversion
The London Borough of Richmond has resolved to grant planning permission for the comprehensive redevelopment of the Teddington Riverside site on Broom Road.
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Tesco chairman to step down
Tesco chairman Sir Richard Broadbent has announced he will step down from his role at the supermarket giant.
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Rabobank regears at Thames Court
Rabobank Group has regeared a 139,000 sq ft lease at CBRE Global Investors’ Thames Court in the City of London.
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Segro reports drop in vacancy rate
Segro has reported a drop in the vacancy rate across its portfolio from 8.3% to 6.2% in the three months to September.
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AXA buys former Harper Collins HQ in Hammersmith
AXA Real Estate Investment Managers has completed the acquisition of the former Harper Collins headquarters in Hammersmith from Nordea Property Investment UK.
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Brunswick Centre under offer at sub-4% yield
Lazari Investments is under offer to buy the Brunswick Centre in Bloomsbury for more than £135m, at a yield close to 3.6%, Property Week can reveal.
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Green REIT completes €409.5m Dublin buys
Green REIT has completed its acquisition of the Sapphire Portfolio for €385.3m and 13-17 Dawson Street, Dublin 2 for €24.2m.
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Christie’s enters Dubai market
Luxury property agent Christie’s International Real Estate is extending into the Middle East for the first time, launching in the United Arab Emirates.
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Westrock adds Bedford to PRS pipeline
Westrock has acquired the Merton Centre in Bedford for a £36m residential conversion.
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Local Shopping REIT chairman departs
Local Shopping REIT’s chairman Grahame Whateley has left the company with immediate effect.
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Blackstone extends giant European property fund to €6.6bn
Private equity giant Blackstone is extending its European real estate fund by €1.5bn to reach a massive €6.6bn.
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Markets
Need to know: Scotland’s new property tax
Scotland introduced a new property tax last week, using the Scottish parliament’s first new taxation powers in more than 300 years.
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Sales growth has slowed in London — but are rents now under pressure?
Although rents are falling in some pockets of London, it is not all doom and gloom. Hannah Brenton reports
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Capco extends Covent Garden estate with Bedford St block
Capital & Counties (Capco) has swooped on 10 Bedford Street in Covent Garden, fighting off tough competition from UK funds.
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MIPIM UK: Student housing no longer ‘alternative’
The student housing market can no longer be described as an alternative asset class, delegates at MIPIM UK heard today.