All articles by James Whitmore – Page 16
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Liberty Living secures £300m debt package
Student accommodation provider Liberty Living has secured a comprehensive financing package of £300m from HSBC and Royal Bank of Scotland.
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Residential investment property returned 11.3% last year
Residential investment property has continued to perform better than commercial property, delivering returns of 11.3% last year, driven by the strong London market.
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Sleath’s slow-and-steady strategy will win race for Segro
I can’t remember a time when Segro wasn’t restructuring its finances, its people, its assets or its geographical exposure.Previous restructurings don’t appear to have achieved a whole lot, so one might be cynical at the strategic overhaul that new chief executive David Sleath has instigated, especially as it led to ...
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Segro slumps by nearly 10%
Fall of 13% in non-core assets drags REIT’s value down, but profits and earnings rise
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Lend Lease unveils Elephant & Castle plans
Lend Lease today opened a four-day public exhibition of its plans to regenerate the Heygate Estate in London’s Elephant Castle.
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LaSalle and Bell Hammer win consent for Staines office building
LaSalle Investment Management and development partner Bell Hammer have obtained planning consent for an 86,500 sq ft office building to replace Ashby House in Staines town centre.
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Mucklow’s NAV falls in half year
A&J Mucklow suffered a 3% drop in its net asset value in the six months to 31 December.
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BGC buys struggling Grubb & Ellis
BGC Partners, the acquisitive financial services firm which acquired Newmark Knight Frank last October, has expanded its property services platform by buying struggling US firm Grubb & Ellis.
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Segro reports 10% NAV decline but achieves letting progress
Segro suffered a 9.6% decline in its net asset value last year after a bigger-than-forecast writedown of its portfolio.
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CSC wins shareholder approval for Peel purchases
Capital Shopping Centres won the approval of shareholders today for two controversial purchases from its largest shareholder.
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Chiefs at big REITs were overpaid in downturn
Bell-Mallen research reveals LandSecs’ chiefs’ pay was most poorly correlated with company performance
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McKay to refurbish Southwark office building
McKay Securities is to begin a full refurbishment this month of a 21,000 sq ft office building in London’s Southwark.
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Midweek Bulletin: Why is Westfield selling out of smaller schemes?
Following the news revealed by Property Week last night that Westfield has sold out of three regional shopping centres, the Midweek Bulletin looks at what this means for Westfield’s strategy.
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LXB wins consent for Stafford retail schemes
LXB Retail Properties has won planning consent for two retail developments in Stafford.
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Town Centre Securities adopts “cautious attitude”, as it reports stable interim figures
Town Centre Securities this morning reported stable half-year figures and a refinancing of £90m of debt.
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Westfield sells stake in $4.8bn US malls to CPPIB
Westfield is to buy back up to 10% of its shares after selling a stake in a portfolio of US malls to a Canadian pension fund for $1.85bn.
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Hermes buys out Westfield’s stake in £400m shopping centres
Hermes Real Estate Investment Management has taken full ownership of three shopping centres with a combined value of £400m after buying the 50% stakes in them from Westfield.
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IPD: values continued to slide in January
Prime property values fell by a further 0.2% in January, as the new year brought little good news for the UK property market.
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BNP Paribas Real Estate recruits UK head of investment management
BNP Paribas Real Estate has appointed experienced property fund manager Gerardine Davies as head of UK investment management.