Jamie Bennett-Ness
Jamie is deputy news editor at Property Week.
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NewsBuoyant Cadogan’s estate value tops £5bn
Cadogan family’s estate has risen in value to over £5bn in a buoyant annual results performance.
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Woking Borough Council declares bankruptcy over £2bn debt pile
Woking Borough Council (WBC) has effectively declared itself bankrupt and issued a section 114 notice banning it from spending money on non-essential services in the face of a £1.2bn deficit.
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Melford Capital snaps up West End hotel development site for £40m
Melford Capital Partners has acquired 5-9 Great Newport Street, a mixed-use development opportunity in London’s West End, from Consolidated Development Limited for £40m.
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Gove appoints panel to lead Teesside corruption probe
Levelling-up secretary Michael Gove has appointed a panel led by Lancashire County Council chief executive Angie Ridgwell to conduct an independent investigation into the government’s flagship regeneration project in Teesside.
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Manchester and Bristol named as UK’s real estate hotspots
Manchester and Bristol have been identified as the UK’s real estate hotspots over the next 10 years, ranking as the highest-growth cities across multiple major asset classes in CBRE’s latest research.
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Apple to open new store at Battersea Power Station
Apple is to open a major new store at Battersea Power Station next to its 500,000 sq ft headquarters at the landmark redevelopment.
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KOP Group snaps up Earl’s Court hotel for £35m
Singaporean investor KOP Group has purchased the Burns Hotel in London’s Earl’s Court for a guide price of £35m and plans to transform the site into a luxury boutique hotel.
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Halifax reports first annual UK house price drop in over a decade
Halifax has reported the first annual decline for UK house prices in over a decade, with the price of an average home down 1% compared with a year ago.
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RICS appoints Maclean and Rawlinson as committee chairs
RICS has appointed CBRE managing directors Nick Maclean as chair of the membership services committee and Arcadis head of strategic research and insight Sam Rawlinson as chair of the knowledge and practice committee.
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Strike picks up the keys to Purplebricks after £1 sale approved
Purplebricks has been sold to Charles Dunstone-backed rival agency Strike for £1 after shareholders voted to approve the only remaining offer on the table.
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RICS continues to fight ‘unnecessary’ government investigation
The Royal Institution of Chartered Surveyors (RICS) has repeated its calls to maintain the institution’s independence from political interests after a clause in the Levelling Up Bill that would allow government intervention into RICS was branded “unnecessary” by peers in the House of Lords.
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Lecram withdraws Purplebricks takeover bid
Investment group Lecram Holdings has withdrawn its offer to buy Purplebricks, saying it had decided not to proceed because the financial condition of the estate agent is “significantly worse than expected”.
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Glade Capital snaps up Thames Water headquarters for £35m
Investment property platform Glade Capital has bought Clearwater Court, the UK headquarters for Thames Water, for circa £35m.
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Industry cheers Hunt’s life sciences ‘war chest’
Experts say £650m government package will help companies in the sector grow
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Chanel to double size of London HQ in Mayfair office move
Luxury fashion giant Chanel has agreed a new 20-year lease in Mayfair which will see it double the size of its global headquarters.
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Debut tenant secured for HB Reavis’s Shoreditch office scheme
HB Reavis has unveiled Frontier Economics as the debut occupier of its Worship Square office development in Shoreditch, with the company moving their headquarters to the building in early 2024.
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Levelling up ‘will fail’ without long-term funding, warn MPs
Levelling-up policy is suffering from a lack of oversight, long-term strategy and sufficient funding and “risks failure” without a significant shift in approach, a group of influential MPs has warned.
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Trio of deals at Frasers Logistics & Commercial Trust’s Connexion II park
Frasers Logistics & Commercial Trust has agreed a trio of deals totalling nearly 120,000 sq ft at Connexion II, Blythe Valley Park in Solihull.
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Promoted Luton Town FC vows to submit new stadium plans before August
Premier League-bound Luton Town FC has pledged to submit detailed plans for a new 23,500-seater stadium, 1,200 new homes and leisure, food and beverage and retail features, before the start of the new season.
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Brunswick agrees pair of new leases at Chiswick office campus
Brunswick Property Partners, acting on behalf of its £1bn Akoya workplace vehicle, has secured two leases for around 18,000 sq ft at the recently refurbished Power Road Studios creative office campus in Chiswick, West London, Property Week can reveal.
