All articles by Jamie Bennett-Ness – Page 12
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Record year for City of London retrofits
The City of London approved a record number of retrofitting planning applications in the Square Mile in 2023 as landlords prioritise more sustainable, grade-A offices.
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Indian billionaire to pay £138m for Mayfair mansion in biggest home sale of the year
Indian billionaire Adar Poonawalla has agreed to pay £138m for a mansion in Mayfair in London’s most expensive home deal of the year.
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Insurance firm takes 90,000 sq ft at Mitsubishi and Stanhope’s City tower
Specialist insurance provider CFC has taken a 90,000 sq ft chunk of Mitsubishi Estate London and Stanhope’s 8 Bishopsgate scheme in the City of London.
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Warrington Council facing major loss from Mailbox investment
Warrington Borough Council looks set to lose millions of pounds from a retail, leisure and office investment in Birmingham, adding to debts of £1.8bn facing the local authority.
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Regal London launches 140,000 sq ft co-working debut at former WeWork offices
Regal London has launched its debut co-working brand alongside flexible office operator Platform, taking on 140,000 sq ft of space in Hackney from under-fire giant WeWork.
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UK’s property taxes highest in the developed world, Altus study reveals
The UK has the joint highest rate of property taxes in the developed world, research from commercial real estate firm Altus Group has revealed.
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UK signs up to COP28 initiative to decarbonise the built environment
The UK is among 27 countries to have signed up to a new global initiative to accelerate the decarbonisation of the built environment, as new reports show that national and UN net zero targets appear increasingly unachievable.
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Landsec unveils new retail operating model
Landsec has unveiled plans to transform its retail operating model, bringing in a number of operations in-house and “evolving” as a retail landlord, Property Week can reveal.
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McLaren and Arlington selected as developers for York Central regen scheme
McLaren Property and Arlington Real Estate have been chosen as the strategic developers for York Central, one of the UK’s largest city-centre regeneration schemes.
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Morrisons and M&S broke land use laws to block rival supermarket stores, CMA rules
Marks & Spencer and Morrisons have been reprimanded by the competition regulator for breaking land use laws to block rival supermarkets from opening nearby stores.
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Aviva Investors secures two tenants for Soho office refurb
Aviva Investors has agreed two leases for a combined 8,700 sq ft at 30 Golden Square in Soho, London, following a refurbishment programme to decarbonise the office building.
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M&G signs global management firm for prime Manchester offices
Global management consultancy Alvarez & Marsal has signed a 10-year lease on 14,160 sq ft at M&G Real Estate’s Lincoln office building in Manchester.
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Clearbell sells five assets from Polaris industrial portfolio
Clearbell Capital has sold five industrial assets totalling over 1m sq ft from its Polaris portfolio for a combined total of £24.85m.
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Canary Wharf Group appoints former Crown Estate director as new head of retail
Canary Wharf Group (CWG) has appointed Leanne Catterall from The Crown Estate as its director of retail and hospitality.
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Locale snaps up real estate events firm
Leading occupier experience platform Locale has bought real estate events agency Evergreen Reputation to strengthen its experiential offering.
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Edge and Mitsubishi snap up former WeWork West End office
Dutch developer Edge and Japan’s Mitsubishi Estate London have confirmed the acquisition of 125 Shaftesbury Avenue, a 180,000 sq ft office building in London’s West End.
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Migration crackdown could ‘worsen’ workforce shortages, industry experts say
Government measures to cut net migration to the UK will worsen acute workforce shortages across the built environment and “further shrink the talent pool”, with construction, and by extension development, likely to be hit hard by the move.
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Online
Cluttons partners orchestrate management buyout
Cluttons partners have completed a buyout of the famous real estate brokerage supported by private equity firm Treun Capital.
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Online
Gove delays decision on ITV Studios redevelopment for third time
Michael Gove has delayed his decision on plans to redevelop ITV’s former South Bank studios for the third time.
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Online
Sainsbury’s agrees HQ move to The JJ Mack Building
Sainsbury’s has agreed to move its UK head offices to Helical and Ashby Capital’s The JJ Mack Building in Farringdon, London, in the next two years.