All articles by Jamie Bennett-Ness – Page 14
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Eat Work Art takes over ex-WeWork building to launch Hackney workspace for creatives
Creative workspace provider Eat Work Art has been awarded the leasehold of a former WeWork building in Hackney, east London, where it will open its latest location for the creative industries.
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Paramount sues London Resort over £2.5bn theme park plans
London Resort Company Holdings’ (LRCH), which had planned to bring a multi-billion-pound theme park to Kent, is reportedly being sued by entertainment giant and former partner Paramount over allegations that LRCH’s restructuring earlier this year, after it called in administrators, was unfair.
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‘The revolving door’ continues as Rachel Maclean sacked as housing minister
Rachel Maclean has been sacked as housing minister after nine months in the role, as part of prime minister Rishi Sunak’s cabinet reshuffle.
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London mayor Sadiq Khan set to decide on Vegas-style MSG Sphere in Stratford
Plans for the MSG Sphere, Madison Square Garden’s controversial, proposed 21,500-capacity entertainment venue in Stratford, east London, have arrived at the mayor of London’s office, with Sadiq Khan set to decide in the next two weeks whether to approve the scheme.
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Experts call for DfT to halt fire sale of HS2 land
Experts have urged the Department for Transport (DfT) to halt plans to sell off land and property acquired for the second leg of HS2 at a loss, as it emerged that the government spent £564m on land for the cancelled route.
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HUB and Bridges plan resi conversion for £39m Aldgate office purchase
HUB and Bridges Fund Management have bought a central London office block in Aldgate for £39m with plans to convert it into a residential scheme.
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RICS CEO Justin Young sets out institution’s ‘post-Bichard evolution’
Justin Young, the new chief executive of RICS, has laid out the organisation’s goals for its “post-Bichard evolution” in an exclusive interview with Property Week.
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Gove sets out options for leasehold reform but industry predicts ‘rocky road ahead’
The government has unveiled proposals to slash ground rents, setting out five options for leasehold reform, following the unveiling of the Leasehold and Freedom Reform Bill in the King’s Speech.
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Green light for Gen Two’s Cambridge life sciences hub
Life sciences developer Gen Two has been given the green light to develop a 125,000 sq ft life sciences hub in Cambridge.
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Chief executive Justin Young sets out his priorities for RICS
Young plans to reconnect with members at the crisis-hit institution and focus on sustainability and diversity.
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Revolut in talks to move headquarters to iconic Canary Wharf YY building
Fintech banking firm Revolut is in talks to move its headquarters to a 113,000 sq ft space at Quadrant’s YY building at Canary Wharf.
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Vistry pre-sells 3,000 homes in £819m partnerships deal with Sage and Leaf
Vistry Group has signed an £819m partnerships deal with two Blackstone-backed providers, Leaf Living and Sage Homes, in one of the largest new-build residential investment transactions on record.
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Industry unimpressed by King’s Speech led by leasehold and renters reform
The industry says it has been “short changed” by a “lacklustre” King’s Speech that featured expected announcements on renters’ rights and leasehold reform.
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WeWork files for bankruptcy in US but ‘business as usual’ for UK operations
WeWork has filed for Chapter 11 bankruptcy in the US but declared it is “business as usual” for its operations in the UK and Ireland.
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Ex-WeWork execs to help landlords with ‘struggling workspace operators’
Flexible workspace firms Re-Defined and Platformspace have formed a new partnership, bringing together several of WeWork’s former executives with the aim of stepping in to take over space from operators struggling in the co-working market.
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WeWork plans to file bankruptcy as early as next week, sources say
WeWork plans to file for bankruptcy as early as next week, according to reports in the US.
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Eight split from Avison Young to form retail advisory practice
A group of eight leading retail warehouse agents have left Avison Young to set up a new advisory practice called Park Place Retail, Property Week can reveal.
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Brookfield working up plans for new City skyscraper at 99 Bishopsgate site
Brookfield Properties is working up plans to replace its 99 Bishopsgate office tower in the City of London with a new 54-storey skyscraper.
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Co-op’s Manchester HQ sells for third less than original asking price at £140m
The Co-operative Group’s 330,000 sq ft Manchester headquarters has been sold to a Middle Eastern investor for around £140m, around two thirds of its original price.
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Avison Young to market government’s Warwickshire Rosalind Franklin Laboratory
The Department for Health and Social Care has appointed Avison Young to sell the Rosalind Franklin Laboratory, a 236,231 sq ft state-of-the-art facility and former Covid-19 testing base in Leamington Spa, Warwickshire.