All articles by Mark Wilding – Page 2
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Target strikes £17.1m of care home deals
Care home investor Target Healthcare has completed the purchase of a development site in West Yorkshire and exchanged contracts to buy a pre-let care home in mid-Wales.
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Wynnstay Properties sees 12% rise in NAV per share
Wynnstay Properties has revealed double digit increases in both net asset value per share and profit before tax in its full-year results to 25 March.
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Three sites bought by The PRS REIT for £34.4m
The PRS REIT has bought three development sites in the north west of England with a combined gross development value of around £34.4m.
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WeWork Property Advisors secures planning for two City redevelopments
WeWork Property Advisors, the joint venture set up by WeWork and Rhone Capital, has secured planning permission for the refurbishment and re-development of two offices in the City of London: 51 Eastcheap and 120 Moorgate.
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Central London office market sees 15% uplift in take-up
Office take-up in central London hit 1.3m sq ft in May, well above the 10-year average of 1m sq ft and taking the year-to-date total to 4.9m sq ft, 15% higher than at the same point in 2017.
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Samsung signs for 20,000 sq ft King’s Cross ‘playground’
Samsung is to open a “creative and digital playground” within the Kings Cross regeneration scheme after signing a deal with Argent to take a 20,000 sq ft space at Coal Drops Yard.
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Profits down 19% at Mountview Estates
Mountview Estates has blamed the “uncertain economic climate” for a fall in annual pre-tax profits of almost 19%
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British Land commits £200m more to share buyback programme
British Land has announced it will extend its share buyback programme by £200m in the wake of its £1bn sale of the 5 Broadgate office building.
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5 Broadgate sold for £1bn
British Land and GIC have completed the sale of 5 Broadgate to Hong Kong-based CK Asset Holdings for £1bn, representing a yield of 3.95%.
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Online
Double-digit revenue rise at Safestore
Self-storage provider Safestore has seen half-yearly revenue rise by 10.5%.
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Tritax Eurobox seeks £300m through IPO
Tritax EuroBox is seeking to raise up to £300m for its flotation on the specialist fund segment of the London Stock Exchange.
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Storey Homes appoints two to management team
Storey Homes has bolstered its senior management team with two appointments including a new head of land and planning.
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Airbnb growth continues in London despite legislation
Airbnb has increased its share of the overnight stay market in several major European cities, despite the increasing trend for authorities to legislate against the holiday rentals platform.
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Deliveroo unveils UK expansion plans
Deliveroo has announced plans for a major UK expansion, adding 5,000 restaurants to its delivery platform and extending its network by around 50%.
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Crompton Place bought by Bolton Council as regeneration plans pick up pace
Bolton Council has bought the Crompton Place shopping centre from Santander pension fund for £14.8m as part of its £1bn town centre regeneration plans.
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M&S headquarters hits the market
The Marks and Spencer’s let Waterside House has been put on the market by owner Gaw Capital.
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Pure Retirement takes space at Paradigm
Scarborough International Properties and Legal General have secured a 12,575 sq ft letting to Pure Retirement at Thorpe Park Leeds.
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Octopus makes triple appointment & issues £10.7m loan
Octopus Property has announced three senior appointments and agreed a £10.7m loan to FRT Developments for delivery of 51 homes in west London.
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Montagu Evans appoints new partners for retail and industrial
Development consultancy Montagu Evans has added two new partners with Andrew Haughey joining from Capital Regional to head up retail asset management for the firm and Paul Londra joining its industrial team from Doherty Baines.
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Green light for WeWork City site
City of London councillors have granted planning permission for the latest London outpost of co-working provider WeWork at 120 Moorgate.