All News articles – Page 26
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NewsUS hedge fund sues developer for breaking alleged Royal Albert Dock deal
US hedge fund Baupost has filed a High Court claim suing UK developer DPK Management for allegedly breaking a deal to jointly acquire London’s Royal Albert Dock development.
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UK’s single family housing sector set for £8bn of capital
The UK’s single family housing market is growing rapidly, with more deals completed in Q1 this year than in the whole of 2022 and £8bn of capital heading to the sector in the next three to five years, according to Knight Frank.
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February sees ‘unseasonable rise’ in average rent price
The average London rent rose 5% to over £570 per week in February from the previous month, exceeding the highs of the peak lettings season last summer, according to Foxtons.
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£1.95m Hatton Garden property leads Strettons’ March auction
A part-let retail and office property in Hatton Garden, London, is to go under the hammer at Strettons’ March auction, with a guide price of £1.95m.
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Standard Chartered commits to global HQ in City of London
Standard Chartered has signed a new reversionary lease at its global headquarters in London, committing to its long-term future at the City of London.
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Vistry hails ‘excellent progress’ in Countryside integration
Housing giant Vistry posted a 20.9% rise in profit in 2022, but cut the shareholder payout as the outlook for the market worsens.
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Thames Freeport greenlighted with £25m funding
Thames Freeport has received final government sign-off to start operating and will receive up to £25m in seed funding.
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Maslow Capital agrees £114m loan for Paddington PBSA scheme
Maslow Capital, a provider of real estate development finance, has agreed a £114m loan for Union Property Development to build a 356-bed student accommodation scheme in Paddington, central London.
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Investec loans GSA £85m to refurbish five PBSA assets
Investor Investec Real Estate is providing an £85m loan to developer Global Student Accommodation Group (GSA) to support the refinance and partial refurbishment of five UK purpose-built student accommodation (PBSA) assets.
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Connells launches arm targeting rental sector investors
Property services provider Connells Group, part of building society owner Skipton Group, has launched Connells Living, a business proposition focused on private rented sector (PRS) investors.
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Knight Frank hires Hashemi as UK ESG lead
Property consultancy Knight Frank has recruited Amira Hashemi as UK ESG lead for property and asset management.
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Henry Boot posts record underlying profit but warns 2023 will be ‘a tougher year’
Property investment and land promotion specialist Henry Boot has posted a record annual underlying profit of £56.1m.
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WeWork reopens flagship City of London flexible office
WeWork’s flagship flexible office location in the City of London has reopened following a major revamp to “meet the evolving needs of the modern workforce”, Property Week can reveal.
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British Land goes on retail park buying spree
British Land has completed on the acquisition of three retail parks for a total of £94m and sold its 50% stake in a retail park in Preston for £30m.
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Supermarket Income REIT completes £87m refinancing
Supermarket Income REIT has refinanced its existing loan facilities with Bayerische Landesbank (BLB) with a £86.9m three-year loan.
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HTB completes £21.1m development finance
Hampshire Trust Bank (HTB) has completed a £21.1m development exit and construction loan facility for a mixed-use development in North London.
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Chelsea considering knocking down Stamford Bridge for new £2bn stadium
Chelsea Football Club is reportedly considering plans to bulldoze and redevelop Stamford Bridge and build a new stadium costing up to £2bn.
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Lloyds Bank signs major letting for new Leeds HQ
Lloyds Banking Group will move to MEPC’s office building 11 and 12 Wellington Place in Leeds after signing for 124,000 sq ft, in one of the city’s largest lettings in recent years.
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Survey: Who is getting D&I right?
Property Week has launched its inaugural ‘Inspiring Diversity in Property 2023’ survey.
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Hammerson CEO Gangé on how retail property group ‘has turned a corner’
It’s been a busy 865 days for Rita-Rose Gagné.
