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NewsIndustry welcomes Labour pledge to abolish business rates
Business and property leaders have hailed the Labour Party’s promise to abolish a major tax on commercial property.
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Railpen buys 309,000 sq ft Cambridge office site
Railpen, the investment manager for several pension schemes, has acquired a 309,000 sq ft office development in central Cambridge from private group Pace Investment for an undisclosed sum.
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London & Cambridge Properties acquires 53,000 sq ft Somerset site
TCN UK has sold a 53,000 sq ft multi-let office building in Bridgwater, Somerset, to investor London & Cambridge Properties for £5m.
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Galliard kickstarts sale of apartments in TCRW Soho scheme
London property developer Galliard Homes has launched the first phase of the sale of apartments in its £140m TCRW Soho development in central London.
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Rapleys buys CSJ and hires new partner Alex Rogerson
Property consultancy Rapleys has acquired Bristol planning practice CSJ and hired new partner Alex Rogerson from real estate giant JLL.
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Martin’s Properties buys South East retail and shed portfolio for £23.1m
London real estate company Martin’s Properties has snapped up a portfolio of four assets comprising a combined 130,000 sq ft in the South East for £23.1m, Property Week can reveal.
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Westminster could seize oligarchs’ homes as war declared on ‘dirty money’
Westminster has launched a “war on dirty money” that could see homes in Belgravia, Knightsbridge and Mayfair seized and turned into affordable housing.
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Brookfield launches ARC Oxford in £1bn life science drive
Canadian private equity firm Brookfield has begun a new £1bn drive to create science-ready space in Oxford with the launch of ARC Oxford, the former Oxford Business Park.
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Investec provides £29m loan for industrial schemes in Peterborough and Aylesbury
Investec Real Estate has announced it will provide a 22-month senior development loan of £28.7m to industrial property developer Chancerygate to support the development of two industrial schemes.
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Gilbanks to launch new flexible workspace at Aviva’s Manchester office
Luxury serviced office provider Gilbanks is set to launch a new 22,000 sq ft flexible workspace offering in Manchester’s central business district, Property Week can reveal.
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Abrdn’s AIPUT fund secures £350m debt financing
Asset manager abrdn’s AIPUT (Airport Industrial Property Unit Trust) fund has completed a £350m senior secured sustainability-linked credit facility that it said will enhance its responsible investing approach.
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Mace cuts gender pay gap, but ethnicity pay gap widens
Consultancy and construction firm Mace has revealed a 13.2% improvement in its median gender pay gap over the past year, from 36.4% to 31.6%.
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Mini-budget: Industry reacts to planning reform, tax cuts and investment zones
Chancellor Kwasi Kwarteng has said the government will introduce a planning and infrastructure bill to reform and “unpick the complex patchwork of planning restrictions and EU-derived laws that constrain our growth”, in a budget described by JLL UK chief executive Stephanie Hyde as “anything but mini” for real estate.
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CMA launches probe into GIC/Greystar’s Student Roost acquisition plan
The Competition and Markets Authority (CMA) has started an investigation of Singaporean investor GIC and US developer and manager Greystone Real Estate Partners’ bid to acquire Student Roost, the UK’s third largest purpose-built student accommodation provider.
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Derby retail hub announces trio of new lettings
Ted Baker, Søstrene Grene and 200 Degrees are the latest brands to join retail and leisure destination Derbion in Derby city centre.
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The Hill Group gains approval to build 317 homes at Oxford North
Housebuilder The Hill Group has been given the greenlight to develop the first 317 of 480 homes as residential development partner for Oxford North’s Canalside project.
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Countryside and Leaf Living partnerships reach £100m mark
Mixed-tenure developer Countryside and new-build rental housing provider Leaf Living are undertaking two deals to build a combined 106 homes.
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Architecture student Tallulah Bannerman wins Women in Property prize
University of Edinburgh architecture student Tallulah Bannerman has scooped the top prize in the 2022 Women in Property National Student Awards.
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R&F and CC Land appoint JLL and CBRE as Thames City letting agents
Hong Kong developers R&f and CC Land has appointed JLL and CBRE as the letting agents at its Thames City residential tower development in Nine Elms, Property Week can reveal.
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Colliers signs lease to occupy Birmingham’s tallest office building
Canadian commercial real estate firm Colliers has signed a 10-year lease to occupy 103 Colmore Row – Birmingham’s tallest office building at 26 storeys – with owners joint venture partners Sterling Property Ventures and EPISO 4, a fund managed by Tristan Capital Partners.
