Segro has received an 86.53% take-up for its placing and open offer to raise £250m to fund the purchase of Brixton, its rival. The remaining 13.47% will be allocated to investors.
Segro has completed the biggest property company takeover of the downturn so far and successfully bought its industrial rival REIT, Brixton.
Former Crest Nicholson development manager Chris Huntly-Gordon has joined developer HUB as head of acquisitions.
The number of appeals started in the 15 months since the 2017 rates revaluation has fallen year-on-year by more than 86% according to the VOA’s newest figures.
Drum Property Group has submitted plans for the £30m first phase of its mixed-use regeneration project at Pacific Quay in Glasgow, featuring 20,000 sq ft of Grade A office space and an urban whisky distillery.
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