All articles by Nick Johnstone – Page 12
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Online
Industrial company enters administration; Aviva in £50m Ashtenne equity raising
Industrial asset manager Warner Estate Holdings is to be placed into administration after Aviva Investors withdrew its support for the company’s management of Aviva’s £460m Ashtenne Industrial Fund and appointed a new asset manager.
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Online
Network Rail agrees 38,000 sq ft Birmingham lease with St Modwen
St Modwen has let 38,000 sq ft of warehouse and office space at its 55-acre Heartlands Park scheme in Washwood Heath, Birmingham.
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Online
Gherkin owner enlists new property manager
CBRE is to replace Knight Frank as the property manager running the “Gherkin” in the City of London.
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Online
Foxtons to raise £55m with September float
Foxtons, the high-end estate agency bought at the top of the market by private equity group BC Partners, will be floated in September to raise around £55m that will wipe out the company’s debts.
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Online
Christian Candy snaps up $35m New York block
Luxury residential developer Christian Candy has bought 19 East 70th Street in New York for a price thought to be around $35m.
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Online
Foxtons to raise £55m with September float
Foxtons, the high-end estate agency bought at the top of the market by private equity group BC Partners, will be floated in September to raise around £55m that will wipe out the company’s debts.
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Online
Demand for London luxury homes outstrips boom time
The demand for luxury houses in London has surpassed levels recorded before the economic crisis, according to research from the Centre for Economics and Business Research.
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News
Shard welcomes lawyer tenant
A firm of intellectual property lawyers is to become the latest company to take space at the Shard, at London Bridge.
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Markets
Local developers exorcise Irish ghost estates
Success of residential auctions in Ireland sign of renewed optimism. Nick Johnstone reports
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News
LSE’s Cancer Research fillip
The London School of Economics has bought Cancer Research UK’s London Research Institute in Midtown in a deal that could “future proof” the university’s space requirements for the next 50 years and provide a huge contribution to the charity’s work.
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Insight
GIC buys into 2m sq ft of City redevelopment opportunities
Singapore’s GIC will gain exposure to more than 2m sq ft of City of London refurbishment and redevelopment opportunities as a result of its decision to buy Blackstone’s half-share in Broadgate.
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Markets
Legal & General homes £15bn strategy
Managing director Hughes says build-to-rent has become more palatable
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Online
From the Newsroom: Inside GIC's stunning Broadgate buy
GIC has agreed a deal to buy a 50% stake in the 4.4m sq ft Broadgate office complex in the City from Blackstone for £1.7bn – the UK’s largest ever single asset property deal.
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Online
Far Eastern fund to buy £1.7bn Broadgate stake
One of the world’s biggest sovereign wealth funds has agreed a deal to buy a 50% stake in Broadgate from Blackstone for £1.7bn, Property Week can reveal.
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Online
REVEALED: Far Eastern fund to buy £1.7bn Broadgate stake
One of the world’s biggest sovereign wealth funds has agreed a deal to buy a 50% stake in Broadgate from Blackstone for £1.7bn, Property Week can reveal.
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Online
Sainsbury’s Bank signs 80,000 sq ft Edinburgh office deal
Sainsbury’s Bank has signed for new offices at Edinburgh Park in West Edinburgh to accommodate expansion plans, after its J Sainsbury’s parent company announced plans to buy Lloyds Banking Group’s 50% share of in the bank.
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Online
Sainsbury’s Bank signs 80,000 sq ft Edinburgh office deal
Sainsbury’s Bank has signed for new offices at Edinburgh Park in West Edinburgh to accommodate expansion plans, after its J Sainsbury’s parent company announced plans to buy Lloyds Banking Group’s 50% share of in the bank.
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News
Tenants pile into Square Mile
A host of occupiers, looking for between 20,000 sq ft and 50,000 sq ft, are seeking City of London offices as the Square Mile’s leasing market bounces back.
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News
Grosvenor sells £350m Belgravia resi scheme
Grosvenor is to sell a £350m Belgravia development opportunity to a recently launched high-end residential venture.
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Online
Hermes buys Finsbury Tower
Hermes Real Estate has bought an office tower near Old Street roundabout under medium-term plans to reposition it for the technology and creative sector.