All articles by Nick Johnstone – Page 3
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Online
UK pension fund to buy £550m RBS portfolio from Trillium
Legal General Property is making a huge bet on the fortunes of Royal Bank of Scotland with the purchase of a £550m property portfolio let to the state-owned giant.
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Online
Former DTZ and LSH man Knowles takes on new role
Colliers International has recruited capital markets agent John Knowles to the firm as a partner in its national investment team, PropertyWeek.com can reveal.
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Online
Wereldhave abandons €220m bond offering
Wereldhave has abandoned plans to offer €220m in five-year convertible bonds in order to refinance convertible bonds due in 2015.
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Online
Former RREEF boss splashes €653m in Greece’s biggest ever property deal
Invel Real Estate Partners, an investment company run by the former global head of RREEF, has today agreed to buy a 66% stake worth €653m in NBG Pangaea Real Estate Investment Company from the National Bank of Greece.
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Online
Orchard Street acquires Wembley retail park
Orchard Street Investment Management has bought Stadium Retail Park in Wembley for £14.2m from Quintain Estates and Development.
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Online
Prime resi companies risk “overcrowded” development market, warns EC Harris
London’s prime residential pipeline has doubled since 2011, meaning up to £50bn homes will be delivered in the next 10 years and increasing the risk of an over-crowded market, according to an EC Harris report published today.
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Online
Slimmed-down Quintain plans “period of growth”
Quintain Estates & Development said today it was planning to embark on a period of growth following the completion of a streamlining process.
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Online
Pair charged in £60m property fraud case
Two former partners of failed property investment company Arck have this weekend been charged with fraud and forgery offences by the Serious Fraud Office and Nottinghamshire Police.
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Markets
London & Continental sets Mayfield scheme in train
Rail property manager seeks partner to develop 24 acres at former depot. Nick Johnstone reports
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Markets
Q+A: JLL’s Bob Dyson looks back on his four decades in the market
Bob Dyson, chairman of Jones Lang LaSalle’s north-west business and one of the stalwarts of Manchester’s property market, is retiring from the firm at the end of the year. He hosts a retirement party next week at JLL’s Warwick Street office in London’s West End.
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News
Almacantar re-imagines Marble Arch Tower as resi
Almacantar this week began consultation on a Farrells-designed scheme on Edgware Road that includes the first new petrol station in Westminster for a decade, which is one of two parts of its £500m-plus plan for the redevelopment of Marble Arch Tower at the western end of Oxford Street.
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Insight
Cheshire’s hard cell: who will bid for AstraZeneca's Alderley Park site?
AstraZeneca’s decision to leave its Alderley Park R&D facility is a bitter blow to the local economy. Four bidders could provide an antidote.
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Markets
£100m of flats sold at Baltimore Wharf
Galliard Homes and Frogmore have presold flats worth more than £100m at their Baltimore Wharf scheme in London’s Docklands.
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Online
First tenant for Manchester Airport City
Manchester Airports Group has signed up its first tenant to the £800m Manchester Airport City development scheme, which is being developed with a Chinese-backed consortium.
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Online
Ernst & Young in major Canary Wharf move
Accountancy giant EY is to move to Canary Wharf for the first time, taking a prime slot in the new 25 Churchill Place building.
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Online
Colliers International hires head of City Investment
James Gann (pictured) is to join Colliers International early in the new year as a partner and head of its city investment team.
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Online
Cordea Savills buys North Lincolnshire Shopping Park
Cordea Savills has agreed terms with Simons Group to fund the North Lincolnshire Shopping Park, Doncaster Road, Scunthorpe, for around £23.5m on behalf of the Bishopsgate Long Term Property Unit Trust.
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Online
Christian Candy buys rare City of London freehold
Christian Candy’s CPC Group has struck an unusual deal to buy an option with one of the City of London’s livery companies to buy the freehold interest in Sugar Quay, London.
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Online
SWIP buys Southwark new-build at 5%
Scottish Widows Investment Partnership, which is being acquired by Aberdeen Asset Management, has bought the Harlequin Building on London’s South Bank for a yield of around 5%, Property Week can reveal.
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Online
Internos hired to handle €230m British Land retail fund
British Land has hired Internos to manage its 65% stake in the Pillar Retail Europark Fund, a vehicle that owns ten retail parks in Spain, France, Portugal and Italy with a collective value of €230m.