All North East articles – Page 23
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Centurion acquires Leeds business park through new vehicle
UK real estate company Centurion Properties has acquired Lawnswood Business Park in Leeds, through Centurion Capital Partners, a new vehicle funded by property investment manager ICG-Longbow.
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News
Land Secs nears deal for Gateshead park
UK real estate fund manager Frogmore and asset manager Ares Management have placed Team Valley Retail Park in Gateshead under offer for around £200m.
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Singapore investor acquires Leeds regeneration site
Singapore-based investment and development company Heeton Holdings has acquired a 2.45-acre regeneration site in Leeds city centre which has planning for a 1m sq ft mixed use scheme.
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Henley offloads Newcastle office site
Henley has completed the leasehold sale of a 99,000 sq ft office site at Cobalt Business Park in Newcastle.
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Maya Capital buys three properties in Cardiff and Newcastle
Maya Capital, the real estate and private equity investment firm, has completed three separate transactions for a total of £28.5m, taking its total equity deployed during 2015 to £41.5m.
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Dalton Park sold to TH Real Estate in £38m deal
TH Real Estate has acquired Dalton Park Outlet Centre in Country Durham from Peveril Securities for £38m in an off-market deal.
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M&G splashes £46.25m on Newcastle retail
M G Real Estate has acquired Newcastle Shopping Park from Aberdeen Asset Management for £46.25m.
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Housing crisis hits big cities
Growth in home ownership in eight of England’s largest cities has stalled as the rising cost of housing prices buyers out.
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L&G gets go-ahead for spec shed development
Legal General and DB Symmetry have secured planning consent for the development of up to 182,556 sq ft of warehousing space near Wigan.
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Fund books into Hilton
Universities Superannuation Scheme (USS) has bought the Hilton Newcastle Gateshead hotel from Aviva Investors for more than £36m.
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Markets
Siglion — a fresh start for Sunderland?
The face of Sunderland could be changed by a new JV in charge of the council’s portfolio.
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Markets
Demand is growing in the North East but supply gap must be filled
The North East market is recovering but Newcastle needs more grade-A stock.
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Markets
St Modwen’s Billingham buy could spark off secondary retail centre regeneration
At the end of last year, St Modwen announced it had bought Billingham shopping centre in the Tees Valley for £14.25m from Stockland, reflecting a yield of 9.96%.
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Markets
A drink with… Bill Lynn, director of ES Group
Bill Lynn talks Newcastle pubs, restaurants and… sheep, as part of a new series to get to know property people and their patches.
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Online
Smith’s Dock regeneration gets go-ahead
Places for People and Urban Splash are set to undertake the regeneration of Smith’s Dock in North Shields, after it was granted detailed planning permission for the first phase of 34 new homes.
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Software company bags record office deal in Leeds
Leeds-based property firm Rushbond has let a 24,000 sq ft building near Horsforth to global digital marketing agency Search Laboratory – the largest out of town office deal in Leeds this year.
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LondonMetric sells Bishop Auckland retail park for £23.6m
LondonMetric Property has sold Bishop Auckland Shopping Park to Standard Life Investments for £23.6m, reflecting a net initial yield of 5.27%.
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News
Avenue Capital buy sees it head for Geordie shores
New York-based Avenue Capital has agreed to forward-fund a £24m student scheme in Newcastle.
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HS3 in the north gets government backing
The government has given its backing to develop High Speed 3 – a new rail link connecting northern cities.
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News
Sterling 9.1% yield at 2.5m sq ft northern industrial estates lot
A portfolio of industrial estates totalling 2.5m sq ft has been brought to the market with a price tag of £84m.