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OnlineBurke become Maples Teesdale managing partner
Real estate law firm Maples Teesdale has appointed Paul Burke as managing partner.
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Online
Cornish Bakery appoints Four & Co and Central Retail to lead nationwide expansion
Cornish Bakery has appointed Four & Co and Central Retail as its agents for property acquisition as it plans to open at least 15 outlets a year.
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Online
M7 fully lets Lombardy Retail Park in Middlesex
M7 Real Estate has let 12,500 sq ft of retail warehouse space at Lombardy Retail Park in Hayes to Currys.
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Online
Lewisham Affordable BTR scheme forward sold to CBRE fund
Watkin Jones has forward sold of an affordable scheme in Lewisham to CBRE UK Affordable Housing Fund (AHF).
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Online
LondonMetric sells seven assets for £33.9m
LondonMetric has sold seven long income assets for £33.9m, reflecting a return of 10%.
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Online
Capco and Shaftesbury complete £3.5bn merger, become Shaftesbury Capital
Capital and Counties and Shaftesbury have completed their £3.5bn all-share merger to formed a new company that will dominate the Soho and Covent Garden area of central London.
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Alternative Income REIT’s NAV falls 12.5%
Alternative Income REIT’s net asset value (NAV) fell 12.5% in the first six months of its financial year, but the firm has assured investors that dividend payments will not be affected.
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LXi agrees £150m of new lending
LXi REIT has agreed a £150m loan and an extension to its existing £60m HSBC facility as part of its refinancing strategy.
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Online
Regal London and Cheyne snap up Barnet retail park
Regal London and alternative asset manager Cheyne Capital Management have acquired Great North Leisure Park from Landsec.
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Online
Hanover Square: March 2023
February 2023 January 2023 December 2022 November 2022 October 2022
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Online
Housebuilders face ’high level of risk’ in CMA probe
The government-requested CMA probe of the housebuilding and private-rented markets “presents a high level of risk” and will pose some “very telling questions” for UK housebuilders, industry sources have warned.
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Online
Register now for upcoming webinar: How to optimise your business critical data
Disconnected information, processes and people have created massive inefficiencies, leading to costly project delays, duplicated work, poor cross-team collaboration, and serious long-term consequences for real estate and construction businesses.
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Online
Property Week Digital Edition - 24 February 2023
Call to overhaul affordable homes model - London mayor’s call for new 30m-plus resi blocks to have second staircases raises fears about viability of schemes - Why offering employees access to the right flexible workspace can be crucial for companies looking to attract and retain the best staff
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Online
Valesco hires Stephen Cahoon as MD to head asset management
Real estate investment and asset manager Valesco Group has appointed Stephen Cahoon as managing director, head of asset management, at the firm’s head office in London.
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Montagu Evans hires resi land specialist Thomas as partner
Planning and development consultancy Montagu Evans has recruited Richard Thomas as a partner to lead its land team, as the firm develops its offer in the housing arena.
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Online
Portfolio value slumps 13.3% at Supermarket Income REIT
The value of Supermarket Income REIT’s portfolio slumped 13.3% in the second half of 2022 as the group suffered from industry-wide outward yield movements.
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Online
NAV and property values fall at abrdn’s European logistics fund
The value of abrdn European Logistics Income REIT’s portfolio fell 6% in the three months to the end of December as a result of outward yield movements.
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Online
Property sector’s net zero 2050 target ‘will be missed’
Nine in 10 senior property industry leaders think current government policy will fail to deliver a net zero property sector by 2050, with key figures warning that the industry will “continue to fall short of targets” unless pledges are turned into action.
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Online
Canvas to convert Oxford Street retail unit into five-storey flexible workspace
Canvas Offices has unveiled plans to create a five-storey flexible office space on Oxford Street after signing a 25-year lease for a building currently used for retail and storage, Property Week can reveal.
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Online
Fora to launch flexible workspace at London’s Bankside
Flexible office provider Fora is to launch a 43,300 sq ft workspace at London’s Bankside after entering into a management agreement with Oxford Properties.
