All Online articles – Page 5
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Online
CBRE’s Trammell Crow enters European office market with Candour buy
CBRE has expanded its Trammell Crow Company (TCC) real estate development business in the UK with the purchase of office developer Candour.
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Industrial & Logistics supplement October 2023
I&L take-up falls by almost half in 2023 - Will developers embrace timber construction? - Tritax partner Petrina Austin talks strategy - Five minutes with… Gerald Eve associate Emily Pearson
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Pizza Express considers bid to gatecrash £506m TRG deal with Apollo
Pizza Express is considering a bid for The Restaurant Group (TRG), the listed company that owns Wagamama, Sky News has reported.
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M7 Regional E-Warehouse REIT plans restructure and pauses dividends after NAV fall
M7 Regional E-Warehouse REIT revealed that it is planning to restructure after pausing dividend payments, following a 13% hit to net asset value (NAV) and its announcement that it is exiting the International Property Securities Exchange (IPSX).
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The time has come to turn to timber
Industrial and logistics developers have made impressive progress on sustainability in recent years. Where once they were only too happy to throw up poorly insulated structures at breakneck speed, now careful consideration is given to a building’s energy efficiency and overall environmental performance.
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Foxtons hit by slow house sales, but rental market provides 5% revenue boost
Foxtons has been hit by a 18% fall in sales due to the tough housing market in the nine months to the end of September, but said a strong rental market had mitigated the decline.
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Fidelity buys WeWork office block in London
Fidelity International has acquired 99 Queen Victoria Street in the City of London from troubled serviced office group WeWork.
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Z Hotels secures lending for new London property
Z Hotels has secured a £23m loan from OakNorth and ASK Partners for the acquisition and refurbishment of a mixed-use building on Charing Cross Road in central London.
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Goodstone Living closes £550m-plus BTR fund
Goodstone Living has closed its first UK build-to-rent (BTR) residential fund with more than £550m of investment capital.
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Creating a greener, fairer urban future
More than 55% of the world’s population lives in urban areas, a figure that the United Nations Human Settlements Programme predicts will reach more than 68% by 2050. At the same time, urban areas contribute to over 70% of global GDP around the world.
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British Land appoints former Kennedy Wilson president to board
British Land has appointed industry veteran and former Kennedy Wilson president Mary Ricks as a non-executive director.
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Rental income grows at PHP as it completes Johannesburg listing
Primary Health Properties (PHP) added £3.3m to its rent roll in the nine months to the end of September, improving on last year’s growth in income.
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Montagu Evans appoints Avison Young’s Rachel Crick as planning partner
Planning and development consultancy Montagu Evans has strengthened its planning team in London with the appointment of Rachel Crick as partner.
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ICG Real Estate acquires £125m London digital infrastructure portfolio
ICG Real Estate has acquired a £125m portfolio of central London digital infrastructure assets let to Vodafone UK.
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Schroder European REIT appoints Beddy to board
Schroder European Real Estate Investment Trust has appointed Mark Beddy as an independent non-executive director of the company.
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Newcore targets £375m equity raise for core-plus fund
Newcore Capital, the real estate investment manager that specialises in social infrastructure assets, is aiming to raise up to £375m for a new core-plus strategy via a fund to be launched by the end of this year.
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Ilke Homes formally enters liquidation
Modular housebuilder Ilke Homes has formally entered liquidation with debts of more than £319m set to go unpaid.
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Vistry to take £40m hit to profit as it closes private home sales unit
Housebuilding giant Vistry has told investors that it expects a £40m hit to its profits after it shut its private housebuilding arm down to focus solely on affordable housing partnerships.
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NAV nudges up at Impact Healthcare
Impact Healthcare has posted a 1.3% rise in net asset value (NAV) during the three months to the end of September.
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OnTheMarket founder slams £99m takeover deal
The founder of OnTheMarket said he will vote against the £99m offer from information group Costar for the estate agency-backed property portal.