All articles by Rhiannon Curry – Page 16
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OnlineAEW buys Sutton shopping centre
Criterion Capital has sold its leasehold interest in St Nicholas Centre in Sutton to AEW for £71.6m, a yield of 6.49%.
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OnlineRockspring buys £45.1m Aberdeen office
Rockspring Property Investment Managers has purchased Annan House in Aberdeen for £45.1m from oil company EnQuest.
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OnlineTIAA-CREF joins forces with Swedish pension funds to form €4.2bn investment vehicle
US investor TIAA-CREF has signed a deal with two Swedish national pension funds, AP1 and AP2, to invest in European property.
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OnlineEuropean investment activity at 2007 levels, report finds
The first half of 2015 has witnessed the highest levels of commercial property investment activity in Europe since 2007, according to a Savills report.
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OnlineEcco signs for new store in UK expansion
Danish footwear brand Ecco Shoes has signed up for a new store at Intu Bromley as part of its UK expansion plans which will see it open 10 more in the next 12-18 months.
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OnlineCompetition authority gives go-ahead to Poundland/ 99p Stores merger
The Competition and Markets Authority (CMA) has provisionally cleared Poundland’s acquisition of 99p Stores to create an 800-store portfolio.
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NewsBig Four bounce sparks rise in supermarket investment
Supermarket investment transaction activity is at its highest level since the third quarter of 2007, according to research from Real Capital Analytics.
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NewsPreferred bidder chosen for major Edinburgh opportunity
A preferred developer has been chosen for one of Edinburgh’s most prominent development sites, which could house around 375,000 sq ft of office, retail, residential, hotel and leisure space.
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MarketsEdinburgh opens arms to Chinese firms
With London becoming ever more expensive for occupiers and investors alike, Edinburgh is hoping it can become the next major UK destination for firms from the Far East and schemes are now in place to encourage Chinese companies to set up home in the Scottish capital.
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NewsGoldman Sachs takes a $150m chance on Indian developer
Investment bank Goldman Sachs has agreed to invest $150m (£96m) for a minority stake in Indian real estate development business Piramal Realty.
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OnlineRoyal Exchange refurb plans unveiled
Plans have been submitted for a second phase of improvements to The Royal Exchange in Manchester.
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OnlineLeisure business travels to Trafford Quays
Travel Counsellors has taken 28,500 sq ft at Peel Land Property’s Venus building in Manchester’s Trafford Quays for its new head office.
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Online
Savills wins Redefine mandate
Savills has been appointed by Redefine International as sole property manager on its UK-wide shopping centre portfolio.
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Austin Reed to close Regent Street flagship
Menswear retailer Austin Reed has put its flagship Regent Street store on the market, just months after closing 31 stores as part of a deal with creditors.
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Online
St Modwen unveils £100m Wolverton railway scheme
Regeneration firm St Modwen has submitted an outline planning application for the £100m mixed-use regeneration of the railway works site at Wolverton, Milton Keynes.
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OnlineHammerson plans Union Square extension
Shopping centre owner and developer Hammerson has submitted proposals for a multi-million pound expansion ofthe Union Square shopping centre in Aberdeen.
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L&G acquires 36,000 sq ft Birmingham office
Legal General Property has acquired 43 Temple Row, Birmingham, from the Crown Estate for £14.5m.
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Online
M&G makes first retail buy in South Korea
M G Real Estate has made its first retail acquisition in South Korea, buying three assets for $230m (£148m), at an average yield of 6.5%.
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Online
LSH Enterprise Award opens for entries
Lambert Smith Hampton has opened entries for its new Enterprise Award to seek out innovative ideas around devolution.
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OnlineRestaurant pair sign for debut Scotland sites
Restaurants Busaba Eathai and Drake Morgan have signed for space at the South St Andrew Square development in Edinburgh – both brands’ first ventures in Scotland.
