All articles by Rhiannon Curry – Page 6
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News
Thor in sunny mood with its second deal in Puerta del Sol
Real estate investment company Thor Equities has signed a contract to acquire a department store on Madrid’s famous Puerta del Sol for €70m (£51.6m).
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New firm Cast to advise on investment and development
Three well-known figures in the property and construction sectors have launched a new business focusing on specialist residential-led markets and housing innovation.
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Sainsbury’s Bank Edinburgh HQ sold
Sainsbury’s Bank’s headquarters at 3 Lochside Avenue in Edinburgh Park has been sold by Aviva Investors for £19m, a yield of 6.31%.
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Urban Splash secures GMPVF backing
The Greater Manchester Property Venture Fund (GMPVF) has agreed a deal with regeneration company Urban Splash to fund a development in New Islington, Manchester.
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Workspace buys Surrey Quays office
Workspace Group has bought a 33,635 sq ft office building in London’s Surrey Quays for £10.525m.
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Shopping centre investment set for bumper first quarter
Investment in UK shopping centres is likely to be strong in the first quarter of this year after 2015 values exceeded £4bn, according to research from Cushman Wakefield.
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HIG Capital buys mall duo
An affiliate of HIG Capital has completed the acquisition of two regional shopping centres: The Kennet Centre in Newbury and the Kirkgate Centre in Bradford.
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Scottish government to review business rates
Scottish finance secretary John Swinney has announced a review of the business rates system in his budget speech to Holyrood.
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Edinburgh office take-up to hit 1m sq ft
Take-up in Edinburgh’s office market is expected to surpass 1m sq ft this year as tech occupiers become increasingly active, according to Savills.
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Bruntwood secures Leeds office
Bruntwood has taken a new 150-year ground lease of City House, one of Leeds’ largest office buildings, from freeholder Network Rail.
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Guy’s and St Thomas’ Charity buys Westminster office building
Independent charitable foundation Guy’s and St Thomas’ Charity has agreed to acquire the head lease of Becket House, a 146,000 sq ft office building opposite St Thomas’ Hospital, for £112m from U+I and Proprium.
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Retailers upsize at WestQuay
Fashion retailer Next has become the latest tenant to increase its space at Hammerson’s WestQuay shopping centre in Southampton.
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SEGRO and Hermes complete industrial property swap
SEGRO and Hermes Property Unit Trust (HPUT) have completed a swap deal worth a total of £68.9m.
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Barke to leave Cushman & Wakefield
Cushman Wakefield partner Charlie Barke is to leave the business to join Knight Frank.
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Plans submitted for West End’s tallest tower
Great Western Developments and Sellar Property Group have submitted plans for the West End’s tallest tower, complete with a sky garden and restaurant.
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Savills buys Toronto firm for first Canadian office
Savills has opened its first office in Canada through the acquisition of Real Facilities, a Toronto-based commercial real estate firm.
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New stadium plans for Brentford kick off
Prime Place, the residential development arm of Willmott Dixon, and its development partner Brentford Football Club have secured detailed planning consent for a new 20,000 capacity football stadium, as well as 648 new homes, in Brentford.
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Inland Homes to develop £110m Southampton scheme
Inland Homes has signed an agreement with Southampton City Council to develop an 8.9-acre brownfield site called Chapel Riverside for a £110m scheme.
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Urbanest buys £24.8m Vauxhall car park
Student accommodation developer Urbanest has bought the 250 year leasehold interest in a car park on Miles Street, Vauxhall, from CLS Holdings for £24.8m.
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US property veterans invest in Pennsylvania portfolio
A new US-based commercial property investment firm, led by industry veterans Thomas Rizk, Roger Thomas and Howard Sipzner, has bought a major portfolio for around $245.3m (£163.6m).