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NewsHSBC to shut 114 branches next year
Global banking giant HSBC announced it will close 114 of its UK branches next year as the number of customers using them has fallen following the pandemic.
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900 home Islington regeneration scheme given green light
Newlon Housing Trust, the charitable housing association, and home developer Mount Anvil, have been given the go ahead for a 914 home regeneration scheme in Islington.
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Cluttons announce new hires to its CSAM business line
Cluttons, real estate and lettings agent, has announced new hires across its commercial and strategic asset management (CSAM) business line.
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Oxford Street set for 1m sq ft retail to office shift
Oxford Street is set to see 1m sq ft of former retail space converted to office space in the next five years, with West End experts the high street is on the brink of a “generational change”.
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Allegra Care and Moorfield Group add 183 beds to later living portfolio
A joint venture between care home operator Allegra Care and real estate fund manager Moorfield Group has acquired four nursing, dementia and care homes.
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SEGRO prices £350m bond
SEGRO has priced a £350m, 19-year, unsecured bond that the group told investors will be used for “general corporate purposes”.
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LendInvest reports leap in funds under management and profits
LendInvest increased funds under management by 20% year on year as profit leaped 45% in the six months to the end of September.
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Home REIT responds to Viceroy criticism
Home REIT has hit back at criticism from financial research group Viceroy Research, calling it “baseless and misleading”, after being forced to pull its full-year results launch on Tuesday (29 November).
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Joy on the high streets as Autumn Statement cuts tax burden
Retailers to benefit from sweeping business rates changes and business rate multiplier freeze in 2023-24.
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The £500bn portfolio plan
Selling off £1.5bn of publicly owned buildings by 2025 is just one small aspect of a much larger task involving a vast portfolio of assets, as government chief property officer Mark Chivers explains to Property Week.
