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OnlineStock market summary: 1 June
West End landlords Shaftesbury and Capital and Counties (Capco) were the highest-rising property stocks today, as investors digested the news that Capco agreed to buy a stake in the rival property giant.
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Cole Waterhouse gets greenlight for Newcastle-Under-Lyme distribution hub
Cole Waterhouse has been granted outline planning permission for a 298,000 sq ft distribution hub in Newcastle-Under-Lyme.
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Property industry stalwarts call for green coronavirus recovery
Some of the UK’s biggest property companies have urged the government to invest in low-carbon infrastructure and real estate during the UK’s recovery from the coronavirus.
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Pi Labs appoints Andrew Saull to lead on proptech research
Proptech firm Pi Labs has appointed Andrew Saull as research associate.
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Auction House London unveils 85-lot catalogue for June auction
Auction House London has released an 85-lot catalogue for its next sale, which will take place via livestream on 16 July.
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Green & Partners announce senior hire and promotion
Green Partners has hired Tom Plaine as a partner working in the company’s lease advisory team.
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Puma Property Finance provides £23m GDV development loan for Hampton by Hilton hotel
Puma Property Finance has completed a £23m GDV development facility for a hotel in Buckinghamshire.
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Pret A Manger and Leon call in advisors
Pret A Manger has hired restructuring advisors Alvarez Marsal and CWM to help renegotiate rents, according to The Sunday Times.
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Ted Baker launches £95m rescue raise
Fashion retailer Ted Baker has announced a £95m fundraising drive to help it return to growth after it reported a plummet in profit.
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Hammerson prepares to re-open English shopping centres in mid-June
Shopping centre giant Hammerson will re-open its destinations in England from 15 June, after the Government revealed a relaxation in lockdown rules.
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