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NewsUK signs up to COP28 initiative to decarbonise the built environment
The UK is among 27 countries to have signed up to a new global initiative to accelerate the decarbonisation of the built environment, as new reports show that national and UN net zero targets appear increasingly unachievable.
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NewsUK’s property taxes highest in the developed world, Altus study reveals
The UK has the joint highest rate of property taxes in the developed world, research from commercial real estate firm Altus Group has revealed.
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BlackRock raises €774m for Europe Property Fund VI to capitalise on repricing
BlackRock Private Markets has raised €774m (£662m) in initial commitments from global institutional investors at the first closing of the BlackRock Europe Property Fund VI (EFVI).
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NewsFrasers Group more than doubles property revenues after spending spree
Frasers Group, the company behind Sports Direct and House of Fraser, increased its profits to £310.2m in the six months to 29 October, from £287.2m the year before, boosted by revenue from the acquisition of shopping centres The Mall in Luton and the Overgate centre in Dundee, plus Coventry Arena.
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NewsEG Group agrees to sell over 200 KFC restaurants to Yum!
Forecourt and food service operator EG Group has agreed an undisclosed deal to sell all of its 218 KFC restaurants – half of which are drive-throughs – to Yum! brands’ KFC division.
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NewsCBRE promotes Chris Gow to head of debt and structured finance for Europe
Global real estate adviser CBRE has appointed Chris Gow as head of debt and structured finance, Europe, which marks an expansion on his current leadership responsibilities, effective from 1 January 2024.
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NewsGove ‘names and shames’ 10 more social landlords for poor practice
Housing secretary Michael Gove has written to 10 more social landlords warning them to take immediate action to address their poor performance over responding to tenant complaints, including damp and mould and pest control.
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OnlineTop city lawyer joins Landsec board
Landsec has appointed Moni Mannings as an independent non-executive director and senior independent director designate.
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OnlineVistry launches share buyback programme
Vistry Group has launched a share buyback programme to repurchase up to £55m of 50p shares.
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NewsLandsec unveils new retail operating model
Landsec has unveiled plans to transform its retail operating model, bringing in a number of operations in-house and “evolving” as a retail landlord, Property Week can reveal.