All articles by Sebastian McCarthy – Page 7
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Online
Colliers warns one in three retail units are now ‘zombie shops’
As many as one in three UK retails premises are now ‘zombie shops’ that are either vacant, not producing income, or occupied only on a short-term basis, according to analysis from Colliers.
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Online
Oxford-Cambridge Arc attracts record investment
The Oxford-Cambridge Arc landed a record £2.4bn of inward investment during 2020 amid a boom in demand for life sciences real estate.
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News
Remote working hailed as a top real estate issue
Survey finds mass shift to working from home is top factor affecting CRE sector.
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News
Industry poised for deals bounce-back
Almost two thirds of the real estate sector expect investment volumes to return to pre-pandemic levels or exceed them by the end of 2021, according to the latest Property Week quarterly sentiment survey.
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Online
Report highlights slow pace of change on sustainability
Over 87% of international firms said that less than half of their current corporate real estate portfolio would qualify as ‘green’ or ‘sustainable’, according to a new report from Knight Frank.
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Online
Prologis acquires £70m industrial unit in Park Royal
Prologis has acquired a 150,000 sq ft unit in Park Royal, London, in an off-market purchase and leaseback for approximately £70m.
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Online
The cities that may migrate faster to hybrid working
New York, Paris, London, Berlin and Frankfurt are expected to be among the fastest-transitioning cities to hybrid working.
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Insight
CO-RE duo explain why they are betting big on a London office recovery
The duo behind developer CO-RE tell Property Week why they are betting big on a London office recovery with two major projects in the capital.
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Online
Aegon Asset Management to close funds
Aegon Asset Management is set to wind down its property income fund and property income feeder funds following a flood of redemption requests and a struggle to raise liquidity.
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Online
Germans take swig of AB InBev’s midtown office for £118m
Evans Randall Investors has sold Bureau, its office building in the heart of London’s Midtown, for £118m to the real estate arm of German asset manager Deka Group, Deka Immobilien.
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Online
Brickflow teams up with MASS Reports
UK development finance search engine Brickflow has partnered with site feasibility specialist MASS Reports in a bid to address planning and funding issues.
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Online
Takeover bid puts brakes on NCP restructuring
Car park operator NCP has temporarily suspended its restructuring plan as it prepares to respond to an 11th-hour takeover attempt from private equity investors.
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Online
Life sciences firm takes 100,000 sq ft in Birmingham
The Binding Site, a UK provider of specialist antibody tests and instrumentation, has agreed a 15-year lease with SevenCapital to take 97,932 sq ft of its Broadway building at Five Ways, Birmingham.
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Online
JR Capital and Chancerygate’s industrial fund buys first South West assets
JR Capital and Chancerygate’s £100m multi-let industrial property investment fund has acquired 64,682 sq ft of industrial space near Exeter for an undisclosed sum - the fund’s first deal in the South West.
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Online
Housing association Local Space secures £61m private placement
Local Space, the housing association that specialises in the provision of accommodation for key workers and those facing homelessness in east London, has secured a £61m private placement agreement with MetLife Investment Management.
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Online
HSBC snaps up Manchester flex space
HSBC UK has leased 10,300 sq ft of flexible space in the Hana by Industrious at the Landmark office development in Manchester.
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Online
Brookfield inks Arlington deal for £714m
One of Brookfield Asset Management’s private real estate funds has acquired the Arlington UK science, innovation, and technology real estate business from TPG Real Estate Partners (TREP) for £714m.
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Online
West End trade body calls for action on ‘overlooked’ areas
A trade body representing hundreds of businesses and landlords in London’s West End has called for urgent action to revive “overlooked” areas of the district such as Charing Cross Road and St Martin’s Lane.
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Online
Publication of RICS investigation pushed back to July
The publication of an independent review into the Royal Institution of Chartered Surveyors (RICS) has been pushed back by a month.
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News
Q&A: Riverstone boss on later-living outlook
Jason Leek assesses the challenges and the opportunities for the growing sector