All Weekly news articles
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Online
Singapore’s Ascendas Reit makes £207m UK logistics debut
Singapore’s Ascendas Reit has entered the UK logistics market with a £207m purchase of a portfolio of 12 assets from Oxenwood Real Estate and Catalina Holdings.
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SPH to buy £180m student digs portfolio for UK debut buy
Singaporean firm set to acquire 3,500-bed Mayflower portfolio from Unite.
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Record Channel Islands sale for Dandara
Dandara is closing in on the largest ever commercial property transaction in the Channel Islands.
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Online
Reuben Brothers buys Kensington block
Reuben Brothers has continued its spending spree in London with the purchase of Glen House, in South Kensington.
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Online
Earls Court loses another £52m in value during first half of 2018
Capital Counties (Capco) has revealed another £52m loss in value at its controversial Earl Court development in west London, bringing total writedowns at the scheme to more than £450m since 2016.
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Cushman & Wakefield sets IPO pricing
Cushman Wakefield has set the price range for its IPO at $16 to $18 per share, according to a prospectus filed with the US Securities and Exchange Commission on Monday.
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Online
Hammerson to exit retail parks in £1.1bn sell-off as it attempts to woo investors
Hammerson is to exit the retail park property business and cut the size of its board as part of a new strategy for the UK retail landlord.
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News
West End sublet office market shrinks in first half of 2018
The amount of office space sublet or available to sublease from corporate occupiers has decreased in the West End in the first half of 2018 despite buoyant growth expectations, new data has revealed.
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'Political bun fight' fears hit Network Rail's £1.5bn portfolio sale
Protest group puts paid to Goldman Sachs and Wellcome Trust bid for Network Rail portfolios
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Online
Pan-African property investor set for London float
Pan-African property investment trust Grit Real Estate Income Group is seeking at least $120m (£90m) in the run-up to a listing on London Stock Exchange later this month.
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Online
Retail CVAs hit British Land
The challenging retail market has taken its toll on British Land, which has reported a fall in occupancy level across its shopping portfolio this morning.
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Retailers announced for Icon outlet centre at the O2
AEG and Crosstree Real Estate Partners have announced a raft of retailers that have taken space at the Icon Outlet at the O2 in London, ahead of its opening in October.
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Online
Nomura acquires majority interest in Lothbury
Nomura Real Estate Holdings has acquired a 75% stake in UK-based Lothbury Investment Management Group (LIM) as part of a planned European expansion for the £9.2bn Japanese investment manager.
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Queensgate secures £280m hotel loan facility
Firm refinances Holiday Inn Kensington Forum before potential redevelopment.
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Gatehouse Bank puts in call for bids on BT's Leeds headquarters
Gatehouse Bank has appointed Savills to market BT’s Leeds headquarters for £48.9m.
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Online
Government reveals five-year estate strategy
The government has committed to reducing the number of government-owned office buildings from 800 to under 200, saving £3.6bn over the next 20 years, and has outlined plans to free up land for housing in its 2018 estate strategy.
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Wolverhampton deal marks Inspired co-living debut
Micro-living specialist Inspired Asset Management has struck its debut co-living market deal with the purchase of Telecom House in Wolverhampton.
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Online
Pontegadea to buy Blackstone’s Adelphi for around £600m
Zara’s founder Amancio Ortega is poised to buy the Adelphi building from the Blackstone Group for close to £600m, through his investment vehicle Pontegadea.
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Online
Arlington signs two tenants in Hammersmith and announces plans
Arlington has secured two new tenants for its Waterfront building at the Hammersmith Embankment scheme for a combined 40,000 sq ft.
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L&Q: Letwin has ‘kicked door open for different thinking’
CEO David Montague says industry must take new approach if 300,000-homes-a-year target is to be met.