All Weekly news articles – Page 2
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NewsL&G acquires Cheltenham industrial estate for £20.5m
Legal General (L G) has completed the acquisition of Kingsditch Trade Park in Cheltenham for £20.5m from M G Real Estate in a deal reflecting a net initial yield of 5.3%.
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Backers plough £1m into tech start-up edozo
Proptech start-up edozo has raised £1m from a range of senior industry leaders as it looks to grow its offering.
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Homes England partners with eight housing associations for affordable homes drive
Homes England has formed strategic partnerships with eight housing associations to deliver more affordable homes across the country.
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Korean funds eye £1.2bn Goldman HQ
Two Korean funds are fighting it out to buy Goldman Sachs’ new London headquarters, Property Week can reveal.
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Grimsey Review 2 calls for council planning powers and action on business rates
Local authorities must be given more planning powers and the business rates system must be replaced to improve the health of UK high streets, according to a new report by retail veteran Bill Grimsey.
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Online
Olympia London owners unveil plans for £700m investment
Olympia London owners Deutsche Finance and Yoo Capital have announced plans for a £700m investment in the 130-year-old exhibitions and events venue.
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Online
Alison Nimmo to step down from CEO role at Crown Estate
The Crown Estate has announced chief executive Alison Nimmo CBE will step down from the role at the end of December 2019.
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Crown Estate posts total return of 11%
Benchmark-beating results are first since its Scottish assets were devolved
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Lone Star looks to let shopping centres go
US private equity firm is considering sale of remaining assets in Tiger portfolio
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Three portfolio deals highlight yield gap between industrial and retail
M7 Real Estate poised to buy retail portfolio yielding 7.15% as multi-let industrial yields come in below 5%.
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Online
IPO filing reveals details of Cushman & Wakefield's financial performance
Documents filed yesterday for Cushman Wakefield’s initial public offering (IPO) show that the company notched up total revenues of $6.9bn in 2017, which puts it shy of JLL’s $7.9bn for the same period.
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Online
Aviva sells 20 Soho Square for £117m
Aviva Investors has sold 20 Soho Square in London’s West End to a private European investor for a price believed to be £117m.
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Online
Singapore group buys AXA’s Ropemaker for £650m
AXA Investment Managers-Real Assets has sold Ropemaker Place, in the City of London, to a subsidiary of Singapore’s Ho Bee Land for £650m.
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Travis Perkins plans more mixed-use sites
Company reviewing scope for industrial-resi model across its London estate.
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Seven investors lodge first-round bids for Quintain
Seven investors have tabled offers in the first round of bidding for £3bn build-to-rent specialist Quintain, Property Week understands.
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Fruition unveils online investment platform
Fruition Properties has launched an online property investment platform that enables potential investors to fund property development.
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Developers work up new Silvertown plans
Lendlease and Starwood in talks with GLA over plans for the £3.5bn project.
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Online
Higher annual bonus boosts pay for British Land's Chris Grigg
British Land chief executive Chris Grigg’s total pay has risen from £1.9m to £2.2m driven by a sharp increase in his annual bonus.
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Property legend Martin Birrane dies aged 82
Martin Birrane, the Irish businessman and owner of Peer Group and the Mondello Park racetrack, has died at the age of 82.
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Online
Poundworld enters administration to put 355 stores at risk of closure
Discount retailer Poundworld has appointed Deloitte as administrators after talks with potential buyer R Capital collapsed.
