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 | Chinese giant to develop £700m London towers
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A London site once owned by jailed property tycoon Achilleas Kallakis has been sold to a giant Chinese development and investment company.
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| Derwent to sell £132.5m Grosvenor Place stake
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Derwent London has today announced that it has entered into non-binding heads of terms with Peninsula Hotels to sell its 50% interest in 1-5 Grosvenor Place SW1 for £132.5m.
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| Hammersmith poised to achieve record rents
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Hammersmith is on the verge of achieving record rents of £47/sq ft, with Pernod Ricard under offer to take 40,000 sq ft at Development Securities’ Hammersmith Grove scheme in west London.
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| Westminster squares up to Boles in bid to block £800m Waterloo scheme
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Westminster City Council and English Heritage have applied for a judicial review of plans that “would cause substantial harm” to sight lines around the Palace of Westminster, which forms a World Heritage Site together with Westminster Abbey.
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| Latest Brent Cross regeneration images released
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New images and a consultation for a major regeneration scheme in London have been released.
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| Court rejects judicial review of London retail plans
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The Court of Appeal has rejected the latest application to judicially review a British Land and Tesco retail scheme in London.
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| New River proposes £67m share placing
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New River Retail has announced this morning that it intends to raise £67m through a share placing.
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| WELPUT hires agents to seek £200m Midtown partner
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The West End of London Property Unit Trust has instructed advisers to seek a joint venture partner to buy a majority stake in its New Court scheme in London’s Midtown, Property Week can reveal.
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| Benson and XLB exchange on Ealing Cross
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Benson Elliot and XLB Property have exchanged to buy a 135,000 sq ft office building in Ealing, west London, from Standard Life Investments for £37.7m.
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| Planning permission for Goodman megashed
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Goodman has secured detailed planning consent for a megashed of 569,500 sq ft at Andover Business Park in Hampshire, enabling it to increase the development options on the park.
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| Co-operative Group in London move
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The Co-operative Group has signed a lease for the whole of Beltane Asset Managemnent’s St Pauls House in the City of London, under plans to consolidate its London office under one roof.
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| £72m property mandates for DTZ parent company
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DTZ’s parent company, UGL, has been awarded new global property services mandates totalling £72m.
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| AstraZeneca in £330m Cambridge deal
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Cambridge Biomedical Campus has been selected as the site of AstraZeneca/MedImmune’s new global research and development centre and corporate headquarters, in a deal tipped by Property Week.
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| Segro makes £18m warehouse buy
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Segro has bought a distribution warehouse in Burton-Upon-Trent for £18.1m.
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| GM Real Estate wins One Poultry mandate
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The private owner of One Poultry has appointed GM Real Estate to advise on options for the City of London landmark.
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| Retailer Tessuti makes Liverpool debut
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Fashion retailer Ted Baker has announced that it will increase its trading space at Liverpool One, as Tessuti sets up its first shop in Liverpool.
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| AXA makes €10bn debt commitment
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AXA has today announced that it will increase its exposure to the infrastructure debt market with a commitment to invest around €10bn over the next five years.
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| Ronson secures £170m residential debt deal
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Ronson Capital Partners, the investment firm established by Gerald Ronson and Jonathan Goldstein, has confirmed it has secured £170m of development finance to fund its central London residential riverside development, Riverwalk in Westminster.
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| JLL and Better Buildings Partnership launch new sustainability index
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Jones Lang LaSalle and the Better Buildings Partnership have teamed up to provide a fresh set of data for comparing the environmental performance of commercial properties.
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| Schroders appoints CBRE to sell QVC headquarters in Chiswick
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CBRE has been appointed by Schroders to sell QVC’s headquarters at Chiswick Park for £69m.
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| Hope for landlords after fresh empty rates ruling
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Following a landmark decision by the high court, landlords have a new opportunity to avoid extensive business rates on empty commercial premises – through the use of Bluetooth messaging.
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| City Pride tower plans deferred
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Plans to create a 75-storey residential skyscraper at City Pride in Canary Wharf have been deferred by Tower Hamlets council.
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| Colliers appoints Vodafone's former head of UK property
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Colliers International has bolstered its European, Middle Eastern and African (EMEA) corporate solutions team, with a number of new appointments, including Rob Lewin as director.
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| LXB to sell £100m of Greenwich property
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LXB Retail Properties has agreed to sell more than £100m of properties in Greenwich, south-east London, largely to clients of Aberdeen Asset Management.
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| Minister refuses to give reasons for office-to-resi exemptions
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The planning minister has refused to reveal why some local authorities were not granted exemptions from controversial new planning rules.
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| CBRE signals “largest development surge in a generation”
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The sustained dearth of shopping centre development in Great Britain is finally over, according to CBRE.
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| Wilson Bowden wins approval for £90m Macclesfield regeneration
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Wilson Bowden Developments has secured approval from Cheshire East Council for its £90m Silk Street plans to revitalise Macclesfield town centre.
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| Intu submits £17m Eldon Square plans
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Intu has submitted a planning application for a £17m redevelopment of two of the malls within its Eldon Square shopping centre in Newcastle.
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| Mayfair Capital undertakes second closing for prime residential fund
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Mayfair Capital will undertake a second closing of its prime central London residential fund, with minimum investments of £500,000.
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| Portsmouth tall building unveiled
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Plans for an 18-storey tower in Portsmouth have been unveiled in one of the city’s key regeneration sites.
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| Video: The Elifar Foundation Challenge 2013
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In a field near Sudbury Hill, west London, 140 retail experts came together to take part in the Elifar Challenge, a sports and team building event to raise money for the Elifar Foundation.
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| Johnson Fellows wins West Mids contract
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Johnson Fellows has secured an extension to its contract to manage the West Midlands Portfolio on behalf of the Greater Manchester Pension Fund.
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| Valad offloads Worcester shed
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Valad Europe has sold a 200,000 sq ft distribution warehouse in Worcester to the occupier, Wolseley UK Limited.
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| Co-op Bank explores loan sales as focus shifts away from property
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The Co-operative Bank has confirmed that it is setting up a division to explore the possibility of selling loans as part of a deleveraging process designed to plug a £1.5bn black hole in its finances.
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| Lib Dem crackdown
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Deputy leader Simon Hughes guns for overseas resi investors in London ahead of 2015 election campaign
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| LandSecs prepares to sell flagship RBS offices
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Land Securities is preparing to sell Royal Bank of Scotland’s largest offices in London for £312m.
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| Europe’s logistic bonanza
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Healthcare of Ontario Pension Plan ties up with Verdion, following Brookfield and Norges into sector.
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| Isle of Dogs’ £750m resi trick
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Berkeley drafts in Foster & Partners as Telford Homes and Orca Finance prepare planning applications
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| Marcus Cooper plans £200m jewel in Regent’s Park Crown
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Developer takes leases from Crown Estate in bid to create one of UK’s most expensive residences.
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