Property Week - All the latest news

26/05/2018 10:11 PM
Revo calls on MPs to act on retail CVAs
Revo, the retail property organisation, has called on Parliament to investigate the recent use of company voluntary arrangements (CVAs) that has hit a number of the UK’s leading landlords as retailers seek to close stores and reduce rental payments.

25/05/2018 07:02 AM
KFIM and Korean investors acquire Dublin's €100m future Facebook HQ
Knight Frank Investment Management have teamed up with a Korean investment manager to acquire The Beckett Building in Dublin for in excess of €100m (£87.6m).

25/05/2018 04:40 AM
DWS acquires €148m Dublin retail park
Green REIT has exchanged on the sale of Westend Retail Park in Dublin to a DWS real estate fund for €147.7m (£129.3m).

24/05/2018 10:25 PM
Intu announces next round of tech trials
Shopping centre owner and operator Intu has announced the seven new start-ups that will trial their technologies in its malls, under its Accelerate programme.

24/05/2018 10:24 PM
Homebase sold to restructuring firm as owners admit investment failings
The Australian owner of Homebase has agreed to sell the DIY business to restructuring specialist Hilco Capital for £1.

24/05/2018 10:21 PM
WeWork takes long lease on PNB’s Aviation House
WeWork has signed a 20-year lease to take all 130,000 sq ft of office space over a 20-year lease in Aviation House, Holborn.

24/05/2018 09:07 PM
Cineworld confirmed as anchor for Muse’s £100m Warrington regen
The newly-appointed leasing agents for Warrington’s Time Square’s £100m leisure-led mixed-use development, Metis Real Estate, have confirmed Cineworld as the anchor tenant for Warrington & Co and Muse Development’s scheme.

24/05/2018 06:30 PM
CapCo shares up on demerger announcement
CapCo rose 2.16% on the FTSE 250 on Thursday to 302.10p, after the company announced plans for a potential demerger that would split its two core holdings at Covent Garden and Earls Court into two separately listed businesses.

24/05/2018 12:01 PM
Cadogan hits record £6.2bn as it seeks to benefit from ‘retail polarisation’
Cadogan Estates chief executive Hugh Seaborn says the “polarisation” of the retail market has helped the value of the private London property group increase 1.8% to reach a record £6.2bn.

24/05/2018 12:01 PM
Great Portland Estates set to offload £455m of assets
Chief executive says the London developer is considering selling long-dated assets over the next two years

24/05/2018 12:00 PM
Muji eyes House of Fraser space
Japanese retailer in talks for space at Oxford Street flagship as troubled House of Fraser considers sublets.

24/05/2018 12:00 PM
Sanofi letting a shot in the arm for Thames Valley Park
Pharma giant will consolidate from offices in Guildford and Maidenhead into 71,000 sq ft Four10 building.

24/05/2018 12:00 PM
British Land boss attacks CVA ‘loophole’ for retailers
Head of UK’s second-largest property company says ‘loophole in the law’ puts landlords at a disadvantage.

24/05/2018 12:00 PM
Reditum Capital to finance Uxbridge scheme
Reditum Capital has provided a £14.3m mezzanine loan to help finance the redevelopment of the landmark Xerox campus in Uxbridge into a residential scheme that will offer Help to Buy flats.

24/05/2018 12:00 PM
ASOS signs for 190,000 sq ft in Doncaster
Online retail giant ASOS has signed a lease to occupy a 190,000 sq ft distribution centre near Doncaster.

24/05/2018 04:08 AM
Derelict castle on Isle of Man sells at £2.8m discount from 2007
A castle on the Isle of Man has been sold at auction for the second time in just over six months for just under a quarter of the price its owners paid.

24/05/2018 02:24 AM
Angle gets go-ahead for £80m St Albans regen
Developer Angle Property has secured planning consent for a proposed residential and retail-led £80m regeneration of St Albans city centre.

24/05/2018 12:37 AM
Deutsche Bank set to contract UK operations
Deutsche Bank has announced plans cut more than 7,000 jobs globally, with its UK offices and investment banking business in London likely to be heavily affected in terms of space requirements.

24/05/2018 12:19 AM
Green light for regeneration of Bridgwater town centre
Sedgemoor District Council has been given the go-ahead for its huge town centre regeneration leisure scheme in Bridgwater, Somerset.

24/05/2018 12:17 AM
IFM Investors enters social housing to back A2Dominion with £60m private debt financing
Housing association A2Dominion has secured £60m debt financing from IFM Investors, a global provider of investment services to institutional investors.

23/05/2018 11:19 PM
London Square COO leaves company
Developer London Square has announced that its chief operating officer Brian Betsy is leaving the company.

23/05/2018 11:00 PM
Fora secures Soho 'pro-working' space with 33 Broadwick acquisition
Shared workspace provider Fora has acquired the former home of Hearst Magazines, 33 Broadwick Street in Soho.

23/05/2018 10:26 PM
Mitsubishi signs for first UK retail store
Mitsubishi Motors will open its first-ever retail store in the UK at intu Lakeside.

23/05/2018 10:18 PM
Westfield shareholders approve Unibail takeover
The shareholders of Westfield Corporation have approved the acquisition of the company by Unibail-Rodamco, clearing the final hurdle for the £18.5bn takeover deal.

23/05/2018 08:26 PM
Helical posts EPRA NAV loss after 'transformational' year
Helical has posted a 1.1% fall in EPRA NAV as part of annual results to 31 March during a “transformational” year in which it completed the reduction of the number assets in its portfolio from 84 to 12.

23/05/2018 08:19 PM
NewRiver completes £107m Hawthorn acquisition alongside strong annual results
NewRiver REIT has completed the acquisition of pub landlord Hawthorn Leisure for a final value of £106.8m and posted strong annual results including a 26% rise in IFRS profit after tax.

23/05/2018 08:00 PM
Capco proposes demerger and appoints new chairman
Capital & Counties Properties (Capco) has announced plans for a potential demerger that would split its two core holdings at Covent Garden and Earls Court into two separately listed businesses.

23/05/2018 07:27 PM
Tritax eyes European logistics IPO
Tritax has announced plans to launch a new UK investment trust focused on investing in the continental European logistics market through an IPO on the London Stock Exchange.

23/05/2018 05:12 PM
Aviva Investors Springs into action with Manchester deal
Impax understood to be selling 40 Spring Gardens for £55m as Aviva ramps up its presence in the city.

23/05/2018 04:58 PM
AEW to sell its £146m South East portfolio
AEW UK Investment has hoisted a £146m for-sale sign over its entire South East Office Fund, Property Week can reveal.