Estates Gazette 1518 – 9 May 2015

Estates Gazette 1518 – 9 May 2015 The week 5 Editor’s comment 6 Briefing: Regions running on empty News 31 Deutsche takes Canary chance 32 Angel commands diving premium 32 Crosslane offers Edinburgh students a touch of luxury 32 Redevco in the fast lane for Brighton estate 32 Deals 33 Oxford’s new £510m Union marks next chapter 33 Dellal twists on BHS’s Marylebone HQ 33 Orion mall hat trick 33 Hatton hires tenant rep head 34 Croydon banks on big Metro prelet 34 Orchard harvests Old Jewry deal 34 Hedge fund raises the bar on Sloane Street 34 Top stories from EGi 35 Fubon sculpts £330m Madame Tussauds buy 35 Barratt strides onto Millionaires’ High Road 35 Edinburgh’s Victorian arches get a new lease of life 35 Fresh start for North West retail pair 36 Retail’s redevelopment drive Finance 39 St Pancras draws in £1bn 39 £800m refi reserved for Maybourne hotels 39 In brief 40 Ulysses refi to save PIMCO 200bps 40 Debt handover at Cold War icon 40 Nama to jettison €600m of discounted loans as it accelerates wind-down 40 Government PRS bonds gain AA from Moody’s 43 Richard Dakin: Competition could lead to investment mistakes Auctions 45 Allsop Ireland sale tops €50m 45 Savills jacks up bowls lots 45 £1.4m screen star leads Acuitus’s cast 45 In brief 46 Nicholas Redman: If you cannot bear being outbid, then auctions are not for you Comment/letters 48 David Smith: Economics, not politics is what makes a difference 49 David Sleath: Expand Heathrow to keep Britain in the top flight 50 Peter Bill: Serviced office operators police their tenants while Kennedy Wilson becomes Essex Pioneer 51 Alison Nimmo CBE: London begins a golden new age 51 Letters Question time: London 52 Capital stability in question In depth 56 The Returned Interview 58 Niccolò Barattieri Di San Pietro: High-end mighty EG London 64 Around the market 66 Profile: Aviva – a smarter investor 70 Politics: London’s mayor – who’s next? 74 Occupiers: Mass exodus? 78 EG London Forum: Expanding boundaries 81 The last word: Lip service Practice & law 82 Landlord and tenant: Moving up a gear 85 Guy Fetherstonhaugh QC: Residential v business protection 86 Landlord and tenant: Issues with long leases 88 Practice point: The Court of Appeal has done its best to untangle the rules that apply to rectification and indemnity under the Land Registration Act 2002 88 Practice point: Alternative sites as a material consideration 89 Development: Cleaning up contaminated land 90 Jacqui Joyce: Mediation is not just for litigants 91 Legal notes: Professional negligence – advice and understanding 92 Case summary: R (on the application of Hemming (t/a Simply Pleasure Ltd) and others) v Westminster City Council 93 Hastings Borough Council v Braear Developments Ltd EG life 96 Anthony Slumers: Imagine the imaginarium 98 CBRE: Dressed for success 100 Events 110 Diary   Estates Gazette 1517 – 2 May 2015 Estates Gazette 1516 – 25 April 2015  Estates Gazette 1515 – 18 April 2015  Estates Gazette 1514 – 11 April 2015 Estates 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