Estates Gazette 1521 – 30 May 2015

Estates Gazette 1521 – 30 May 2015 The week 5 Editor’s comment 6 Briefing: Shopping spree News 25 Canary Wharf banks resi push 26 Stars align for £300m Gemini sale 26 Finzels reaches a milestone 26 CHIL warms up Holborn Viaduct opportunity 26 Deals 27 New River splashes for Morrisons’ offcuts 27 Cain Hoy puts Hammerson man on The Stage 27 Value-add demand prompts £110m City offer 27 Cheesegrater cuts three new deals 28 Carlyle primes £140m Brum sale 28 King’s Cross resi on the block 28 Right to buy tops agenda in Queen’s Speech 28 Top stories from EGi 29 CEG tops pack for £500m Leeds site 29 IPUT eyes 71% stake in Dublin’s Riverside 1 29 ‘Desirable’ UK lures Eastdil Secured boss 29 The Clearings to clear £900m 30 Council heals ‘scar’ with Bristol buy 30 REview: Are the Tories going to deliver? 30 Bart takes space in former Nomura HQ 30 Global round-up 32 Analysis: Investors need shrewd heads in final Irish flurry Finance 35 Ulster nears end of NPL sales 35 Deutsche Bank prepares all-Iberian CMBS 35 In brief 36 MidCity co-owners on the hunt for £220m 36 Center Parcs in £490m bonds issue 36 Fortress and Mount Kellett build $75m strategic alliance 36 Blackstone eyes £161m Times Square refi deal 39 Richard Croft: Timing an investment is crucial Auctions 40 Pub pulls £4m round for Allsop 40 Box-office hit for Acuitus 40 Strettons ups success rate in May sale 40 In brief 41 John Barnett: Auction date was no mistake Comment 42 Tony Travers: Developers will make up the deficit 43 Sir Howard Bernstein: Our cities are engines of growth 44 Deirdre Hipwell: Medicinal mergers can be a bitter pill In depth 46 Madison International Realty: Taking the stage 50 Property Cycles: Brompton’s blazing saddles Focus: Wales 54 Around the market 56 Development: Out with the old? 62 Investment: Money pouring in 64 Politics: Striking out in new directions 69 Knight Frank takes the top spot in Cardiff Industrial Click here to view your free digital edition version of EG’s Industrial supplement Practice & law 70 Dilapidation: Scotland embraces diminution in value in in dilapidation disputes 73 Solar panels: Guidance needed to avoid costly disputes 74 Service charges: When is a cost ‘incurred’? 76 Practice point: Car parking charges designed to deter shoppers from overstaying were enforceable nonetheless 76 Practice point: Representations to the judge post circulation of a draft judgment may amount to an abuse of process 77 Adverse possession: ‘Reasonable belief’ in adverse possession 78 TMT: Clusters, cores and collaboration 79 Legal notes: Land registration – forging ahead 80 Case summary: Wood and another v Waddington 81 Case summary: Cadlock (as trustee in bankruptcy of Dunn) v Dunn and anr EG life 204 Workplaces: Meeting in progress 206 Events 207 Creativity rewarded on PMA shortlist 208 EG Awards 2015: Something to write home about 209 The sky’s the limit for EG winner 218 Property pets: Every dog has its day     Estates Gazette 1520 – 23 May 2015  Estates 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