Bridget O’Connell
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Bluewater stake puts LandSec on a clear path
Land Securities boss Rob Noel has called the addition of a 30% stake in Bluewater shopping centre in Kent a “silver bullet”.
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RBS boss defends Global Restructuring Group
RBS head Ross McEwan has said he has seen no evidence of malpractice in the bank’s Global Restructuring Group.
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Lone Star buys Pradera debt
Lone Star has taken control of £60m of debt provided to fund manager Pradera, which is currently up for sale.
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DevSec upbeat after Cathedral buy
Development Securities has reported on an “exciting” period during which it acquired Cathedral Group and won funding for two key projects.
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Highcross seeks capital accord
FINANCE: Highcross is considering options for the future of its business – including a potential sale.
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LSH narrows losses
Lambert Smith Hampton has narrowed its pretax loss to £5m on three quarters of revenue
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Kames in £150m indirects win
FINANCE: Kames Capital has won two indirect property mandates totalling more than £150m.
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Aviva makes £67m social housing loan to Sapphire
FINANCE: Aviva Commercial Finance has provided a 25-year, £67m loan to Sapphire Extra Care – its first loan to the social housing sector.
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LandSec confirms Ludgate letting
FINANCE: Land Securities has confirmed that law firm Ropes and Gray has prelet 45,210 sq ft at 1 New Ludgate , EC4, as its new headquarters.
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UPDATE: BL confident on Clarges
FINANCE: British Land finance director Lucinda Bell said the group is “very confident” about its high-end residential scheme Clarges Estate…
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Big Yellow occupancy improves
FINANCE: Big Yellow Group has reported an increase in like-for-like occupancy across its 3.4m sq ft self-storage portfolio of 54 stores to 73% from 69.8%…
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UK CPT in 4.6% NAV hike
FINANCE: Guernsey-based fund UK Commercial Property Trust has posted a 4.6% hike in NAV to 78.1p in the three months to 30 June…