Bridget O’Connell
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Develica buys German portfolio for €266.3m
Develica Deutschland, the AIM-listed property company, has purchased of a portfolio of three office buildings in Germany for €266.3m (£175.4m). The deal for the Blue Star portfolio reflects and initial…
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Fidelity expansion prompts raft of appointments
Fidelity International has announced a raft of appointments as part of its expansion into commercial property. The investment company has appointed Keith Sutton from GLL Real Estate Partners GmbH as…
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Banana Republic confirms Regent Street opening
Clothing retailer Gap is to open its first Banana Republic store in the UK next year. The American company has signed its first European premises for the upmarket fashion chain…
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Chard announces retirement from Westminster Council
Westminster Council director of planning and city development, Gordon Chard, has announced his retirement. Chard has worked at Westminster for nearly 19 years.
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Sellar responds to ‘inaccurate’ press speculation
Irvine Sellar has responded to rumours of a row between the partners behind London’s Shard of Glass project calling the reports “inaccurate”.
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City Lofts goes private and seeks funds for expansion
Urban mixed-use developer City Lofts is de-listing from AIM and seeking private equity to fund further expansion. The group, which listed on AIM in 2003, intends to cancel admission of…
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Black Raven pursues Portuguese expansion
Black Raven Properties is raising £600,000 to fund further expansion into Portugal. The company has issued 9,230,770 new ordinary shares of 0.1p each at a price of 6.5p a share.
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Mercury Group seeks share placing to avoid collapse
Troubled property services company Mercury Group is seeking shareholder approval for a share placing in a last ditch attempt to avoid suspending trading.
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Savills considers buyback as 19% stake goes on market
A 19.2% stake of Savills has this morning gone to the market with the firm confirming it may consider buying back some of its shares.
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UBS poaches AXA Real Estate boss Marcuse
UBS Global Asset Management has poached AXA Real Estate Investment Managers boss Paul Marcuse. Marcuse has been appointed head of Global Real Estate at the company, leaving his role as…
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LandSec confirms 95,000 sq ft Cardinal Place lettings
Land Securities has confirmed 95,000 sq ft of lettings at Cardinal Place, London SW1. Advertising company Inter Public Group (IPG) agreed the largest deal, signing up for 37,250 sq ft…
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Rank appoints new acquisitions manager
Gaming operator the Rank Group has appointed a new acquisitions manager. Andrew Buckley is joining the group, which operates the Mecca Bingo and Grosvenor Casino brands, after 10 years as…