Bridget O’Connell
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Aareal acquires German residential fund
Aareal Bank subsidiary Aareal Asset Management (AAM) has acquired a residential portfolio for the Aareal German Residential Fund. The portfolio, which comprises around 1,400 units including 60 commercial units located…
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Schroders launches two European fund of funds
Schroders has launched two new funds of funds to give investors exposure to European real estate. The Schroder Real Estate Fund of Funds, which will be domiciled in Luxembourg, includes…
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Dome supercasino tycoon killed in helicopter crash
The head of Kerzner International, the South African gaming giant lined up to operate a super-casino leisure complex at the Millennium Dome, has died in a helicopter crash.
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Planet Organic announces expansion
Organic supermarket Planet Organic has announced plans to open four new stores. The retailer, who currently trades from three London sites in Nottinghill, Fulham and off Tottenham Court Road respectively,…
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LandSec submits plans for Clayton square refurbishment
Land Securities has unveiled detailed plans for a refurbishment of its Clayton Square shopping centre in Liverpool. The UK’s largest commercial quoted property company’s plans for the two-level centre, submitted…
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Eircom eyes €180m Dublin sale and leaseback
Eircom has gone to market seeking an €180m sale and leaseback of its nine-storey headquarters, currently under construction beside Heuston station in Dublin.
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Drivers Jonas leads team in BFI South Bank site search
Drivers Jonas is leading the search to find a new site for the National Film Theatre and the British Film Institute (BFI) on London’s South Bank.
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Gang linked to Harry Hyams burglary arrested
Police have arrested 14 people believed to be involved in a series of burglaries of stately homes including the manor of property tycoon Harry Hyams.
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Tesco refused permission to extend Welsh store
Retail giant Tesco has been refused permission to extend a recently opened supermarket in Wales. Denbighshire council’s planning committee voted by majority to reject a detailed planning application for the…
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GlanEuro fund makes maiden purchase in Leeds
GlanEuro UK Property Fund has made its maiden purchase with the acquisition of a Leeds office and retail building for £6m, a yield of around 6%.
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Grainger issues upbeat trading update after rejecting bid
Grainger Trust has followed yesterday’s rebuffal of an “unwelcome” takeover approach with an upbeat trading update. The quoted residential property owner, which is due to report its full year results…
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Plans submitted for £15m Luton Mall extension
Capital & Regional’s The Mall has submitted a planning application for a £15m scheme to extend The Mall Luton. The shopping centre owner and operator plans to remodel the St…