Bridget O’Connell
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ADIA lined up for £620m Marriott deal
ADIA has been given “preferred bidder” status in the sale of a portfolio of 42 Marriott hotels.
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Assura progresses REIT plan
Primary care property investor and developer Assura says it is continuing to work towards converting to a REIT.
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CLS delivers 5.6% NAV jump
CLS has announced a 5.6% hike in its net asset value to 1037.7p a share in the six months to the end of June.
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DTZ costs hit UGL
Australian services group UGL has posted a 15.3% fall in net profit to A$134.5m (£90.4m).
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Gemini portfolio in administration
The heavily indebted Gemini secondary regional property portfolio, which includes Birmingham’s Martineau Place, has gone into administration…
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RBS cuts £5.5bn from property loan book
Royal Bank of Scotland has slashed £5.5bn from its total exposure to real estate in the first half of the year…
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US and Far East depress Savills’ pretax profits
Savills posted a 9% drop in pretax profit this week to £18.2m following a slowdown in US and Far East
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Two left vying for £625m Harrogate
Oaktree and Kennedy Wilson await loan book decision
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Quintain shaves £90m from debt pile in Q1
Quintain continues to rebuild its balance sheet after a solid quarter when it took in £90m
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Harrogate loan sale nears
The battle for Lloyds Banking Group’s £625m Project Harrogate non-performing loan portfolio has intensified, with just two bidders left in the running.
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Association of Property Bankers rebrand
The Association of Property Bankers has changed its name to the Association of Property Lenders.
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Savills profit down 9%
Savills has posted a 9% drop in pretax profit to £18.2m following a slowdown in US and Far East transactions in the first half