Bridget O’Connell
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Underwater Mapeley portfolio sinks
The dire state of the secondary property market was brought to the fore this week as Mapeley’s giant regional portfolio went into receivership
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IPD: values slide continues in June, pushing six-month decline to 2%
UK commercial property values declined by 2% during the first half of 2012 as the country fell back into mild recession.
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LandSec leans on development
Land Securities made good progress across its development pipeline in the first quarter
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SEGRO hit as largest tenant folds
EGRO’s share price dropped 7p this week after its largest tenant went into administration
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Grosvenor in £90m bond issue
Grosvenor has raised £90m through the international bond market to invest in the development of its central London estate.
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Mapeley portfolio in receivership
A portfolio of secondary office properties owned by Mapeley has been put into receivership.
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Cairn appointed on €4.46bn Grand refi
Cairn Capital has been appointed to advise on the proposed €4.46bn Grand refinancing – Europe’s largest securitisation.
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Landsec focuses on development income
Land Securities continues to focus on securing income from its development pipeline after completing £9.3m of development lettings in the first quarter
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Raven Russia scoops two in Moscow
Anton Bilton’s Raven Russia has completed two deals totalling more than $70m close to Moscow
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£80m refinancing for Great Victoria Partnership
Great Portland Estates has secured an £80m refinancing from Canada Life Investments for the Great Victoria Partnership.
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Institutions eye resi sector for £2.7bn drive
Institutional investors may inject up to £2.7bn into residential property in the next three years.
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Grand refinancing proposed
German residential company Deutsche Annington has proposed a refinancing of Europe’s largest securitisation – the €4.4bn Grand CMBS.