Mike Cobb
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Patrizia ups UK assets to €1.2bn
German Investment company Patrizia added €900m (£661m) of UK assets to its portfolio in 2014
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Bellway sees profits rise 53%
Housebuilder Bellway has increased its profits by 53% to £158m in the six months to the end of January 2015.
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Wells Fargo tops US mortgage lenders for sixth year
FINANCE: Wells Fargo has topped the ranks of 127 US commercial mortgage lenders for the sixth year running, according to data from the Mortgage Banker’s Association.
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Etalon bucks Russian downturn
UK-listed Russian developer Etalon increased revenue by 29% and profit by 26% in 2014
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CALA sales price soars
Homebuilder CALA has reported increased stock volumes and an average selling price up 27%
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Victorios appoints JLL’s Hacking
Advisory firm Victorios has appointed Penny Hacking from JLL as a partner to assist in the launch of an acquisition and asset management platform
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Investors eye prosperous C&W
FINANCE: The first investors eyeing Cushman & Wakefield came to light this week as the property consultancy announced record figures for the year ended 31 December 2014.
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Finance news in brief – 21 March 2015
Blackstone-owned sheds giant Logicor is seeking £1bn to refinance its UK and French portfolios
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Deutsche Bank launches €175m Irish CMBS
FINANCE: Deutsche Bank is to launch the first commercial mortgage-backed securitisation backed by Irish properties since the fall of Lehman Brothers.
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€300m AEW Europe vehicle to load up on German retail
FINANCE: AEW Europe is seeking to build a €300m (£214m) portfolio of German retail assets on behalf of a US investor.
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Savills boosts IM platform
Investment management was the star performer for Savills last year, as the company reported a 52% uplift in profits
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Rocco Forte Hotels sends debt down the river
Rocco Forte Hotels has more than halved its group debt to £115m