Julia Cahill
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Dawnay Day/Shore Capital buy Paramount Hotels Group
Investment firms Shore Capital and Dawnay Day have bought the Paramount Hotels Group for £215m via investment vehicle Dawnay Shore Hotels.
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Arlington signs Rob Wilkinson as corporate development director
Rob Wilkinson, a former director of Eurohypo AG’s real estate group, has joined Arlington Securities as director of corporate development. Wilkinson was previously a director of investment banking at UBS.
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City eyes further levy to enlist staff
The Corporation of London wants to use a levy on planning gain to pay for another member of staff to negotiate section 106 agreements.
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TDR Capital cooks up pizza sale-and-leasebacks worth £30m
TDR Capital, the private equity firm behind the takeovers of Pizza Express and Ask Central, has crystallised value in its restaurant portfolio through sale-and-leasebacks worth £30m.
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Mitchells & Butler calls time on five pubs in £7.25m sale
Mitchells & Butler has sold five freehold pubs in Surrey, Middlesex and Essex to a private developer client of Chesterton for £7.25m.
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Lothbury closes in on Sainsbury’s London Colney park
The Lothbury Property Trust is closing in on a 70,000 sq ft retail scheme in the South East. The £350m property trust is bidding for Sainsbury’s London Colney retail park…
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Pettifer’s Stoneleigh Deer Park makeover moves closer
Pettifer Estate’s redevelopment of the historic Stoneleigh Deer Park, Warwickshire, is close to securing detailed planning consent – more than three years after it first submitted plans for the site.
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UK retail rent growth stalled over last year, says JLL
Retail rents across the UK have remained virtually static for the past 12 months. Jones Lang LaSalle’s latest bi-annual survey of prime retail rents found only a 1.1% growth in…
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Tesco sues solicitor over Liverpool land plans
Tesco is suing its solicitor Berwin Leighton over failed plans to build a superstore near Liverpool. The supermarket is claiming more than £850,000 from the firm, now renamed Berwin Leighton…
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LandSec teams up with US hospital for regeneration plans
Land Securities is turning its hand to hospital development as part of a large mixed-use scheme in London. Britain’s biggest quoted property company has formed a new joint venture with…
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LandSec books into health clinic
Quoted developer forms jv with private US hospital to unlock site opportunities in the capital. Land Securities is turning its hand to hospital development as part of a large mixed-use…
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US investment giant makes second UK purchase
A&A Europe Holdings, part of US-based A&A Investment, has made its second UK purchase, buying Bentima House on Old Street, EC1, from Asda Property.