Bridget OConnell
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AEW REIT’s NAV up 4.6%
NAV increase driven by inflation linked income stream and valuation gains.
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MORNING NEWS: Investment hard sells and retail bright spots
Round-up of today’s top property stories with quick links to the nationals.
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Rents set to rise 15% as buy-to-let crackdown forces landlords to sell
The Royal Institution of Chartered Surveyors said letting agents reported a drop in rental properties coming to market for the 21st consecutive month in July.
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Galliford pace quickens
The builder forward-sold 2,326 units for £366m, up from 2,229 units for £373m over the previous year.
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Day in the sun for Beaumont hotel
The Beaumont, which was opened in 2014 by Jeremy King and Chris Corbin, is being sold by Grosvenor property group.
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Closures hit rent income at British Land
UK property group hit by shop closures and rent reductions.
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More jobs at risk in struggling retail
Poundworld slashes 531 jobs as another 40 stores close as Asda sets out plan to close a warehouse.
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BL “on the right side” of retail polarisation despite falling occupancy
The listed developer’s retail occupancy now stands 96.4% following a number of CVAs and administrations.
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MORNING NEWS: Mixed-use development and Mayfair penthouses
Round-up of today’s top property stories with quick links to the nationals.
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Deltic ready to shine in the City
Deltic Group, created from the ashes of Luminar, has been poised to float for the past two years.
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Saudi purge wrecks £100m purchase of Mayfair penthouses
Deal to sell two penthouse flats in British Land’s Clarges Mayfair development collapses.
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Marks & Spencer has plans for further 300 job cuts to reel in costs
Documents seen by the Guardian show retailer has consulted on redundancies.