Samantha McClary
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DTZ says profits will exceed expectations
DTZ has announced that it expects profits for the full-year to exceed market expectations. . In a trading statement today, the international property advisory group said performance had continued to…
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Bin Talal buys Lonrho Hotels group for £17m
Prince Alwaleed bin Talal, owner of London’s Savoy hotel, has bought the Lonrho Hotels chain in Kenya for £17m. The group includes the 100-year old Norfolk hotel in Nairobi, which…
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Weak retail sector threatens shopping centre pipeline
The collapse of several well-known retailers and weakening high street sales means developers are rethinking their plans for shopping centre development across the country.
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Dhillion sells Buckinghamshire hotel for £2m
Dhillion Hotels has sold its freehold interest in the 22-bedroom Abbey Lodge Hotel in High Wycombe, Buckinghamshire, to private hotelier Jeremy Dobson for £2m.
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Newport retail park sold for sub-5% yield
Newbridge Construction has sold its 213,500 sq ft 28 East retail park in Newport to AXA Sun Life for £45m, a 4.68% yield.
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End of stamp duty exemption kills off Paisley centre sale
Fordgate has cancelled the sale of its Paisley shopping centre because of the abolition of stamp duty exempt areas. The 180,000 sq ft (16,700 sq m) centre was being marketed…
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T Clarke reports upturn in commerical property work
T Clarke, the engineering and contracting company which is currently preferred bidder for London’s 2m sq ft White City shopping development, has reported a strong upturn in business in its…
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Jersey to set up body to manage state owned properties
Jersey government’s Policy and Resources department is hoping to set up a new single body to manage all of its £1.6bn state-owned properties on the island.
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Italian retailer pays £1.3m pa for Bond Street store
Strategic Real Estate Advisors has let the 10,000 sq ft ground floor of its Time and Life Building to Italian cashmere retailer Loro Piana a £1.3m pa.
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DevSec signs Japanese restaurant at PaddingtonCentral
Development Securities (DevSec), Morley Fund Management and Insight’s have signed up another restaurant for their 1.6m sq ft PaddingtonCentral development. Yakitoria, a Moscow-based Japanese restaurant chain, has chosen the site…
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A dozen bidders line up for £1.35bn Abbey portfolio
More than a dozen investors are lining up bids for Abbey National’s £1.35bn Scottish Mutual and Scottish Provident property portfolio. Bank of Scotland, Lehman Brothers, Nomura, Henderson, Protego, Royal Bank…
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Cinema operator Vue takes over Ster Century
Cinema developer and operator Vue Entertainment has bought the Ster Century UK & Ireland group for an undisclosed sum. The integration will take Vue’s portfolio to 49 multiplex cinemas with…