Samantha McClary
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L&G spends £50m on retail units in Croydon
Legal & General Assurance Society has bought 103/108 Whitgift Mall and 60/70 North End in central Croydon for £50.5m, a 4.8% initial yield.
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CSC in race for Croydon’s Whitgift shopping centre
Capital Shopping Centres has emerged as a potential buyer of the 50% stake of Croydon’s Whitgift shopping centre. Managing director John Abel said the Liberty International subsidiary was “looking at…
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F&C predicts another good year for property
Property asset manager F&C is predicting another strong performance for the UK commercial property industry in 2005, with total returns of 9% a year predicted across the next five years.
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Section 106 agreement signed for Stratford City
The regeneration of Stratford, east London, has moved a step closer with the signing of a £120m Section 106 agreement for the £4bn Stratford City.
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Westfield buys three Australian shopping centres
Westfield has agreed to buy three of General Property Trust’s shopping centres in Australia for a total of Aus$842.4m (£350.4m). Managing director Steven Lowy said: “On completion, this transaction will…
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Somerfield buys petrol station stores from ChevronTexaco
Supermarket chain Somerfield is poised to buy 140 forecourt convenience stores from ChevronTexaco Corporation. A property developer venture partner will now be recruited to redevelop the mainly freehold portfolio of…
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Lloyd Webber to sell four West End theatres
Four of Andrew Lloyd Webber’s West End theatres are up for sale through Drivers Jonas. Offers in the region of £10m will be sought for the Lyric, Apollo, Garrick and…
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Bhs, Debenhams and Primark snap up Allders stores
Bhs, Debenhams and Primark have completed deals with administrator Kroll to buy a total of 24 Allders stores for undisclosed sums.
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Stockton riverfront regeneration plans gain consent
Urban Regeneration Company (URC) Tees Valley Regeneration has been granted planning consent for the £300m regeneration of Stockton’s riverbank. The North Shore scheme, designed by architect Benoy, forms a key…
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St Modwen posts increased NAV/profits
Property development and investment company St Modwen Properties has reported a 12th successive year of record results. The company recorded a 15% increase in pre-tax profit to £40.3m in the…
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British Land buys 23 Debenhams stores
British Land has bought 23 department stores from Debenhams for £495m. The deal for the 3.28m sq ft of freehold and long leasehold stores brings the value of British Land’s…
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Buyers eyed for three retail centres
Three shopping centres with a total price of £140m will come to market in the next few weeks. Fordgate is to remarket its 180,000 sq ft Paisley centre, first put…