Samantha McClary
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GVA Grimley takes over shopping centre management firm
GVA Grimley has taken over shopping centre management firm ACR Commercial Property. The 19-strong team at ACR will work alongside GVA Grimley’s retail services team.
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Westfield ups stake in Los Angeles shopping centre
Westfield has bought at further $69.2m stake in the Valencia Town Center shopping centre in Santa Clarita, California. The purchase brings Westfield’s total interest in the property to 50%.
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Hadid’s design is selected for Olympic aquatic centre
If London wins its bid for the 2012 Olympic Games, a swimming pool designed by architect Zaha Hadid will become its first venue.
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Bizspace doubles its money with disposal of The Works
Bizspace has exchanged contracts to sell its freehold interest in The Works, Camden Street, Birmingham. The property was sold to a private investor/developer for £4m.
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Plans submitted for £300m Rotherham leisure scheme
Oak Holdings and Rotherham council have submitted an outline planning application for the £300m YES! project, a leisure and entertainment scheme in South Yorkshire.
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Active management key to retail investment success
Retail property investors will have to focus on active asset management if they want to prosper this year, according to Jones Lang LaSalle.
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Grainger Trust agrees residential portfolio swap
Residential property investment company Grainger Trust has exchanged contracts to acquire a £16.1m residential portfolio, comprising 195 units, from a private client of Aston Rose.
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Allders department store chain goes into administration
Minerva has confirmed that 45-strong department store chain Allders has been placed in administration by its directors. Minerva owns 60% of Scarlett Retail, Allders’ parent.
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Quinlan to expand its Mayfair hotel
Quinlan Private, the property investment company that bought the Savoy Group of hotels for £750m last May, has announced plans to expand the Connaught hotel in Mayfair, W1.
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Sale of Leeds shopping centre close to collapse
The sale of the Headrow shopping centre in Leeds to Balmain Asset Management was close to collapse this week. The 275,750 sq ft scheme, owned by GE Commercial Finance Real…
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L&R books in with four more hotel freeholds
London & Regional has beaten Gerald Ronson to buy the freeholds of four Accor hotels. Ian and Richard Livingstone’s L&R paid just under £61m for the UK properties.
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Fashion makes retail park rents too hot for Currys
30-40 stores will be moved to bulky goods parks in cost-cutting drive. Dixons has warned that it will move more than 10% of its 300 Currys stores out of fashion-led…