Sophia Furber
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Kingfisher UK sales up 4.9%
FINANCE: B&Q owner Kingfisher group saw sales fall by 3.6% in Q3 to £2.8bn owing to weak consumer spending in France and other international markets
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Investors shut out of social housing
IPD/IPF CONFERENCE: Institutional investors are eager to invest in UK social housing, but housing associations have “little or no demand” for their participation
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Property debt market recovery ‘scary’
IPD/IPF CONFERENCE: The speed at which lenders have returned to the UK real estate debt market following the global financial crisis is “scary”, says former Bank of England regulator
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Hammerson redeems €450m of bonds early
FINANCE: Hammerson has exercised an option for early repayment on €450m (£352.1m) of €750m of 4.875% bonds due in 2015.
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Standard Life plots REIT conversion
FINANCE: Standard Life Investments is proposing to convert its £238m Property Income Trust into a REIT.
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Orchard Street buys £10.7m industrial estate
Orchard Street Investment Management has bought the Rockingham Gate industrial park near Bristol for £10.7m.
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Irish recovery boosts Nama’s profit to €102m
Ireland’s National Asset Management Agency raked in a €102m (£80.7m) profit in the first half of this year as a result of the recovering Irish market.
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LaSalle bags Bristol digs for £33.5m
LaSalle Investment Management has bought Bristol’s King Square Studios from The Homes Partnership for £33.5m.
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South East office investment 37% above average
Investment in South East offices hit £619m in Q3, 37% above the five-year average, according to research from Knight Frank.
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Dolphin Capital Investors back in the black
FINANCE: Emerging market resort investor Dolphin Capital Investors made a €31.9m (£25.2m) profit in the first half of 2014, compared with a €103.3m loss for the same period last year.
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LCP extends £25m resi fund
FINANCE: Investors in London Central Portfolio’s 2008 vintage residential fund have voted in favour of a five-year extension.
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Nama turns €102m H1 profit
FINANCE: Nama made a €102m (£80.7m) profit in the first half of 2014, compared with €55m for the same period last year