Karl Tomusk
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AEW UK REIT reports fall in value
AEW UK REIT has reported a 4.5% drop in net asset value in its fourth quarter
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Deka buys One St Peter’s Square
Deka Immobilien has bought One St Peter’s Square in Manchester for £164m.
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Bovis profits up 19%
Bovis Homes has reported a 19% rise in gross profits to £100.3m in the first half of 2016.
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London residential rental growth falls
Annual residential rental growth in London has fallen for the first time in six years
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City offices lead post-Brexit value decline
UK commercial property values fell by 3.3% in the first full month after the Brexit vote
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Professional fees boost Savills’ first-half revenue and profit
Savills’ growth in revenue and profit in the first half of the year came from a push to expand the professional services side of the business
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Derwent ‘may delay’ W2 scheme
Derwent may delay development of the Brunel Building in Paddington, W2, if the market “pushes back”
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European investment slows
European investment activity in commercial real estate was down by 12% in the first half of 2016, according to research by Cushman & Wakefield
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New appointments at Fortwell
Fortwell Capital has appointed Arthur Jennings as head of development finance
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Urbanest refinances student digs portfolio
Student housing developer Urbanest has refinanced its portfolio with M&G Investment and Aviva Investors for £350m.
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Savills launches £255m Italian retail fund
Savills Investment Management has launched a €300m (£255m) Italian retail fund
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Industry expects boost from record low rate
The property sector is expected to receive a minor boost as a result of the Bank of England cutting interest rates to a record low of 0.25%.