News
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Lateral and HIG gets green light for Cavell Street labs
Lateral and HIG have secured planning permission from Tower Hamlets Council for the redevelopment of 100-136 Cavell Street, E1. The developer acquired the site in March 2022 in an off-market…
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British Land and AustralianSuper sign first restaurants at Canada Water masterplan
British Land and AustralianSuper have secured the first two restaurant tenants for their 53-acre Canada Water joint venture. Sushi Revolution has agreed terms to take 1,850 sq ft on a…
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Angelo Gordon and Endurance Land sell 1-5 London Wall for £72.5m
Investment manager TPG Angelo Gordon and asset manager Endurance Land have sold their long leasehold asset on 1-5 London Wall, EC2. The partners have agreed to sell the asset to Malaysian construction group IJM for around £72.5m and will…
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Lai Wing brings trophy Standbrook to the market for £140m
Hong Kong investor Lai Wing has listed Standbrook House, a prime trophy asset located at 2-5 Old Bond Street, W1, for sale. The landlord is reportedly seeking offers exceeding £140m,…
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Care REIT growth ‘constrained’ by interest rates
Care REIT’s expansion is being held back by high interest rates and discounts to net asset value, meaning it cannot raise more capital to grow the business, it said in…
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Patrizia preps £600m UK student living and SFH strategies
Patrizia is looking to invest £600m into the UK single-family housing market and purpose-built student accommodation from its TransEuropean Living fund. Estates Gazette revealed the German investment manager’s plans to build a…
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Howard signs duo of occupiers at Cambridge Unity Campus
Property investor and developer Howard Group has signed two tenants for its science and technology hub in South Cambridge. Advent Bioservices has committed to a five-year lease with an option…
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Kimmre appoints senior surveyor to industrial investment team
Investment agency Kimmre has appointed Charlie Nelmes to its industrial investment team as senior surveyor. Nelmes joins from CBRE, where he spent nearly four years, the majority of which were…
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GLA launches £2bn City Hall investment fund
MIPIM: Mayor of London Sadiq Khan and the Greater London Authority have launched a £2bn development fund. The City Hall Developer Investment Fund will allow the government to invest in…
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Tritax Big Box lines up development options at three parks
Tritax Big Box Developments is eyeing expansion at three of its logistics parks, totalling 2.6m sq ft. At Tritax Park Oxford, the logistics developer has submitted plans to build 1.8m…
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Savills grows profit as transactional markets recover
Savills said it has managed to navigate a challenging market environment to deliver double-digit earnings growth in 2024. The consultancy’s revenue increased to £2.4bn year-on-year from £2.2bn, pushing pretax profit…
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Empiric keeps focus on ‘deployment and delivery’
Empiric Student Property said its plan for growth was fruitful in 2024. The PBSA owner and operator reported a 4.6% increase in revenue in 2024 to £84.2m. It attributed the…