Samantha McClary
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Govt to establish taskforce to advise on assets sell-off
The Government will establish a specialist taskforce drawn from the public and private sectors to advise ministers on asset management, Chancellor Gordon Brown said today.
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Lyons to outline guidelines for £30bn public assets sell-off
Sir Michael Lyons will later today outline departmental guidelines for the disposal of £30bn of public assets by 2010. Chancellor of the Exchequer Gordon Brown made the announcement while delivering…
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Haywards Heath shopping centre sold for £23.7m
F&C Property Asset Management has bought the Orchards Shopping Centre in Haywards Heath for £23.7m on behalf of Friends Provident Life Assurance Limited.
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Sainsbury’s buys Midlands convenience store chain
Sainsbury’s has bought east Midlands convenience store operator JB Beaumont. Sainsbury’s would not comment on the price it paid for the six-strong portfolio, saying it had signed a confidentiality agreement…
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BAA Lynton sells Stansted and Heathrow hotels for £40.3m
BAA Lynton, the commercial property development arm of BAA, has exchanged contracts to sell two of its recently developed hotels at Stansted and Heathrow airports for a combined value of…
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Bidders line up for Paradise casino operation
London Clubs, Aspinalls and Grosvenor Casinos are bidding to operate a casino at the Duke of Westminster’s £700m Paradise Street development in Liverpool.
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Swinton Shopping Centre sold to jv for £30m
Miller Developments has formed a 50/50 jv with London Merchant Securities to buy the Swinton Shopping Centre in Manchester for £29.5m a 6.2% yield.
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Cambridge Leisure is put on the market for £34m
Turnstone Estates has put its 133,300 sq ft Cambridge Leisure scheme up for sale for £33.8m, a 6.6% yield. The leisure development is anchored by a nine-screen Cine UK cinema,…
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Thistle Hotels to refurbish ‘awful’ London building
Thistle Hotels is working up plans to give a facelift to one of the country’s most loathed buildings, its Thistle Tower hotel on St Katharine’s Way, E1.
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Gummer appointed director at Sovereign Reversions
The Rt Hon John Gummer MP has been appointed as a non-executive director of home reversions company Sovereign Reversions. . Chief executive Graeme Marshall said: “We see the home reversion…
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Tower views to improve as Thistle upgrades hotel
Atrium is part of a revamp of one of the UK’s “architecturally awful” sites. Thistle Hotels is working up plans to give a facelift to one of the country’s most…
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British Land confirms prelet of City offices to Willis Group
British Land (BL) has confirmed the prelet of 51 Lime Street, London EC3, to global insurance broker Willis Group. The 420,000 sq ft (39,018 sq m) development, which is expected…