Samantha McClary
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Dartmoor hotel to be put on the market
The award-winning Gidleigh Park hotel in Dartmoor, Devon, is to be sold to Andrew Brownsword – the hotelier and founder of the Forever Friends greeting cards brand – for £5m.
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GE gains from Haslemere break-up
Selling shopping centres separately will net higher returns from retail portfolio says GE Capital. GE Capital’s Haslemere portfolio of shopping centres is set to be split between four separate investors…
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Marriott chain sells for £79m
Sale represents first syndicated deal for Chiltern. Property investment consultancy firm Chiltern Mondiale has bought the 11-strong chain of Marriott by Courtyard hotels from Whitbread for £79m.
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Morley forward funds Essex retail park
Morley Fund Management, on behalf of Norwich Property Trust, has forward funded Churchmanor Estates’ 72,500sq ft Brook Retail Park in Clacton, Essex, in a deal worth £16.68m.
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P&O puts Drake Circus back on the market
P&O’s 650,000 sq ft Drake Circus shopping centre development in Plymouth is back on the market after last month’s withdrawal of interest by Scottish Widows Investment Partnerships.
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James Smith reports rise in NAV as profits dip slightly
James Smith Estates (JSE) has reported a marginal increase in NAV and a dip in profits of 3.5%. . The small quoted investment and development company, which has a portfolio…
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GE Capital to break up Haslemere retail centre portfolio
GE Capital’s Haslemere portfolio of shopping centres is set to be split between four separate investors and sold for prices that could net the fund manager £20m profit.
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Slade resigns directorship at Grainger Trust
Sean Slade, executive director of residential investment company Grainger Trust, has resigned from the company. Slade had been executive director of Grainger since 2002 and was responsible for the company’s…
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Council green light for Eastbourne retail centre extension
Edinburgh House has won consent for a 44,000 sq ft extension to the 125,000 sq ft Langley Shopping Centre in Eastbourne, East Sussex.
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Barclays acquires Cabot Park site for £8.5m
Barclays Staff Pension Fund, managed by Arlington have acquired Rockingham Gate in Cabot Park, Avonmouth from Landmarq LLP for a consideration of £8.5m, reflecting a net initial yield of 6.73%.
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Rain on the parade
Self-preservation Mega-centres have been crushing small towns – now this week’s BCSC report suggests how they hit back. By Samantha McClary.
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Mall fund targets nine retail centres for portfolio expansion
Capital & Regional’s and Morley Fund Management’s The Mall fund has set its sights on increasing its portfolio to more than 30 shopping centres by 2006.