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Peel Group and Barratt Homes have formed a partnership to bring forward residential schemes worth 200m across the north-west and Yorkshire. MCD Developments has secured funding to enable it to develop the first phase line of the 120m Edgbaston Square mixed use development in Birmingham. Hermes Real Estate Investment Management has become the latest buyer of a slice of the increasingly popular investment destination of Whitechapel, after purchasing Cityside House and Challenger House in the London district. Land Securities has agreed to forward sell its Park House development on Londons Oxford Street to a Qatari property company for 250m. ITV is considering a residential redevelopment of London Television Centre on the south bank of the Thames.
Barnet Council has launched a search for free a development parter for its Brent Cross line Cricklewood South site. Mike Powell has joined Legal General Property (LGP) from Barratt Homes to support the acceleration of the firms build to rent pipeline. Sarah Townsend reports Failed Leeds residential scheme to be rebranded and replaced with offices. Irish developer Treasury Holdings is suing Irelands National Asset Management Agency for damages following the appointment of receivers to the companies that own Battersea Power Station and the surrounding land.
Aviva Investors and Capital Continental have begun construction of an eight-storey office building in the St-Ouen district of Paris. Kier Property will forward-fund the 41m development of a membership warehouse for Costco at the former Western International Market site in Hayes, Middlesex. Hotel operator Travelodge has this week exchanged contacts with developer LPC Living to construct its first hotel in Hackney. Laing ORourke appoints development manager to stop-start Luton scheme. The Homes and Communities Agency has set out its delivery priorities for the next four years, including the completion of more than 9,500 new market sale homes during the current financial year. Work on Birminghams long-awaited Paradise Circus scheme will begin in January, the joint venture behind the project has announced today.
New technology now applies to real estate investment.
The opportunity fund management division of Schroders is selling a huge development site next to Canary Wharf for 100m.
Metric Property Investments has bought a retail park in Ireland and and is planning a major scheme in Cornwall for separate joint ventures. The Co-operative Group and Hermes Real Estate have completed their deal to enter into a joint venture to develop the 800m noma scheme in Manchester, as tipped by Property Week (12.9.13). A njoint venture including Wrenbridge Land is to redevelop the Buttermarket in Hereford, m reported today. Mgpa has completed a 190m refinancing of Le Madeleine, an office and retail scheme in Pariss central business district. Sarah Stewart reports Standard Lifes Auld Reekie students Period building converted into offices rather than demolished.
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Seven London councils are taking the government to court over civil servants decision chat not to grant them an exemption from new office to residential conversion rules. Quintains London Designer Outlet in Wembley opened to shoppers today. Cardiff-based developer Lovell has been selected by Tirion Group as development partner on one of Waless largest urban regeneration schemes.