Money and calculator

Power REIT closes acquisition and establishes USD26m credit facility

Power REIT has closed an acquisition and entered into a USD26.2 million credit facility. »


Union Jack Pound

PITCH completes GBP20.5m of acquisitions

Mayfair Capital Investment Management’s flagship fund, the Property Income Trust for Charities (PITCH), has completed GBP20.5 million of acquisitions. »


Shopping bags

UK shopping centre development hits four-year high

UK shopping centre development hit a four-year high last year, but subdued activity is expected in 2014 and 2015 as the market continues to recover from the economic downturn, according to Cushman & Wakefield. »


We have moved

NASDAQ OMX expands London presence

The NASDAQ OMX Group has expanded its London business to new, larger premises. »


Edinburgh

M&G Real Estate signs up Hogarth Worldwide in Edinburgh

M&G Real Estate has agreed to let 8,633 square feet on a 10-year lease to global marketing agency Hogarth Worldwide at its Grade A office development at Waverleygate in Edinburgh. »


125 Old Broad Street

Demand for London luxury serviced offices remains strong

Landmark Plc, a provider of luxury serviced offices in London, has achieved a client retention rate of 92 per cent across its portfolio. »


British pounds

Maven raises GBP7m for BPRA qualifying hotel development in Glasgow

Maven Capital Partners, a private equity and alternative asset manager, has secured GBP7 million of funding for a hotel development using the benefits of Business Premises Renovation Allowance (BPRA). »


House and money

Double-digit growth in US and UK drives global real estate performance, says IPD

The IPD Global Annual Property Index recorded a total return of 8.3 per cent for 2013, driven by double-digit growth in the US and UK and reinforced by good performance in commodity-rich Australia, Canada and South Africa.  »


UK flag

Unlisted UK real estate fund returns stay strong at 2.9 per cent in Q1 2014

Unlisted real estate funds returned 2.9 per cent for the three months to March 2014, falling back somewhat compared to 4.1 per cent for the last quarter of 2013. »


Shopping bags

Carrefour teams up with international investors to launch CARMILA

Carrefour has partnered with a group of international investors to establish CARMILA, a company that will focus on revitalising shopping centres anchored to Carrefour hypermarkets in Europe. »


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