All International articles – Page 4
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Insight
What do property owners need to know about new Register of Overseas Entities?
On 1 August 2022, the Register of Overseas Entities took effect under the Economic Crime (Transparency and Enforcement) Act 2022. It aims to tackle money laundering, which is a particular risk affecting the property sector, and so has implications for property owners.
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News
Industry welcomes crackdown on dirty money in UK property
New register launched ‘at breakneck speed’ should ‘help to lift the veil of secrecy’ over true owners of land.
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News
Clarion Partners Europe adds 93,000 sq m to Île-de-France footprint
Real estate investor Clarion Partners Europe has forward purchased a grade A warehouse in Boisseaux, Ile de France, on behalf of one of its funds.
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News
Blank Street to launch US coffee brand in UK
New York-based coffee shop chain Blank Street has appointed Harper Dennis Hobbs (HDH), a subsidiary of Newmark Group, to look for 25 locations for its UK launch, starting in London.
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News
Prologis under investigation for $26bn Duke Realty merger
Prologis is under investigation for a “possible breach of fiduciary duties” in its $26bn (£21.2bn) merger with warehouse developer Duke Realty, according to a note published by US law firm Lifshitz Law, which is carrying out the investigation.
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Online
Invesco launches €1bn European debt fund
Invesco Real Estate launches its first European debt fund with initial €1bn fundraise target.
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Insight
Sixth Avenue leads New York’s revival
Manhattan’s Q1 2022 office vacancy rate stood at a record 22%. Yet, newly released data show that one major commercial corridor, under-sung Midtown Sixth Avenue, weathered the pandemic with a vacancy rate of between 12.6% (according to CBRE) and 14.6% (as per Cushman & Wakefield). How did this happen?
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News
Fokus acquires Heimdal Nordic to push its property offer
Danish fund manager Fokus Asset Management has bought debt asset manager and adviser Heimdal Nordic, also based in Denmark, to boost its real estate proposition.
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News
Nido partners with Nuveen on Copenhagen PBSA scheme
Nido has partnered with Nuveen Real Estate to open and operate its first purpose-built student housing accommodation (PBSA) scheme in Copenhagen, Property Week can reveal.
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News
Kennedy Wilson and NAMA let Dublin’s Ten Hanover Quay to Fiserv
Kennedy Wilson and 40% joint-venture partner National Asset Management Agency (NAMA) have let Ten Hanover Quay in Dublin to fintech company Fiserv.
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News
Cushman & Wakefield confirms exit from Russia
Cushman & Wakefield is to exit from all service delivery in Russia after reaching an agreement to transfer its business in the country to a local operator.
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News
TLC takes space at 3 World Trade Center
TLC Marketing has taken space on the 50th floor of 3 World Trade Center in New York City.
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News
Chinese investors follow the herd out of London property
But experts say they are not overly concerned Chinese investment in UK commercial property has tailed off.
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News
Mipim: ‘Over 20,000 registered delegates as of last week’
Mipim’s organisers have said “over 20,000 registered delegates” have signed up as the annual property event returns to its usual spring slot for the first time since 2019.
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Online
Cushman & Wakefield promotes James Chapman to head of EMEA capital markets
Cushman & Wakefield has promoted James Chapman to lead its EMEA capital markets team.
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News
JLL ‘to separate its domestic operations in Russia’ following industry pressure
JLL has bowed to industry pressure and said it will “separate its domestic operations in Russia” after five of its rival agencies all confirmed this week that they were cutting ties with their Russian partners.
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Insight
Letter from New York
New York City’s fitful pandemic recovery has reached a critical inflection point.
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News
Warsaw office market is ‘serious’, says Ghelamco
Firm says market should not be underestimated after selling HUB scheme to Google.
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Insight
The French Reconnection
Property Week takes a tour of a Redevco mixed-use scheme in Lille that has breathed new life into a closed department store and could offer a blueprint for similar UK assets.