British Land agrees £401 million of West End offices sales 7:31 am
British Land Company plc (LON:BLND) has announced it has exchanged upon the sale of a 75% interest in a portfolio of three buildings in the West End to Allianz Real Estate, acting on behalf of several Allianz Group companies, for £401m. The transaction represents a blended net initial yield of 4.32%, a premium to September book value and is expected to complete in January.
This transaction demonstrates our commitment to recycle capital out of assets not aligned to our core focus on mixed use London campuses, providing greater flexibility to invest in developments, including Norton Folgate, which we committed to in November and Canada Water, where we have planning permission for our 53 acre masterplan.
European Markets Close Higher
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European markets closed higher on Wednesday amid rising optimism about a post-Brexit trade agreement.
News about France re-opening its borders with Britain, allowing travelers and truck drivers who test negative for Covid-19, contributed as well to the somewhat positive mood in the markets.
However, concerns about rising coronavirus cases in the continent and worries about economic growth in the wake of tighter restrictions limited markets gains.
The pan European Stoxx 600 climbed 1.08%. The U.K. s FTSE 100 gained 0.66%, Germany s DAX firmed up 1.26% and France s CAC 40 advanced 1.11%, while Switzerland s SMI edged up 0.08%.
Among other markets in Europe, Austria, Belgium, Czech Republic, Finland, Greece, Ireland, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden and Turkey ended with sharp to moderate gains.
The Story of the Effingham-Beresford Backlands
Posted by Hugh on July 16, 2020 at 15:29 in History of Harringay
The development of the Harringay Ladder was tightly controlled, both by the covenants imposed by the land vendor, the British Land Company and through the supervision of building quality by Hornsey & Tottenham Councils. Some of the builds were considered so poor that Hornsey Council had the builders tear down some houses and start again.
With the exception of churches, schools, council work depots and retail development along Green Lanes and at either end of Wightman Road, almost all of the initial development on the Ladder was residential in nature. There was however one exception to this: a non-residential zone created between the back-gardens of the houses at the eastern end of the the Effingham-Beresford block.
European Stocks Close Mostly Higher On Vaccine News, U.S. Stimulus Hopes
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks ended mostly higher on Tuesday as positive updates on the coronavirus vaccine front and rising optimism about a U.S. fiscal stimulus outweighed concerns about a surge in new coronavirus cases and tighter lockdown restrictions in several places.
Positive developments on the Brexit front also aided sentiment. Data showing a pick up in the pace of economic recovery in China contributed as well to the largely positive mood in European markets.
On the Brexit front, EU negotiator Michel Barnier and EC President Ursula von der Leyen made optimistic comments about reaching a post-Brexit trade deal with Britain.
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