All Property Week articles in 02 October 2009
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ProfessionalI'm concerned about the Carbon Reduction Commitment.
What do I need to do? And are there fines if I don't?
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US office vacancies hit five-year high
US office vacancies rose to a five- year high in the third quarter, as job losses deepened and employers abandoned space in the recession, property research firm Reis Inc said.
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Starwood wins Corus loan battle
A group led by Starwood Capital and TPG beat out seven other bidders to buy the assets of failed lender Corus Bankshares as investors scramble to acquire commercial real estate loans at a fraction of their face value.
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South African down 0.3% in September
South African house prices fell an annual 0.3% in September, Absa, the country’s biggest mortgage lender, said.
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Hong Kong mortgage rates set for 2010 rise
Hong Kong’s mortgage rates, at their lowest in at least 19 years, may begin rising in the middle of next year, according to the head of the city’s second-biggest home-loan provider.
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MENA investors 'more resilient' says Emaar
Confidence is still lacklustre among investors in the MENA region but markets continue to outperform those in the West, Emaar International's CEO said on Tuesday.
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Some Abu Dhabi rents 40% higher than Dubai
A typical two bed apartment in Abu Dhabi now costs up to 40% more than the same type of unit in Dubai and workers in the UAE capital are increasingly looking to live outside the city, a new report by Jones Lang Lasalle said on Tuesday.
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HK developers target old buildings
Developers are aggressively hunting for old buildings to redevelop and that means more and more of the quaint old shops that give Hong Kong its unique architectural heritage are disappearing from the streetscape.
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Oz mortgages falls on interest fears
Australian housing finance fell in August for the second consecutive month as demand for mortgages crimped.
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Fed anxious over US commercial property debt
Banks in the US 'are slow' to take losses on their commercial real-estate loans being battered by slumping property values and rental payments, according to a Federal Reserve presentation to banking regulators last month.
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CVAs a 'disaster for property'
Company Voluntary Arrangements are an 'absolute disaster' for the property industry, bosses have warned.
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House prices rise but caution remains
House prices continued to rise last month, fuelled by cheap borrowing rates and a shortage of homes coming on to the market.
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Hercules refinancing plans approved
Hercules Unit Trust: The property fund, which is run by British Land and Schroders, has secured the approval of bondholders to restructure a £1bn mortgage-backed security. The concession will allow Hercules, which invests in shopping centres, to refinance its assets in stages until the loan matures in 2012.
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Grainger expects growth
Grainger the property group and residential landlord, based in Newcastle, forecast that its full-year sales would be up by about 22% on last year. The company added that trading profits would be below last year because of falls in house prices.
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Colliers raises cash to ease debt
Colliers CRE has raised £18.4m from shareholders to ease its debt burden and ensure the company’s survival, helping to secure 700 jobs. Panmure Gordon, the adviser, said that the equity would help the commercial property consultancy to withstand the challenging conditions. The group’s first-half pre-tax loss widened to £11.84m, from ...
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Banks face group action over mortgages
Barclays and Lloyds are facing a group legal action brought by hundreds of mortgage borrowers after the High Court granted an order allowing them to sue on a group, rather than an individual, basis.
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Tesco chief UK past the worst
The worst was over for the UK economy, Sir Terry Leahy said yesterday as the Tesco chief executive claimed that the retailer’s domestic sales were catching up with fastergrowing rivals.
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Government unveils final details of Carbon Reduction Commitment
The government has revealed the final rules for the emission trading scheme that will hit 5,000 UK businesses on 1 April 2010.
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EXPO 2009: Visitor numbers down reports Property Week editor Giles Barrie
Visitor numbers here are down from 25,000 to 20,000 – and the proportion of overseas attendees I reckon is also down significantly, too.
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European prime yields stabilising says CB Richard Ellis
Prime yields in real estate markets across Europe are showing signs of stabilisation, says CB Richard Ellis.
