All Property Week articles in 03 April 2009
View all stories from this issue.
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APC Advice - Week 37: Supervisor and counsellor review (part 4 – conclusion)
Jon Lever explains why it is essential that the 18-month meeting is concluded properly, and Ben Elder tackles the competency on supplier management
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Segro rights issue gets 95% takeup
Segro’s shareholders have accepted 95.27% of the shares issued in its £500.1m underwritten rights issue.
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Colliers suffers £11m pretax loss
Colliers CRE reported ‘the tentative signs of a partial thaw’ in the market as it revealed it had suffered a pretax loss of £11.1m last year and scrapped its dividend.
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JJB reveals details of CVA plans
JJB Sports, the sports retailer, has posted detailed plans of its proposed Company Voluntary Arrangement today.
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Miss Sixty part rescued by CVA
Sixty UK, the trading company for Miss Sixty and Energie clothing brands in the UK, has agreed with its creditors to complete a Company Voluntary Arrangement (CVA) to save part of the business.
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$1bn infrastructure fund for India
In an attempt to boost India's infrastructure, the State Bank of India and Australian financial powerhouse Macquarie Group have floated a $1 billion venture fund dedicated to this sector. The SBI-Macquarie combine has also roped in International Finance Corporation, a World Bank arm, into the fund as one of the ...
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US Treasury reconsiders toxic sale rules
The US Treasury Department, has said it may allow a broader group of private investors to purchase toxic securities.
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St Modwen completes purchase of BP sites
St Modwen has exchanged contracts on the purchase of a portfolio of former BP sites, situated across South Wales, Scotland, the Midlands and the south east of England.
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OnlineBarton Finch and Tesco submit Fulham High Street plans
Developer Barton Finch and Tesco have submitted plans for a mixed use scheme on Fulham High Street in London.
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US sets 'aggressive' action to fight mortgage fraud
The Justice Department, US Treasury and other agencies said they are taking more aggressive action to confront 'bottom feeders' of the mortgage industry who prey on borrowers facing foreclosure.
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Aussie bank passes on less than half of rate cut
The country's largest mortgage lender, the Commonwealth Bank, has ignored pressure to cut its home loan rates by the same as today's Reserve Bank cash rate reduction of 0.25% by dropping its standard variable product by just 0.1%.
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Area to rescue Junction fund as retail parks suffer
Area Property Partners, a US fund, is to recapitalise the UK’s largest retail park fund, the £734m Junction fund, to help prevent it breaching the terms of its banking agreements.
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Poor home demand pushes land value down by half
The value of residential development land fell by half last year as demand plummeted for new-build homes, underscoring losses made across large estates of land amassed by housebuilders during the property boom.
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Area to rescue Junction fund as retail parks suffer
Area Property Partners, a US private equity group, is to recapitalise the UK’s largest retail park fund, the £734m Junction fund, to help prevent it breaching the terms of its banking agreements.
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Tchenguiz's Globe pub group defaults on loan
Globe Pub Company, the struggling operator owned by Robert Tchenguiz, is facing an uncertain future after defaulting on a £257m asset-backed loan.
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Prince calls for Chelsea Barracks rethink
The Prince of Wales has once more waded controversially into the debate over modern architecture by telling the Qatari owners of the Chelsea Barracks residential development in west London to scrap plans for a Lord Rogers-designed scheme in favour of something more traditional.
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Npower buys Rock office
Npower, the utility, has bought 220,000 sq ft of surplus space left unoccupied by Northern Rock, the banking group, at the Rainton Bridge scheme in Sunderland for an undisclosed amount. The deal is thought to be the largest office transaction in northeastern England for a decade.
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Sir Stelios eyes property for easyOffice
He has made a fortune from aircraft, cars, cruises and hotels, but as the recession lays waste to businesses across the country, Sir Stelios HajiIoannou has his eyes set on expanding his easyGroup empire in two very different areas - property and pizza.
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Allsop commercial auction boost
An auction held last week by Allsop, which included several British Land properties, showed 'strong' demand, with the best sales figures for almost a year. The auction raised £67 million, up 29% from Allsop’s last sale.
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Bleak House for sale for £2m
Bleak House, where Dickens penned part of his novel David Copperfield is for sale for around £2m. Dickens worked in the study of the cliffside house built in 1801 in Broadstairs, Kent.
