04 August 2006

Property Week

View all stories from this issue.

  • £421m sale of Covent Garden market confirmed

    7 August 2006

    Capital & Counties confirmed this morning its purchase of the 7 acre (2.8 ha) area in Covent Garden.

  • 20-30-40-50

    3 August 2006

    Each week we meet a property character from a different age bracket. This week Adam Benzine meets Jo Cordrey, 26, an auctioneer at Jones Lang LaSalle

  • A failure to get their oar in

    04 August 2006

    We all know lawyers can be a cocky bunch, but they really should know their limits.

  • A new age for travellers

    04 August 2006

    A new government task group hopes to crack the stalemate over unauthorised traveller sites.

  • A rare freehold residential development site

    04 August 2006

    A rare freehold residential development site in Wimbledon, south-west London, is for sale with the added bonus of planning consent for three 5,000 sq ft (465 sq m) detached houses, designed by Richard Rogers Partnership. Agent Farleys is inviting best bids for the Home Park Road site by 11 August.

  • A shoe-in

    04 August 2006

    Things have obviously become quiet at Insight Investment’s City office during the summer months.

  • Against the grain

    04 August 2006

    Property is not just for rosy-cheeked chaps at Reading.

  • Arabian knights circle Battersea

    04 August 2006

    Power station developer in talks with MerchantBridge over cash injection

  • Auctions

    04 August 2006

    Charities clean up at Savills 21.7m residential auction Scottish investor captures Shetlands castle Dont bank on it Taking lots of chances

  • Audit Commission: councils are failing on section 106

    04 August 2006

    Report says authorities without detailed policies on planning obligations are losing out

  • Bank on more good times for auctions

    04 August 2006

    Our auctions coverage this week (private investor, p21, auctions special report, p61) is a good time to analyse the market’s first six months of 2006.

  • Banks to the future

    04 August 2006

    As some of Britain’s biggest banks posted record profits this week, Molly Dover reveals why they are also returning to the high street

  • Battle for Kensington head lease

    04 August 2006

    A landlord and its tenants who are locked in a bitter struggle over a £5m head lease in Kensington, London, are to take their fight to the Court of Appeal later this year.

  • Book reviews

    04 August 2006

    Summer reading, with Ian Wall

  • Bottle job

    04 August 2006

    City & Provincial aims to put the fizz back into a former Stockwell wine bottle store.

  • Brewer drinks up Bedford site after merger

    04 August 2006

    Newly formed brewer Wells & Young has acquired its first operational property.

  • Britain on the blocks

    04 August 2006

    What will the regions gain from the 2012 Olympic Games? Doug Morrison visited Ely with Lord Coe to find out

  • British Land HQ to become flats

    04 August 2006

    Anthony Lyons and Simon Conway’s Matterhorn Capital has bought British Land’s headquarters in Regent’s Park to convert into luxury homes in a project costing £85.5m.

  • British Land retail fund buys ¤100m Portuguese portfolio

    04 August 2006

    PREF purchases three retail parks at yield of 6%

  • Business rates liability

    04 August 2006

    Question: To reduce my overheads, I am considering moving out of part of my offices. But I have been told this will not reduce my business rates liability. Is this correct?

  • CareCapital AIMs to raise profile with market listing

    04 August 2006

    CareCapital, a healthcare real estate developer and owner, is to list on AIM this morning with a market capitalisation of £23m.

  • Case news

    04 August 2006

    Jonathan Ross reports on a tenant’s attempt to make its landlord carry out repairs, while Warren Gordon looks at a contamination case with serious repercussions for utility companies

  • Caught in the web

    04 August 2006

    Sir, John Williams (analysis + opinion, 05.05.06) was right to question the effectiveness of many websites and brochures.

  • Caviar House & Prunier

    04 August 2006

    Canary Wharf’s investment bankers will soon be able to pop out for a caviar lunch after upmarket seafood restaurant chain Caviar House & Prunier signed an agreement last week to open a 260 sq ft (24 sq m) concession at the London Docklands estate. Markham Vaughan Gillingham and Lunson Mitchenall advised Canary Wharf Group.

  • Charities clean up at Savills’ £21.7m residential auction

    04 August 2006

    Properties bequeathed in wills exceed guide prices

  • City view: Jenny Davey

    04 August 2006

    Congratulations to Permira and Barclays Capital and to HBOS with the Reuben brothers for providing first-rate entertainment with their astonishing £1.1bn bid battle for McCarthy & Stone, Britain’s biggest retirement home builder.

  • Clarification

    04 August 2006

    In our coverage of the 2006 Retail and Leisure Property Awards (21.07.06) the photo on p49, referred to as ‘the Shelley Sandzer team’ in the caption, was actually of the Harvey Spack Field team, which won Accessible Retail Agency Team of the Year.

  • Cushman & Wakefield staff own 31% of firm

    04 August 2006

    Cushman & Wakefield has raised $40m (£21.4m) in equity capital from its employees, increasing the internal ownership of the company to 31% following the first year of the firm’s initial stock investment programme.

  • David Bitton

    04 August 2006

    Fashion brand David Bitton, famous for Victoria Beckham’s 23 inch-waist jeans, has opened its first shop, at Shaftesbury’s Carnaby Street in London’s West End. David Bitton, which makes the tiny jeans (pictured, left), known in showbusiness circles as size double zero, has taken G-Room’s former store on a temporary three-month lease.

  • Denton Corker Marshall

    04 August 2006

    Denton Corker Marshall’s design for a new visitor and interpretation centre for Stonehenge, the UK’s most important prehistoric site, has got the go-ahead from Salisbury District Council.

  • Diary of... a rent review surveyor

    04 August 2006

    Roger Sewell, head of landlord and tenant at Montagu Evans, takes us through his week

  • Dont bank on it

    04 August 2006

    Are investors still right to yearn for banks?

  • Dubai’s Emaar takes over Hamptons

    04 August 2006

    Global giant buys UK resi agent for £82m in European expansion

  • Edward Holdings

    04 August 2006

  • Employers must act their age over post-65 redundancies

    04 August 2006

    Sir, Although David Workman’s column regarding anti-age discrimination laws (professional + legal, 14.07.06) was factually correct, in practice, many people may take a more pragmatic view.

  • Frogmore’s £73m Maidenhead park buy

    04 August 2006

    Thames Valley investment market thrives while lettings dwindle

  • GE Real Estate to take stake

    04 August 2006

    Hammerson to sell 20%-30% stake in £400m development

  • GMAC to sign 2006’s biggest Thames Valley office deal

    04 August 2006

    US company to take 91,800 sq ft at Bracknell’s Arlington Square

  • Going places

    04 August 2006

    This week's movers

  • Goldman combines two teams for Euro expansion...

    04 August 2006

    Investment bank appoints Irani and Richard to head lending and advisory divisions

  • Goldman Sachs launches property derivative tracker

    04 August 2006

    Goldman Sachs this week launched a property derivative product that will enable investors to receive the returns from the Investment Property Databank UK Annual Index without buying property.

  • Grainger trusts CEO in new Workspace role

    04 August 2006

    Dickinson sets precedent with acceptance of non-exec post

  • Great Portland Estates buys 18 and 19 Hanover Square

    4 August 2006

    Great Portland Estates has made a £57.6m swoop on Hammerson’s 18 & 19 Hanover Square

  • Guarantors on lease renewals

    04 August 2006

    Question: I have a tenant whose lease is up for renewal. Can I insist upon a guarantee to the renewal lease, even though there is not one at the moment?

  • Hammerson buys LxB Holdings

    2 August 2006

    Hammerson buys LxB Holdings for a total consideration of £199m

  • Hospital site sales set record prices

    04 August 2006

    Royal West Sussex NHS Trust has raised £20m from a series of site sales at St Richard’s Hospital, Chichester, which its agent, Atisreal, said has set record land prices in the area.

  • I’m not going south of Mayfair at this time of night

    04 August 2006

    Savills’ latest bonuses were obviously not quite high enough to keep Jeremy Helsby’s better half in the lifestyle to which she has become accustomed.

  • Interest rates rise by 0.25%

    3 August 2006

    The Bank of England has raised interest rates by 0.25% to 4.75%

  • Irish to spend £700m

    04 August 2006

    Three separate Irish investor groups have put nearly £700m of shopping centres under offer this week.

  • Jimmy Choo steps up Euro rollout

    04 August 2006

    Luxury footwear and accessories retailer Jimmy Choo is stepping up its European store expansion programme and has appointed Cushman & Wakefield to acquire stores in cities across the continent.

  • Landlords review High Court action with Powerhouse

    2 August 2006

    Landlords rethink High Court action with PowerHouse after the retailer suddenly went into administration

  • Lebanese market shuts down as Israeli offensive continues

    04 August 2006

    Activity grinds to a halt in Beirut, while Haifa suffers from Hezbollah rocket attacks

  • Legionnaire’s architect acquitted

    04 August 2006

    Gillian Beckingham, the council architect accused of causing an outbreak of Legionnaire’s disease in Barrow, has been acquitted of seven charges of manslaughter, but found guilty of one charge of breaching the Health and Safety at Work Act, at Preston Crown Court.

  • Lending conditions toughen as swap rates rise above yields

    04 August 2006

    The lowest average prime yield ever recorded in the 33-year history of the CB Richard Ellis index combined with a sharp increase in swap rates has made the property lending market very tough.

  • Lets put this deal to bed

    04 August 2006

    Sinclair Beecham, the surveyor and co-founder of Pret A Manger, plans to let the 205 rooms in his new London hotel, the Hoxton, from 10 am to 4 pm for £19 plus VAT under the title ‘the Private Office’.

  • Levanter continues German push

    04 August 2006

    Levanter Properties has added to its German property portfolio this week by completing the purchase of seven assets totalling €50m (£34.1m).

  • London & Capital unveils new funds’ debut acquisitions

    04 August 2006

    Private equity FIRM London & Capital has completed the debut acquisitions for two newly launched funds.

  • London boroughs south + south Thames riverside boroughs

    04 August 2006

    Quintain and charity to develop riverside scheme Oregas Wandsworth JV Tate The market in minutes Bottle job Stall or nothing

  • Mayfair Capital funds trounce IPD

    04 August 2006

    Mayfair Capital Partners’ two biggest limited partnerships have trounced the Investment Property Databank benchmark in the year to 31 March.

  • McAleer & Rushe to demolish Swiss Centre

    4 August 2006

    McAleer & Rushe got the go ahead last night to demolish Leicester Square’s Swiss Centre

  • Metronet starts London home search

    04 August 2006

    Metronet Rail is reviewing its London property portfolio with a view to taking up to 200,000 sq ft (18,580 sq m) of additional space.

  • Minerva bags Young’s London brewery site

    3 August 2006

    Minerva has bought a prime residential development site in London’s Wandsworth for £69m

  • Ministerial certificates

    04 August 2006

    Question: My business tenancy ends next year. My public sector landlord plans to regenerate a site that includes my unit and says it can override my security of tenure rights with a ‘ministerial certificate’. Is this true?

  • New Morley fund tightens Euro GRIP

    04 August 2006

    erman retail investment fund targets minimum 10% IRR

  • New Star shoots for Cheval’s ‘Scarface’

    04 August 2006

    Cheval sells portfolio to fund management group

  • Now and 10...

    04 August 2006

    Property’s family album was one of the most talked-about features of our 23 June 10-year anniversary issue. So, of the 12 industry stalwarts who gamely donated snaps of their 10-year-old selves, how many did you guess?

  • Oregas Wandsworth JV

    04 August 2006

    Serviced office operator Orega has formed a joint venture with developer Chartbrook Properties to run a 17,000 sq ft (1,579 sq m) business centre in the centre of Wandsworth.

  • Par-tee girl

    04 August 2006

    I’m happy to announce that in the macho world of property golf, a woman has scooped a top prize.

  • Pinder Fry investors in peril as bank calls in £50m loan

    04 August 2006

    200 investors set to lose equity in Clerkenwell site that was to have been occupied by Jarvis

  • Planning appeals

    04 August 2006

    Access all areas

  • Power failure

    04 August 2006

    Sir, Bravo Giles Barrie! At last some common sense on the Battersea Power Station site (leader, 28.07.06).

  • PowerHouse plug pulled

    04 August 2006

    Landlords embroiled in a high court action with PowerHouse were this week reviewing their options after the electrical retailer went into administration.

  • Property partners

    04 August 2006

    The expense of litigation is fuelling alternative forms of dispute resolution, writes Mark Shepherd

  • Property Recycling wins consent for Ikea

    3 August 2006

    AIM-listed Property Recycling has won planning for an Ikea distribution centre in Suffolk.

  • Quintain and charity to develop riverside scheme

    04 August 2006

    Morden College and developer to regenerate 40 acre Greenwich Peninsula site

  • Raven Russia signs second deal with Aldama

    3 August 2006

    Raven Russia reveals it has signed a second joint venture with Russian developer Aldama

  • Rockspring recruits European director

    04 August 2006

    Rockspring Property Investment Managers has recruited Carl Maes as European director.

  • Savills joins lobby for resi regulation

    04 August 2006

    Sebag-Montefiore to write to trade minister

  • Scottish investor captures Shetlands castle

    04 August 2006

    A Scottish investor has bought Muness Castle for £65,000 to regain the property for his native land from a client of south London auctioneer Andrews & Robertson.

  • SEEDA and English Partnerships

    04 August 2006

    As Skandia-sponsored Cowes Week kicked off this week, SEEDA and English Partnerships won outline planning consent to regenerate East Cowes town centre and waterfront.

  • Sheffield City Council says yes to Moorfoot development

    7 August 2006

    Sheffield City Council has given the go ahead for a Bond Bryan-designed City Gate S1 development

  • Shock treatment

    04 August 2006

    Sir, In reference to James Whitmore’s article, ‘Global shock would devastate property’ (news, 14.07.06), I would like to add that the Bank of England’s report also states that the probability of this ‘global shock’ occurring is very low, a view which has not changed since the beginning of the year.

  • SIG agrees to let Hornhouse Lane

    4 August 2006

    The insulation supplier has agreed to the largest Liverpool letting this year

  • Slough becomes fifth FTSE 100 property company

    04 August 2006

    Boots/Alliance UniChem merger opens door for Slough entry

  • Stall or nothing

    04 August 2006

    Morley Fund Management plans a mixed-use scheme around Bermondsey’s notorious antiques market.

  • Sutton Kersh Auctions makes bid for London

    04 August 2006

    Liverpool-based auction house extends operations with new blood

  • Taking lots of chances

    04 August 2006

    Goldcrest Homes’ chief executive relishes the risk of buying sites without planning permission at auction. Christine Eade reports

  • Tate

    04 August 2006

    Trustees of the Tate last week unveiled plans for a building on the south side of the Tate Modern gallery on London’s Bankside. The London Development Agency will invest £7m in the 247,572 sq ft (23,000 sq m) scheme, which is hoped to be completed in time for the Olympic Games in 2012. The architect is Herzog & de Meuron.

  • The draft Rented Homes Bill is right on the money

    04 August 2006

    Our private rented sector needs urgent rehabilitation

  • The market in minutes

    04 August 2006

    Anna Goldie and Nicholas Nicou give you the lowdown on all the sectors across the region

  • The not-so-super bowl

    04 August 2006

    Pity poor shed agent Paul Welton, who had to bowl to former New Zealand all-rounder Chris Cairns at the recent Lambert Smith Hampton and SPARKS Cricket 8s festival.

  • The price is wrong if the stakes are too high

    04 August 2006

    Balancing risk and reward is key to valuing in this market, says Duncan Preston

  • Why I’m backing Arrowcroft for Croydon’s facelift

    04 August 2006

    The politics of property, with Steven Norris

  • Wind in the sales

    04 August 2006

    The World Cup failed to deter house buyers


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