All Property Week articles in 05 June 2009
View all stories from this issue.
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APC Advice - Week 46: Month 23/24 supervisor and counsellor review (part 1)
Jon Lever tells you what you need to know about the presubmission for APC final assessment documents, and Ben Elder looks at the competency on legal and regulatory compliance
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OnlinePaul Whight’s Pradera AM appoints Nick Hewson
Paul Whight’s Pradera AM has appointed Nick Hewson as a non executive board member of the global out of town retail property investment company.
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OnlineCrown and Criterion agree peace deal at Piccadilly
Asif Aziz’s Criterion Capital is to set up a souvenir retailer - Cool Britannia - rather than leave Criterion’s Piccadilly unit empty following freeholder The Crown refusing permission for the letting of the 23,000 sq ft store to discount retailer TK Maxx.
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Laxey to sell Shaftesbury stake
Laxey is selling its large shareholding in Shaftesbury after deciding not to take up its rights in the central London property company’s recent rights issue.
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Speymill Macau shareholder wants to oust board
Speymill Macau is under attack from a little-known Czech-based activist investor that has begun investing in AIM-listed overseas property funds.
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CBRE opens in Finland
CB Richard Ellis has opened an office in Finland, the consultancy announced today.
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Redco Milne submit plans for first joint venture
Redco Milne has submitted a planning application for a £25m, 105,000 sq ft retail scheme in Forres, Moray, Scotland.
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OnlineLockhart steers fresh course with New River
David Lockhart, the veteran property entrepreneur who has proved to be one of the shrewdest readers of market cycles, is planning a return to the listed sector.
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First European 'Wave House' splashes into Zaragoza
Zaragoza’s Puerto Venecia - Europe’s largest shopping and leisure centre – has signed up surf operator Wave House International.
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Mould and Vaughan to raise fresh equity
Patrick Vaughan and Raymond Mould’s London & Stamford is planning to raise fresh equity after its first flurry of purchases since floating on AIM.
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Despite shares issues, Indian property still needs sales
India's real estate firms are seeking share sales to settle debt and meet working capital needs as valuations improve, but the funds won't be enough to salvage them if sales don't pick up, say industry watchers.
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Crescent files for Chapter 11
Crescent Resources, a 40-year-old real-estate developer owned by Duke Energy Corp. and Morgan Stanley's real-estate fund unit, said it was filing for Chapter 11 bankruptcy protection.
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Westfield offers to foot WTC retail bill
Shopping centre giant Westfield Group is offering to foot the $US1.3bn (A$1.6bn) bill to build a retail complex at the World Trade Centre site in a bid to break an impasse and seize a bigger role in the site's redevelopment.
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Guangzhou snaps up last resi site in centre
Guangzhou Investment, the property arm of the city government, yesterday acquired the last residential site in the core business district for 15,324 yuan (HK$17,382) per square metre, 358% higher than the previous site in the area sold for in 2005.
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Recovery hopes as China property prices falls slow
The mainland property market has shown more signs of recovery, as the decline in average prices in major cities narrowed further last month, while investment in real estate rose 6.8% in the first five months from a year earlier.
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Nakheel a 'litmus test' says Moody
The refinancing of Nakheel’s US$3.5bn (Dh12.85bn) Islamic bond will be the litmus test for how credit ratings agencies assess Dubai government-controlled companies, a senior Moody’s analyst said yesterday.
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Bondholders face losses as commercial mortgage principals fall due
Investors in bonds that packaged $62bn of debt for US offices, hotels and shopping malls are bracing for more loan defaults through 2010 as Bank of America Merrill Lynch says landlords’ monthly payments may jump 20 percent or more.
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US Foreclosures hit 300,000 for third month
US foreclosure filings surpassed 300,000 for the third straight month in May and may hit a record 1.8 million by the first half of the year, RealtyTrac Inc said.
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Laxey considers options for Shaftesbury stake
Laxey Partners is considering the future of its £130m shareholding in Shaftesbury after the company asked investors for more cash to fund acquisitions last month.
