All Property Week articles in 08 May 2009
View all stories from this issue.
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APC Advice - Week 42: Month 21 final assessment - presentation and preparation (part 1)
Jon Lever focus on the start of preparation for the final assessment, and Ben Elder looks at the competency on housing aid or advice
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Indian exchange buys Mumbai office
In one of the biggest real estate deals since an economic downturn hit the nation, the National Stock Exchange, with its affiliates, is acquiring 56,000 square feet of office space at the 36-acre Kohinoor City project not far from NSE’s headquarters in the Bandra Kurla Complex at Mumbai’s Kurla area, ...
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Bad property loans threaten regional US banks
The slumping market for commercial real estate threatens to drag down regional banks as they struggle to collect on loans made against shopping centres and office buildings.
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Oz REITs in selling spree
GPT Group and Goodman Group have sold European properties worth a collective A$332m as they both move to drive down debt and focus on their core Australian businesses.
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HK serviced rooms rent falls 28%
Rents of mid-priced serviced apartments of one or two rooms in core business areas have dropped by 28% from the middle of last year to March because of the effects of the global financial crisis.
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Dubai recovery 'could be late 2011'
A recovery in the Dubai real estate market might not happen until late 2011 as a result of subdued investor sentiment, according to a new report by EFG Hermes.
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Dubai Property Court receives over 500 cases
A total of 520 real estate-related cases have been registered with Dubai’s Property Court this year, according to a top official.
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UAE firms eye Pakistan housing schemes
UAE property developers are considering investing in the construction of 6 million low-cost homes in Pakistan as part of a government-backed plan to ease the housing shortage in the country.
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Worried investors in Ajman lobby regulator
A group of 30 worried property buyers who say they have paid many thousands of dirhams to developers for projects that are either months behind schedule or not even started are pressing the Ajman Real Estate Regulatory Agency to take action to protect their investments.
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General Growth wins $400m loan
General Growth Properties, which filed the biggest real-estate bankruptcy in US history, won court approval of a $400m loan from a group led by Farallon Capital Management and the right to use cash on hand to fund its operations.
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Ex-Minister claimed 16,000 non-existent mortgage
A former Labour minister was dragged into the Westminster expenses furore last night after it emerged that he had claimed more than £16,000 for a mortgage that did not exist.
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Louis Vuitton opens at Westfield London
Designer Louis Vuitton has opened its long awaited store at Westfield London, the 1.6m sq ft shopping centre in west London.
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Barratt spies hint of recovery
Enthusiasm among homebuyers has started to drive sales in some of the most difficult sites in Barratt’s portfolio in recent weeks, said Mark Clare, chief executive of the housebuilder.
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Shares slip as LandSec sees no rebound
Land Securities has warned that hopes for a recovery in the real estate sector appear premature after it revealed a record £4.7bn fall in the value of its estate.
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OnlineHouse price decline ‘slowing markedly’ says Chesterton Humberts
UK house prices are at their lowest level since July 2004 but the average price of a residential property in England and Wales fell by only £1,575 in April, significantly less than the six month average fall of £2,649.
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Taxpayers to pick up tab for Olympic village
Ministers handed over another sizeable chunk of contingency reserves to London 2012 organisers and put the entire £1.1bn Olympic village into public ownership after rejecting a proposed £375m debt-plus-equity contribution from a private developer.
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Abbey to relax criteria for msome mortgages
Abbey, the country’s second-largest mortgage lender, will relax the lending criteria on its most popular home loans tomorrow, providing a significant boost to the mortgage market.
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Galliford Try excepts to meet forecasts
Galliford Try the construction group expects full-year results to meet market expectations, with strength at its construction business and a limited recovery in house building helping to maintain a steady order book of £1.7bn.
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Bournemouth town centre gets half a million for regeneration
The South West Regional Development Agency (RDA) has invested £550,000 to help launch a regeneration vehicle for Bournemouth town centre.
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Scottish Property Awards 2009 winners announced - see photos
More than 500 property professionals gathered at the EICC last night to celebrate the best of the Scottish property industry during the last 12 challenging months.
