All Property Week articles in 09 April 2009
View all stories from this issue.
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New shopping centres across Europe delayed and cancelled
More than 75m sq ft of planned shopping centre development in Europe has been put on hold or cancelled as a result of the credit crunch, says Cushman & Wakefield.
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Germany ponders 'Bad Bank'
The German government will decide next week whether to set up a 'bad bank' to absorb banks' illiquid assets to help restart lending activity, a Finance Ministry spokeswoman said.
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US REITs 'ripe for consolidation''
The economic crisis has created a survival-of-the-fittest environment for US real-estate investment trusts.
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HKR targets 1b yuan from Shanghai scheme
Riding on improved market sentiment, Hong Kong-listed developer HKR International plans to sell its first Shanghai project and reap sales revenue of more than 1 billion yuan (HK$1.13 billion).
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Grade A office prices in HK Admiralty jump
The average prices of grade A office deals done in Admiralty ended the quarter up 20% from their lows in January, said Desmond Poon Chi-ming, an associate director of Chartersince Realty (International).
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Hydra acts to ease investor worries
Hydra Properties, a developer based in Abu Dhabi, says it is issuing new contracts, easing payment plans and doubling its customer service staff after complaints from buyers about construction delays and unfair price rises on their purchases.
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Fannie chief tipped to head Tarp
Herb Allison, chief executive of Fannie Mae, the US government-controlled mortgage group, is leading the shortlist to run the Obama administration’s $700bn bail-out fund.
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Central and east Europe heading for recession says DTZ
Real GDP growth slowed noticeably in all countries in the Central and East Europe (CEE) last year and it is now the most vulnerable emerging market region, according to DTZ.
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Hope as housing market steadies
The housing market is showing signs of stabilising, albeit at very low levels, with average sales up slightly in March and a smaller majority of estate agents still reporting falling prices, according to a leading survey.
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JJB landlord deal could be model for others
Company Voluntary Arrangements could become one of the UK’s most popular corporate lifelines if JJB Sports secures a ground-breaking agreement with its landlords.
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House builder recovery set for Summer test
Barratt, the house builder, shares have risen from 85p on March 30 to 155p at yesterday’s close. The rally has capped a remarkable rebound for the house building sector from the lows it hit at the start of the year.
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Peak land buying comes home to roost
An important problem for house builders is the orgy of land buying that many engaged in close to the peak of the market.
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Carter Jonas and Dreweatt Neate merge
Carter Jonas and Dreweatt Neate, two of the UK’s oldest property firms are to merge from 1 May. The new property consultancy will be called Carter Jonas and have a combined turnover of £30m, 75 partners and more than 400 staff working from 31 offices.
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Planning boosts for 'ghost towns'
Empty shops in town centres should be converted into galleries or advice centres under government plans to tackle 'ghost town Britain'.
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Rok wins two contracts
ROK, the building and maintenance company, has won two new four-year contracts worth a total of £86m. Rok will build homes in London and the South East under its contract with Moat Housing Association and provide property repair and maintenance services to NE Procurement, the North East social housing group. ...
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OnlineMORNING AFTER: Young Norwood Property Reception 'Buy or Hell?'
Over 200 budding property stars attended the third Young Norwood Property Reception, entitled ‘Buy or Hell?’, last month.
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OnlineCarter Jonas and Dreweatt Neate merge
Carter Jonas and its 250 year old rural counterpart, Dreweatt Neate, are set to complete their longstanding merger for the start of May.
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AstraZeneca picks JLL
AstraZeneca has appointed Jones Lang LaSalle as its global real estate advisor, as tipped by Property Week (09.04.09). JLL will provide advice at a strategic real estate level and as preferred supplier at a local transaction level. Paul Youds, head of UK strategic real estate AstraZeneca, said: ...
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Travelodge buys Purple hotels out of administration
Travelodge buys Purple hotels out of administration
