09 March 2012

Property Week

View all stories from this issue.

Simon Property Group buys Klépierre stake for €1.5bn

8 March 2012

Simon Property Group has bought a 28.7% stake in European shopping centre owner Klépierre for €1.5bn.
£230m Barry Waterfront scheme in Wales gets planning approval

5 March 2012

A £230m development to regenerate Barry Waterfront in Glamorgan, Wales, has been given full planning approval.
A fictional purchase can come back for very real bite

09 March 2012

The message: Solicitors acting for lenders could pay a heavy price for carelessness.
A new era for retail as Amazon and Google get physical

09 March 2012

With both Amazon and Google stepping out of cyber space into reality, the future of retail in Europe is taking another turn.
Ambassadors show pride in MIPIM role

5 March 2012

MIPIM presents a “fantastic opportunity” for the Leeds City Region to build on its positive momentum and attract further investment, ambassadors travelling to the international property conference have said. TheBusinessDesk.com reports
Another property boom and bust is inevitable

09 March 2012

There have been three serious financial crises in the course of my career, and all of them have been rooted in a boom-and-bust property cycle.
anyspacedirect.co.uk

7 March 2012

anyspacedirect.co.uk
Balch to become Deutsche Pfandbriefbank London head

8 March 2012

Charles Balch is being promoted to succeed Harin Thaker as the head of Deutsche Pfandbriefbank’s London office.
Balfour-Lynn quits MWB

8 March 2012

Richard Balfour-Lynn has resigned as chief executive of MWB Group.
Barclays and RBS refinance St Pancras hotel

15 March 2012

Barclays and Royal Bank of Scotland have re-financed the St Pancras Renaissance Hotel in London’s King’s Cross
Barkers of Kensington to be remodelled

09 March 2012

German fund owner to convert art deco arcade into larger units
Barratt and British Land to buy 1 & 2 Aldgate Place

9 March 2012

Barratt Developments and British Land have exchanged contracts to buy 1 & 2 Aldgate Place in the City of London from Tishman Speyer.
Barratt to taste Sainsbury’s £300m difference in Fulham

09 March 2012

Developer plans residential-led scheme with supermarket in first of several projects in London
Beware ides of March in battle to revitalise UK housing

09 March 2012

Sir, Of 1 million empty UK homes, 800,000 are estimated to be in private ownership (analysis, 24.02.12).
Birmingham’s Gallan ventures to Newham retail park

09 March 2012

Birmingham-based developer Gallan Group is to undertake its first development in London in a joint venture with the Homes and Communities Agency.
Birmingham’s visitor offer is driver of local economy

5 March 2012

Birmingham’s booming visitor economy is vital to the growth of the city’s economy, say local businesses. TheBusinessDesk.Com reports today
Blenheim seeks right formula for old chemicals site

09 March 2012

Sheffield-based Blenheim Developments has bought the former Yorkshire Chemicals site on Kirkstall Road, in Leeds, from the Gladedale Group for around £3m.
Bray Fox Smith blows into Leeds

09 March 2012

Former King Sturge agent Jonathan Gale has joined Bray Fox Smith to open the London-based agency’s first northern office.
Bristol City FC scores stadium victory

09 March 2012

Plans for Ashton Vale are back on track after delays. Sarah Townsend reports
Britain has no immunity from threat of eurozone contagion

09 March 2012

Think about MIPIM and you think about the euro.
Candy enters US luxury market with New York penthouse

6 March 2012

Christian Candy has taken his first step into the American luxury residential market with the purchase of a three-storey penthouse apartment at the Plaza Hotel, overlooking Central Park.
Cap & Reg increases NAV by 11% in strong 2011 results

7 March 2012

Capital & Regional posted better-than-expected annual results this morning.
Carlsberg: creating world's best brewery - probably

09 March 2012

The number of beer bottles filled in Carlsberg’s brewery on the banks of the River Nene in Northampton will double to 60,000 an hour next year.
Carlyle under water in Poole and kicked out of Beds

09 March 2012

Receivers called in as Quayside and Twinwoods schemes breach debt covenants
Central Square plan casts Lumiere in new light

09 March 2012

Failed Leeds residential scheme to be rebranded and replaced with offices. Rachel Hunter reports
Chelsea FC should stay put, says council

12 March 2012

Chelsea Football Club’s future should be at Stamford Bridge and an expanded stadium is possible, the local council has said.
Chinese jeweller takes shine to UK

09 March 2012

Neoglory Jewellery to launch Europe expansion ahead of Olympics
Citi opens door to £400m Gazeley bids

09 March 2012

Investment bank tasked with sale of developer with £504m debt burden
Clement deal to create affordable housing in UK’s first urban land trust

09 March 2012

The London board of the Homes and Communities Agency (HCA) is close to finalising a deal to incorporate the capital’s first community land trust into the planned redevelopment of a grade II-listed former hospital in east London.
Clinton Cards appoints Ernst & Young to sell Birthdays

7 March 2012

Card retailer Clinton Cards has appointed Ernst & Young to put its ailing Birthdays chain up for sale.
CLS’s secondary offices boost NAV

09 March 2012

CLS Holdings increased its net asset value by 3% to 983p a share in 2011.
Conygar launches share buyback programme

8 March 2012

The board of Conygar has launched a share buyback programme due to the company trading at discount to net asset value.
Crest Nicholson floats on southern wave

09 March 2012

Housebuilder wants to double output in south-east ahead of potential flotation
Crest Nicholson posts £27m pretax loss

5 March 2012

Housebuilder Crest Nicholson posted a pretax loss of £27m in the year to 31 October, hit by finance costs.
Crocs strides out across UK

09 March 2012

US shoe brand Crocs plans to roll out standalone stores in around 30 new locations across the UK.
D2 Private to offload Savile Row block

8 March 2012

Irish investor D2 Private has hired agents to sell 23 Savile Row for offers of £200m or more, PropertyWeek.com can reveal.
Debt markets remain tight, but REITs may ride to rescue

09 March 2012

Writing in Property Week six months after the collapse of Lehman Brothers, I suggested that, given the banking crisis, equity might need to replace debt as a means of funding, as in the 1980s (professional, 13.03.09). We are in the middle of a European sovereign debt crisis.
Despite eviction, protestors continue to occupy headlines

09 March 2012

What can landowners do to protect themselves from squatters? By Caroline DeLaney
Dirty protest at GVA

09 March 2012

Ludgate is often accused of taking the piss, but allegations today are somewhat more, erm … solid.
Double secondary rates

09 March 2012

Sir, The government should double the empty rates liability on secondary malls (Shop vacancies stabilise at 14.3% but worse to come in 2012, | PropertyWeek.com, 07.02.12).
Dreams: things could only get better

09 March 2012

The UK’s largest bed retailer, Dreams, has brought in KPMG to undertake a strategic review of its business, as it tries to put itself on a more secure financial footing. A sale is among the options being explored.
Earls Court commercial cut; new images released

7 March 2012

Developer Capital & Counties has made several amendments to its plans for the Earls Court regeneration scheme in London, including cutting the amount of commercial space by 300,000 sq ft, and released fresh images of the scheme.
East End Glasgow

09 March 2012

An exhibition of paintings that depict the construction of the Riverside Transport Museum in Glasgow opens today in London’s East End.
Enterprise Inns sells portfolio to pub rival

12 March 2012

Solihull pub companby Enterprise Inns has completed the sale of a portfolio of pubs to London rival to Fuller Smith & Turner, TheBusinessDesk.com reported today.
Eurocracy gone mad

09 March 2012

European Union rules on procurement are a mountain to climb for British developers and councils’ regeneration projects. Sarah Townsend reports
Fears of occupier retreat over Nottingham transport project

09 March 2012

Workplaces may be subject to parking levy to help fund new tram lines. Christine Eade reports
FirstService creates new credit line

09 March 2012

FirstService Corporation, the Canadian company that is considering a takeover bid for Colliers International UK, has increased its financial firepower.
Forrester appointed EMEA chief of DTZ

5 March 2012

DTZ’s former chief executive John Forrester has been appointed chief executive of DTZ’s Europe, Middle East and Africa (EMEA) region, following the company’s takeover by UGL in December.
Game teeters on the brink

12 March 2012

Retailer Game said today its shares risked becoming worthless if it failed to secure a takeover bid before a quarterly rent payment came due at the end of the month.
Gibbo's the knave of spades

09 March 2012

There’s no denying GM Real Estate co-founder Tony Gibbon’s penchant for calling a spade a spade.
Goodman enlists Lynton’s Glennie

09 March 2012

Goodman has appointed Lynton Developments’ director George Glennie as development director for the south-east.
Government cuts estate costs by £200m, but must do more

09 March 2012

NAO says only a more radical approach will achieve further savings. Sarah Townsend reports
Grainger hires director of strategic capital markets

12 March 2012

Listed residential landlord Grainger has appointed a new director of strategic capital markets from Pradera.
Growing ground rent firm’s fund

09 March 2012

Bolton-based ground rent owner Landmark Investments Group has raised £54.5m to launch a fund to expand its portfolio.
GVA buys North West agency Dixon Webb

6 March 2012

GVA has bought Dixon Webb, a commercial property consultant based in the North West of England.
Hammerson shrinks in Sheffield after John Lewis withdraws

09 March 2012

John Lewis has dropped plans to move to the fire station building on Hammerson’s proposed Sevenstone retail development in Sheffield and will remain in its existing store.
Happy with his Lott

09 March 2012

Cushman & Wakefield surveyor Tom Gough was inundated with calls from jealous mates after this photo was published in Look magazine — they were convinced he was pop singer Pixie Lott’s new boyfriend.
Henry Boot scraps Burnley extension plans

7 March 2012

Developer Henry Boot has decided to scrap its planned Curzon Street retail development extension in Burnley after failing to secure adequate prelets.
Hilton checks out of Newark over community levy

09 March 2012

Newark, in Nottinghamshire, will be deprived of one of Hilton’s budget brands of hotel unless its developer, Manorcrest, can persuade Newark and Sherwood District Council to forgo the community infrastructure levy.
Holiday Inn finds Balls to build hotel

09 March 2012

Plans were this week submitted to Tower Hamlets Council to convert the former Balls Brothers headquarters in Bethnal Green, east London, into a Holiday Inn Express.
Home and away: British buzz and MIPIM murmurs

09 March 2012

Chilly Cannes played host to 19,000 property people this week. The UK contingent was marginally up, but public sector attendance was markedly down on previous years.
In pole position

09 March 2012

Midlands-based developer Realis has sponsored Olympic pole vaulting hopeful Steve Lewis in the run-up to London 2012.
ING to liquidate Britannica fund

09 March 2012

Portfolio of nine regional shopping centres, worth around £350m, to be brought to market
Interns survey global options in race for placements

09 March 2012

Internship competition aims to help property students launch careers. Sarah Stewart reports
Invista sells West Brom office for £19.5m

5 March 2012

Invista Foundation Property Trust has exchanged contracts to sell its office property let to British Telecommunications in West Bromwich to an undisclosed buyer for £19.5m, reflecting a net initial yield of 5.8%.
Jones Lang LaSalle achieves 82% at March auction

7 March 2012

Jones Lang LaSalle has raised £5.7m at its March auction, achieving an 82% success rate.
Knight Frank agrees Abu Dhabi tie-up

8 March 2012

Knight Frank has signed a partnership agreement with the National Bank of Abu Dhabi to provide clients with residential and commercial property services.
LaSalle pays £32m Stockwell tuition fees

09 March 2012

LaSalle Investment Management has bought and will fund construction of a 328-bed student hall scheme known as the Quadrant, in Stockwell, south London.
Leeds' Gateway offers corporate apartments to tempt occupiers

9 March 2012

A corporate apartment is being offered as an incentive to occupiers looking to let remaining office suites at The Gateway, Leeds, from this month.
Leeds venue gets its acts together

09 March 2012

“Arena Quarter” starts to take shape. Rachel Hunter reports
Leicester developer is aggressive about Passivhaus

09 March 2012

Watermead Business Park to sign tenant to all-in rent at green building. Christine Eade reports
Leisurely progress for Doncaster's Frenchgate

09 March 2012

Frenchgate Shopping Centre in Doncaster has signed several new tenants as it benefits from the strong retail market in the town.
Lincoln’s Teal Park is cooking on gas

09 March 2012

Siemens consolidates gas turbine overhaul facilities at 87 acre park. Christine Eade reports
Liz Earle’s shop treatment

09 March 2012

Liz Earle is poised to expand across UK high streets.
Lloyds lines up second loan sale

8 March 2012

Lloyds Banking Group is lining up its second loan sale in the space of six months, PropertyWeek.com can reveal, with a £600m portfolio being put together.
Local Shopping REIT and Schroders to set up convenience retail fund

4 March 2012

Local Shopping REIT is believed to joining up with Schroders to launch a £60m fund to buy convenience retail stores.
London flies flag for housing development

09 March 2012

Residential development in the UK’s regions has been sluggish ever since the onset of the credit crunch in mid-2007, but values in many areas of London have barely taken a knock and schemes continue to shoot up at a rate of knots. David Hatcher looks at four of the capital’s highest-profile schemes that are all fast coming to fruition
London in prime position to power up rest of UK

09 March 2012

Prime property yields were unchanged in February, averaging 5.75% and ending a losing streak that started last August.
Magna starter

09 March 2012

It is unthinkable that one of the four remaining copies of the Magna Carta should be evicted from Lincoln Castle (pictured), three years short of the 800th anniversary of the signing by King John.
Malaysians buy £550m KanAm properties

7 March 2012

PNB Holdings has bought two London properties worth £550m from German fund manager KanAm.
Mapeley portfolio falls £170m

09 March 2012

Debt servicer Hatfield Philips considers negligence claims over original valuation after 70% loss of value
Mayor to offload Dagenham dive

09 March 2012

Mayor of London Boris Johnson is preparing to sell one of the largest brownfield sites in east London.
Meals on steel

09 March 2012

Lunchtime deliveries reached new heights in the City of London last week, when workers at Stanhope and Mitsui’s site at 8-10 Moorgate were caught on camera, accepting their lunch from a crane.
MIPIM 2012: 600,000 properties risk being unlettable by 2018

6 March 2012

Hundreds of thousands UK properties could be rendered unlettable from 2018 onwards if they are not brought up to the required energy standards, an event at the MIPIM conference in Cannes will confirm today.
MIPIM 2012: Active lenders to property sector falls by 33% in 2011

6 March 2012

Active lenders to the real estate market fell by 33% in 2011 with only five lenders willing to underwrite more than €100m to the industry according to Cushman and Wakefield’s latest European Real Estate Lending Survey launched at MIPIM today.
MIPIM 2012: AEW Europe to raise €350m for distressed property fund

6 March 2012

Fund manager AEW Europe is looking to raise €350m of equity for a new fund to take advantage of the ongoing distress in European property, PropertyWeek.com can reveal.
MIPIM 2012: Birmingham leader warns "those Londoners trapped in a time-warp"

8 March 2012

Councillor Mike Whitby has criticsed the nay-sayers in London who think there is no-life in the regions, saying his city is grabbing international interest as a top city to visit.
MIPIM 2012: Boris to sell 70-acre former Ford Motors site

6 March 2012

Mayor of London Boris Johnson is preparing to sell one of the largest brownfield sites in east London, part of the former Ford Motors site in Dagenham.
MIPIM 2012: Bouygues and Newham agree £600m Canning Town scheme

8 March 2012

Bouygues Development and the London Borough of Newham have agreed development terms the £600m Canning Town Centre scheme, it announced today at MIPIM.
MIPIM 2012: Brum leader targets sovereign funds

7 March 2012

The leader of Birmingham City Council Mike Whitby has travelled to MIPIM to persuade sovereign wealth funds to take stakes in some of the City’s largest projects.
MIPIM 2012: Croydon chief bullish despite "gutting" Nestle move

6 March 2012

Croydon Council’s chief executive has professed to being gutted by Nestle’s decision to exit the London borough, but is upbeat about its prospects as a residential and reconfigured office destination.
MIPIM 2012: Cushman EMEA chief Bacon on fees, financing and Flower

9 March 2012

Cushman & Wakefield’s EMEA chief executive Paul Bacon joined Property Week’s Giles Barrie this morning on the beach in Cannes to wrap up this year’s MIPIM conference.
MIPIM 2012: Finance expert joins KPMG

6 March 2012

Stephen Barter, one of property’s best known financiers, has joined Big Four accountant KPMG.
MIPIM 2012: Forrester outlines DTZ European strategy

7 March 2012

DTZ’s European chief executive today outlined the firm’s European strategy following its acquisition by UGL last December.
MIPIM 2012: Global “wall of money” falls to $298bn, says DTZ.

7 March 2012

The global “wall of money” for real estate investment has fallen by 6% over the last six months.
MIPIM 2012: Hammerson London portfolio sales to be invested in France

8 March 2012

Hammerson chief executive officer David Atkins today said that much of the money raised from the sale of its London portfolio will be invested in France.
MIPIM 2012: How to become a property millionaire with James Caan

9 March 2012

If you have been looking in envy at the great and the good of property tycoons relaxing on board a yacht at Mipim this week, soon you could be in their shoes.
MIPIM 2012: Lister - Ken stuck "in the 80s" and a Heathrow third runway "a temporary fix"

6 March 2012

Sir Edward Lister, Boris Johnson’s chief of staff and deputy mayor for planning, today said that a third runway at Heathrow would only be “a temporary fix”, despite an open letter from industry leaders calling for it to be considered.
MIPIM 2012: London not in danger of "housing bubble" says Cowell

7 March 2012

London should not fear a housing bubble as in-flows of international money are not likely to dry up, Nicholas Cowell, managing partner of the Cowell Group of Companies, said last night.
MIPIM 2012: London top for attracting international retailers

5 March 2012

London’s retail market continues to attract the greatest number of international retailers, according to new research from Jones Lang LaSalle.
MIPIM 2012: Nick Candy's top countries with money to spend

9 March 2012

Property Week caught up with Nick Candy, chief executive of Candy & Candy, to hear his views including the top four countries with money to spend in London.
MIPIM 2012: Rockspring buys major Polish shopping centre

5 March 2012

Rockspring Property Investment has bought a Polish shopping centre for a sum believed to be in the region of €80m.
MIPIM 2012: Savills expands list of property lenders -

6 March 2012

Savills today names 21 active “bigger ticket” property lenders, an increase of two in the last six months.
MIPIM 2012: Scarcity of debt is investors' biggest Europe concern

7 March 2012

The scarcity of debt is the biggest threat to the recovery of the European property market, a survey by CBRE has shown.
MIPIM 2012: Squarestone founders launch resi development venture

8 March 2012

Squarestone co-founders Robert Sloss and Tim Barlow have raised £100m for a new residential development venture Propertyweek.com can reveal.
MIPIM 2012: The view from the Croisette

9 March 2012

From poor weather to debt financing - the views of this year’s MIPIM conference in Cannes have been varied.
MIPIM 2012: Turkish mega scheme launched

7 March 2012

Turkish developer Eroglu Property has today launched a 5.6m sq ft mixed use scheme in the Istanbul’s Seyrantepe area.
MIPIM 2012: Two big prelet deals for German industrial schemes

5 March 2012

Two large German industrial developments have secured prelets totalling 42,000 sq m.
MIPIM 2012: UKR names Nottingham as location of first pilot 'village'

6 March 2012

UK Regeneration has named Nottingham as the location for its first pilot ‘village’ of 200 homes.
MIPIM 2012: Welcome to Cannes

6 March 2012

Property Week’s features editor Hardeep Sandher ventured out on the Malcom Hollis yacht this morning to welcome you to this year’s MIPIM conference in Cannes.
MIPIM BLOG: MIPIM hots up....but not the weather

7 March 2012

Despite arctic conditions it’s been a great day. Started with my annual catch up breakfast with REED MIDEM UK supremo Peter Rhodes who generally tries to keep a low profile at MIPIM.
MIPIM BLOG: My most memorable MIPIMs

5 March 2012

Here are my five most memorable MIPIMs. This is my 20th - having started in 1992 and missed only one year when a new dad - so it will be fascinating to make comparisons with the past.
MIPIM BLOG: Qatar urban living, rock stars and chivalry.

9 March 2012

I have to start by mentioning the impressive new Qatari Stand showcasing their pioneering $5.5. billion, 31 hectare project for the revival of Doha’s commercial and cultural hub combining the uber modern with Qatar’s traditional architecture and heritage.
MIPIM BLOG: Welcome to MIPIM

6 March 2012

Not wishing to upset those who have overcome challenging obstacles to get here, the journey to Cannes yesterday was almost too easy. Unusually I arrived at Terminal 5 on time and check in took seconds.
MIPIM Blog: Why Strutt & Parker won’t be sold

9 March 2012

I challenged Strutt & Parker senior partner Andy Martin yesterday over whether the £80m a year outfit would be sold – and he gave me six reasons why it won’t.
Morgan Stanley backs £150m fund foray

09 March 2012

Alternative Investment Partners finances Wainbridge’s London venture
MORNING AFTER: Cushman & Wakefield LLP at MIPIM 2012

7 March 2012

After a rainy and cold start, things appear to have brightened up in Cannes for this year’s property conference
MORNING AFTER: MIPIM 2012 Opening Cocktail Party

8 March 2012

MIPIM 2012 got off to a flying start with its opening cocktail party at the Carlton hotel in Cannes
MORNING AFTER: Vertical Rush 2012

6 March 2012

Today (March 1) a host of celebrities joined 1,200 people to run up the 920 steps of Tower 42, raising money for housing charity Shelter.
Morrisons to roll out convenience format after "best year yet"

9 March 2012

Morrisons has reported a 7% rise in turnover to £17.7bn for the year to 29 January, 2012, and says it plans to open more of its M Local convenience stores this year.
Mulberry expansion in the bag

09 March 2012

British accessory and fashion retailer Mulberry is launching an expansion drive across the US, Europe and Asia, for which it plans to open around 30 stores a year.
Nando’s spices up Bradford city centre

09 March 2012

Restaurant chain Nando’s has taken a 4,200 sq ft unit on a 20-year lease at Rushbond’s Centenary Square leisure scheme in Bradford.
Need to know: CSC mulls next move at Broadmarsh

09 March 2012

Westfield and Possfund’s sale of Nottingham’s Broadmarsh shopping centre last year was described by the chairman of buyer Capital Shopping Centres (CSC), Patrick Burgess, as “ending a long period of stalemate”.
Need to know: Lone Star takes Deutsche Post distress

09 March 2012

US private equity firm teamed up with Canadian asset manager Dundee for Toronto flotation of German portfolio. Mike Phillips reports
Network Housing Group buys Alperton regeneration site

5 March 2012

Network Housing Group has bought a 3.75 acre brownfield site in the Alperton regeneration area with planning for 441 homes.
New lenders provide ray of hope for property finance

09 March 2012

Property Banking Forum predicts upswing in lending from new sources this year. Mike Phillips reports
New RICS guidelines will help asset managers deliver meaningful savings

09 March 2012

The government aims to save around £83bn over the next four years across its estate and services, which will put significant pressure on the public sector and its suppliers.
Nine Elms developers facing another new tax

5 March 2012

Wandsworth Council has set out proposals for a Community Infrastructure Levy to tax developers up to £575 for every square metre of residential development across the vast majority of the borough, on top of a new, similar charge being introduced by the mayor’s office this year.
Nottingham drives integrated transport programme

09 March 2012

Today marks the first milestone in Nottingham’s journey towards an integrated transport system.
Paris burning with slew of sales

09 March 2012

German investor Deka Immobilien has sold the “Axe France” office building in Paris (pictured) for around €166m to a pool of French investors.
Peel gets planning for £5.5bn Liverpool Waters

6 March 2012

John Whittaker’s Peel Group has been granted outline consent for its £5.5bn Liverpool Waters scheme.
People Moves: CBRE, Savills, Sotheby's International Realty, Asda and more...

09 March 2012

Ben SmithJessica Yonwin
Peverel sold by administrator for £62m

6 March 2012

Peverel Group, the property management company formerly owned by Vincent Tchenguiz was bought out of administration for £62m.
Plans submitted for Altrincham hospital

6 March 2012

Developer Citybranch has submitted a planning application to build the long-awaited £10m hospital planned for Altrincham, reported TheBusinessDesk.com today
Private sector snaps up vacant government schemes

09 March 2012

New tenants are stimulating office market but development still sluggish. Christine Eade reports
Prologis offloads €400m of French and German sheds

09 March 2012

Further sales across Europe likely, as rationalisation of estate continues after AMB merger
Pyrrho welcomes Balfour-Lynn’s resignation from MWB

8 March 2012

MWB Group’s largest independent shareholder, Pyrrho Investments, has welcomed the resignation of chief executive Richard Balfour-Lynn and called on the board to tackle the structural deficiencies in the group’s capital structure.
Q + A: Michael Ingall's challenge at Clarence Dock

09 March 2012

After the success of Spinningfields in Manchester, Allied London has taken on the underperforming Clarence Dock scheme in Leeds. Rachel Hunter quizzed chief executive Mike Ingalls on his plans
Q + A: Prince's Regeneration Trust chief Ros Kerslake

09 March 2012

The Regeneration Leaders’ Network, an initiative launched last month by national charity the Prince’s Regeneration Trust, examines how cash-strapped organisations can help to regenerate deprived areas. Trust chief executive Ros Kerslake explains the network’s aims.
Rail misery to increase 200%

09 March 2012

Sir, I can’t help pointing out an error when the Department for Transport spokesman reports an estimated 2% increase in passenger numbers at the Euston Tube station (news, 24.02.12).
Record rent at Cardiff's Waterside scheme

14 March 2012

A record rent of £22/ sq ft has been set in the Cardiff office market as law firm Abel & Imray move to Cardiff Waterside’s 3 Assembly Square building this month.
Retailers launch fresh protest against quarterly rent payments

09 March 2012

New Look head of property leads 25 occupiers against landlords. Sarah Stewart reports
Retailers put faith in Trinity Leeds

09 March 2012

City centre scheme is now two-thirds let with year to go before completion. Rachel Hunter reports
Royal Mail secures Nine Elms planning consent

6 March 2012

Royal Mail has today secured planning permission from Wandsworth Council to redevelop its South London mail centre site in Nine Elms adjacent to Battersea Power Station.
Savills’ lender list is just the ticket

09 March 2012

Savills has identified 21 active, “bigger ticket” property lenders, an increase of two in the last six months.
Schwartz to float Japanese sheds

09 March 2012

Global Logistic Properties is preparing to float its Japanese industrial assets.
Singaporean faces £750m hotel bill

09 March 2012

The Royal Bank of Scotland is close to selling a portfolio of 42 Marriott hotels for almost £750m — providing a rare vote of confidence in the UK regional hotel market.
Skype and Weber Shandwick to lease Prupim's Waterhouse Square

7 March 2012

Internet calls service Skype and a public relations firm are close to leasing a total of 120,000 sq ft of office space in Holborn that had been earmarked for Saatchi & Saatchi’s headquarters.
Skype calls in at Saatchi’s planned Holborn HQ

09 March 2012

Internet calls service Skype and a public relations firm are close to leasing a total of 120,000 sq ft of office space in London’s Holborn that had been earmarked for Saatchi & Saatchi’s headquarters.
Soho Estates steps in at foiled Foyles sale

15 March 2012

West End portfolio that includes historic bookshop under offer to underbidder
Still going strong: An interview with CBRE's Mike Strong

09 March 2012

“I’ve always felt that the market was likely to be dominated by four or five big players, like in accountancy. It hasn’t quite happened in property agency yet, but it’s now starting to move that way.”
Terrace Hill completes £75m resi sale

7 March 2012

Terrace Hill has completed the sale of a portfolio of 574 apartments to Swedish property group Akelius.
The Shard and pylons: two tall tales of conservation lobbies

09 March 2012

Last week’s cover story charted Irvine Sellar’s “epic struggle” to build the Shard, the new Tower of London.
Threadneedle eyes Staples Corner Retail Park

09 March 2012

Threadneedle Investments is poised to buy Staples Corner Retail Park in north London for a price thought to be just less than £60m.
Time for a Dollar

09 March 2012

Londonewcastle and UK & European Investments have obtained planning permission for their Dollar Bay residential scheme in London’s Docklands.
Trinity Leeds secures more new names

9 March 2012

Land Securities has signed a number of new brands and negotiated new deals with several retailers for additional space in Trinity Leeds, due to open next spring.
Two thirds of funds underperformed IPD benchmark in 2011

6 March 2012

Smaller funds, notably balanced and pensions funds, suffered in the deteriorating economic conditions of 2011, delegates were told today at the launch of the IPD Annual Benchmark.
Two-thirds of funds below par in 2011

09 March 2012

IPD annual benchmark reveals estates and charities were best performers again
UK funds suffer second quarter of outflows

7 March 2012

UK unlisted pooled property funds suffered a £4.5m net outflow of money in the fourth quarter of last year.
University of Salford secures £45m arts project facility

12 March 2012

The University of Salford has secured a £45m revolving credit facility to help finance the development of a new arts building, TheBusinessDesk.com reported today.
Valad Europe completes €300m debt facility and extends life of fund

5 March 2012

Valad Europe, the multi-let industrial real estate investment manager, has secured a €300m senior debt facility for its European High Income Fund concurrently with an extension of the life of the fund for a further four years.
Westfield Derby is five down

09 March 2012

The post-Christmas retail failures have resulted in Westfield Derby going from being fully let to having five vacant units.
White Rose Office Park opens conference facility

9 March 2012

Facilities management group ISS has carried out a major refurbishment of the 20,000 sq ft catering building at the White Rose Office Park, Leeds, to include a new conference centre.
Wincanton lightens load after Argos loss

09 March 2012

Wincanton, the logistics company, is looking for an occupier to take over the remaining two years of its lease on its 500,000 sq ft facility on Max Park in Corby, now that its client, Argos, the catalogue retailer, has ended the contract.
Wyndham Grand hotel in Chelsea for sale for around £80m

5 March 2012

London’s only five star all-suite hotel, The Wyndham Grand overlooking Chelsea Harbour, has been put up for sale for around £80m.
X-Leisure in Luminar litigation over administration rents

09 March 2012

Leisure park owner takes legal action against administrator Ernst & Young
Yodel to shout down two depots in sale-and-leaseback strategy

09 March 2012

Yodel, the parcel delivery group owned by the Barclay Brothers, wants to sell and lease back several of its depots to raise funds following their purchase of DHL Express.
Yorkshire pins industrial hopes on distribution

09 March 2012