All Property Week articles in 11 December 2009
View all stories from this issue.
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Wellcome Trust rewarded for residential property focus
The benefit of investing in residential property was proved today when Wellcome Trust revealed that its residential-led property portfolio massively outperformed the market in the year to 30 September.
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PWTV: Ken Livingstone, Adrian Wyatt, Sir Bob Kerslake and Liz Peace grilled at Movers & Shakers 'Question Time'
Former Mayor of London Ken Livingstone, Quintain's chief executive Adrian Wyatt, Homes and Communities Agency chief executive Sir Bob Kerslake and British Property Federation's chief executive Liz Peace took on the serious issues in the property sector at the Movers & Shakers Question Time last Friday.
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Prupim pioneers use of UK sub–sector property derivatives
Prupim has carried out a series of UK property derivatives totalling £100m with Royal Bank of Scotland.
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Aberdeen buys 80,000 sq ft Stevenage industrial scheme
Aberdeen Property Investors has bought 80,000 sq ft of industrial units in Stevenage from DTZ Investment Management.
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Aviva reopens European Property Fund
Aviva Investors has reopened its European Property Fund for dealing.
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XXI Century completes $60m debt refinancing
XXI Century Investments, the AIM-listed Ukrainian property investor, has completed the refinancing of a $60m loan with Eurobank EFG Bank.
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General Growth restructuring given nod
General Growth Properties, the second-largest US mall owner, has won permission from a bankruptcy judge to restructure about $10.25bn in debt at some of its shopping centres and office buildings.
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Foreign buyers urged to do China research
Buyers considering buying a flat in China should thoroughly research the project's location, building quality, and the country's tax system before signing a sales and purchase agreement, property agents say.
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Kuwait Finance House quits Malaysian tower deal
The Malaysian unit of Kuwait Finance House has pulled out of a 920 million ringgit ($270m) deal to buy part of an office tower from a local property developer.
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Ras-based Al Hamra launches management division
The Ras al Khaimah-based property developer Al Hamra Real estate, which is behind the Dh4bn mixed-use Al Hamra Village development, has launched two separate companies dedicated to property management and maintenance.
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Luxury hotel set to rise as prices drop
Luxury hotels will be among US lodging industry’s most traded real estate next year as buyers go after high-end properties that have slumped in value, said Arthur Adler, chief executive officer for the Americas at Jones Lang LaSalle Hotels.
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Pinewood Shepperton agrees studio deal with Malaysian government
Pinewood Shepperton has reached an agreement with the investment arm of the Malaysian Government to develop a film and television studio facility in southern Malaysia.
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Habitat bought by Hilco venture
Habitat, the upmarket furniture retailer, has been bought by a consortium headed by retail turnaround firm Hilco.
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Four parties leading the private rented sector fund drive
The Homes and Communities Agency (HCA) said today that it anticipates significant fundraising activity to be undertaken in the first quarter of 2010 by lead consortia in its private rental sector initiative.
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MGPA completes £52.5m acquisition of Lands Improvement Holdings
MGPA, the private equity real estate investor, has completed the acquisition of the UK land bank company, Lands Improvement Holdings, for £52.5m.
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Accor board votes to split its businesses
The board of Accor, Europe’s biggest hotels group, on Tuesday voted in favour of a split of its hotels and services businesses but failed to gain unanimity after fierce opposition from France’s strategic investment fund.
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House price bounce adds £39bn to values
Homes across Britain gained £39.1bn in value over the past year, although signs of weakening sentiment could counter this autumn’s surprise recovery in the property market, according to property website data.
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RBS chief Hester accuses political 'meddlers’
Stephen Hester has accused politicians in Westminster and Brussels of wiping £15bn from the value from the Royal Bank of Scotland in just three months.
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Punch says trading remains difficult
Punch Taverns, the largest owner of pubs in the UK, said today that trading in the past few months has remained difficult although operating margins have improved.