11 March 2011
Property Week
View all stories from this issue.
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Co-Op seeks j.v. partner for £800m Manchester plans
9 March 2011
The Co-operative Group has launched a search for a joint venture partner for its 4m sq ft mixed use development in Manchester city centre.
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Tesco Bank to open northern account
11 March 2011
Bank recruits DTZ to find call centre in Glasgow, Edinburgh or Newcastle
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30 Old Burlington Street for sale
11 March 2011
Standard Life Investments has appointed Strutt & Parker to sell the headquarters of Maybourne Hotel Group in London’s West End
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Aberdeen appoints Asia investment specialist
8 March 2011
Aberdeen Asset Management Asia has recruited Christiaan van Beek as a senior property investment specialist, to be based in its Singapore HQ.
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Aberdeen wins €537m Nordic mandate
7 March 2011
Aberdeen Asset Management has been appointed to manage a €537m Nordic property portfolio
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Advice: How valuers can protect themselves against negligence claims.
10 March 2011
In 2007, you valued an office at £10m. In 2011, the bank values that same office at £1m, and it’s asking you why £9m has vanished. What do you do?
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Aerium buys in Bristol
9 March 2011
Aerium has completed the purchase of One Glass Wharf in Bristol for £83m, as tipped by Property Week (10.12.10).
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Agents to climb from bottom of cycle
11 March 2011
Two new agencies have entered the Nottingham property market in the past four months
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Agents to sell £150m of Targetfollow assets
11 March 2011
Deloitte has appointed agents to sell £150m of Targetfollow assets in London and across the UK
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Allianz signs €470m logistics jv with AMB
3 March 2011
AMB Property Corporation has formed a €470m joint venture with Allianz Real Estate to buy logistics properties at major transport hubs in Europe.
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Amazon ponders east Midlands shed order
11 March 2011
Amazon is considering locations for a 1m sq ft shed in the east Midlands
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Area enters new territory with NAB partnership
11 March 2011
Area Property Partners has sold a 35% stake to National Australia Bank as part of a new strategic partnership. Chairman Bill Mack and global CEO Lee Neibart will continue to head Area, which was founded in 1993 as Apollo Real Estate Advisors
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Arresting news exacerbates maudlin MIPIM mood
11 March 2011
Even before Robert and Vincent Tchenguiz were arrested at dawn on Wednesday, the mood at MIPIM was sober
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Axa completes £200m 20 Gresham Street purchase
7 March 2011
Axa Real Estate Investment Managers has completed the purchase of 20 Gresham Street, a 240,000 sq ft office building in the City of London
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Bank ‘patience is running out’ with bad loans
11 March 2011
A survey by the professional body of property insolvency experts indicates that banks will continue to try to avoid foreclosing on borrowers in problem loan situations
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Bank Fashion to open first Northern Ireland store at Victoria Square
7 March 2011
Bank Fashion has signed to open its first store in Northern Ireland in Multi Development’s Victoria Square scheme in Belfast.
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Banner in works for Acuitus
11 March 2011
One of the lots in last month’s Acuitus auction was a residential development site in London’s west Kensington
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Black day for Russian developer
11 March 2011
Mirax, the Russian developer that was planning a 52-storey London tower in partnership with Beetham Organization, has been closed down
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BNP Paribas Real Estate enjoys 79% profit surge
3 March 2011
BNP Paribas Real Estate enjoyed pre-tax profits of €139m in 2010 – a 79% surge on the previous year.
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Bonny HBOS assets for sale
11 March 2011
One of HBOS’s oldest property joint ventures is to be put up for sale. King Sturge is understood to have been instructed to sell all 11 assets held by Bonnytoun Estates, an investment company set up by former Scottish Metropolitan managing director Scott Cairns in 2001
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Bouygues to submit Canning Town plan
11 March 2011
Bouygues Developments will this month submit a planning application for its £600m mixed-use scheme at Canning Town in east London after presenting details of the development to prospective investors at MIPIM yesterday
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British pair to sell Sydney office park
11 March 2011
Grosvenor and Buccleuch Property have appointed Jones Lang LaSalle to sell Sir Joseph Banks Corporate Park in Sydney
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Brum’s Centre City in receivership
11 March 2011
Jones Lang LaSalle appointed to assess options for office after failed refinancing
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Cameron backs Property Week's Site Life campaign
11 March 2011
Prime minister supports campaign to find uses for derelict sites across the UK
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Capita Symonds appointed to review £550m NHS Estates in Leicester
9 March 2011
NHS community partners across Leicester, Leicestershire and Rutland have appointed Capita Symonds to carry out a strategic review of its £550m estate.
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Carpetright to close Irish stores following 50% sales slump
9 March 2011
Carpetright has announced it will close seven of its 25 stores in Ireland following a 50% drop in sales over the last three years.
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CB1 Microsoft funding deal completed
9 March 2011
Orchard Street Investment Management LLP, Brook gate and Microsoft Research have concluded a £37m three-way agreement to provide a new 77,000 sq ft headquarters building for Microsoft Research at Station Road, Cambridge, as part of Brook gate’s CB1 development
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Colliers appoints Papenfus as south east office head
10 March 2011
Colliers International has appointed a well-known agent as its new head of south east offices
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Colliers International sets out new UK strategy
3 March 2011
Colliers International has drawn up a new strategy to revive its fortunes that will involve improving its London transaction business and securing large-scale property owners as clients.
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Comment: Here's my wishlist for the National Planning Framework, says Ian Tant
3 March 2011
Well that’s it. The deadline for comments on the scope of the National Planning Framework has passed and the government should now have all it needs to finalise its drafting.
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Consolidation brings competition for same parking space
11 March 2011
Parking has grown up. What started out as a post-war “cash in a bumbag” business has evolved into a highly sophisticated industry
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Cordea appoints new finance head
8 March 2011
Property fund manager Cordea Savills has appointed Alexandra McGhee as head of fund finance, UK, with overall responsibility for the financial control and reporting on funds administered from London, Stockholm and Luxembourg
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Councillors give culture minister a lesson on heritage realities
11 March 2011
Local councillors demanded money and answers from John Penrose, minister of tourism and heritage at the Department for Culture, Media, and Sport
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Court rules on involvency trading
11 March 2011
A court has limited the interpretation of the balance sheet test of insolvency, ruling that companies can have liabilities exceeding assets but still be able to continue trading
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CPC's finance joint venture hires "Apprentice" star Liz Locke
3 March 2011
Omni Capital, the specialist property finance business set up by Christian Candy’s CPC Group and Mortgage Centre IFA, has appointed former “The Apprentice” star Liz Locke.
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Croydon unveils transport revamp plans
8 March 2011
Croydon council has signed a funding agreement with Network Rail to deliver a new entrance to East Croydon station, and a footbridge to connect the station to the town centre.
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Databank: ‘staycations’ soar in south-west
11 March 2011
Demand for self-catering holiday homes in the south-west has rocketed
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Debt finance for UK property difficult according to Savills
8 March 2011
There were fewer German banks in the list of most active lenders to UK property revealed by Savills today, as debt finance for property continues to be scarce.
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Derby council answers call for city centre office space
11 March 2011
Derby City Council has chosen developers Bolsterstone and Lowbridge to be among the beneficiaries of its £10m regeneration fund
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Derwent London turns new page in Westminster
11 March 2011
Derwent London has bought an empty building in Westminster
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DevSecs wins consent for 275,000 sq ft Hammersmith office project
10 March 2011
Development Securities has won planning consent for a 275,000 sq ft office scheme in London’s Hammersmith.
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Diary of a real estate student
11 March 2011
As part of Property Week’s “adoption” of London South Bank University’s real estate masters course for 2011, we are documenting the trials and tribulations of five of its students. This is the first of 23-year-old Joe Vallely’s monthly updates
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Doubled agents for Four Seasons
11 March 2011
Second agent brought in to let stores at Mansfield mall ahead of sale
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Dresden triggers Gagfah reflex
11 March 2011
German-listed residential property company Gagfah suffered a 10% plunge in its share price last Friday after it emerged that the City of Dresden was contemplating legal action against it
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DTZ Occupier Perspective: Global Occupancy Costs - Offices 2011
4 March 2011
“On average, global occupancy costs per workstation showed no change in 2010. But, this masks significant regional differences, driven by the two-speed economic recovery. Whilst costs rebounded by 10-15% in Central and South America and Asia Pacific, occupiers in the vast majority of EMEA and North American markets realised savings of 5% during 2010.
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DTZ says more cash targeting property but Europe stays flat
10 March 2011
DTZ today said that the amount of equity targeting property had risen 17% to $329bn since mid 2010 – but that Europe had not benefitted
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Ecobuild delegates pour scorn on ‘greenest government ever’
11 March 2011
RICS and Lend Lease leaders criticise complicated environmental legislation and inconsistent policy
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Etiquette Blog: The dos and don'ts of MIPIM manners
9 March 2011
This week I’ve given up keeping tabs on tube etiquette and have turned my attention to MIPIM.
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European holdings assist CLS in uplift
11 March 2011
CLS Holdings achieved a strong 16% increase in net asset value in 2010
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Everything goes to Cushman Everywhere
11 March 2011
Mobile phone service provider hires agent for all UK real estate requirements
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F&C Reit’s green light in Derby
11 March 2011
F&C Reit Asset Management has been granted planning consent to redevelop a disused site in Derby, where 108 homes will beconstructed. The 7 acre site in Sinfin comprises cleared land and a vacant industrial unit.
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Financial engineering pioneers
11 March 2011
I used to think that property investment was simple until I met the Tchenguiz boys
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Forever 21 signs for first Scottish store
7 March 2011
US fashion retailer Forever 21 is thought to have signed to take it’s first store in Scotland at Land Securities’ proposed Atlas development in Glasgow.
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Former Burberry HQ sold out of administration
9 March 2011
The Haymarket former headquarters of fashion brand Burberry has been sold by administrators for around £20m to Cheval Properties
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Four-star first for Lincoln
11 March 2011
Brayford Hotels has teamed up with DoubleTree by Hilton to develop Lincoln’s first four-star hotel on Brayford Pool North in the city centre
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GE Capital promotes finance man
11 March 2011
GE Capital has appointed the head of its US consumer retail finance business as the new head of its commercial real estate division
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Gold still sets standard while markets are uncertain
11 March 2011
When inflation becomes a serious threat, investors traditionally look to “real” assets to provide a hedge
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Government approves West Ham Olympic stadium bid
3 March 2011
The government and the mayor of London Boris Johnson have approved the recommendation of the Olympic Park Legacy Company to make West Ham and the London Borough of Newham the preferred bidder for the future use of the Olympic stadium.
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GOWNS LIFT THE FROWNS
11 March 2011
Students and hotels fuel Manchester development
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Hammerson’s Leeds Eastgate Quarters scheme is reborn
11 March 2011
REIT rejoins battle for city centre shoppers, after rival Land Securities starts on Trinity development
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Hammerson’s Leeds revision
11 March 2011
Hammerson will submit a revised planning application for its 1m sq ft Eastgate Quarter in Leeds this month
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Handelsbanken holds out helping hand to regions
11 March 2011
As most banks withdraw from the regional commercial lending market, Handelsbanken hopes to increase its presence
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HDG Mansur reaches for $500m
11 March 2011
US fund manager fundraising for international fund after two-year hiatus
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Heart of La Défense wins fight for creditor protection
11 March 2011
France’s highest court ruled on Tuesday that the owner of Coeur Défense, the vast office complex in Paris, could remain under court-appointed creditor protection while it restructures its debts
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Helical Bar pensions off retirement homes
11 March 2011
Developer to sell joint venture and focus on higher-yield assets
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Henderson acquires Capistrano Gardens LA apartments for $16m
7 March 2011
Henderson Global Investors has acquired Capistrano Gardens Apartments, a 120 unit apartment community in the Los Angeles suburb of Norwalk, California for $16m (£9.8m).
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Henderson and RLAM swap £40m of London assets
7 March 2011
Henderson Global Investors and Royal London Asset Management (RLAM), have swapped £40m of central London assets.
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Heritage waste really takes the biscuit, says prince
11 March 2011
It’s the little extras at St James’s Palace that tell you this is a Prince of Wales-branded conference
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Hines starts redevelopment on Midtown building
3 March 2011
Hines has announced it will start construction of 280 High Holborn in London’s Midtown this month. The 67,000 sq ft office building is being constructed on the former Chichester House site, which is located opposite MidCity Place on High Holborn.
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Holland’s Uni-Invest looks for finale for Opera
11 March 2011
Dutch office and industrial property company Uni-Invest is due to submit a business plan today for an €865m portfolio of assets, whose debt is in default
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Hometrack helps homebuyers threatened by ‘down valuing’
11 March 2011
Housebuilders use valuation data to set accurate pricing
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How Rock kept Thornfield debt rolling
11 March 2011
Administrators’ report reveals strategy for Thornfield Ventures assets
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How we drilled down into numbers of Stanley Black & Decker merger
11 March 2011
As Black & Decker we took over several small businesses but merging with Stanley Works doubled the global property portfolio overnight, so it is completely different in scale
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I’m not banker bashing — I’m stating the bleedin’ obvious
11 March 2011
Money and lending are the lifeblood of property, more than any other industry or service
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Icap deserts ‘slow’ property derivatives market
11 March 2011
The property derivatives market was dealt a huge blow this week with the news that Icap is pulling out
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Icap pulls out of property derivatives market
7 March 2011
The property derivatives market was dealt a huge blow today with the news that Icap is pulling out
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Impact of Liverpool One measured
8 March 2011
Drivers Jonas Deloitte has published a report for Liverpool City Council aimed at assessing the impact of Liverpool One and making suggestions for improving the city centre’s wider retail area
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In turbulent times we could do with a bit of German reliability
11 March 2011
One of the big lessons of the financial crisis is that there are two sides to the balance sheet
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Inditex acquires $324m Fifth Avenue New York store
7 March 2011
Spanish retailer Inditex has acquired the former National Basketball Association store at 666 Fifth Avenue in Manhattan for $324m (£198.6m), in a record deal for a U.S. retail condominium property.
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Innes England falls in at Waterside
11 March 2011
Innes England has been appointed to market the Oakhill Group’s 181,329 sq ft Waterside Point scheme on London Road in Nottingham
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IPD reveals huge variation between best and worst performers in 2010
8 March 2011
The 16.4 percentage point spread of returns between the best and worst performing UK commercial property investors last year was driven by huge variations in portfolio structure, delegates at Investment Property Databank’s UK Annual Benchmark Launch were told
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IPF appoints GE’s Craddock as research director
10 March 2011
The Investment Property Forum has appointed Pam Craddock as its research director.
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JMS continues central London spree
11 March 2011
Michael Sherley-Dale’s JMS Estates this week made its fourth investment and raised a further £13m of equity
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Jones Lang LaSalle beefs up its European retail capital markets teams
8 March 2011
Jones Lang LaSalle has made two appointments to its European retail capital markets teams in Spain and Sweden, strengthening its position in the retail investment market in EMEA.
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Khalatschi is Devon sent
11 March 2011
Entrepreneur Tony Khalastchi has teamed up with British Land to asset manage its recently purchased Green Lanes shopping centre in Barnstaple, Devon
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King's Cross developer ponders 300,000 sq ft spec space
9 March 2011
Argent, the developer behind the huge King’s Cross regeneration project in London, is to begin building more than 300,000 sq ft of office space in the next year, whether or not it can pre-let the space
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KKR enlists Goldman vet for global real estate offensive
11 March 2011
Ralph Rosenberg to spearhead investment drive for US private equity firm
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Labyrinthine layers of local LEPs
11 March 2011
Yorkshire + Lincolnshire
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LaSalle lets Woking shed space
7 March 2011
LaSalle Investment Management has completed the largest letting of industrial property in the Woking area in the last 12 months
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Lateral thinking in Leeds
11 March 2011
Lehman Brothers-appointed receivers to sell office with government tenants
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Leeds Arena touts for headline acts
11 March 2011
Hardeep Sandher speaks to landlords and occupiers around the site of the planned venue to find out more about the prospective development opportunities
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Leeds lawyer is captain of the enterprise
11 March 2011
Neil McLean talks to Hardeep Sandher about his plans for the city’s local enterprise partnership
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Lewis resigns as chief executive of Oak Holdings
9 March 2011
Steve Lewis has resigned as chief executive of AIM-listed Oak Holdings following the termination in January of a development agreement for its 320-acre Yes leisure project near Rotherham.
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London house prices further outgrow regions
3 March 2011
Price growth in London continues to outperform the wider UK market average, with 2% price growth expected this year across Greater London and a 5% increase anticipated for the Prime Central London Market, according to new research by Jones Lang LaSalle.
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London prime has recovered — let’s hope secondary follows suit
11 March 2011
Those who had participated in the central London office market over the past year had more reason to celebrate at this year’s MIPIM than at any of the previous three conferences
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M&S to anchor Shanghai shopping centre scheme
7 March 2011
Marks & Spencer has signed up as the anchor tenant of a new shopping centre in Shanghai
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MAG appoints agents at Pegasus
11 March 2011
MAG Developments has appointed Colliers International and Fisher Hargreaves Proctor as agents at Pegasus Business Park
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Manchester City enters 200-acre regeneration joint venture
3 March 2011
A new joint venture partnership to regenerate the Eastlands area of Manchester has today been unveiled by Manchester City football club, the city council, and urban regeneration company New East Manchester.
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Mark Kleinman | My best day - My Worst day
11 March 2011
Mark Kleinman, director at James Andrew International
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Merseyside fund reinforces Fort holding
11 March 2011
Merseyside Pension Fund has placed under offer a 12.5% stake in the Fort shopping park in Birmingham for around £26m, a yield of 5.5%
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MIPIM 2011 – €2.1bn Coeur Defense court decision goes Lehman’s way
9 March 2011
The owners of a Paris office building bought in the largest ever single asset European property deal won a key court decision yesterday
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MIPIM 2011 - Boris - London’s Royal Docks are an important development opportunity
8 March 2011
Mayor for London Boris Johnson used his keynote address at MIPIM today to say that London’s Royal Docks is as important a development opportunity as the legacy of the 2012 Olympic Games
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MIPIM 2011 - Boris unveils Meanwhile London winners
8 March 2011
A riverside festival, a pleasure garden and a floating swimming pool are amongst the winning ideas to regenerate derelict development sites in Property Week’s Meanwhile London competition.
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MIPIM 2011 – Corporate occupiers move their sights
8 March 2011
Companies have moved from a focus on cost control to maximum productivity and “smart” growth, according to the inaugural Jones Lang LaSalle and Thomson Reuters’ Corporate Real Estate Global Survey.
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MIPIM 2011 – JLL highlights key trends for European retail property
8 March 2011
Jones Lang LaSalle this week highlighted the six key trends for the European retail investment market over the next 12 months.
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MIPIM 2011 - Private and institutional buyers to drive investment volumes
8 March 2011
Jones Lang LaSalle today said that private and institutional buyers would help increase European investment volumes by 30% this year
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MIPIM 2011 TV: Boris Johnson shrugs off international threats to London's dominance
8 March 2011
Boris Johnson, the Mayor of London, today shrugged off threats from rival cities in economically booming nations such as China, saying London is still number one.
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MIPIM 2011 TV: ING REIM takeover not a barrier to further acquisitions, CBRE EMEA chief says
9 March 2011
The takeover of ING REIM by CB Richard Ellis “certainly does not preclude” further mergers and acquisitions for CB Richard Ellis in the short term, Mike Strong, chairman, chief executive and president of the consultancy’s EMEA business said yesterday.
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MIPIM 2011 TV: James Caan mulls property entrepreneurs fund
8 March 2011
Dragon’s Den star James Caan told Property Week today he is considering setting up a fund to invest in property entrepreneurs.
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MIPIM 2011 TV: Middle East unrest should see money flock to London
8 March 2011
Safe havens, such as London and Paris, could see international money flooding in as a result of the Middle Eastern political unrest, Jones Lang LaSalle’s EMEA head Christian Ulbrich said today.
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MIPIM 2011 TV: Nick Candy on expanding his business and his new "Apprentice"
9 March 2011
The Candy brothers are looking at the most established cities such as London and New York for their next luxury residential venture, Candy & Candy founder Nick Candy told Property Week today.
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MIPIM 2011: Croydon looks to boost regeneration
8 March 2011
Croydon council today announced £10m of infrastructure investment designed to boost the regeneration of the town
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MIPIM 2011: EU and UN failing sustainability leadership challenge
8 March 2011
Governments and international institutions must stop “dithering” and help facilitate a global standard for measuring the sustainability of buildings, property industry leaders will urge at MIPIM this week
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MIPIM 2011: Grigg and Peace call on banks to kick-start development
10 March 2011
Increased bank lending and reforms to the planning system can unlock development and boost the UK economy in turn, according to property big-hitters speaking today at Mipim.
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MIPIM 2011: Market conditions continue to attract investment in Central and Eastern Europe, says Jones Lang LaSalle
8 March 2011
Following a period of tenant favourable market conditions, cities in central and Eastern Europe such as Warsaw, Budapest and Bucharest are moving into a more ‘balanced’ market position in 2011 according to Jones Lang LaSalle’s latest research paper on the region
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MIPIM 2011: McAleer & Rushe launches £200m W Hotel sale
8 March 2011
McAleer & Rushe today launched the sale of the W Hotel at London’s Leicester Square - and is looking for bids of in excess of £200m.
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MIPIM 2011: Nicholas Cowell looks to buy outside London
9 March 2011
Nicholas Cowell, head of the Cowell Group, is looking outside his usual central London buying hotspot at regional retail properties.
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MIPIM 2011: OPLC backs hi-tech plan for media centre
8 March 2011
The Olympic Park Legacy Company will begin formally marketing the London Olympics’ media centres in April, it emerged today, as the body’s chairman backed plans to turn them into a hub for creative and hi-tech companies
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MIPIM BLOG: 80's music, jumpers and Boris
8 March 2011
I arrived in Cannes yesterday evening, on a full flight which bodes well for attendee numbers. We arrived on time and miraculously reached the Croisette within 35 minutes of touching down.
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MIPIM BLOG: A job offer for Boris and hotel sales
9 March 2011
Popped down to the auditorium to listen to Boris who was on his tub thumping best, extolling the virtues of investing in London.
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MIPIM BLOG: An icy blast blows through Cannes
8 March 2011
It’s going to be a very busy MIPIM judging by my flight from Heathrow this morning which was jam packed with MIPIM goers.
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MIPIM BLOG: Another cold day in Cannes
10 March 2011
Today started early with a very well attended British Property Federation breakfast at the Carlton Hotel. Lord Mayor, Mike Bear was in attendance wearing the most incredible diamond jewelled official regalia which was really quite mesmerising.
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MIPIM BLOG: Battle for MIPIM column inches begins
7 March 2011
The battle for MIPIM column inches has begun. And the week’s most hotly contested publicity war is among London’s big regeneration schemes.
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MIPIM BLOG: It feels like 1996’. `It feels like 1992’
8 March 2011
It is part of property’s groupthink to talk about the gap between London and the rest of the UK, but at MIPIM it becomes clear just how wide the contrast has become.
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MIPIM BLOG: So here we go again....
7 March 2011
For the first time in a while there appears to be a bit of a buzz about this year’s MIPIM.
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MIPIM BLOG: Things hotting up on the Croisette
9 March 2011
There was a real buzz today on a packed London Stand where Boris arrived on his Barclays bike to rally the troops declaring that we weren’t here for ’a jolly’ and that he had encountered at MIPIM the ’highest concentration of popular causes outside Tripoli’.
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MIPIM BLOG: Where am I supposed to be?
10 March 2011
Managing your MIPIM meetings is tricky, it turns out.
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MIPIM Bulletin: Giles reports from the Tchenguiz boat at MIPIM
9 March 2011
Property Week editor-in-chief Giles Barrie delivers this week’s Midweek Bulletin yacht-side in Cannes following the shock story that the Tchenguiz brothers have been arrested as a part of an investigation into the collapse of Icelandic bank Kaupthing.
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National Australia Bank buys 35% stake in Area Property Partners in strategic partnership
9 March 2011
Area’s senior management, led by chairman Bill Mack and global CEO Lee Neibart, will continue to lead the company and its investment committees
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New images unveiled of New Street
10 March 2011
Birmingham City Council and John Lewis have unveiled new images of their redevelopment of New Street Station.
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Newark and Sherwood break infrastructure levy
11 March 2011
Newark and Sherwood District Council is ahead of the game in bringing into force the Community Infrastructure Levy, which is targeted at retail schemes.
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NEWHAM START FOR DOCKLANDS
11 March 2011
The winning proposals in the Meanwhile London competition were unveiled at MIPIM this week
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No sugar-coating
11 March 2011
Lord Sugar spared no one his wrath when speaking to an audience of almost 600 at the Movers and Shakers breakfast club last Friday at London’s Dorchester hotel
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Nottingham’s vacant offices to receive secondary education
11 March 2011
Developers are converting secondary offices into student flats
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Oakgate buys Lloyds branch
11 March 2011
Oakgate Group has bought the Lloyds TSB on Low Pavement in Nottingham for £3.1m from a private investor
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OPLC to bring terraced family homes to Olympic Park
8 March 2011
The Olympic Park Legacy Company is to bring a 14-acre brownfield site in East London to the market next week, in a bid to deliver the first tranche of private sector-led housing after the Games in 2012
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Owen’s Invista REIM buyout collapses
10 March 2011
Duncan Owen has failed in his management buyout of Invista Real Estate Investment Management’s asset management business.
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People Moves: Altus Edwin Hill, GVA and more
11 March 2011
This week’s movers include Tim Reid, who has joined CB Richard Ellis
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Plans for Sleaford on the money
11 March 2011
North Kesteven District Council unveiled a 25-year masterplan to improve the Lincolnshire town of Sleaford last week
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Primary care trust expands in Derby
11 March 2011
Derby City Primary Care Trust has expanded its occupation in Nurton Developments’ Cardinal Square in Derby by 25,250 sq ft
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Prince has burning suspicions on restoration projects
11 March 2011
Integrity of purchasers of heritage property questioned
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Professional advisers will be first in firing line
11 March 2011
Sir, Richard Heap’s article, “Boom after Bust”, addressed several good reasons why there is likely to be an increase in the number of professional negligence claims within the real estate sector
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Property Week survey shows support for localism in theory but not in practice
11 March 2011
In a survey on the Localism Bill carried out by Property Week, more than half the respondents said the devolution of planning powers to local people was a good idea, but are cynical about whether it will encourage economic growth
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PROPERTY’S WHITEWASH
11 March 2011
Only 2% of RICS members are from “non-white” backgrounds
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PWTV: Lord Alan Sugar - Vince Cable is a "bloody fool"
4 March 2011
Lord Alan Sugar lambasted the government’s business secretary as an “idiot” and a “bloody fool” at this morning’s Movers & Shakers property networking breakfast this morning.
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Q&A: I am planning to let out my home during the 2012 Olympics.
4 March 2011
What issues do I need to know about?
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Quiet start to new year continues
11 March 2011
Prime yields were yet again largely unchanged in February, ending the month at 5.67%, just one basis point lower than in January
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Redevco buys German retail block
9 March 2011
Redevco has bought a third retail building in Germany let to the fashion chain SinnLeffers
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Regional retail park round-up
11 March 2011
DTZ Investment Management has bought Woodhall Retail Park in Bradford on behalf of a private investor for £13.06m – a yield of 6.49%. The park was put up for sale by Cornerstone Real Estate Advisers
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Retail barometer: clicks shore up bricks
11 March 2011
The high street is a barometer of national sentiment and landlords need to know what the mood is
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RICS to urge Pickles to give clear plan for localism
8 March 2011
Communities secretary Eric Pickles should do more to set out how local authorities should make the change to the new localist planning system, the RICS has said.
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Rockspring buys City office block for Korean pension fund
8 March 2011
Rockspring Property Investment Managers has bought an office building in the City of London for NPS European Property.
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Ross channels energy into Scots Renewable
11 March 2011
Former Elphinstone Estates chairman and chief executive Ken Ross has set up renewable-energy company Scots Renewable Energy
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Rotherham looks for another Yes man
11 March 2011
Council to retender contract to develop massive leisure scheme
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Royal London winches in HMV store
11 March 2011
Royal London Asset Management has purchased the 4,600 sq ft HMV store at 18-20 High Street in Winchester for its Royal London Property Fund
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Royle appointment
11 March 2011
Monique Royle replaced Lynette Lackey as the national chairman of the Association of Women in Property on 11 March
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Savills to move Liverpool HQ to Princes Dock
7 March 2011
Savills is to relocate its Liverpool office to Peel Group’s Princes Dock development
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Search is on for Majestyk Leeds operators
11 March 2011
Developer Rushbond will start redevelopment of the former Majestyk nightclub in Leeds next month
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Serial CVA offenders are making a mockery of lettings market
11 March 2011
Two years ago, in this column I sounded a warning note against abusive “prepacks” and company voluntary arrangements, which were threatening to turn into a flood at the depth of the recession
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Shop ‘til you drop off into a Lakeside hotel bed
11 March 2011
Capital Shopping Centres (CSC) is paving the way for the development of the first of two new hotels at its 1.4m sq ft Lakeside Shopping Centre in Thurrock
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Snow Peaks
11 March 2011
Part 1
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Sovereign Land and Area sign fashion retailer Bank in their first Ayr Central letting
9 March 2011
Sovereign Land and Area have secured their first letting at the Ayr Central Shopping Centre just a month after completing their purchase of the scheme.
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Stanhope and Schroders submit Croydon Ruskin Square plans
7 March 2011
Stanhope and Schroders have submitted a planning application for the redevelopment of Ruskin Square, adjacent to East Croydon Station.
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Strutts tacks on new recruit
11 March 2011
Strutt & Parker has appointed Matthew Tack from Hamptons International to its residential investment team in London as partner
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Surrey force is with Bruton Knowles
11 March 2011
Bruton Knowles has been appointed by Surrey Police Authority to dispose of seven police stations for residential development or conversion
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Take chat over garden fence seriously
11 March 2011
The Message:
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Take five … ways to cut car park congestion
11 March 2011
1. Take stock of access routes
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Tchenguiz brothers arrested in Kaupthing investigation
9 March 2011
Vincent and Robert Tchenguiz, the high-profile property entrepreneurs, have been arrested as part of an investigation into the collapse of Kaupthing, the Icelandic investment bank
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Tchenguiz brothers released without charge
10 March 2011
Vincent and Robert Tchenguiz were released by police last night after being arrested as part of the investigation into the collapse of Icelandic bank Kaupthing.
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THE RISE AND FALL OF THE PARTY BANK
11 March 2011
Anglo Irish Bank’s lavish hospitality and approach to lending transformed it into a powerhouse of the property boom. Now its massive losses are crippling Ireland’s economy
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There is more than £52 bn of equity currently targeting commercial real estate in the UK
9 March 2011
With over 80% focused on central London, Jones Lang LaSalle said at Mipim today
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Union Investment Real Estate acquires Italian shopping gallery for €48m
8 March 2011
Union Investment Real Estate has acquired the gallery of the Casal Bertone shopping centre in Rome for around €48m (£41m).
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Victoria Centre follows Eldon Square recipe for success
11 March 2011
New anchor store and better restaurant selection to make new wing of Nottingham shopping centre
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Why Foyles is still a thriller for landlords
11 March 2011
Small bookseller chain’s chief executive takes a tough negotiating stance
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Work begins on York’s £32m council house
11 March 2011
York Investors will start the construction of City of York Council’s £32m headquarters this month
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Wrenbridge and Beer to fund small deals
11 March 2011
Cambridge-based property company Wrenbridge Land has teamed up with Beer & Partners to launch a joint venture to cater to fund property deals of £1m-£3m
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Yorkshire’s 15 hopefuls
11 March 2011
The £1.4bn Regional Growth Fund is open to projects led either by private sector or private-public partnerships across the UK
