11 May 2012

Property Week

View all stories from this issue.

‘Best endeavours’ clause can land you in trouble

11 May 2012

The message: An obligation to use best or reasonable endeavours may have onerous consequences if it is enforceable
01 Properties pulls IPO

11 May 2012

The Russian property investment company 01 Properties, will pull its initial public offering, due to “adverse market conditions.”
Aberdeen poaches Henderson man as UK property chief

14 May 2012

Aberdeen has poached a key director from its rival Henderson Global Investors to manage its UK property business.
Administrators close 350 Clinton Cards and Birthdays stores

16 May 2012

The administrators to Clinton Cards have today closed around 350 stores, including all the Birthdays shops, after deeming the retailer’s portfolio of 784 store “an untenable retail estate”.
Ageas snaps up former B&Q headquarters

10 May 2012

LaSalle Investment Management has sold the former B&Q headquarters in Chandlers Ford to insurance company Ageas for an estimated £6m.
Alexander McQueen to open Savile Row flagship store

15 May 2012

Alexander McQueen has signed to open a new flagship store at 9 Savile Row, in London’s West End.
Allied London ‘i’s techies

11 May 2012

Michael Ingall is targeting technology and media occupiers with new shell-and-core space. David Hatcher reports
AOS Studley takes tenant rep to India

11 May 2012

AOS Studley has embarked on a strategy to become India’s third-largest real estate adviser by 2015 by opening an office in Mumbai.
Asbestos rules might cause headaches but they could help prevent deaths

11 May 2012

April brought a shower of asbestos-related headlines, which highlight serious issues the industry must confront. To be blunt, too many people in property are unnecessarily putting their health and lives at risk.
Asset manager excises distress

11 May 2012

Property Alliance Group division seeks further cases for treatment. David Hatcher reports
Azerbaijan’s oil fund to pump £1bn into European property

11 May 2012

Sovereign wealth fund joins global investors seeking safe haven in prime London assets
Back into the black

11 May 2012

Years of losses, mounting debt, a costly workforce and a pensions black hole have forced UK Coal to bet its future on the success of its newly spun-off property arm, Harworth Estates. James Whitmore reports
Barratt boasts best spring in five years

10 May 2012

Housebuilder Barratt Developments reported its best “spring selling season” for five years this morning.
BBC to broadcast its Cardiff requirement

11 May 2012

Shortlist of sites for Wales office to be announced this month. Sarah Stewart reviews the candidates
Berkeley takes the lead at Wapping

17 May 2012

Berkeley Group is closing in on buying Fortress Wapping, the former headquarters of Rupert Murdoch’s News International, The Financial Times reported today.
Berkeley takes Wapping lead

17 May 2012

Berkeley Group is closing in on buying Fortress Wapping, the former headquarters of Rupert Murdoch’s News International, The Financial Times reported today.
BlackRock decides on 70,000 sq ft in Edinburgh

15 May 2012

Edinburgh is close to getting its biggest office letting of the year, after BlackRock placed more than 70,000 sq ft of space under offer in the city centre.
Boris may have ended Ken’s political career, but he’s no PM

11 May 2012

In the event the London mayoral contest was just as I forecast here — a damn close-run thing.
Bra retailer to double in size

11 May 2012

Agent Provocateur plans to nearly double its store portfolio through European expansion.
Broadgate ‘arena’ unveiled

11 May 2012

The retail and leisure areas of Broadgate in the City of London are set for a facelift.
Buddha-bar returns to the UK

15 May 2012

Global bar brand Buddha-bar is set to relaunch in the UK after buying the 11,000 sq ft Chicago Rib Shack site in London’s Knightsbridge for close to £1.5m.
Bupa leads Manchester tenant moves

11 May 2012

A raft of occupiers have lease expiries in the next two years. David Hatcher reports
Cap & Reg hit by retailer administrations

16 May 2012

Capital & Regional has been hit by retailer administrations, affecting 50 of its stores and 5.5% of its rental income, but has completed new lettings at 2.1% of ERV.
Capco secures £70m credit facility

15 May 2012

Capital & Counties has secured a £70m credit facility from BNP Paribas and HSBC.
Capitol Shopping Centre gains two new anchors

14 May 2012

Moorfield Group will start reconfiguration works this month at Capitol Shopping Centre in Cardiff to create space for two new anchors, Tesco and easyGym.
CBRE wins prized Lloyds contract from JLL

15 May 2012

Lloyds Banking Group has appointed CBRE to provide transactional advice across its 20m sq ft portfolio of offices and retail banks, as tipped by Property Week.
Cheapskate construction can cost property industry dear

11 May 2012

British Council for Offices conference will address challenges of straitened times. By James Wates
Coalition’s heavy-handed regulation is killing regeneration

11 May 2012

I recently enjoyed a visit to the Shard at London Bridge and was hugely impressed. The views were breathtaking and the attention to detail admirable.
Colliers bulks up investment team with new hire

16 May 2012

Colliers International has poached Richard Walsh from GVA to help bulk up its national investment team.
Co-op seeks north-west newcomer for NoMa

11 May 2012

The Co-operative Group is to imminently submit a planning application for the £15m refurbishment of the 125,000 sq ft Hanover building (pictured) at its NoMa scheme in Manchester.
Corporate occupiers are cutting costs, consolidating and collaborating

11 May 2012

Property Week Analytics’ second report investigates how occupiers approach property in a recession. Hardeep Sandher reports
Council forced to put the big boys in the barracks

11 May 2012

A council-backed development in Cardiff has failed to attract local retailers, despite offering them subsidised rents and rate concessions.
Crisis on cards for landlords as Clinton caves

11 May 2012

“Clinton Cards was renowned in the 1980s and the late 1990s for making the market. You could rely on Clinton to break the record rent and attempt to obliterate the opposition in towns where there was surplus supply.
Crocs snaps up St Davids unit

11 May 2012

Shoe retailer Crocs is to open its first store in Wales — also its first in the UK — with its new concept at St David’s shopping centre in Cardiff.
Cushman leisure head joins Dubai investor

16 May 2012

Chris Warren, head of leisure and restaurants at Cushman & Wakefield, is leaving the firm to join a Dubai investment company.
Cushman suffers first-quarter loss

11 May 2012

Cushman & Wakefield lost $18.7m in the first quarter of the year, nearly double the loss made last year, after incurring a 7% increase in operating costs.
Cushman suffers first-quarter loss

11 May 2012

Cushman & Wakefield lost $18.7m in the first quarter of the year, nearly double the loss made last year, after incurring a 7% increase in operating costs.
Debenhams shows desire for Rochdale

11 May 2012

Debenhams is in discussions to anchor Genr8 Developments and Kajima Partnership’s shopping centre (pictured) in Rochdale.
Dilapidations housekeeping aims to prevent future disputes

11 May 2012

Adherence to new rules could reduce court costs. Sarah Townsend reports
Dover development scheme approved

11 May 2012

Developer BondCity Limited’s £20m regeneration project in the centre of Dover was given planning consent by Dover District Council last night.
DP World’s ship comes in at London Gateway

11 May 2012

Port operator close to signing first occupier at £1.5bn Thames Estuary scheme
DTZ swaps Soho for Mayfair

16 May 2012

DTZ is preparing to move its West End office from Soho back to the heart of Mayfair, PropertyWeek.com can reveal.
End of 1980s era of investment banking

11 May 2012

Ian Marcus’s departure from Credit Suisse’s property team marks the end of a generation of UK real estate investment bankers who started work in the 1980s, writes James Whitmore.
Facebook London HQ to be sold

14 May 2012

Facebook’s London headquarters has been put up for sale for offers exceeding £65m, or a yield of 5.25%.
Facelift for Manchester Corn Exchange

11 May 2012

Aviva Investors aims to revitalise Manchester Corn Exchange into a boutique, high-end fashion centre (pictured).
Full marks to M&S at Welsh retail park

11 May 2012

Marks & Spencer has signed to anchor Hammerson’s 150,000 sq ft retail extension of the Cyfarthfa Retail Park in Merthyr Tydfil, Wales.
Get into NPPF spirit

11 May 2012

Sir, Alastair Stewart’s column certainly added to the National Planning Policy Framework debate (professional, 27.04.12).
Glanmore fund given three-month grace

11 May 2012

The £578m Glanmore Property Fund has been given a three-month grace period to refinance £392m of debt that matured in April.
Government growth fund spends £200,000 on each new job

11 May 2012

The government’s regional policy has come under fresh attack today after it emerged that it has spent as much as £200,000 on each job created through its flagship Regional Growth Fund.
GPE sells more than £100m of property

15 May 2012

Great Portland Estates has sold three properties for more than £100m as it continues to recycle capital into its major London development projects.
GPE sells over £100m of property

15 May 2012

Great Portland Estates has sold three properties for more than £100m as it continues to recycle capital into its major London development projects.
Grainger opens another chapter of Wards Corner saga

11 May 2012

Grainger this week resubmitted revised plans for a £60m redevelopment of historic buildings and a market in north London.
Green light for Essex retail scheme

11 May 2012

Planning permission has been granted for a 70,000 sq ft out-of-centre retail scheme in Maldon, Essex.
GVA swaps debt to quash doubt

11 May 2012

Lloyds Development Capital to take 30% stake by 2014
Hammerson signs cinema anchor for Centrale extension

16 May 2012

Hammerson has signed Showcase Cinema de Lux as an anchor for its £50m leisure extension at Centrale, Croydon.
Henderson to lay debt-heavy property fund to rest

11 May 2012

Henderson Global Investors is to wind up its highly leveraged regional property fund, Caspar. The decision will result in the UK’s largest mixed portfolio sale for three years.
High demand from high-tech in London

11 May 2012

Technology and media companies are looking for more than 200,000 sq ft of central London office space, as the sector continues to grow.
Highly Commended: Cotton Quarter - Warren Rosing Architects, Bi and Concius Consultants

11 May 2012

The team said the site “lacked a sense of space”.
Highly Commended: High Security with a Human Face - Kinetique

11 May 2012

High Security with a Human Face: Kinetique
Ikea in running for Manchester ITV site

11 May 2012

Landprop Holdings, part of the Inter Ikea Group, is among the parties interested in acquiring ITV’s 13.5 acre Quay Street site in Manchester.
Invesco makes €83m purchase in Germany and Sweden

11 May 2012

Invesco Real Estate has acquired two logistics properties in Germany and Sweden.
Investment bunch marks 40 years of mothers’ meetings

11 May 2012

To be a fly on the wall is an eager young surveyor’s dream, but don’t wait up for an invite to the Mothers’ Bunch Investment Club.
Investors not crossing street for ITV site

11 May 2012

Lukewarm interest for historic Quay Street scheme. David Hatcher reports
Irish investor loses £134m portfolio fight

16 May 2012

Receivers will shortly be appointed to sell a 47-property portfolio owned by one of Ireland’s most influential investors that was once valued at more than £200m.
It’s steady as she goes for those who can find finance

11 May 2012

Perhaps the most positive news for property investors during the first quarter of this year was the introduction of the Government Loan Guarantee Scheme, which will reduce interest costs for investment loans.
Jaguar Land Rover expands into Ellesmere Port

11 May 2012

Jaguar Land Rover has today confirmed it will occupy almost 400,000 sq ft of space at the Phoenix scheme owned by Highcross in Ellesmere Port, Cheshire.
JLL retained by Proctor & Gamble

15 May 2012

Jones Lang LaSalle has extended its facilities management contract with Proctor & Gamble by another five years.
JLL’s Johnson finds his niche in B8

11 May 2012

Steve Johnson (pictured), Jones Lang LaSalle’s director of industrial in the north-west, last month resigned to join specialist firm B8.
John Lewis seeks West End space

15 May 2012

The John Lewis Partnership is searching London’s West End for 50,000 sq ft of offices, after choosing to relocate its depot to unlock a development site in Chelsea.
Kate Spade digs Westfield

11 May 2012

Kate Spade has agreed a lease to open its first UK shopping centre store at Westfield London in Shepherd’s Bush.
Kent empty homes

11 May 2012

Sir, TV presenter George Clarke is right that financial assistance is crucial to bring empty homes back into use (residential, 27.04.12).
Koreans complete £165m City debut

14 May 2012

A Korean pension fund has completed its £165m debut into the UK investment market with the purchase of an office in the City of London.
Landlords count the cost of Clinton

11 May 2012

Owners will struggle to recoup retailer’s high rents if stores close
Landlords hit in Clinton's collapse

11 May 2012

Owners will struggle to recoup retailer’s high rents if stores close
Lend Lease Europe chief returns to Australia

15 May 2012

Lend Lease has today announced that its EMEA chief executive Dan Labbad is to return to a new role in Australia.
Lend Lease Europe chief returns to Australia

15 May 2012

Lend Lease has today announced that its EMEA chief executive Dan Labbad is to return to a new role in Australia.
Lenders extend £1.2bn Citi tower loans

15 May 2012

Banks owed £1.2bn by the owners of the Citi tower in Canary Wharf have extended the debt until the autumn, as a strategy for the valuable but heavily indebted building continues to be sought.
Lenders extend £1.2bn Citi tower loans

15 May 2012

Banks owed £1.2bn by the owners of the Citi tower in Canary Wharf have extended the debt until the autumn, as a strategy for the valuable but heavily indebted building continues to be sought.
Lexi administrators obtain Pakistan freezing order

15 May 2012

KPMG, the administrators of collapsed property company Lexi Holdings, has made progress in tracking down millions of pounds owed to creditors, TheBusinessDesk.com reported today.
Liquidation sales for €6bn German fund

11 May 2012

Investor redemption requests prompt dissolution of ImmoInvest portfolio
Livesey wins Norfolk consent

14 May 2012

Developer PJ Livesey has won planning permission for a £15m scheme in Norfolk, TheBusinessDesk.com reported today.
Livingstone flagship sale

11 May 2012

The billionaire Livingstone brothers are selling one of their flagship London buildings before a debt deadline in October.
London & Stamford cleans up with £64.4m Unilever purchase

11 May 2012

London & Stamford Property is poised to buy its second property in the south-east in as many weeks.
London lifts LandSecs

16 May 2012

Central London was the star that helped Land Securities outperform market expectations in 2011, but retail and the company’s assets in this sector continued to lag.
London strength helps LandSecs

16 May 2012

Central London was the star that helped Land Securities outperform market expectations in 2011, but retail and the company’s assets in this sector continued to lag.
Lunson Mitchenall poaches back Knight Frank's head of retail agency

15 May 2012

Lunson Mitchenall has poached back Knight Frank’s head of retail agency, Nigel Thompson.
Manchester Arena may be sold

11 May 2012

Loan maturity next year prompts exploration of options. David Hatcher reports
Mansion tax will cripple businesses, not wealthy buyers

11 May 2012

Sir, From next April, the so-called mansion tax of up to £140,000 a year will be payable, and capital gains tax will extend to overseas entities that realise capital gains from the sale of residential property (feedback, 30.03.12).
Marcus brings little black book to Evans

11 May 2012

Yorkshire-based property group’s new MD hopes to tap into his contacts
Midweek Bulletin: LandSecs outperforms market expectations

16 May 2012

Land Securities, the UK’s largest property company, today revealed positive annual results despite the gloomy economic outlook.
Mind Europe’s widening $182bn debt gap, warns DTZ

11 May 2012

Forthcoming regulations mean property debt gap will more than double over next two years
MWB sells Bistro du Vin sites

17 May 2012

MWB Group has sold its two Bistro du Vin restaurants in London to the growing Burger and Lobster restaurant chain for £1.2m.
My property journey: Starboard’s Adi Hodzic

11 May 2012

Bosnia-born Hodzic reveals his fight to finish his education. Sarah Stewart reports
Narnian nonsense

11 May 2012

Sir, While watching The Voyage of the Dawn Treader with my son, I was forcibly struck by the uncanny resemblance between the heroic young firebrand warrior, Edmund Pevensie of Narnia, and Property Week’s very own heroic young firebrand scribbler, Nick Johnstone.
Need to know: £100m fund for Manchester

11 May 2012

In March the Greater Manchester Local Enterprise Partnership and the 10 councils that make up the Greater Manchester region invited projects for its £100m fund.
Need to know: EU funding furore

11 May 2012

MPs are evaluating a European Union funding programme for regenerating deprived areas, in an attempt to make the process less bureaucratic. Sarah Townsend reports
Need to know: Peacocks’ position

11 May 2012

As a result of heavy borrowing rather than poor trading, value clothing retailer Peacocks, which made Wales its home in the 1940s, fell into administration in January 2011. By this time, its total debt had spiralled to £700m.
New appointment boosts Bridgwater Gateway scheme

11 May 2012

Miller Turner Investments has brought in Phil Wade of Katmar Properties as senior development surveyor to help deliver the Bridgwater Gateway scheme at junction 24 of the M5 in Somerset.
No dice for Pearl's bronzes

11 May 2012

After Channel 4’s documentary about the Shard last week, the broadcaster’s love-in with property continued apace on Wednesday, with Structadene chief David Pearl popping up on our screens.
Office spots vie for podium

11 May 2012

Knight Frank hopped, skipped and jumped on the Olympics bandwagon for its M25 market breakfast at London’s Dorchester hotel last week.
Orega signs deal to manage Moorgate offices

17 May 2012

Serviced office provider Orega has agreed a deal to manage 17,400 sq ft of office space at 101 Finsbury Pavement in the City of London.
People Moves: 11 May

11 May 2012

Ryden has promoted Kenny Macpherson and Paul Richardson to the partnership
People Moves: Ryden, Salmon Harvester Properties, Carter Jonas, Olswang and more...

11 May 2012

Ryden has promoted Kenny Macpherson and Paul Richardson to the partnership
Piccadilly Circus development site up for sale

14 May 2012

A prominent office development site on Piccadilly Circus has been put on the market by Natwest, its owner-occupier.
Podcast: DTZ's Colin Wilson - first interview after taking UK & Ireland helm

14 May 2012

In the latest Property Week Podcast, DTZ’s Colin Wilson gives his first interview since taking the helm of the company’s UK & Ireland business.
Private sector development on the rise

11 May 2012

The level of commercial development activity rose for the second successive month, a report published today claims.
Property Week Digital Edition - 11 May 2012

11 May 2012
PRUPIM appoints Asia CEO to its board

10 May 2012

Real estate fund manager Prupim has appointed Scott Girard, the chief executive of its Asian business, to its UK board.
Public-private union is vehicle for success

11 May 2012

Public spending cuts are proving a barrier to effective regeneration. But a new report reveals the benefits of a partnership model between the public and private sector — where the risks and rewards of a venture are shared — cannot be underestimated.
Q+A: Airport City says ‘come fly with me

11 May 2012

MAG Developments will embark on its search for a development and funding partner for its 5m sq ft Airport City project in the south of Manchester this summer. David Hatcher has a progress report from John Atkins, MAG’s managing director
Q+A: St Modwen’s Rupert Joseland

11 May 2012

St Modwen is regenerating two sites in south Wales.
Rank in £205m Gala Casino deal

14 May 2012

Rank Group has agreed to acquire Gala Casinos for £205m, creating the largest casino operator in the UK.
Receivers appointed to £75m Oxford Street block

11 May 2012

Receivers have been appointed to a highly contested £75m Oxford Street block owned in a joint venture by David Pearl’s Structadene and a private Middle Eastern investor.
REIT managements face punishment from investors

11 May 2012

US baseball veteran “Yogi” Berra once said of a game: “It’s deja vu all over again.” Are REIT shares about to repeat 2011’s “year in two halves”?
RESI Awards 2012: full list of winners and photos

16 May 2012

Berkeley Group’s legendary chairman Tony Pidgley was last night named Personality of the Year at Property Week’s inaugural RESI Awards.
RESI Awards 2012: full list of winners and photos

16 May 2012

Berkeley Group’s legendary chairman Tony Pidgley was last night named Personality of the Year at Property Week’s inaugural RESI Awards.
Residential land values flatten out

14 May 2012

A report by Knight Frank has suggested the average value of residential land in the UK remained flat in the first quarter of 2012, following a 1.3% rise in the final three months of 2011.
Retail warehousing comes under the cosh

11 May 2012

Prime yields edged up to 5.78% in April, when retail warehouses were the sector most under pressure.
Revealed: Clinton Cards stores at risk of closure

17 May 2012

Property Week can today reveal a list of 345 Clinton Cards and Birthdays stores deemed ‘non-core’, which is expected to form the basis of the stores to be closed next week.
Revealed: full list of Clinton Cards stores most at risk of closure

17 May 2012

Property Week can today reveal a list of 345 Clinton Cards and Birthdays stores deemed ‘non-core’, which is expected to form the basis of the stores to be closed next week.
Royal Mail proposes 1m sq ft in Clerkenwell

14 May 2012

Royal Mail is drawing up plans for a huge office and residential scheme of up to 1m sq ft at its Mount Pleasant sorting office in London’s Clerkenwell.
Rugby Estates to be wound up "in next few months"

17 May 2012

David Tye’s Rugby Estates is likely to be liquidated “within the next few months”, the company said today.
Santander €2.7bn property hit

14 May 2012

Spanish banking giant Santander is to take a €2.7bn write down on its Spanish property loan book, as the country’s government continues to battle its property banking crisis.
Santander to take €2.7bn property hit

14 May 2012

Spanish banking giant Santander is to take a €2.7bn write down on its Spanish property loan book, as the country’s government continues to battle its property banking crisis.
Shortlisted duo cotton on to BCO Manchester design contest

11 May 2012

Judges will choose winner at conference on 24 May. Emma Haslett reports
Shortlisted duo cotton on to BCO Manchester design contest

11 May 2012

Judges will choose winner at conference on 24 May. Emma Haslett reports
Shortlisted: Cotton Quarter - Crea8architecture and Harley Haddow

11 May 2012

The entry from architect Crea8architecture and consulting engineer Harley Haddow uses “passive design” principles, which means using the fabric of the building to heat and cool it, rather than air conditioning or central heating.
Shortlisted: CottonOn -Tilney Shane, Medland Metropolis and BG2

11 May 2012

Architect Tilney Shane collaborated with engineering firm Medland Metropolis and building sustainability company BG2 Global Solutions on this entry.
Show goes on in Manchester

11 May 2012

There has been much talk in Manchester about the next occupier for Ask Developments’ Number One office building.
Singapore’s GIC turns to lending

11 May 2012

Singapore’s sovereign wealth fund, GIC, is considering entering the senior debt market to fill the gap for property lending left by the banks.
Singer irons out hangar let

11 May 2012

Iron Maiden singer Bruce Dickinson (pictured) is to set up a business in one of Wales’s enterprise zones
Steve Morgan increases Redrow ownership to 40%

15 May 2012

Steve Morgan, chairman of Redrow, is set to increase his ownership of the house-builder to more than 40% following a meeting of shareholders today.
SuperGroup reports "disappointing" fourth quarter

10 May 2012

SuperGroup reported flat like-for-like sales in the 13 weeks to 29 April in an interim trading statement posted this morning.
Terrace Hill stores up food schemes

11 May 2012

Terrace Hill is having success with its strategy for its food store portfolio — one of the few stable sectors of the property market.
The Battersea battle

11 May 2012

Dreams are free, reality costs money!
The Hot 100 - LAST CALL for nominations

11 May 2012

Nominations for Property Week’s Hot 100 – the list of under-35s to watch in the real estate market – will close this Friday.
The next Google or Microsoft will be made in Salford

11 May 2012

We have been a long-term investor in Salford Quays since 1985. However, it is less than five years since we began the construction of Media City UK.
The Property Lexicon

11 May 2012

Bifurcation /’baif?rkei??n/n. Coinage adopted when the phrase “two-tier market” begins to sound uninspired.
The Property Week Magazine Tablet App | Available on your iPad and Android

23 May 2012

The Property Week tablet app offers the weekly magazine content plus up-to-date commercial property news, best reports from the year and key industry stories selected by our editorial team. Available for iPad and Android.
Trafford Park’s new owners to tackle 25% void rate

11 May 2012

Harbert and Canmoor will this month complete a £200m purchase of a portfolio of Segro assets.
UNITE sales continue apace

15 May 2012

Student group Unite is on track to sell up to £150m of assets in 2012, and has more than £50m sales complete or underway.
US firm adds Insite to asset manager

11 May 2012

Insite Asset Management has formed a strategic alliance with US advisory and valuations firm GS Realty Group to find, purchase and manage retail and leisure properties across Europe for third-party clients.
Valuation gains boost Grainger NAV

17 May 2012

Net asset value at residential specialist Grainger rose by 3.4% in the six months to the end of March, the company reported today.
Wales attempts its own planning reforms

11 May 2012

The Welsh government has concluded its own review of planning, following the adoption on 27 March in England of the National Planning Policy Framework (NPPF). It will now begin work on publishing its feedback on an overhaul of the planning systems in place in Wales.
Warner to sell in the City

14 May 2012

Warner Estate Holdings has exchanged contracts to sell a City of London office as it continues to battle to pay down debt.
Welsh government slammed over enterprise zones

11 May 2012

Addition of two extra zones but no further funding is panned by industry. Sarah Stewart reports
Westfield reveals Whitgift plans

16 May 2012

Westfield has submitted a pre-application proposal for the redevelopment of Whitgift shopping centre in Croydon.
Westfield Stratford hits £500m sales

16 May 2012

Sales at Westfield Stratford are close to £500m after eight months of trading, the Australian developer has revealed.