All Property Week articles in 13 April 2007
View all stories from this issue.
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News
House price inflation hits four-year high
Asking prices for houses have risen at their fastest pace in five years, a survey by property website Rightmove has shown today. The Times.
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Online
Ahouvi and Quinlan in £1.1bn hotel deal
Israeli investor Igal Ahouvi has teamed up with Quinlan Private and Delek Real Estate to buy a £1.1bn Marriott hotel portfolio.
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Online
Bid approach for Erinaceous
Erinaceous, the listed property services firm, has received a takeover approach from private equity company 3i.
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News
Hands measures up Boots
Guy Hands has begun due-diligence work on a £10bn bid for Alliance Boots. The Times.
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News
Erinaceous MBO
Property services group Erinaceous may receive a management buyout bid backed by 3i, the private equity group, which could value the company at up to £375m. The Times.
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News
Occupiers face West End rent hikes
Hedge funds and other West End office tenants whose leases are due for renewal this year could face rises of 30% on average. Daily Telegraph.
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News
£500m Intercontinental hotels up for sale
Goldman Sachs has placed a portfolio of 46 Intercontinental hotels, owned by its Whitehall Fund, up for sale with a price tag of £500m. Sunday Times.
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News
Quinlan buys £1.1bn of Marriott hotels
A consortium led by Quinlan Private has bought 47 Marriott hotels for £1.1bn from the Royal Bank of Scotland. Financial Times.
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News
Home information packs? Fine
The Law Society has added its voice to the opposition home information packs, which become mandatory on 1 June. Sunday Telegraph.
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News
Tesco property profits rocket
Tesco is this week expected to announce in its full-year results profits of as much as £135m from its property division. Sunday Telegraph. The Observer.
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News
Tchenguiz proposes Sainsbury's split
Robert Tchenguiz has tabled an 'op-co/prop-co' split to the board of Sainsbury's that would return more than £4bn to shareholders. Sunday Times. Independent on Sunday.
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News
Four in race for Bupa’s £1.2bn hospitals
Bupa has invited four prospective buyers to bid for its £1.2bn portfolio of 26 hospitals. Independent on Sunday
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Online
CBRE swoops for north-west sheds stars
CB Richard Ellis has bought highly-rated Warrington-based industrial agency DGi Davis George.
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Online
LandSecs lines up RBS at Bankside complex
The Royal Bank of Scotland is in talks to take the remainder of Land Securities’ Bankside office complex on the south bank of the river Thames
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Online
PropInvest primed for Wolves retail feast
Glenn Maud’s PropInvest is in talks to buy Prupim’s Mander Centre in Wolverhampton for around £150m
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News
Carpetright sales slip
Carpetright, Britain’s largest carpet retailer, issued a profit warning yesterday after announcing a fall in like-for-like sales of 5.2% this year. Daily Telegraph.
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News
Balfour-Lynn reveals £2.5bn hotel REIT plans
Richard Balfour-Lynn, the head of Marylebone Warwick Balfour, and Sir David Michels, former chief executive of Hilton Group, have teamed up with Bank of Scotland and the Royal Bank of Scotland to float a hotel REIT worth £2.5bn. The Times
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News
Krispy Kreme comeback
After falling out of food fashion and suffering falling sales, doughnut retailer Krispy Kreme appears to be making a comeback with expansion plans. The Independent.
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News
Sports Cafe to open smaller bars
Sports Cafe is to try to open bars on smaller sites in an attempt to stem losses that grew to £1.7m last year. Financial Times.
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News
Apollo ups stakes for Countrywide
US private equity group Apollo yesterday raised its offer for Countrywide,UK’s biggest chain of estate agents, from 590p to 617p a share. Financial Times.
