13 April 2012

Property Week

View all stories from this issue.

Mountgrange aims to clean up in waste-to-energy sector

13 April 2012

Fund to transform unloved sites into energy plants starting with Network Rail sites
Air of uncertainty over Deeside’s allowances

13 April 2012

North Wales enterprise zone granted economic boost, but still awaits details. Paul Unger reports
Air of uncertainty over Deeside’s allowances

13 April 2012

North Wales enterprise zone granted economic boost, but still awaits details. Paul Unger reports
All square in Fulham

13 April 2012

London Square has won planning permission to develop 40 townhouses in Fulham, around a new residential square on a 2 acre site (pictured).
Allowance cap sparks regeneration trepidation

13 April 2012

Large-scale projects could be ineligible for tax relief under new rules. Sarah Townsend reports
Allowance cap sparks regeneration trepidation

13 April 2012

Large-scale projects could be ineligible for tax relief under new rules. Sarah Townsend reports
Aquascutum collapses into administration

17 April 2012

Luxury fashion brand Aquascutum has collapsed into administration with FRP Advisory being appointed to handle the administration.
Aquascutum to close Corby factory

19 April 2012

Retailer Aquascutum is to close its factory in Corby following its collapse in to administration on Tuesday.
Architectural gems enrich Square Mile, but more must be done

13 April 2012

The interest and concerns of a City of London property owner are many and varied. He or she is interested in macro-economic issues and regulation. It was, after all, deregulation in the 1980s that prompted the biggest change in the City office market for decades.
Argent chiefs push towards Battersea finish line

13 April 2012

They have turned King’s Cross from dodgy London backwater into a des res location. Now Argent’s chiefs are, quite literally, pushing south of the Thames.
Australian rugby legend Lynagh suffers stroke

19 April 2012

Legendary Australian rugby hero Michael Lynagh was this morning said to be stable after suffering a stroke on Monday night.
Big switchover: moving from agency to client

13 April 2012

Two years ago Julian Stocks was running the UK capital markets business at Jones Lang LaSalle.
BNP Paribas confirms real estate move to King's Cross

17 April 2012

BNP Paribas has confirmed that it will move its real estate team to the office block it has bought at the King’s Cross redevelopment, as revealed by Property Week in November 2010.
Boris and Ken outline plans

13 April 2012

London’s mayoral candidates outlined their election manifestos this week.
Brockton’s £1bn Pearl treasure

13 April 2012

Structadene chief forms partnership to recapitalise 700-strong property empire with fund manager
Brockton’s £1bn Pearl treasure

13 April 2012

Structadene chief forms partnership to recapitalise 700-strong property empire with fund manager
Browns relocates to southern end of Sloane Street

12 April 2012

Fashion boutique Browns has signed to open a store at the southern end of Sloane Street, in London.
Budget hotels give bang for buck

13 April 2012

Travelodge takes steps to refinance debt as rival Premier Inn advances and new names enter sector. Rachel Hunter reports
Burberry plans further global expansion

17 April 2012

Burberry today said it plans to increase its retail floor-space by 12-14% over the next year - especially in emerging markets and tourist locations.
BuyMyWardrobe to open in London's Portman Village

19 April 2012

BuyMyWardrobe, the second-hand designer fashion retailer, has signed to open a shop in Portman Village, London.
Cap & Reg's Mall properties fall in value

18 April 2012

The value of the properties in Capital & Regional’s flagship Mall shopping centre fund suffered a 2% drop in the first quarter, reflecting tough conditions in the retail market.
CapCo welcomes council negotiations on Earls Court development land

16 April 2012

Capital and Counties has welcomed a cabinet report by Hammersmith and Fulham Council which “shows good progress” is being made on negotiations over the council’s land for its Earls Court development.
Carlyle takes student course

13 April 2012

Carlyle has launched a student accommodation brand as it seeks to increase its exposure to the sector.
CarVal and Canmoor buy 180,000 sq ft Croydon block

16 April 2012

CarVal Investors, the credit investment group, and Canmoor, have bought a 180,000 sq ft office block in Croydon for approximately £10m.
CBRE executive director quits for LandSecs

17 April 2012

An executive director in CBRE’s City of London leasing team is to join Land Securities after 28 years with the agency.
CBRE hires DTZ Scotland big gun

16 April 2012

CBRE has poached DTZ’s regional chairman, based in Scotland, to chair a newly formed “regional development board”, PropertyWeek.com can reveal.
Change of use could be class idea to grace Liverpool

13 April 2012

Poor office figures suggest famous waterfront offices are ripe for conversion. Paul Unger reports
Chinese billionaire property developer denies bribery

18 April 2012

Joseph Lau, the billionaire owner of Chinese Estates, has denied allegations that he paid a bribe to Macau’s former secretary of transportation and public works, Ao Man-Long.
City, financial services and regulation key to UK’s survival: City Property Association's annual luncheon

13 April 2012

The City Property Association teamed up with Property Week for its annual luncheon, at the City’s Guildhall Great Hall on 27 March.
Clinton Cards lining up KPMG to advise on restructuring

12 April 2012

Clinton Cards is understood to be lining up KPMG to advise on its ongoing restructuring plans.
Colliers International: Australian Hotel Investment - Q1 2012

18 April 2012

The hotel sector delivered the greatest total return of all commercial assets for 2011, according to the latest IPD Commercial Property Index. The sector showed a total return of 17.8% for the year.
Colliers International: Philippine Property Market - Q4 2011

1 February 2012

The Philippine economy grew by 3.2% in the third quarter but decelerated for the third consecutive period in 2011.
Colliers International: Sydney Central Business District - H2 2011

1 February 2012

Foreign and domestic investors have begun to return to the Sydney CBD office market, after a slow start to the year which saw no major investment sale transaction take place during Q1 2011.
Colliers International: Taipei Real Estate Market - Q4 2011

15 February 2012

GDP growth rate in 4Q 2011 was only 1.90% and resulted in advance estimate of 2011 GDP growth rate to be 4.03%.
Commercial property development on the rise

13 April 2012

Commercial development activity grew for the first time in nine months, according to a report published today.
Conygar granted permission for Welsh Marina

17 April 2012

Conygar has been granted outline planning permission for a 450 berth marina development at Fishguard, Wales.
Corporate breakup sees Cannon Place lose first letting

19 April 2012

The company lined up to be the first tenant at Hines’ Cannon Place office in the City has pulled out of the deal after its corporate expansion fell through.
Crown Estate steps back from Pall Mall gentleman's club plan

13 April 2012

The Crown Estate last night stepped back from plans to debut a new “gentleman’s club” themed restaurant and wine bar concept, led by the former chief executive of Searcy’s, on London’s Pall Mall.
Cushman & Wakefield Investors buys in Cornwall and London

16 April 2012

Cushman & Wakefield Investors has bought two properties for its West Sussex Pension Fund for a total of £19.4m.
Debenhams signs for major new anchor store in Shrewsbury

19 April 2012

UK Commercial Property Trust has secured Debenhams to anchor its £150m New Riverside scheme in Shrewsbury.
Debenhams to anchor Queensbury's Newport scheme

19 April 2012

Debenhams has today confirmed that it will anchor Queensbury Real Estate’s Friars Walk development in Newport with a 93,000 sq ft department store.
Deka buys £110m West End office block

19 April 2012

Deka Immobilien has made its second purchase of a large London office building in less than a month, with a £110m off-market deal.
Deka buys £110m West End office block

19 April 2012

Deka Immobilien has made its second purchase of a large London office building in less than a month, with a £110m off-market deal.
DevSecs appointed on Cambridge University research scheme

18 April 2012

Cambridge University has appointed Development Securities as development manager on a 110,000 sq ft science park project.
Dispute cases rocket

13 April 2012

The number of High Court landlord and tenant disputes has leapt 18-fold since the credit crunch, new figures reveal.
Don’t rely on the market: asset managers need to be proactive

13 April 2012

I read two quotes recently, which I felt had some resonance to the commercial property sector: the first was from Peter Lynch, a renowned US fund manager.
DTZ and Cushman & Wakefield win Green Park mandate

18 April 2012

DTZ and Cushman & Wakefield have been appointed as letting agents on Green Park business park in Reading, and Campbell Gordon has been retained.
DTZ Research: Seoul - Q3 2011

14 November 2011

Real GDP growth has slowed since 2010 4Q (4.7%) and was 3.4% during 2011 3Q. During this quarter CPI was 122.5, rising 5.3% y-o-y due to pressure from the demand side, such as rising inflation expectations and price pressures in the service sector.
DTZ Research: South East Asia - Q1 2012

18 April 2012

Despite a slight improvement in sentiment in Q1 2012 as the eurozone debt crisis appears to have eased for now, real estate investments in South East Asia (Malaysia, Singapore and Thailand) fell about 46% quarter-on-quarter (q-o-q) in Q1 as investors remained cautious of global economic uncertainties and rising business costs.
Even two is a crowd for Cheshire West

13 April 2012

The retail property community is waiting to see if Cheshire West & Chester Council follows through with plans to develop two large retail schemes on its own, following the termination of agreements with Wilson Bowden Developments and ING Real Estate.
Focus, people — specialised property companies produce bigger returns

13 April 2012

Market watchers will be keeping a close eye on Hammerson following its bold decision to focus entirely on the retail sector. Giving up a lifetime of diversification will not have come easily.
Former London & Regional director launches £1bn fund

18 April 2012

Queensgate Investments, a new private equity real estate fund manager set up by Jason Kow and LJ Investment Group, has launched a £1bn fund to buy properties in the UK and Europe.
Former London & Regional director launches £1bn fund

18 April 2012

Queensgate Investments, a new private equity real estate fund manager set up by Jason Kow and LJ Investment Group, has launched a £1bn fund to buy properties in the UK and Europe.
Game to plead with landlords for rent cuts

13 April 2012

Harvey Spack Field and Lunson Mitchenall appointed by new owner OpCapita
GIC and Orchard Street create £200m UK fund

16 April 2012

GIC Real Estate, the property investment arm of the Government of Singapore Investment Corporation, has teamed up with Orchard Street Investment Management for a second time to buy £200m of UK property.
GLA begins hunt for residential development partners

16 April 2012

The Greater London Authority (GLA) has kicked off a search for developers to join a new housing procurement panel aimed at accelerating the sale of its land and property holdings in the capital.
Government pushes forward plans for social housing REITs

13 April 2012

Consultation launched to encourage providers to convert or launch by next year
Green light for last phase of 780-flat Thames Barrier scheme

19 April 2012

Barratt Homes, Taylor Wimpey and the London Development Agency have been given the green light for the final phase of their 780-apartment scheme next to London’s Thames Barrier.
Grosvenor hopes to regain Paradise lost to Zavvi in 2009

13 April 2012

Plans are due to be submitted by Grosvenor at the end of April to tackle a problematic store in the centre of Liverpool One, left vacant when music retailer Zavvi closed in 2009.
Grosvenor valued at nearly £3bn after strong annual performance

17 April 2012

The value of Grosvenor, the Duke of Westminster’s property group, increased by 8% to £2.86bn last year.
Hammerson plans €200m bond buy-back

19 April 2012

Hammerson is planning to buy back €200m of bonds in order to better manage its short term debt maturities.
Hammerson's gaff pane

13 April 2012

It is almost three years since a window pane fell from 125 Old Broad Street in the City of London.
Harry Potter and the Development Manager

13 April 2012

Landid co-founders Trevor Silver and Stephen Morgan were tasked with working their development magic on the creation of Warner Bros’ Harry Potter film studios visitor attraction in Watford. Sarah Stewart reports. Photographs by Tim Foster
Harry Potter and the Development Manager

13 April 2012

Landid co-founders Trevor Silver and Stephen Morgan were tasked with working their development magic on the creation of Warner Bros’ glossy Harry Potter film studios visitor attraction in Watford. Sarah Stewart reports. Photographs by Tim Foster
High-end Russian landlord to list in London

18 April 2012

O1 Properties, which owns $2bn of offices in Moscow, is planning to list on the London Stock Exchange.
Home win for Cushman

13 April 2012

Italy was Cushman & Wakefield’s top-performing European country last year, despite it being at the centre of the eurozone debt crisis.
How Hammerson will disentangle itself from London offices

13 April 2012

REIT’s £600m portfolio is likely to be sold piecemeal. Mike Phillips reports
Hussey unveils Centre Point vision

21 April 2012

Almacantar, the Agnelli family-backed developer run by Mike Hussey, has today unveiled its first sketches of the proposed scheme at London’s iconic Centre Point.
Infrared’s second $700m bite of Chinese market

13 April 2012

Opportunistic fund will invest in residential and retail and target 20% returns
Inside the deal … GVA finds new niche

13 April 2012

The acquisition of niche agency Dixon Webb by GVA in March is the latest agency consolidation in the region. Paul Unger reports
Inside the deal: GL Hearn and Philip Long & Co

13 April 2012

Last week, professional services firm GL Hearn bought ratings specialist Philip Long & Co. Property Week spoke to Brian Sloggett, GL Hearn’s managing director, to find out more.
IO founder John Sims makes industrial comeback

18 April 2012

John Sims, the pioneer of multi-let industrial property investment, is making a comeback with backing from Grosvenor, the Duke of Westminster’s property group.
IPD: values drop for fifth consecutive month

17 April 2012

Commercial property values continued to fall in the three main sectors in March, according to the latest IPD UK Monthly Index.
Jamie Oliver to open in Covent Garden

17 April 2012

Jamie Oliver will open his fifth Union Jacks restaurant in London’s Covent Garden, it was announced today.
KanAm to regear City lease

13 April 2012

German fund manager KanAm is in talks with tenant Deutsche Bank to regear the bank’s lease at Winchester House in the City of London and aims to bring the building back to the market this autumn.
Knight Frank: Bangkok Office Market - Q1 2011

29 April 2011

The Bangkok office market has been experiencing low demand for office space since late 2006, buildings which have launched during this time have been, and indeed are, struggling to fill their towers, whereas properties built before this time are well occupied.
Knight Frank: Greater China Yearly Property Review - 2011

18 April 2012

Over 2011, the Mainland government introduced a number of buying restrictions to help curb the rise in home prices. In Beijing, non-local buyers were required to present evidence of social security and income tax payments covering a minimum of five continuous years since February.
Knight Frank: Hyderabad Office Market - September 2011

28 October 2011

Hyderabad office market has emerged largely unaffected by the political agitation in the region.
L&G to add 57,000 sq ft to Midsummer Place

18 April 2012

Legal & General Property is planning a £15m extension to Midsummer Place Shopping Centre in Milton Keynes, the fund manager announced today.
Lack of investment activity masks upward pressure on yields

13 April 2012

Prime yields were broadly stable at an average of 5.76% in March, but three subsectors — smaller market town retail, secondary retail and regional out-of-town offices — were under increasing pressure.
LandSecs sells out to partner Gazeley

13 April 2012

Land Securities has sold a 50% stake in the Magna Park industrial park in Milton Keynes to its joint venture partner Gazeley for around £20m.
Leeds gets biggest office letting of past 12 months

17 April 2012

Law firm Dickinson Dees has confirmed its relocation from York to Leeds, after agreeing to take 17,000 sq ft of space at No 1 Whitehall Riverside, in the city’s biggest office letting since last March.
Lola & Grace to open second store at Brent Cross

16 April 2012

Jewellery brand Lola & Grace has signed to open its second store at Hammerson’s Brent Cross Shopping Centre in north London.
London cafes to get star treatment for big bucks

13 April 2012

Starbucks is investing £8m in the renovation of some of its top London cafes ahead of the Olympics.
London’s super-sewer ordure

13 April 2012

Opposition to a planned £4bn “super-sewer” in London has escalated after the government pre-emptively blocked planning permission for any other development at key sites along the Thames.
London’s super-sewer ordure

13 April 2012

Opposition to a planned £4bn “super-sewer” in London has escalated after the government pre-emptively blocked planning permission for any other development at key sites along the Thames.
London's hedge funds "footloose"

19 April 2012

Hedge funds are increasingly looking outside the traditional locations of Mayfair and St James’s for London offices, according to new research by Jones Lang LaSalle, but the West End still remains their preferred location.
Lone Star buys €960m European loan portfolio

13 April 2012

Lone Star has agreed to buy a €960m loan portfolio secured against European properties.
Lowy and Sellar top list of winners at Property Awards 2012

19 April 2012

Frank Lowy and Irvine Sellar were two of the big winners at Property Week’s Property Awards 2012.
Ludgate scores big

13 April 2012

Ludgate returned from a short holiday this week to angry emails from the post room, which had no space to store a giant yellow package, sent by CBRE and Savills.
M&S plans 3% expansion in UK floor space

17 April 2012

M&S has announced plans to increase UK floor space by 3% in 2012/13, with a further increase of 20% abroad, despite a fall in like-for-like sales.
Man U’s London HQ sold

16 April 2012

The West End of London Property Unit Trust has sold Stratton House, where Manchester United’s London office is located, for £166m.
Manage your future with a career for all-rounders

13 April 2012

Deals are a lot thinner on the ground these days.
McAleer & Rushe wins 280,000 sq ft Salford consent

19 April 2012

McAleer & Rushe was this morning granted planning consent for a 290,000 sq ft mixed use scheme in Salford.
Miller Homes to buy Glasgow residential site

19 April 2012

Miller Homes has formed an agreement with Glasgow City Council’s property arm to buy a 54.14 acre site at Crookston Farm.
Moorfield completes £30m Velocity Village purchase

17 April 2012

Moorfield Group has completed the purchase of Velocity Village in Sheffield.
MORNING AFTER: Property Week and Pramerica Investment Network

17 April 2012

Pramerica Real Estate Investor’s head of Europe Eric Adler was the guest of honour at an evening for the property investment community last night.
NAMA St James’s block sold to Norwegians

16 April 2012

A Norwegian shipping and oil family has bought a residential development site controlled by Ireland’s National Asset Management Agency in the St James’s area of London.
Need to know: Smith review of government’s London

13 April 2012

Recent figures show progress has been made in the rationalisation of the civic estate, but the government has disregarded many other recommendations from the 2010 review of public service relocations, published alongside the 2010 Budget by former Reed Elsevier chief executive Ian Smith. Sarah Townsend reports
Need to know: surgery developer’s Assura footing

13 April 2012

Assura began life in 2003 as Medical Property Investment Fund to invest in GP surgeries and pharmacies
New direction for Yorkshire's YES! backer

17 April 2012

A company which was planning to develop a major leisure resort in South Yorkshire is to become an investment vehicle, TheBusinessDesk.com reported today.
NewRiver buys vacant department store to extend Wallsend mall

17 April 2012

NewRiver Retail has bought the freehold of a vacant department store formerly occupied by the Co Op, which is adjacent to it’s Forum Shopping Centre in Wallsend.
Northern Rock loans rolled to US investor

13 April 2012

PIMCO to purchase portfolio once worth £1bn for nearly half price
Oaktree Capital to finance £130m Redditch mall deal

18 April 2012

US private equity firm Oaktree Capital Management is lining up to finance Capital & Regional’s deal to buy the Kingfisher mall in Redditch for around £130m.
Oil and gas fires up F&C Reit in Aberdeen

13 April 2012

Asset manager to pay £95m for three headquarters in UK’s energy capital
Only a stronger housing recovery will propel growth

13 April 2012

Market forces shape housebuilders’ performance despite continued government support. By Richard Donnell
Only a stronger housing recovery will propel growth

13 April 2012

Market forces shape housebuilders’ performance despite continued government support. By Richard Donnell
Patron and TPG win Uni-invest Dutch portfolio battle

17 April 2012

Private equity firms Patron Capital Partners and TPG Capital have won the battle for a €550m portfolio of distressed Dutch properties.
People moves: 13 April

13 April 2012

New recruits, promotions and firms
People moves: Prologis, Henderson Global Investors, Roebuck Capital, Carter Jonas and more...

13 April 2012

Dennis de Vreede
Pidgley among bidders for Fortress Wapping

13 April 2012

Residential grandee Tony Pidgley is among the bidders vying to buy News International’s “Fortress Wapping” site in east London.
Planning reforms will aid development, minister insists

17 April 2012

Decentralisation minister Greg Clark today reiterated hopes that the government’s planning reforms introduced last month will lead to more development, amid concerns that they could do the opposite.
Plans submitted for £70m extension to Eastbourne Arndale Centre

16 April 2012

A joint venture between Legal & General Property and Strathclyde Pension Fund has submitted plans for a £70m scheme that would “transform” the retail offer in Eastbourne.
Podcast: Knight Frank's James Mannix and Alexander Lewis

6 April 2012

Residential development in London should trend towards smaller units in order to create an “investment grade product”, residential experts from Knight Frank said in the latest Property Week podcast.
Pramerica under offer to buy £53m City block

18 April 2012

Fund manager Pramerica is under offer to buy a £53m City of London office block out of receivership.
Progress report: Ashtenne and NWDA’s JV

13 April 2012

Space Northwest was set up to sell NWDA assets. Paul Unger reports on the joint venture
Property Awards 2012: The full list of winners

19 April 2012

Congratulations to all winners and shortlisted parties at this year’s Property Awards 2012 - scroll down to see the full list of winners at the industry’s biggest property event.
Property could suffer 15% stamp duty hike

13 April 2012

British Property Federation in talks with Treasury to highlight tax pitfalls
Property Week Digital Edition - 13 April 2012

13 April 2012
Property Week Podcast: Guy Grainger's retail predictions for 2020

12 April 2012

“Click and collect” will be “completely fundamental” to evey retail location by 2020, Guy Grainger, head of UK retail at Jones Lang LaSalle, said in this month’s Property Week podcast.
Property Week Podcast: Inflation will rise, financial guru Dr David Kuo says

12 March 2012

Inflation will rise this year, despite the claims of the government, Dr David Kuo of financial advice website the Motley Fool said on this month’s Property Week podcast.
Property Week Podcast: Luca del Bono on London's luxury leisure

27 February 2012

Leisure entrepeneur Luca del Bono gave a rare interview to Property Week’s podcast host James Max this week.
Property Week's Property Awards 2012

24 April 2012

Property Week’s Property Awards 2012 was a sell-out event with more than 1,300 of the great and the good of the industry celebrating the year’s successes at the Grosvenor House hotel.
Prospectus aims to reveal Crewe’s true colours

13 April 2012

Cheshire East Council published All Change for Crewe, a development prospectus for the rail town, in March.
Pub company to shed 80 properties

18 April 2012

Spirit Pub Company is to shed 80 pubs, around 10% of its portfolio, TheBusinessDesk.com reported today.
PWTV: Property Awards 2012 Highlights

20 April 2012

Property Week’s Property Awards 2012 saw a sell-out crowd head to London’s Grosvneor House Hotel to celebrate an eventful year for the property industry.
Retailer admins increase in 2012

13 April 2012

The number of retail administrations in the first quarter of 2012 has increased by 15% to 69 compared with the same time last year, as consumer spending continues to flag.
RGI gets consent for 160-bed Moscow hotel

16 April 2012

RGI International has received planning consent from the Moscow government’s Urban Development Committee for a 160-bed hotel in the city centre.
Savills appoints new European retail director

16 April 2012

Savills has appointed Danny Kinnoch to its cross border investment team based in London.
Savills: Guangzhou Retail - 1H 2012

18 April 2012

The current incarnation of Guangzhou’s retail market started in the early 90s, with the development of several state-owned department stores.
Savills: Hong Kong Investment - H1 2012

18 April 2012

The last quarter of 2011 was a turning point for the Hong Kong property market as rents and prices either slowed or went into decline. A poor macro-economic environment, tight credit and low affordability alongside policy risk, conspired to dampen sentiment.
Savills: Hong Kong Retail Sector - February 2012

18 April 2012

For new-to-China brands in particular, their fl agship stores in Hong Kong are designed to build brand recognition among mainland shoppersand trial new lines.
Senior figure sought for £10m Wrexham FC development

19 April 2012

Wrexham Glyndwr University is looking to appoint a senior figure to spearhead a £10m redevelopment of Wrexham FC’s Racecourse Ground, TheBusinessDesk.com reported today.
Simon’s $140m pay bonanza

13 April 2012

Simon Property Group chief executive David Simon has agreed a lucrative eight-year employment contract worth more than $140m.
South Yorkshire councils set up development fund

19 April 2012

A £20m fund to invest in property and green infrastructure projects is to be set up in South Yorkshire, TheBusinessDesk.com reported today.
Spanish property spooks markets

13 April 2012

Spain’s property sector came into the spotlight again this week, as fears grew that the country’s banks have not adequately provided for losses on distressed loans.
Spot of yachting up for grabs

13 April 2012

Fancy taking the helm of Mike Slade’s huge and rapid yacht, Icap Leopard?
Spring awakens property job market

13 April 2012

Most sectors are recruiting, although, as Hardeep Sandher discovers, only for junior roles
Stanhope edges closer to consent on Paddington scheme

13 April 2012

Stanhope is close to getting the green light for its amended 270,000 sq ft development scheme near Paddington Station.
Swaps swipe 25% off commercial property

13 April 2012

Interest rate swaps on property loans are wiping as much as 25% off the value of UK commercial real estate, hindering loan workouts and slowing down its recovery.
Take two … Cheshire housing problems

13 April 2012

The National Planning Policy Framework will “catch out” Cheshire East and Cheshire West and Chester Councils, warns Dan Mitchell, director of planning consultancy Barton Willmore. Both already suffer from a lack of a five-year housing land supply and neither have a core strategy in place.
Tech boom lights up flat first quarter for property

13 April 2012

Quarter one 2012 is over. How has UK property fared?
Tenant’s insolvency is landlord’s occupational hazard

13 April 2012

The message: Landlords pay the price when a tenant goes into administration
Tesco to reduce new space growth by 38%

18 April 2012

Tesco announced it will reduce new net space growth by 38% and spend £1bn revamping its existing estate in a preliminary results statement released this morning.
The Property Lexicon

13 April 2012

Ubiquitous idioms explained …
Tishman on spec for San Fran boom

13 April 2012

Tishman Speyer plans to speculatively develop a San Francisco office block to take advantage of the boom in demand from technology companies.
UK confidence is justified but southern Europe could drag it down

13 April 2012

The performance of the British economy last year was frankly depressing.
US giant buys Berlin’s largest shopping centre

19 April 2012

US financial services firm TIAA-CREF has bought a 1m sq ft shopping centre in Berlin for around €350m.
US pension fund reaps Festival harvest

13 April 2012

US teachers’ pension fund TIAA-CREF is understood to be leading the race to buy Grosvenor’s Festival Place shopping centre in Basingstoke , for a price of just less than £300m.
Valuers: you are way behind on market rents

13 April 2012

British commercial property values have been flat — just like the British economy — for the past two years. It’s been a battle between high yields, which are juicier by far than those from equities and bonds, and falling rents.
Wainbridge’s £38m Knightsbridge buy

13 April 2012

Newly established residential venture Wainbridge Estates has teamed up with luxury homes specialist Finchatton for its first UK purchase, a £38m site in Knightsbridge.
Welbeck team lands buyout

13 April 2012

Five managers take equity partnership out of Howard de Walden’s control
West Register buy marks Ballymore’s Birmingham exit

13 April 2012

West Register, the Royal Bank of Scotland’s internal property company, has bought the long leasehold interest on 2 Cornwall Street in Birmingham from Ballymore.
Why now is the time to carry out a residential conversion

13 April 2012

Central London residential property boom needs new recruits. Emma Haslett reports
Why now is the time to carry out a residential conversion

13 April 2012

Central London residential property boom needs new recruits. Emma Haslett reports