All Property Week articles in 13 July 2007
View all stories from this issue.
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Online
Peel plans Liverpool airport hotel
Peel Holdings has submitted a planning application for a hotel near Liverpool’s John Lennon Airport.
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Online
ROM Capital buys countrywide retail portfolio
ROM Capital, a joint venture between property entrepreneurs Robert Whitton and Daren Buney, has bought retail specialist Willolake Properties for £15m.
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Quarter point rate rise will slow deal flow
A new study by investment bank Investec says that the property industry feels that a further quarter point rise in interest rates will lead to a decline in the number of deals being transacted over the next 12 months.
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OnlineHammerson sells 50% stake in WestQuay
Hammerson has confirmed the sale of a 50% stake in its Southampton shopping centre to GIC.
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Warner snaps up America House lease
Warner Estates has bought the long leasehold of America House in the City of London from London and Regional Properties.
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News
Ritblat raises £1bn
Jamie Ritblat, son of former British Land chairman Sir John Ritblat, has raised €1.5bn (£1bn) for a new international property fund. Daily Telegraph
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News
Baugur bulks up in Debenhams
A consortium led by Icelandic investor Baugur has increased its stake in the troubled department store chain Debenhams. Daily Telegraph
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Land Securities’ share buy-back vote
Shareholders in Land Securities, the UK’s biggest REIT, will today vote on whether to buy back shares, after a slump in the share price. Daily Telegraph. The Times
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News
20-minute masters’ Channel ambitions
Welcome Break, the motorway services operator, seems to be enjoying a new lease of life, having taken over the catering at the Eurotunnel terminal at Folkestone, and it is hoping to complete the double by securing the concession on the French side of the Channel. The Times
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Gladedale takes over Yorkshire’s Ben Bailey
Gladedale, the UK’s biggest privately owned housebuilder, has bought Yorkshire-based Ben Bailey for £83.7m. Daily Telegraph. The Times
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Gladedale takes over Yorkshire’s Ben Bailey
Gladedale, the UK’s biggest privately owned housebuilder, has bought Yorkshire-based Ben Bailey for £83.7m. Daily Telegraph. The Times
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Business travellers boost budget hotels
The UK budget hotel market has nearly doubled in size since 2000, pushing its turnover beyond £1bn, thanks largely to an increase in use by business travellers. Financial Times
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Lenders predict UK property crunch
Higher interest rates are set to provoke a crunch in Britain’s property market next year with the weakest growth in prices for 13 years, the Council of Mortgage Lenders predicted yesterday. The Times. Daily Telegraph
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H&M’s Euro store push pays off
H&M, Europe’s second-largest clothing retailer, said sales in June had risen 17% after the company opened new stores and collections by Kylie Minogue and Madonna were well received by customers. The Times. Daily Telegraph
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Lewin sales soar as City boys slim
TM Lewin, the tailor and shirtmaker, announced a rise in sales of 42% after the launch of 15 new stores. The Times
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Fitness turnover touches $4bn
The turnover of the UK health and fitness industry is almost £4bn and 12% of the population now holds memberships, according to a report from the Fitness Industry Association. The Times
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Online
Slade is nearly the £10m man
Helical Bar managing director Mike Slade picked up a cool £9.68m in remuneration last year
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HBOS confirms Quintain bid possibility
HBOS confirmed today that it was considering the possibility of a bid for Quintain Estates.
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New Star buys £30m Edinburgh block
New Star Asset Management has bought the freehold of Dundas House in Edinburgh for around £30m from Standard Life Investments.
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Boris Johnson to run for mayor
Boris Johnson has confirmed he will run for London Mayor and has resigned as shadow minister for higher education.
