All Property Week articles in 14 March 2008
View all stories from this issue.
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Online
Rent review poll closes Friday
Property Week is compiling a league table of the top rent review surveyors in Britain. This will be published as a feature in the magazine.
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Arup team to masterplan Manchester’s Co-operative Group site
A joint venture team has won the competition to masterplan The Co-operative Group’s 20-acre site in Manchester city centre.
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Markets braced as Bear sold for knock-down $230m
JPMorgan Chase last night agreed to buy Bear Stearns, the stricken US investment bank, for around $230m (£114m) in shares in a deal that puts an end to Bear’s 85 years of independence and highlights the risks faced by banks during the credit crunch. Financial Times, The Times
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Apollo faces need to shore up Countrywide
Apollo Management, the American private equity group, could be forced to pump millions of pounds of cash into Countrywide, Britain’s biggest chain of estate agents, in a bid to shore up its investment in the group. Sunday Telegraph
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Volatility drives lenders to pull mortgage products
Lenders are withdrawing many of their mortgage offers – sometimes with less than an hour’s warning – as severe funding constraints mean that they are unable to meet demand for the most competitive deals. Financial Times (Saturday)
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Property funds set for tax change boost
Hundreds of thousands of people in ailing property funds could receive a welcome boost under new rules that will scrap an onerous tax on investments. Sunday Times
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Regus seeks to gain from downturn
Regus is positioning itself to profit from a downturn in corporate occupier demand for traditional leased office space after a strong advance in annual profits. Financial Times (Saturday)
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Daily Mail Pension fund to buy into Trillium
The Transport for London and Daily Mail pension funds have taken stakes in the £1.1bn Trillium public-private-partnership fund, managed by Land Securities. Independent on Sunday
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Dubai fund set for Western route to global investment
Dubai, the oil-rich Gulf state, has launched a new multi-billion pound sovereign wealth fund as it looks to extend its reach in the global economy. Sunday Telegraph
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Northern Rock faces jobs axe
Ron Sandler, the man charged by Gordon Brown with overseeing the running of Northern Rock as a nationalised company, is expected to deliver his much-anticipated restructuring report to the Treasury tomorrow. Independent on Sunday
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Dyson slams planners
The future of Sir James Dyson’s £56m design and engineering school in Bath is under threat ahead of a planning vote by local councillors on Wednesday. Sunday Times
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Laxey grabs Shaftesbury stake
Laxey Partners is believed to have snapped up an 11.8% stake in Shaftesbury. Sunday Times
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IPD: Property returns improved ‘markedly’ in February.
Property performance improved markedly in February, indicating that the worst of the post-credit crunch downturn has passed.
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OnlinePrague office sold for E71.5m
Austria’s largest listed property company, Immoeast, has sold a Prague office for E71.5m (£55m).
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Regus aims to take advantage of downturn
Shares in Regus rose 4% today to 89p after the company announced a 54% rise in pre-tax profits to £120m.
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MIPIM 2008: Barton Willmore plans Chinese city expansion
The Chinese Government has tasked Barton Willmore with planning the rapid expansion of one of China’s cities which is expected to grow 17 times larger in five years.
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MIPIM 2008: Priority Sites teams up for hotel scheme
Priority Sites has teamed up with hotel developer Starboard hotels to develop an £18m office park and hotel scheme in Gateshead.
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Ministry of Justice overturns Westminster planning rejection
A Westminster Council planning block to the redevelopment of Marylebone magistrates Court has been turned over by the Ministry of Justice.
