All Property Week articles in 14 May 1999
View all stories from this issue.
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Professional
The right to roam: a walk on the wild side?
Access to the countryside Public access could impinge on the value of private land, especially if it affects activities such as farming If a landowner can show a danger of 'dimunition of value', he may well be able to resist enforced public access
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Insight
The revolution within
In his first interview since taking on the role of group development director at Grosvenor Estate Holdings, Stephen Musgrave spells out his development philosophy to us.
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Markets
Retail
Manchester s retail centre is undergoing a renaissance. Due to the quick response by Manchester Millennium and the private sector to the IRA bomb in 1996, a revitalised Manchester will usher in the new millennium. The scale of retail and leisure development within the city centre will ...
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News
Waxy takes over Thornaby
Waxy Group s new development arm, WD, is taking over Thornaby Town Centre in County Durham from Stockton-on-Tees Borough Council in exchange for a comprehensive £12.5m development scheme. The plan includes five new shops and a large store. Almost 11,200 sq m (120,000 sq ft) of existing space will ...
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News
Prime movers
The National Audit Office approves of it, and the Inland Revenue is planning its own version. We talk to the DSS and Trillium about the lessons learned from year one of the landmark Prime deal
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Markets
Offices: south Manchester
Since 1996, when the south Manchester office market rose spectacularly from the ashes of recession, the area has continued to perform well. Headline rents over the intervening period have risen by around 35% from £140/sq m (£13/sq ft), pushing to £194 sq m (£18/sq ft) now. Prospects are that, ...
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Markets
Offices: north Manchester
Development follows actual or anticipated demand and, while the distribution and industrial sectors might stand as the focus of attention in north Manchester, we are now experiencing signs that the office sector s time has come. For as long as most can remember, north Manchester has been all but discounted ...
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Markets
The making of a mayor?
Radical reforms are planned for local government in Manchester, including perhaps a directly elected mayor. This report examines the likely impact of a mayor and suggests a shortlist for the role
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Professional
Loan syndication: a no-lose proposition?
Property lending Loan agreements now usually include provisions anticipating syndication, even though syndication may not be arranged until after the loan has been made Most loans are syndicated by 'club' deals, where five or six banks may participate in the loan
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Markets
A leisurely road to success
I ve got a 40-minute drive to work with the radio on, compared to 50 minutes with my face in somebody s armpit. It s not a difficult choice is it? Not my words or anybody s in this survey, but those (more or less) of a former ...
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Markets
Leisure
The Greater Manchester leisure market is booming. Numerous schemes are now either under construction, have received planning approval or are awaiting a planning decision. Schemes within the wider area include Thornfield Developments' 21,370 sq m (230,000 sq ft) Parrs Wood scheme in Didsbury, Farrho's South Union Street development in ...
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News
P&O invests in Plymouth
P&O shopping centres revealed plans on Tuesday to replace Drake Circus, Plymouth, with a new shopping centre three times the size of the existing development. Plymouth City Council will grant outline permission later this month for the £80m, 60,386 sq m (650,000 sq ft) development. P&O Centres has already signed ...
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Markets
Investment
The Greater Manchester investment market last year was characterised by both institutional and property company investors competing against each other to acquire an ever-decreasing supply of good-quality investment stock. Falling interest rates fuelled this demand particularly from the property company sector, which could take advantage of very attractive ...
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News
Small shares retain interest
There was little happening among property shares last week, but the sector outperformed the overall stock market, which suffered from worries over the US economy. For the second week running, the Real Estate Index remained virtually unchanged at 1980, with little movement among the major companies. The All-Share began the ...
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Markets
Industrial
The M60 orbital motorway is expected to breathe new life into the industrial sector of the eastern quadrant as it nears completion. The resulting decreased journey times and improved infrastructure will enhance the appeal of a number of locations in the area. Previously unfashionable locations, such as Oldham, Ashton-Under-Lyne and ...
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Markets
Industrial rents reach new peak in the south
Industrial rents have been nudged up a notch further this time at south Manchester s Sharston Green business park. Airline Services has signed up for a new 2,140 sq m (23,000 sq ft) headquarters at Ringway Developments Sharston Green site near junction 2 of the M56. ...
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News
Internet returns may hit turnover rents
Customers who return goods bought over the internet could dent landlords rental income if they take back purchases to shops that pay turnover rents. When the retailer makes a refund, he may try to subtract the money from his turnover, and thus reduce the amount he pays in turnover-related ...
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Markets
Impact of PFI in Greater Manchester
The impact of the Government s Private Finance Initiative, and other forms of Public Private Partnership where the private sector undertakes to design, construct, finance and operate facilities for the public sector in return for an annual charge will become more visible in the Greater Manchester ...
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Markets
Secondary market looks healthy out in front
A direct result of secondary office rents edging up for the first time since the mid-1990s recession is that rent reviews are increasingly becoming reversionary, particularly since the central office core has broken its mould, and location has become less of an issue. Choice is now far more limited, particularly ...
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News
HQ network to be floated in New York
Carramerica, the US Real Estate Investment Trust, is planning to float its serviced offices business on the New York Stock Exchange later this year. The move follows the merger of CarrAmerica's OmniOffices and HQ networks in March. This created the world's largest serviced office company, with 260 business centres trading ...