All Property Week articles in 15 February 2008
View all stories from this issue.
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Online
Phone store rings in Inverness record rent
Legal and General has set a new record rent for Zone A retail space in Inverness.
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OnlineNew Star sells largest London property for £127.5m
New Star Asset Management has sold its largest London office building in its UK property fund to Evans Randall for £127.5m at an initial yield of around 5.5%.
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Henderson kicks off Italian retail spree
Henderson Global Investors has completed the first closing and made four purchases for its new Italian retail fund.
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CLS sells knocked down Heathrow office
Sten Mortstedt’s CLS Holdings has sold a Heathrow office building for £12.8m, a 5% discount to its June valuation.
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Online
Plaza buys sixth development scheme in Romania
Plaza Centers, the European retail property developer, has bought a site in Honedoara in Romania.
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Online
Competition Commission proposes curbs on supermarket industry
The Competition Commission has called for a ‘competition test’ in a bid to increase competitiveness in the UK supermarket industry but fell short of recommending forced land sales or wholesale changes to the ‘town centre first’ planning policies.
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News
Darling stuns bidders with Rock nationalisation
Alistair Darling has announced the first nationalisation of a sizeable British bank in a quarter of a century as he put Northern Rock into public ownership, infuriating shareholders and shocking the two private bidders hoping to take over the stricken mortgage lender. Financial Times, The Times, Daily Telegraph, The Independent, ...
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Laxey-run fund raises £150m
Square Mile investment house Fairfax is expected to cock a snook at City doom-mongers when it reveals it has raised £150m for the launch of a new property fund to be run by the activist investor Laxey Partners. Independent on Sunday
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Chinese help develop £125m Wigan park
China is to help spawn a £125m inward investment in Wigan this week. Sunday Telegraph
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Thames Gateway eyes science sector
Science and technology companies are being courted by the Thames Gateway amid an ambitious expansion of science park space. Financial Times
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Super-rich show no signs of abandoning elite scheme
The super-rich are snapping up apartments at the world's most expensive residential scheme at London’s One Hyde Park as if they were going out of fashion. Sunday Times.
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Failings in UK housing will scupper green plans
Gordon Brown’s promise to make new homes 'zero carbon' by 2016 is unlikely to be met because of 'deeply embedded' failings in modern house-building methods, says a Government report. Daily Telegraph
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LandSecs puts key asset up for sale
Land Securities, has put a £100m chunk of its flagship Fleet Street estate up for sale. Sunday Telegraph
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Government accused of property waste
The amount of vacant government property has doubled in the past year, according to figures disclosed by ministers. Vacant buildings range from lavish London homes to anonymous office blocks, all owned by Whitehall ministries or public bodies. Sunday Telegraph
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Code of practice for sale-and-rent-back sector
The controversial sale and rent-back sector – which buys people's houses and then rents them back to the former owners – is to develop a new voluntary code of practice, in a bid to raise standards and prevent further mis-selling within the industry. The Independent
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Property taking longer to sell
The asking price for houses moved up last month but property is taking far longer to sell, according to new figures out today. The Times
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Paragon confident on rights issue
Paragon, the specialist buy-to-let mortgage lender, said it was confident about the take-up of its rights issue, which closes this week. Financial Times
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OnlineNewmarket resi scheme gets go ahead
Developer Build Force has got the go ahead for its £10m regeneration scheme in Newmarket, East Anglia which will see the conversion of 19th century malting kiln buildings into a residential scheme.
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OnlineGo ahead for luxury hotel in Oxfordshire
Firoz Kassam’s Firoka Group has got the go ahead for an extension to its Heythrop Park Hotel in Oxfordshire.
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Online
Supermarkets braced for competition commission decision
The supermarket industry is bracing itself for a potential forced sale of land to allow rivals to open areas where it is deemed there is not enough competition.
