All Property Week articles in 15 June 2007
View all stories from this issue.
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OnlineWestminster protection proposals unveiled
Proposals for a new buffer zone to protect the Palace of Westminster and Westminster Abbey from encroachment by tall buildings were unveiled today.
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OnlineBalfour-Lynn attacked by MWB shareholder
Marylebone Warwick Balfour’s biggest shareholder today has launched a withering attack on chief executive Richard Balfour-Lynn in connection with his role as architect of Vector Hospitality, the hotel company which pulled its flotation two weeks ago.
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Online
Development Securities gets green light in the City
The developer has received planning permission from the City Corporation to redevelop 10 St Bride Street in the City of London.
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BCO slams Livingstone's green offices plan
The British Council for Offices has claimed the mayor of London's renewable energy targets for office buildings are doomed to failure. The Times
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News
Summit Germany raises €150m
Summit Germany, an AIM-listed company that owns 76 German properties, has raised €150m (£101m). The Times
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News
Cinven buys BUPA hospitals
European private equity firm Cinven has won the battle for control of BUPA’s 26 UK hospitals, paying £1.44bn to clinch the deal. Daily Telegraph. The Times
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KarstadtQuelle may list in London
German retail and leisure group KarstadtQuelle is considering listing its shares in London. Financial Times
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News
Middle Eastern investment trebles
Middle East investors spent £8.9bn on commercial property in the UK over the last five years – almost three times as much as the £3.34bn they spent in 2001, according to DTZ. Financial Times
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High Court hitch for Kelly's council mergers
Communities secretary Ruth Kelly suffered a setback to her plan to merge more than 50 smaller councils into unitary authorities yesterday after a High Court ruling that has national significance. The Times
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'Saudi Warren Buffett' to float Kingdom
Saudi billionaire Prince Alwaleed Bin Talal is to push ahead with a listing of Kingdom Holding Company, his main investment vehicle. The Times
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Diageo brews £2bn Guinness site sale
Diageo said yesterday that a review of its Irish brewing operations could lead to the closure of the St James’s Gate Brewery in Dublin, where Guinness has been made since 1759. The Times. Financial Times. Daily Telegraph
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Focus stores face cull by Wickes white knight
Bill Grimsey, the new chief executive of Focus, is to review the future of the DIY chain’s 50 worst-performing stores. Daily Telegraph
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QE2 to become Dubai floating hotel
Cunard Line has sold the QE2 cruise liner for $100m to Dubai World, a company owned by Istithmar, the investment arm of the government of Dubai. The Independent. The Times. Financial Times. Daily Telegraph
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Online
Grosvenor's retail director quits
John Bullough, Grosvenor’s retail director, is leaving to join Abu Dhabi’s Aldar Properties.
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British Waterways appoints new development manager
British Waterways has appointed Aiden Johnson-Hugill as a development manager for its expanding development programme.
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More criticism for PGS
The Government’s proposals to introduce the hugely unpopular planning gain supplement came under fire today from the Town and Country Planning Association (TCPA) and the BPF.
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Online
Derwent's Friedlos pursues 'other opportunities'
Derwent London’s executive director Nick Friedlos has resigned to ‘pursue other opportunities in the property sector’.
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Brown's £500m hotel tax raid
Hotel industry chief executives are to hold crisis meetings with Treasury officials this week over a retrospective tax that would cost the industry an estimated £500m a year. Sunday Telegraph
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Wickes white knights to charge into Focus
Bill Grimsey and Bill Hoskins, the men who revived DIY chain Wickes in the 1990s, will take over the management of Focus, the debt-laden retailer being bought by US hedge fund Cerberus. Financial Times
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Crossrail chief: £15bn scheme is gathering momentum
Douglas Oakervee, chief executive of Cross London Rail Links, the man in charge of designing and building Crossrail, said there is 'every indication' that the Treasury would have agreed a package to pay for the long-delayed scheme by the time the bill for the trans-London rail project cleared parliament early ...
