All Property Week articles in 18 April 2008
View all stories from this issue.
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OnlineLondon’s slowing banking sector could hit Europe’s office take up
Job losses in the banking sector in London’s City & Docklands district could have a serious knock-on effect on office take-up in Europe’s financial capital, says Cushman & Wakefield.
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DevSecs sells Liverpool’s Kirkby Shopping Centre to Tesco
Development Securities has sold its property holdings in Kirkby to Tesco as it withdraws from the battle to regenerate the town centre.
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Government may double £50bn housing bailout
An unprecedented £50bn injection to bail out Britain’s ailing banking system could be doubled if it fails to stave off a collapse in the housing market. Sunday Times, Independent on Sunday,Daily Telegraph
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Pears ponders Trillium bid
William Pears, the property investment group, has emerged as a surprise frontrunner in the £1.5bn bidding war for Land Securities Trillium, the outsourcing giant. Independent on Sunday
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HSBC seeks to refinance HQ sale debt
HSBC is to go back to the debt markets for the second time in little more than six months to try to refinance the £810m of debt it provided for the sale of its Canary Wharf headquarters. Daily Telegraph
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Homeowners setting lower asking prices
Rightmove, the property website, said homeowners are setting asking prices at about 10% below their peak and added that the supply of houses being put up for sale has outstripped demand in the past three months, the first time this has happened in the past six years. The Times.
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House prices 'set for 10% fall'
House prics are set to fall by as much as 10% over the next two years, a top economic forecaster will warn this week. Sunday Telegraph
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Second homes owners find silver lining
Homeowners are repatriating millions of pounds of equity from second properties in Europe to take advantage of the strong euro, the government’s recent capital-gains tax changes, and to protect themselves from the global credit crunch. Sunday Times
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Caravan park operator injects cash
The private equity owner of one of Britain’s largest holiday and caravan park operators, has had to inject millions of pounds of new money into the business. Sunday Telegraph
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News
Olympic legacy is threatened
A powerful group of MPs will warn ministers and Olympics officials this week that they are not doing enough to ensure that the London Games will leave a lasting legacy for sport, business and tourism. Sunday Telegraph
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Builders attack OFT over 'innuendo'
The Office of Fair Trading has been accused of generating 'misinformation' and 'innuendo' in its announcement last week of an investigation into alleged price-rigging among the UK’s largest building groups. Daily Telegraph
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OnlineFurther trial to be held over Ritz Hotel sale con
A High Court Judge today ruled that a full trial is to be held to determine who is responsible for repaying a £1m deposit that was paid as part of a scam deal to buy the Ritz Hotel in London.
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Irish property market returns down in first quarter, says Jones Lang LaSalle
The Irish property market slowed in the first three months of the year but rents continued to grow.
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MPs launch parliamentary probe into ‘Greening’ buildings
A parliamentary inquiry has been launched today into what ministers, property owners, city leaders and occupiers need to do ‘to green’ the country’s offices, shops and factories.
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OnlinePortsmouth City planning councillor denies corruption
Jezz Baker, a councillor on Portsmouth City’s planning committee, has pleaded not guilty to two charges of corruption.
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OnlineFormer Teesland chief joins private investor fund manager
Former Teesland chief executive officer Mickola Wilson and Orange Properties’ managing director Darren Fennell have teamed up with former colleague, Seven Dials’ founder Brett Robinson, to create a fund management team.
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OnlinePlanning permission for M&S in Denbigh North
Marks & Spencer is set to open in Denbigh North near Milton Keynes following planning permission received this week.
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UK Coal pushes on with property plans
UK Coal said today it was pushing forward with maximising its property assets as it reported a near quadruple pretax profit increase.
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OnlineHammerson arranges £400m loan for Bishops Square
Hammerson has signed a £400m five-year credit facility, provided by Bayerische Landesbank.
