18 June 2010
Property Week
View all stories from this issue.
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‘Mistrust model’ identified in real estate cost-cutting report
18 June 2010
Corporate real estate professionals are outsourcing more work to consultants as they seek to shave 10% to 15% off property costs, reports research firm the Curzon Partnership
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… and NHS could be early candidate for scalpel
18 June 2010
A huge part of the public sector property portfolio that is under scrutiny in Wales is the 14m sq ft occupied by the NHS
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AEW Europe buys Polish warehouses for €91m
21 June 2010
AEW Europe has bought five warehouses in Poland from Panattoni Europe and Standard Life Investments for approximately €91m through its European Property Investors Special Opportunities fund.
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AH Medical in rude health
18 June 2010
AH Medical Properties, the primary care property investor, increased its net asset value by 50% to 43p a share in the year to 30 April
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Allianz to buy €176m stake in Hammerson Paris shopping centre
17 June 2010
Allianz Real Estate has exchanged contracts to buy a 75% stake in Hammerson’s Espace Saint Quentin shopping centre in Paris in a deal worth €176m.
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And finally...
18 June 2010
There has been a new letting at the St David’s centre in Cardiff
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Anglo Irish Bank calls receiver on Dolan properties
18 June 2010
Three properties owned by Northern Irish developer Peter Dolan’s Jermon Developments have been placed into receivership
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Architect's water feature
18 June 2010
At last week’s Elifar Foundation Challenge in west London there was a Charlie Chaplin moment during a water polo match
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Architecture and planning: Paul Finch
18 June 2010
Top-down development on its way out as brownfields are cleared for development
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Ashfield and Jasper appointed with IM
18 June 2010
IM Properties has appointed Kevin Ashfield to manage its expanding development team
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Asian buyers do their homework on London acquisitions
18 June 2010
A flood of UK property experts are heading to the Far East once again
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Asian buyers home in on London
18 June 2010
Asian investors are leading global demand for residential investment property in central London
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Asian investors lead demand for London resi
18 June 2010
Asian investors are leading international demand for residential investment property in central London and have spent a total of £761m over the past year, as they look for safe havens in the face of turbulent domestic markets.
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Axa REIM mulls bid for rival ING
18 June 2010
Merger would create world’s largest property fund manager
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Barclay in Belgravia
18 June 2010
Publishing entrepreneur linked to purchase of former mansion near Buckingham Palace in a sign of continuing strong market
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Battersea Power Station owner reports dismal figures
23 June 2010
Real Estate Opportunities ’s shares plummeted 40% this morning after it revealed that its debts were £722m more than its assets.
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Best in the worldwide web
18 June 2010
Property Week was last week named the best editorial team across business websites at the “Oscars” of the online publishing world
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Big sheds bouncing back in first half
18 June 2010
Yorkshire’s industrial sector has lagged with the onset of the recession, but good news is on the horizon: big sheds are back in demand
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BMB buys Dutch property fund manager Alliance Capital
23 June 2010
BMB Group, an investment firm founded by Asian entrepreneur Rayo Withanage and Brunei’s Prince Abdul Ali ’Yil-Kabier, has bought its second European property fund manager this month as part of a strategy to add $3bn in assets over the next 24 months.
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Bob Martin leaves NFU Mutual
18 June 2010
Bob Martin is leaving as group head of property at NFU Mutual after almost 30 years to set up his own company, Martin Commercial Properties.
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Boultbee sells three Swedish shopping centres
22 June 2010
Boultbee has sold three shopping centres in Sweden for SEK 1.44bn (£125m) to Swedish property company Diligentia.
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Bristol weighs up plan to sell land worth £70m
17 June 2010
Bristol City Council is weighing up plans to sell up to £70m of council-owned land for development.
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Burton on Internos committee
18 June 2010
Mark Burton, the veteran property banker and fund manager, has joined the investment committee of Internos Real Investors
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Busfield retires to focus on third party work
18 June 2010
Marie Busfield has resigned as director of Mason & Partners to concentrate on her work as an arbitrator and independent expert.
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CABE review: Barking bites back
18 June 2010
Barking Central: No longer isolated, the town centre is now a proud, vibrant home.
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Canadians invest in Peel’s airports
22 June 2010
John Whittaker’s Peel Group has sold a 65% stake in its airport business to Vancouver Airport Services.
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Carbon Trust - Managing the CRC as a Business Opportunity
17 June 2010
The Carbon Trust released the following report on the Carbon Reduction Commitment in October 2009. You can download the full report here.
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Carmarthen’s St Catherine’s walks the walk
18 June 2010
The only shopping centre to have opened in the UK this year is 80% let
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CBRE launches value monitor
18 June 2010
CB Richard Ellis has launched a new measure of value trends in the European property market
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CBRE: Middlesex Hospital shortlist
18 June 2010
The shortlist for the former Middlesex Hospital site in London’s West End is thought to be: Soho China and Grafton Advisors; Development Securities with Berkeley Homes; Aviva Investors with Exemplar; and Stanhope and Henderson Global Investors.
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Central reservations to make a comeback
18 June 2010
Cardiff’s Central Hotel is a phoenix from the flames
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Chase is on for Stanhope
18 June 2010
DTZ’s chairman of retail for Europe, Middle East and Africa, Martyn Chase, has been appointed non-executive director at Stanhope
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Chop and change: Our experts’ ideas for emergency Budget
18 June 2010
On Tuesday, chancellor George Osborne is set to announce a new wave of public spending cuts with his “emergency Budget”. Here, we ask four public sector property experts what they would do if they had their hands on the axe
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City view: Nigel White and Abigail Hooks
18 June 2010
Time to stop papering over the cracks in debt financing
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CityBlock gets green light for student flats in Leicester
21 June 2010
CityBlock has secured planning permission for 76 student flats on a derelict site in Leicester city centre.
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Commercial recovery dips
18 June 2010
The UK commercial property market recovery slowed last month
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Committee calls Welsh £500m property spend into account
18 June 2010
Public accounts committee chairman’s “shock” at public property spending
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CoreNet members’ Budget pleas
18 June 2010
The fate of many occupiers will be sealed on Tuesday as the chancellor, George Osborne, delivers the emergency Budget
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Coulson’s contrast
18 June 2010
Sir, In his excellent article on the prospect of negligence claims by banks against valuers (recovery, 21.05.10, above), Joe Pitt of BNP Paribas Real Estate draws an interesting contrast with the views of at least one member of the judiciary
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Countrywide buys Hamptons International
17 June 2010
Countrywide, the UK’s largest residential estate agency and property services group, today acquired upmarket agent Hamptons International from Dubai-based Emaar Properties.
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Crossrail won’t be scaled back, says Hammond
16 June 2010
Transport secretary Phillip Hammond has said the government is committed to providing the full £16bn of required funding for London’s Crossrail scheme.
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Defence Estates picks Morgan Sindall for £16m scheme
23 June 2010
The Ministry of Defence’s property arm Defence Estates has picked Morgan Sindall to build a new £16m home for the King’s Troop Royal Horse Artillery in Woolwich.
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DEFRA estates head leaves after investigation
18 June 2010
The property chief of a government department has had his employment terminated following an internal investigation
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Designer huddle
18 June 2010
Model Erin O’Connor and artist Tracey Emin joined Westfield’s EMEA managing director Michael Gutman to launch the Studio East cultural initiative at Stratford City shopping centre in London this week
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Develica seeks tenants for Blackwood Gate
18 June 2010
Develica has appointed Smith Price and EJ Hales to search for tenants for its Blackwood Gate Retail Park
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Devlin presides over Frenchgate revolution
18 June 2010
Canny asset management at Doncaster shopping centre has led to a vacancy rate of just 4%
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Doncaster cultural quarter goes forth
18 June 2010
Plans were approved for Doncaster’s £300m civic and cultural quarter last week by Doncaster Council. The planning permission referred specifically to 157,500 sq ft of civic offices, which will be home to about 1,400 council staff.
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Dynamo Helios wins funding for Zagreb logistics park
18 June 2010
Distribution property company starts second phase of 1m sq ft development in Croatia’s capital
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E3 appointed to Hampshire's Rose Bowl
18 June 2010
E3 Consulting has been appointed to advise on the redevelopment of Hampshire County Cricket Club’s Rose Bowl stadium.
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Elephant in the room
18 June 2010
Jonathan Mannings, the new head of national offices at Colliers International, is banking on an elephant to trumpet his move
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Emergency Budget: Corporation tax to drop to 24% by 2014
22 June 2010
Chancellor George Osborne has announced measures to try and maintain Britain’s global economic competitiveness through big reductions in corporation tax.
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Emergency Budget: Enterprise-led recovery will be "tough but fair", warns Osborne
22 June 2010
Chancellor George Osborne has said today’s Emergency Budget will be “tough but fair” as he announces plans to deal “decively” with the public deficit.
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Emergency Budget: Growth fund to guarantee Brum’s New Street
22 June 2010
Chancellor George Osborne has announced a two-year Regional Growth Fund designed to stimulate investment in regional infrastructure projects as the economy recovers.
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Emergency Budget: No more reductions in infrastructure spending, says Osborne
22 June 2010
Chancellor George Osborne has said today that there will be no further reductions in capital spending oninfrastructure, following cuts announced last month.
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Emergency Budget: Planning to be simplified in growth areas
22 June 2010
The government plans to ease the planning system in growth areas through promoting the use of Local Development Orders by local authorities.
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Emergency Budget: VAT rises to 20%, Capital Gains Tax to 28%
22 June 2010
VAT is to rise from 17.5% to 20% from January 2011 as part of Chancellor George Osborne’s Emergency Budget, which is being announced today.
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Emission statement
18 June 2010
Property Week and the Carbon Trust teamed up for a debate on maintaining the green agenda in the new decade
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EPN fund raises $27m
18 June 2010
Elbit Plaza USA, a joint venture between two of Israeli property investor Motti Zisser’s companies – London-listed Plaza Centers and Elbit Imaging – and its US partner, Eastgate Property, have raised $27m of additional equity for its EPN Real Estate Fund
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Etesian wind blows through Levanter
18 June 2010
Distressed property experts merge
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Financial advice in Brook Street
18 June 2010
Morgan Capital Partners and a private client have let a total of 10,000 sq ft at 63 Brook Street in London’s Mayfair
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First homes completed at £31m development in Stanmore, North West London
16 June 2010
Social housing group, A2Dominion has completed the first phase of 14 affordable homes in Stanmore in north west London.
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Former property lawyer and developer charged with €22m fraud conspiracy
17 June 2010
A former property developer and a former property lawyer were today charged with conspiracy to defraud a bank out of €22m.
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Fosse Park up for sale
24 June 2010
The Irish investors behind retail park Fosse Park have hired Franc Warwick to sell the £360m park.
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Gerald Eve rates Mitchells & Butlers
18 June 2010
Mitchells & Butlers has appointed Gerald Eve to provide rating advice on around 2,000 properties
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GIC Webinar - Brazil: how long can the carnival last?
21 June 2010
Until recently, Brazil’s property market was plagued by economic false starts and political volatility. But the country’s ability to contain the effects of the global financial crisis and its economy’s swift recovery have drawn the attention of investors across the world. For Latin America’s largest country, the future finally looks bright.
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Global “double-dip” threat from PIGS economies
18 June 2010
Europe’s debt crisis could “derail” the global economic recovery and put some nations at risk of a recession, the world bank warned last week
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Global Podcast 3 – Dr David Kuo and Graham Hughes
7 May 2010
Should you look at East of West China when investing in global shares?
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Goodman in £730m European ventures
18 June 2010
Australian company joins CB Richard Ellis Realty Trust for logistics opportunities
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Government axes and suspends projects worth £10.5bn
17 June 2010
The government has axed projects worth £2bn and suspended projects worth £8.5bn that were agreed earlier this year by the previous Labour administration.
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Government backs £4.5bn Brent Cross Cricklewood regeneration
17 June 2010
The Government will not call in £4.5bn Brent Cross Cricklewood regeneration scheme, it was announced today.
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Graduate recruitment picks up strongly
18 June 2010
Large agencies confirm they will increase their graduate recruits this year
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Great Portland Estates buys 35 Portman Square
22 June 2010
Great Portland Estates has bought an office in London’s West End at a net initial yield of 7.7%.
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Green is the colour
18 June 2010
The Carbon Trust and Property Week and Building debate asked whether “greening” buildings in the commercial sector is “mission impossible”. Here is how the six panellists responded
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Gresham House's Vulcan consent
18 June 2010
Gresham House, the listed investment trust run by Parkwood Asset Management team, which has a shareholding of just below 30%, has secured planning consent on the former Vulcan Industrial Estate at Newton-le-Willows near St Helens
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Grigg to be British Property Federation president
18 June 2010
British Land chief executive Chris Grigg is to become president of the British Property Federation in 2012
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Guru urges coalition to refocus on Whitehall relocations
18 June 2010
Adviser fears plans to move civil servants out of London may be dropped
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Hammerson buys remaining stake in Battery retail park
21 June 2010
Hammerson, which owns 25% of Battery Retail Park in Birmingham, has bought the remaining 75% from its partner TIAA-CREFfor £49.5m.
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Hammerson sells Docklands tower for £134m
22 June 2010
Hammerson has sold Exchange Tower in London’s Docklands for £134m to MGPA’s Europe Fund III.
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HCA Oxfordshire hospital site gets resi green light
24 June 2010
Plans to redevelop a derelict Oxfordshire hospital on Homes and Communities Agency land as part of a residential scheme has been given the go ahead.
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Holley and Blake’s Altyon launches exempt PUT
23 June 2010
Altyon Partners, the new property company set up by former CB Richard Ellis directors Simon Holley and Simon Blake, has launched the first in a series of exempt property unit trusts that aims to raise £25m from small pension funds.
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Hotel bill for Blackmore's first fund
18 June 2010
Blackmore Capital, the commercial property investment opportunity provider, today opened its first fund
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Hotels a boost for Whitbread
21 June 2010
Whitbread, the owner of Costa Coffee and Premier Inn hotels, will report strong trading figures tomorrow, as its two key businesses continue to flourish.
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How Town Centre Securities made Merrion its priority
18 June 2010
Asset management is the name of the game for Town Centre Securities
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Hugo Boss signs in Liverpool
21 June 2010
Hugo Boss has signed up for a 3,200 sq ft store at Grosvenor’s Liverpool One shopping scheme.
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I'm not wining but ...
18 June 2010
Since leaving Savills to set up his own auction house, James Cannon’s been a busy chap
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Industry reflects on Leahy’s departure
18 June 2010
Real estate was key part of outgoing supermarket chief’s growth strategy
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ING REIM Netherlands sells 13 offices
25 June 2010
ING Real Estate Investment Management (ING REIM) has sold a portfolio of 13 office properties to a consortium of international investors.
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INREV appoints German chairman
23 June 2010
Michael Morgenroth was today appointed chairman of INREV, the European Association for Investors in Non-listed Real Estate Vehicles.
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Intelligence: IPD Regeneration Index
18 June 2010
Regeneration strain of recession
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Investor’s chronicle Richard Hayward
18 June 2010
Banks tie our hands as big boys price us out the market
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Investors force Gale to address JER malaise
18 June 2010
Aviva, Henderson and Nomura in talks with chief to improve poor performance
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Investors’ chronicle: Manish Chande and Martin Myers
18 June 2010
Coalition government: friend or foe of the property industry?
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Ipswich Police join forces with council
18 June 2010
Total Place concept reflected by Wrenbridge deal
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Islington sale at 5.43%
18 June 2010
Legal & General has bought 1-7 Upper Street and 2-10 Liverpool Road in London’s Islington from a private investor for £16.5m, reflecting a net initial yield of 5.43%
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It's raining supermen
18 June 2010
King Sturge’s latest fundraising for its 1760 charity appeal involved 10 staff dressed as superheroes abseiling 460 ft from the top of Guy’s Hospital tower
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JLL’s Williams joins Fineman Ross
18 June 2010
Jones Lang LaSalle West End investment director Keith Williams is leaving to join Fineman Ross as an equity partner
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Jones Lang LaSalle wins Fairoaks Airport instruction
14 July 2010
Jones Lang LaSalle has been instructed to find a buyer for part of Fairoaks Airport in Surrey after owning company Albermarle Fairoaks fell into administration in February.
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King Sturge strengthens South East office team
14 July 2010
King Sturge has appointed Chris Barrs as a senior associate in the South East office agency team.
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L&G's industrial fundraising
18 June 2010
Legal & General Property has raised £80m of equity for its £728m Industrial Property Investment Fund, which will enable it to buy more properties
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Lace value
18 June 2010
The headquarters of lingerie label Agent Provocateur has been put up for sale by its co-founder, Joseph Corré, the son of British fashion designer Vivienne Westwood
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Lambeth approves £114m Brixton PFI housing scheme
22 June 2010
Lambeth Borough Council has approved a £114m private finance initiative-funded regeneration scheme in Brixton.
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Land Securities sells £250m Park House scheme
17 June 2010
Land Securities has agreed to forward sell its Park House development on London’s Oxford Street to a Qatari property company for £250m.
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Leeds office investment continues to rise as UK buyers fall away
18 June 2010
Leeds’ office investment market has performed well in the first quarter of the year, with three significant sales totalling £56m
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Leeds rail passengers prepare to take a hike
18 June 2010
Improvements to Leeds railway station are in doubt this month as chancellor George Osborne’s Budget axe hovers over projects around the UK
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Legal & General answers distress call
18 June 2010
Retail assets acquired as fund manager seeks “development opportunities”
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Listen now: Toby Courtauld, Guy Grainger and Papa Jules of Mahiki
15 September 2010
Joining James Max this time are Great Portland Estates’ chief Toby Courtauld, Guy Grainger, head of UK retail at Jones Lang LaSalle and cocktail maker to the stars - Papa Jules, owner of Mahiki.
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Liverpool student housing scheme makes the grade
23 June 2010
Liverpool-based developer EHA Developments has won planning permission from Liverpool City Council for a 354-bed student accomodation scheme at Chatham PLace in Edge Hill, Liverpool.
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London home sellers raise prices to record after rules scrapped
21 June 2010
London home sellers raised asking prices to a record as they sought to tap the housing-market recovery and benefit from the scrapping of costly disclosure rules, Rightmove Plc said.
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Low Carbon Workplace: the £350m green partnership
18 June 2010
On 12 March, the Carbon Trust, fund manager Threadneedle and development manager Stanhope launched the Low Carbon Workplace fund
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Maclay Murray & Spens signs at G1
21 June 2010
Law firm, Maclay Murray & Spens has agreed to take 40,000 sq ft at HF Development’s £70m G1 scheme in Glasgow.
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Mall fund restructure proposed
18 June 2010
Capital & Regional has proposed a restructuring of the £1.1bn securitised debt on the Mall shopping centre fund
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Matrix makes Wise decision in Plymouth
18 June 2010
Financial services group Matrix has refinanced the £120m redevelopment of former Royal Navy site Mount Wise in Plymouth, through the purchase of an existing loan at a discount
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Mermaid's designer hatchlings
18 June 2010
Schroders is to open an incubator store for young designers at its 170,000sq ft Mermaid Quay scheme in Cardiff
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Metric makes £28.4m debut purchase
17 June 2010
Metric Property Investments has bought its first property following its £190m flotation on the London Stock Exchange in March.
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MGPA picks new Asia head
18 June 2010
MGPA, the private equity real estate firm, has appointed its Asian head Simon Treacy as CEO
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Midsummer sadness
18 June 2010
Colliers International’s Midsummer Retail Report details green shoots of recovery, but as government cuts and a drop in consumer spending lie ahead, property can’t afford to celebrate yet
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Miller Homes to develop at The Rock
17 June 2010
Miller Homes has been appointed to develop the first two residential blocks at Hammerson’s The Rock scheme in Bury.
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Ministry of Justice appoints Knight Frank for two sales
18 June 2010
Knight Frank has been appointed by the Ministry of Justice to sell two office properties in London’s Victoria.
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Ministry of Justice plans to close 157 courts
24 June 2010
The government has announced plans to close up to 103 magistrates courts and 54 county courts across England and Wales.
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MORNING AFTER: Paddington Waterside Charity Dinner and Auction
18 June 2010
Four hundred guests turned up for the twelfth annual Paddington Waterside chairty dinner and auction held at Aviva Investors’, Development Securities’ and Avestus Capital Partners’ Two Kingdom Street earlier this month.
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MORNING AFTER: Studio East party at Westfield Stratford City
17 June 2010
Around 150 VIP guests from the worlds of property, art, design and fashion took to the roof of Westfield Stratford for cultural initiative Studio East’s winnres party on Monday.
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Mortgage lending up 7% in May
18 June 2010
Gross mortgage lending totalled an estimated £11.3 billion in May according to the Council of Mortgage Lending.
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Musgrave means to leave Hines
18 June 2010
UK managing director steps down to spend time with the family
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My tenant has made significant alterations to the office space I leased to them.
18 June 2010
The lease has now expired and I have omitted to request re-instatement prior to lease expiry. Is there anything I can do?
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Nationwide: Paul Mitchell
18 June 2010
Pension funds rekindle their passion for property
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Neary goes from east to West End
18 June 2010
James Neary, the Middle East-based former head of Abu Dhabi investment at Savills’ Middle East associate, Asteco, is returning to the UK
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Need to know: Signs of the parking times
18 June 2010
Last month, 1111 Lincoln Road car park opened in Miami
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Need to know: Simon Morris
18 June 2010
A 33-year-old Yorkshire developer who ran Leeds-based buy-to-let property company SR Morris Group
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New railway station for Leeds region
18 June 2010
Plans for a new railway station at a former industrial site near Leeds are now full steam ahead after Leeds City Council approved the scheme.
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New regulations give Munroe K pause for thought
18 June 2010
White Rose Office Park building to be put on hold until July
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Newcastle & Gateshead development company launches 20-year plan
17 June 2010
Newcastle and Gateshead’s city development company, 1NG launched its 1PLAN – a 20-year economic and spatial masterplan for the two cities today.
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NewRiver banks 4.4% NAV rise
18 June 2010
NewRiver Retail, which listed on AIM last September, increased its net asset value by 4.4% to 261p a share in the seven months to 31 March
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NFU property head sows his own seed
18 June 2010
Group head of property at NFU Mutual Bob Martin is leaving after 30 years to set up Martin Commercial Properties
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No beef with Leeds’ Wellington Place development
18 June 2010
MEPC’s new managing director to submit new plans for the site
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Nottingham's new Poundstretcher
18 June 2010
Henderson Global Investors has let a 10,000 sq ft store to Poundstretcher on its 138,000 sq ft Chilwell Retail Park in Nottingham on a 15-year lease at £20/sq ft
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On the waterfront
18 June 2010
Designer eyewear company TD Tom Davies has signed for a global head office in 3,200 sq ft at Highcross’s Boat Race House on the River Thames in Mortlake, south-west London
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One North East to buy Vaux Brewery site from Tesco
23 June 2010
One North East has reached an agreement in principle with Tesco to buy the Vaux Brewery site in Sunderland on behalf of public sector partners including Sunderland City Council.
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Oracle four go into liquidation
18 June 2010
MCR appointed to David Burke’s residential developer companies
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Parking life: Emma Sinclair
18 June 2010
Small improvements can make a big difference to a car park’s success
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Pay per view at JLL
18 June 2010
Jones Lang LaSalle has come up with a charitable way of profiting from England’s World Cup match against Slovenia next Wednesday
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People Moves: Henderson Global Investors, Studley and more
18 June 2010
This week’s movers include Mohammed Mahroof, who is now at Mark Jenkinson & Son
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Planning body supports Welsh reforms
22 June 2010
The Royal Town Planning Institute (RTPI) Cymru has voiced support to reform Welsh planning reforms, as outlined by an independent report commissioned by the Welsh Assembly Government.
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Primary Health makes £39m corporate acquisition
23 June 2010
Primary Health Properties (PHP), the listed owner of primary healthcare properties, has bought a £39m portfolio through a corporate acquisition.
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Prince Charles sets up shop in Bath
18 June 2010
Lloyds Bank has granted an underlease on its grade one listed bank at 38 Milson Street in Bath to the Prince of Wales for his first high street shop to be known as the Highgrove Shop, run by Highgrove Enterprises.
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Professional opinion: Jerry Schurder
18 June 2010
Government realises reforming rates is trickier than it thought
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Property Week Podcast 22 - James Maddock, Dr David Kuo and Tom Parker-Bowles
4 May 2010
Property Week brought a touch of royalty to the podcast this month when food-writer and broadcaster Tom Parker Bowles joined James Max to discusses cooking with mother, London’s skyline and eating donkey penis.
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Property Week Podcast 23 - David Hackforth, president of the Planning Officers’ Society plus analysis from CoStar
20 May 2010
Commercial property intelligence guru’s Dr Sotiris Tsolacos and Simon Marx of CoStar join James Max in the Property Week podcast studio to discuss what the statistics tell us about the recovery.
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Property Week Podcast 24 - Bumper issue with TalkSport's Ronnie Irani and Micky Quinn, David Buik, Andre James and Juliet Kinsman
25 June 2010
TalkSport presenters Ronnie Irani and Micky Quinn join James Max to talk about the World Cup and we get our usual mix of expert property and finacial advice from David Buik of BGC Partners and Andre James - head of national investment for Colliers International.
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Public profile: Cambridgeshire
18 June 2010
At the Horizons Conference in Cambridge, held last Thursday, Cambridgeshire public sector bosses discussed the creation of a map of the public estate across the county. It will form the basis of an asset management plan in which property will be held in a centrally managed vehicle. It is part of Cambridgeshire Horizons’ property management Making Assets Count project.
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PWTV: Property's stars shine at Party near the Park
18 June 2010
Some of the biggest names in the business took to the stage at this year’s Party near the Park to belt out classic “One Hit Wonders” for an audience of around 1,000.
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Pyle joins McCready's six-strong Property Unit team
17 June 2010
Former Land Securities director Robyn Pyle has joined John McCready’s team at the government’s Property Unit, which now has a six-strong team.
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Q+A: Lloyds’ friend in the north
18 June 2010
Tom Cross is in charge of Lloyds Banking Group’s corporate real estate team in Yorkshire and the north-east. He talks to Hardeep Sandher about the bank’s plans for the region
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Q+A: Newport tees up regeneration
18 June 2010
Gareth Beer took up the reins as chief executive of urban regeneration company Newport Unlimited in April. With the Ryder Cup, one of golf’s most prestigious tournaments, taking place at the nearby Celtic Manor resort in October all eyes will be on Newport. Property Week asks Beer about the city’s ongoing regeneration
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Qatar is ‘new powerhouse of global real estate’
18 June 2010
Qatar is likely to be the largest source of global real estate capital this year, Jones Lang LaSalle has predicted in its latest regional report
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Qatari Diar 'deleted' Prince Charles emails
18 June 2010
CPC’s QC argues evidence of emir ordering Chelsea Barracks exit was concealed
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Raising funds by the book
18 June 2010
If you enjoyed reading the Da Vinci Code, you might be tempted by The Holborn Scroll, written by Scottish developer Jim Fitzsimmons
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Recovery position: Robert Burns
18 June 2010
Insolvency Service: how we work to protect, as well as serve
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Regeneration returns lag all property
18 June 2010
Regeneration property underperformed the UK commercial property market last year
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Republic fashion chain sold to private equity firm TPG
21 June 2010
TPG plans to expand Republic chain, which sells brands including Diesel, Miss Sixty and G-Star
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Retail holds it breath ahead of emergency Budget
18 June 2010
No field of property is awaiting next week’s emergency Budget more anxiously than retail
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RO develops Dragon dens for RBD locals
18 June 2010
In a sign of the times, RO Developments aims to build practical and affordable space to suit the needs of local research and development occupiers
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Romania Property Fund rescue talks
18 June 2010
AIM-listed Romania Property Fund is in talks about a reverse takeover to avoid going into administration
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Safestore racks up revenue
18 June 2010
Safestore, the largest self-storage company in the UK and Paris, performed solidly in the first half of its financial year and said the second half had begun “positively”
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Sainsbury's gets consent for £40m Kings Lynn development
24 June 2010
Sainsbury’s and developers Morston Assets have been given permission for a £40m retail-led scheme in Kings Lynn.
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Saints a spinner
18 June 2010
Fashion retailer All Saints has signed up for one of its largest UK stores, comprising 5,800 sq ft of ground and 3,500 sq ft of mezzanine level space at Manchester’s Spinningfields development
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Savills' Rotterdam office market quarterly bulletin - Q1 2010
5 July 2010
The occupier market in Rotterdam showed a promising first quarter with demand up by 24%. Investment however is falling significantly behind ast year’s figures.
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Savills' The Hague office market bulletin - Q1 2010
5 July 2010
The occupier and investor markets in The Hague are telling different stories. Demand is still falling and vacancy rising, while at the same time he level of investments clearly exceeded last year’s quarterly average.
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SEB completes Condor House purchase
21 June 2010
SEB Asset Management has completed its purchase of Evans Randall’s Condor House in the City of London for its open-ended real estate fund SEB ImmoPortfolio Target Return Fund.
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Segro completes Airport Property Partnership deal
22 June 2010
Segro’s acquisition of BAA’s 50% interest in the Airport Property Partnership, a joint venture with Aviva Investors, will be completed today.
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Segro to delist from Euronext Paris
24 June 2010
Segro is to delist from the NYSE Euronext Paris – partly due to low transactional volumes in the French capital.
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Shortlist for Middlesex Hospital site drawn up
18 June 2010
One of China’s largest property companies, Soho China, is on the shortlist to buy the former Middlesex Hospital site in London’s Noho for around £130m.
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Slide show at Ebbw Vale outlet centre
18 June 2010
Toboggan slide and adventure playground to join shops at Festival Park
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Somerset council agrees plan to vacate 40% of office space
21 June 2010
Somerset County Council has today approved plans to vacate 40% of its office space as part of its property rationalisation programme.
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Speculation sells Grange Park
18 June 2010
Evander Properties has bought a 20-acre development site at Grange Park in Northampton from Shepherds for £6.6m, funded by the British Airways Pension Fund (BAPF)
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St Modwen turns up the volume
18 June 2010
Regeneration specialist finds housebuilders increasingly keen for deals
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Standard Life Investments property head takes early retirement
18 June 2010
Alex Watt, managing director of property investments at Standard Life, is to take early retirement, it was announced today.
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Starwood Hotels to open an Aloft Hotel at London’s ExCel
22 June 2010
Starwood Hotels & Resorts has signed up to open an Aloft Hotel at Excel in London’s Docklands ahead of the Olympic Games in 2012.
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Stately home owners plan development on wider estate
22 June 2010
The trustees of the Chatsworth Estate are looking at development opportunities for its land holdings across the north Midlands.
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Studley to sell two of Paul Kemsley’s former New York properties
16 June 2010
Brokerage firm Studley has been appointed by the administrators of Paul Kemsley’s Rock Joint Ventures to sell two office buildings in Manhattan.
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Swarovski signs for 'Crystal Forest' in Oxford Street
23 June 2010
Swarovski has signed up for a 2,000 sq ft ‘Crystal Forest’ flagship store at 321 Oxford Street, London, as first revealed by Property Week on 1 April.
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Swindon parade new development
18 June 2010
Redevelopment work at the Parade Shopping Centre in Swindon is on target. Owner UK Commercial Property Trust and its development partner, Shearer Property Group, exchanged contracts with River Island for a 9,500 sq ft store this week
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Tesco beats Whole Foods in break for Oxford Borders
18 June 2010
Supermarket beats Whole Foods Market to occupy 26,250 sq ft in Magdalen Street with Metro store
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Tesco is green lit in Northern Ireland
18 June 2010
Tesco has achieved planning consent for a large store development in Newtownards, County Down, which will also be the debut of its new environmental format store in Northern Ireland
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Tesco stays behind in Bath
18 June 2010
St James’s Investments has bowed to pressure from Bath residents to retain the facade of the 1930s Bath Press on Lower Bristol Road and to develop a 45,000 sq ft Tesco in the 5 acre site between the facade and the River Avon
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The wonder of you
18 June 2010
The property industry’s great and good participated in the annual Stars in their Eyes style jamboree Party Near the Park, which raised funds for LandAid
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Three-quarters of Britons want more housebuilding
18 June 2010
New housebuilding has won surprisingly high consumer support in a YouGov survey, although people want reassurance that doctors’ surgeries, hospitals and schools do not suffer from more houses being built in their area
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Tim Wheeler Blog: "Allez Allez"
21 June 2010
After a quick pose for photos outside the official Tour start the party set off at 8am arriving in Brussels just under 12 hours later.
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Tim Wheeler Blog: A load of cobbles
22 June 2010
Another 12 hour 215 km day !
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Tim Wheeler Blog: Corinthian Cycling
24 June 2010
Another “easy” rolling day which I spent with the property team led by James Wates, Chris Mills etc.
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Tim Wheeler blog: Day 4 Cambrai- Eperney: 160km
23 June 2010
Champagne Cycling
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Tim Wheeler Blog: Our intrepid cyclist reaches the end of the line
12 July 2010
Stages 18 Orthez-Bordeaux 185km;19 Bordeaux-Pauillac 50km; 20 Massy-Paris 50km
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Tim Wheeler Blog: The Pain Begins
17 June 2010
3 days to go before the start of the 3600km Tour de Force, mirroring the route of this year’s Tour de France, over 20 stages and 3 weeks, which starts itself in 2 weeks time.
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Top 10 tips to avoid insolvency
18 June 2010
Insolvency trade association R3 offers its tips for avoiding corporate insolvency in 2010
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Uncertain future for West Northants development body
16 June 2010
The government is considering axing the West Northamptonshire Development Corporation (WNDC) and transferring its powers to the local authority.
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Victoria's Secret to make UK debut
22 June 2010
Victoria’s Secret, the US lingerie chain, is to make its UK debut in a store in Bond Street.
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Water-tight info to continue
18 June 2010
Sir, Buying a home is the most significant purchase of our lives
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Welcome inn
18 June 2010
One of London’s oldest buildings, which dates back to the 13th century, is for sale
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West End chiefs make plea for Crossrail
22 June 2010
Cutting or scrapping Crossrail would be “short sighted”, West End business leaders, including Marks & Spencer chairman Sir Stuart Rose and chief executive of Great Portland Estates Toby Courtauld, have warned the government ahead of today’s emergency budget.
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West End in whirlwind of lettings
18 June 2010
Around 100,000 sq ft of West End and Midtown lettings were agreed this week. In Bloomsbury, charity Age UK has taken 55,000 sq ft at 1 Tavistock Square, a former Department of Work and Pensions now let to Telereal Trillium
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What to know: Emergency Budget
18 June 2010
British Property Federation’s Andrew Teacher speculates on next week’s emergency Budget
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Whom to know: Ben Page, Ipsos-MORI
18 June 2010
Market researcher with political ties comes to the fore as property chiefs look for guidance
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Yorkshire foreword: Edward Ziff
18 June 2010
Next two years are crucial for region’s economic survival
