All Property Week articles in 19 August 2011
View all stories from this issue.
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OnlineLend Lease boosts profits by 43%
International property and construction business Lend Lease grew profits by 43% over the last year as it gave a bullish view of the international property markets.
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OnlineShell takes space at Max Property Group Manchester business park
Max Property Group has let 30,000 sq ft in a Manchester business park to Shell UK.
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OnlineParkridge update: PwC confirms appointment to Cutts' collapsed business
PwC has confirmed its appointment as administrators to John Cutts’s Parkridge Holdings and Parkridge Gate Developments, as revealed by Property Week this morning.
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OnlineFinal five TJ Hughes stores to close
The administrators of Liverpool-based retailer TJ Hughes has announced the closure of the final five stores after failing to find a buyer.
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OnlineLiverpool-based Downing to make London development debut
Liverpool-based student property specialist Downing has announced plans for its maiden development in London with a 32-storey, mixed-use scheme in Vauxhall, TheBusinessDesk.com reported today.
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OnlineScottish Widows to provide £100m funding to DevSecs' Hammersmith scheme
Scottish Widows has agreed to provide around £100m of forward funding for Development Securities’ 275,000 sq ft Hammersmith Grove office scheme in West London.
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OnlineSellar completes Pompey Centre refinancing
Irvine Sellar has completed a £40.3m refinancing of his 300,000 sq ft Pompey Centre next to the home of Portsmouth FC’s home Fratton Park.
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OnlineCutts’ Parkridge Holdings collapses into administration
John Cutts’ Parkridge Holdings collapsed into administration yesterday, propertyweek.com can reveal, in a bitter blow to one of property’s most successful entrepreneurs.
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OnlineRussian investor buys One Hyde Park Rolex store
A Russian investor has exchanged contracts to buy the flagship Rolex store at One Hyde Park for a net initial yield of less than 3%.
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OnlineNewRiver announces flurry of deals
NewRiver Retail today announced a flurry of deals across the country including purchases, a sale and an appointment as development manager.
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OnlineMORNING AFTER: BCSC New Generation Summer Social
Top names from the retail industry gathered at Home House in London’s West End for the BCSC New Generation Summer Social on Wednesday.
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OnlineProperty Week wine blogger appointed law firm partner
Law firm McClure Naismith has appointed Property Week wine blogger and London lawyer Mark Adams as a partner.
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News
Lombok’s second prepack
Lombok this week completed a “prepack” administration, whereby parts of the business have been sold to its management team
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Markets
Q+A: Livingston’s Schuh is made for walking
In June, US retailer Genesco bought Livingston-based Schuh Group for £125m. The takeover heralded a new era of accelerated expansion for the footwear retailer, as it seeks to double its 59 UK stores over the “next few years”. David Hatcher spoke to managing director Colin Temple
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MarketsTake two … portfolio-expanding investors
Two investors in Scotland plan to expand their portfolios. Here, Manse’s managing partner tells David Hatcher how he aims to do more development deals and below, Resonance’s founding directors describe how they will spend their £150m fund with Moorfield
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News
London & Stamford’s Harlow victory
London & Stamford Property has completed its purchase of a Tesco-occupied distribution unit in Harlow for £22.9m – a net initial yield of 7.5%. There are 12.5 years left on the lease of the 273,155 sq ft warehouse. Dowley Turner Real Estate advised London & Stamford; Allsop and Philips Roth ...
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NewsPramerica’s ground rent hat-trick
Pramerica Real Estate Investors this week raised £98m for its ground rent fund and bought the ground rents of Vintners Place in the City of London and other properties
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MarketsLand Securities hooks trio of retailers in Glasgow
Monsoon, Office and Skechers to take space at 185-221 Buchanan Street
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News
Tesco invades Fort William
Miller Developments has signed Tesco as the supermarket for its £50m mixed-use project in Fort William, Scotland. Tesco will be the first occupier at the Blar Mhor/Corpach Moss site, and will be the catalyst for the start of infrastructure works. The first phase of the development will involve an initial ...
