All Property Week articles in 19 March 2010
View all stories from this issue.
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Mucklow’s NAV drops in “subdued” Midlands market
A J Mucklow’s net asset value dropped slightly in the second half of last year after a small drop in the value of its industrial portfolio.
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Standard Life sues Topland over 2003 Holborn deal
Investment company Topland is being sued over the £58m purchase of a Holborn property in 2003, because the vendor Standard Life alleges that Topland failed to disclose details of negotiations with the tenant while the deal was being done.
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MIPIM BLOG: What have I let myself in for?
To MIPIM or not to MIPIM? That is a good question. And it gets a different reply every time.
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Grainger picked for massive Aldershot scheme
Grainger, the UK’s biggest listed landlord, has been picked as the preferred developer of 4,500 homes on one of the south-east’s largest brownfield sites, the Aldershot Urban Extension at Aldershot Garrison, PropertyWeek.com can reveal.
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Henderson’s retail park moves
Henderson Global Investors’s Retail Warehouse Fund has sold a retail park in Leeds and simultaneously bought another in Waterlooville.
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Waverley Gate up for sale
Waverley Gate, the 217,000 sq ft office building in Edinburgh city centre has been put up for sale by its administrator, BDO Stoy Hayward.
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Budget 2010: £35bn public property sell-off
UK councils and other public agencies will look to dispose of property worth £35bn in the next decade, a government report says today.
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Allsop auction sees 84% sales rate
Allsop saw “steady improvement” at its commercial auction yesterday, recording a success rate of 84%.
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EC Harris takes Piccadilly Place space
EC Harris has taken the tenth floor at Three Piccadilly Place in Manchester.
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Dubai offers Dubai World $9.5bn of new funds
Dubai will support Dubai World’s debt restructuring with $9.5bn as the state-owned holding company asks creditors to wait up to eight years to get all their money back.
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More HK developers cap sales
Sun Hung Kai Properties and Henderson Land Development, two of Hong Kong’s biggest builders, are joining rival Cheung Kong in capping the number of homes for each buyer amid concern demand from speculators is fuelling a property market bubble.
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Nakheel to get $8bn from Dubai government
Nakheel, the developer owned by Dubai World, will receive $8bn in cash from the Dubai government, taking the total support to $9.2 bn, and enabling the company to repay contactors and complete projects.
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China set to curb house prices further
China is likely to introduce more policy changes this year to cool its real estate market, according to Deloitte Touche Tohmatsu.
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Australian central banks warns on commercial property loans
While Australia’s financial system has remained resilient, a rise in poorly performing commercial property loans needs to be monitored, the central bank said.
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Oz fund fallout traps mum and dad investors
Small investors have more than A$900m trapped in troubled fund manager Orchard's suite of unlisted property trusts as the sale of the head stock continues to play out.
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BofA launches mortgage debt scheme as prosecutors circle
Under pressure by Massachusetts prosecutors, Bank of America Corp. said Wednesday it would reduce mortgage-loan balances as much as 30% for thousands of troubled borrowers, in what could presage a wider government effort to encourage banks to offer debt reduction to ease the mortgage crisis.
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Citigroup warns China facing ‘Boom, Bubble and Bust’
China appears on track for an “asset boom, bubble and bust” that may take three years to play out and probably won’t be thwarted by tighter economic policy, Citigroup Inc. economists said.
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Nakheel to get $8bn in cash From Dubai’s government
Nakheel PJSC, the developer owned by Dubai World, will receive $8 billion in cash from the Dubai government, taking the total support to $9.2 billion, and enabling the company to repay contactors and complete projects.
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Budget 2010: Government to launch TIF pilots
The government is to set up Accelerated Development Zone pilot schemes, allowing it to test the Tax Increment Financing (TIF) mechanism for development funding in England and Wales.
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Budget 2010: Report to help create “Whitehall of North”
Plans to create a Manchester campus of civil servants comparable to Whitehall gained support from an independent review today.