All Property Week articles in 19 October 2007
View all stories from this issue.
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News
Overton joins Highcross
Property fund manager Highcross has poached Gerry Overton from Atisreal’s Southampton office. He will join as asset manager after 11 years with Atisreal. Overton will work on projects such as the 285,846 sq ft development at 1,000 Lakeside in Portsmouth, which is undergoing refurbishment.
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Hercules sells Kent retail park
British Land Hercules Income Fund, advised by Churston Heard, has sold the freehold of the B&Q store at Park Farm Retail Park in Folkestone, Kent, to a private investor for £12.7m a net initial yield of 5.15%. The 53,370 sq ft unit is held on a 20-year lease ...
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HSBC goes mega in Leicester
HSBC will open a 16,150 sq ft ‘mega-branch’ bank at Gallowtree Gate in Leicester. The four-floor store has been taken on a 15-year lease from Morley . CB Richard Ellis advises HSBC. There are now five UK ‘mega-branches’ including London, York, Edinburgh and Sheffield.
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Springside puts in Edinburgh plan
Springside, a joint venture between Grosvenor , Edinburgh-based residential developer AMA and the Royal Bank of Scotland , has submitted a planning application for 59,000 sq ft of offices at the acre mixed-use scheme at the former Scottish & Newcastle brewery in the Fountainbridge area of Edinburgh’s city ...
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Rok to build Mancs trade centre
Rok Development is planning a £10m Stax Trade Centre on the Wardley Industrial Estate in Swinton, Greater Manchester. It will build a 100,000 sq ft centre at the site, a former News International paper storage facility.
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Frankie & Benny’s at Four Pools
Henderson Global Investors, advised by Edgerley Simpson Howe, has let the former Little Chef at Four Pools retail park in Evesham, Worcestershire, to the Restaurant Group for a Frankie & Benny’s. Itis taking the 3,256 sq ft on a new 25-year lease at £75,000 a year with a tenant ...
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OnlineCustom House Capital buys in Paris
Custom House Capital, the Irish wealth management company, has bought three French offices to kick start its new fund.
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Online
DevSecs forward sells Manchester office
Development Securities has forward sold the office component of its CityPark development in Manchester.
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Credit crunch could delay HIP roll-out
The controversial home information packs could be delayed following the turmoil in the financial and property markets. Sunday Telegraph
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CBI hopeful of Darling meeting
The Confederation of British Industry is to meet Alistair Darling, the Chancellor, this week to try to convince him to change his mind over new tax rules proposed in his pre-Budget report. Sunday Telegraph, Financial Times, The Times, The Daily Telegraph
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News
House prices ‘to stay flat for years’
Home owners may not see any growth in the value of their properties for several years, with some regions next year suffering their first annual price falls for a decade. Sunday Times
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Baugur fashions German expansion
Icelandic investment company Baugur is planning a drive into Germany. Sunday Telegraph. Sunday Times
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Kier Group ponders selling pension fund
Construction grouop Kier Group is understood to be looking at options for its pensions scheme which could include passing it on to a third party. Sunday Telegraph
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City of London proposes business levy to fund Crossrail
The City of London is putting together a £150m levy on large companies across London to help to pay for the much-delayed £16bn Crossrail project. The Times
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News
Old War Office up for sale
The Government is to sell Old War Office as part of the Government’s programme to move civil servants out of London. Sunday Telegraph
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News
EastEnders may move in Elstree sale
The BBC could move its EastEnders set to Pinewood and sell its Elstree facility as part of its cost-cutting measures. Sunday Telegraph
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News
Housing recession 'unlikely'
Britain’s housing market will not crash, despite the prospect of a slowdown in the economy next year, according to the Ernst & Young Item Club’s new forecast for the economy. Sunday Times, Independent on Sunday, Financial Times.
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News
Barratt chiefs build stakes on share dip
Directors at Barratt Developments bought more than £400,000 of the house builder’s shares on Wednesday at close to a two-year low. Sunday Times
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Online
Workspace gets go ahead for £85m JV.
Flexible business space provider Workspace has planning permission for an £85m joint venture in Wandsworth, south west London.
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Online
Pooled funds suffer in UK market slowdown
UK pooled property funds recorded their worst three-month performance in the third quarter since March 1993.
