2 March 2001
Property Week
View all stories from this issue.
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American dream
2 March 2001
Hines Air Property has revealed ambitious plans for a new business venture at Heathrow, on top of the two sites it has already bought at the airport.But competition for land is fierce as other big US specialists circle the airport for development sites.
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Basin the place
2 March 2001
Detailed Paddington residential applications in
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Bedfordshire offices: High for Luton
2 March 2001
Take-up has increased dramatically, but rents have only started to rise in the past year
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Beds & Bucks
2 March 2001
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Beds & Bucks: top shopping locations
2 March 2001
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Belfast scheme wins consent for third time
2 March 2001
The Belfast Court of Appeal last week gave the go-ahead for an £80m out-of-town retail and leisure complex in Belfast Harbour Estate.
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BP to sell £25m Knightsbridge island site
2 March 2001
BP Pension Fund is to put its Knightsbridge Green Estate on the market this month as it rebalances its central London property portfolio.
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Brentford offices: A changing skyline
2 March 2001
GlaxoSmithKline's new HQ dominates the skyline
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BT development sites in jeopardy
2 March 2001
City planning officer warns that telecoms watchdog will scupper schemes for international occupiers
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C&R pulls plug on net shopping mall
2 March 2001
Worries over profitability cause a third operator to pull out of internet malls
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CB Richard Ellis in $750m buyout deal
2 March 2001
CB Hiller Parker's parent goes private backed by US private equity companies
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Cisco to sign biggest ever Scottish pre-let
2 March 2001
US giant poised to commit to 300,000 sq ft phased pre-let at Akeler's Glasgow scheme
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CLS makes 34% NAV increase
2 March 2001
CLS Holdings, a perennial top-flight net asset value performer, has posted a performance for 2000 that will be difficult for other December year-end companies to beat.
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Cost-cutting Morrison to close London office
2 March 2001
Redundancies and relocation for developer in post-Anglian Water merger rationalisation
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Dreaming tyres: Harley roars into Oxford
2 March 2001
It may not be the sort of place James Dean would have ridden into, but Arlington's Oxford Business Park is to be the new home for Harley-Davidson motorcycles in Europe. Harley is leaving its premises in Brackley and Windsor to consolidate its 65 staff in 2,990 sq m (32,140 sq ft) at the park. Work is due to start this June with completion by March 2002. Strutt & Parker is letting ...
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Dwyer begins £200m central London spend
2 March 2001
Private company splashes out £82m in bid to secure higher-growth stock
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Freeport storms into European expansion
2 March 2001
New bonus scheme will incentivise factory outlet developer's management teams
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Front loaders
2 March 2001
Just five years after it was established, and with a £150m programme already under way, Frontier Estates is now looking at development opportunities beyond its Milton Keynes heartland.
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Gallagher to buy Sunderland site
2 March 2001
Midlands developer JJ Gallagher has entered into exclusive talks with Whitbread over the purchase of the Vaux brewery site in Sunderland.
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Giant occupiers sign global corporate real estate agents
2 March 2001
International occupiers are continuing to recruit agents on worldwide and European corporate real estate commissions despite the slowdown in the US economy.
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Hammersmith offices: Hammering home
2 March 2001
Hammersmith needs to try harder to reach the top rents
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Heathrow office/industrial: Heathrow markets flying high
2 March 2001
Strong demand in both sectors
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How to ... Find your way around serviced offices (pt1)
2 March 2001
The UK serviced office market has become big, very big.
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Industrial: Pure speculation
2 March 2001
Milton Keynes has a number of speculative schemes under construction.
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Inner City
2 March 2001
Make no mistake, London mayor Ken Livingstone wants to be taken seriously by the property industry.
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JER spending reaches £1bn with two buys
2 March 2001
Boss Alex MacLachlan links up with two other US fund managers to buy £261m of offices
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Keeping the police: Salmon leaps into ambitious museum scheme
2 March 2001
salmon Harvester, the joint venture between NFU Mutual and Salmon Development, is to create a museum for London's police forces as part of an elaborate Covent Garden deal.
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London Boroughs West
2 March 2001
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London boroughs west: top shopping locations
2 March 2001
The map shows the proportion of overall shopping populations in each location visiting for convenience and comparison goods shopping purposes. Because consumers generally shop more often for food than non food goods, visitor numbers to trading locations containing main grocery offers will always be higher than those of centres with similar sized shopping populations but without supermarkets. The table shows the top 10 locations in the area, measured by size of comparison goods shopping ...
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Merivale gazumps DevSecs' cash bid
2 March 2001
Dunsterville Allen board recommends improved partial cash offer to shareholders
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Milton Keynes offices: Driving a hard bargain
2 March 2001
Car parking charges may increase the appeal of second-hand space
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Mouths of the south
2 March 2001
Early plans for Portsmouth city centre were unveiled at a Property Week event last week.
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Niche market
2 March 2001
News and deals from around the region
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Now the good news…
2 March 2001
For Luton, plans to redevelop the station area may represent a glimmer of light at the end of the tunnel, following years of neglect and Vauxhall's decision to axe 2,000 jobs. But there are still a number of hurdles to be overcome
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Pall Mall pioneer: Haslemere bags unique deal
2 March 2001
Haslemere has signed a pioneering letting deal at Kinnaird House, 1 Pall Mall East
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Park Royal industrial: Nucleus at core of action
2 March 2001
There is a wave of speculative development
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People
2 March 2001
Hot property Robin Broadhurst has been appointed as a non-executive director of Grosvenor. He takes over from Sir John James, who is retiring. Robin began his career as a trainee surveyor 1966. He has been European chairman of Jones Lang Lasalle since September 2000 and also chairs the Property Advisory Group. Robin is married with four children and is a trustee of the ...
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Planning for the life cycle
2 March 2001
The purchase price of a building is likely to represent just 20% of its whole-life cost. Those who buy buildings without accounting for their long-term costs could be throwing away a small fortune
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Planning: Going places
2 March 2001
Promoting growth for Milton Keynes could prove a difficult policy to implement
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Prescott calls in Ronson's tower
2 March 2001
Environment secretary John Prescott dealt a blow to Gerald Ronson's tower plans for London's Bishopsgate by calling in the planning application this week.
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Prescriptive right of way
2 March 2001
Should a buyer rely on a prescriptive right that benefits a property? Though it is possible to rely on the prescriptive right, buyers need to take care
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Regus revenues reach £421m...
2 March 2001
Global serviced office provider Regus produced £5.6m of underlying pre-tax profits last year as revenue more than doubled to £421m.
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Retail: Centre of attention
2 March 2001
Milton Keynes' dominance is scaring investors away from Bedford
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Ruhan in storm over £20m claim
2 March 2001
A writ was issued this week in the High Court against telehouse entrepreneur Andy Ruhan and Kevin Maxwell, son of the late Robert Maxwell.
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Rutland consent for Thames Valley's first 'technopark'
2 March 2001
Private property company gets go-ahead for £200m phase at Heathrow's biggest business park
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Second win for Carter and Prew
2 March 2001
Credit Suisse First Boston property analysts Alan Carter and Mike Prew have picked up their second award in a month, chosen as the number one team in the annual Reuters survey of fund managers.
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Serving you right
2 March 2001
Happy tenants are good business. Saville Gordon, Dorrington Properties and Chartwell Land are three landlords that have canvassed their tenants' views, listened to them and taken action.
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South Bucks offices: high-spec times for High Wycombe
2 March 2001
Rents in High Wycombe have continued to close the gap with Marlow, and big name developers are queuing up for office space in both areas.
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Stamp duty
2 March 2001
Next week's Budget will see transaction tax reduced if the BPF gets its way. But if this is unlikely, hopes are high that Stamp Duty will not rise.
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'Thinking man's John Prescott' will deliver classic election tax-cut budget
2 March 2001
You don't need a former minister and political consultant to tell you that the chancellor is going to cut taxes in the Budget.
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Three vie for £45m Bolton retail scheme
2 March 2001
Centros Miller, Crest Nicholson and Asda St James compete for Beehive site
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Twin Towers: sold for $3.25bn
2 March 2001
Vornado, New York's largest commercial landlord, has snapped up the 99-year leasehold interest in New York's Twin Towers from the Port Authority in a $3.25bn (£2.24bn) deal. Headed by Steve Roth, Vornado has been selected ahead of two competing partnerships – Boston Properties/Brookfield and Silverstein Properties/Westfield America – to buy the Twin Towers, at 3 & 4 World Trade Center, and the shopping concourse. The deal for the 929,000 sq m (10m sq ft) development reflects ...
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Uxbridge offices: All bright on the western front?
2 March 2001
Uxbridge is benefiting from a good location and excellent transport links
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Will the real reason for Stamp Duty rises stand up?
2 March 2001
On 7 March, Gordon Brown will set out his final Budget of this Parliament.
