All Property Week articles in 20 April 2012
View all stories from this issue.
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Hammerson bond buy-back meets enthusiastic response
Hammerson has agreed to buy back €220m of debt from bondholders after an enthusiastic response to its offer.
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LXB consent for £110m Bedfordshire scheme
LXB Retail Properties has been granted planning consent for a £110m retail warehouse scheme in Biggleswade, Bedfordshire.
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Leslau sells in Midtown
Nick Leslau’s Prestbury has sold 6-10 St Andrew Street, EC4 for £23.5m.
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UK Commercial Property Trust NAV takes a hit
Net asset value at UK Commercial Property Trust fell by 1.9% over the first quarter of the year, the company said today.
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Whitbread reports strong results
Whitbread, the owner of Premier Inn and Costa Coffee, reported strong results for the year to 1 March 2012 this morning.
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Lend Lease pays $56m in fines over US fraud
The Australian construction and development company Lend Lease has had to pay $56m in fines to avoid criminal prosecution in the US.
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GBR Phoenix Beard appointed to Birmingham’s 2 Snowhill
Niche agent GBR Phoenix Beard has been appointed as joint letting agent at Hines’s 2 Snowhill office scheme in Birmingham.
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Capital Shopping Centres revolt breaks out over pay
The annual general meeting of Capital Shopping Centres yesterday saw 28.73% of shareholders vote against the directors’ remuneration.
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Lok’nStore profit hit by debt costs
Lok’nStore has reported a 22% decline in first-half pretax profit as a result of higher interest payments and a one-off debt refinancing charge.
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REIT begins work on first phase of £15m Monument Mall upgrade
The discount designer retailer TK Maxx has signed a prelet at Monument Mall scheme in Newcastle in the same week that redevelopment starts.
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CBRE grows revenue but Europe posts losses
CBRE last night reported first quarter growth in revenue and underlying profit on a global level – but saw its European and Asian businesses post operating losses.
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CBRE sees growth but Europe and Asia make operating losses
CBRE last night reported first quarter growth in revenue and underlying profit on a global level – but saw its European and Asian businesses post operating losses.
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Fresh Centre Point images unveiled
Almacantar and Frogmore have released a fresh handful of images showing how their redevelopment of London’s iconic Centre Point would look.
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Lloyds steps up £25bn Irish distressed loan workout
Lloyds Banking Group has appointed advisers for two parts of its strategy to work through its £25bn Irish property headache.
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UK market shrinks says DTZ
DTZ’s influential Money into Property report today revealed that the UK property investment market shrank by 1% in 2011, and predicted further pain to come from bank deleveraging.
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UK investment markets shrinks, "Money into Property " says
DTZ’s influential Money into Property report today revealed that the UK property investment market shrank by 1% in 2011, and predicted further pain to come from bank deleveraging.
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Allied Carpets sold in pre-pack administration… again
Allied Carpets has been bought in a pre-pack deal after falling into administration for the fourth time in the past three years.
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Celebrity chef Nick Nairn to open cookery school in Aberdeen
Celebrity chef Nick Nairn has signed to open a cookery school and shop in Aberdeen.
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St Modwen and Vinci buy Uxbridge site
VSM Estates, St Modwen’s joint venture with Vinci, has completed the purchase of RAF Uxbridge in west London for its Project MoDEL contract.