All Property Week articles in 20 February 2009
View all stories from this issue.
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APC Advice - Week 31: The 15-month review (part 4)
It is important that supervisors ensure the 15-month meeting is concluded properly, says Jon Lever. Meanwhile, Ben Elder looks at the competency on capital allowances.
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Property market 'will not begin recovery until June 2010'
The property market will begin to recover in June 2010 according to an online poll of Property Week readers.
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Sir Philip Green to merge Arcadia and Bhs
Sir Philip Green, the retail entrepreneur, is to merge his Bhs and Arcadia businesses to cut costs and stores.
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Former LandSecs director joins Turner & Townsend
Consultancy company Turner & Townsend has appointed Steve McGuckin as its managing director of UK programme & project management division.
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Cathedral Group selected for Bromley scheme
Bromley Borough Council has selected Cathedral Group as its development partner for a key site at the southern end of Bromley High Street as part of wider proposals to revive the town centre.
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Terrace Hill suffers 40% NAV plunge
Terrace Hill has suffered a 39.8% drop in its net asset value in the year to 31 October due to asset writedowns.
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Councils to receive £100m contigency funds to combat crunch
Councils across England are to receive around £100m in contingency payments, 'to be used as they see fit to help meet local needs and priorities' and combat the credit crunch.
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Glenkerrin's Isle of Dogs tower plans deferred
Glenkerrin's plans to develop a series of towers at its two Isle of Dogs sites were delayed this week after Tower Hamlets Council deferred a decision on granting planning consent.
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ProLogis parcels up Swan Valley hub for Royal Mail
ProLogis and Aviva Investors have completed a deal to build Royal Mail a new distribution centre and mail hub at a 200,000 sq ft facility in Northampton.
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Aldi buys into Inverurie in Abeerdeenshire
Discount Geman food retailer Aldi was given the go-ahead for a store in Inverurie, Aberdeenshire yesterday.
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Indian property sees mixed effect if duty cuts
The real estate industry is not enthused at the cut in duty on bulk cement from 10% to 8%. However, the cut in service tax rate from 12% to 10% will benefit those who have taken large commercial properties on rent.
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Cost favour buyers over renters as prices drop
The relative cost of owning versus renting is swinging back in favour of homeownership in some U.S. markets, buoyed by several quarters of sharp declines in home prices.
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Australian REITs 'in ruins'
The probability of ruin is absolute - any self-respecting risk theorist will tell you that. Ruin is certain. It's just a matter of time.
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CountryWide to sell assets after AUS$714m loss
Macquarie CountryWide Trust has booked a $714m half-year net loss and yesterday announced $548m of property sales to try to get out of debt.
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Goodman makes half-year loss of A$465.9m
Goodman Group swung to a net loss in the first half after more than A$1bn of asset writedowns.
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Segro renegotiates debt covenants
Segro has renegotiated its debt covenants to give it ‘additional headroom’ in the difficult market.
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Foreign investors target retail
Foreign investment interest in the mainland property market is on the rise, but investors have shifted their focus from development sites to retail property because of the uncertain market outlook, analysts said.
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HK and Singapore bear brunt of woes
The worsening global financial crisis has hit the Asian property market across the board over the past six months with cities such as Hong Kong and Singapore suffering the sharpest falls in prices.
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Sorouh launches flexible payment schemes
Sorouh Real Estate, the second largest property developer in Abu Dhabi, is exploring payment schemes that would make it easier for people to buy new homes during a period of tightened credit.
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Russian economy hammered by 8..8% slump
Russia’s gross domestic product contracted by 8.8% year-on-year in January, Russia’s economy minister said yesterday.