All Property Week articles in 20 July 2007
View all stories from this issue.
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OnlineKenmore Homes to develop in Thetford
Kenmore Homes has formed a joint venture partnership with Norwich-based developer Chessfield Estates to build new homes for local and first-time buyers in the historic town of Thetford as part of its Eastern expansion.
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Direct investment in Europe grows in 2007
Direct investment in European property increased by 12% in the first half of this year compared to the same period last year.
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Housebuilder welcomes green paper planning assault
Tony Pidgley, managing director at Berkeley Homes, welcomed the housing green paper’s attempt to tackle local authority planning delays, which he regards as ‘the big hold-up’ in the process. Financial Times
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Starbucks puts India plans on hold
Starbucks is to delay plans to open coffee shops this year in India, one of five countries named by the chain as a focus for international expansion alongside Russia, China, Egypt and Brazil. The Times
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UK plc market cap is £6.5 trillion
The government released figures showing that 60% of the country's £6.5 trillion wealth is now tied up in property. The Times. The Guardian. Financial Times
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Sainsburys write to Qatari premier
The Sainsbury family have written to the prime minister of Qatar to emphasise their opposition to a highly leveraged buyout of the supermarket chain that bears its name by his investment fund, Delta Two. The Times.
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Ilva accounts reveal £11.5m start-up losses
Ilva, the troubled furniture chain, ran up losses of £11.5m before it had even opened the doors of its first UK store, a
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Baugur bags Saks stake for US push
Baugur, the Icelandic investment company that owns some of the best-known names on the British high street, has turned its attention to Main Street, US. Daily Telegraph. Financial Times
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Sports Café’s Birmingham sale
Sports Café Holdings is to sell its venue in Birmingham for £4.4m under a sale and leaseback. The Times
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Hypo Real Estate names prices for Depfa
Hypo Real Estate Holdings has agreed to buy Dublin-based Depfa Bank for €5.7bn (£3.8bn). The Times
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$1bn Saudi sukuk
Lovells has completed its first big Sharia-compliant deal since opening its Dubai office – a $1bn sukuk for Dar Al Arkan Real Estate Development Company. The Times
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Witches claim victory in Hammerson name row
A coven of witches is claiming victory in its battle to get the name of a £350m Hammerson shopping centre changed. The Times. Daily Telegraph
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Housing Green Paper sets out ambitious targets
More than £6.5bn will be spent on social housing and at least £8bn on affordable homes over the next three years if proposals in the government’s Housing Green Paper published on Monday are implemented.
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OnlineCrown Estate buys hotel in Windsor
The Crown Estate has bought Ye Harte & Garte Hotel in Windsor for £26m.
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OnlineBlears to headline RESI '07
Hazel Blears, the new secretary of state for Communities and Local Government, is to speak at RESI 07
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Cluttons buys cost consulting firm
Cluttons has bought the niche cost consulting firm Paul Jennings Associates for an undisclosed amount.
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Sustainable communities are cost-effective
Sustainable communities are at least as commercially viable as conventional developments, if not more so, according to research published today by the Prince of Wales.
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GE agrees £417m deal for controversial trust
GE Real Estate has struck a conditional £417.5m deal for the listed property trust at the centre of a legal row.
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Tesco ‘could kill off estate agency’
An estate agent is asking rival businesses to band together amid concern that the entry of Tesco into the home-selling market could drive many smaller firms out of business. The Independent
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Housing green paper to ignore flood warnings
Gordon Brown’s plans to build thousands of homes will increase the risk of flash flooding, worsen traffic congestion and damage the green belt, a government adviser has revealed ahead of the housing green paper, to be published this afternoon. Financial Times. Sunday Telegraph. Daily Telegraph
