All Property Week articles in 21 August 2009
View all stories from this issue.
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Online
VAT provides weapon for landlord's negotiations
VAT is providing landlords with a new weapon when negotiating with tenants, DTZ has said.
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OnlineDTZ: 'Changes to VAT offer opportunities for investors and occupiers.'
'Since 1 August 2009 landlords of commercial property have another tool available to them in their bid to combat vacancy rates. Owners can now opt to remove the VAT payable on sales and lettings as the twenty-year lock-in has come to an end.'
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OnlineAberdeen Property Investors: Benelux Quarterly Property Snapshot - August 2009
'The Benelux countries saw high levels of contraction during the first part of 2009, partly due to the open, export led nature of their economies. Contraction (year-on-year) amounted to 5.5% in Luxembourg (Q1), 5.1% in the Netherlands (Q2) and 3.4% in Belgium (Q1). However, the worst of the recession seems ...
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OnlineSavills: European commercial markets quarterly data bulletin - Q2 2009
'A modest increase in investment activity in the second quarter has held back the significant upward yield shift experienced over the previous three quarters. On the other hand many markets are still at the early downswing stage of the rental cycle'.
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OnlineBNP Paribas Real Estate: South East Office Market - Q2 2009
'There is no doubt that the market will remain difficult for the remainder of the year and this will continue well in to 2010 as well. Popular sentiment suggests that the Occupier market tends to lag around 12 months behind the investment market. With many taking a more positive outlook ...
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OnlineLaSalle CEO Jeff Jacobson heads to Asia
LaSalle Investment Management CEO Jeff Jacobson will relocate to LaSalle’s Asia headquarters in Singapore from January next year.
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Westfield rules out share sale
Westfield Group, the world’s largest owner of shopping centres, said property values in the US, UK, Australia and New Zealand markets have reached their low and the company doesn’t need to sell shares to raise capital.
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Canada adds retails pace in face of recession
Canadian developers added retail space at a record pace while the country’s economy went through a recession, spurred on by shoppers and investors such as the Ontario Teachers’ Pension Plan continuing to spend.
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Dubai office vacancies hit 25%
Up to a quarter of Dubai’s office space is empty, with that amount expected to climb further this year as new buildings are completed, according to a report from Jones Lang LaSalle.
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Langtree plants seeds of Liverpool regeneration
Regeneration company Langtree is set to restore and re-open to the public the formal gardens at the former International Garden Festival site in Liverpool after a regional development agency grant.
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Abu Dhabi in Emirate villa initiative
Almost 17,000 new villas in 23 locations are set to be built for Emiratis over the next five years.
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Big HK deals top HK$25.7bn
Low interest rates and risk aversion have drawn more investors to the property market despite the low yields it offers because rent rises are failing to match the demand-driven increase in capital values, agents say.
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REITs poised to lead market
REITs are poised once again to pick up the pieces from the commercial-property bust. This year, they have tapped the stock market for nearly $15bn in new equity and, this month have raised $2bn in unsecured debt.
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Mumbai second costliest city in Asia
Mumbai is the second costliest city in Asia Pacific in terms of prime rental rates. With rent of about S800 per sq m, Mumbai is ahead of the likes of Tokyo ($750 per sq m) and Singapore ($625 per sq m) as per the latest report of real estate consultancy ...
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Ronson to form wealthy investor club
Gerald Ronson is forming a club of wealthy investors in a new vehicle, marking his return to the UK and European commercial property markets.
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Derwent set for development return
Derwent London is to return to the development market in order to time new buildings for the next property cycle.
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Persimmon returns to profit
Persimmon has returned to profit after rising land values allowed it to write back £28m of its landbank after a hefty write-off last year.
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Regus benefits as redundant City staff seek to start again
An increase in the number of start-up businesses seeking cheap premises helped to boost Regus in the first half of the year, amid signs that commercial landlords are starting to find tenants.
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Unite back in black
Unite, the student accommodation developer has announced first-half pre-tax profits of £3.5m, compared with a £2.9m loss a year ago. It said that it had let 89% of rooms available for the next academic year.
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ING UK down £45m
ING UK REIT reported a slide in first-half pre-tax losses to £45m, from £39.8m a year ago. It said that it had restructured its debt by increasing loan-to-value covenants and had disposed of £28.1m worth of properties.
