21 July 2006

Property Week

View all stories from this issue.

  • ...as pioneer Palmer markets second fund

    21 July 2006

    Palmer Capital Partners, the property venture capital provider and fund manager that set up the first development fund two years ago, this week began marketing for its second development fund.

  • 20-30-40-50

    19 July 2006

    Each week we meet a property figure from a different age bracket. This week Claer Barrett meets Steve Lewis, 52, chief executive of specialist retail and leisure developer Oak Holdings

  • A whole new bowl game

    21 July 2006

    The success of All Star Lanes in Bloomsbury is driving the boutique bowling outfit to open two new London sites.

  • AAIM shops again in Poland

    21 July 2006

    AAIM Europe has bought its second Polish shopping centre as part of its €1bn (£690m) European acquisition drive.

  • Architect BDP

    21 July 2006

  • Arlington unveils eurozone fund

    21 July 2006

    Arlington Securities has kicked off its fund of funds product for institutional investors with a €900m (£615m) eurozone fund.

  • Atisreal promotes Bayley

    21 July 2006

    Dan Bayley has been promoted to national head of agency for Atisreal.

  • Auctions

    21 July 2006

    Auctioneers are turning to technology to improve service to clients

  • Barnett Ross bucks gloom with 92% sale

    21 July 2006

    Barnett Ross bucked the trend of lacklustre summer auctions at its sale last Thursday, where 92% of the catalogue was sold, raising a total of £26.5m.

  • Blood on the dancefloor

    21 July 2006

    Laws allowing late-night drinking in pubs and bars are hitting nightclubs.

  • Bourne Lodge

    21 July 2006

    Paul Bewers’ Bourne Lodge has sold the McNicholas office and warehouse portfolio to three private investors for £9.75m, reflecting a net initial yield of 5.86%. All three assets are let to contractor McNicholas on 15-year leases running from 2004.

  • Capital & Counties and GE Real Estate win race to buy Covent Garden

    27 July 2006

    Covent Garden Limited Partnership confirms buyers

  • Case news

    21 July 2006

    Warren Gordon reports on a dispute between employer and contractor over flood damage, while Jonathan Ross looks at how Abbey National had to pay VAT on ‘virtually assigned’ properties

  • Citygrove moves away from niche developer status

    21 July 2006

    Company appoints RREEF and Treasury Holdings duo as it looks beyond retail sector

  • Clarification

    21 July 2006

    The Amesbury Property Company would like to clarify that it is the sole owner and funder of the Solstice Business Park in Amesbury, south Wiltshire, as featured in the ‘Salisbury pain’ article (Hampshire, Dorset + south Wiltshire, 07.07.06).

  • Contaminated land

    21 July 2006

    Question: My company has bought a brownfield site for development, our first for several years. What recent policy changes will affect our approach to remediating the site and readying it for development?

  • CPO objectors feel they can’t beat the system

    21 July 2006

    Olympics saga shows you just can’t win

  • Danish investors save Savills’ bacon

    21 July 2006

    Post-sale supermarket purchase mitigates 57% ‘in the room’ sales rate

  • David Wilson on track for Newbury Racecourse housing project

    21 July 2006

    David Wilson Homes has been named ‘preferred developer’ for a residential project on 50 acres (20.23 ha) on the Newbury Racecourse estate, Berkshire.

  • Diary of... a valuer

    21 July 2006

    David Law, valuation partner at King Sturge, takes us through his week

  • Dome leads race for supercasino

    25 July 2006

    The Millennium Dome is the frontrunner to house the UK’s only ‘supercasino’ following the first round of the competition.

  • Don’t be too leisurely over Battersea, Ken

    21 July 2006

    As Britain basks, the leisure sector courses through Property Week today.

  • End of an era as Ritblat announces retirement

    21 July 2006

    British Land chairman to bring the curtain down on half-century career on 31 December

  • Experts vs arbitrators

    21 July 2006

    Question: I am a landlord and on a current rent review I have the option to define whether a third party on review should act as an expert, or as an arbitrator. What do I do?

  • Fordgate

    21 July 2006

  • German investors return to open-ended funds

    21 July 2006

    The German open-ended property fund sector enjoyed its first cash inflow for almost a year last month as investors began to turn back towards pooled property investment.

  • Glass squealing

    21 July 2006

    People in glass houses, so the saying goes, shouldn’t throw stones.

  • Gleeds

    21 July 2006

    Gleeds, the construction consultancy, has won a contract to cost manage the construction of Media City UK, the BBC’s 20 acre (8.1 ha) complex in Salford. The future home of Radio Five Live is being built by Peel Holdings and Salford Urban Regeneration Company.

  • Going places

    21 July 2006

    This week's movers...

  • Great Portland records 4.1% quarterly growth

    21 July 2006

    Great Portland Estates’ central London portfolio rose by 4.1% in value to £1.13bn in the three months to 30 June.

  • Great Portland trains eye on Crossrail site

    21 July 2006

    £60m Hanover Square deal is latest in hot West End investment market

  • Hammerson sells London’s 83-85 Pall Mall

    18 July 2006

    Hammerson has achieved a net initial yield of 4.5% on the sale of an office building in London’s St James’s, SW1

  • Hanover square

    21 July 2006

  • Having a ball

    21 July 2006

    Sport was a running theme at the 2006 Retail and Leisure Property Awards on 5 July

  • HDG makes first foray into German market

    21 July 2006

    Property asset manager spends ¤285m in Germany and Netherlands

  • HIPs diluted by scrapping reports

    21 July 2006

    The government has been forced to water down the introduction of home information packs next year by shelving the requirement for home condition reports.

  • Home-making

    21 July 2006

    Is ‘flat-pack’ construction a green approach to housebuilding? Christine Eade reports from Germany

  • Housebuilders receive £100m subsidy for affordable homes

    21 July 2006

    Wimpey and Bellway are latest developers to secure grants from Housing Corporation

  • JLL beats Nelson Bakewell to SWIP

    21 July 2006

    Nelson Bakewell has lost the property management contract for Scottish Widows Investment Partnership to rival Jones Lang LaSalle.

  • Ken’s power struggle is a win for London

    21 July 2006

    The politics of property, with Steven Norris

  • Land Securities

    21 July 2006

    Land Securities this week revealed revised plans for its ‘walkie-talkie’ tower at 20 Fenchurch Street in the City of London. It has reduced the 45 storeys to 36. It also revealed images of a ‘Sky Garden’ at the top of the tower.

  • Landlords to draw up sustainability blueprint

    21 July 2006

    Task force to be chaired by Prupim’s Moore to examine 10 test case buildings

  • LandSecs submits Ebbsfleet plans

    21 July 2006

    Land Securities has submitted a planning application to Dartford Council for Station Quarter South, the second phase of its mixed-use development at Ebbsfleet in Kent Thameside.

  • LandSecs submits second-phase Ebbsfleet plans

    17 July 2006

    Land Securities has submitted a planning application to Dartford Borough Council for Station Quarter South, the second phase of its development at Ebbsfleet in Kent Thameside

  • Leisure

    21 July 2006

    Rank agrees 172m sale and leaseback Urban Golf drives London expansion forward Blood on the dancefloor A whole new bowl game Well drink to that Watch this space

  • Life of leisure

    21 July 2006

    Richard Balfour-Lynn has run leisure parks, Malmaison and Hotel du Vin. Now he has splashed out £750m for De Vere Hotels.

  • London mayor given strategic planning powers

    21 July 2006

    London mayor Ken Livingstone was last week given sweeping planning powers.

  • Malls appeal against business rates hike

    21 July 2006

    Retailers and landlords campaign against rises of up to 177%

  • Manhattan view, Steve Cuozzo: New York can now lay post 9/11 myths to rest

    21 July 2006

    Not since the dot.com boom has Manhattan seen its commercial leasing engine fire at present levels, says New York Post executive editor Steve Cuozzo

  • McCarthy poised for £1bn takeover

    21 July 2006

    Permira and Barclays Capital vie with Reubens for care home developer

  • Mi7 receives go-ahead for Bradford mission

    21 July 2006

    Manchester-based developer Mi7 Developments has been given the go-ahead for a £90m mixed-use development in Bradford city centre.

  • MWB sells Docklands hotel to private investor

    24 July 2006

    Marylebone Warwick Balfour has sold its West India Quay hotel in London’s Docklands for £110m to developer and private investor Yianis Christodoulou.

  • Mystery over future of Battersea chief Roberts

    21 July 2006

    Power station developer unable to say when Parkview boss will return

  • National Grid discharges six properties

    20 July 2006

    National Grid UK Pension Scheme has sold six UK properties for more than £70m to take advantage of the strong investment market

  • National Grid sells six

    21 July 2006

    National Grid UK Pension Scheme has sold six UK properties for more than £70m to take advantage of the strong investment market.

  • Natural selection

    21 July 2006

    Objectors often use the Environmental Impact Assessment regulations to challenge developments. Two recent judgments from the European Court of Justice could add to their ammunition.

  • Nine more raids

    21 July 2006

    60 officers descend as valuation probe widens

  • Oak shares surge as government says Yes! to Yorks scheme

    21 July 2006

    Shares in tiny AIM-listed developer Oak Holdings have soared 23% since it revealed last Friday that the government was not going to call in its planned £270m Yes! Leisure project in Rotherham.

  • On the same wavelength?

    21 July 2006

    Experts are questioning whether economist Kate Barker and Gordon Brown agree on planning reform.

  • Queasy riders rise to the bait

    21 July 2006

    For all their much reported drinking prowess, all it takes to fell shed agents is a heavy night’s drinking, a boat off the coast of Cornwall and buckets of shark bait.

  • Rank agrees £172m sale and leaseback

    21 July 2006

    Pears and Khalastchi splash out for bingo halls

  • Raven and Avalon launch warehouse development JV

    19 July 2006

    AIM-listed Raven Russia has joined forces with Russian logistics operator Avalon Group to develop $775m (£425m) of warehouses in Russia and the Commonwealth of Independent States

  • Reality of RESI

    21 July 2006

    Sir, In reference to Anthony Lorenz’s suggestions to stop gazumping (letters, 07.07.06), I would hazard a guess that he does not deal with residential property sales on a daily basis or he would know that his proposals are impracticable.

  • Recovering rent arrears

    21 July 2006

    Question: My tenant is, so far, up to date with his rent, but I suspect it may get into difficulties in the future. A rent review is in progress. There is a former tenant who owes me rent. What can I do to protect my position?

  • Redrow

    21 July 2006

    Redrow Regeneration has sold the first phase of its Barking Central scheme to City & Docklands Property Group for £40m. It comprises 246 flats, a lifelong learning centre, a library and a landscaped public area, as part of the London mayor’s ‘100 public spaces’ initiative.

  • Regus wraps up managed office buy

    21 July 2006

    Serviced office space provider pursues global diversification strategy

  • Residential Land’s latest central London push

    21 July 2006

    Residential Land, the property vehicle of investor Bruce Ritchie, has acquired a portfolio of 14 freehold houses in Balvaird Place and Lindsay Square, London SW1.

  • Richard Balfour-Lynn

    21 July 2006

    Entrepreneur Richard Balfour-Lynn enjoys the scorching weather with a glass of his own sparkling rosé at his Kent vineyard last week. Today, we speak to him about his Alternative Hotels Group’s £750m acquisition of De Vere Hotels and the future of his quoted vehicle MWB.

  • Salmon fun

    21 July 2006

    Tom King’s annual salmon fishing trip to Scotland also had its fair share of alcohol-fuelled fun.

  • Shortlist announced for Swindon Exchange

    24 July 2006

    A five-strong shortlist has been picked for the development of the £300m Exchange scheme in Swindon.

  • Sophies world

    21 July 2006

    Life’s hard when you’re a top model. Poor Sophie Anderton has been rejected by the men on ITV’s Love Island and forced to sleep alone.

  • Standard Life to launch £400m development fund...

    21 July 2006

    First institutional development fund aims for November launch

  • SWIP awards £7bn portfolio mandate to JLL

    17 July 2006

    Jones Lang LaSalle has beaten Nelson Bakewell to win a contract to manage close to £7bn of UK property

  • Tchenguiz plants funds in rainforest venture

    20 July 2006

    Vincent Tchenguiz has teamed up with socialite Robin Birley, who runs London nightclub Annabel’s, to invest in African rainforests as a means of trading for carbon emissions

  • Tchenguiz plants funds in rainforest venture

    21 July 2006

    Vincent Tchenguiz has teamed up with socialite Robin Birley, who runs London nightclub Annabel’s, to invest in African rainforests as a means of trading for carbon emissions.

  • Tescos Sunderland goal

    21 July 2006

    Tesco has joined forces with Persimmon Homes and Abstract Securities to develop a mixed-use scheme at the former Vaux Brewery site in Sunderland.

  • The reign of Spain

    21 July 2006

    The notoriously trophy-shy Spanish football team have finally triumphed in the World Cup.

  • The University of Leeds

    21 July 2006

    The University of Leeds is to sell the 36,868 sq ft (3,425 sq m) Priory of St Wilfrid on Springfield Mount, Leeds, with a price tag of more than £2m. The grade II-listed teaching college was designed by Temple Lushington Moore. Allsop is advising on the sale, which is part of the university’s ongoing estate management programme.

  • Tiger gets teeth into prime Edinburgh site

    24 July 2006

    Tiger Developments has been selected as preferred purchaser for the Haymarket site in Edinburgh city centre.

  • Too much of a good thing

    21 July 2006

    The government’s plans to develop large numbers of homes may fall foul of market trends

  • Topland to offload £240m hotel portfolio

    21 July 2006

    Zakay’s company markets central London sites to fund Euro expansion

  • Transport quango behind out-of-town parking charges

    19 July 2006

    Out-of-town retail parks could be forced to charge for parking under new recommendations announced today

  • Trouble on site

    21 July 2006

    Partners in chime

  • UK industry should follow Singapore’s REIT example

    21 July 2006

    Singapore’s property company-sponsored REITs hold valuable lessons, says William Hill

  • UK yields at 33-year low, says CBRE

    21 July 2006

    The average prime yield for UK commercial property has dropped to its lowest level in 33 years, according to the latest CB Richard Ellis Prime Yield Index.

  • Urban Golf drives London expansion forward

    21 July 2006

    Urban Golf, the indoor golfing concept, will open its second London club next month.

  • U-turn on HIP home condition report

    18 July 2006

    Minister for housing and planning Yvette Cooper today announced that the controversial home condition report would not be a compulsory component of home information packs as originally planned

  • Watch this space

    21 July 2006

    Cinema operators are overhauling wasted foyer space in an attempt to seduce audiences with better food and leisure facilities. Anna Goldie reports

  • Well drink to that

    21 July 2006

    Confidence in the pubs market is high as more property investors enter the sector.

  • You’re wrong minister, the RICS is a regulatory body

    21 July 2006

    To trade minister Ian McCartney Sir, I was both surprised and disappointed to see a quote attributed to you in Property Week (‘A victory for common sense’, residential + regeneration, 14.07.06).


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