All Property Week articles in 21 September 2007
View all stories from this issue.
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Rugby REIT makes second buy
Rugby Estates Investment Trust has bought its second private property company, as it looks to build up its portfolio before converting to a REIT.
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Songbird sees estate value fly
Songbird Estates, the listed company which owns a 60% stake in Canary Wharf Group, revealed a 10% increase in the value of its portfolio in its half-year results.
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Halfords property head joins Dixons
Halfords property head Philip Bell-Brown is to join DSG International as property director.
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City of London’s Bow Bells House fully let
Mitsubishi Estate Company has confirmed that it has let the remaining 70,000 sq ft of its speculative Bow Bells House in the City of London.
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Severn energy barrage to be assessed
Britain’s first large tidal energy scheme – which would have the potential to deliver 5% of the country’s electricity – is to undergo a multimillion-pound feasibility study. Financial Times
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Qataris in talks with Sainsbury's pension trustees
The Qatari investment fund bidding £10.5bn for Sainsbury moved a step closer to its goal yesterday when it agreed to enter confidential talks with the supermarket’s pension trustees. The Independent
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Individual Restaurant expansion on menu
Individual Restaurant Company, which owns 27 restaurants, posted a profit in the first half of the year. The Times. The Daily Telegraph
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Marylebone Warwick Balfour takes £4.6m hotel hit
Marylebone Warwick Balfour incurred a loss of £4.6m relating to the aborted sale of its Malmaison and Hotel du Vin hotel chains when the Vector Hospitality hotel REIT failed to launch. The Times
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Dolphin swims into Crete
Dolphin Capital Investors has bought a 60% stake in the Plaka Bay Resort development in Crete. The Times
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Gresham House site sales
Gresham House has agreed to sell a 3 acres site in Dorking, Surrey, for £8.2m. The Times
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Summit Germany buys at 7% yield
AIM-listed German property investment company Summit Germany has bought a portfolio of 40 properties. The Times
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Nationwide sues Eversheds in Dunlop Haywards fall-out
Nationwide is suing Eversheds, one of the country’s largest law firms, for more than £20m, claiming that it was given negligent advice on an allegedly fraudulent property deal. The Times
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Bag maker Radley plans rapid store rollout
Radley, the handbag maker that was put up for sale last month by its private equity owner, Phoenix, is planning an ambitious expansion, including its first store in Dubai and 10 more stores in the UK within the next three years. The Independent
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Co-op store makeovers boost sales
The Co-operative Group posted a record performance from its food retailing business, following a store makeover programme. The Guardian
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OnlineLord's members to give their views on redevelopment plans
Marylebone Cricket Club’s (MCC) members are set to give feedback on plans for the redevelopment of the famous Lord’s cricket ground.
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Hotels drive strong MWB results
Marylebone Warwick Balfour Group revealed good half-year results today, thanks to a storming performance from its hotel division.
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OnlineLiberty of London to open on Sloane Street
Liberty, the upmarket department store in London, is to open a small format store in London’s Sloane Street.
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Brown promises 10 eco-towns at party conference
Prime Minister Gordon Brown renewed his pledge to increase the supply of housing in the UK and doubled the number of planned ‘eco towns’ yesterday in his opening address to the Labour Party conference in Bournemouth.
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Summit Germany makes €151m portfolio buy
AIM-listed Summit Germany has bought a portfolio of 40 properties for €151m (£106m).
