All Property Week articles in 22 October 1999
View all stories from this issue.
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News
Ritblat rubbishes rumours
A clearout was already under way this week as Delancey s £173m takeover of Milner Estates won approval from shareholders. But it was half-truths and innuendo, rather than bodies, that were flying out of the window. First to go was the rumour that Milner s agency subsidiaries, Conrad ...
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News
Plum Victoria site on offer
A Prime chunk of London s Victoria has been brought to the market. Salomon Smith Barney has offered its 135-year leasehold interest in the 19,700 sq m (212,000 sq ft) 111 Buckingham Place Road building on a three-year sale-and-leaseback. Annual income on the property is £9.5m. Final offers ...
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News
Petchey stalks new tiddler
Jack Petchey appears to have turned his attention to yet another property tiddler. As Newport Holdings wriggles on the hook of Trefick s £12m takeover bid, another company with which Petchey is understood to be associated, Richmount, has raised its stake in Raglan Properties to more than 10%. ...
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News
Seven line up for Liverpool Paradise
Global developers ARE being pitted against national and regional players for one of the biggest development prizes in Europe the £750m Paradise Street scheme in central Liverpool. Liverpool City Council s shortlist of seven developers reveals that Land Securities has formed a powerful alliance with Lend Lease ...
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Markets
Industrial Inward and onward
The industrial sector is still attracting investment and reinvestment.
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Insight
The opposition: heritage lobby rallies
While there is strong support for attempts to modify PPG15, not everyone agrees that developers should be given more latitude in conservation areas. The RICS wants the government to review all its conservation legislation, but is generally opposed to any moves intended to undermine the unique character of ...
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News
Labour transport guidance may overwhelm local government
New planning guidance on transport and land use issued this week will place major demands on local and central government, the property industry has warned. The revised PPG13 calls for councils to set maximum parking standards; for transport assessments for major schemes; and for companies to adopt Green ...
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Markets
Investment: Fund managers take secondary option
Across the investment sectors, the market shows increasing signs of activity as fund managers continue to seek opportunities in Cardiff and the M4 corridor. As an office location, Cardiff remains strong, and although there is quantifiable demand in the region of 46,500 sq m (500,000 sq ft) there is ...
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News
Nervous market fears storm warnings
As another anniversary of the 1987 storms and market crash loomed last week, a nervous market began watching for signs that it could all be happening again. Hurricane Greenspan hit the market hard when the head of the US Federal Reserve made one of his now-regular suggestions that equity ...
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News
Harvey Nics expands up north
Upmarket fashion store Harvey Nichols is days from signing up to anchor the Prudential ’s Shambles West scheme in Manchester. The long-rumoured deal for 7,430 sq m (80,000 sq ft) of prime retail space in the city centre is in solicitors’ hands and is expected to be announced shortly. ...
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News
Pru steams into Euston
Prudential was due to exchange contracts today on a prime chunk of central London property. Through Argyll Property Asset Management, Prudential has snapped up Euston House in 24 Eversholt Street for £33m, £1m less than the asking price. It was able to negotiate the yield and covenant deal ...
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News
End of the road for greenfield retailing
Out-of-town shed development is doomed, according to a survey of Britain s leading retail tenants and developers. The Twenty Twenty-Five survey, compiled by specialist retail adviser Carter Wassell Murdoch, says that top retail professionals believe the out-of-town shed market has come to the end of its life . It ...
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Markets
Offices Developers need to keep up
Office market beginning to fill gaps left by traditional industries.
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News
Staff walk out on developer
Six members of staff, including two senior managers, have walked out on East Sussex industrial developer Bannertown Group in a barrage of recrimination. Marketing manager Julia French and finance manager Annie Ravenscroft along with her assistant Laurinne Mathews and secretary Pauline Goldsmith left the company ...
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News
Frustrated King to sell off Creston portfolio
Creston s days as a public company are soon to be over, following the board s decision to sell its entire portfolio and return the proceeds to shareholders. The move has been largely forced on the Creston board because of a boardroom battle between managing director Tom ...
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Markets
Developer comment: Serviced offices filling a gap
The demand for quality office space in South Wales is outpacing availability. The new national Assembly for Wales and a booming economy has sustained the Cardiff office market. Swansea city centre has a complete lack of new office space as there has been no development activity since the early ...
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Markets
Retail Cash tills ring for landlords
Cardiff rents are catching up, while a big new scheme is planned for Newport.
