All Property Week articles in 23 July 1999
View all stories from this issue.
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Markets
South Yorkshire retail
1998 saw significant growth in rents in Fargate, Sheffield s prime retail pitch, and The Moor. A letting of 11 Fargate to branded fashion retailer, USC, saw Zone As move up to £178, while at 7 The Moor a letting to Allsports pushed them to £93 Zone A. With demand ...
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News
Option to tax to be reviewed
Customs & Excise has launched a review of the option to tax the means by which companies can avoid VAT payments on property transactions in light of two recent tribunals involving a property portfolio sold at auction. Taxpayers have been asked to submit their opinions ...
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News
On-line services under one umbrella
If all the on-line services concerned with the buying and selling of homes came together in a single company, the house-buying process could be completed within a month, according to on-line information provider Teramedia. Teramedia, which was launched last week, has brought together Intergraph, a site where estate agents ...
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Markets
Niche market
Rotherham Toyoda Gosei, a Toyota company, is to build its first European factory in Rotherham. The £32m, 18,580 sq m (200,000 sq ft) factory will produce rubber seals for car doors and windows for Toyota car plants in Derbyshire and northern France. The site is at Centurion Business Park, Templeborough, ...
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Markets
Leeds retail
As the commercial centre of Yorkshire, Leeds is expected to perform well in both retail and general economic terms. From a landlord s perspective the performance of retail property in the city has been excellent. As an example, prime rents on Briggate have doubled during the last 18 months, close ...
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News
Zell targets global sites
For most of the last decade Chicago financier Sam Zell has scooped up undervalued property in the US. Now he is turning his attention overseas. Already the head of four REITs, Zell is in the process of raising capital for his new fund, Equity International Properties. Sources indicate he has ...
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Insight
Glaxo Wellcome:
Glaxo acquired rival UK company Wellcome in 1995 to create what is now the world s fourth-largest pharmaceutical company and Britain s second-biggest firm. Operating from 76 different countries, the company s extensive drug portfolio includes the ulcer blockbuster Zantac and the asthma inhaler Ventolin. Glaxo Wellcome is about to ...
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News
German index upholds trend
German property produced an average return of 5.1% in 1998, according to IPD s second Deutscher Immobilien Index (DIX). Although hardly spectacular, this was a better performance than that of the previous year (3.8%) and 1996 (3.7%). The average return over the past three years is 4.2%. ...
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News
Landmark letting fuels Glasgow market
The Glasgow office market has landed its biggest letting for more than five years. Teletech UK has taken 5,520 sq m (59,390 sq ft) at Dunedin Property s 225 Bath Street scheme on a 15-year lease, at £137.24/sq m (£12.75/sq ft). It is understood that the lease ...
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News
Housing group finds home in private sector
The Home Group, the UK s second-largest housing association, has set up a company especially to manage privately rented homes. Paramount Homes, based in Newcastle upon Tyne, is headed by John Holmes, a former director of the Tyne & Wear Development Corporation and the National House Building Council. Holmes said ...
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News
LSH to find new Ofgem HQ
Lambert Smith Hampton has won one of this year s most controversial instructions to find a new central London head office for Ofgem, the energy regulator. West End agents had threatened to boycott pitching for the job, claiming they were denied essential information in an initial ...
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News
Norwich school plays the field
A school playing field IN Norwich is to be developed into a multi-million pound health and leisure complex with the blessing of the school. Developer Wrenbridge has teamed up with Norfolk County Council to redevelop surplus land owned by the Hewett School. Plans for the Hall Street site ...
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News
New drive ups resi standards
A bold initiative to stamp out poor-quality residential surveying work and alleviate the serious recruitment shortage in this area has won widespread support. The ISVA and RICS this week joined forces to form a new accreditation scheme to raise standards in one of the most maligned areas of the ...
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News
Hotel disposal fees spark price war fears
Fees on two recent hotel instructions have plunged below the usual minimum of 1%, leading to fears among agents of increasingly fierce competition. Robert Barry recently taken over by Conrad Ritblat is believed to have negotiated a 0.6% fee for the disposal of Regal ...
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News
King Sturge demands new measure for retail sales
Mark Perowne, head of retail at King Sturge , has called for a more comprehensive way of measuring retail sales. His approach could help allay the fears of investors who have witnessed a mismatch in the number of new shops being built and the fortunes of retail ...
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News
Emmett moves to Delancey
Delancey has appointed property financier Graham Emmett as finance director. Emmett, 36, is joining Jamie Ritblat and the rest of the Delancey board from Robert Fleming, where he was a director of the investment banking division for five years. He takes over the finance responsibility ...
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News
Cool response greets Rodamco UK shares
Rodamco UK's shares got off to a quiet start this week, trading at a 13% discount to current net asset value, after the company gained a secondary listing on the London Stock Exchange. The shares, which are quoted in euros not pounds, kicked off at 43.25 (2883p) in light trading, ...
