All Property Week articles in 23 March 2007
View all stories from this issue.
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Online
Savills recruits European valuation team
Savills has set up a cross border European valuation team which will be based at its London offices.
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Online
Clemett to leave RBS for Workspace
Royal Bank of Scotland corporate banking finance director Graham Clemett is leaving to become finance director at newly-converted REIT Workspace Group.
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Online
Osborne King raises record £82m
Northern Ireland’s Osborne King raised £82m at the company’s first commercial auction this year setting a record total in the province
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Online
Rubicon buys into Austria
Signa Holding has sold two Medicent properties in Austria for €58m (£39m) to Rubicon Asset Management for its Rubicon Europe Trust at a yield of 6.4%.
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OnlineBritish Land makes green promise
British Land said it will be carbon neutral by 2008/9 in its annual Corporate Responsibility Report published today.
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OnlineWork begins in Belfast's Cathedral Quarter
Work has finally begun on a large mixed-use scheme in a conservation area in Belfast’s Cathedral Quarter following two years of planning delays.
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News
Lehman Brothers buys €2.11bn Paris office scheme
Lehman Brothers has paid €2.11bn ($2.81bn) for the Coeur Défense office tower in La Défense business district in the west of Paris. Lehman’s private equity real estate arm joined forces with French property company Atemi to buy the 1.8m sq ft 182,000 sq m scheme of five buildings which is ...
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News
Whitbread appoints Hammerson finance man
Whitbread has appointed Simon Melliss, finance director of Hammerson , as a non-executive director, as it assesses bid approaches for its David Lloyd Leisure arm. The appointment has prompted further speculation over its plans for the 58-strong fitness centre chain’s property assets. The Times, Financial Times, Daily Telegraph
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News
Invesco presses Raven Russia on new chairman
Property investment company Raven Russia is being pressed by its biggest shareholder to install Ross Dunlop, former executive chairman of Highway Insurance, as chairman. It is understood that Neil Woodford, fund manager for Invesco, which holds 18.5%, wants Dunlop to replace Adrian Collins, the current chairman of Raven Russia, ...
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News
Minerva revisits Kensington Odeon plans
Minerva is to submit revised plans this month to redevelop Kensington’s Odeon cinema in west London following protests from film director Michael Winner and others. Minerva is working with residential developer Northacre to redevelop the site opposite the Commonwealth Institute and Holland Park. Following objections to the original plan, ...
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News
Persimmon could spoil £5bn Taylor Wimpey party
The UK’s biggest-ever housing merger has been agreed between the UK’s third-and fourth-biggest housebuilders, creating a company big enough to join the FTSE100 index. Meanwhile Persimmon, Britain’s biggest housebuilder, was said to be mulling a ‘spoiler’ bid for Taylor Woodrow . Persimmon is already considering buying Bovis Homes and Redrow. ...
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News
Ronson warns: there can only be one ending
Gerald Ronson warned guests at his annual lunch at the Savoy hotel in London of over-exuberence in the investment market that would lead to a correction. Financial Times.
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Online
Taylor Woodrow and Wimpey in £5bn merger
Taylor Woodrow and George Wimpey have agreed to merge to form the UK's largest housebuilder with a market value of around £5bn.
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OnlineRonson slams 'bull market' funds
Heron chief executive Gerald Ronson today laid into hedge fund managers making a fortune out of property – saying he wouldn’t trust them to do his `shopping at Tesco’.
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News
Tory U-turn threatens 'supercasino'
The proposals to develop the UK's first supercasino, in Manchester, and 16 other casinos are under threat following a Tory U-turn ahead of a crucial parliamentary vote this Wednesday. Conservative leader David Cameron on Friday ordered MPs to vote against the proposals which were recommended by a government advisory committee ...
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News
Cordea Savills stake for sale
Savills is this week to put up for sale a £500m stake in its £2.5bn European asset management division. Cordea Savills has portfolios in Italy, Germany, the Republic of Ireland, France, the Nordic countries and Britain, and Savills is thought to br looking at taking both equity and debt ...
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News
Whitbread prepares £1bn sale of David Lloyd
Leisure group Whitbread is preparing for a sale of its David Lloyd health and fitness clubs business. A decsion sell followed several approaches from interested parties. Among those likely to bid are rivals such as London & Regional , which owns Next Generation; Simon Halabi, who owns Esporta; Mid ...
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News
Wimpey and Taylor Woodrow in £5bn merger
Taylor Woodrow and George Wimpey are in the final stages of negotiation for a merger that would create a £5bn housebuilder. Wimpey chief executive Peter Redfern is expected to retain his role at the merged entity, while Taylor Woodrow chairman Norman Askew is likely to chair the new company. ...
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News
£100m care home group PSP to float on AIM
Care home provider Public Service Properties is to float on AIM tomorrow with a valuation of £100m. PSP owns 36 care homes with a total of 550 beds and a school for children with learning disabilities. PSP plans to expand in the German market and the group admitted that going ...
