All Property Week articles in 24 August 2007
View all stories from this issue.
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Online
GVA Grimley posts profit up 18%
GVA Grimley’s 71 partners earned £446,500 on average in the last financial year.
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Westfield and LaSalle in £600m Aussie joint venture
Westfield and LaSalle Investment Management have agreed an AS$1.48bn (£608m) joint venture at Westfield’s 1.3m sq ft retail scheme in Doncaster, Melbourne.
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CBRE Investors pushes further into trade counters market
CB Richard Ellis Investors has continued its push into the trade counters market by securing planning and change of use consent for Minworth Industrial Park in the West Midlands.
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Plaza makes Serbian debut
Israeli developer Plaza Centres is poised to begin developing its first shopping centre in Serbia after winning a competitive tender on a site in Belgrade. In an announcement made this morning, Tel Aviv and NASDAQ listed Plaza said it had won the tender from the Serbian government and would spend ...
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Glenkerrin plans €600m Dublin scheme
Irish developer Ray Grehan has submitted a planning application for a €600m (£406m) development in Ballsbridge, Dublin.
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Aussie Woolworths still eyes Coles
Woolworths, Australia’s largest retailer, yesterday said it was still interested in rival Coles’ non-supermarket assets. Financial Times
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One-third of big businesses pays no tax
Almost a third of the UK’s 700 biggest businesses paid no Corporation Tax in 2005/06, while a further 30% paid less than £10m each, the National Audit Office has revealed. Financial Times
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Supplementary business rate ‘could fund transport projects’
An increase of 4p in the pound on business rates would raise more than £400m a year in London and hundreds of millions more in larger regional towns and cities, the Centre for Cities has predicted. Financial Times
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World’s biggest casino opens in Macau
The world’s largest casino opens today in Macau. Financial Times
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Delta Two to quiz OFT on Sainsbury’s
Delta Two is considering seeking informal guidance from the Office of Fair Trading on whether its £10.6bn bid for Sainsbury’s would lead to a regulatory inquiry. The Times
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Green exports Bhs to India
Sir Philip Green is set to launch his Bhs department store chain in India. Sunday Telegraph
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Merrill prepares pair of Russian floats
Merrill Lynch is preparing to bring two Russian property companies to the main market of the London Stock Exchange in an attempt to rescucitate the market for new listings. Sunday Telegraph
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Norwich redemption sell-off starts
Norwich Property Trust, the UK’s biggest commercial property fund for retail investors, has begun a disposal of properties to pay off investors withdrawing from the fund. Sunday Telegraph
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Goldman Sachs buys Tiffany in Tokyo
Goldman Sachs has bought the Tokyo flagship store of high-class jeweller Tiffany & Co after bidding around ¥37bn (£160m). Daily Telegraph
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Taliesin lists to back East German buys
An investment fund that specialises in property in Berlin and other cities in the former East Germany begins trading on AIM today. Daily Telegraph
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MetroCentre Partnership expands in Gateshead
The MetroCentre Partnership has expanded its retail empire in Gateshead with the purchase of neighbouring retail development, Metro Retail Park, for £82.5m.
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Dawnay Shore Hotels links up with Spanish group
Dawnay Shore Hotels has agreed a deal with hospitality group Barcelo to take over the management of its Paramount Hotels portfolio.
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Birmingham to get fourth Business Improvment District (BID)
Local businesses in Kings Heath, Birmingham, have voted to make the area the city’s fourth Business Improvement District (BID).
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DTZ extends Swedish arm
DTZ has bought Fastighetsplanering, a Swedish property advisor, for an initial payment of £400,000.
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India calls Nokia
Nokia yesterday said it plans to make its manufacturing plant in India it global hub for exports. The Guardian