All Property Week articles in 24 July 2009
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M3 founding partner Moriarty to leave firm
Steve Moriarty, a founding partner at specialist industrial property service firm M3, is to leave the company today.
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Q2 2009 CENTRAL LONDON Quarterly – Offices
Take-up rose across all markets to 1.7 m sq ft as occupier sentiment improved noticeably from the first quarter’s levels, which we consider to represent the cycle’s low point in terms of transaction volumes.
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Crossrail will cost retailers £250m before any benefits are seen, says BRC
The British Retail Consortium estimates retailers will have to pay out £250m in business rates to fund Crossrail before they see any benefits from it.
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Government announces Infrastructure Levy regulations
The government today set out its draft regulations for implementing the Community Infrastructure Levy (CIL) which will come into force from 2010.
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Peel Holdings secures planning for £15m Rochdale project
Rochdale Council has approved Peel Holdings outline planning application for a 347,416sq ft business and distribution park in Hareshill.
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Midtown, Soho and Southbank rents fall further in EA Shaw report
Rents in Midtown, Soho and Southbank fell further in the second quarter of the year with occupier activity remaining low, EA Shaw's latest office report has revealed.
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Barratt Homes and First Wessex to develop Southampton site
Barratt Homes and First Wessex have been chosen as the preferred bidder to develop the Hinkler Parade site in Thornhill.
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HDIL hints at Indian property recovery
The first quarter results of real estate major Housing Development and Infrastructure Ltd indicate a recovery in the domestic realty sector. Not only volumes, but also prices are now rising.
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Guidelines to help struggling US homeowners
The Obama administration plans to announce Thursday new guidelines designed to help struggling homeowners with Federal Housing Administration-insured mortgages.
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$3bn property trust rout expected
Up to $10bn has been wiped from the value of unlisted wholesale property trust assets in the year to June.
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Shui On Land buys out Shanghai partners
Shui On Land said yesterday it had agreed to acquire the remaining 30% in a company that holds the luxury residential development in Shanghai's upmarket Xintiandi area for HK$113.63m.
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Premier Inn to open more hotels in UK
Premier Inn, the Whitbread owned hotel operator, is to boost its portfolio by five hotels across the country.
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Dubai office rents slump 50% in 9 months
Dubai office rents have collapsed 50% in the last nine months as business activity fell, with residential rates also tumbling 40 percent, a new report said on Thursday.
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Arabtec profits down by a third
Arabtec Holding, the largest construction firm in the UAE, has announced second-quarter net profit of Dh183 million (US$49.82m), marking a 33% decline from Dh273m in the same period last year.
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Novel auction site offers Dubai flat for $100
A four-bedroom apartment Dubai could be snapped up for as little as US$50 (Dh183) if sold successfully through an online auction.
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Brookfield down on Canada woes
Brookfield Properties Corp., owner of 74 million square feet of real estate in North America, said second-quarter earnings excluding items fell on a decline in office and Canadian residential revenue.
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Las Vegas, Fort Myers and Florida lead US foreclosures
Las Vegas and Cape Coral-Fort Myers, Florida led US metropolitan areas in foreclosures in the first half of the year as unemployment and falling home prices forced home-loan defaults, RealtyTrac said.
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Dublin office vacancy rate could hit 27%
Dublin’s office vacancy rate rose to the highest in at least 18 years in the second quarter and may jump to 27% in 2010 as new buildings are completed during Ireland’s worst recession, CB Richard Ellis Group Inc. said.
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CBRE reports second-quarter loss
CB Richard Ellis made a net loss of $6.6m in the second quarter of the year.
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US Embassy needs to make changes to comply with London Plan
The plans for the new US Embassy building in London’s Battersea do not currently comply with Mayor of London Boris Johnson’s London Plan – but the issues could be rectified, a planning document has revealed.