All Property Week articles in 25 June 1999
View all stories from this issue.
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Markets
Room service?
There's a growing market for serviced offices that won't leave the finance director in tears. Jo Elford reports on the firms springing up to supply the mass market
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News
Share-for-share merger for Starwood and TriNet
Consolidation in the US REIT sector gathered pace last week, when two property finance specialists agreed to merge in a $1.5bn (£940m) share-for-share deal. New York-based Starwood Financial Trust and TriNet Corporate Realty Trust, based in San Francisco, signed a definitive agreement to create the US's largest publicly quoted ...
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News
Doing the Lambert Smith walk
Lambert Smith Hampton became the first large UK chartered surveying practice to be taken over by a professional outfit when it was bought by engineering firm WS Atkins last week. Jenny Davey examines how the two companies will fit together
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News
LSH takeover sparks investors' interest
Shares in the major quoted surveying firms soared last week in response to the agreed £50m takeover of Lambert Smith Hampton by WS Atkins. Savills ' shares rose by over 7% to 170p, while Debenham Tewson & Chinnocks, the holding company for DTZ Debenham Thorpe, ...
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News
Industry wins lobby victory
The government has backed down on plans to introduce new deadlines for stamping agreements for lease a move that could have substantially reduced the number of new developments coming on-line. The government U-turn, prompted by months of lobbying by a British Property Federation -led cross-industry group, means ...
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Professional
As safe as houses
Next Friday sees the deadline for comments on the government's proposals to licence houses in multiple occupation. Christine Eade talks to Martin Webb, the chartered surveyor who had to put housing minister Hilary Armstrong straight on a few points
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Insight
Questions in the house
The property industry's record on lobbying government is poor. Now it must survive in a new political climate, influencing both national and regional government. In the first of two features on lobbying
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News
NAV hike swells McKay shares
Reading-based McKay Securities saw its shares rise more than 9% last week, after it revealed a 12.5% increase in net asset value in the year to 31 March. The NAV increase to 216p a share came after a 7% increase in the value of the investment portfolio to ...
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News
Web to slash high street profit
Retailers on small town high streets will be hardest hit by internet shopping, claims the CEL report. Claire Higgins of the surveyor s research and consultancy department says that smaller towns could be the losers, as superprime centres will retain their attraction with consumers because of their ...
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News
GVA starts London regen team
GVA Grimley is to set up one of the first dedicated urban regeneration teams in London. The firm has poached Simon Davis, a director in CB Hillier Parker s planning team, who will join on 5 July and work with GVA Grimley s Richard Walters and new ...
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News
Green laws poised to sting UK landowners
The property industry is blissfully unaware that values on up to 2% of the UK s land mass could plummet when the Contaminated Land Register comes into force later this year, environmental experts have warned. Under the legislation part of the Environmental Protection Act 1995, which will take ...
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News
Industrial rent growth lifts Saville Gordon NAV nav
The strength of the popular industrial property market was shown this week when sector specialist Saville Gordon Estates revealed that its net asset value rose by 17% in the year to 30 April. The NAV rise to 83.5p was driven by strong growth in industrial rents. During the year, ...
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News
Germans lead the way for UK investment
German banks are leading the way in the financing of the UK property investment deals, according to research from Healey & Baker Financial released this week. The report says that German banks were the largest lenders to the property industry, accounting for 41% of total funding. These were followed ...
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Markets
Playing the guessing game
Call centres are springing up in buildings from Land s End to John O Groats but investors are struggling to categorise these properties.
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Markets
Future office
Call centres and serviced offices are two of the fastest-growing sectors in today's property market. In this 11-page special report, we look at the changing face of office buildings, dictated by the trends in call centres and serviced offices. But when does a building become a call centre, rather than ...
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Markets
London learns to love full service
Serviced offices are becoming increasingly popular with London occupiers, according to new findings.
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News
Surveying new routes forward
Surveyors will be able to qualify for the first time as chartered management consultants from next March. As part of its modernisation programme, the RICS announced last week that it is to introduce a new route to the APC, the two year on-the-job training course that surveyors ...
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News
Stockton developer forced into Swan song
A developer that has spent almost six years working on a retail scheme in Stockton-on-Tees has been kicked off the site by the council. Swan Hill, backed by Kevin McGrath s REIT Asset Management , came within touching distance of creating a successful scheme on the site ...
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News
Interest rate hike kills off investment deals
Two key city investment deals have been killed by the half-point rise in long-term fixed interest rates. While the headline-grabbing short-term rates have fallen, five- and 10-year interest rates have risen from 5.62% and 5.59% to 6.16% and 6.01% respectively since last month. The move has hit private ...
