All Property Week articles in 25 September 2009
View all stories from this issue.
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OnlineLondon & Stamford buys Arsenal apartment block
Raymond Mould and Patrick Vaughan’s London & Stamford has bought a block of apartments at Highbury Square, the former home of Arsenal Football Club.
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Korea's pension service eyes HSBC HQ
South Korea’s National Pension Service, the nation’s biggest investor, said it is interested in buying HSBC Holdings Plc’s headquarters building in London.
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Creditors to take control of Tokyo property
KK DaVinci Holdings, which runs Japan’s biggest private real estate fund, said creditors will take control of a Tokyo property one of its funds bought from billionaire Richard Li after it failed to repay loans.
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RREEF-led consortium completes major Spanish purchase
A consortium of RREEF Alternative Investments, Area Property Partners and Europa Capital have completed the purchase and leaseback of a significant majority of Spanish property assets owned by Banco Bilbao Vizcaya Argentaria (BBVA), as tipped by Property Week.
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LA builder posts worse than expected losses
KB Home, the Los Angeles-based homebuilder that sells to first-time buyers, reported a third- quarter loss exceeding analysts’ estimates and said a housing recovery isn’t imminent. The shares fell 8.5%.
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Alberta to spend C$241m on Oil Sands land scheme
The government of Alberta said today it plans to spend C$241 million ($221 million) in the next five years to develop land for new housing and industrial uses near Fort McMurray, the site of Canada’s oil sands.
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Short-term Gulf leases deter institutional investors
Institutional property funds are being deterred from investing in regional office markets because of an excess of short-term leases, property consultancy Jones Lang LaSalle said yesterday.
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Arabtec starts tests for controversial St Pertersburg tower
Arabtec Construction has started initial foundation tests at the site of the controversial Okhta tower in St Petersburg after being awarded a Dh50 million (US$13.6m) contract.
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US close to committing $35bn for local housing
The Obama administration is close to committing as much as $35 billion to help beleaguered state and local housing agencies continue to provide mortgages to low- and moderate-income families, according to administration officials.
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Glorious IPO raises $1.28bn
Glorious Property Holdings raised US$1.28bn from its Hong Kong initial public offering, after pricing near the low end of an indicative price range, two people familiar with the situation said Friday.
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London knocked off top slot in Europe property league
London has been knocked from the top of a list of best European cities for real estate investment for commercial property occupiers and investors for the first time since 2005, according to LaSalle Investment Management, a leading global property fund manager.
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Tesco in talks to sell £400m portfolio
Tesco is in talks to sell a £400m portfolio of properties to a newly formed investment company seeking to take advantage of the opportunities of the recent falls in the value of UK commercial property.
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London and SE house prices up
House prices rose in September, but the improvement is concentrated in London and the south-east and is being driven by a shortage of homes on the market, according to a report out today.
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Planners block Cambridge technology start-up centre
A £20m plan by a wealthy entrepreneur to fund new technology start-up companies is being held up because planners have refused him permission to construct a new centre for the businesses.
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Hermès to buy Asprey's Bond St store
Luxury goods maker Hermès is set to acquire the Bond Street store occupied by prestigious jeweller Asprey for £73.5m.
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Estate sale scrapped over right-to-buy
Savills has had to scrap plans to sell the Ury estate near Stonehaven after it emerged the former owner, FM Developments, had granted 'an agricultural tenancy' and a 'right to buy' to one of its own directors, John Forbes, a farmer in the northeast.
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