All Property Week articles in 26 March 1999
View all stories from this issue.
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Insight
Traineespotting
Of these four land economy students, just one will become a surveyor. The other three have been seduced by a merchant bank, an accountancy firm and a law firm. In the first of an occasional series of features examining the profession s education crisis, Angela Jameson asks why the industry ...
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Markets
Retail
In league with the rest of the UK, demand from retailers for well-located/configured premises remains buoyant for all sizes of accommodation. The emergence of coffee bars and phone shops as smaller occupiers and the continuing quest by sports and fashion retailers for larger sites has ensured record Zone A rates ...
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News
P&O to shed property in radical turnaround
P&O is to sell its £1bn property portfolio as part of the most radical restructuring of a large company since the break up of Hanson. Everything, including property, is to be disposed of by sale or flotation, except the three core areas of cruises, ferries and ports. Earls Court Olympia, ...
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Markets
Planning
The centres of Birmingham and West Bromwich are preparing for end-of-the-century investment. In Birmingham, retail demand remains strong, with a number of schemes either recently completed or coming forward for development. The city council was one of the first unitary authorities to adopt its Unitary Development Plan in July 1993. ...
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Markets
Offices
The positive noises during the past 18 months from the West Midlands office market are now being confirmed with a series of high-profile lettings. While encouragement can be taken from the whole region it is possible to identify five principal office sectors. Coventry & Warwickshire The market for ...
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News
Quintain mission
Quintain Estates & Development , which is in negotiations to buy English & Overseas Properties, has made a bid to clean up the mess at Chesterfield Properties by making a takeover approach. The Chesterfield board, headed by Roger Wingate, adjourned a meeting for last Monday at which shareholders ...
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Markets
Opinion: Midlands needs vision
The Richardsons offer to buy Longbridge is a reminder of the entrepreneurial flair that made the West Midlands the economic force it is today. It is also a reminder of our vulnerability in the world economy we have traded for too long on our good name and ...
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News
Three vie for Living stores
Four bidders have emerged for the Co-operative Retail Services' (CRS) £75m portfolio of Living stores. Property Week has learned that MEPC , Helical Bar , Capital Shopping Centres and Delancey Estates with Miller Developments are vying for the portfolio, which comprises 41 high-street stores. The winning bidder ...
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Markets
A lesson in practical planning
In the wake of the opening of Britain's last regional shopping centre Kent's Bluewater it's curious to see that one of the earlier ones still has the capacity to make waves. There is a right old hoo-hah going on in Dudley over proposals to designate Merry ...
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Markets
Industrial
Throughout 1998, the West Midlands industrial market experienced fluctuating levels of activity. Up until the summer, the market was exceptionally active, with GVA Grimley disposing of 107,770 sq m (1.16m sq ft) of both warehousing and manufacturing space in the West Midlands, including 16,260 sq m (175,000 sq ...
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News
HQ takes the lead in serviced office sector
CarrAmerica, the US real estate investment trust, has merged its two serviced office operations HQ Business Centres and OmniOffices to create the world s largest serviced office company. The enlarged company is expected to be branded under the HQ banner and will have 257 offices worldwide. Regus , its closest ...
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News
Record high for property
Institutional investment in the UK commercial property market soared to its highest ever net annual total in 1998 at £4.18bn, according to last quarter s figures from the Office for National Statistics. Gross purchases and sales were also up for the year with investment doubling from the historic ...
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News
Hampton Trust vulnerable
Hampton Trust , headed by Graeme Jackson, could be one of the next small property companies to be taken over. It emerged this week that Phillips & Drew Fund Management, which was the largest shareholder in Hampton with 23%, has sold almost a third of its holding to a company ...
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News
Hammerson to sell on Wolsey
Hammerson is poised to sell its Wolsey Place shopping and office centre in Woking after owning it for just four years. The developer bought the long leasehold from Norwich Union in 1995 for £41m, at a net initial yield of 10%. Woking Borough Council owns the freehold. Hammerson is ...
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News
Stannifer joins rival in Glasgow turnaround
Stannifer Developments is planning to team up with rival Miller Developments to develop Glasgow s Metropolitan leisure scheme just a year after launching a judicial review into the project. In a dramatic U-turn, Stannifer is expected to become the joint venture partner on the £70m scheme following the ...
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News
Royal Mail site gets sorted
Birmingham Mailbox has received planning consent for its £100m mixed-use development on Birmingham s canal side. The 10ha (25 acre) scheme, to redevelop the former Royal Mail sorting office, includes 140 roof-top apartments, a health club, hotel, shops, offices and a new public square, designed by Gillespies. The scheme is ...
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News
Hard landing for property as fund managers sell
Property share confidence was shattered last week, as average prices dropped by nearly 4%. The Property Share Index was down 3.6% to 1892, with the most damage inflicted on the larger companies, while the All-Share dropped 1.7% to 2847. British Land was the major casualty, falling 8%, followed by ...
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Professional
Small firms
Big is beautiful, but niche is nicer. Globalisation may be in vogue, yet most surveyors work alone or in small firms. Today Property Week launches a new section aimed at the UK’s 15,000 small surveying practices. Each week we will explore issues that particularly affect small firms. Kate Lowe and ...
