All Property Week articles in 26 September 2003
View all stories from this issue.
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OnlineManchester's tallest building gets go-ahead
Manchester City Council has granted planning permission for the UK's tallest residential tower.
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Online
O'Rourke homes in on Asite
Construction firm Laing O'Rourke has taken options over shares in online tendering portal Asite that could dilute founding director Robert Tchenguiz's stake from 26% to 9%.
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Online
MWB slumps to £63m loss
Marylebone Warwick Balfour slumped to a £63m pretax loss for the year to June, the company announced this morning, along with a 10% drop in net asset value to 93p a share.
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Online
Benchmark reviews its future
Central London office specialist Benchmark this morning said it is reviewing options for its future, because of the wide disparity between its net asset value (NAV) and its share price.
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Online
ProLogis and Argent triumph at IAS/OAS Awards
ProLogis and Argent were crowned industrial and office developers of the year respectively at the IAS/OAS Awards 2003 this afternoon.
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Online
Schroders launches ‘fund of funds’
Schroders will launch a new open-ended property ‘fund of funds’ next month, it announced today.
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Online
Morrisons gets Safeway green light
Morrisons has taken a big step forward in the battle to take over rival group Safeway as the government announced today that it had blocked offers from Tesco, Asda and Sainsbury’s.
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Online
London woe hits Minerva
Central London specialist Minerva today announced full-year figures that show the full impact of the malaise in the capital's market.
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Online
Mundy leaves CIT to head Slade co-investment drive
John Mundy has quit investor CIT to go back to the world of investment agency.
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Markets
Talk of the towns
Wrexham shed shifted ... Iceland founder expands ... Forum debate ... Claxton takes a brake ...
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Markets
Talk of the towns
Unity for Manchester University … a run for your money … Harvey Nicks … Middlewood Locks …
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Insight
The rush to resi
Commercial developers and agents are jumping on the residential bandwagon. Claer Barrett asks why and profiles the pace setters
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Professional
Waiting for recovery
British manufacturing has had a torrid time since the turn of the millennium, but there are signs that expansion is just around the corner, says Dennis Turner chief economist at HSBC Bank
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News
Slight rise for property shares
The Real Estate Index crept up BY 0.1% to 2189 this week, despite Liberty International ’s 4.4% drop to 637p. Canary Wharf helped, with its shares rising 3% to 272p. Development Securities and Freeport both had a bad week after they reported their half-year and full-year results ...
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News
Sims takes on more property
John Sims’ Property Fund Management has increased property under management to £870m, up from £729m this time last year, it revealed in its interim results. Pretax profits were down to £12,000 from £866,000, but the dividend was increased to 2p a share, up from 1.5p.
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News
Poundstretcher takes Yorkshire warehouse
Poundstretcher has signed up for a distribution warehouse in the north of England to service its 330-strong chain of discount goods outlets. The retailer, which is being run by former Matalan boss Angus Munro, is opening the 380,000 sq ft (35,302 sq m) shed in Huddersfield, Yorkshire, on Landmark ...
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Markets
North-west market is simply wunderbar
The Germans have arrived in Manchester this year. After years of concentrating solely on London, the city's market has undergone a period of frenetic activity largely due to the German open-ended funds and other overseas buyers that are attracted by the solid characteristics of the city's market. In July, DB ...
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News
Third tenant secured at More London
The More London Bridge development at London Bridge is set to secure its first office tenant for two years. The Commonwealth Development Corporation is moving from the West End and has placed around 30,000 sq ft (2,790 sq m) under offer in the 115,000 sq ft (10,684 sq m) 2 ...
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Markets
Pillar probes the outer limits
Pillar Property is proving to be the most active developer in the out-of-town market, with two schemes that are causing a bit of a stir. The most talked about is Manchester Fort on Cheetham Hill Road in north Manchester. The scheme, of 320,000 sq ft (29,729 sq m), is ...
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News
Junction puts Sheffield retail park on market
The Junction Limited Partnership has put Sheffield’s largest retail park up for sale in a bid to raise extra cash for its aggressive development programme. The sale of the 221,000 sq ft (20,531 sq m) Drakehouse Retail Park for £57m comes a week after Capital & Regional won consent ...
