27 January 2006

Property Week

View all stories from this issue.

  • 20-30-40-50

    25 January 2006

    Each week Ettie Neil-Gallacher meets a property figure from a different age bracket. James Patmore, 40, is a founding director of Office Planet, the market for office occupiers

  • A victory for common sense

    27 January 2006

    In 2004 Property Week campaigned against the FSA's regulation of insurance activities in the property world. Now the RICS has won the right to license the industry and reduce bureaucracy.

  • Advocating impartiality for expert witnesses

    27 January 2006

    Sir, Simon Curtis's article (professional + legal, 06.01.06, p51) highlighted how rent review surveyors acting as expert witnesses could avoid damaging accusations of client bias if their role were to be changed to that of an advocate.

  • Arlington sells 53 acres at Hatfield Business Park

    24 January 2006

    Arlington Securities has sold 53 acres (21 ha) at its Hatfield Business Park in Hertfordshire.

  • Arlington's Herts sales

    27 January 2006

    Arlington Securities has sold 53 acres (21 ha) at its Hatfield Business Park in Hertfordshire.

  • Auctions

    27 January 2006

    Few have what it takes to make it on to the rostrum

  • Bath resi development plans delayed eight times

    27 January 2006

    Masterplan for Western Riverside site is 17 months late, forcing appeal

  • Bear Stearns's London review

    27 January 2006

    Bear Stearns is undertaking a strategic review of its London office that could lead to its departure from 1 Canada Square in Canary Wharf.

  • Blackpool's illuminations

    27 January 2006

    Even if Blackpool does not win the bid for the first ‘supercasino', a range of developments is set to turn it from a seaside town to a year-round economy.

  • BNP Paribas launches €600m Euro fund

    27 January 2006

    French bank and subsidiary Atisreal kick-start property fund business

  • Bristol, Bath + Swindon

    27 January 2006

    Bath resi development plans delayed eight times Terrace Hill Bristol scheme Cubex sells land in Bath The market in minutes Sparring partners Swindon calling Legal aid

  • Britain's most expensive offices

    27 January 2006

    Tchenguiz brothers and Jack Dellal to sell Shell-Mex house for more than £550m

  • CABE urges planners to insist on better workplaces

    27 January 2006

    Design watchdog sets out six principles for employment sites

  • Case news

    27 January 2006

    Warren Gordon examines how a landowner need not communicate an objection to a right of way on its land, while Jonathan Ross reports on how parties sharing responsibility should clarify liability

  • CBI: landlords are more flexible

    27 January 2006

    Landlords have become more occupier friendly and are willing to make lease terms more flexible, according to a report from the Confederation of British Industry.

  • Child's word play

    27 January 2006

    Quintain boss Adrian Wyatt added some levity to last week's meeting of the European Public Real Estate Association by telling a knob joke.

  • Cilla's blank

    27 January 2006

    Cilla Black has had the occasional romantic dalliance with the property world, as witnessed by recent dates with Reading Football Club chairman and property mogul John Madejski.

  • City of London Office

    27 January 2006

    City of London Office Unit Trust (CLOUT) this week sold CityPoint in the City of London to Tishman Speyer, SITQ, Schroder Exempt Property Unit Trust and UBS Wealth Management for £520m - a net initial yield of 5.85%. The 36-storey CityPoint is the largest single commercial office building in the City at 707,000 sq ft (65,688 sq m).

  • City view: James Whitmore

    27 January 2006

    The surge in property company share prices in advance of REITs has put the kibosh on takeover deals over the last couple of years.

  • Closure of DB fund prompts exodus

    27 January 2006

    Last year there was a net outflow of investment from German open-ended real estate funds for the first time in five years.

  • Co-op prepares £100m portfolio sale

    27 January 2006

    The Co-Operative Group plans to sell its 27 remaining department stores as a £100m portfolio.

  • Cubex sells land in Bath

    27 January 2006

    Bristol-based developer Cubex Land is about to sign four transactions totalling 95,000 sq ft (8,826 sq m) to develop offices, warehouses and a car dealership at Bath Business Park.

  • Debenhams homes in on Focus property chief

    27 January 2006

    Department chain poaches Phil Monaghan to lead 150-store expansion programme

  • Diary of... a rent review surveyor

    27 January 2006

    Roger Sewell, head of landlord and tenant at Montagu Evans, takes us through his week

  • Doubts hound Baskerville

    27 January 2006

    The speculative development of Baskerville House aims to set a record rent for Birmingham offices, but will its off-pitch location be a drawback?

  • England expects expansion as he takes reins at Atisreal

    27 January 2006

    Head of agency Mark England steps up to chief executive as part of ‘top five' strategy

  • English Partnerships

    27 January 2006

    English Partnerships is looking for a developer for the 147 acre (60 ha) Whittingham Hospital site near Preston. Whittingham closed in the early 1990s and is one of 96 former hospital sites transferred to EP last year as part of an agreement between the Office of the Deputy Prime Minister and the Department of Health. There is outline planning permission for up to 584 homes, 200,000 sq ft (18,500 sq m) of offices or industrial, a school ...

  • Ex-Arlington man Hunter gathers Colliers CRE role

    27 January 2006

    Former managing director of Arlington Property Investors David Hunter has won his second property fund consultancy role since setting up on his own last November.

  • George Wimpey in talks for £11m Millennium Dome site

    27 January 2006

    Housebuilder negotiates with Quintain and Lend Lease for 300-home site on Greenwich Peninsula

  • German fund body acts to avert crisis

    27 January 2006

    Fund managers try to control investor panic after closure of three funds

  • Germany's open-ended party comes to a close

    27 January 2006

    Property hit the headlines in Germany this week, when the Bundesbank, financial watchdog BaFin and the finance minister mounted a joint effort to stabilise the open-ended property fund industry.

  • Going down a treat

    27 January 2006

    Yields continued to fall in Birmingham last year. Sean McAllister reports

  • Going places

    27 January 2006

    Sir Steve Redgrave (pictured) has been appointed by Gleeds as a non-executive adviser. Redgrave will be an ambassador for Gleeds in the run-up to the 2012 Olympics.

  • Government's planning panacea pilots unveiled

    25 January 2006

    The Office of the Deputy Prime Minister has unveiled a series of pilot projects to speed up the planning process for large developments this week.

  • Hanover Square

    27 January 2006

  • Hard Fort battle

    27 January 2006

    Defunct tyre factory Fort Dunlop (pictured), an eyesore familiar to M6 motorists, is about to be reborn as a business park, retail centre and hotel.

  • Harding done by

    27 January 2006

    Hampshire and Dorset's Goadsby & Harding paid workers £5 an hour last weekend to replace 3,500 commercial and residential boards with its new name, Goadsby.

  • HelioSlough buys Staffs business park

    27 January 2006

    JV acquires site near Stoke and plans to develop 537,000 sq ft

  • HelioSlough buys Stoke business park

    27 January 2006

    HelioSlough, the joint venture between Slough Estates and Helios Properties, has bought a 42.7 acre (17.29 ha) business park in Stoke-on-Trent for £17.7m.

  • Henderson launches European open-ended fund of funds

    26 January 2006

    Henderson Global Investors today announced it had launched the first open-ended European property fund of funds.

  • Ikea to open first stores in Ireland

    27 January 2006

    Ikea is to move into ireland and plans stores in Dublin and Belfast next year.

  • In deep water

    27 January 2006

    Years of economic decline and last year's floods have made Carlisle a tough sell to developers, but those in charge of its regeneration think its potential can be tapped.

  • Industrious alumni and Protego set up offshore investor

    24 January 2006

    Roger Carey, the former boss of industrial property investor Industrious, and his number two John Keogan, have joined forces with fund manager Protego Real Estate Investors to set up an offshore industrial investment company.

  • Industry asks for REIT ‘fixes and concessions'

    27 January 2006

    Government asked to be realistic over gearing and 10% shareholder cap

  • Lancashire + Cumbria

    27 January 2006

    Lex purchase to kick-start Chorley regeneration The market in minutes Blackpool's illuminations New hope for the leak district In deep water

  • Legal aid

    27 January 2006

    Law firms continue to be Bristol office developers' best friends. And, overleaf, industrial vacancy rates are rising.

  • Legal moves to crop farm tax exemption

    27 January 2006

    The Noughties property boom has placed many homeowners under the shadow of Inheritance Tax for the first time. Escalating property values combined with the continuing craze for property investment has meant a staggering 1.6 million people are expected to face the largest tax bill of their lives as they lie in the grave.

  • Lex purchase to kick-start Chorley regeneration

    27 January 2006

    Auto logistics firm takes 100 acres at Buckshaw Village for new warehouse and offices

  • London prices still on top

    27 January 2006

    House prices across England and Wales, plus commercial and buy-to-let mortgage rates

  • Lots to watch

    27 January 2006

    Allsop Commercial Auction, Berkeley Hotel, Wilton Place, Knightsbridge, 7 February

  • Lucky limerick

    27 January 2006

    They say the luck of the Irish always wins through, so I was amused to hear that Anglo Irish Bank is to sponsor the Supreme Novices Hurdle at the Cheltenham Festival this March.

  • Mapeley's passport to outsourcing comeback

    27 January 2006

    Controversial landlord in exclusive talks to win first government contract since 2001

  • Minerva secures £275m debt for speculative City scheme

    26 January 2006

    Minerva has secured a £275m senior debt facility to speculatively develop the Walbrook, a 440,000 sq ft (40,876 sq m) freehold office development in the heart of the City of London.

  • Minister reveals planning pilots

    27 January 2006

    The Office of the Deputy Prime Minister this week unveiled a series of pilot projects to speed up the planning process for large developments.

  • Monster tunes for Party Near the Park

    27 January 2006

    Hold on to your frightwigs.

  • More thought will mean less space for local authorities

    27 January 2006

    Council office space strategies must adapt to new working trends

  • Morley to refurbish DTZ's former Brum offices

    27 January 2006

    Morley Fund Management is about to submit planning permission to refurbish DTZ's former offices at 10 Colmore Row, central Birmingham.

  • Morley's Broad St buy

    27 January 2006

    Morley Fund Management is to acquire CIS's share in 111 Old Broad Street in the City of London in a deal worth around £110m.

  • Moss Bros sprints out of Olympic CPO zone

    27 January 2006

    Moss Bros is set to be the first big-name occupier to be forced to relocate from the Olympic Zone in Stratford, east London.

  • NAI Fuller Peiser takes bigger Birmingham office

    27 January 2006

    NAI Fuller Peiser is set to move to 9 Colmore Row in central Birmingham, as part of the firm's expansion plans.

  • Networkers

    27 January 2006

    Savills is the UK's largest publicly listed property services firms. Its Bristol office covers residential, commercial, agricultural and financial property.

  • New hope for the leak district

    27 January 2006

    The £77m New Squares development aims to lure Penrith's shoppers back to the town's high street.

  • New London Architecture

    27 January 2006

    New London Architecture, a permanent exhibition at London's Building Centre, this week launched a new theme, Prefabulous London.

  • Northern plight

    27 January 2006

    The north-west is short of development land, says the Valuation Office Agency's Rob Hughes

  • Overly taxing

    27 January 2006

    Sir, As development profit, as well as the gain on any sale of a development site are liable to tax, it is difficult to see how Gordon Brown's proposal for a development land tax (professional + legal, 06.01.06, p56) can achieve its stated objective of stimulating development. Past experience indicates that it will do the opposite.

  • PD Ports and Tees Valley Regeneration

    27 January 2006

    PD Ports and Tees Valley Regeneration have been given the go-ahead for a £500m development at Hartlepool's North Dock. The mixed-use scheme, known as Victoria Harbour, includes 3,430 homes, 183,000 sq ft (17,000 sq m) of retail warehousing and 613,500 sq ft (57,000 sq m) of employment uses, as well as community and leisure facilities. The 200 acre (80 ha) Victoria Harbour is operated by PD Ports and is close to the Town Centre, between ...

  • Periodic tenancy

    27 January 2006

    Sir, It is suggested in the advice on business tenancies given by Alison Mould (professional + legal, 09.12.05, p67) that a periodic tenant must have been in occupation of business premises for more than a year before it will gain the protection of the Landlord and Tenant Act 1954.

  • Planning appeals

    27 January 2006

    Sites for sore eyes

  • Pointing the way

    27 January 2006

    Coventry council hopes an ‘International Spire of Peace' can inspire the regeneration of the inner city.

  • Professional advice

    27 January 2006

    This week, the Disability Discrimination Act, energy performance certificates, and double rent

  • Property unit trust body bids to be ‘voice' of fund industry

    27 January 2006

    Association of Real Estate Funds aims to expand under chairmanship of ING's Nick Cooper

  • Prudential Property Investment Managers

    27 January 2006

    Prudential Property Investment Managers has bought 103/106 Broad Street and 29 Chain Street in Reading for £10.2m, reflecting a net yield of 4.2%, on behalf of its private investor £450m M&G Property Portfolio fund. The 15,700 sq ft (1,458 sq m) property is let to Clarks for 10 years. Cushman & Wakefield Healey ...

  • Regeneration property outperforms market

    27 January 2006

    Almost a year after its launch, English Partnerships' Urban Regeneration Index continues to show that areas in need of regeneration can be good investments.

  • Resolution ties up €258m Spanish retail purchase

    27 January 2006

    Resolution Property today announced the purchase of the freehold of 893,412 sq ft (83,000 sq m) at a retail park in Spain for €258m (£177m) as part of its European spending spree.

  • Retail park funds shine with 35.5% return

    27 January 2006

    Hercules and Junction are best performers in 2005 pooled property fund index

  • Rob Brydon

    27 January 2006

    Comedy actor Rob Brydon will top a night of gala entertainment in between the serious business at Sheds - the networking event on 8-9 February.

  • Rosemound signs two up in Leics

    27 January 2006

    Rosemound is close to preletting 364,000 sq ft (33,815 sq m) of distribution space at its 130 acre (53 ha) Logix Park scheme in Hinckley, Leicestershire.

  • Rowan's two acquisitions

    27 January 2006

    Nick Jacobs' Rowan Asset Management has completed two acquisitions on behalf of its UK Comm 2 fund.

  • Sefton signs up in Bootle

    27 January 2006

    London-based developer Nightingale Estates has prelet its 80,000 sq ft (7,432 sq m) Magdalen House in Bootle to Sefton Council.

  • Sink or swim

    27 January 2006

    Twelve million Britons go swimming at least once a week, but the public pools are on the decline. Ettie Neil-Gallacher reports on the row between the campaigners and local authorities

  • Skandia taps private investor market for £260m unit trust

    27 January 2006

    Swedish fund manager bids to win slice of £3bn market

  • Sparring partners

    27 January 2006

    Another spa operator is lining up to exploit the underground springs of Bath.

  • Sports World heads for high streets as park rents rocket

    27 January 2006

    Retailer to sell 12 out-of-town stores and asks Churston Heard to look for in-town shops

  • Stanhope and Schroders in Croydon breakthrough

    27 January 2006

    Stanhope and Schroders have secured a victory in the war with Croydon council over plans for a 1m sq ft (92,900 sq m) scheme near East Croydon station.

  • Swindon calling

    27 January 2006

    With Swindon ripe for revival, it is private sector developers, not publicly funded agencies, that are leading the way

  • Terrace Hill Bristol scheme

    27 January 2006

    Terrace Hill has submitted a planning application to South Gloucestershire District Council for 43,000 sq ft (3,995 sq m) of office space at Golf Course Lane in Filton, Bristol.

  • The anchor woman

    27 January 2006

    John Lewis is the darling of the high street, and the first choice of anchor for retail developments. Laura Chesters meets its property chief, Ann Humphries. Photographs by Toby Glanville

  • The market in minutes

    27 January 2006

    Christine Eade gives you the lowdown on all the sectors across the region

  • The market in minutes

    27 January 2006

    Anna Goldie gives you the lowdown on all the sectors across the region

  • The market in minutes

    27 January 2006

    Sean McAllister gives you the lowdown on all the sectors across the region

  • Tiger rejigs UK portfolio

    27 January 2006

    Tiger Developments completed £50m of transactions this week.

  • Tottenham hails 1.5m sq ft Tube scheme

    27 January 2006

    North London-based developer Lee Valley Estates has drawn up a proposal for Hale Village, a 1.5m sq ft (139,353 sq m) scheme on an 11.8 acre (4.8 ha) site next to Tottenham Hale Tube station in north London.

  • Triple £80m sale in West Midlands industrial bonanza

    27 January 2006

    Lack of industrial parks on market fuels 2.3m sq ft of acquisitions

  • Two worlds collide

    27 January 2006

    Morley is leading institutional investors into social housing.

  • Villa instinct

    27 January 2006

    Aston Villa Football Club's property portfolio is a sought-after attraction.

  • Warning signs emerge in the secondary market

    27 January 2006

    Entrepreneurial spirit, with Nick Leslau

  • West Midlands

    27 January 2006

    Triple 80m sale in West Midlands industrial bonanza NAI Fuller Peiser takes bigger Birmingham office Morley to refurbish DTZ's former Brum offices The market in minutes Villa instinct Pointing the way Doubts hound Baskerville Hard Fort battle Going down a treat


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