27 January 2012

Property Week

View all stories from this issue.

"Huge amount of interest" in collapsed Peacocks, administrators say

26 January 2012

The administrators of Peacocks today said they have had “over 100 conversations” with potential buyers for all or part of the collapsed retailer.
‘London is the place for us,’ says Grosvenor’s Vernon

27 January 2012

Grosvenor Crescent marks landed estate’s return to its roots, its chief executive tells Nick Johnstone
£100m resi fund launch for London

27 January 2012

Aeriance Investments, a debt fund specialist, has launched a £100m fund to provide bridging loans for London residential property transactions.
£4bn NHS property company

27 January 2012

Secretary of state for health Andrew Lansley has set up a government-owned property company that is thought to have as much as £4bn of property on its books.
80 Fenchurch Street for sale

27 January 2012

Irish developer Shieldpoint has put its site at 80 Fenchurch Street in the City of London up for sale for £50m.
Aerium and Terrace Hill get green light for Mayfair scheme

23 January 2012

European property fund manager Aerium and Terrace Hill have been granted planning consent for a 31,500 sq ft office redevelopment in London’s Mayfair.
Allied Irish Bank was "desperate" to lend during the boom, court hears

19 January 2012

Allied Irish Bank was “desperate” to lend to the property and shipping tycoon Achilleas Kallakis, and its bankers acted as if they were “awash with money”, a court heard today.
Allsop prepares for new competition

27 January 2012

Allsop kicks off the first round of commercial auctions for 2012 on 7 February, and will contend with new entrants to the market.
Apprentice star Campbell joins Boris for "London vs New York" debate

30 January 2012

Former “The Apprentice” winner Tim Campbell will join Mayor of London Boris Johnson in a head-to-head London-versus-New York debate next week.
Asda agrees franchise deal to open George stores in Middle East and Channel Islands

25 January 2012

Asda has agreed terms with two franchise partners to open shops for its fashion label George, in the Middle East and Channel Islands.
Asda to "create 5,000 jobs" with £500m investment

23 January 2012

US-owned supermarket chain Asda said today it would invest more than £500m in to its UK shops this year, including opening 25 new stores and three depots.
Auction house yields continue to rise

20 January 2012

Yields continued to weaken over the final round of auctions last year, with the average all-property yield rising 70 basis points to 9.1 between October and December, the latest cPad report shows.
Barwood and Development Securities set up land fund

24 January 2012

Barwood and Development Securities have joined forces with a client of Aberdeen Asset Management to set up a £15m strategic land fund.
Big in the City: an interview with Phillip Everett

27 January 2012

In his first interview since taking over as the City of London’s built environment director, Philip Everett tells Sarah Townsend about the challenges he faces in the Square Mile
Blackstone breeds new debt division

27 January 2012

Blackstone has set up a division to manage the £1.4bn Isobel loan portfolio it bought from the Royal Bank of Scotland last year and take over management of other loan portfolios being sold by banks.
Bloxham plans to "re-invent the house"

27 January 2012

Urban Splash is working on a project which co-founder Tom Bloxham has said will “reinvent the idea of a modern house”, TheBusinessDesk.com reported today.
BNY Mellon renews lease at Canary Wharf's One Canada Square

25 January 2012

BNY Mellon has renewed its lease on 152,226 sq ft of office space at One Canada Square in Canary Wharf.
Bonmarché prepack adds to shop closures

27 January 2012

Struggling discount fashion chain Bonmarché announced it would close 160 shops this week after it was bought in a prepack administration by Sun European Partners.
Bonmarché sold in pre-pack deal to Sun European Partners

23 January 2012

Struggling discount fashion chain Bonmarché has been bought in a pre-pack administration deal by Sun European Partners.
Boris Johnson reveals latest regeneration funds

17 January 2012

Boris Johnson has announced 23 town centre regeneration projects that are to receive cash from City Hall funds.
BPF criticises government pre-pack U-turn

26 January 2012

The British Property Federation has criticised the government for scrapping plans for new legislation aimed at improving transparency around the pre-pack administration process.
British Land's Euston redevelopment put on ice

19 January 2012

Network Rail has shelved plans to redevelop Euston Station in London with British Land as its development partner, following the government’s green light for a high speed rail link to terminate at the station, PropertyWeek.com can reveal.
Brockton offloads Buckingham Gate scheme

23 January 2012

Opportunity fund Brockton Capital has sold a row of houses on Buckingham Gate near to Buckingham Palace, after securing consent for the building to be turned into a family homes and four luxury flats that will be worth up to £100m.
Burberry scores stellar sales

17 January 2012

Luxury fashion brand Burberry today posted a 21% leap in fourth-quarter sales, as the company continues to reap the benefits of its popularity in the Far East.
Caddick Development's Colchester scheme gets green light

26 January 2012

Colchester Borough Council has approved a development agreement for Caddick Development’s Vineyard Gate development following an in depth review of the development proposals.
Capital & Regional funds continue to grow

18 January 2012

Capital & Regional has announced a modest increase in the underlying value of its Junction and X-Leisure funds.
Carharrt opens store on Shoreditch High Street

27 January 2012

Carhartt will be the first international fashion brand to open a permanent store on London’s fashionable Shoreditch High Street.
CBRE Global Investors buys across the UK

24 January 2012

CBRE Global investors has bought four properties across the UK for £36.3m.
CBRE: Dublin Industrial - Q4 2011

26 January 2012

Take-up of 140,845m2 was achieved in the Dublin industrial market in 2011 compared with more than 170,000m2 of take-up in this sector of the market in the previous 12 month period, which clearly illustrates the extent to which economic conditions are impacting on occupier relation and expansion decisions.
CBRE: Dublin Offices - Q4 2011

26 January 2012

Office letting activity in Dublin performed well in Q4 2011, with 58 of the 176 individual lettings completed in the city during 2011 being signed in Q4. In total, 35,588m2 of office lettings were signed in Dublin during the period.
Chainbow sells core business in "leap of faith" to private rented sector

27 January 2012

Residential property management expert Roger Southam has sold a major chunk of his Chainbow business in order to focus on the emerging professional private rented sector.
Clinton Cards: pushing the envelope

27 January 2012

Those in the property industry have been wondering when Clinton Cards would wake up and smell the coffee, as the retailer grapples with how to reduce the £80m annual rent bill on its 771-store estate.
Clinton pays monthly rents to half its landlords

27 January 2012

Clinton Cards has revealed that half of its landlords have agreed to let it pay its rent on a monthly rather than quarterly basis.
Cobalt Central no longer blue after prelets flood in

27 January 2012

Highbridge Properties signed enough prelets just before Christmas 2011 to begin work on Cobalt Central, a 10,000 sq ft retail parade on its 250 acre Cobalt Park.
Colliers major shareholder makes takeover approach

24 January 2012

FirstService Corporation, the majority shareholder in Colliers International, has made an approach to take the company private.
Colliers team departs to resurrect Godfrey Vaughan

20 January 2012

London niche agency Godfrey Vaughan is to be brought back to life, three years after the firm was bought for £7m by Colliers International.
Consent for Prupim’s Berkeley Square scheme

24 January 2012

Prupim’s 52,000 sq ft office scheme at 30 Berkeley Square has been granted planning permission by Westminster City Council.
Consortium named as preferred bidder for Pfizer site

27 January 2012

Pfizer has confirmed that it is in early stage discussions with a consortium led by London and Metropolitan for the sale of Discovery Park, the former home of the pharmaceutical giant in Sandwich, Kent.
Council's double standards

27 January 2012

Sir, It is great that the City Council’s double standardsof Westminster has dropped Sunday and evening parking charges
Councils take on stalled shopping centre schemes

26 January 2012

Aylesbury Vale and Ealing step in to progress projects left in limbo by Palmer Capital and Glenkerrin
Crown and Norges complete Jaeger House buy

26 January 2012

The Regent Street Partnership, the joint venture between The Crown Estate and Norges Bank, has completed its purchase of Jaeger’s flagship store on London’s Regent Street.
CSC buys Braehead and Spanish development sites from Peel Group

25 January 2012

Capital Shopping Centres has agreed a deal with Peel Group to buy strategic land sites which will enable it to extend its Braehead shopping centre in Glasgow and undertake its first international development since demerging.
CSC's Spanish deal questioned by investors and analysts

26 January 2012

Investors and analysts have reacted with scepticism at Capital Shopping Centres’ purchase of an option on a development site in Malaga, Spain, from its largest shareholder.
'Custom build' offers self-help for builders

27 January 2012

For many, 2012 is going to be the year of the London Olympics and the Queen’s Diamond Jubilee. But it could also go down in history as the year a new housing revolution started in the UK.
Davos 2012 Blog: On Latin America and Europe

26 January 2012

Day one at Davos and, overall, the mood strikes me as upbeat and determined. Determined to find a solution to the crisis that currently grips Europe. Determined to find a way to ensure that the benefits of capitalism do not sow the seeds of inequality. Determined to find ways of, as the theme of the World Economic Forum states, “improving the state of the world.”
Davos 2012 Blog: Pessimism peppered with hope

27 January 2012

This year in Davos, the mood is a mixture of pessimism peppered with some hopeful signs. With respect to the financial services industry, the need to increase capital ratios along with uncertain costs attributed to new regulations has cast a cloud over the industry.
Davos 2012 Blog: rethinking capitalism and long-term investment?

26 January 2012

After starting the day early having breakfast with a very kind journalist from Swiss television, I was prepared for attending a much more heavy debate on the future of capitalism.
Davos 2012 Blog: The rise of impact investing

27 January 2012

After a typically busy Davos breakfast, the morning adrenaline rush really kicked in with a quick sub-zero dash between venues in time for my 8am in a very lively work shop debate called Harnessing the hype: Sustainable and impact investing.
Designer Carolina Herrera to open second London store

24 January 2012

Luxury fashion designer Carolina Herrera has signed to open its second London store at the Wellcome Trust’s South Kensington Estate.
Distressed stock glimmer of hope for tough year ahead

27 January 2012

Auction teams gear up for 2012, as report confirms declining sales in 2011. Rachel Hunter reports
Douglas & Gordon: The London Barometer

26 January 2012

Despite the economic and political turmoil December was a surprisingly busy month for sales at D&G and remarkably one of the best of the year.
Drum rolls out three Aberdeen prelet

27 January 2012

Drum Property Group is preparing to sell three office developments in Aberdeen that have been prelet to oil-related businesses, for a total of £95m.
DTZ senior director heads for Bray Fox Smith

20 January 2012

DTZ’s head of south east office agency has left the firm.
Eurohypo begins slimming process

27 January 2012

Bank subsumed by Commerzbank, brand future uncertain
Exemplar’s Edinburgh escapade: London developer to buy Quartermile scheme

27 January 2012

Exemplar Properties is to buy Edinburgh’s most prestigious development site, in a dramatic entry on to Scotland’s large-scale development scene.
FAQs: Planning Intelligence

26 January 2012

FAQs: Planning Intelligence
Farkas completes NAI Global takeover

26 January 2012

Andrew Farkas, the US real estate entrepreneur, has completed his purchase of commercial property network NAI Global.
Feathered foes fly in the face of PWC’s goodwill

27 January 2012

PWC sang from the rooftops about its eco-credentials when it opened its swanky South Bank headquarters at More London in March last year, but the cracks are already starting to show.
Fire fighting will continue on high street during year of the dragon

27 January 2012

The Chinese new year of the dragon began on 23 January. Dragon years are viewed as lucky, which indicates we could expect the economic downturn to ease up a bit over the next 12 months. And that is certainly good news for the retail sector, which is severely under pressure.
FirstService circles penny share Colliers

27 January 2012

Investors warned that in event of takeover, shares likely to be worthless
FirstService warns of Colliers shareholder wipe-out

25 January 2012

Canadian property services firm FirstService Corporation has warned that if it makes a takeover bid for Colliers International UK, shareholders in the company could end up losing their money.
Former DTZ chiefs lose £2m

27 January 2012

DTZ’s former chief executive and chief financial officer are to miss out on more than £2m of payments owed to them after the collapse of the company and its subsequent sale last year.
Game: playing the waiting game

27 January 2012

Following poor Christmas trading at Game Group, landlords and investors were rocked by news that the quoted retailer stands to breach banking covenants when tested at the end of February, causing its shares to plunge 25% in a single day.
Gerald Eve: Legal & Parliamentary - 16 January 2012

26 January 2012

In the editorial to the 22 November 2010 edition of Evebrief we mentioned proposed changes to the rating system in Scotland that would allow an authority to retain a proportion of the growth in non-domestic rates.
GLL Real Estate Partners refinances the MessTurm

27 January 2012

GLL refinances its Mese Turm in Frankfurt
Government makes pre-pack U-turn

26 January 2012

The government has backed down on plans to overhaul legislation around pre-pack deals aimed at improving transparency around the controversial administration practice.
Government to appeal to Supreme Court over solar tariff cuts

25 January 2012

Energy Secretary Chris Huhne is to take the row over feed-in tariffs to the Supreme Court after the High Court upheld a ruling that the government acted unlawfully in slashing solar subsidies.
Great Portland man with great expectations

27 January 2012

Robert Noel was tipped as Francis Salway’s successor even before the day he walked into Land Securities’ Strand headquarters in January 2010, to run the London division.
Green Deal to fall short, developers warn

18 January 2012

Developers have warned the government that its flagship energy initiative is unlikely to deliver the change necessary for the UK to meet its emissions targets.
Grosvenor's Burton mall for sale at £100m

27 January 2012

Grosvenor is preparing to bring its Coopers Square shopping centre in Burton-upon-Trent to the market for around £100m.
GVA appointed to sell Beetham Birmingham hotel

26 January 2012

GVA has been appointed to sell the long leasehold on a major Birmingham hotel previously owned by Stephen Beetham.
Hadley regeneration plans approved

27 January 2012

Plans submitted by Telford & Wrekin Council for a £2.3m regeneration of Hadley have been approved, TheBusinessDesk.com reported today.
Hammerson agrees new Bishopsgate lease

27 January 2012

Hammerson has agreed a new letting and an extension to the existing lease with law firm Latham & Watkins at 99 Bishopsgate.
Hammerson to create Monument to Newcastle retail

27 January 2012

REIT to begin revamp of city centre mall in April. Sarah Stewart reports
Harbingers of Gloom: ULI/PWC Emerging Trends report

27 January 2012

The Urban Land Institute and PWC’s Emerging Trends report, published today, foretells of a depressing year ahead. Co-author Lucy Scott reports
Hawkins Bazaar to trade from 10 stores

26 January 2012

The new owner of Hawkins Bazaar, Primary Capital, which bought the business out of administration last week will look to trade from just 10 stores.
Helios link to €250m German logistic parks

27 January 2012

Helios Europe, Tristan Capital Partners and AEW Europe’s opportunistic EPISO fund plans to develop three logistics parks in Germany with an estimated completion value of €250m.
Henry Boot to “invest more” in development

26 January 2012

Developer Henry Boot said today it will “invest more” in developments over the next two years.
High street retailers closed 909 stores in 2011 following administrations

23 January 2012

Major high street multiples closed 909 stores in 2011 as a result of falling into administration – this was an increase of 144% on the previous year.
Hong Kong firm in £300m Goldman HQ talks

26 January 2012

A Hong Kong-based fund manager is in talks to buy part of Goldman Sachs’ City HQ for £300m.
Housebuilders pin hopes on return of 'feel-good factor'

27 January 2012

Twas the weekend before Christmas and in the Bluewater car parks, not a lot stirred. A mild understatement, perhaps, but everything is relative.
IERET pays down debt

26 January 2012

Invista European Real Estate Trust (IERET) has repaid €11.3m to its senior lender, Bank of Scotland, to avoid paying increased finance costs.
Inside private equity's workout regime

27 January 2012

Asset management of huge portfolios follows sales. Mike Phillips reports
Inside the deal: Storeys:SSP and Edward Symmons merger

27 January 2012

“Our initial meetings were kept strictly under wraps. Members of senior management on both sides met in bars in Leeds and got to know each other very gradually,” says Paul Proctor, chairman of Edward Symmons.
INTELLIGENCE: Derivative Values

27 January 2012

Take notes of property-linked variety this year
Internos builds French business with Invista mandate win

25 January 2012

Internos Real Investors, the €2.2bn real estate fund manager, has taken over the investment management of a €90m French portfolio from Invista Real Estate Investment Management.
Irish declare Quinn bankrupt

17 January 2012

Irish former billionaire Sean Quinn has been declared bankrupt by the Dublin High Court, after less stringent bankruptcy proceedings in the UK legal system were blocked last week.
Irish property values rise for first time in four years

25 January 2012

The reduction in stamp duty in Ireland, from 6% to 2% has led to a temporary respite in the decline in the country’s property values.
Jimmy Choo to open London head office at 123 Victoria Street

25 January 2012

Luxury shoe retailer Jimmy Choo has signed a deal to open its new headquarters at 123 Victoria Street in London later this year.
Jones Lang LaSalle wins GlaxoSmithKline global mandate

23 January 2012

Jones Lang LaSalle has been appointed to provide global real estate services to GlaxoSmithKline for more than 10 years.
Kallakis berates 'desperate' Allied Irish bankers

27 January 2012

The actions of Allied Irish Bank staff during the property boom came under scrutiny this week as property and shipping tycoon Achilleas Kallakis told jurors he could obtain credit and complete a deal in just 12 days.
Kallakis juror's cold feet

27 January 2012

The trial of property and shipping tycoon Achilleas Kallakis drags on, after Swiss courts released fresh evidence over the new year.
Knight Frank: Student Property 2012

26 January 2012

Student property has performed exceptionally well as an asset class compared to traditional investments over the last year. In fact, it has outperformed every other commercial property class and delivered consistent returns throughout the economic downturn, argues Knight Frank’s Head of Student Property James Pullan.
L&G Property to double size of Blenheim Centre in Hounslow

26 January 2012

Legal & General Property has entered into an agreement with Hounslow Council which will enable it to more than double the size of its existing Blenheim Centre mall.
L&G to splash £112m on Reading Tesco shed

27 January 2012

Distribution hub sale will be UK industrial property’s most expensive
Land Securities completes trio of London deals

27 January 2012

Land Securities has completed a trio of office lettingstotalling 130,000 sq ft in London.
LandSecs agrees four new prelets at Buchanan Street

27 January 2012

Land Securities has secured four retailers at its 155,000 sq ft Buchanan Street development in Glasgow.
Lansley reveals NHS property company

25 January 2012

The Secretary of State for Health Andrew Lansley has announced plans to create a government-owned property company to manage the primary care trust estate, and dispose of surplus property.
LaSalle buys Virgin health club for £11m

23 January 2012

LaSalle Investment Management has bought a Virgin Active health club in London for £11m.
LaSalle forward purchases part of Lawley retail scheme

25 January 2012

Development Securities’s wholly-owned subsidiary, Henry Davidson Developments, has pre-sold part of its 4.5 acre development site in Lawley, Telford, to a client of LaSalle Investment Management for around £12m.
LaSalle hires veteran Jon Zehner

24 January 2012

LaSalle Investment Management is hiring Area Property Partners’ senior director Jon Zehner in a new global role.
Leases will be the main event in 2012 and 2013

27 January 2012

Strutt & Parker research shows that in London’s West End alone, 34% of office occupiers have upcoming lease events — expiries or breaks — in 2012 or 2013.
Legal & General to double Hounslow high street mall

27 January 2012

Legal & General Property has struck an agreement with Hounslow Council that will enable it to more than double its Blenheim Centre mall.
London & Stamford increases fire-power to £800m

26 January 2012

London & Stamford has increased the amount of funds at its disposal to £800m.
Lone Star in talks to buy Bundesbank debt portfolio

18 January 2012

US equity firm Lone Star is buying a portfolio of distressed debt from the German Bundesbank.
Lots of gold at Dublin auctions

27 January 2012

Despite the troubled state of the Irish economy and the collapse of its property market three years ago, Allsop Space’s first property auction in Dublin last April was packed, and late arrivals had to spill out on to the street.
Lotus to open flagship retail store on Regent Street

23 January 2012

Lotus Originals, the luxury clothing and accessories brand launched by car company Lotus, has signed to open its global flagship store at 52 Regent Street in London’s Piccadilly.
Malmaison leases first new hotel since refinancing

23 January 2012

Malmaison, the listed hotel company set up by Richard Balfour-Lynn, has leased its first new hotel since a £280m refinancing last year.
Man U and Langan building on block

27 January 2012

The London property that houses Langan’s Brasserie and offices of Manchester United is to go up for sale for £170m.
Man Utd £170m London office on the block

24 January 2012

The home of Langan’s Brasserie and a Manchester United FC office is likely to be put up for sale for around £170m.
Mayfair fund spends £40m

27 January 2012

A charity fund managed by Mayfair Capital Investment Management has completed £40m of transactions.
Middle Eastern investor buys £36m NAMA mansion

27 January 2012

The sale of a mansion put into receivership by Ireland’s National Asset Management Agency completed this week, with the buyer paying £27m less than the level of the building’s debt.
Midweek Bulletin: Salway's rollercoaster ride and Noel at the helm

24 January 2012

Property Week’s editor-in-chief Giles Barrie and executive editor James Whitmore discuss the news today that Rob Noel will take over from Francis Salway as chief executive of Land Securities at the end of March.
Monsoon moots monthly rent

27 January 2012

Fashion retailer slams “archaic” quarterly payments in confidential letter to landlords
Morrisons' Kiddicare brand takes on 10 Best Buy stores

26 January 2012

Morrisons’ Kiddicare brand has agreed to take on the leases of 10 former Best Buy stores from Carphone Warehouse.
Mortgages hit £140bn in 2011, despite European turmoil

23 January 2012

Banks loaned a total £140bn in mortgages to the residential sector last year, an increase of 3% off the back of a stronger-than-expected final quarter, the Council of Mortgage Lenders (CML) said today.
Nestle to close Hayes factory

16 January 2012

Nestlé UK has announced plans to close its factory in Hayes after unveiling plans for a £200m extension to its factory in Tutbury, Derbyshire.
New Look to resize store portfolio

20 January 2012

New Look could close 10% of its current portfolio, equating to around 60 stores, as part of an ongoing property review at the fashion chain.
New north west investment boss at CBRE

24 January 2012

CBRE has hired a new head of capital markets for its north west division.
Noel to replace Salway as Land Securities' CEO

24 January 2012

Francis Salway is to stand down as a chief executive of Land Securities at the end of the financial year.
North Sea oil company relocates Aberdeen HQ

26 January 2012

A North Sea oil exploration company has taken a headquarters building at Gladman Developments’ Abercrombie Court scheme in Aberdeen.
Northacre consent for luxury Kensington apartments

26 January 2012

Northacre has received planning consent for a luxury apartment scheme in Kensington overlooking Kensington Palace.
Occupiers moor at Hartlepool office

27 January 2012

Occupiers moor at Hartlepool office Berkshire Asset Management has fully let a 20,000 sq ft office building, Maritime House, which overlooks Hartlepool Marina in Teesside.
Oliver Bonas to open 10 shops this year

25 January 2012

Fashion and homewear retailer, Oliver Bonas, is looking to expand its UK store portfolio with a target of 10 further shops in the coming year.
Olympic media centre shortlist named

19 January 2012

Three bidders have been named today as shortlisted parties to anchor the Olympic International Press and Broadcast Centres from Spring 2013.
On the rostrum

27 January 2012

Auction process is not crude, but timely and cost-effective
Orchard Street buys remaining 50% of Carmarthen mall

16 January 2012

Orchard Street Investment Management has bought the remaining half of the freehold of St Catherine’s Walk shopping centre in Carmarthen for £40.7m on behalf of St James’s Place Wealth Management.
Passport to Pimlico resi for Network Rail

27 January 2012

Railway owner to develop high-end residential next to Chelsea Barracks
People Moves: CBRE, Colliers International, Strettons and more...

27 January 2012
Picton Property to focus on "new debt facilities"

26 January 2012

Picton Property Investment Trust will focus on securing new debt facilities following the internalisation of its management structure.
Pilloried posts did not prove possession

27 January 2012

The message: Meaningful retaking of land is needed to remove squatters.
Planning Intelligence

26 January 2012
Pramerica European head Adler to become global chief operating officer

25 January 2012

Pramerica Real Estate Investors’ European chief Eric Adler will take over as the global chief operating officer at the beginning of next year.
Pressure group to ‘bang table’ for north-east

27 January 2012

G9 to advise local government on continuing region’s regeneration. Sarah Stewart reports
Professional Primer: RICS business valuation

27 January 2012

An insight into the world of business valuation
Property Week Digital Edition - 27 January 2012

27 January 2012
PWTV: "Battersea Power Station needs to be developed in smaller stages"

26 January 2012

The Battersea Power Station site should be developed in smaller stages and we should consider knocking down the redundant power station building - those were two of the views expressed at the Movers & Shaker “Developing London” breakfast last week.
Q+A: Merchant on track with Hitachi

27 January 2012

Last week, Nick Clegg visited Japan to talk about its future business strategy with the UK.
Qataris capture Credit Suisse’s Canary crib

27 January 2012

Qatar Investment Authority to pay £325m for bank’s HQ in sale and leaseback
Recipe for MetrOasis takes shape

27 January 2012

The construction of MetrOasis, the 15,000 sq ft restaurant scheme at Metrocentre in Gateshead, started last week.
Red Book is of value to banks

27 January 2012

Sir, The RICS should involve banks in any review of the Red Book to bring about industry-wide terms of engagement
Related raises record funds

27 January 2012

US development and investment firm Related Companies has completed the final closing of its US distressed assets fund with equity commitments of $825m.
REO suspended from London Stock Exchange

27 January 2012

Former Battersea Power Sation owner Real Estate Opportunities has been temporarily suspended from trading on the London Stock Exchange.
Report on RICS North East Summit 2012

31 January 2012

The RICS North East Summit is an annual event which attracts leading speakers from the fields of politics, finance, business and property.
Resolution completes Ocean Terminal Shopping Centre buy in Edinburgh

24 January 2012

Resolution Property has completed its purchase of Ocean Terminal Shopping Centre on Edinburgh’s waterfront, as tipped by Property Week (19/10/11).
Retail renaissance will begin when rents hit the shop floor

27 January 2012

Early indications suggest an OK Christmas, as trading statements were not as bad as many had feared.
Retailers should tailor their wares to consumer tastes

27 January 2012

Sir, Economic conditions have brought into stark focus the need for enhanced retail property skills.
Safestore delivers confident results

26 January 2012

Safestore Holdings delivered a confident set of annual results today despite a marginal fall in its net asset value.
Salway leaves LandSecs in a much better place

27 January 2012

“I won’t always agree with what you write, but I will always respect what you write,” said Francis Salway on this correspondent’s voicemail in November 2007.
Salway picks his moment to leave LandSecs on top

27 January 2012

REIT on Tuesday announced that its chief executive would stand down at the end of March, to be replaced by Robert Noel. James Whitmore assesses his eight years at the helm and looks forward to the Noel years
Scottish property prices continue to fall

27 January 2012

Scottish property prices fell 3.2% last year, with prices in Edinburgh falling 2.8%.
Shattock returns with investment manager Trinova

27 January 2012

Former Quintain deputy chief executive Nick Shattock is making a comeback at an investment management firm backed by a Spanish investment bank.
Small firms to get discount rents on government property

23 January 2012

The prime minister is to announce plans to lease empty government buildings to small firms at discount rents as part of plans to boost the economy.
Snow’s Vertical limit

27 January 2012

Channel 4 News anchor Jon Snow has stepped up alongside professional stair-running athlete Thomas Dold to take part in 2012’s Vertical Rush, the annual sponsored run up London’s Tower 42 on Thursday 1 March, in aid of Shelter.
South east offices surge sparks speculative schemes

25 January 2012

Office take-up in the south east rose by 42% in the final six months of 2011, prompting a tentative return to speculative development, according to research conducted by CBRE.
Stanhope gets consent for Kings Cross office development

27 January 2012

Development firm Stanhope has secured planning permission for an office refurbishment and extension of One Mabledon Place in Kings Cross and St Pancras.
Steve Thomas appointed head of Montagu Evans

27 January 2012

Montagu Evans has named Steve Thomas as its new managing partner, taking over from the retiring Clive Riding.
Strutt & Parker green team will sustain schemes

27 January 2012

Landlords are becoming aware of financial rewards of sustainability. Sarah Townsend reports
Suppliers find nowhere to park near Nissan

27 January 2012

Last August Nissan announced its intention to expand production at its Washington site in Sunderland and increase production of its Leaf model.
Take three … 2012 openings for job seekers

27 January 2012

For property professionals, 2011 was another difficult year as uncertainty in economic markets and a lack of funding continued to stall growth. Our data show that vacancies declined throughout 2011. There are, however, a few bright spots in the jobs market this year.
Taylor Wimpey to hit targets early

17 January 2012

Taylor Wimpey has announced it is likely to reach its target of double-digit operating profit ahead of schedule after a modest rise in home completions in 2011.
Tchenguiz attaches £3.5bn price tag to resi portfolio sale

27 January 2012

Sale of European Investments Overseas’ 250,000 ground rents would be UK’s largest property sale
Terrace Hill signs Sainsbury's at Sedgefield

30 January 2012

Terrace Hill has signed a contract with Sainsbury’s for the development of a 50,000 sq ft store in Sedgefield.
Tesco's skate of mind

27 January 2012

Tesco is closing furniure outlets and concentrating on what it does best: supermarkets.
Thames Water in Battersea buy talks

27 January 2012

Thames Water is to wrest control of part of the Battersea Power Station scheme that is in administration, after earmarking it for a site for London’s “super-sewer”
The Meyer files: how Coin Street co-op confounded Lipton

27 January 2012

Investment agency stalwart Andrew Meyer has given Property Week exclusive access to an Aladdin’s cave of property press cuttings, going back 30 years.
The Property Archive: UK Property Investment Bulletin - Q4 2011

26 January 2012

2011 was the year of following the money. Both UK institutions and overseas investors were the largest buyers and sellers throughout the year.
Thorntons: choc to the system

27 January 2012

Many specialist retailers have suffered as the supermarkets encroach on to their sales territory, but confectioner Thorntons’ problems are largely of its own making. The retailer’s commercial division, which sells boxed chocolates to supermarkets, has been the fastest-growing part of its business in recent years and sales growth has far outstripped that at its 579 UK stores.
Threadneedle completes £30m Marlow deal

16 January 2012

Threadneedle Property has completed a deal to buy a 100,000 sq ft office scheme in Marlow, Buckinghamshire, from Invista Real Estate Investment Management for £30m.
Three men jailed for €22m property fraud

27 January 2012

Three men including ex-Mishcon de Reya lawyer Kevin Steele have today been sentenced for defrauding Zurich’s EFG Private Bank of €22m.
Top of the shops

27 January 2012

Maybe retailer TJ Hughes has left your shop, which is now occupied by squatters.
Townsend invests in Threadneedle's office retro-fit fund

24 January 2012

The Threadneedle Low-Carbon Workplace Trust (LCW) has secured a “significant” equity commitment from the Townsend Group, boosting its coffers to £100m.
Treasury Holdings confirms NAMA administration attempt

25 January 2012

A listed company set up by Treasury Holdings confirmed this evening that NAMA had appointed receivers to some of its assets – and there will be a judicial review of the decision tomorrow morning in the Irish court.
Turning point

27 January 2012

Advisers to lenders of £535m secured against the Citypoint Tower in the City of London have given its owner six weeks to carry out a restructuring.
UK Land overcomes planning issues in time for busy 2012

27 January 2012

Developer predicts packed year for 17m sq ft portfolio. Sarah Stewart reports
Unite buys Lehman stake of student village partnership

20 January 2012

Unite has bought Lehman Brothers subsidiary Parkmetro Ltd out of joint venture Unite Student Village (USV).