27 October 2006
Property Week
View all stories from this issue.
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...while Savills sets 93% personal best
27 October 2006
Savills’ commercial auction team ensured Allsop was not the only record-breaker last week after it set a 93% personal best at its Mayfair event last Monday.
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£600m Sheffield redevelopment plans submitted
30 October 2006
RREEF submitted a planning application today for the first phase of its mixed use redevelopment in Sheffield.
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20-30-40-50
25 October 2006
Each week we meet a property character from a different age bracket. This week Claer Barrett meets Moira Hamilton, 26, retail agent at Savills
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3 Mobile buys up rival's stores
24 October 2006
Mobile phone company 3, owned by Hutchison Whampoa, has bought 95 shops from rival mobile phone company O2
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A spirit of co-operation
27 October 2006
Since joining from BT in July, Linda Shillaw has started shaking up the Co-op’s 3,300-strong operational and investment portfolio.
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Allsop breaks records with £171m sale...
27 October 2006
£10m British Land property is biggest individual lot
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Alsop chosen for Croydon masterplan
31 October 2006
Croydon Council has appointed architect Will Alsop to draw up a masterplan for Croydon town centre
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Bat magic
27 October 2006
Development Securities got more than it bargained for when it invited BREEAM assessors to advise on how it could score the best possible environmental rating at its Paddington Central development.
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Bath reels in Debenhams anchor
27 October 2006
Debenhams is set to sign up as an anchor at Multi Development and Morley Fund Management’s Southgate shopping centre in Bath.
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Bellway joins Coplan for Ilford resi scheme
27 October 2006
Housebuilder to bid for £100m Essex development
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Cambridgeshire
27 October 2006
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CapCo in talks to extend Covent Garden turf
27 October 2006
Capital & Counties, which bought London’s Covent Garden market in August for £421m, is in talks with landlords in the area about potential joint ventures and acquisitions to improve the retail destination.
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Carbon neutrality must turn to practical reality, says Kelly
27 October 2006
Secretary of state challenges developers at English Partnerships’ annual open meeting
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Case news
27 October 2006
Warren Gordon reports on a homeowner overturning a CPO that could derail the Pathfinder programme, while Jonathan Ross reveals the high price landlords can pay for neglecting repairs
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Castlemore to go on gas
27 October 2006
Castlemore Securities and National Grid Properties have received planning consent for their Bell Green Gas Works site in Sydenham, south-east London, following a public inquiry.
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City view: James Whitmore
27 October 2006
By announcing to 50 analysts and investors that its French business would be France’s sixth largest listed property company if it were spun off, Hammerson put the cat among the pigeons.
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Consign the Crichel Down Rules to history
27 October 2006
The obligation to offer back compulsorily purchased land is unnecessary, says Richard Asher
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Croydon Gateway scheme moves forward
24 October 2006
Schroders and Stanhope are to submit a planning application to Croydon Council in November for the remaining part of their Gateway site by East Croydon station.
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Despite talk of ‘topping out’, deals are still being done
27 October 2006
This boom still hasn’t run out of steam, says Stuart Le Gassick
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Diary of... a planning consultant
27 October 2006
Roger Hepher, director of Hepher Dixon, takes us through his week
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Donald Trump
27 October 2006
Donald Trump sold more than 100 flats at his luxury condominium complex on the Hudson River in New Jersey at its launch last week. The flats range in price from $425,000 to $2m (£227,320 to £1.07m).
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DTZ to manage Apple’s blossoming portfolio
27 October 2006
Apple has APPOINTED DTZ to manage its global property portfolio as it embarks on growth fuelled by sales of its iPod music player.
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Dunlop Haywards' Dyson to join JLL
25 October 2006
Bob Dyson, executive chairman of Manchester-based Dunlop Haywards, is to leave the company after thirty years to join Jones Lang LaSalle as chairman of its north west business
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Dunlop Haywards’ Dyson leaves for JLL
27 October 2006
Manchester chairman to join rival north-west company
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Electric vans
27 October 2006
Environmentally friendly electric vans (above and left) are to be made in Coventry.
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Exeter airport sale loses Sky Park
27 October 2006
Devon County Council has pulled the 93 acre (38 ha) Sky Park scheme out of the sale of its Exeter International Airport.
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Eye of the beholder
27 October 2006
Belvedere Road Retail Park has been named the ugliest building in Suffolk.
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Feast in the east
27 October 2006
Demand for development land is outstripping supply in the east of England, says Mark Catley
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Four developers to regenerate north Staffs
27 October 2006
Four developers have been chosen to regenerate run-down neighbourhoods in north Staffordshire as part of the government’s Pathfinder programme designed to reverse housing market failure in the Midlands and north of England.
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Frontiers giant shed plan
27 October 2006
Frontier Estates plans to develop its biggest-ever single shed at Grange Park in Northampton.
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Gazeley’s 1m sq ft shed
27 October 2006
Gazeley has been given the go-ahead to develop its biggest-ever warehouse at its G Park scheme in Sittingbourne, Kent.
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Girl power
27 October 2006
Club Med in Kemar, Turkey, played host to Guy Shearer’s annual Shearer Property Group get together last month.
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Going places
27 October 2006
This week's movers
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Hammersmith ticket for DevSecs
27 October 2006
Development Securities has been chosen for one of the most sought-after development sites in west London.
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Hammersmith win for Development Securities
25 October 2006
Development Securities has been appointed on one of West London's most sought-after development sites in Hammersmith
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Hammerson steams ahead in Victoria
26 October 2006
Network Rail picks developer and shortlists British Land and Chelsfield Partners at Euston
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Hammerson steams ahead in Victoria
27 October 2006
Network Rail picks developer and shortlists British Land and Chelsfield Partners at Euston
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Happy hour’s over at German property fest
27 October 2006
Ten times oversubscribed and up 20% on the day of flotation.
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Hidden purpose
27 October 2006
Ella Leonard reveals how to avoid Stamp Duty Land Tax through a property special purpose vehicle
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Hilton confirms Liverpool One intentions
26 October 2006
Hilton Hotels today confirmed it would manage a 216-bedroom hotel at Grosvenor’s £900m Liverpool One scheme.
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Hines secures funding at Cannon Street
27 October 2006
HSH Nordbank agrees equity and debt package for £420m City scheme
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Homeowner wins landmark victory
27 October 2006
A homeowner has scored a landmark legal victory by stopping a developer from infringing his right to light
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HSBC to make ‘mega’ debut on Brompton Rd
27 October 2006
Bank has £400m to invest in ‘return to the high street’ initiative
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Hwang plans garden like Eden for Battersea Power Station
27 October 2006
Power station owners to sideline retail in favour of high-revenue tourist destination
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Inside parliament
27 October 2006
Speaking the plan truth
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Investors respond warmly to Hammerson’s tour de France
27 October 2006
Share price rockets as company shows analysts its €2.2bn French portfolio
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Karimzadeh’s Eskar ties up ¤1.7bn European portfolio
27 October 2006
Overseas property markets lure one of UK’s wealthiest family names
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King’s pools its resources
27 October 2006
A masterplan for the regeneration of King’s Lynn’s waterfront has been approved.
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Lagmar’s £9m profit on Anglia Square
27 October 2006
Joint venture sells Norwich mall for a third more after only nine months
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Land Securities
27 October 2006
Land Securities plans to develop a 100,000 sq ft (9,290 sq m) retail scheme in Norwich city centre. With the support of the local council, the scheme would pave over Westlegate to link the existing city centre with John Lewis. Land Secs owns the Norwich Union Offices in Westlegate through its property outsourcing arm, Land Securities Trillium.
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Land Securities and British Land lose Ravenscraig dispute
25 October 2006
Land Securities and British Land has lost a House of Lords challenge against extensive retail development on the Ravenscraig site in Scotland.
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Lease renewal
27 October 2006
Question: My subtenant is vacating premises just three days before my own lease expires. Am I entitled to renew my lease even though I am not in occupation?
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Leon Bressler
27 October 2006
French property legend Leon Bressler was named Property Week’s European Property Personality of the Year at Monday night’s European Property Awards in Munich. Bressler led Unibail, France’s biggest quoted property company, for 14 years until June. He is moving to London to spearhead investment group Perella Weinberg’s property push. European Property Awards supplement, with this issue
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Livingstones join AIM party with Nordic flotation
27 October 2006
London & Regional to float Northern European Properties in latest wave to join junior stock exchange
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Lots to watch
27 October 2006
Colliers CRE, the Magna Centre, Rotherham, Tuesday 31 October
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Making cities last
27 October 2006
Sustainability dominated debate at the British Urban Regeneration Association’s annual conference.
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Material covenant breaches
27 October 2006
Question: My company is about to serve notice under a break option in a lease. While there must be no material breaches of the tenant’s covenants, can the option still be exercised if there are minor repairing breaches existing?
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Meet the parents
27 October 2006
It’s not often Bob Kidby, Lovells’ head of real estate, tries to crash a party. But the guitar-obsessed lawyer is bursting for an invite to what could be the party of the year.
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Miller raises curtain on Vue cinema portfolio
27 October 2006
Sale and leaseback includes landmark Leicester Square property
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Miller raises curtain on Vue cinema portfolio
26 October 2006
Sale and leaseback includes landmark Leicester Square property
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Millers tale
27 October 2006
KMiller Developments is kick-starting a much-needed makeover of Great Yarmouth’s shopping district.
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New Bond Street is UK's top retail address
25 October 2006
New Bond Street in London’s Mayfair has overtaken Oxford Street as the UK’s most expensive retail street for the first time in 20 years.
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New Delhi climbs shopping rank
27 October 2006
New York City’s Fifth Avenue remains the world’s most expensive retail street while India’s New Delhi is the year’s biggest riser in the ranking of the world’s most expensive shopping locations.
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New man on campus
27 October 2006
Richard Heap meets Cambridge University’s new estates chief, Michael Bienias
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New Star buys €150m of Netherlands property
31 October 2006
New Star Asset Management’s Global Property Fund has bought two properties in the Netherlands for €150m (£100m) at a gross initial yield of 6.24%
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New Star goes global
27 October 2006
New Star Property Unit Trust is venturing into emerging international property markets with the launch of its Global Property Fund.
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Norfolk + Suffolk
27 October 2006
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On the property ladder the first step is the steepest
27 October 2006
Not all agents operate to the highest standards, says Michelle Bernhardt
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Outside edge
27 October 2006
A revival is taking place in Cambridge’s out-of-town office market, but the city centre lags behind.
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Pace Investments
27 October 2006
Pace Investments has unveiled plans for a £70m mixed-use scheme, Botanic Place, which will include the first speculative offices in Cambridge’s Hills Road and Station Road area for more than 15 years. It will comprise offices, shops, cafes, a Conran restaurant and 56 flats, including 63% affordable housing. Existing buildings Botanic House and Betjeman House are to be demolished when leases expire in 2008.
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Peterborough pans out
27 October 2006
The city centre is at the heart of a £1bn redevelopment project.
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Propinvest buys Bolton Gate
27 October 2006
Glenn Maud’s Propinvest has bought the Bolton Gate Retail Park on St Peter’s Way in Bolton for £30.5m
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Prupim
27 October 2006
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PRUPIM buys in Aberdeen
30 October 2006
PRUPIM has acquired a 153.2 acre (62 ha) property portfolio from Aberdeen City Council for £59.3m.
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Regis rethinks Grainger bid
26 October 2006
Regis Group, the Southend-based residential investor, announced late yesterday afternoon that it no longer planned to make a bid for Grainger Trust.
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Rent reviews
27 October 2006
Question: I occupy offices in north London and the landlord has written that it wants to action a rent review from 2004. Time is not of the essence. Is it reasonable to demand an uplift in rent so long after the review date?
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Rockpoint to buy £410m City office estate
26 October 2006
US-based private equity firm Rockpoint is to acquire the Cutlers Gardens office estate for more than £410m
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Safelands £50m fund
27 October 2006
Safeland, the property trading and investment company headed by Larry Lipman, has teamed up with Electra Partners to create a £50m fund to invest in properties with strong asset management potential.
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Schroders to launch £500m Asian fund
27 October 2006
Asian Property Securities Fund to be marketed in Asia next week
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Simons Developments
27 October 2006
Simons Developments has completed the forward funding for the 650,000 sq ft (60,386 sq m) £215m Trinity Walk shopping scheme in Wakefield with modus and AIM-listed CIREF. DTZ acted for Simons; Capital Retail acted for Modus.
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Six chase BBC management contract
27 October 2006
The BBC has shortlisted six property services firms for the contract to manage its nationwide estate from next spring.
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Stockland to build UK base
27 October 2006
Stockland, Australia’s second-biggest listed property trust, is to set up a base in London for a European expansion programme.
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SWERDAs Cornish regeneration
27 October 2006
The South West of England Regional Development Agency this week committed to regenerate a swathe of former industrial land in Cornwall.
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Test case blow to telecoms firms
27 October 2006
Telecoms operator Vtesse has suffered two legal blows within a week in its attempts to cut its business rate liability.
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The allied Commander
27 October 2006
With backing from Delancey and the Royal Bank of Scotland, Michael Ingall aims to take Allied London back into the London development game.
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The big squeeze
27 October 2006
Mark Jansen talks to five cost-conscious councils that are bringing all their employees together
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The market in minutes
27 October 2006
Richard Heap gives you the lowdown on all the sectors across the region
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The market in minutes
27 October 2006
Anna Goldie gives you the lowdown on all the sectors across the region
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The Spinnaker Tower
27 October 2006
The Spinnaker Tower in Portsmouth was named Project of the Year in the 2006 RICS Awards last week.
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Thomson Scientific rents in EC1
30 October 2006
Derwent Valley has confirmed the letting of 46,419 sq ft (4,312 sq m) to Thomson Scientific at its Johnson Building, Hatton Garden, EC1
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Tiger to release £90m office portfolio
27 October 2006
O’Flynn company to sell six UK buildings to Threadneedle
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Tishman buys Nautilus portfolio for €860.5m
31 October 2006
DIFA has sold a portfolio of German office properties known as the Nautilus properties to Tishman Speyer and IVG for €860.5m (£575m).
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Too much information
27 October 2006
Trust an architect to give away a developer’s strategy.
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Treveria to buy €214m of retail space
26 October 2006
AIM-listed German property investor Dawnay Day Treveria has agreed to acquire two retail property portfolios for €214m
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Trinitys Mumbai township
27 October 2006
AIM-listed Indian property investor Trinity Capital has agreed to part forward-fund development of a £265m township in Thane near Mumbai.
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Turnstone paves way for Cambridge growth
27 October 2006
Purchase of 5 acre site to double Pampisford business park
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UBS fund shells out £88m for retail park duo
27 October 2006
UBS Global Asset Management has paid £88m for two retail parks for its £2.2bn Triton Property Fund.
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Urban Eye Development
27 October 2006
Urban Eye Development, backed by Lloyds TSB Corporate Markets, hopes to raise £7.5m from the sale of 19 luxury ‘duplex’ flats built on the site of a former scout hut on Dog Kennel Hill in east Dulwich, south London. Urban Eye expects to sell the flats by mid-November before starting on a nearby development, also funded by Lloyds TSB.
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US fund manager Rockpoint clinches Cutlers Gardens
27 October 2006
US-based investor Rockpoint is to acquire the Cutlers Gardens office estate in the City of London for more than £410m.
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Watching Spurs can send you to sleep
27 October 2006
Two weeks ago I challenged you to identify a property body curiously hidden behind a hotel sofa.
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Welcome to Germany, where the ‘res’ is increasingly ‘des’
27 October 2006
Gagfah IPO is latest example of appetite for investment in German residential
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Within these walls
27 October 2006
There was intrigue when Co-operative Insurance Society outsourced the management of its £2.3bn portfolio in 2005. Now, the Manchester-based institution opens its doors for the first time and reveals its new strategy. And overleaf, new property director Lynda Shillaw outlines her plans for the Co-op Group’s vast property holdings.
