All Property Week articles in 28 November 2008
View all stories from this issue.
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Online
APC Advice - Week 21: Nine-month interim assessment requirements
Jon Lever tells you what you need to know for the nine-month interim assessment, and Ben Elder tackles the competency on contract practice
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OnlineMORNING AFTER: Regent Street Christmas Lights
X-Factor winner Joe McElderry and members of cast from the latest Chronicles of Narnia film njoined the Crown Estate for the turning on of Regent Street’s Christmas lights.
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OnlineDownload the new Property Week Podcast
You can now download for free the latest Property Week Podcast to hear from TV's George Clarke, DTZ's John Forrester, Nick Leslau and much, much more.
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NewsOur man in Kiev
It’s probably best to start this blog with a bit of scene setting. Having been here for a little over six weeks I’ve had a chance to do a bit of acclimatising, so here we go:
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Online
Oriental City loan payment missed again
The purchaser of Development Securities Oriental City in Colindale, East London has missed the third payment extension of £52m outstanding loan notes including interest from 31 July 2008.
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'Large explosion' at Slough Trading Estate
Firefighters are currently dealing with a fire which has broken out following a 'large explosion' at the Slough Trading Estate in Berkshire.
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Architect Make to shut Edinburgh office as crunch bites
Ken Shuttleworth’s Make will close its Edinburgh office by the end of the year as it seeks to reduce the costs of the business to face the ‘challenges of the future.
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John Laing and Croydon Council sign £450m regeneration deal
John Laing and Croydon Borough Council have today formally signed a partnership to create a £450m local asset backed vehicle to regenerate significant sites across Croydon town centre and develop a council headquarters.
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OnlineLand of Leather mulls sale option
Land of Leather Holdings has received a number of approaches from third parties regarding a purchase of the business.
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News
Trump Tower suspended
Work on the proposed Trump Tower, home to some of the most expensive property in the country, if not the world, has come to a halt. Courtesy Nakheel
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Builder's IPO put on hold
The securities regulator will not allow China State Construction Engineering Corp, the country's biggest home builder, to proceed with plans for a large initial public offering in the near future given the weak market conditions, the Shanghai Securities News reported.
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News
Lower-priced flats attract interest
Sun Hung Kai Properties' two residential projects released for sale yesterday registered divergent responses, with the mass-market properties in Yuen Long generating a higher level of interest than the luxury units in Sha Tin.
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News
Babcock thrown a lifeline
Babcock & Brown is expected to extend its share suspension this morning as it hammers out final details of fresh funding agreement with its banks, in a deal that will throw the beleaguered infrastructure funds group a lifeline.
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News
Terror attack to hit prices
The terrorist attacks on Mumbai are likely to further pull down the sagging property prices in the city, especially in South Mumbai. South Mumbai, the most expensive property market is expected to face a dip in value across all segments, including rentals, in the next six months, feel industry experts. ...
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Mall owner gets debt breather
Debt-laden mall owner General Growth Properties Inc. won a two-week extension of its deadline to pay a $900m debt, avoiding for the time being what would be one of the largest real-estate bankruptcies in recent U.S. history.
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House prices down 8.1%
Average property prices across England and Wales have fallen 8.1% over the past year, according to a survey of estate agents and surveyors released today.
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Job cuts deepen Dubai gloom
The uncertain economic outlook for Dubai worsened yesterday as Nakheel, the government-owned property developer, said it was cutting 15% of its workforce and it emerged that Morgan Stanley and Credit Suisse also are shedding regional staff.
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RBS offers six-month mortgage respite
The political and public campaign to force Britain’s banks to do more to help customers weather the economic downturn will gain impetus today with a promise from Royal Bank of Scotland to give at least six months’ breathing space to homeowners who fall behind with mortgage payments.
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Land Registry data 'flawed'
The Government's official house price index, produced by the Land Registry, has been accused of misleading homebuyers and policymakers after it emerged that it excludes repossessions and auctions on the grounds that they do not reflect the 'full market value' of the sale.
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Bidders line up in race for Woolies
Ardeshir Naghshineh, whose 10% equity stake in Woolworths was wiped out when the company fell into administration last week, is one of several potential bidders lining up to buy the 800-shop retailer.
