29 September 2006

Property Week

View all stories from this issue.

  • 20-30-40-50

    27 September 2006

    Each week we meet a property character from a different age bracket. This week Anna Goldie meets Adrian Cormican, 27, partner in the property finance team at Clydesdale Bank

  • Aberdeen entente with French L’Etoile

    29 September 2006

    Aberdeen Property Investors has tied up with Paris-based fund manager L’Etoile Properties to develop property asset management services for the French market.

  • Active Palmer fund scores £85m in ‘quiet summer’

    29 September 2006

    Palmer Active Value Fund II, the £225m opportunistic fund launched by Palmer Capital Partners in April, has bought five properties for a total of £85m in the last month.

  • Akeler to exit Marlow International

    29 September 2006

    Developer to cash in after property finally lets

  • An extended reach

    29 September 2006

    Prudential and Capital Shopping Centres’ Arndale extension has opened 85% let.

  • Arlington investor falls for Maple St

    29 September 2006

    A private investor client of Arlington Securities has acquired 4-8 Maple Street in London’s West End for £12.1m, reflecting a net initial yield of 4.45%.

  • Atisreals Spanish coup

    29 September 2006

    Atisreal has bought a Spanish residential and commercial agency, making it Spain’s second largest property services firm in terms of revenue.

  • Barlows buys 6.5m Telford office

    29 September 2006

    Chester-based property company Barlows has acquired the 135,608 sq ft (12,600 sq m) International House on Stafford Park 11 in Telford for £6.5m from office supplies company Lyreco UK.

  • Blackstone

    29 September 2006

    US private equity group Blackstone is to launch a student accommodation business called Nido and is to invest £95m in its first project in London’s King’s Cross.

  • Case news

    29 September 2006

    Jonathan Ross reports on a battle to build housing on former BBC land, while Warren Gordon untangles a dispute between two developers over a building’s right to light

  • Castlemore on the march

    29 September 2006

    Castlemore Securities has progressed with two retail warehouse schemes.

  • Christmas for Turkey

    29 September 2006

    Christine Eade pays Property Week’s first visit to Turkey: she looks at the spectacular Kanyon shopping centre. She also reports from the banks of the Aegean on another scheme hoping to prosper in a new Eurasian shopping capital

  • City view: James Whitmore

    29 September 2006

    Freeport, the European factory outlet developer, has been in the news a lot in the last year – but for the wrong seasons.

  • Clause and effect

    29 September 2006

    Landlords will soon be answerable to a revised Code of Practice for Commercial Leases. Mark Shepherd assesses the impact of key aspects of the code

  • Come on Gordon, do your bit to set small business free

    29 September 2006

    The investor’s chronicle, with Matthew Oakeshott

  • Cooper backs tax on development

    29 September 2006

    Minister gives tacit commitment at Labour Party conference

  • Crack squad

    29 September 2006

    DTZ director Andrew Mason is well known for the sidelines he had away from the daily grind of being a south-east M25 – Kent to you and me – office agent.

  • Crest Nicholson Regeneration

    29 September 2006

  • Culzean secures Ramada agreement

    29 September 2006

    Culzean Holdings has secured a £20m development agreement with hotel operator Ramada Worldwide to open Northern Ireland’s first Encore hotel.

  • Despite their odd ways, loving thy tenants pays off

    29 September 2006

    Keeping occupiers happy should be common sense for landlords, says David Pearl

  • Developers are lost in the carbon jungle

    29 September 2006

    Environmental policies must be clarified if they are to have an impact, says Paul Boden

  • Diary of... a valuer

    29 September 2006

    David Law, valuation partner at King Sturge, takes us through his week

  • Difa’s €62.8m south-east Asian debut

    29 September 2006

    German open-ended fund manager Difa has made its debut acquisition in south-east Asia.

  • Eastern promise

    29 September 2006

    Secret AAIM memo outlines £3bn Asian investment plan

  • Eurinpro is expanding further into Germany

    27 September 2006

    The logistics operator has opened two new offices in Hamburg and Munich

  • Fire risk assessments

    29 September 2006

    Question: The managing agents who take care of my property keep writing on behalf of the landlord to obtain information on my activities and fire arrangements. Surely I don’t have to respond?

  • Going places

    29 September 2006

    This week's movers

  • Going short on sheds

    29 September 2006

    The search is on for industrial space in east Manchester. Paul Unger reports

  • Good neighbours

    29 September 2006

    Ask Developments and Network Rail last week submitted two planning applications to develop a huge mixed-use scheme at Exchange Greengate in Salford.

  • Grainger Trust receives bid approach

    28 September 2006

    The quoted residential investor run by Rupert Dickinson saw its shares jump 8% this morning, valuing it at £788m

  • Grand Kanyon

    29 September 2006

    Christine Eade reports from Istanbul on a gigantic new mixed-use development

  • Great Portland and LMS in merger talks

    2 October 2006

    Toby Courtauld’s Great Portland Estates has emerged as the mystery property company in talks to merge with London Merchant Securities

  • Greater Manchester

    29 September 2006

  • Grosvenor and ING to lure investors to Asia

    29 September 2006

    Asian Real Estate Association launches at inaugural MIPIM Asia

  • Hall to play for at Trafford

    29 September 2006

    The Trafford Centre is widening its appeal with two new schemes. Heather Greig-Smith reports

  • Halladale buys Billingham high street

    27 September 2006

    The Edinburgh based property firm has bought a high street parade and shops in Billingham, Cleveland, for £15.25m from LaSalle Investment Management.

  • Hanover square

    29 September 2006

  • Heart and solent

    29 September 2006

    Malcolm Hollis cruised to victory in the annual Anglo Irish Bank Regatta.

  • Helping you maximise global opportunities

    29 September 2006

    We mark Property Week’s biggest ever issue today with a further, highly significant expansion: a new, weekly section of global real estate news.

  • Highcross Roks into Sittingbourne

    29 September 2006

    Highcross, the Newbury-based property fund manager led by Peter Gubb, has linked up with former Rok Development director Chris Boulter to buy a Rok site in Kent.

  • HSBC global property chief quits

    29 September 2006

    HSBC has lost its global sector head of real estate.

  • Ikea’s multi-level Hillingdon store on hold

    29 September 2006

    Ikea has placed plans for its first multi-level store on ice but has vowed to return next year.

  • International Commerce Centre

    29 September 2006

  • Investor aims to quell Hungary panic

    29 September 2006

    Stephen Rees, chief executive of central and eastern European investment specialist Mosaic Properties, has urged private investors not to lose faith in the Hungarian property market despite political problems in the country.

  • Jamie Dundas chairs net exchange

    29 September 2006

    Jamie Dundas, the former chief executive of MEPC, has become chairman of a fledgling online residential property share exchange.

  • Jansons trade counters venture

    29 September 2006

    Property entrepreneur Andy Jansons has launched a company to develop trade counter properties.

  • Khalastchi corrals £67m Barclays banks portfolio

    29 September 2006

    Private investor’s Flodrive buys 24 banks and is set for a further £95m HSBC acquisition

  • Kirklees Metropolitan Council

    29 September 2006

    Kirklees Metropolitan Council has given the go-ahead for Ramsden & Colne Developments’ £175m Waterfront Quarter in Huddersfield. The scheme along almost a mile of the River Colne and Huddersfield Narrow Canal will have 300,000 sq ft (27,870 sq m) of offices, 460,000 sq ft (42,735 sq m) of residential, a hotel, gym, crèche, cafes and restaurants.

  • Lady Dido wins round one of Lots Road fight

    29 September 2006

    River campaigner wins right to challenge £500m scheme in High Court

  • Land Registry searches

    29 September 2006

    Question: I am considering making an unsolicited offer to buy a competitor. Is there any way of obtaining information about their property interests before I approach them?

  • Land Securities and Tishman Speyer vie for Shell-Mex House

    5 October 2006

    Land Securities and US group Tishman Speyer were this week going head to head to buy London’s landmark Shell-Mex House.

  • LaSalle’s Condor is almost in flight

    29 September 2006

    LaSalle Investment Management is close to completing the letting of its Condor House in the City of London.

  • Lease guarantors

    29 September 2006

    Question: I am a landlord but my tenant has been dissolved. What steps should I take to pursue the tenant’s guarantor?

  • Leeds united

    29 September 2006

    Hammerson and Town Centre Securities have teamed up for the latest in a new wave of shopping centres.

  • Let it all hang out

    29 September 2006

    At a recent gathering of Birmingham office agents, developer Mark Glatman hosted a competition to find the most popular one.

  • Let it snow

    29 September 2006

    Heather Greig-Smith meets the entrepreneurs behind the Chill Factor indoor ski centre

  • Lifestyle

    29 September 2006

    Something for Manchester, with James Max

  • Linden presses government for housing answers

    29 September 2006

    Linden Homes has called on the government to take action on land and housing shortages following last week’s damning report from the Joseph Rowntree Foundation on the affordability crisis in parts of the UK.

  • Loft identity

    29 September 2006

    A residential agent has been awarded CoolBrand status.

  • Manchester on a plate

    29 September 2006

    Established London names are entering the Manchester restaurant scene.

  • Manchester Square’s day of the orchids

    29 September 2006

    Sir John Ritblat is immersed in a spat with Westminster City Council over the erection of an 11 metre orchid in London’s Manchester Square.

  • Manhattan view: Steve Cuozzo: Class war breaks out on New York’s East Side

    29 September 2006

    Sale of Stuyvesant complex divides opinion on social housing, says New York Post executive editor Steve Cuozzo

  • Meet the team (II)

    29 September 2006

    You met the Property Week editorial team in our 10th anniversary special issue on 23 June. Now here are some of the other faces behind Britain’s top property news magazine.

  • Minerva rejigs City office schemes

    29 September 2006

    ‘Too big’ 50-storey Minerva Building reverts to 14-storey 1999 proposal

  • Morley takes a punt on Haydock market

    29 September 2006

    Developer signs agreement with English Partnerships

  • Mother of a mistake

    29 September 2006

    To Rok Development’s annual Solent Property Tennis Tournament last week, where Rok director Tim Titheridge was spotted getting rather excited during the raffle at the prospect of winning a ‘MILF for two’.

  • Mothercare takes delivery of Philip Green’s property chief

    29 September 2006

    Graham Smith to leave Arcadia to lead mother-and-baby retailer’s aggressive expansion

  • Mussarat’s Mancunian mandate

    29 September 2006

    Heather Greig-Smith hears how residential tycoon Aneel Mussarat added commercial to his £400m portfolio.

  • Newhaven port to undergo £200m makeover

    27 September 2006

    Bannertown and US investor Apollo Real Estate Advisors have been chosen to draw up a redevelopment plan for the port in Sussex.

  • Next

    29 September 2006

    Next is ramping up its new Lime 50%-cheaper concept. It is trialling Lime stores on the high street by converting former Next shops across the country. Its first two stores are a 4,500 sq ft (418 sq m) store in Derby and another in Newbury.

  • Next trials Lime discount shop ... and plans home store at Lakeside

    29 September 2006

    Next is to challenge furniture retailer Ilva at Lakeside with its second homeware-only store in the UK.

  • Oldham plans its own West End theatre land

    29 September 2006

    Oldham Council last week launched its vision for an educational and theatre quarter in the town’s West End.

  • Oracle splashes out £47m on Isle of Dogs site

    29 September 2006

    David Burke’s Oracle Group is set to purchase a £47m site on the Isle of Dogs from Cyril Dennis’s Capital & Provident for a mixed-use scheme.

  • Partridge flies in as Argent joint head

    29 September 2006

    Argent last week appointed David Partridge as joint chief executive with Roger Madelin.

  • Philips pulls plug on £190m pension portfolio

    29 September 2006

    Ackerman picks up 38 properties as electronics giant turns to gilts and equities

  • Pilgrim

    29 September 2006

    Upmarket Danish accessories brand Pilgrim is to make its UK debut at Kent’s Bluewater. Pilgrim has 10 shops in Denmark, one in Dublin’s Dundrum Centre and one in Paris. It is to take the 775 sq ft (71 sq m) Swarovski store at Bluewater and is also looking for central London stores. Donaldsons advised Bluewater; Ashley Philip Selwyn advised Pilgrim.

  • PMG and Barratt to take i-pads to Wales

    29 September 2006

    Consent given for £65m residential redevelopment of Addis factory site in Swansea

  • Profits fall by a third at London & Associated

    29 September 2006

    London & Associated Properties, the shopping centre investor, saw its pretax profit fall by a third in the first half of the year to £1.27m.

  • ProLogis and Kenmore float

    29 September 2006

    Two European industrial property companies completed their flotations this week.

  • Protego fills debut £350m shopping centre fund basket

    29 September 2006

    Co-investor EFM Asset Management to oversee initial seed portfolio of three Shrewsbury centres

  • Prudential goes continental with €380m property fund

    29 September 2006

    M&G European Property Fund launches with assets in France, Italy and the Netherlands

  • Quintain and Lend Lease choose Bellway for Greenwich Peninsula

    29 September 2006

    Quintain Estates and Lend Lease have selected Bellway Homes to build the first residential apartments at the £5bn Greenwich Peninsula regeneration project

  • Race commission to probe councils’ regeneration role

    29 September 2006

    The Commission for Racial Equality has launched a year-long investigation into the impact

  • Ravel to take Irish factory outlet unit

    2 October 2006

    Footwear brand Ravel has signed up for its first Irish factory outlet unit

  • RBS and Delancey back £500m Allied London buyout

    28 September 2006

    The Royal Bank of Scotland and Jamie Ritblat’s Delancey have backed a £500m management buyout of city centre development specialist Allied London

  • RBS and Delancey back £500m Allied London buyout

    29 September 2006

    Ingall and his team to go on acquisition spree

  • Retailers demand terror discount

    29 September 2006

    Retailers at Britain’s airports are demanding that airports operator BAA reduce rents in response to the downturn in trade following last month’s terrorist alerts.

  • Rhys jamess beatbox

    29 September 2006

    Speaking of DTZ men who are slightly nuts, I’d been trying in vain to contact the firm’s Cardiff man, Rhys James.

  • RICS to set site valuation guidance

    29 September 2006

    The prospect of the planning gain supplement has prompted the RICS to publish guidance for valuers of development sites.

  • Schroders

    29 September 2006

    Schroders has bought the 81,000 sq ft (7,525 sq m) Chancery Exchange in the City of London for £58.8m from City & Provincial and Macquarie Global. The price paid reflects an equivalent yield of 4.75%. Cushman & Wakefield advised Schroders; Allsops advised the vendor.

  • Schroders mints it at Borehamwood Imperial

    29 September 2006

    Schroders has bought Imperial Place Office Campus in Borehamwood, Hertfordshire, from Property Merchant Group and Europa Capital’s Europa Fund II for £47m.

  • Shaft of light

    29 September 2006

    Manchester’s office market is having a poor year. Heather Greig-Smith reports

  • Songbird announces 23.8% increase in adjusted NAV

    29 September 2006

    Songbird Estates, the AIM-listed company which owns Canary Wharf Group, enjoyed a 23.8% increase in adjusted NAV in the six months to June 30.

  • Staffordshire developers chase small business sector

    29 September 2006

    Pritchard, Langtree and English Partnerships plan schemes in Cannock

  • Staffs + Shrops

    29 September 2006

  • Stonehage amasses €400m Euro war chest

    29 September 2006

    The Stonehage Group, the Jersey-based private client wealth management company, has built a €400m (£267.7m) war chest to invest in commercial and residential property across the UK and Europe.

  • Street wise

    29 September 2006

    Manchester office specialist Bruntwood is taking on an entire street in its latest venture.

  • Tesco submits green Tolworth plans

    3 October 2006

    Tesco has today submitted a planning application to develop a ‘green’ scheme at a former Ministry of Defence site in Tolworth, west London

  • the end of the appeal

    29 September 2006

    The Valuation Office Agency’s new regime to cut appeals against its rating assessments is slashing surveyors’ workloads

  • The market in minutes

    29 September 2006

    Heather Greig-Smith gives you the lowdown on all the sectors across the region

  • The market in minutes

    29 September 2006

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

  • The missing link

    29 September 2006

    A key gap site could help consolidate Shrewsbury’s strong shopping profile.

  • The paperless office is becoming a reality

    29 September 2006

    David Lawson reveals that new document-management systems are banishing reservations

  • The world according to Reit

    29 September 2006

    Deirdre Hipwell speaks to overseas investment pioneers Leo Noé and Kevin McGrath.

  • The Wrekin crew

    29 September 2006

    A development company has been formed to revitalise Telford. Sean McAllister reports

  • Towering personality

    29 September 2006

    The Salford/Manchester border has become a focal point for development. Paul Unger meets developer Bashar Issa, while over the page Heather Greig-Smith reports on the Exchange Greengate project

  • Tritax makes Trax in Doncaster with £22.5m F&C sale

    29 September 2006

    A syndicate of private investors managed by Tritax Assets has sold phases one and two of Trax Park in Doncaster to F&C Property Asset Management for £22.5m, reflecting a net initial yield of 5.35%.

  • Trouble on site

    29 September 2006

    Referee

  • Tunstall plans approved

    29 September 2006

    Stoke City Council has approved developer Dransfield Properties’ plans for the £20m mixed-use redevelopment of a former Wedgwood Pottery site in Tunstall.

  • Vote for your top three most influential women in property

    29 September 2006

    Women are quite rightly becoming more and more influential in the property sector. Later this year our magazine will publish a list of the 50 most powerful women in property, based on your suggestions. We’d be delighted if you could tell us who you would like to see on the list by clicking here to vote now.

  • Warner and Barclays launch Greater London office fund

    2 October 2006

    Warner Estate Holdings, the quoted co-investing property fund manager, has set up a Greater London office fund with Barclays Capital

  • We must keep the West End fit for purpose...

    29 September 2006

    ...and the London Retail Summit is where we can set the agenda, says Ken Livingstone

  • Westbrook scores £170m Victoria coup

    29 September 2006

    US fund manager beats IVG to Buckingham Palace Road sale and leaseback

  • When darkness falls...

    29 September 2006

    … Stafford residents have very little to entertain them. Sean McAllister reports on plans to transform the ‘dormitory town’

  • Why Mould and Vaughan are back together

    29 September 2006

    The London & Stamford Investment pair tell Laura Chesters about setting up again for the third time

  • Young turk

    29 September 2006

    Palm trees and pastiche is the flavour for a Morgan Stanley-backed shopping centre just inland from the Aegean. Christine Eade reports from Turk Mall


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