3 August 2001
Property Week
View all stories from this issue.
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All guns blazing
3 August 2001
Redrow and Barratt Homes are planning to turn a former ammunition plant into a sustainable urban village.
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Back to the drawing board on lease reform
3 August 2001
Regeneration Minister Sally Keeble has been handed the task of implementing the government's manifesto commitment to crack down on inflexible commercial leases by minister for housing and planning Lord Falconer.
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Birmingham transport link
3 August 2001
When Argent bought its BrindleyPlace site back in 1993, it expected its first tenants to be commuting on the Midland Metro
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BPF: planning gain cash outstrips tax relief
3 August 2001
Councils' demands for cash planning gain payments outstrip the tax reliefs that chancellor Gordon Brown awarded the industry in last March's Budget, the British Property Federation claims.
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Brixton fund gets £50m Pru injection
3 August 2001
South-east industrial fund to double in size, as Brixton reveals 4.5% NAV rise
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Byers calls for beefed-up regional planning powers
3 August 2001
Devolved regional bodies could have greater powers over 'one-size-fits-all' national PPGs
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Carlisle retail: Life in the fast Lanes
3 August 2001
The Lanes Shopping Centre extension is having a big effect on the city
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City investments hot up as £300m office deals go ahead
3 August 2001
Private buyers reawaken sleepy investment market while Greycoat and Taylor Woodrow lead chase for development sites
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Crossrail
3 August 2001
Just as it looked as though the much delayed east/west London rail link had got the green light, after winning central government backing, another dispute over the proposed route erupted.
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Daejan NAV rises by 9.5%
3 August 2001
Daejan Holdings, the secretive investor 80%-owned by the family of chairman Benzion Freshwater, increased its net asset value by 9.5% to 2388p in the year to 31 March.
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East Lancashire industrial: East Lancashire's road trip
3 August 2001
The final link of the M65 corridor has led to new roadside development
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Even Regus tenants want benefit of long leases
3 August 2001
Since the Government first raised its concerns about the flexibility of commercial leases in April 2000, the British Property Federation has maintained three arguments in rebuttal.
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Government may force landlords to share BID costs
3 August 2001
The government is investigating making landlords share the costs of its planned business improvement districts (BIDs).
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Grantchester's £29.3m sell-off
3 August 2001
Grantchester, the retail warehouse specialist, has raised £29.3m from the sale of two parks.
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Guardian pays high price for its freehold
3 August 2001
The Guardian newspaper became an owner-occupier on Monday – but at a price.
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Halladale's £32m shopping spree
3 August 2001
AIM-listed trading and development company Halladale has bought £31.8m of mainly retail properties in two deals.
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Hampton troubled by costly debt mountain
3 August 2001
Breach of loan covenant and £14.3m in unpaid tax puts company in difficult position
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Hemingway in £38m City buy
3 August 2001
Knollys House in the City of London has been sold to PRICOA-owned Hemingway Properties.
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How to... Make the most of market conditions
3 August 2001
Trawling around the various sources of finance for the commercial property sector, it quickly becomes apparent that worries about a possible downturn may be exaggerated.
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Inner City
3 August 2001
Sale-and-leasebacks have become one of the hottest issues in the hotel arena.
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Joint £211m Asda buyout bid rejected by directors …
3 August 2001
Asda chairman Davidson and British Land's buyout bid thrown out for undervaluing company
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Jones Lang LaSalle cuts earning forecast
3 August 2001
Fall in second-quarter revenue leads to revision of earlier predictions
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Jubilee Bridge go ahead
3 August 2001
Occupiers on the South Bank in London received a boost this week after the £14m Jubilee Bridge, which will connect Bankside to the City, was granted planning permission this week. Michael Baker, partner at BH2, who advised on the proposals, said that he expected rental and capital values within walking distance of the bridge to rise. The bridge will carry around 3.4 million pedestrians a year and will service occupiers including Lloyds ...
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Kingfisher sheds Woolies stores
3 August 2001
Retailer Kingfisher confirmed the sale of its high street properties this week as details of the proposed flotation of its subsidiary Woolworths Group were released.
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Lancashire & Cumbria
3 August 2001
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Lancashire & Cumbria: top shopping locations
3 August 2001
The map shows the proportion of overall shopping populations in each location visiting for convenience and comparison goods shopping. Consumers generally shop more often for food than non-food goods, so visitor numbers to trading locations with main grocery offers are higher than those of centres with similar-sized regular shopping populations without supermarkets or grocery superstores. The table (top shopping locations) shows the top 10 trading locations in the area, measured by size ...
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Land of opportunity
3 August 2001
Three British companies dominate Lisbon's retail development scene, emulating the success of local players.
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Leeds supertram
3 August 2001
Following a delay of almost a decade, the £434m Leeds Supertram scheme finally received funding in March this year. Completion is scheduled for 2001
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Legacy demands guarantee in Dome bidding process
3 August 2001
Irish developer behind rejected Dome bid demand fair treatment before they return to fray
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Limelight's up in Liverpool
3 August 2001
Skelhorne Developments has submitted an outline planning application for a £60m mixed-use development next to Liverpool's Lime Street station.
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Lisbon
3 August 2001
Portugal is a low-wage, low-productivity economy. Of EU members, only the Greeks earn less. The domestic output is 25% below the EC average.
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Lisbon
3 August 2001
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MWB abandons Dublin deal
3 August 2001
MWB has pulled out of a deal to open a serviced office centre in the centre of Dublin just days before it was due to sign up.
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New and improved?
3 August 2001
With the US downturn hitting Europe, nervous tenants may steer clear of old, inflexible leases. We look at what is happening in Lisbon's office market
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Off the rails
3 August 2001
Transport failures are starting to take their toll on the property sector
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Peace breaks out in Bracknell
3 August 2001
Council calls a truce between developers over £500m town centre scheme
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People
3 August 2001
Hot property Mark Routledge has joined Rankvale Holdings, the company headed by Brian Cooper, as director of marketing and new business. Mark was previously head of investment at MEPC, and before that he spent six years at CB Hillier Parker, where he met his wife. Mark's interests include golf and following the fortunes – or otherwise – of the Lions ...
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Posh designer sets up shop in Sloane Square
3 August 2001
Rents in southern end of Sloane Square set to rise following deal with leading fashion designer Grachvogel
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Preston offices: Small is beautiful
3 August 2001
The absence of large space means that small deals have predominated
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Q&A
3 August 2001
Can you be sure that all of the landlord's maintenance costs are recoverable from the tenants through the service charge?
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Regus shares rise thanks to Dixon
3 August 2001
Regus's shares, which have dived from 392p in February to below 40p, bounced back 15% higher this week, following buying by CEO Mark Dixon and signs of a stabilising in trading conditions.
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Rents remain steady at Lakeside
3 August 2001
Capital Shopping Centre's Lakeside Thurrock shopping centre retained its £900m valuation at the end of June, despite fears that rents had fallen by 19%.
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South Mancs deals collapse
3 August 2001
The collapse of two office deals in south Manchester is fuelling fears that the area's office market is suffering the effects of the slowdown in the hi-tech sector.
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South-east hits low
3 August 2001
Office take-up in the south-east is at its lowest level for a decade, research from Weatherall Green & Smith has revealed.
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SSSB: property sector 'neutral'
3 August 2001
Schroder Salomon Smith Barney's new property analysts Alan Carter and Mike Prew issued their debut research note this week, downgrading the sector from 'overweight' to 'neutral'.
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Symmons strikes deal with sacked partner
3 August 2001
Troubled firm reaches agreement with ex-management chief ousted after corruption scandal
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The private life of Ray Wirta
3 August 2001
The man who led the $800m buyout of CB Hillier Parker's parent company reveals his strategy
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The rising price of Stamp Duty
3 August 2001
Labour's re-election has prompted fears of another Stamp Duty increase. So what can the property industry do to limit the damage?
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The show must go on
3 August 2001
Lisbon has managed to hold an international exhibition, recycle the site, and set up a mixed-use development in its wake.
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Transport
3 August 2001
Property Week reports on the deteriorating situation in London and explores the problems faced in Birmingham but spots a glimmer of hope in Leeds
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Upward and downward rent reviews 'essential' say high street names
3 August 2001
Multiple retailers have added their voices to the campaign to end upward-only rent reviews.
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Urban Task Force's rates demand for Byers
3 August 2001
Urban task force chairman lord rogers held his first meeting with planning secretary Stephen Byers this week.
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Visa enlists DTZ's help to secure Paddington letting
3 August 2001
Credit card company in 'serious negotiations' to take space at Development Securities' west London scheme
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When it all goes wrong
3 August 2001
When times get hard not every deal will come off. Are firms doing enough to stop their staff from feeling like failures?
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Why should the public pay for developers' transport gain?
3 August 2001
As the debate on Railtrack's core and non-core asset base rumbles on, property's biggest brains have been mulling over one of the perennial arguments: does infrastructure stimulate economic development or does it merely service pre-existing demand?
