All Property Week articles in 30 November 2007
View all stories from this issue.
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OnlineTop Knight Frank partners average £1m each
The average earnings of proprietary partners at Knight Frank topped £1m a man for the year ending April 2007, but the company predicted that the credit crunch and downturn in the property sector would hit future returns.
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Online
King Sturge poaches Humberts Leisure’s London team
King Sturge has poached the London team of Humberts Leisure Consulting group.
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News
Tchenguiz brother shuffles debt pack
Vincent Tchenguiz has sealed a £760m long term debt package with Merrill Lynch and HBOS in a sign of the major shift away from short-term financing since the credit crisis began. Daily Telegraph
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News
Tiffany breakfasts on record rent
Tiffany, the luxury jeweller, has set a new record for rents in Britain with the sale and leaseback of its Bond Street shop in the heart of London’s Mayfair. Sunday Telegraph
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News
Property spin off 'could bring down' M&B
Mitchells & Butlers, the pub group, faces a stark warning from one of its leading shareholders that its plan to spin off its £5bn property portfolio could bring the company down. Sunday Telegraph
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News
Scots ministers move to save Trump golf plan
Scottish ministers have pledged to rescue Donald Trump’s plan for a £500m luxury golf resort after it was rejected by local planning officials last week. Sunday Times, Financial Times
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News
Knight Frank gives £1m to each partner
Thirty eight partners in Knight Frank have landed an average £1m pay day after profits soared by 67% in the last financial year. Sunday Times, Daily Telegraph
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News
Bid to unseat Gresham board
Rebel investors in Gresham House will tomorrow requisition an extraordinary meeting to oust the board of the 150-year-old listed investment trust. Sunday Times
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News
Coffer heads for £50m AIM listing
Leisure entrepreneur David Coffer is to create a new holding company for his advisory businesses ahead of a potential £50m listing on AIM next year.
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News
Boston at greatest flood risk
Research has identified the 20 places in Britain most at risk from flooding. The Times
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News
Yorkshire fits bill for 'super shed'
MFI is to open a national distribution centre in Yorkshire this week, marking what the retailer’s private equity owners hope will be a significant step in its turnround and confirming the region’s reputation as a prime site for big distribution businesses. Financial Times
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News
A&L set to write off a further £50m
Alliance & Leicester is likely to have to write off a further £50m against the value of its so-called 'toxic loans' in the first half of next year, on top of the £55m charge announced last week. The Observer
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News
Tesco US discount venture breaks new ground
Tesco is breaking with tradition by moving into the hard-discount market in an effort to build a US convenience chain that could hit 1,000 stores within the next five years. Financial Times
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News
Commercial property set to fall
Commercial property investment in financial centres such as London, New York and Tokyo is expected to see downward pricing pressure because of tougher conditions caused by the global credit squeeze, according to the RICS global property survey. Financial Times.
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News
Competing Rock bids line up
Alistair Darling is hoping Northern Rock’s future can be decided before Christmas, as his officials encourage the troubled bank to look beyond Virgin, its preferred bidder, at rival offers. Financial Times, Sunday Times, Independent on Sunday
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Online
Quinlan and Maud complete Citi tower purchase
Derek Quinlan and Glen Maud’s Propinvest have completed the £1bn purchase of the 1.2m Citi headquarters in Canary Wharf.
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OnlineErinaceous to drop tainted name
Troubled property services firm Erinaceous is to be renamed as part of an overhaul which will see it move away from the ‘one-stop shop’ philosophy it was founded on.
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Online
Hammerson ups stake in Bishops Square
Hammerson has agreed the £134m payment for the long-leasehold interest in the major office and development at Bishops Square in central London.
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OnlineAtisreal poaches five Donaldson staff
Atisreal has bolstered it’s presence in Leeds by poaching five new members of staff from Donaldsons following it’s takeover by DTZ.
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OnlineGateway forum welcomes Callcutt's reveiw
John Callcutt’s recent housing review received a warm reception at the Thames Gateway Forum yesterday.
