All Property Week articles in 31 August 2007
View all stories from this issue.
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Online
DTZ appoints new finance director
DTZ has appointed Colin Child as its new group finance director.
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Online
Go-ahead for former Scottish & Newcastle brewery site
A £200m mixed-use development next to Newcastle United Football Club has been given the go-ahead by the city council.
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Online
BRC joins BIDs group
The British Retail Consortium (BRC) has joined British BIDs, the new national body for Business Improvement Districts (BIDs), to ensure retailers have more control.
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OnlineForth Ports submits largest ever Edinburgh planning application
The largest planning application in Edinburgh’s history was submitted today for a 15m sq ft mixed use scheme.
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OnlineEly puts Athlone Town Centre resi up for sale
The Ely Property Group has brought the entire residential element of a major mixed-use scheme in Athlone, Ireland to the market for sale.
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Online
McKay buys Oxford industrial estate
McKay Securities has bought an industrial estate near Oxford and confirmed three lettings across its £350m portfolio.
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Online
Hammerson sees profits dip
In the clearest signal yet that the UK investment market is facing hard times, Hammerson revealed a dip in pre-tax profits when it reported its interim results this morning.
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News
Tories propose right-to-buy handouts
A Tory policy group will propose today that Tenants should be helped to buy their own property with a cash sum worth 10% of the value of the home they rent. The Times
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News
Yorkshire fights back after flooding
John Hutton, the secretary for state for business and enterprise, acknowledged yesterday that businesses in Yorkshire that were affected by the extensive summer floods were moving into a ‘critical period’ as they tried to recover and re-equip. Daily Telegraph. Financial Times
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News
Tragus acquires taste for flotation
Restaurant group Tragus, which was bought by the private equity firm Blackstone for £267m in December, said it was considering a possible flotation at the start of next year. The Times. Daily Telegraph. The Guardian. Financial Times
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News
Goldman Sachs gambles on South Africa
Gold Reef Resorts, the South African casino operator, has agreed to a 34 rand-a-share offer from a consortium that includes Goldman Sachs. Daily Telegraph. The Times. Financial Times
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News
‘Mayor Boris’ promises 36,000 houses a year
Conservative MP Boris Johnson launched his bid to become London mayor with the statement that the price and quality of housing was the ‘single biggest issue’ for Londoners, pledging to build 36,000 homes a year. Financial Times
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News
Ground Zero group’s global growth
WSP, the civil engineering consultant involved in the rebuilding of Ground Zero in New York, benefited from a global property boom and a growing environmental business, which helped drive an increase in first-half pretax profits from £11.8m last year to £15.7m. Financial Times
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News
Palmer sells discount Somerfield petrol stations
Palmer Capital Partners has agreed to sell a portfolio of 85 Somerfield petrol stations for £175m – £25m below the original target price. Financial Times
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News
Tiffany sells Tokyo jewel
Tiffany has offloaded its flagship Japanese store in Tokyo’s upmarket Ginza district, for Y38bn (£163mn) in a sale and leaseback deal brokered by Jones Lang LaSalle.
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News
Regus rides high in market turmoil
Serviced office group Regus posted a 72% rise in half-year profits, but warned that it is cautious about the future because of continuing market volatility. Daily Telegraph. The Times. Financial Times
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News
Russian Pik whips up Storm
Pik Group, the Russian property developer that listed on the London stock market debut in June, has bought a majority stake in Storm Properties. The Times
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Online
Redevco targets Romania’s retail sector
Redevco is to spend E500m (£337m) over five years on retail developments in Romania after agreeing a joint venture with local developer EMCT Romania.
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Online
Bullring pulls in five more retailers
Birmingham’s Bullring has signed five aspirational designer brands all to open this autumn.
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