All Property Week articles in 31 July 2009
View all stories from this issue.
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Best Buy signs Thurrock and Southampton
US retail chain Best Buy has finally signed up for its first two stores in the UK.
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John Lewis Foodhall for Bluewater
John Lewis has unveiled its first Foodhall outside of London today, at Bluewater in Kent.
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Mamas & Papas goes to Liverpool
Mamas & Papas, the baby and toddler brand, has signed up at Liverpool One this week.
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GPT Group to pull out of international markets
Australian based GPT Group is to sell off all its international assets to concentrate only on Australia, it announced today.
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China Investment Corporation invests in Goodman
China Investment Corporation (CIC) is to become a major investor in Goodman, the Australian listed property trust.
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No return to housing boom, says RICS
The Royal Institution of Chartered Surveyors has said there is little chance of returning to a housing boom, despite price rises in the UK this year.
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DTZ wins Shell property management contract
Shell International Petroleum has awarded DTZ the contract to undertake property management services across 5,000 retail sites in 11 countries across North America and Asia Pacific.
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Papa John holidays at Haven
Papa John’s Pizza has opened stores at 12 Haven holiday parks across the UK.
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China fund pumps capital into Goodman
China's sovereign wealth fund, China Investment Corporation (CIC), will take up a A$500m preference share placement as Greg Goodman moves to rebuild his industrial property trust, Goodman Group with a A$1.8bn capital raising.
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HK agency jumps on earnings boost
Commercial property agency Midland IC&I's shares soared as much as 21 per cent yesterday after the company said it expected to return to profit in the first half.
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UAE property staff down by to 35%
Employee numbers in the UAE’s beleaguered construction and real estate sector have fallen up to 35% since last autumn, recruitment consultant Macdonald & Company has revealed.
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GPT sells overseas assets
GPT Group, the worst-performing Australian property trust this year, is ditching the overseas investments that contributed to about $3.46bn in writedowns announced this year.
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RICS sees house recovery this year
UK house prices will increase in 2009, the RICS said, reversing an earlier prediction for a drop of as much as 15%.
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House starts 'may not recover for 5 years'
Taylor Wimpey’s chief executive has warned that it could be five years before house building returns to pre-recession levels after the company was forced to write down the value of its land bank in the UK by £445m, despite increasing optimism about the state of the market.
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Property tips AIB into read
Ireland’s biggest banking group has plunged into the red after writing off €2.37bn (£2.01bn) in loans amid rapidly escalating impairment levels.
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Max makes debut deal
Max Property completed its first deal since flotation on Aim in May, paying £232.1m for a portfolio of industrial properties that was valued at £630m two years ago.
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Focus offers landlords 'fair' voluntary deal
Focus DIY has launched a CVA deal with its landlords after failing to persuade them to cut rents.
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Arrears expected to rise
Nearly two-thirds of landlords are bracing themselves for a rise in tenants falling behind with their rent, a survey showed yesterday.
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House price fall forecast halved
House prices jumped by 1.1% in July, according to data from Halifax, and it halved its forecast for falls in the value of property in 2009.
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Lloyds up as bad debts peak
Lloyds shares surged nearly 11% yesterday, as the part state-owned bank reported losses of £4bn but boosted investor hopes by signalling that its bad debts had peaked.
