All Property Week articles in 5 December 2003
View all stories from this issue.
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Online
Bruntwood buys Manchester's Piccadilly Plaza
Manchester-based investor Bruntwood has taken its ownership of Manchester’s office stock to 20% with the acquisition of the landmark Piccadilly Plaza from Portfolio Holdings for £65m.
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Online
Gordon Brown launches REIT consultation
Chancellor Gordon Brown today announced the launch of a consultation on the creation of a real estate investment trust (REIT) for the UK market, raising the prospect of a revolution for the property sector.
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Online
Barker Review recommends REITs
A senior government adviser this morning recommended the introduction of a tax-transparent property vehicle, along the lines of the US real estate investment trust (REIT), ahead of chancellor Gordon Brown's pre-Budget report later today.
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Online
Van Hoogstraten cleared of manslaughter
Property investor Nicholas van Hoogstraten was this morning formally cleared of manslaughter at the Old Bailey.
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Online
Grainger Trust reports 16% NAV increase
Tenanted residential specialist Grainger Trust today reported a 16% increase in triple net asset value to an all-time high of 1391p a share.
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Online
Developers selected for £120m Ilford scheme
Capital & Counties and Countryside Properties have been selected to redevelop 6.4 acres (2.6 ha) of Ilford town centre.
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Online
Brixton sells Herts offices
Industrial specialist Brixton today announced the sale of two office buildings in Rickmansworth, Hertfordshire for £18.25m.
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Online
Reichmann: no guarantee of Wharf bid
Canary Wharf Group founder Paul Reichmann stressed this morning there was no guarantee he would come in with a bid for the company to trump Morgan Stanley’s 265p-a-share recommended offer.
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Online
Canary Wharf in £1.1bn deal
Canary Wharf has sold two buildings to Royal Bank of Scotland for £1.1bn, in one of the biggest property deals ever.
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Online
First approaches come in for Benchmark
West End specialist Benchmark today announced it has received a number of approaches for the company.
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Online
Hammerson sells Essen shopping centre
Hammerson today announced the sale of a German shopping centre for £80m, reducing its German exposure to 5%.
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Online
Morgan Stanley ups Canary Wharf offer
Morgan Stanley and Simon Glick have raised their bid for Canary Wharf Group to 265p a share, an offer Canary Wharf's independent committee said it would be willing to recommend.
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Markets
What's the use?
The London Development Agency is coming under fire from occupiers and developers over its opposition to distribution use classes.
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Markets
Talk of the towns
A plan for Covent Garden … the Yeovil connection … stage is set for Theatre revamp … S-Club Holborn …
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Markets
Talk of the towns
Freehold sales in Essex … a walk through property history ... developers start thinking smaller…
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Markets
Public push for Royals
Government-generated requirements are breathing new life into the Essex and north-east London office market.
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News
Reuben’s Millbank signing
The Reuben Brothers have secured the biggest deal in the West End market this year by signing the Audit Commission for a 15 year lease on space at Millbank Tower. It will occupy 55,111 sq ft (5,120 sq m) which was formerly the headquarters of the Labour Party. It is ...
