All Property Week articles in 7 November 2008
View all stories from this issue.
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APC Advice - Week 18: Nine-month supervisor review (part 2)
Jon Lever describes your role and preparation leading up to the nine-month meeting.
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Review doubles Cushman's West End rent to £5.4m
Cushman & Wakefield will have to pay £2.8m a year extra for its European headquarters in London’s West End after a rent review was concluded this week.
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European capital markets overview
The upward shift in property yields that took place across most of the European markets in the first half of the year continued into the third quarter.
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Australian Prestige Residential market report: November 2008
All sectors of the Australian residential market have slowed over the last year, though the upper end of the prestige residential sector has weathered the downturn better than the mainstream market.
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Aldi and Lidl join other discount supermarkets to gain from the financial downtown
Discount supermarkets are thriving in the current economic downturn, according to the latest statistics from TNS Worldpanel.
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Taylor Wimpey under bank pressure
Taylor Wimpey’s bankers have stepped up demands on the house builder for compensation for resetting its debt terms to avoid a breach of banking covenants in early 2009, seeking the option to take up equity in the company.
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Sales not helped by stamp duty cut
The stamp duty holiday on house purchases, announced by government ministers with great fanfare two months ago, has failed to stimulate demand among homebuyers, the Council of Mortgage Lenders said yesterday.
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Tesco chief urges business rate relief
Sir Terry Leahy of Tesco has called on the government to change the way business rates are calculated to ease the burden on retailers, arguing that the system hits them unfairly because of their large store portfolios.
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Dubai business leader quizzed in property probe
A senior member of Dubai’s business and political elite has been caught up in an investigation into financial irregularities in the emirate’s property sector.
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Damac cuts jobs
Damac, Dubai’s largest private property developer said that it was cutting 200 jobs, or 2.5 per cent of its workforce, as the global credit crisis begins to hit the Gulf’s real estate sector.
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Heathrow expansion battle looms
The expansion of Heathrow airport should go ahead in spite of any short-term fears about recession, Geoff Hoon, the transport secretary, insisted yesterday.
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Citigroup to pre-empt US borrower troubles
Citigroup is to help 500,000 mortgage customers by proactively selecting those who may need help in future months as the impact of the credit crisis continues to hit home.
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Tracker rates at highest in seven years
Borrowers taking out tracker mortgages during the global credit crisis are paying the highest rates in more than seven years, official figures showed yesterday.
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US mortgage companies in move to cut foreclosures
The two largest US mortgage finance companies unveiled a plan yesterday to cut monthly payments for struggling borrowers in the latest effort to reverse a wave of defaults threatening the economy, Reuters reports from Washington.
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Prague Offices market report
Office completions in Q3 put upward pressure on vacancy in Prague, finds CBRE’s latest market report.
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Land Securities appoints new chairman
Land Securities has appointed Alison Carnwath as its chairman replacing Paul Myners who resigned last month.
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M25 Offices report for Q3 2008
Knight Frank's latest report looks at the M25 Offices, focusing on investment, development and occupiers.
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Former BPF boss appointed to lead Boris’s London suburbs commission
Boris Johnson today appointed William McKee, a former director general of the British Property Federation, to set up and chair his Outer London Commission.
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CB Richard Ellis to raise $355m from share issue
CB Richard Ellis is aiming to raise around $355m (£228m) of equity through an issue of shares, partly to repay some of its mountain of debt.
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BCSC 2008: Lord Heseltine says return power to local people
Former Conservative Environment Secretary Lord Heseltine today called for Government to roll back the state and return power to local people.