8 June 2012

Property Week

View all stories from this issue.

‘CottonOn’ wins Manchester regeneration competition

8 June 2012

A team led by architect Tilney Shane on 24 May won the British Council for Offices and Property Week competition to design a regeneration scheme in Manchester.
£200m costs and losses after Best Buy failure

14 June 2012

The failed attempt to introduce electronics retailer Best Buy to the UK has cost the venture’s stakeholders more than £200m.
€24m L'Ellipse spotted by Fiducial Real Estate

8 June 2012

The French company, Fiducial Real Estate, has bought the L’Ellipse office building in the Paris business district of La Défense for €24m.
Aberdeen retenders string of fund portfolios

8 June 2012

CBRE has been appointed to manage a £1.2bn property portfolio on behalf of Aberdeen Asset Management, as part of an ongoing drive by the fund manager to reduce the number of managing agents it hires.
Aberdeen veteran to step down

12 June 2012

Aberdeen Asset Management’s managing director of UK Property Fund Management, John O’Connor, will be retiring at the end of the month.
Aberdeen wins asset management contract in Denmark

13 June 2012

Aberdeen Asset Management has been awarded a property asset management contract from Danish charity Aage V Jensen to manage its direct-owned €170m Danish property portfolio.
Agency 2012- European and Worldwide Turnover

8 June 2012
Agency 2012: a grinding recovery

8 June 2012

Business continues to slowly improve for property services firms.
Agency 2012: A grinding recovery

8 June 2012

Business continues to slowly improve for property services firms.
Agency upheaval will continue into 2013

8 June 2012

There has never been a year of greater upheaval in the property services sector.
Alternative energy

8 June 2012

David Hatcher talks to 12 small agencies that broke away from the “corporate beast” in the depths of the property crash. Photography by Tom Campbell
And finally … happy birthday Dransfield

8 June 2012

Many happy returns to Barnsley-based Dransfield Properties, which this year celebrates its 20th birthday and is showing Mary Portas a thing or two about reviving beleaguered high streets.
Ballymore creates heat in Hayes

8 June 2012

Ballymore has sold 28 of the 96 units at the last of its buildings at High Point Village (pictured) in Hayes and has a further 12 reserved, awaiting exchange.
Bam lands 60,000 sq ft tech letting in Chiswick

14 June 2012

Data security company ViaSat has placed under offer nearly 60,000 sq ft at Bam Properties’ Chiswick Green development in south west London, PropertyWeek.com can reveal.
Bank of England: worst could still be ahead for banks

12 June 2012

The Deputy Governor of the Bank of England this evening said that “the worst could still be ahead” for banks in terms of needing more capital and that policymakers had to be willing to “take away the punchbowl” to ensure that markets like property don’t overheat.
Bank of Ireland exits €200m of infrastructure loans

13 June 2012

The Bank of Ireland is on target to exit €10bn of investments after agreeing to sell a portfolio of infrastructure loans.
Bellway's prices and sales are up, but so are cancellations.

8 June 2012

House builder Bellway has said that despite demand for homes continuing to outperform expectations, net cancellations are rising.
Benson Elliot plans Ealing facelift

8 June 2012

Arcadia Centre will be redeveloped to attract potential Crossrail footfall. David Hatcher reports
Billionaire investors face £362m debt challenge

11 June 2012

The property company of a pair of billionaire brothers this week appointed a debt specialist to advise on an imminent £362m portfolio loan maturity, Property Week can reveal.
Billionaire investors face £362m debt challenge

11 June 2012

The property company of a pair of billionaire brothers this week appointed a debt specialist to advise on an imminent £362m portfolio loan maturity, Property Week can reveal.
Blackrock launches real estate securities division

8 June 2012

Blackrock is to launch a global real estate securities division to be headed by the former chief investment officer of REIT management at Goldman Sachs, Mark Howard-Johnson, it announced today.
Blackstone clinches $2.1bn of US sheds

8 June 2012

Blackstone is close to taking control of $2.1bn of US industrial property.
Blackstone ends talks with Yodel over sheds sale

11 June 2012

Blackstone has ended talks with the Barclay Brothers’ parcel delivery service Yodel over a deal to buy £33m of sheds.
Blackstone takes on Lloyds’ Oz default loans

8 June 2012

Blackstone and Morgan Stanley have bought £809m of distressed Australian property loans from Lloyds Banking Group.
British Airways Pension Fund makes Aberdeen buy

14 June 2012

The Apia Regional Office Fund Partnership, managed by Aviva Investors, has sold St Magnus House, Aberdeen to British Airways Pension Fund for £18.3m.
British Land ahead at Eden

8 June 2012

British Land is the frontrunner to buy a half-share in the Eden Walk shopping centre in Kingston upon Thames, which will enable it to undertake a future redevelopment and extension of the mall.
Brookfield to target euro distress with $10bn fund

8 June 2012

North American firms with huge firepower set to dominate European market
BSkyB ponders £233m Osterley sale

12 June 2012

BSkyB is considering a sale and leaseback of its new Stanhope-developed west London studio complex and headquarters.
Calling developers for Old Oak Common

8 June 2012

Developers will be asked to come forward to consult on the regeneration of a huge site to the north of Wormwood Scrubs next summer. This will follow the publication of an initial “Opportunity Area Planning Framework”.
Carter Jonas: Cambridge office and laboratory markets - June 2012

8 June 2012

Closer to home and in more recent times, the Cambridge area has been identified by successive national governments as a model for economic prosperity and development.
CBRE appointed to Aberdeen portfolio

11 June 2012

Aberdeen Asset Management has appointed CBRE to manage its £1.2bn property portfolio.
CBRE markets historic Briggate retail block

8 June 2012

A prime retail block on Leeds’ main shopping street, Briggate, has been brought to the market by CBRE.
Centre Point plans hit new high as Almacantar submits planning application

1 June 2012

Developer Almacantar has submitted its planning application to the London borough of Camden to turn Centre Point, in London’s West End, into luxury flats.
Chesterton Humberts: London Prime Residential Market Snapshot - Spring 2012

8 June 2012

The prime London residential property market has again demonstrated its resilience in the first quarter of 2012 despite the economy having slipped back into recession and the Chancellor’s tax offensive on the high-end residential sector - although the longer term impact of the latter remains to be seen.
China’s property boom reminds me of Spain

8 June 2012

On a recent trip to China, I found the evidence of a sagging property market overwhelming. Going from Beijing via Nanjing and Kunshan to Shanghai, I was reminded of the property boom and bust in Spain: empty apartment blocks and numerous too-big-to-finish projects.
Clinton Cards creditor shows its hand

8 June 2012

US group Schurman Retail is to meet with landlords next week to outline its strategy for collapsed retailer Clinton Cards, which it was close to buying as Property Week went to press.
Crest’s Stone digs ‘dope’ dress sense

8 June 2012

As the nation settled down last weekend to enjoy all the pomp and circumstance of one of the decade’s most significant televisual events — Ludgate is, of course, referring to the final of BBC One karaoke fest The Voice — one member of the property fraternity in particular was barely able to contain his excitement.
Croydon's Allders store in crunch rent talks

13 June 2012

Croydon’s Allders department store is in crunch talks with its landlord to try and reduce its rent bill in a bid to stave off collapse.
Cushman & Wakefield: London Offices - The Return of the Prelet

8 June 2012

Preletting has historically been an important part of the London market, accounting for 15.0% of total transactions in central London between 2002 and 2011.
Cushman appoints City and Canary Wharf occupier head

14 June 2012

Cushman & Wakefield has appointed James Meikle as head of its London occupier representation team.
Desert island bricks: Barney Kelham

8 June 2012

Head of developer UK & European Investments Barney Kelham shares his favourite buildings from across the world
Desert island bricks: Barney Kelham

8 June 2012

Head of developer UK & European Investments Barney Kelham shares his favourite buildings from across the world
Developers and occupiers united in Leeds

8 June 2012

Imminent office prelet decisions could spark mini-building boom. Hardeep Sandher reports
Developers have answers when it comes to data centres

8 June 2012

Although prospects for the European economy are bleak, the data centre market in Europe is holding up, thanks to a strong balance of supply and demand.
Dickman heads for Barwood

11 June 2012

Andrew Dickman has left Brian Kennedy’s Patrick Properties venture to head the new Northern office of Northampton-based Barwood Developments, TheBusinessDesk.com reported today.
DTZ: Edinburgh - Q1 2012

8 June 2012

Take-up in the city centre increased to 127,000 sq ft in Q1. This was the strongest quarter of lettings in two years and was driven by a 48,000 sq ft pre-let to Brewin Dolphin at Atria.
Elsworth parts company with Stirling’s Newett

8 June 2012

Stirling Investments’ former property director, Ian Elsworth, has left to join Leeds-based Scotfield Group.
English Cities plans third phase for Merchant Gate

8 June 2012

English Cities Fund, the joint venture between Muse Developments, Legal & General, and the Homes and Communities Agency, is in discussions to launch a third phase of its Merchant Gate scheme in Wakefield.
Enterprise Finance makes trio of appointments

8 June 2012

Enterprise Finance has made three new appointments to its commercial mortgages division.
Europa Capital and St Congar land £25m HSBC site

8 June 2012

The English Residential Land Partnership, a joint venture between Europa Capital and St Congar Land, has bought the HSBC training facility near St Albans, Hertfordshire, for around £25m.
Exclusive: first interview with new Clinton Cards owner

8 June 2012

Schurman Retail has revealed its plans to Property Week to turn the business around and keep pressure on landlords.
Failed Best Buy experiment costs stakeholders more than £200m

14 June 2012

The failed attempt to introduce electronics retailer Best Buy to the UK has cost the venture’s stakeholders more than £200m.
First Property Group hails Poland despite Euro woes

11 June 2012

First Property Group this morning said it would continue to concentrate on Poland and the UK after posting a solid set of annual results.
Fragrance Shop scents expansion trail

8 June 2012

Perfume retailer the Fragrance Shop wants to almost double its store portfolio in the next five years, following a boost in sales by products from celebrities such as Justin Bieber (pictured).
Frequently Asked Questions

14 June 2012

Subscriptions and accessibility
FTSE All Property Index tracking fund pulls IPO

8 June 2012

The fund, which was to have been advised by MSS Real Estate, said last Friday the IPO “will not be proceeding on the current timetable”.
Further 43 Clinton Cards stores closed

8 June 2012

The administrators to Clinton Cards today announced the closure of 43 stores not included in the sale of the company to a subsidiary of US card retailer and wholesaler American Greetings.
Galway retail sale is NAMA’s largest outside Dublin

8 June 2012

Ireland’s National Asset Management Agency has put up for sale a €27m retail investment in Galway, in what will be its biggest domestic asset sale outside Dublin.
Gap rehires Masters to head European store portfolio

13 June 2012

US fashion retailer Gap has re-recruited Steve Masters as vice president of real estate and store development in Europe.
Gems Education to take development course

8 June 2012

Two Hammersmith office buildings will be redeveloped. David Hatcher reports
GM Real Estate smells a rat

8 June 2012

You might want to put your knife and fork down if you’re reading this over breakfast.
Goodman goes global with Malaysian fund

8 June 2012

Tie-up with Employees Provident could spend nearly A$1bn in Australia first
Government must embrace property in drive for tech growth

8 June 2012

Everyone is talking about growth. One area that looks interesting is the world of TMT: technology, media and telecoms.
Government on track to hack back estate

8 June 2012

Report reveals significant decrease in size and running costs. Sarah Townsend reports
Government on track to hack back estate

8 June 2012

Report reveals significant decrease in size and running costs. Sarah Townsend reports
Grainger ramps up resi value for Lloyds

8 June 2012

Bank to sell giant Sir Tom Hunter-backed distressed portfolio
Grainger ramps up resi value for Lloyds

8 June 2012

Bank to sell giant Sir Tom Hunter-backed distressed portfolio
GVA: Retail Bulletin - Spring 2012

8 June 2012

It will come as no great surprise that there was a very mixed bag of trading results from retailers over the Christmas period, although overall sales held up in December (total retail sales +1.7%pa).
GVA: The Big Nine - Regional Office Market Review - Q1 2012

8 June 2012

Prospects for the regional office market have improved significantly since the end of last year. Q1 managed to record average take-up, in what is traditionally the slowest quarter of activity.
GVA: The Only Way Is Up - Summer 2012

8 June 2012

Current market conditions in the UK, and even more so in Ireland, have exposed many occupiers to the downside of upwards only rent reviews.
GVA: Unlocking Town Centre Retail Developments - May 2012

8 June 2012

The crisis faced by many town centres and how to revive them, has been extensively debated over recent months. The Portas Review made aseries of sensible recommendations, most of which have been adopted by ministers.
Hammerson bets on Eastgate casino

8 June 2012

Hammerson’s director of retail development, Robin Dobson, insists its £600m Eastgate scheme in Leeds is firmly on track, although a start date for the development has still not been set.
Henderson Research: Think/Europe - May 2012

8 June 2012

The road to economic recovery was always going to be tough. With inflation falling and a lack of growth, aggressive deleveraging by overly indebted governments, financial institutions and consumers will weigh heavily on Eurozone output.
Henry Adams buys Cluttons Chichester office

14 June 2012

Cluttons Chichester office has been bought out by fellow Chicester estate agent, Henry Adams.
Homeware retailer waits for delivery of DHL shed

8 June 2012

The Range in talks with CBRE Global Investors to take over Thorne shed. Hardeep Sandher reports
Hopkins says Workspace strategy will not change after reporting strong results

12 June 2012

Harry Platt signed off as chief executive of Workspace Group after producing a forecast-beating set of results.
House sales drop 40% in five years

11 June 2012

Sales of homes across the UK have dropped almost 40% in five years, according to the Royal Institute of Chartered Surveyors.
Hunter tracks down Richmond Hill home

8 June 2012

Northacre founder John Hunter is among the parties shortlisted to buy a lucrative residential development site in Richmond, south-west London.
Insurers to lead rise in new property lending

12 June 2012

New lending to property is set to rise in 2012, according to a new report, with insurance companies leading the way.
Intimissimi extends Oxford Street brief

8 June 2012

Italian lingerie retailer Intimissimi has signed up for its second store on London’s Oxford Street.
Investors throw in their hand — and blame their fund manager

8 June 2012

The unravelling of the German open-ended fund sector has been relatively dramatic. Two separate €6bn funds closed within three weeks of each other, showing investors and fund managers are clearly not happy.
Invista shareholder slams Internos’s £33.6m recommended bid

13 June 2012

A shareholder in Invista Real Estate Investment Management this afternoon slammed the recommended takeover of the company by Internos Real Investments as “completely unacceptable”.
Invista shareholder slams takeover bid

13 June 2012

A shareholder in Invista Real Estate Investment Management this afternoon slammed the recommended takeover of the company by Internos Real Investments as “completely unacceptable”.
IPD’s service charge pilot

8 June 2012

IPD is piloting a new benchmarking service to provide greater transparency on service charges, which are a source of conflict between landlords and tenants.
Italians plan UK drive after £167m West End debut

12 June 2012

An Italian fund manager has emerged as the £167m buyer of Queensberry House in London’s Mayfair, announcing the deal is “just the start” of its move to become “an active investor in the UK commercial property market”.
Italians start drive with £167m London deal

12 June 2012

An Italian fund manager has emerged as the £167m buyer of Queensberry House in London’s Mayfair, announcing the deal is “just the start” of its move to become “an active investor in the UK commercial property market”.
JD Sports predicts up to £15m loss for Blacks this year

13 June 2012

JD Sports anticipates incurring an operating loss of up to £15m from the Blacks business this year, after having bought the struggling retailer at the start of the year.
JJ Homes scores with London Square site

1 June 2012

Managing agent JJ Homes has been appointed by developer London Square to oversee its development in Wimbledon village.
Jokes await planning consent

8 June 2012

What, if anything, is funny about planning?
Junction Fund takes full control of Thurrock shopping park

11 June 2012

The Junction Fund has bought out Strathclyde Pension Fund’s interest in the Thurrock shopping park, meaning the park can now be sold as part of the whole portfolio.
Junction takes Thurrock control

11 June 2012

The Junction Fund has bought out Strathclyde Pension Fund’s interest in the Thurrock shopping park, meaning the park can now be sold as part of the whole portfolio.
Knight Frank Residential Research: Housebuilding 2012

8 June 2012

The housebuilding industry has been near the forefront of the political and economic agenda over the last year, resulting in enhanced government support for homebuyers and an expansion of the national debate on how to provide housing for a growing population.
Knight Frank Residential Research: Prime Global Cities Index

8 June 2012

The value of prime property in the world’s key cities fell by 0.4% in the first quarter of 2012. This represents the index’s first quarterly fall since thedepths of the global recession.
Knight Frank: UK Market Outlook - May 2012

8 June 2012

The IPD digest recorded a fifth consecutive monthly fall in All Property capital values, which declined by 0.3% in March.
Law firm signs for 100,000 sq ft in SE1

13 June 2012

A legal intelligence company has signed a pre-let for nearly 100,000 sq ft in Blackfriars.
Legal & General forward funds in Greenwich

15 June 2012

Legal & General Property has bought a proposed Waitrose supermarket at a Galliard Homes scheme in Greenwich.
Life’s a gas for Kennedy Wilson in Dublin

8 June 2012

International real estate investment and services firm Kennedy Wilson has bought a residential property in Dublin out of receivership.
Lok'nStore forms Aldershot JV

11 June 2012

Lok’nStore Group has formed joint venture with a consortium of investors to build a self-storage centre in Aldershot, Hampshire.
Long-suffering Bradford’s patience with Westfield finally snaps

8 June 2012

Protestors descended on Westfield’s Bradford site last week, demanding a public inquiry into why the developer had made no progress on its planned retail scheme in the past eight years.
Major shareholder calls for examination of Hungarian property company’s activities

13 June 2012

Ablon Group, the AIM-listed Hungarian property company, has come under pressure from its largest independent shareholder and biggest lender.
Malaysians unveil Seoul plan

8 June 2012

Malaysia’s Yongsan Development Company has unveiled the masterplan for a development in Seoul that would be 30% larger than Canary Wharf.
McKay Securities buys at 36.8% yield

14 June 2012

McKay Securities has bought a high yielding office investment at Pinehurst Park, Farnborough for £3.5m.
Metro Bank opens at former Chiswick petrol station

13 June 2012

Boultbee and London & Central Securities have let a former petrol station in Chiswick, west London, to Metro Bank.
Minister to consider Welsh rates rethink

12 June 2012

The Welsh government should seek permission to devolve business rates to Wales and enable councils to retain a portion of the income, according to an independent report commissioned by the Welsh business minister.
Ministry of Defence launches search for Hyde Park Barracks partner

8 June 2012

The Ministry of Defence has officially launched a search for a development and project management partner for Hyde Park Barracks, as revealed by Property Week.com (18.5.2012).
Monks Cross planning goes into extra time

8 June 2012

York celebrates stadium win but it is a game of two halves for retail plans. Hardeep Sandher reports
Mulberry marches on with international expansion

14 June 2012

Mulberry Group will press on with its international expansion with up to 20 new stores opened across the globe over the next year.
Muse secures Blemain in Cheadle

12 June 2012

Blemain Group is to move from its offices in Manchester city centre to new space at Muse Developments’ Cheadle Royal Business Park, TheBusinessDesk.com reported today.
MWB’s Malmaison stake sale

8 June 2012

MWB seeks “partner equity” for Malmaison and Hotel du Vin chains to reduce cost of debt
Need to know: cuts to eclipse solar tariff

8 June 2012

The government has confirmed the changes it will make this year to the solar feed-in tariff (FIT) paid to developers of large solar power installations, following a consultation on the proposals.
Need to know: Victoria Quarter

8 June 2012

It was one of the few significant retail schemes to be put on the market in 2011, but after fraught negotiations with German fund manager Deka, the owner of Leeds’ Victoria Quarter, Irish consortium Kennedy Wilson, pulled out of the purchase. Property Week finds out what went wrong and what it plans now.
Newmark has a nosey at Parker

8 June 2012

Newmark Property Investments has bought a 13-storey tower in London’s Holborn that has potential for redevelopment.
Olympian takes CBRE for spin

8 June 2012

Spot the Olympic cyclist among the industrial property agents. Hint: he has massive thighs and is in the centre (below).
Onwards, but not upwards: Property Week and GVA Leasing Debate

8 June 2012

Property Week and GVA teamed up to host a debate addressing the need for alternatives to upward-only rent reviews during times of economic difficulty. Photographs by Oliver Knight
Orchard Street wins £300m BBC mandate

14 June 2012

Orchard Street Investment Management has won a mandate to manage £300m of the BBC Pension Fund’s £1.1bn property portfolio.
People Moves: 8 June

8 June 2012

Hamptons International has appointed James Underhill from Berkeley Homes as an associate director in its residential development and investment team
People moves: Hamptons International, Regal Homes, Cluttons and more...

8 June 2012

Hamptons International has appointed James Underhill from Berkeley Homes as an associate director in its residential development and investment team,
Pilot project pans Portas TV plans

13 June 2012

One of the towns selected for Mary Portas’s pilot scheme for saving Britain’s high streets has raised concerns that “the desires of a TV production company are being placed above the needs of a community in transition”.
Planning submitted for Cardiff Pointe

1 June 2012

Greenbank Partnerships has submitted planning for its Cardiff Pointe scheme in the Welsh capital.
Property Week Digital Edition - 08 June 2012

8 June 2012
Prudential makes Bristol buy

11 June 2012

Temple Circus has been bought by Prudential for £26m.
Q+A: Peter Everest grapples with Huddersfield

8 June 2012

Peter Everest, managing director of developer and investment company WD Huddersfield, announced in March plans to extend the 300,000 sq ft Kingsgate Shopping Centre in Huddersfield by 120,000 sq ft, although these plans were first mooted in 2007.
Q+A: Sir Terry Farrell’s mega-hub and flow city

8 June 2012

Property Week asks Sir Terry Farrell about the Old Oak Comon masterplan
Restaurants on menu at Ealing Broadway

8 June 2012

Wereldhave is to target new restaurateurs for its revamped leisure units, in addition to Republic, Arcadia brands, Superdry and an Apple reseller at Ealing Broadway Shopping Centre.
Retail park is Stirling stuff for Legal & General

8 June 2012

Legal & General has agreed to forward-fund an £18.5m retail park development in Scotland.
RICS to protect valuers from indemnity ‘confetti’ shower

8 June 2012

Industry warns against taking on work without liability cap. Sarah Townsend reports
Royal College of Music tunes up halls

8 June 2012

College plans refurbishment and second student residence. David Hatcher reports
Sale agreed for Liverpool's West Tower

14 June 2012

A sale of Liverpool’s landmark 40-storey West Tower development has been agreed, administrators Grant Thornton have revealed, TheBusinessDesk.com reported today.
Savills restructures UK operation

14 June 2012

Savills is to bring the whole of its UK business under the leadership of current commercial property chief Mark Ridley.
Savills to restructure UK operation

14 June 2012

Savills is to bring the whole of its UK business under the leadership of current commercial property chief Mark Ridley.
Savills: Commercial Development Activity - May 2012

8 June 2012

Total commercial development activity rose for a second successive month in April.
Savills: Sweden Investment Market - Q1 2012

8 June 2012

In line with most economies in Europe, Sweden’s economy has experienced a mild downturn in the last two quarters. However, Sweden’s solid public finances allows for a expansionary public policy in order to support the economy.
Schroders splashes out on West End redevelopment gem

8 June 2012

WELPUT ponders luxury homes at 3 St James’s Square office block
Scotland to swap stamp duty with tax on high-end buyers

8 June 2012

The Scottish government has taken one of its most radical tax decisions since devolution by scrapping stamp duty land tax.
Scottish Power shortlists four

8 June 2012

Scottish Power has shortlisted four parties to develop its 220,000 sq ft Glasgow headquarters: Helical Bar with Dawn Group, HF Developments, Muse Developments and Abstract Securities.
Secure recruits from Deutsche Pfandbriefbank AG

11 June 2012

Secure Property Development and Investment, the company formerly known as Aisi, has appointed Harin Thaker from Deutsche Pfandbriefbank AG.
Segro’s new pilot for Heathrow

8 June 2012

Alison Yard to run joint ventures with Aviva Investors and Prudential. David Hatcher reports
Senior Colliers director joins niche agency

6 June 2012

One of Colliers International’s senior retail directors has joined a niche London practice.
South London Citizens raise Nine Elms trust issues with local council

8 June 2012

Community activists in Wandsworth, south-west London, have urged the local council to set up a community land trust as part of plans for the Nine Elms regeneration area, near Battersea.
Spanish banks are still hiding real extent of their losses

8 June 2012

We’re Catholics. There’s no way we’re going to let a load of American or English Protestant firms come in and make a load of money from our pain. We’ll just lock it away for 20 years until it’s forgotten about.”
Take three: progress reports on schemes at White City

8 June 2012

Property Week reports on the latest from the developments at London’s White City
Telephone House gets Emap call

14 June 2012

Top Right Group has chosen Telephone House as its new headquarters for its magazine subsidiary, Emap.
Tenant appeal aims to break ‘unjust’ cycle

8 June 2012

Source: hanna-
Terrace Hill hails "operational progress" despite static NAV

12 June 2012

Terrace Hill Group suffered a slight drop in net asset value in the first half of its financial year, but said the figures “masked” good operational progress.
Tesco and Dobbies submit plans for first joint store

13 June 2012

Tesco and Dobbies Garden World have submitted plans for an £8m store which will see the two brands trade side-by-side.
The Property Lexicon

8 June 2012

Capital stack /’kæpitl stak/n. Don’t get too excited. McDonald’s is not, disappointingly, planning to release a special edition burger designed to celebrate the London Olympics. “Capital stack” in fact describes the layers of equity and debt in a property. Yawn.
Thomas Cook packs up stores as online traffic rises

8 June 2012

Travel agent Thomas Cook revealed pretax losses of £328m in the six months to 31 March last week, and has closed 115 stores since December as part of plans to turn around its UK operations.
Threadneedle’s Core challenge

8 June 2012

Threadneedle has bought the Core shopping centre in Leeds out of receivership for more than £38m.
Tincknell resigns from REO

13 June 2012

Rob Tincknell has resigned from Real Estate Opportunities in order to “pursue other business opportunities”.
Topland gets go ahead for 220,000 sq ft City development

13 June 2012

GreycoatCore has achieved planning consent for a 220,000 sq ft office building on King William Street, on behalf of Topland the freeholder of the site.
Travis Perkins trades up to Luton one-stop shop

8 June 2012

Builders’ merchant to start work on another multibrand park in June. Rachel Hunter reports
Trinity Leeds on track

8 June 2012

It is less than 10 months until Trinity Leeds opens, and Land Securities’ 1m sq ft scheme is beginning to take shape, as the picture below shows.
Two degrees of separation between us and ‘extremely dangerous’ climate

8 June 2012

It doesn’t happen often, but every once in a while someone delivers such a skilful and impassioned assault on received wisdom that it feels like being caught smack on the chin by a thunderous right hook.
Unibail-Rodamco makes its first move in to Germany

14 June 2012

Dutch-French property company Unibail-Rodamco has bought for the first time in Germany.
US REIT to buy Granta Park

12 June 2012

MEPC has agreed to sell Granta Park in Cambridge to a US REIT for around £127m.
US REIT to buy Granta Park

12 June 2012

MEPC has agreed to sell Granta Park in Cambridge to a US REIT for around £127m.
Westlife singer bankrupt following Irish property crash

14 June 2012

Westlife singer Shane Filan has been declared bankrupt after he was hit by the collapse of the Irish property market, the BBC reported today.
What goes up … west London is at risk of becoming victim of own success

8 June 2012

We made our investment in Hammersmith Grove in the dark days of 2009. With no new developments in Hammersmith for the past decade, we wait to see whether our 110,000 sq ft prime office building will be a triumph of foresight despite the gloomy economic landscape.
Widows cheers Keir with spec funds for Roxhill in Northants

8 June 2012

Sheds veteran wins funding package for largest speculative development since Lehman Brothers collapse
Worst could be ahead for banks, says BoE

13 June 2012

The Deputy Governor of the Bank of England this evening said that “the worst could still be ahead” for banks in terms of needing more capital and that policymakers had to be willing to “take away the punchbowl” to ensure that markets like property don’t overheat.
Zara founder buys £150m Oxford Street block

14 June 2012

The founder of Zara has bought a block on the corner of Oxford Street and New Bond Street in a £150m off-market deal, PropertyWeek.com can reveal.
Zara founder buys £150m Oxford Street block

14 June 2012

The founder of Zara has bought a block on the corner of Oxford Street and New Bond Street in a £150m off-market deal, PropertyWeek.com can reveal.
Zoopla deals final merger card against rival Rightmove

8 June 2012

Zoopla joins Digital Property Group to become second-largest property search engine in UK. Emma Haslett reports
Zoopla deals final merger card against rival Rightmove

8 June 2012

Zoopla joins Digital Property Group to become second-largest property search engine in UK. Emma Haslett reports