http://www.propertyweek.com http://www.propertyweek.com http://www.propertyweek.com/magazine/graphics/logo.png http://www.propertyweek.com http://www.propertyweek.com/finance/property-companies/argent-of-change-development-company-restructures/5037203.article http://www.propertyweek.com/finance/property-companies/argent-of-change-development-company-restructures/5037203.article “Old guard” Madelin and Partridge set up limited liability partnership so younger generation can take over Fri, 25 May 2012 00:00 GMT http://www.propertyweek.com/news/news-by-sector/residential/berkeley-becomes-principal-player-at-hammerson-scheme/5037221.article http://www.propertyweek.com/news/news-by-sector/residential/berkeley-becomes-principal-player-at-hammerson-scheme/5037221.article Pidgley pounces on another prime London residential site, becoming frontrunner for City fringe tower Fri, 25 May 2012 00:00 GMT http://www.propertyweek.com/finance/great-portland-clear-for-take-off-after-rights-of-light-deal/5037269.article http://www.propertyweek.com/finance/great-portland-clear-for-take-off-after-rights-of-light-deal/5037269.article REIT makes multimillion-pound settlement with Ryanair boss O’Leary over Fetter Lane scheme Fri, 25 May 2012 00:00 GMT http://www.propertyweek.com/news/news-by-region/london/carlyle-floats-1m-sq-ft-blackfriars-makeover/5037230.article http://www.propertyweek.com/news/news-by-region/london/carlyle-floats-1m-sq-ft-blackfriars-makeover/5037230.article Private equity firm to create more than 1m sq ft in schemes at south of bridge Fri, 25 May 2012 00:00 GMT http://www.propertyweek.com/multimedia/pw-podcast/podcast-henderson-eyes-secondary-retail/5037298.article http://www.propertyweek.com/multimedia/pw-podcast/podcast-henderson-eyes-secondary-retail/5037298.article Mike Sales, managing director of global rpoperty at Henderson Global Investors joined LBC’s James Max in the Property Week podcast studio this month to discuss funds, Europe and why he likes secondary retail. Fri, 25 May 2012 00:01 GMT http://www.propertyweek.com/news/news-by-sector/occupiers/pioneering-low-carbon-trust-signs-green-friendly-winton/5037245.article http://www.propertyweek.com/news/news-by-sector/occupiers/pioneering-low-carbon-trust-signs-green-friendly-winton/5037245.article Hedge fund to pay £35/sq ft for 60,000 sq ft in Hammersmith, proving sustainability can also be profitable Fri, 25 May 2012 00:00 GMT http://www.propertyweek.com/news/news-by-sector/retail/tantrums-in-shopping-centres-across-the-uk/5037253.article http://www.propertyweek.com/news/news-by-sector/retail/tantrums-in-shopping-centres-across-the-uk/5037253.article Teenage beauty salon to open in Stratford City ahead of national expansion Fri, 25 May 2012 00:00 GMT http://www.propertyweek.com/finance/german-bank-pulls-out-of-uk-property-lending/5037299.article http://www.propertyweek.com/finance/german-bank-pulls-out-of-uk-property-lending/5037299.article A German bank has become the latest lender to pull out of the UK property sector, PropertyWeek.com can reveal. Thu, 24 May 2012 17:36 GMT http://www.propertyweek.com/news/news-by-sector/hotels-and-leisure/lloyds-checks-out-of-£500m-hotels-group/5037239.article http://www.propertyweek.com/news/news-by-sector/hotels-and-leisure/lloyds-checks-out-of-£500m-hotels-group/5037239.article Conference hotel owner Principal Hayley is latest disposal from HBOS legacy Thu, 24 May 2012 16:30 GMT http://www.propertyweek.com/news/midweek-bulletin/midweek-bulletin-quintain-the-end-of-the-wyatt-era/5037240.article http://www.propertyweek.com/news/midweek-bulletin/midweek-bulletin-quintain-the-end-of-the-wyatt-era/5037240.article With the departure of Adrian Wyatt as chief executive of Quintain, Property Week’s James Whitmore and Mike Phillips reflect on the legendary bon viveur’s 20 years at the helm. Thu, 24 May 2012 12:47 GMT http://www.propertyweek.com/finance/wyatt-steps-down-at-quintain/5037199.article http://www.propertyweek.com/finance/wyatt-steps-down-at-quintain/5037199.article Adrian Wyatt, founder of regeneration developer Quintain, is stepping down as chief executive. Thu, 24 May 2012 07:20 GMT http://www.propertyweek.com/finance/healthcare-giant-prepares-for-£2bn-debt-workout/5037238.article http://www.propertyweek.com/finance/healthcare-giant-prepares-for-£2bn-debt-workout/5037238.article Britain’s biggest private hospital owner and its lenders have appointed advisers to try to tackle its huge property debt mountain, PropertyWeek.com can reveal. Thu, 24 May 2012 12:04 GMT http://www.propertyweek.com/news/news-by-region/london/clarges-estate-deal-falls-through/5037281.article http://www.propertyweek.com/news/news-by-region/london/clarges-estate-deal-falls-through/5037281.article One of Mayfair’s largest development opportunities is to be remarketed for £150-200m, after plans to sell it to Chelsfield Partners officially fell through today. Thu, 24 May 2012 15:56 GMT http://www.propertyweek.com/finance/internos-to-buy-invista/5037227.article http://www.propertyweek.com/finance/internos-to-buy-invista/5037227.article The two year process to wind-up Invista Real Estate Investment Management is close to ending with the announcement today that Jos Short’s Internos has made a recommended offer for the fund management business. Thu, 24 May 2012 11:17 GMT http://www.propertyweek.com/finance/valuation-losses-hit-quintain-results/5037210.article http://www.propertyweek.com/finance/valuation-losses-hit-quintain-results/5037210.article Valuation losses contributed to a net asset value decline of 7.6% at Quintain last year, caused by falls on its secondary property and its Wembley estate.  Thu, 24 May 2012 09:54 GMT http://www.propertyweek.com/news/news-by-sector/offices/bco-2012-barclays-banks-cant-fill-the-property-funding-gap/5037296.article http://www.propertyweek.com/news/news-by-sector/offices/bco-2012-barclays-banks-cant-fill-the-property-funding-gap/5037296.article Banks alone will not be able to fill the current property funding gap admitted Gregor Bamert, UK head of real estate at Barclays Corporate at the BCO Conference this afternoon. Thu, 24 May 2012 17:04 GMT http://www.propertyweek.com/finance/local-shopping-reit-suffers-nav-drop/5037251.article http://www.propertyweek.com/finance/local-shopping-reit-suffers-nav-drop/5037251.article Local Shopping REIT, the investor in urban and suburban shops, suffered an NAV decline of 7.9% in the first half of its financial year in a sign of the continued economic woes of the UK retail sector. Thu, 24 May 2012 12:49 GMT http://www.propertyweek.com/news/news-by-sector/offices/bco-2012-parris-says-london-too-successful/5037223.article http://www.propertyweek.com/news/news-by-sector/offices/bco-2012-parris-says-london-too-successful/5037223.article Times columnist and former MP Matthew Parris set the cat among the pigeons at Manchester’s British Council for Offices conference today by saying London is ‘too successful’. Thu, 24 May 2012 11:06 GMT http://www.propertyweek.com/news/news-by-sector/retail/arcadia-heads-to-swansea-retail-park/5037219.article http://www.propertyweek.com/news/news-by-sector/retail/arcadia-heads-to-swansea-retail-park/5037219.article The Crown Estate has secured Arcadia’s Outfit concept as its first new letting at Morfa Shopping Park in Swansea, south Wales. Thu, 24 May 2012 10:57 GMT http://www.propertyweek.com/news/news-by-region/east-of-england/stanhope-terminates-stevenage-regeneration-scheme/5037246.article http://www.propertyweek.com/news/news-by-region/east-of-england/stanhope-terminates-stevenage-regeneration-scheme/5037246.article Stanhope and ING Real Estate have pulled out of their agreement with Stevenage Borough Council for a £250m regeneration project in Stevenage town centre. Thu, 24 May 2012 12:36 GMT http://www.propertyweek.com/news/news-by-sector/offices/bco-2012-supply/demand-mismatch-may-stunt-uk-growth/5037212.article http://www.propertyweek.com/news/news-by-sector/offices/bco-2012-supply/demand-mismatch-may-stunt-uk-growth/5037212.article A new report out today from Centre for Cities and the British Council for Offices shows a disparity between where offices are needed in the UK and where they are being built.  Thu, 24 May 2012 10:33 GMT http://www.propertyweek.com/news/news-by-sector/offices/bco-2012-sir-howard-bernstein-coalition-growth-strategy-beginning-to-work /5037211.article http://www.propertyweek.com/news/news-by-sector/offices/bco-2012-sir-howard-bernstein-coalition-growth-strategy-beginning-to-work /5037211.article Sir Howard Bernstein, chief executive of Manchester City Council, this morning opened the British Council of Offices annual conference by praising the coalition government’s approach to growth. Thu, 24 May 2012 10:06 GMT http://www.propertyweek.com/news/news-by-sector/hotels-and-leisure/sales-soar-at-youngs-after-brewery-arm-disposal/5037205.article http://www.propertyweek.com/news/news-by-sector/hotels-and-leisure/sales-soar-at-youngs-after-brewery-arm-disposal/5037205.article Pub group Young’s unveiled a 25.5% rise in revenue to £179m this morning, while adjusted profit before tax also shot up 17.4% to £21m. Thu, 24 May 2012 09:46 GMT http://www.propertyweek.com/news/news-by-sector/retail/mothercare-confirms-store-closures-as-uk-sales-drop-46/5037201.article http://www.propertyweek.com/news/news-by-sector/retail/mothercare-confirms-store-closures-as-uk-sales-drop-46/5037201.article Mothercare has confirmed plans to shut 111 UK stores by 2015, after a poor UK performance hit profits last year. Thu, 24 May 2012 09:11 GMT http://www.propertyweek.com/news/public-procurement-needs-radical-reform-says-riba/5037204.article http://www.propertyweek.com/news/public-procurement-needs-radical-reform-says-riba/5037204.article European public procurement rules must be radically reformed to give a much-needed boost to the UK construction industry, a report has urged. Thu, 24 May 2012 09:42 GMT http://www.propertyweek.com/news/revealed-full-details-of-robert-tchenguiz-and-sfo-high-court-row/5037198.article http://www.propertyweek.com/news/revealed-full-details-of-robert-tchenguiz-and-sfo-high-court-row/5037198.article The legal battle between the Tchenguiz brothers and the Serious Fraud Office was laid bare yesterday afternoon. Wed, 23 May 2012 20:08 GMT http://www.propertyweek.com/news/savills-hires-dtz-director/5037185.article http://www.propertyweek.com/news/savills-hires-dtz-director/5037185.article Savills has appointed a director from DTZ’s retail investment team to lead its industrial investment team in London. Wed, 23 May 2012 16:44 GMT http://www.propertyweek.com/news/news-by-sector/retail/administrators-confirm-44-clinton-and-birthdays-closures/5037169.article http://www.propertyweek.com/news/news-by-sector/retail/administrators-confirm-44-clinton-and-birthdays-closures/5037169.article The administrators to Clinton Cards have today confirmed the closure of 25 Birthdays and 19 Clinton Cards stores. Wed, 23 May 2012 15:32 GMT http://www.propertyweek.com/finance/lloyds-launches-second-giant-loan-portfolio-sale/5037161.article http://www.propertyweek.com/finance/lloyds-launches-second-giant-loan-portfolio-sale/5037161.article Lloyds Banking Group has launched the sale of a second giant portfolio of UK property loans, propertyweek.com can reveal. Wed, 23 May 2012 14:24 GMT http://www.propertyweek.com/news/news-by-sector/retail/knight-frank-poaches-top-savills-leisure-agent-to-launch-new-team/5037090.article http://www.propertyweek.com/news/news-by-sector/retail/knight-frank-poaches-top-savills-leisure-agent-to-launch-new-team/5037090.article Knight Frank has poached Savills’ director of UK leisure and retail investment as it prepares to launch a new leisure and out-of-town retail team. Wed, 23 May 2012 08:38 GMT http://www.propertyweek.com/professional/public-sector/cost-of-running-government-estate-slashed/5037133.article http://www.propertyweek.com/professional/public-sector/cost-of-running-government-estate-slashed/5037133.article The cost of running the central government estate was slashed by £278m in 2010/11, the Cabinet Office minister announced this morning. Wed, 23 May 2012 12:46 GMT http://www.propertyweek.com/news/nama-to-pump-€2bn-into-projects/5037105.article http://www.propertyweek.com/news/nama-to-pump-€2bn-into-projects/5037105.article Ireland’s National Asset Management Agency is to invest €2bn to bring forward Irish schemes, “in anticipation of future supply shortages in some market segments” and because its Irish assets have more potential than previously thought. Wed, 23 May 2012 11:07 GMT http://www.propertyweek.com/finance/great-portland-enjoys-bumper-financial-year/5037087.article http://www.propertyweek.com/finance/great-portland-enjoys-bumper-financial-year/5037087.article Great Portland Estates enjoyed a bumper 2011, generating net asset value growth of 11.9 %. Wed, 23 May 2012 07:34 GMT http://www.propertyweek.com/news/news-by-sector/retail/cbre-appointed-to-sell-oxford-street-receivership-block/5037181.article http://www.propertyweek.com/news/news-by-sector/retail/cbre-appointed-to-sell-oxford-street-receivership-block/5037181.article Receivers to an island block opposite Selfridges, owned by David Pearl and his Middle Eastern partners, have appointed CBRE to sell the asset. Wed, 23 May 2012 15:48 GMT http://www.propertyweek.com/news/news-by-sector/retail/gva-nabs-two-retail-investment-agents-from-capital-retail/5037172.article http://www.propertyweek.com/news/news-by-sector/retail/gva-nabs-two-retail-investment-agents-from-capital-retail/5037172.article GVA has recruited two new retail investment directors from Capital Retail to strengthen its existing team. Wed, 23 May 2012 16:15 GMT http://www.propertyweek.com/finance/shaftesbury-continues-to-impress-with-solid-first-half-figures/5037098.article http://www.propertyweek.com/finance/shaftesbury-continues-to-impress-with-solid-first-half-figures/5037098.article Shaftesbury this morning posted another good set of financial results, showing London’s West End is still a ‘different world’. Wed, 23 May 2012 09:46 GMT http://www.propertyweek.com/finance/private-equity-firm-snaps-up-former-blackrock-md/5037123.article http://www.propertyweek.com/finance/private-equity-firm-snaps-up-former-blackrock-md/5037123.article Private equity property company Henley Investments has snapped up the former head of investments at Blackrock’s £2bn UK Real Estate Fund. Wed, 23 May 2012 12:11 GMT http://www.propertyweek.com/news/news-by-region/west-midlands/supercar-dealer-parks-at-the-bullring/5037100.article http://www.propertyweek.com/news/news-by-region/west-midlands/supercar-dealer-parks-at-the-bullring/5037100.article Supercar dealership, The Torque Project, has chosen Birmingham’s Bullring Shopping Centre as the location for its Midlands showroom, TheBusinessDesk.com reported today. Wed, 23 May 2012 10:08 GMT http://www.propertyweek.com/news/news-by-sector/retail/burberry-to-grow-stores-as-sales-and-profits-jump-24/5037102.article http://www.propertyweek.com/news/news-by-sector/retail/burberry-to-grow-stores-as-sales-and-profits-jump-24/5037102.article Burberry has reported a 24% leap in total revenue to £1.9bn and plans to open 15 stores in the next year. Wed, 23 May 2012 10:50 GMT http://www.propertyweek.com/finance/quintain-and-wellcome-secure-shoreditch-finance/5037099.article http://www.propertyweek.com/finance/quintain-and-wellcome-secure-shoreditch-finance/5037099.article Quintain and the Wellcome Trust have secured a £70m financing for their iQ Shoreditch student accommodation scheme. Wed, 23 May 2012 09:55 GMT