Property Week

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  • Seven days @ PropertyWeek.com: 3 October 2014

    3 October 2014

    Round-up of stories from PropertyWeek.com over the past seven days

  • Seven days @ PropertyWeek.com: 26 September 2014

    26 September 2014

    Round-up of stories from the last seven days

  • ‘National scandal’ of public land sell-off

    19 September 2014

    The chief executive of developer Cathedral Group has warned that the sell-off of public land could be the next “national scandal” if assets are undersold.

  • IM Properties closes in on £100m deal for business park

    19 September 2014

    The Warwickshire-based company is expected to acquire Blythe Valley Park from French bank Natixis

  • Industry pays tribute to Land Securities’ City boss Roger Lister

    19 September 2014

    Tributes have poured in from the friends and family of Land Securities’ leasing director for London Roger Lister, who passed away earlier this month after a sudden illness.

  • Martin joins Westrock for new PRS opportunities

    19 September 2014

    Westrock has appointed Dominic Martin, formerly of the government’s PRS Taskforce, to provide strategic oversight to its PRS pipeline and operational platform.

  • Morrisons appoints new property chief

    19 September 2014

    Gordon Mowat has been appointed as the new group property and strategy director at supermarket Morrisons.

  • Seven days @ PropertyWeek.com: 19 September 2014

    19 September 2014

    Round-up of stories from the past week

  • TfL plans to convert London Underground HQ

    19 September 2014

    Transport for London (TfL) has unveiled plans to turn London Underground’s historic Westminster home into a mix of affordable, social and private housing.

  • People Moves: GVA regional appointments, Hub, Shelley Sandzer and more...

    12 September 2014

    Tom Southgate has been hired by Terence O’Rourke as a senior planner. He previously worked for the Borough of Poole. Dmitrij Burakevic has been employed as architectural designer.

  • Seven days @ Property Week, 5 September 2014

    5 September 2014

    Dev Secs buy Chippenham centre, Insurer buys Chancery Place, and more…

  • Students are Pure gold

    29 August 2014

    Carlyle Group’s £500m Pure portfolio is set to hit the market, cementing 2014 as the year of student housing.

  • Persimmon posts 57% profit rise

    19 August 2014

    Housebuilder Persimmon has announced a 57% rise in pre-tax profits in the six months to 30 June 2014, crediting the improving market for the increase.

  • Land Securities signs £267.8m Cabot Circus deal

    13 August 2014

    Axa Real Estate Investment Mangers has agreed to buy Land Securities’ half share in Cabot Circus shopping centre in Bristol city centre and surrounding interests for £267.8m.

  • Aker Solutions agrees record Scottish office lease

    12 August 2014

    Developer Abstract has completed a deal with oil company Aker Solutions for the lease of the whole of the first phase of Aberdeen International Business Park, totalling 335,000 sq ft.

  • Former RBS HQ sale paves way for mixed-use scheme

    8 August 2014 - TABLET EDITION

    The former Royal Bank of Scotland headquarters in Edinburgh, once owned by ex-owner of Hearts football club Vladimir Romanov, has been bought by Edinburgh-based developer Chris Stewart Group.

  • TIAA Henderson recruits global head of investor relations

    31 July 2014

    TIAA Henderson Real Estate (TH Real Estate), the specialist investment management company, has recruited Victoria Sharpe from Pramerica Asset Management as global head of investor relations.

  • Segro buys £50m sheds portfolio

    29 July 2014

    Segro has paid £49.5m for a portfolio of four Grade A warehouses in an off-market deal – three in the Midlands and one in East Anglia.

  • Selfridges owners snap up New Bond Street block

    28 July 2014

    The Weston family, owners of Selfridges, Primark and Fortnum & Mason, is buying the Royal Bank of Scotland on New Bond Street for £18.7m.

  • Soaring land values add 25% to HS2 bill

    25 July 2014

    The government faces mammoth hike in land assembly costs for first phase of High Speed 2 rail project.

  • Birmingham named as new HS2 headquarters

    21 July 2014

    The delivery body for the new High Speed 2 rail line is to make Birmingham its new home, in one of the biggest office lettings in the city in recent years.

  • Helical Bar makes £37m of sales

    14 July 2014

    Helical Bar has sold three assets in Suffolk, Cambridgeshire and Buckinghamshire for a combined total of nearly £37m.

  • Blow to Boris as PRS scheme opts for private sales

    11 July 2014

    A scheme trumpeted as a “major milestone” for the UK’s private-rented sector (PRS) market is expected to become a for-sale residential development in a major embarrassment for London mayor Boris Johnson.

  • Canadian investor set to buy £300m New Bond Street block

    10 July 2014

    Canadian investor Oxford Properties and Swiss luxury group Richemont are under offer to buy a £300m New Bond Street block.

  • Open Plan: the manifesto

    7 July 2014

    Property Week has long been an advocate for a diverse workforce in the industry. This is our campaign to make property more inclusive and more successful.

  • Govt announces £6bn growth fund allocations

    7 July 2014

    The government has announced the first instalments of its £12bn ‘growth deals’ in a bid to revitalise the UK’s regional markets.

  • The big summer sell-off

    04 July 2014

    RBS cashes in on frenzy for £735m Swallowtail retail portfolio

  • Rolls-Royce to expand with £70m manufacturing plant

    3 July 2014

    Rolls-Royce Motor Cars will move into new state-of-the-art manufacturing facilities on the south coast with the construction of a £70m industrial unit in Bognor Regis.

  • Urban Exposure in £500m IPO

    2 July 2014

    Residential lender Urban Exposure has this morning launched a £500m initial public offering on the London Stock Exchange.

  • Land Secs buys £700m Bluewater stake

    25 June 2014

    Land Securities has acquired a 30% stake in the Bluewater shopping centre, Kent, from Lend Lease for £656m.

  • Land Securities sells £152m centre

    24 June 2014

    Land Securities has completed the sale of The Bridges shopping centre in Sunderland.

  • GVA shareholders vote for Bilfinger deal

    23 June 2014

    GVA shareholders have voted in favour of a “strategic partnering” with international engineering, management and real estate firm Bilfinger.

  • People Moves: 20 June 2014

    20 June 2014

    Waldeck has announced the appointment of Alison Doubell as head of special projects. Doubell was previously a project director for Hitachi’s Intercity Express programme.

  • Regus hits the shops

    20 June 2014

    Regus and British Land deal will bring flexible office space to shopping centres.

  • Indian developer buys 22 Hanover Square for £155m

    19 June 2014

    Indiabulls Real Estate has bought JLL’s former office at 22 Hanover Square in London’s Mayfair for £155m.

  • Govt CO2 measures too complex, report finds

    18 June 2014

    Government policies to tackle carbon emissions are too complex and need to be better monitored, a report has found.

  • DTZ sale agreed

    16 June 2014

    A group of investors led by TPG Capital has agreed a deal to buy DTZ for A$1.22bn.

  • Lone Star puts last Opal portfolio up for sale

    12 June 2014

    Lone Star is bringing to market the last remaining student housing portfolio from the collapsed Opal Group of companies for around £290m.

  • Omni buys stake in Brookland Partners

    10 June 2014

    Omni Partners has bought a stake in Brookland Partners.

  • Government approves Shell Centre scheme

    9 June 2014

    The government has approved plans for the £1.2bn development of the Shell Centre on London’s South Bank.

  • Open Plan: the mission

    06 June 2014

    Look around you at an industry event and what do you see? A room full of skilled, experienced people that have successful careers in property, but not necessarily a group that represents the society in which we live.

  • Open Plan: the targets

    06 June 2014

    These targets will be debated by the Open Plan panelists in July and over the coming months to refine them and make them as achievable as possible. Do you think the focus is right? What have we missed?

  • Leslau’s £1.5bn Secure Income REIT admitted to trading

    5 June 2014

    Nick Leslau’s £1.5bn Secure Income Reit was admitted to trading this morning, as tipped by Property Week (16.4.14).

  • Lloyd’s considers building exit

    2 June 2014

    Lloyd’s of London is considering an exit from its iconic City headquarters – the Lloyd’s Building.

  • London house prices see record rise

    2 June 2014

    House prices in London leapt by 4.2% in April, the steepest monthly rise since records began in 1995, according to figures from the Land Registry.

  • Brookfield merges Gazeley to form new $3.5bn colossus

    28 May 2014

    Brookfield has joined together its two logistics arms to create a $3.5bn global logistics property platform called IDI Gazeley.

  • Tishman Speyer on point for £210m Paddington office

    28 May 2014

    Tishman Speyer is close to agreeing terms to buy office building The Point in Paddington Basin, west London, for around £210m at a yield of 5.5%, Property Week can reveal.

  • London & Regional joint venture sells €722m hotel portfolio

    27 May 2014

    A joint venture between London & Regional, US REIT Istar and Moor Park has sold a portfolio of 86 hotels for €722m.

  • Zoopla announces intention to float

    22 May 2014

    Residential estate agency Zoopla has announced its intention to float.

  • Kennedy Wilson swoops on Lloyds' Project Avon assets

    21 May 2014

    Kennedy Wilson Europe Real Estate has agreed to buy part of one of Lloyds Banking Group’s final UK non-performing loan portfolios, Project Avon, for £93.5m.

  • Winner picked for giant €4.4bn loan book

    20 May 2014

    Commerzbank has picked a preferred bidder to buy its €4.4bn Spanish commercial property loan and lending business, Property Week can reveal.

  • Student accommodation company to float

    13 May 2014

    A student accommodation specialist is the latest real estate company to announce its intention to float.

  • CBI warns on "unsustainable house price inflation"

    12 May 2014

    The CBI has today warned of the dangers of “unsustainable house price inflation” in the UK.

  • Evans to Edinburgh

    09 May 2014

    The long-awaited Haymarket redevelopment secures £100m funding from Evans Randall.

  • £400m MEPC strategy shift

    8 May 2014

    Sale of three mixed-use estates will fund developer’s move into science and technology

  • Whitbread secures planning for six new Premier Inns

    6 May 2014

    Whitbread Hotels & Restaurants has secured planning permission for 520 bedrooms across six locations for its Premier Inn format.

  • World’s most expensive flat sold

    02 May 2014

    Christian Candy’s CPC Group has sold its penthouse at One Hyde Park in a deal that makes it the world’s most expensive apartment ever, Property Week can reveal.

  • Grosvenor to enter Africa

    30 April 2014

    Grosvenor is considering entering the African market as it looks to seek long-term returns from the continent’s growth prospects.

  • New funding model agreed for £850m Edinburgh development

    29 April 2014

    TIAA Henderson Real Estate has agreed a deal with the City of Edinburgh Council and the Scottish government to kickstart an £850m development in Scotland’s capital.

  • Shillaw departs Aberdeen in restructure

    28 April 2014

    Lynda Shillaw is to leave Aberdeen Asset Management.

  • Troubled Co-op Bank offloads Brum Temple

    25 April 2014

    Birmingham’s Priory Court and Temple Court sold to L&G property fund.

  • European residential firm to list

    24 April 2014

    Domus, the European residential real estate company, is to list on Euronext in Amsterdam.

  • Patisserie Valerie to list on AIM

    23 April 2014

    The parent company of Patisserie Valerie is to list on AIM.

  • Student housing company Nido explores IPO

    22 April 2014

    High-end student accommodation provider Nido is exploring options for the future of the company which could include floating on the London Stock Exchange.

  • Card Factory to float

    22 April 2014

    Retailer Card Factory has announced its intention to float on the London Stock Exchange, with shares being offered to institutional investors.

  • Shaftesbury agrees new 15-year loan

    22 April 2014

    Property investment company Shaftesbury has agreed a new £134.75m 15-year loan with Canada Life Investments and has completed its refinancing with Lloyds Banking Group.

  • Grainger buys £160m Brandeaux portfolio

    16 April 2014

    Grainger has bought a £160m portfolio of residential property in Knightsbridge and Chelsea for £160m.

  • Helical Bar acquires £40m logistics portfolio

    15 April 2014

    Helical Bar has bought a mixed-use portfolio of 10 properties from IM Properties for £40.15m, an 8.35% net initial yield.

  • Quintain forms Wembley resi JV

    14 April 2014

    Quintain has formed a joint venture with Keystone Developers, a Swiss property and private equity family office, to deliver the next 306,000 sq ft phase of residential development at Wembley Park.

  • People Moves: 11 April 2014

    11 April 2014

    Colliers International has expanded its planning and development consultancy team at its Manchester office to five with the recruitment of Miranda Steadman and Jonathan Edwards.

  • Property industry says 'No' to Union separation

    11 April 2014

    More than 80% of property professionals think separation would negatively impact on investment in Scotland.

  • £750m Fosse Park portfolio up for sale

    10 April 2014

    A portfolio of regional retail parks and malls, including one of the country’s top out-of-town schemes, Fosse Shopping Park, is being primed for a potential sale with a price tag of around £750m.

  • Former CLS chief to launch £150m IPO

    9 April 2014

    The former chief executive of CLS Holdings Richard Tice is to launch an initial public offering.

  • Shaw rejoins Stanhope

    8 April 2014

    Alistair Shaw has rejoined Stanhope as managing director of the Television Centre redevelopment, having left the company last year.

  • Google seals King’s Cross deal

    8 April 2014

    Google has signed for 165,000 sq ft at Axa Real Estate’s 6 St Pancras Square in King’s Cross.

  • People Moves: 04 April 2014

    04 April 2014

    Lambert Smith Hampton has made three appointments to its national valuation team. Joining as associate directors are Matthew Lemin (pictured), previously with GL Hearn, and Riaan Fourie, previously with DTZ, while Matthew Armstrong joins as a surveyor.

  • Property Week Podcast: DevSecs chiefs and Travelex founder Lloyd Dorfman talk shop

    04 April 2014

    The founder of currency exchange giant Travelex and the people in charge of running Development Securities joined James Max this month for the Property Week Podcast.

  • British Land secures new £785m debt facility

    3 April 2014

    British Land has secured a new £785m revolving credit facility with a syndicate of 14 banks.

  • Project Stone and Sand winners named

    2 April 2014

    The sale of loans within the IBRC projects Stone and Sand have been completed, meaning 90% of the €21.7bn loan book has now been sold.

  • US Cutts deal

    28 March 2014

    Sheds legend John Cutts has secured backing from one of the US’s largest institutional investors for a European and UK logistics comeback.

  • ‘Super-councils’ with planning powers could revive regions

    27 March 2014

    The government should hand more powers to combined regional authorities or face an increasing gulf between the economic success of London and other urban areas, Centre for Cities has warned.

  • M&S property director to leave

    25 March 2014

    Marks & Spencer’s head of property Clem Constantine will be leaving the firm this summer as the retailer scales back its general merchandise expansion plans.

  • £500m Noé receivership

    21 March 2014

    A £500m regional portfolio, which is understood to be owned by property dynasty the Noé family, has gone into administrative receivership and fixed- charge receivership.

  • Intu completes £867.8m shopping centre triple

    20 March 2014

    Intu has agreed to buy Westfield’s Sprucefield retail park, on top of Westfield Derby and a 50% stake in Westfield Merry Hill, in a trio of deals worth £867.8m.

  • £160m luxury mansion on market in St James’s

    19 March 2014

    The head office of the Royal College of Pathologists is set to come to market for conversion into a luxury mansion worth more than £160m.

  • Berkeley’s building to smash pre-crash level

    18 March 2014

    Housebuilder Berkeley is set to exceed its pre-crash building targets by 30% as it continues to perform well.

  • Middle Eastern cash injection for Fizzy Living

    11 March 2014

    Fizzy Living has secured £200m of capital funding from the Abu Dhabi Investment Authority (ADIA), as tipped by Property Week last November

  • Nick Candy: "We'll be selective in how we franchise our brand globally"

    07 March 2014

    Residential developer to the world’s rich and famous Nick Candy has declared London the greatest city on the planet in a wide-ranging conversation for the Property Week International podcast, covering everything from his favourite global hotels to his relationship with Holly Valance.

  • Property Week North-west supplement

    07 March 2014

    So far 2014 is looking rosy for the north-west.

  • US behemoth forms partnership for Euston station mega-project

    07 March 2014

    Hudson Yards developer Related Companies forms partnership with Sydney & London for 35 acre scheme

  • Henderson veteran to hang up boots

    6 March 2014

    Patrick Sumner, Henderson Global Investors’ head of global equities, is to retire at the end of June.

  • Birmingham NEC for sale

    5 March 2014

    Birmingham City Council has confirmed it will sell the NEC Group, which comprises the National Exhibition Centre, the International Convention Centre, the LG Arena and the National Indoor Arena.

  • MPs call for evidence of Portas spending and business rates reform

    4 March 2014

    A group of MPs has called on the government to provide information on how money aimed at Britain’s floundering high streets has been spent, and has recommended ministers undertake a fundamental review of the business rates system.

  • Britain's Best Agents 2014

    28 February 2014

    Click to see Property Week’s Britain’s Best Agents listings: the Top 15 residential agents, Top 50 leasing agents and Top 50 investment agents.

  • Segro NAV edges up 6.1%

    26 February 2014

    Segro reported a net asset value per share rise by 6.1% to 312p per share in its full annual results this morning.

  • Kennedy Wilson dealings commence

    25 February 2014

    Kennedy Wilson Europe Real Estate has announced the successful closing of its £910m share issue.

  • Economic growth

    21 February 2014

  • Avarage salary

    21 February 2014

  • Salary increase

    21 February 2014

  • Change of employer

    21 February 2014

  • Gender age and location

    21 February 2014

  • Bonuses: more with less

    21 February 2014

    The number of UK property professionals who have received a bonus grew from 39% to 40%.

  • Gender gap: still too wide

    21 February 2014

    One slight victory demonstrated by the survey is that the gender pay gap narrowed ever so slightly between 2013 and 2014.

  • Peel’s shed first

    21 February 2014

    North-west developer to create UK’s biggest logistics land bank with ports arm and Harworth Estates

  • Property Week Sheds supplement

    21 February 2014

    Development is on the up in 2014, suggests the findings of RICS’ and Macdonald & Company’s annual salary survey, published in this week’s issue of Property Week.

  • Salaries: seven-year high

    21 February 2014

    The improvement in overall confidence boils down to increases in average salaries across the board.

  • Staff: musical chairs predicted

    21 February 2014

    Employers be warned: job satisfaction might have risen, but the number of property professionals who may look to change jobs this year has also increased — 37% of respondents are either very or fairly likely to move job in the next 12 months, which is a steady rise from 30% since 2007.

  • Shoreditch and Spitalfields outperform West End and City

    20 February 2014

    Tech-central Shoreditch outperformed the City and West End in 2014, as London’s technology boom saw fringe markets outperforming more conventional locations for investment.

  • DTZ's head of UK retail agency poached by CBRE

    19 February 2014

    DTZ’s head of UK retail agency has quit the firm and is believed to be joining CBRE, taking two of his team with him, Property Week can reveal.

  • Retailers unveil plan for sweeping rates reform

    18 February 2014

    Business rates would be based on energy consumption, not property use, under radical proposals unveiled today.

  • UGL evaluates unsolicited bids for DTZ

    17 February 2014

    UGL has received unsolicited third party interest for DTZ which it is now evaluating to see if this presents the best offer for the business.

  • GVA in advanced talks with German firm

    11 February 2014

    GVA is in talks to sell the business to a listed German firm, Property Week can reveal.

  • Colliers buys top retail agency

    10 February 2014

    Colliers International is understood to have agreed a deal to buy rival agency Briant Champion Long.

  • Oaktree buys south east resi developer

    5 February 2014

    Oaktree Capital Management has bought housebuilder Millgate Developments, just one year after buying Countryside Properties.

  • Cushman & Wakefield sells European fund management business

    4 February 2014

    Cushman & Wakefield has sold its European fund management business.

  • Kennedy Wilson's £750m float of confidence

    31 January 2014

    US investor Kennedy Wilson to launch biggest IPO since downturn

  • People Moves: 31 January 2014

    31 January 2014

    Capita has announced three board appointments. Alastair Murray (pictured) will rejoin the company as executive director for corporate development in its property and infrastructure business.

  • GVA HQ up for sale

    30 January 2014

    Hong Kong private equity firm Joint Treasure has put GVA’s current headquarters in Mayfair up for sale as a residential conversion.

  • Bidder picked for giant AstraZeneca site

    28 January 2014

    AstraZeneca has picked a preferred bidder for its 350 acre redevelopment project in Cheshire, Property Week can reveal.

  • Reuters newsflash

    24 January 2014

    Cushman & Wakefield tasked with 700,000 sq ft London HQ search

  • Land Secs makes two London office starts

    22 January 2014

    Land Securities has committed to start development of two new London offices, totalling 363,700 sq ft.

  • NewRiver to raise £75m for secondary retail

    21 January 2014

    NewRiver Retail has announced a fundraising to provide £75m of equity to snap up secondary retail assets in the UK regions.

  • Housing hush fund

    17 January 2014

    Treasury seeks housebuilders to pilot proposals to pay off local residents that oppose development

  • People Moves: 17 January 2014

    17 January 2014

    Turner & Townsend has appointed Paul Nash as a director in the London office. He joins from Aecom, where he led the corporate solutions and hotels sectors.

  • Chinese investment in to Europe triples

    15 January 2014

    Chinese investment in to European property in 2013 tripled compared to the year before.

  • Unite plans £31m Newcastle resi scheme

    14 January 2014

    Student accommodation provider Unite has bought a site in Newcastle city centre where it plans to build a 200,000 sq ft scheme.

  • Cerberus’s pub haul

    10 January 2014

    US private equity firm doubles investment in pubs with £200m portfolio buy from Reubens, Leslau and Hunter

  • Redefine International taps in to US retail investor market

    8 January 2014

    Redefine International has launched an American Depository Receipt programme, allowing it to access the “over-the-counter market” for its shares in the US.

  • Oligarch angels

    20 December 2013

    Russian-backed LetterOne kicks off $2bn real estate spree with London prime residential financing

  • Berkeley cooks with gas

    13 December 2013

    St James subsidiary nears second National Grid deal with purchase of huge Battersea gas holders.

  • CapCo secures go ahead for Covent Garden plans

    11 December 2013

    Capital & Counties has received planning consent from Westminster City Council for its proposals to transform the space between King Street and Floral Street within the Covent Garden estate.

  • Canary Wharf Group unveils plans for 22.8 acre scheme

    10 December 2013

    Canary Wharf Group has unveiled its plans and submitted a planning application for the 22.8 acre New Wood Wharf development, a mixed use scheme on Canary Wharf’s eastern edge.

  • More London sold for £1.7bn

    9 December 2013

    St Martins has exchanged contracts to buy More London for around £1.7bn from London Bridge Holdings.

  • Sloane changer

    6 December 2013

    Chelsfield plans luxury retail scheme on 1 acre between Harrods and Harvey Nichols

  • Westfield buys $800m stake in World Trade Centre

    5 December 2013

    Westfield is to buy the remaining 50% of the retail component of New York’s World Trade Centre for around $800m.

  • Business rates cap expected ahead of Autumn Statement

    4 December 2013

    Chancellor of the Exchequer, George Osborne is expected to announce a cap on business rates in the Autumn Statement tomorrow.

  • Land Secs' Akers to stand down

    3 December 2013

    Land Securities’ retail portfolio director Richard Akers is to step down from the board, the REIT announced today.

  • Pullen hearing to start tomorrow as witness list revealed

    2 December 2013

    The employment tribunal case brought by former CBRE employee Matt Pullen is due to start tomorrow, with a number of high profile witnesses due to take the stand.

  • Delancey and APG buy £80m Elephant & Castle shopping centre

    2 December 2013

    Delancey and APG have formed a joint venture to deliver rental homes in 600-unit clusters across London, starting with a ‘South Village’ in Elephant & Castle.

  • Hammerson readies $450m recovery play

    29 November 2013

    Hammerson has raised $450m from US institutional investors, as it positions itself to take advantage of a recovery in the consumer economy.

  • Shaftesbury posts improved NAV and rental income

    27 November 2013

    Growth in Shaftesbury’s income and revenue has been tempered by the amount of redevelopment activity across the portfolio, particularly in Carnaby, its chief executive Brian Bickell said today.

  • RBS property division attacked

    25 November 2013

    Royal Bank of Scotland’s property restructuring division has been attacked in a report commissioned by business secretary Vince Cable, and could by investigated by financial regulators.

  • Fizzy Giving

    22 November 2013

    Abu Dhabi sovereign wealth fund poised to fund private-rented developer’s push into build to rent

  • FREE Property Week Analytics report

    22 November 2013

  • Aberdeen global head of property leaves post SWIP buy

    21 November 2013

    Aberdeen Asset Management’s global head of property has left the company by mutual consent.

  • Almacantar unveils £520m Marble Arch Tower plans

    20 November 2013

    Almacantar has unveiled its plans for the redevelopment of Marble Arch Tower, in London’s West End.

  • Big Yellow weathers VAT storm

    19 November 2013

    Self storage provider, the Big Yellow Group has said today that impact of the introduction of VAT has been offset by “underlying growth.”

  • Irish tycoon’s Canary coup

    15 November 2013

    Thomas Ryan buys Docklands site for £850m residential skyscraper

  • CBRE acquires £250m UK firm

    13 November 2013

    CBRE has entered into a definitive agreement to acquire Norland Managed Services for £250m.

  • Land Secs posts 3.8% NAV growth

    12 November 2013

    Land Securities has reported a strong set of half year results, with adjusted net asset value up 3.8% since September 2012.

  • Chinese to buy Chiswick Park

    11 November 2013

    China Investment Corporation is to buy Chiswick Park from Blackstone for around £800m.

  • People moves: 08 November 2013

    08 November 2013

    Savills has appointed Tony Gale, who will join the company in a consultancy capacity within the corporate real estate team.

  • Abercrombie & Fitch to close Gilly Hicks stores

    6 November 2013

    Abercrombie & Fitch has announced that it will close all of its standalone lingerie stores called Gilly Hicks.

  • Google goes back to the drawing board on Kings Cross

    5 November 2013

    Google has decided to shelve its current plans at Kings Cross to come up with an even more ambitious design for its London headquarters, Property Week can reveal.

  • Quintain announces £230m disposal to JV partner

    4 November 2013

    Quintain has entered into a conditional sale and purchase agreement with Knight Dragon for the sale of its remaining interests in Greenwich Peninsula Regeneration Limited.

  • Red Nev's Dream Team

    01 November 2013

    Gary Neville and Ryan Giggs are investing in a joint venture that proposes to bring forward nearly 500,000 sq ft of development in central Manchester, as well as providing the city with a brand new synagogue.

  • Landmark 310,000 sq ft pre-let for City market

    31 October 2013

    A financial services firm has agreed a giant pre-let for the first time in the City of London since the downturn, Property Week can reveal.

  • Cushman & Wakefield appoints new chief exec

    30 October 2013

    Cushman & Wakefield has announced the appointment of a new UK chief executive.

  • Government to launch Islamic bond linked to property

    29 October 2013

    The government is expected to announce plans today to issue the first Islamic bond outside the Muslim world to encourage Islamic investment into the UK.

  • Royal London makes £40.6m Scotland splash

    28 October 2013

    Royal London Asset Management has bought an 88,000 sq ft Sainsbury’s on Back O’Hill Road, Stirling in Scotland for £40.6m.

  • Billionaires grow

    25 October 2013

    Five acre redevelopment site on one of London’s most prestigious streets, sold by Saudi royal family for £80m

  • Mansion Group suspends student fund

    24 October 2013

    Student housing provider Mansion Group has suspended its student accommodation fund and closed it to redemptions.

  • GVA in play

    23 October 2013

    GVA could be sold, floated or refinanced in a deal that would value the company at between £120m and £180m.

  • Patron and Dev Secs for £20m profit

    21 October 2013

    Patron Capital and Development Securities have sold the Phones 4u Arena in Manchester for £82.1m to Mansford Real Estate.

  • Top Savills City agent departs for rival

    17 October 2013

    Cushman & Wakefield has hired City investment agent James Crawford from Savills. 

  • WHR co-founder Hawkins departs for global agency

    16 October 2013

    Michael Hawkins, one of the UK’s best-known regional agents, is to join Colliers International as a partner in its national offices team, based in Manchester, Property Week can reveal.

  • Osborne in Beijing heralds £800m Argent scheme for Manchester

    14 October 2013

    Manchester Airports Group has agreed a joint venture agreement with Beijing Construction Engineering Group, Carillion PLC and the Greater Manchester Pension Fund in relation to the development of the £800 million Airport City project at Manchester Airport. 


    11 October 2013

    Land Securities and M&G Real Estate in talks to form joint venture for £500m town centre regeneration

  • PWC hires former Oxford Properties chief

    10 October 2013

    PWC has appointed Simon Marriott as director in its real estate asset management team.

  • Verdict delivered on 1.4m sq ft South Bank scheme

    9 October 2013

    Plans for a residential, office and retail development totalling 1.4m sq ft on London’s South Bank have been approved.

  • EXPO 2013: New York tops global property investment market

    8 October 2013

    New York has retained the title of being the largest global real estate investment market for the third consecutive year, with volumes rising by 39%.

  • Intu buys 800,000 sq ft mall and plans new REIT

    7 October 2013

    Intu Properties and Canada Pension Plan Investment Board are together buying Parque Principado Shopping Centre in Oviedo, Spain, for €141.5m, as part of a wider plan to increase its investment in Spain, including exploring the creation of a Spanish REIT.

  • Podcast: "I was no longer that chap in retail. I was everybody’s boss." JLL UK chief Grainger confides

    4 October 2013

    Jones Lang LaSalle UK chief executive Guy Grainger and former Grosvenor chief Stephen Musgrave joined presenter James Max in this month’s Property Week podcast.

  • Blackstone completes on Multi Corp

    3 October 2013

    Blackstone has finalised its acquisition of European shopping centre developer Multi Corporation.

  • Hines lets 23,500 sq ft in Two Snowhill

    2 October 2013

    Hines has completed a 23,500 sq ft letting at Two Snowhill in Birmingham.

  • Planners give verdict on 1.4m sq ft South Bank scheme

    1 October 2013

    Planning officers at Southwark council have delivered their recommendation for the demolition and redevelopment of The Carlyle’s Group Ludgate and Sampsom House scheme on the South Bank, 10 months after the plans were submitted.

  • Tesco's US brand files for bankruptcy

    1 October 2013

    Tesco has put its US-based Fresh & Easy into Chapter 11 bankruptcy proceedings as part of a planned sale to Los Angeles billionaire Ron Burkle’s Yucaipa Cos.

  • Profits rise on UK strength at Knight Frank

    30 September 2013

    Profits rose 7% to £103m in the year to 31 March at Knight Frank, driven by the strength of its UK business.

  • Shell: sure of north-west

    27 September 2013

    Langtree beats Peel and St Modwen to develop new town at Carrington — region’s biggest brownfield project

  • Countrywide to buy Lambert Smith Hampton

    26 September 2013

    Countrywide is set to buy Lambert Smith Hampton for £34.1m.

  • Henderson raises €230m for German logistics

    25 September 2013

    Henderson Global Investors has raised €230m for its German Logistics Fund.

  • Miliband will promise to freeze business rates

    24 September 2013

    Ed Miliband has signalled his party’s intentions to help British businesses as it emerged that he will announce a Labour government would freeze business rates.

  • Delancey closes in on £500m off-market St Botolph’s sale

    23 September 2013

    Delancey and Ares Capital Corporation are nearing the first significant sale from their joint purchase of Minerva in 2012, with an off-market disposal of St Botolph’s in the City of London to a German fund, Property Week can reveal.

  • 18 sites, £22m, one big headache

    20 September 2013

    The off-market sale of land from a Welsh government fund to a Guernsey-based company has sparked its temporary closure and an investigation into the way it was run. Hannah Brenton reports

  • Oxford Street fight

    20 September 2013

    Brockton Capital defends claim from Gracemark over fees for purchase of £110m Royal Mail development

  • Heron Tower sale pondered after shareholder bust-up

    19 September 2013

    A sale of Gerald Ronson’s Heron Tower in the City of London has become a possibility after refinancing negotiations fell apart between Heron’s US investors and its Middle Eastern joint venture partners.

  • Helical Bar buys £50m regional portfolio

    18 September 2013

    Helical Bar has bought the Quartz Portfolio, comprising 10 regional properties, for around £50m.

  • Top trio quits CBRE Global Investors to launch new property company

    17 September 2013

    CBRE Global Investors’ EMEA head of investor services, Giles King, is leading a trio of senior departures from the fund management giant who will be launching a new fund manager, Property Week can reveal.

  • Crown buys Newcastle shopping park for £131m

    16 September 2013

    The Crown Estate has paid £131m to buy 100% of the Silverlink Shopping Park in North Shields, near Newcastle, as tipped by Property Week.

  • Recovery Special Podcast: Ian Marcus on Lehman, Wells Fargo, "spreadsheet hell" and who read the cycle best

    15 September 2013

    “The art of good banking isn’t lending money. It’s making sure it gets repaid.”

  • A History of Modern Property

    13 September 2013

    A chronicle of four decades of property in the modern era to help readers of all ages learn from previous property cycles.

  • Recovery Special Podcast: Brockton's David Marks on HBOS, London pubs and "heroin-like" debt

    13 September 2013

    Brockton Capital co-founder David Marks has spoken of the day he turned down a 99% loan-to-value deal before the market crashed, and the “heroin-like” debt that was fuelling the investment world during the 2006-07 boom.

  • Facebook likes British Land’s Regent’s Place

    13 September 2013

    Social media network under offer to expand into 90,000 sq ft at 10 Brock Street

  • People Moves: 13 September 2013

    13 September 2013

    Quadrant Estates has appointed James Bidwell as associate director to focus on retail asset management. He was previously an asset manager at Hark Group.

  • Whiteleys Queensway sold for £100m

    12 September 2013

    Standard Life Investments UK Shopping Centre Trust has completed the sale of Whiteleys Shopping Centre in Queensway, west London, to a private family office from Brunei, in an off-market deal for more than £100m.

  • Kier reports revenue drop but property focus

    12 September 2013

    Development company Kier has posted a slight drop in revenue and profit from last year, in its first set of results since restructuring the management of its property division and acquiring road maintenance group May Gurney.

  • PWTV: John Forrester "In early 2007 all things seemed possible. It was just a very exciting time..."

    12 September 2013

    John Forrester, chief executive of the Europe, Middle East and Africa, DTZ describes the atmosphere in the market pre-crash.

  • One Hyde Park flat in receivership

    11 September 2013

    A flat at One Hyde Park has been put into receivership.

  • PWTV: Ian Coull “The change was more dramatic than anything that had happened in my career”

    11 September 2013

    Ian Coull, founder of Ian Coull Consulting and the former chief executive of Segro spoke to Property Week about his memories of that time.

  • Sports Direct's head of property quits to join rival start up

    10 September 2013

    Sports Direct’s head of property has quit the retailer to join a rival start up.

  • PWTV: Aubrey Adams “People in the industry had no idea what was going on in the financial markets"

    10 September 2013

    Aubrey Adams, global head of property, RBS Global Restructuring Group looks back at the months leading up to the collapse of Lehman Brothers.

  • Property sector could recoup £10bn bank mis-selling windfall

    9 September 2013

    Property borrowers are in line to recoup between £5bn and £10bn from lenders due to complex interest swaps put in place at the height of the market.

  • The recovery starts here…

    9 September 2013

    As economic indicators and the property sector show signs of recovery, Propertyweek.com this week looks back at the five years since the collapse of Lehman Brothers.

  • PWTV: Patrick Vaughan "The runes were there to be read mid-decade"

    9 September 2013

    In the first of a daily series on PWTV, Patrick Vaughan, executive chairman, LondonMetric speaks to finance editor David Hatcher about his memories of the collapse of Lehman.

  • Recovery Special Podcast: Alistair Darling on dark days at Downing Street and Lehman Brothers' “unbelievable” collapse

    6 September 2013

    Former chancellor of the exchequer Alistair Darling talked to Property Week about the 2007-08 banking crisis, his conversations with US treasury secretary Hank Paulson, and what it was like to be woken up with an “unbelievable” call about the bankruptcy of Lehman Brothers.

  • People Moves: 06 September 2013

    6 September 2013

    David Menzies Associates has hired Alan Kleinman as a consultant specialising in investment property. He was previously with Vail Williams.

  • Property Week's Manifesto for Residential

    6 September 2013

    Ahead of the political conference season, Property Week sets out its policy for the residential sector

  • Westfield’s home start

    6 September 2013

    Westfield is preparing to sell half of its stake in the vast residential element of its White City extension in west London to enable it to start development of more than 1,500 homes.

  • M&G Real Estate in £198m retail asset swap with BP Pension Fund

    5 September 2013

    M&G Real Estate has completed a £198m off-market retail asset swap with BP Pension Fund.

  • Grimsey reveals alternative high street review

    4 September 2013

    Former Iceland and Wickes retailer Bill Grimsey is due to present his Alternative Future for the High Street review to MPs this afternoon which outlines 31 recommendations on how to save UK town centres.

  • Portas attacks upward only rent reviews

    3 September 2013

    Mary Portas has attacked upward only rent reviews as seriously damaging to retail innovation and regeneration and warned that her call for exceptional sign off of out-of-town developments “needs a complete rethink”.

  • Bill Grimsey reveals 31 recommendations to save town centres

    2 September 2013

    Bill Grimsey has revealed the 31 key recommendations outlined in his alternative high street review, which is due to be published in full on Wednesday.

  • West End asset sold for £99.9m

    2 September 2013

    Residential developer Alchemi Group has exchanged contracts to buy Great Minster House North for £99.9m.

  • Barclays' Manc

    30 August 2013

    Barclays poised to choose Carlyle scheme over Ask’s First Street as occupational recovery spreads

  • People Moves: 30 August 2013

    30 August 2013

    The Confederation of British Industry in Wales has appointed Chris Sutton, lead director of Jones Lang LaSalle’s Cardiff office, as president from January 2014. In the interim he will be vice-chairman.

  • Unite increases NAV in first half of 2013

    29 August 2013

    Student housing group Unite increased its net asset value per share by 3.1% during the first six months of 2013.

  • Industrial company enters administration

    28 August 2013

    Industrial asset manager Warner Estate Holdings is to be placed into administration after Aviva Investors withdrew its support for the company’s management of Aviva’s £460m Ashtenne Industrial Fund and appointed a new asset manager.

  • Foxtons to raise £55m with September float

    27 August 2013

    Foxtons, the high-end estate agency bought at the top of the market by private equity group BC Partners, will be floated in September to raise around £55m that will wipe out the company’s debts.

  • £1bn council sale could result in subsidies

    23 August 2013

    Up to £1bn in public property receipts could be re-invested into frontline services, under radical government new measures designed to prevent councils from hoarding assets.

  • GIC buys into 2m sq ft of City redevelopment opportunities

    23 August 2013

    Singapore’s GIC will gain exposure to more than 2m sq ft of City of London refurbishment and redevelopment opportunities as a result of its decision to buy Blackstone’s half-share in Broadgate.

  • People Moves: 23 August

    23 August 2013

    Savills has recruited Jennifer Yates for its national management team, based in its Leeds office.

  • Standard Life in £71m Chiswick Park play

    22 August 2013

    Standard Life is to buy television shopping channel QVC’s headquarters at Chiswick Park in west London for a sum above the asking price in one of the most sought after office deals outside of central London.

  • Primary Health Properties sees 12.9% NAV jump

    22 August 2013

    Primary Health Properties saw its net asset value per share increase by 12.9% to 265.9p over the six months to 30 June.

  • Far Eastern fund to buy £1.7bn Broadgate stake

    21 August 2013

    One of the world’s biggest sovereign wealth funds has agreed a deal to buy a 50% stake in Broadgate from Blackstone for £1.7bn, Property Week can reveal.

  • Westminster delivers Admiralty Arch verdict

    21 August 2013

    Westminster City Council has granted consent for the conversion of Admiralty Arch into a five star hotel.

  • M&G fund buys Leeds office for £29m

    20 August 2013

    M&G’s Property Portfolio fund has bought an 88,200 sq ft Leeds office development for £29m.

  • Hines gets permission for Manchester offices

    20 August 2013

    Hines has been given the green light for its 14-storey Manchester office debut.

  • Blackstone to raise $5bn European fund

    20 August 2013

    Blackstone’s real estate arm has begun raising a new European fund to target up to $5bn of investment.

  • Sainsbury’s Bank signs 80,000 sq ft Edinburgh office deal

    19 August 2013

    Sainsbury’s Bank has signed for new offices at Edinburgh Park in West Edinburgh to accommodate expansion plans, after its J Sainsbury’s parent company announced plans to buy Lloyds Banking Group’s 50% share of in the bank.

  • Ministry of Defence to sell £100m War Office

    19 August 2013

    Defence secretary Philip Hammond has confirmed that the Old War Office is to be put up for sale.

  • A light in Leeds

    16 August 2013

    One of the UK’s boldest residential projects of the boom, which was put into liquidation during the recession, is to be reborn as an office scheme through new owners as the recovery spreads to the regions.

  • KKR takes in the shires

    16 August 2013

    One of the world’s largest private equity firms has set its sights on a “multi-billion-dollar” global property platform, and now has the UK’s regions firmly within its crosshairs.

  • “Lumiere” Leeds site sold to local businessmen

    15 August 2013

    A consortium of private investors is to buy the 1.5 acre former “Lumiere” site in Leeds for a figure understood to be around £5m.

  • Pullen steps down from board of Capital & Regional

    14 August 2013

    One of the founders of Capital & Regional, Xavier Pullen, has today announced that he will step down from the board.

  • Ask Developments chief executive steps down

    13 August 2013

    The long-standing chief executive and co-founder of Manchester’s Ask Developments is standing down from the role “with immediate effect”.

  • DTZ set for Sydney listing

    12 August 2013

    Australian engineering and property services firm UGL today announced plans to list DTZ on the Sydney stock exchange by 2015 following a demerger, as the parent company’s profits took a significant tumble.

  • Podcast: Property Maketh the Manns

    9 August - iPad edition

    In this month’s podcast, James Max interviews managing director of Urbanest, Johnny Manns, and Ken Shuttleworth, founder of architecture practice Make.

  • Blackstone & Sovereign Land to buy £190m Scottish mall

    8 August 2013

    Blackstone and Sovereign Land are understood to have fought off competition to be selected as the preferred bidder for the St Enoch shopping centre in Glasgow, Property Week can reveal.

  • Savills sees profits surge by 25%

    8 August 2013

    Savills reported a 25% rise in group profit before tax to £21.4m in its half year results this morning.

  • Easygroup buys Croydon block for easyFoodstore

    7 August 2013

    Easygroup has completed the purchase of a building in Croydon that it plans to use as a pilot for its new easyFoodstore chain.

  • KPMG agrees 200,000 sq ft Canary Wharf move

    6 August 2013

    KPMG has agreed a deal to occupy 200,000 sq ft in Canary Wharf, replacing its Salisbury Square office from 2015.

  • Greggs puts rapid expansion on hold

    6 August 2013

    Greggs has revealed that it will now focus for the next two to three years on refitting its existing estate rather than further rapid expansion, following a strategic review.

  • IERET refinancing: "No guarantee of success”

    5 August 2013

    The board of Invista European Real Estate Trust warned that there is “no guarantee of success” in refinancing the company’s €243.7m debt facility that matures at the end of the year.

  • A Liberal dose of scepticism

    2 August 2013

    Liberal Democrat deputy leader Simon Hughes wants to curb foreign residential purchasing power and prioritise affordable housing. Hannah Brenton met him. Portraits by James Bolton

  • West End bestseller

    2 August 2013

    A Danish billionaire retail dynasty has snapped up a property in the heart of London’s Oxford Street for just more than £100m, which could unlock a potential redevelopment opportunity.

  • Orchard Street under offer for offices portfolio

    1 August 2013

    Orchard Street Investment Management has gone under offer to buy a property portfolio of five offices for around £36m.

  • GPE to make £61m sale

    31 July 2013

    Great Portland Estates has this morning announced its intention to sell 90 Queen Street, EC4 for £61m.

  • CapCo increases NAV by 14%

    30 July 2013

    CapCo has increased its adjusted and diluted net asset value by 14% to 232p per share in the first half of the year.

  • Hammerson drops Sheffield development

    29 July 2013

    Hammerson has announced that it will no longer progress with its Sevenstone retail redevelopment in Sheffield, as it also reveals a further £78m injection into Value Retail’s European designer outlet villages.

  • China’s Crystal Palace

    26 July 2013

    A billionaire Chinese developer has submitted radical plans to rebuild the Victorian Crystal Palace that housed the Great Exhibition of 1851.

  • Helical secures £35m Whitechapel opportunity

    25 July 2013

    Helical Bar is close to buying a 120,000 sq ft warehouse refurbishment opportunity in the improving area of Whitechapel, Property Week can reveal.

  • Barratt & British Land's £250m Aldgate approval

    24 July 2013

    Tower Hamlets council has resolved to grant planning consent for a £250m residential-led scheme in Aldgate that is proposed by Barratt Developments and British Land.

  • Law firm signs 140,000 sq ft City letting

    23 July 2013

    Law firm CMS Cameron McKenna has ended several years searching the City of London market for a new headquarters by signing a 25 year lease on 140,000 sq ft in Cannon Place.

  • MPs criticise £482m loss on regional fire centres

    23 July 2013

    MPs have criticised a project to build new regional fire centres across England today, warning that at least £482m has been wasted.

  • Eastdil’s marksman

    19 July 2013

    US broker Eastdil Secured has hired one of property’s best-known investment bankers as part of its assault on the UK agency world.

  • People Moves: 19 July

    19 July 2013

    Brassington Rowanthe Leeds-based retail practice has appointed Richard Webster in its senior surveyor team.

  • Energy firm signs £120/sq ft Mayfair lease

    18 July 2013

    Noble Corporation, one of the world’s largest offshore drilling contractors, has signed a £120/sq ft lease on Devonshire House in Mayfair in one of six lettings at the building, totalling 32,000 sq ft.

  • GPE announces Oxford Street deals

    17 July 2013

    Great Portland Estates has today announced a duo of central London deals totalling £91.5m.

  • Ask considers Airport City JV legal action

    16 July 2013

    Ask Real Estate is seeking legal advice over its perceived exclusion from the search for a joint venture partner for the £650m Manchester Airport City.

  • Cap & Reg sells £153m of property

    15 July 2013

    Capital & Regional’s Mall Fund has sold two shopping centres “at a modest discount” to book value for a combined total of £152.5m, in a pair of deals originally tipped by Property Week.

  • If the cap fits ...

    12 July 2013

    On the buses was the obvious choice of headline for last week’s feature on Mike Slade and John Slade’s City tour (workplace, 05.07.13).

  • Is property homophobic?

    12 July 2013

    Homophobic prejudice remains rife in the property industry, making lesbian, gay and transgender professionals reluctant to come out. Sarah Townsend investigates

  • Private equity aces David Lloyd

    12 July 2013

    A British private equity firm is poised to take over David Lloyd Leisure, bringing to an end the restructuring of one of Lloyds Banking Group’s biggest lending positions.

  • Legal & General in £200m City deal

    11 July 2013

    Legal & General Property is thought to be close to buying 70 Gracechurch Street in the City of London for less than £205m.

  • Resolution in talks to buy Great Northern Warehouse

    10 July 2013

    Resolution Property is in talks to buy the Great Northern Warehouse for £75m from Capital & Regional.

  • Heston designs the ultimate property meal

    9 July 2013

    Michelin-starred chef Heston Blumenthal devised the ultimate meal for the property industry at the request of Property Week on Monday ahead of the opening of the Sky Garden at 20 Fenchurch Street.

  • Hermes buys off-market in Whitechapel

    9 July 2013

    Hermes Real Estate Investment Management has become the latest buyer of a slice of the increasingly popular investment destination of Whitechapel, after purchasing Cityside House and Challenger House in the London district.

  • City's Peter Rees delivers Smithfield verdict

    8 July 2013

    Plans for the redevelopment of Smithfield Market in London have been recommended for approval following a City of London planning meeting.

  • Agent appointed to Nicole Farhi stores

    8 July 2013

    Savills has been appointed to advise on the stores of collapsed luxury fashion retailer Nicole Farhi.

  • Chinese insurer snaps up £260m City icon

    8 July 2013

    A German Closed End Fund managed by Commerz Real, advised by Savills and CBRE, has confirmed the sale of The Lloyds Building at One Lime Street to a Chinese insurance company.

  • A well-urned victory

    5 July 2013

    The industry’s finest English and Aussie cricketers battled it out in the inaugural Property Ashes last week. David Hatcher reports.

  • Inside the DTZ demerger

    5 July 2013

    The sports-mad property industry will inevitably turn its attention to Trent Bridge on Wednesday, when the first test of the Ashes starts, but on the other side of the planet in Sydney, there are discussions taking place at another Australian outfit that will shape the face of the agency world.

  • Blackstone proposes Multi takeover

    4 July 2013

    Blackstone has proposed a takeover of European shopping centre developer, Multi Corporation.

  • Henderson secures 60,000 sq ft City deal

    4 July 2013

    The London School of Business & Finance has taken 60,000 sq ft of space at Henderson Global Investors’ 22 Billiter Street.

  • UK fund manager to buy £185m Scottish mall

    3 July 2013

    F&C Reit has been picked as the preferred bidder to buy the Bon Accord and St Nicholas shopping centres in Aberdeen for around £185m, Property Week can reveal.

  • £1.3bn fund manager closes for redemptions 

    2 July 2013

    A fund manager with £1.3bn under management has closed its funds for redemptions blaming “global economic uncertainty” and regulation.

  • Whitbread launches compact hotel brand

    2 July 2013

    Whitbread has launched a new hotel concept to further expand its Premier Inn brand.

  • St James buys £100m White City site

    1 July 2013

    St James, part of the Berkeley Group, has acquired a 10 acre site in White City, London, from Marks & Spencer for around £100m.

  • Puma Hotels extends £323m debt

    1 July 2013

    Puma Hotels has extended its £323m senior debt facility with the Irish Bank Resolution Corporation.

  • "Property Ashes" Podcast Special: Meet The Captains

    28 June 2013

    Richard Crook, UK head of business development at Savills and Marty McCarthy, chief executive of Valad Europe, joined LBC’s James Max at Savills’s new headquarters following the Property Week “Property Ashes”, which took place on Tuesday.

  • Administrators appointed to Modelzone

    27 June 2013

    Retailer Modelzone has today appointed Deloitte as administrator.

  • Vernon and Gunne to launch first Irish REIT

    26 June 2013

    Stephen Vernon and Pat Gunne will create Ireland’s first REIT.

  • Another discount fashion retailer poised for administration

    25 June 2013

    Value fashion retailer Internacionale has filed a notice of intention to appoint administrators.

  • Dwell administration: agents appointed

    25 June 2013

    Agents have been brought in to dispose of Dwell’s stores as administrators to the collapsed retailer were appointed today.

  • Ask Italian “flagship” will be first in Birmingham

    25 June 2013

    Ask Italian is to open a new “flagship” restaurant in Birmingham city centre in July.

  • Henderson and TIAA-CREF merger

    24 June 2013

    Henderson Global Investors and TIAA-CREF have formed a new global real estate investment management company, as the wave of property fund management mergers and acquisitions continues in 2013.

  • Agency 2013: Growth forecast

    21 June 2013

    This year’s agency survey shows a continued, steady and gradual improvement for property services firms. David Hatcher reports

  • Godsend for Triton

    21 June 2013

    Investment bolsters troubled £682m UBS fund and prompts change of strategy.

  • Jobs for the girls: how universities can help

    21 June 2013

    It’s the summer and the class of 2013 are entering the marketplace — or trying to.

  • Local housing targets fail to deliver

    21 June 2013

    Removal of nationally set quotas has led to massive shortfall. Hannah Brenton reports

  • Dwell closes

    20 June 2013

    Furniture retailer Dwell has ceased trading with immediate effect.

  • Speculative £260m Land Secs development

    20 June 2013

    Land Securities is to progress the next stage of its development drive by pushing the button on a £260m development.

  • WELPUT hires agents to seek £200m partner

    18 June 2013

    The West End of London Property Unit Trust has instructed advisers to seek a joint venture partner to buy a majority stake in its New Court scheme in London’s Midtown, Property Week can reveal.

  • Hope for landlords after fresh empty rates ruling

    17 June 2013

    Following a landmark decision by the high court, landlords have a new opportunity to avoid extensive business rates on empty commercial premises – through the use of Bluetooth messaging.

  • Co-op Bank explores loan sales

    17 June 2013

    The Co-operative Bank has confirmed that it is setting up a division to explore the possibility of selling loans as part of a deleveraging process designed to plug a £1.5bn black hole in its finances.

  • Lib Dem crackdown

    14 June 2013

    Deputy leader Simon Hughes guns for overseas resi investors in London ahead of 2015 election campaign

  • Retail's 2020 Vision

    14 June 2013

    This year’s Midsummer Retail Report paints a more upbeat picture of a sector heading into a seven-year recovery. Kat Spybey reports and examines the key findings in detail.

  • £120m shopping centre portfolio on the block

    13 June 2013

    The property company of former Glasgow Rangers Football Club owner and chairman Sir David Murray is to sell three shopping centres. 

  • Unite proposes £50m share placing

    13 June 2013

    The Unite Group has proposed a share placing of 9.99% of its existing ordinary share capital to fund a “highly selective regional development programme”.

  • Alarm over huge London housing supply shortfall

    12 June 2013

    Demand for housing in London will outstrip supply by 48% over the coming decade, according to research published by Knight Frank.

  • Urbanest expands into Dublin

    11 June 2013

    Urbanest has agreed to purchase a freehold site at Sir Rogerson’s Quay, Dublin, subject to planning consent for a 340-bed student residence, as it rolls out a global managed student accommodation portfolio.

  • Cushman & Wakefield CEO steps down

    10 June 2013

    Glenn Rufrano has stepped down as CEO of Cushman & Wakefield, with Carlo Barel di Sant’Albano announced as his interim replacement.

  • £1.5bn Silvertown Quays regeneration announced

    10 June 2013

    London mayor Boris Johnson is today expected to announce an agreement to undertake a £1.5bn regeneration of Silvertown Quays in the docklands.

  • Vue cinema chain sold to Canadian investors for £935m

    10 June 2013

    Cinema operator Vue Entertainments has been sold for £935m.

  • MEPC on pole at Silverstone F1 circuit

    7 June 2013

    Developer revs up for £40m purchase and business park scheme at home of British motorsport.

  • Podcast: Stanhope's chief on BBC TV Centre, the Royal Docks, 1 Angel Court & more

    7 June 2013

    Stanhope chief executive David Camp has spoken to PropertyWeek.com about the company’s huge development pipeline, outlining his plans for BBC Television Centre and explaining why his company bid for the One Angel Court development opportunity in the City of London.

  • US investor confirms retail park deal

    6 June 2013

    US private equity firm KKR and asset manager Quadrant Estates have confirmed their deal to buy the 430,000 sq ft Tuscany retail park portfolio for £112.5m.

  • Derwent keeps Saatchi & Saatchi in 170,000 sq ft coup

    5 June 2013

    Derwent London has pulled off a complex transaction in which an existing tenant, Saatchi & Saatchi, is expected to move to a pair of forthcoming Derwent London schemes in London’s Midtown, delaying the redevelopment of Saatchi’s existing headquarters.

  • US giant invests €435m in McArthurGlen JV

    5 June 2013

    Simon Property Group, the largest mall owner in the US, has agreed to invest €435m in European designer outlet operator McArthurGlen Group.

  • Terrace Hill NAV up 3% in six months

    5 June 2013

    Listed developer Terrace Hill has experienced a 3% increase in net asset value since 30 September 2012, and reduced its debt burden from £36.8m to £10.4m over that period, as it looks at commercial development opportunities following a retreat from residential.

  • Helical Bar launches debut retail bond

    4 June 2013

    Helical Bar has launched its debut retail bond – a seven year 6% bond – with a target of around £75m, to further diversify its funding sources.

  • LondonMetric exchanges on £248m shed deal

    4 June 2013

    LondonMetric has exchanged contracts on the sale of a £247.56m portfolio of 11 distribution assets to a joint venture between Prologis Europe and Norges Bank Investment Management.

  • The property deal that saved Crystal Palace

    31 May 2013

    When Kevin Phillips smacked the winning penalty into the roof of the net in the play-off final on Sunday, most Crystal Palace Football Club supporters would have thought it was the most important moment in the club’s meteoric rise.

  • €1bn Greek odyssey

    31 May 2013

    Government rescue fund markets development opportunities, plus golf and ski resorts to UK investors.

  • Chinese ride to Royal Docks rescue

    31 May 2013

    Chinese developer and Stanhope plan 3.2m sq ft scheme at desolate site.

  • Brockton & Milligan's Mailbox makeover

    30 May 2013

    Harvey Nichols to double store size at Birmingham city centre scheme

  • Boris unveils 3.2m sq ft Chinese business district

    29 May 2013

    London mayor Boris Johnson has announced details of a Chinese business park developer’s £1bn proposal to turn the Royal Docks into the capital’s “next business district”.

  • Local Shopping REIT posts 10% NAV drop

    29 May 2013

    Local Shopping REIT has today reported that its NAV has fallen significantly, indicating that the struggle in the retail sector continues.

  • Aviva and Hansteen establish £200m fund

    28 May 2013

    Aviva Investors and Hansteen Holdings have today announced that they are launching an industrial fund seeded by £49m of property and with firepower to invest up to £200m in UK sheds.

  • Bolton wonder

    24 May 2013

    Law firm Keoghs’ regional office push starts with 110,000 sq ft HQ

  • Continental rift: UKIP, Europe and property

    24 May 2013

    UKIP and the Tories are leading the country away from Europe. This has serious consequences for property.

  • Quintain debt drops further ahead of “year of action”

    23 May 2013

    Quintain Estates reported a positive set of year end results that saw its debt pile reduce by £91m during the past year.

  • CBRE appoints new UK head of retail

    22 May 2013

    CBRE has promoted Phil Cann to become its new UK head of retail.

  • Great Portland posts stellar outperformance

    22 May 2013

    Great Portland Estates has increased its net asset value per share by a sizeable 10.7% over the year ending 31 March, it was announced this morning.

  • Cushman hires new head of residential from JLL

    21 May 2013

    Cushman & Wakefield has enlarged its residential team in London by hiring two residential agents, including one partner, from Jones Lang LaSalle.

  • BPF calls for further changes to judicial reviews

    21 May 2013

    The British Property Federation has urged the government to streamline the judicial review process in order to reduce unnecessary delays and cost to development projects.

  • BlackRock property business doubles in size with MGPA buy

    21 May 2013

    BlackRock has confirmed today that it is planning to acquire opportunity fund manager MGPA, as revealed by Property Week last month.

  • Bird & Bird signs New Fetter Lane prelet

    20 May 2013

    Great Portland Estates and the City of London Corporation have confirmed a prelet at New Fetter Lane to law firm Bird & Bird, as first tipped by Property Week in March.

  • Retail red alert

    17 May 2013

    Select committee to hear retailer and landlords’ evidence; high streets back on top of government agenda

  • Vital Signs: The De Montfort report

    17 May 2013

    De Montfort lending report shows signs of optimism for first time in seven years. Mike Phillips reports

  • Kallakis sentence increased

    16 May 2013

    The Court of Appeal has increased the sentences of Achilleas Kallakis from seven years to 11, saying that sentence is the “just and proportionate” sentence for his part in a £740m fraud.

  • Cap & Reg to sell around £150m of assets

    16 May 2013

    Capital & Regional has announced plans to de-gear its Mall fund and dispose of non-core assets in the UK and Germany in an effort to cut its debts.

  • NAV rises at Grainger

    16 May 2013

    Net asset value at the UK’s largest listed residential landlord rose by 0.6% to 224p per share in the six months to the end of March, although pre-tax profits dropped by £4m on the same period last year.

  • Land Secs announces Victoria start and NAV hike

    15 May 2013

    Land Securities has today announced that work will start on the first phase of the Victoria Circle project in London.

  • Tristan completes second close for €750m fund

    13 May 2013

    Tristan Capital Partners has completed a second close for its opportunistic real estate fund EPISO 3.

  • Alter egos

    10 May 2013

    Housebuilder doyen Tony Pidgley and super-prime pioneer Nick Candy share views on friendship, envy, rivalry — and taking a battering from the press. Mike Phillips reports. Portrait by Matt Leete

  • Ares aims for Area

    10 May 2013

    Sale of US business would be one of highest-profile property fund management deals of recent years

  • Collapsed retail fund nears buyer

    9 May 2013

    The competition to buy the Britannica shopping centre fund has been narrowed down to two parties with bids of more than £250m understood to have been submitted.

  • Barratt sales buoyed by Help to Buy

    9 May 2013

    Forward sales at housebuilder Barratt rose by almost a third to £1.31bn in the 18 weeks to 5 May, buoyed by the government’s Help to Buy scheme, interim results show.

  • Buyer picked for Lloyds’ Project Thames

    8 May 2013

    A preferred bidder has been picked to buy Lloyds Banking Group’s £537m Project Thames loan portfolio.

  • Workspace Group wins Tower Bridge consent

    8 May 2013

    Planning permission has been granted for the redevelopment of the Tower Bridge Business Complex in London.

  • Crest completions rise 9%

    7 May 2013

    Housebuilder Crest Nicholson has issued its first trading update since listing on the stock market in November, showing completions rose by 9% to 810 in the six months the end of April.

  • Podcast with Clive Dutton OBE & Resi Awards 2013 deal of the year winner

    3 May 2013

    Clive Dutton OBE joined James Max in Property Week’s podcast to discuss his part in regenerating East London and Birmingham, while the man who led the sale of Battersea Power Station stopped by for a chat about the 2013 Resi Awards.

  • British Land techs drive

    3 May 2013

    REIT picked to redevelop Shoreditch Estate, in first foray into Tech City.

  • Industry must show government its worth

    3 May 2013

    It is time the property industry made a proper case for its contribution to the UK economy.

  • Olympic bid to transform park in record time

    3 May 2013

    London Legacy Delivery Company hopes to fast-track Olympic Park conversion to pay back National Lottery £2bn loan.

  • Senior director at LSH made redundant

    2 May 2013

    Lambert Smith Hampton’s head of capital markets has been made redundant.

  • Intu works up Victoria plans

    2 May 2013

    Intu Properties has today submitted a planning application for the redevelopment of its Intu Victoria centre in Nottingham.

  • JLL posts revenue rise, net income drops

    1 May 2013

    Jones Lang LaSalle’s first quarter results show a 6% increase in revenue to $856m, but a net income drop from $22m to $16m.

  • Westfield exits Brazil

    30 April 2013

    Westfield will exit the Brazilian shopping centre market after selling its stake in a joint venture less than two years after it entered the market.

  • Wimpey secures UK’s first Help to Buy couple

    30 April 2013

    A couple relocating from Northern Ireland to a development near Liverpool have become the first new homebuyers to complete their purchase under the government’s Help to Buy scheme.

  • Housebuilder chosen for Berkshire garrison site

    29 April 2013

    The property and services arm of the Ministry of Defence has chosen housebuilder Crest Nicholson to redevelop the Arborfield Garrison in Berkshire.

  • Picton reports a drop in NAV

    29 April 2013

    Picton Property Income has announced a 3% drop in its net asset value for the last quarter.

  • Anvil hammers home

    26 April 2013

    Mount Anvil enlists KPMG in £200m equity raising to upscale in London residential development

  • Fresh deals as M Locals fill failed units

    26 April 2013

    Landlords will have to accept lower rents at former Blockbusters and HMVs.

  • Pullen begins action against CBRE

    24 April 2013

    Matt Pullen has begun legal proceedings against his former employer CBRE in the employment tribunal after the investigation into him surrounding an allegation of rape was dropped yesterday, Property Week can reveal.

  • No charges brought against Pullen

    23 April 2013

    No charges will be brought against CBRE’s former UK managing director, Matt Pullen, the City of London police has confirmed.

  • Judicial review reforms announced

    23 April 2013

    Ministers are expected to reveal measures today aimed at combating judicial reviews across England which hold up development projects.

  • Berkeley & Redrow join Boris' new panel

    22 April 2013

    Countryside and Bellway are among 25 developers named by Boris Johnson to sit on a new land procurement panel designed to make it quicker and cheaper for the owners of public land in London to bring forward land for housing.

  • Property industry dominates Rich List

    22 April 2013

    The property industry’s big hitters dominated the top of the Sunday Times Rich List yesterday, with the Reuben brothers named the richest property professionals, stealing the crown from the Duke of Westminster.

  • Dragon on line one

    19 April 2013

    Dragon’s Den entrepreneur Peter Jones revealed he is no re breather after he surprised several retail landlords, among them Capital & Regional, by personally calling up to negotiate deals on a portfolio of stores for his newly acquired Jessops brand.

  • Tescos shelved

    19 April 2013

    More than 100 UK sites surplus to requirements; developers and housebuilders could pounce on land bank

  • Dev Secs nears prelet at Hammersmith Grove

    18 April 2013

    Development Securities is close to securing a debut prelet at its 275,000 sq ft Hammersmith Grove scheme in west London, PropertyWeek.com can reveal.

  • Tesco profit drop prompts global rethink

    17 April 2013

    Supermarket giant Tesco has today reported its first fall in profit since 1990, announcing it will exit the US and take a £804m hit on UK sites.

  • Americans snatch £165m site from Native Land

    16 April 2013

    A New York-based investment firm, led by former Blackstone chief executive John Kukral, is close to buying 90 Long Acre in London’s Covent Garden for around £160-165m, PropertyWeek.com can reveal.

  • Retail park exodus hits worst level since 2008

    16 April 2013

    Empty space on UK retail parks increased by its fastest rate for four years in 2012 due to retail casualties, research by Trevor Wood Associates suggested today.

  • Radical overhaul of CIL regulations

    15 April 2013

    Community infrastructure levy regulations will be radically overhauled to address industry concerns, under proposals unveiled by the government.

  • Little Chef up for sale

    15 April 2013

    Restaurant chain Little Chef is to be put up for sale by its owner R Capital.

  • Airport City takes flight

    12 April 2013

    Argent, Greater Manchester Property Venture Fund and Carillion win bid for £659m Manchester site

  • Cain's £50m brewery revamp

    11 April 2013

    Liverpool’s Cain Brewery is to be redeveloped into a £50m leisure and retail scheme under plans being drawn up by its owners.

  • Chinese to buy £260m Lloyd’s building

    10 April 2013

    The Lloyd’s building is to be sold to the Chinese life insurance company Ping An for about £260m.

  • Crown enlists Canadian giant for £320m scheme

    9 April 2013

    The Crown Estate is close to picking one of Canada’s biggest pension funds to help it fund the development of St James’s Market, a scheme at the centre of its regeneration of the St James’s district.

  • Student housing provider to seek float

    8 April 2013

    London-focused student housing provider GCP Student Living is poised to become the first education-property focused firm to list for a decade.

  • Blackrock on MGPA pole

    5 April 2013

    Takeover would stretch fund manager’s property reach into Asia

  • Need to know: which buy?

    5 April 2013

    Housebuilders’ share prices shot up following George Osborne’s Budget speech last month, during which the chancellor (pictured) announced a new measure to help housebuilders: the “Help to Buy” scheme.

  • Joint venture to buy £250m US Navy building

    4 April 2013

    A joint venture between a London super-prime residential developer and a giant Middle Eastern sovereign wealth fund is under offer to buy 20 Grosvenor Square in Mayfair, PropertyWeek.com can reveal.

  • British Land acquires Harmsworth Quays leasehold interest

    4 April 2013

    Southwark Council has given its approval for the Daily Mail General Trust to assign its leasehold interest in the 14.57 acre Harmsworth Quays printing works site in Canada Water to British Land.

  • Great Ropemaker JV makes £30m east London buy

    3 April 2013

    The Great Ropemaker Partnership has completed the £30m purchase of 148 Old Street in EC1.

  • Oaktree buys London hotel stake

    2 April 2013

    Oaktree Capital Management has bought a 50% stake in the 361 bedroom, four star Hilton London Wembley Hotel from Quintain.

  • DTZ spins off

    28 March 2013

    Beefed-up firm could be listed at value of up to £830m 16 months after prepack sale

  • Review slams New Homes Bonus

    27 March 2013

    A scheme rewarding councils for building new homes is not being adequately monitored by government, a report by the National Audit Office said this morning.

  • DTZ demerger

    26 March 2013

    DTZ could be spun out of UGL as the Australian support services firm announces it has launched a strategic review of the business.

  • Blockbuster bought out of administration

    25 March 2013

    Collapsed retailer Blockbuster has been bought out of administration by a subsidiary of restructuring specialists Gordon Brothers Europe.

  • £1bn Gulf club

    22 March 2013

    Middle Eastern-backed fund manager closes in on £1bn distressed Docklands skyscraper

  • Elizabeth House Westminster “shock”

    21 March 2013

    Planning minister Nick Boles has admitted in a letter to the deputy leader of Westminster that a planning application for Elizabeth House in Waterloo is “controversial”, despite the fact communities secretary Eric Pickles decided not to “call-in” the application.

  • Budget 2013: Expert analysis

    20 March 2013

    Property Week takes a look at the impact of this year’s budget on the property sector.

  • Secret donation halts Royal Institution sale

    20 March 2013

    The sale of the Royal Institution’s headquarters building in London’s Mayfair has been put on hold after the society received an anonymous £4.4m donation.

  • "Dramatic" measures to boost housing supply

    20 March 2013

    Plans to boost housing supply through shared equity loans, an expansion of the Right-to-Buy scheme and £130bn of mortgage guarantees have been announced in today’s Budget.

  • More Opal Group companies in administration

    20 March 2013

    Another tranche of companies owned by student housing provider Opal Group have collapsed into administration.

  • Malmaison and Hotel du Vin to expand after US private equity sale

    19 March 2013

    Malmaison and Hotel du Vin have become the latest brands to be rescued by US opportunity investors, following completion of a £200m sale.

  • L&G and Patron buy housebuilder stake

    18 March 2013

    One of the UK’s largest pension funds has acquired a controlling stake in a Scottish housebuilder.

  • Brockton sorts office

    15 March 2013

    Highly prized New Oxford Street Royal Mail block at centre of legal battle close to being bought for £95m

  • Jelly-legged runners sprint up Tower 42

    15 March 2013

    Vertical Rush in City of London raises £320,000 for homeless charity Shelter. Sarah Stewart reports

  • Simplify planning or risk London’s global position

    15 March 2013

    Delegates at LandAid debate sent clear message about threats to capital’s growth

  • Savills posts stellar results

    14 March 2013

    Savills today reported a 36% increase in group pretax profit in 2012 driven by a record year in Asia and improved share of the prime central London transaction market.

  • MIPIM 2013: Nine Elms sales volumes can be sustained

    13 March 2013

    “Volumes of sales can be sustained and I welcome foreign buyers,” says Nine Elms programme director, Helen Fisher.

  • Trump appoints Cushman to Rio project

    13 March 2013

    MRP International, the consortium developing Trump Towers in Rio de Janeiro, Brazil, has appointed Cushman & Wakefield as leasing agents.

  • Strutt & Parker reveal international alliance

    12 March 2013

    Strutt & Parker has today announced an international alliance agreement with the financial advisor Catella.

  • AXA and Gingko seal £472m City deal

    12 March 2013

    British Land announced today that it had sold Ropemaker Place for £472m, representing a 5.0% net initial yield to AXA Real Estate Investment Management, which is thought to be partnered with Chinese institution Gingko Tree Investment plus two other investors.

  • MIPIM 2013: Boris floats new island plans

    12 March 2013

    The mayor of London has announced en route to MIPIM that he plans to create the largest floating village in the country.

  • Great Portland buys £37m West End block

    11 March 2013

    Great Portland Estates has exchanged contracts to buy Orchard Court, in London’s West End, for £37m.

  • Intu launches giant bond issue

    7 March 2013

    Intu Properties has today conducted an £800m bond issue through its new debt financing vehicle.

  • LandSecs submits office-to-resi plans

    7 March 2013

    Land Securities has submitted a new planning application to redevelop and convert Portland House in Victoria from offices to residential.

  • Care home REIT to trade on stock exchange

    7 March 2013

    Target Healthcare has begun trading on the London Stock Exchange after raising £45.6m.

  • Barclays picks agent for 45m sq ft global contract

    6 March 2013

    Barclays has chosen an agent to take over the running of its 45m sq ft global estate, in a major coup for its corporate team, PropertyWeek.com can reveal.

  • SFO file defence against £200m Tchenguiz claim

    6 March 2013

    Lawyers acting on behalf of the Serious Fraud Office have filed their defence against the £200m lawsuit submitted by Vincent Tchenguiz.

  • US giant marches into Midtown

    5 March 2013

    Blackstone has continued its London office buying spree with a £90m purchase in Midtown, propertyweek.com can reveal.

  • Former RREEF head to run $2bn European fund

    4 March 2013

    Beny Steinmetz Group Real Estate has launched a new $2bn European-focused fund and has recruited the former global head of RREEF to lead the venture.

  • Government moves to ease energy performance confusion

    1 March 2013

    Groups set up to assess impact of rules outlawing inefficient buildings. Sarah Townsend reports

  • Property Week Podcast: “Tech” Special with Derwent London

    1 March 2013

    Derwent London leasing chief Celine Thompson and Hatton Real Estate partner Michael Raibin this week joined LBC Radio’s James Max at Property Week studios for a “TMT” special podcast.

  • Ronson’s resi mates

    1 March 2013

    Developer’s Ronson Capital Partners forms debt club to fund luxury riverside residential scheme

  • Oil giant in 300,000 sq ft regional office deal

    28 February 2013

    Aker has bought land in Aberdeen to develop an initial 300,000 sq ft of offices, in one of the biggest regional office deals in recent history.

  • Intu forms debt vehicle

    27 February 2013

    Intu has established a new debt vehicle to refinance four of its shopping centres and completed a £250.5m deal to buy Midsummer Place in Milton Keynes.

  • Intu confirms Milton Keynes talks

    25 February 2013

    Intu Properties has confirmed it is in “advanced discussions” to acquire a £250 Milton Keynes shopping centre from Legal & General Property, as revealed by Property Week.

  • Berkeley’s bank

    22 February 2013

    Housebuilder in play to buy huge JP Morgan riverside site for homes and leisure scheme

  • Retail voids ‘could hit 17%’

    22 February 2013

    Average town centre shop vacancy rates remained high at 14.2% in 2012 but could rise to 17%, if more stores from the collapsed HMV, Jessops and Blockbuster portfolios are not relet, the Local Data Company (LDC) warned this week.

  • Ladbrokes to open 100 shops this year

    21 February 2013

    Ladbrokes announced in its full year results today that it expects to increase its UK portfolio by 100 shops before the end of the year.

  • Bruntwood secures debt extension

    20 February 2013

    Bruntwood has agreed a £229m extension of its commercial mortgage-backed securitisation (CMBS).

  • Berkeley to develop at ex-London Square site

    19 February 2013

    A five acre regeneration scheme in north London is to be sold to Berkeley Group, after land owners Haringey Council and Sainsbury’s failed to agree on a sale with previous “preferred” developer London Square.

  • Grainger to develop Newbury scheme

    18 February 2013

    Grainger has been appointed to redevelop a 5.5 acre site in Newbury.

  • £250m shopping centre showstopper

    14 February 2013

    Capital Shopping Centres is in talks to buy a £250m shopping centre in the south-east.

  • Chinese in landmark £142m regional deal

    13 February 2013

    A Chinese sovereign wealth fund is thought to be part of a consortium of investors that has bought into the Co-Operative Group’s huge new headquarters building in Manchester.

  • JLL to make UK board appointments

    12 February 2013

    Jones Lang LaSalle will appoint three new board members for its UK business and a managing director for its business in Poland on 1 April 2013.

  • Abercrombie offers Savile Row concessions

    12 February 2013

    Abercrombie & Fitch has offered a range of concessions to planners at Westminster as part of its application to convert 3 Savile Row into a children’s store.

  • Norges agrees $1.2bn US joint venture

    11 February 2013

    The Norwegian Government Pension Fund Global has agreed a $1.2bn joint venture with US pension fund manager TIAA CREF, marking its debut deal in America.

  • Terrace Hill sells up resi assets

    11 February 2013

    Developer Terrace Hill has sold most of the remainder of its residential assets to Places for People for £70m.

  • Sainsbury’s picks Barratt for Nine Elms resi project

    8 February 2013

    Supermarket to collaborate with housebuilder and London & Quadrant for second London development

  • Store Twenty One shock

    8 February 2013

    The owner of fashion retailer Store Twenty One has written to landlords to ask to renegotiate leases and slash rents in a bid to stave off collapse.

  • Irish government votes to liquidate Anglo Irish Bank successor

    7 February 2013

    The Irish government has voted to liquidate the Irish Bank Resolution Company and for its loans to be transferred to the National Asset Management Agency.

  • Tchenguiz £200m claim revealed

    6 February 2013

    Vincent Tchenguiz has released details of his claim for damages against the Serious Fraud Office that includes an accusation that the former director of the SFO committed “misfeasance in public office”.

  • Quintain: London good but regions challenging

    6 February 2013

    Quintain has made progress on its London schemes but said disposing of non-core assets outside of London remains challenging.

  • Police extend Pullen investigation

    5 February 2013

    The City of London Police are still investigating the former CBRE director Matt Pullen, who was arrested on suspicion of rape in November 2012.

  • PW TV: Finchatton on The Lansbury and London luxury

    5 February 2013

    London-based residential developer Finchatton launched The Lansbury, a scheme of six apartments overlooking Harrods, at an event last week.

  • Stanhope’s Television Centre plans unveiled

    5 February 2013

    Stanhope and the BBC have today launched their proposals for the mixed-use redevelopment of Television Centre in west London, including the development of 1,000 homes.

  • London £800m office sale shelved

    4 February 2013

    US fund manager Blackstone is looking to refinance rather than sell the 1.1m sq ft Chiswick Park office scheme in West London.

  • Identity Charade

    1 February 2013

    The property industry’s poor record on employing anyone other than white, expensively educated men, is long overdue a radical reform. Hardeep Sandher reports

  • Ingall spins MBO

    1 February 2013

    Financed by Pramerica, Allied London chief executive takes full control of Spinningfields as Delancey bows out

  • Property Week Editors' Podcast: Giles Barrie and Mike Phillips under the spotlight

    1 February 2013

    What’s Giles Barrie’s favourite building? Which industry characters does he respect the most? What was his best moment during a decade of editing Property Week magazine? On February’s Property Week podcast, hear the outgoing editor-in-chief wax lyrical about the highs and lows of his career, as he also welcomes his incoming replacement, Mike Phillips, to the editor’s chair.

  • LondonMetric completes first acquistion

    31 January 2013

    LondonMetric Property has completed its first acquisition of six retail warehouses and set out plans to return £100m of capital to its shareholders.

  • Europe is star performer for JLL

    30 January 2013

    Europe saw the strongest rise in operating profits for Jones Lang LaSalle in 2012, in spite of the continuing economic uncertainty in the region.

  • VIDEO: London's office market is one of the most volatile

    29 January 2013

    This month’s Movers & Shakers networking breakfast brought together some of London’s top property experts to discuss what lies ahead for the city in 2013.

  • Blackstone launches Europe sheds company

    29 January 2013

    Blackstone has recruited Mo Barzegar, a former managing director for Europe of AMB, as president and chief executive of its European logistics business Logicor.

  • British Land reports retail resilience despite wider turmoil

    29 January 2013

    British Land made strong lettings progress across its retail portfolio in the third quarter of 2012 despite the wider turmoil on the high street.

  • GIC & Laxfield Capital launch £1bn loan scheme

    28 January 2013

    Laxfield Capital has teamed up with the Government of Singapore Investment Corporation to launch a new £1bn UK commercial lending programme.

  • Star Gazeley

    25 January 2013

    Brookfield to pay £370m for industrial developer in the ascendant as e-tail powers demand for sheds

  • More change at the top for Pramerica

    24 January 2013

    Pramerica Real Estate Investors has named the new heads of its European business and a chief risk officer for Europe and Asia.

  • ITV bids to buy its South Bank HQ

    23 January 2013

    ITV is believed to have lodged an above-asking-price bid to buy the freehold of its own £45m+ headquarters building on the South Bank.

  • Malaysian frontrunner for £220m City deal

    23 January 2013

    The National Pension Service of Korea (NPS) is close to selling a striking City office block for £220m, after buying it at the bottom of the market for £183m, PropertyWeek.com can reveal.

  • Dutch giant makes £349m resi splash

    22 January 2013

    Europe’s biggest pension fund has taken an 80% stake in a residential worth £349m, in one of the UK’s largest private rented sector investments to date.

  • Giant US fund close to £130m London sale

    21 January 2013

    One of the world’s largest pension funds is close to completing the sale of a Docklands office complex for more than £130m in a debt-driven deal, PropertyWeek.com can reveal.

  • PWTV: Hammerson, Westfield and Boris go under the bonnet of the Whitgift deal

    21 January 2013

    Following the news that Hammerson and Westfield will unite to redevelop the Whitgift Centre in Croydon, Property Week caught up with the involved parties and Boris Johnson for an insider view of the deal.

  • £650m triple legacy residential sell-off

    21 January 2013

    A trio of residential businesses bought at the top of the boom backed by Lloyds Banking Group are close to being sold or floated on the public markets.


    18 January 2013

    Property tycoon and poker player Achilleas Kallakis found guilty of £760m fraud

  • Property skills have changed but graduate qualities remain the same

    18 January 2013

    Over the next few weeks, many real estate firms will make the difficult decision about which candidates will join their highly competitive graduate schemes with the hope of training to become property surveyors.

  • Tycoon sentenced to 7 years in prison

    17 January 2013

    Achilleas Kallakis has been sentenced to seven years in prison for his part in a £766m fraud.

  • Westfield & Hammerson join forces in Croydon

    17 January 2013

    Westfield and Hammerson have dramatically united to form a joint venture to redevelop the Whitgift Centre in Croydon, resolving a bitter impasse that has dogged the scheme for years.

  • Kallakis trial: The verdict

    16 January 2013

    Property entrepreneurs Achilleas Kallakis and Alexander Williams have been found guilty of fraud.

  • Helicopter hits crane in south London

    16 January 2013

    A helicopter has crashed into a crane at a development in south London, killing two people and injuring nine.

  • HMV on brink of administration

    15 January 2013

    HMV is on the brink of administration after filing a notice of its intention to appoint administrators last night.

  • Industrial guru dies in swimming accident

    14 January 2013

    John Sims, the pioneer of multi-let industrial property investment, has died.

  • Lipton to exit Chelsfield

    14 January 2013

    Sir Stuart Lipton is to leave Chelsfield to set up a new development company with the brother of architect Lord Rogers.

  • A hub of happy hotties

    11 January 2013

    Ludgate would like to thank all those who sent in their suggestions for Property Week’s wildly popular Hottie 100, and the candidates themselves who accepted their nominations in good humour.

  • Tin Pan rally

    11 January 2013

    Mixed-use scheme at St Giles Circus features interactive gallery, underground venue and street revamp

  • Deka completes £220m Palestra deal

    10 January 2013

    Deka has completed its £220m purchase of the Palestra building in Southwark.

  • One New Change offices fully let

    10 January 2013

    Land Securities has let the last remaining office space at its City development One New Change.

  • Neighbourhoods to keep 25% of CIL funds

    10 January 2013

    Councils with an approved neighbourhood plan will be able to keep 25% of community infrastructure levy funds to pay for local initiatives, planning minister Nick Boles will announce today.

  • Pinnacle legal claim settled

    9 January 2013

    The legal claim brought against the owners of the stalled Pinnacle office development in the City has been settled, and a review of the scheme to try and make its construction less costly has begun.

  • £100m float planned for West End fund

    9 January 2013

    One of London’s best-known property funds is planning to raise £100m by floating a new feeder company.

  • L&G buys £80m Sapphire Campus

    8 January 2013

    Legal & General Property has bought the Sapphire Campus in Crawley, from Segro for around £80m.

  • Persimmon chief exec to retire

    8 January 2013

    Persimmon’s group chief executive Mike Farley has announced his retirement after almost 30 years at the firm.

  • AXA launches £1bn "defensive" property fund

    7 January 2013

    AXA Real Estate Investment Managers has raised an initial £125m for the launch of a fund that will look to invest in properties held on long leases such as supermarkets, distribution centres, offices and alternative sectors.

  • Christmas podcast special: an aural feast with Leon founder

    21st December - Tablet edition

    Healthy-eating fast-food chain Leon is aiming to open more than three new outlets next year, its co-founder Henry Dimbleby tells Property Week’s Christmas podcast. (Scroll down page to play podcast)

  • Hottie 100 (A-B)

    21st December - Tablet edition

    Following the publication of Property Week’s Hot 100, a list of the rising stars in the industry, Ludgate is proud to present the Hottie 100, a tongue-in-cheek list of the best looking people in property.

  • Hottie 100 (B-C)

    21st December - Tablet edition

    Following the publication of Property Week’s Hot 100, a list of the rising stars in the industry, Ludgate is proud to present the Hottie 100, a tongue-in-cheek list of the best looking people in property.

  • Hottie 100 (C-F)

    21st December - Tablet edition

    Following the publication of the Hot 100, a list of the rising stars in the industry, Ludgate is proud to present the Hottie 100, a tongue-in-cheek list of the best looking people in property.

  • Hottie 100 (F-H)

    21st December - Tablet edition

    Following the publication of Property Week’s Hot 100, a list of the rising stars in the industry, Ludgate is proud to present the Hottie 100, a tongue-in-cheek list of the best looking people in property.

  • Hottie 100 (H-K)

    21st December - Tablet edition

    Following the publication of the Hot 100, a list of the rising stars in the industry, Ludgate is proud to present the Hottie 100, a tongue-in-cheek list of the best looking people in property.

  • Hottie 100 (K-L)

    21st December - Tablet edition

    Following the publication of the Hot 100, a list of the rising stars in the industry, Ludgate is proud to present the Hottie 100, a tongue-in-cheek list of the best looking people in property.

  • Hottie 100 (L-M)

    21st December - Tablet edition

    Following the publication of the Hot 100, a list of the rising stars in the industry, Ludgate is proud to present the Hottie 100, a tongue-in-cheek list of the best looking people in property.

  • Hottie 100 (N-P)

    21st December - Tablet edition

    Following the publication of the Hot 100, a list of the rising stars in the industry, Ludgate is proud to present the Hottie 100, a tongue-in-cheek list of the best looking people in property.

  • Hottie 100 (R-S)

    21st December - Tablet edition

    Following the publication of Property Week’s Hot 100, a list of the rising stars in the industry, Ludgate is proud to present the Hottie 100, a tongue-in-cheek list of the best looking people in property.

  • Hottie 100 (S-Z)

    21st December - Tablet edition

    Following the publication of Property Week’s Hot 100, a list of the rising stars in the industry, Ludgate is proud to present the Hottie 100, a tongue-in-cheek list of the best looking people in property.

  • Keep Smiling: Property Comic 2012

    21st December - Tablet edition

    The fifth annual Property Comic event at Marylebone Pleasure Gardens raised more than £2,000 for LandAid. Rachel Hunter went along for a laugh

  • Orion stars with €650m fundraising

    21st December - Tablet edition

    Orion Capital Managers is on the brink of completing a €650m equity raising for a new fund to tap into the continued distress in the European property market, in one of the biggest property fundraisings this year.

  • VIDEO: Property's Big Bake Off

    21st December - Tablet edition

    Ten property professionals with a penchant for baking came to PW HQ to compete in Property’s Big Bake Off, watch the video here.

  • Heron closes 2012 with £115m sale

    20 December 2012

    The Swedish pension fund’s joint venture, Cityhold, has today confirmed that it has bought The Peak in SW1 from a joint venture led by Gerald Ronson’s Heron International, as tipped by Property Week.

  • Caring to sell former US Navy HQ

    19 December 2012

    Restaurateur Richard Caring has put the former home of the US Navy on Grosvenor Square up for sale after protracted loan negotiations, propertyweek.com can reveal.

  • Resi helps Wellcome Trust outperform

    19 December 2012

    The Wellcome Trust today revealed strong performance from its £1.6bn property portfolio in 2012, driven by its high concentration in residential assets.

  • £5bn UK property bank up for sale

    18 December 2012

    One of the largest and best-regarded lenders to UK property has been put up for sale, PropertyWeek.com can reveal.

  • Landlords face £200m Comet loss

    18 December 2012

    Landlords face losses of more than £200m from the collapse of Comet, a report from the company’s administrator has revealed.

  • Cheesegrater bags new 110,000 sq ft letting

    17 December 2012

    British Land and Oxford Properties today announced one of the City’s largest leasing deals of the year at their Cheesegrater development.

  • Safeland fraud arrest

    14 December 2012

    Former finance director suspected after £1.5m goes missing

  • HMV to face the music over covenant breach

    13 December 2012

    Struggling music retailer HMV has warned it expects to breach its covenants next month as sales continue to fall.

  • Poundland joins fight against rates decision

    12 December 2012

    One of the UK’s biggest discount retailers has backed a campaign against government plans to postpone the rates revaluation.

  • Treasury confirms stamp duty hike

    11 December 2012

    The government will push ahead with plans to raise stamp duty to 15% for residential properties worth more than £2m owned by “non-natural persons”, it said today.

  • Almack House £165m sale pulled

    11 December 2012

    The £165m sale of Almack House in London’s West End has been pulled by Grosvenor.

  • Council beats sovereign wealth to £150m office

    10 December 2012

    A prime London office in the shadow of the Shard is to be bought for £150m – by the local council.

  • Hermes rings changes

    7 December 2012

    BT pension fund manager to sell Friary Centre to Prupim for more than £150m and aims to sell stake in all its malls

  • NHS Property Services personnel prepare to take on £5bn estate

    7 December 2012

    Property Week summit hears new prop-co’s plans.

  • Evolution gets Woking on social housing

    6 December 2012

    Evolution, a joint venture between Kier Project Investment and Thames Valley Housing has been named by Woking Borough Council as the preferred bidder to develop 373 homes in Woking.

  • All change at the top for JLL

    5 December 2012

    JLL has undertaken a reshuffle of its UK top management which sees one of its rising stars become UK chief executive.

  • Frontrunner emerges for remarkable £800m Lloyds loan sale

    5 December 2012

    A US and European joint venture is the frontrunner for a giant Lloyds loan portfolio sale which includes one of the most extraordinary property collapses of the downturn.

  • LandSecs buys fund stake and manager

    4 December 2012

    Land Securities today said it was buying a controlling stake in a £580m fund and the accompanying fund manager.

  • Tchenguiz: Taxpayer should not suffer £200m damages bill alone

    3 December 2012

    Vincent Tchenguiz has said the taxpayer should not have to foot the bill alone as he filed a claim for £200m in damages from the Serious Fraud Office; a figure that dwarfed expectations.

  • Bupa takes Manchester search health check

    30 November 2012

    Personnel changes leave city centre looking elsewhere for take-up

  • Digital switchover

    30 November 2012

    BCSC/Jones Lang LaSalle research predicts that 25% of retail sales will be online by 2020

  • ICity unveils anchor tenant at Olympic Park

    29 November 2012

    BT has announced today that it will house its new BT Sport channels at the International Broadcast Centre in the Olympic Park.

  • British Land completes Lancaster retail deal

    29 November 2012

    British Land has completed its acquisition of Canal Corridor North in Lancaster, as revealed by Property Week (16.11.12).

  • Lane Clark and Peacock signs West End prelet

    28 November 2012

    Financial, actuarial and business consultant Lane Clark and Peacock has signed a prelet to take 40,000 sq ft of office space at the 95 Wigmore Street development in London’s West End.

  • DTZ to be demerged?

    27 November 2012

    Could DTZ be demerged from UGL? It’s a theory doing the rounds in the Australian financial markets.

  • Blackstone exchanges on Adelphi purchase

    26 November 2012

    Blackstone has exchanged contracts to buy the art deco Adelphi building on the Embankment for around £260m.

  • Treasury to control public sector land sales

    26 November 2012

    The Treasury is to seize control of the sale of public land from Whitehall departments in an attempt to speed up disposals.

  • Property tsar exits

    23 November 2012

    John McCready’s departure heralds shake-up at top of Cabinet Office unit

  • All change at Drivers Jonas Deloitte

    22 November 2012

    Giant consultancy Deloitte is to drop the Drivers Jonas name from its real estate operation as part of the creation of a new division, two and a half years after buying the 285-year old surveying firm.

  • Cushman poaches CBRE director

    21 November 2012

    Cushman & Wakefield has poached a senior director from CBRE to head up its City development team.

  • CBRE buys London property firm

    20 November 2012

    CBRE has bought London agent EA Shaw two months after buying Franc Warwick.

  • Bam cashes in on speculative development

    20 November 2012

    Prupim has placed under offer Bam Properties’ Chiswick Green development in West London for £48m, PropertyWeek.com can reveal.

  • Kallakis: AIB never asked about my wealth

    19 November 2012

    Achilleas Kallakis has claimed that Allied Irish Bank never requested any proof of his personal wealth despite agreeing to lend his family trust hundreds of millions of pounds to amass a large central London property portfolio.

  • Cameron to overhaul judicial reviews

    19 November 2012

    David Cameron will today reveal fresh plans to unlock the planning system including curbs to people’s legal right to ask a judge to review controversial planning decisions.

  • British Landcaster

    16 November 2012

    REIT teams up with Centros to develop £100m retail scheme and regenerate north-west town

  • Savills expects strong year end

    15 November 2012

    Savills is expecting to end the year ahead of expectations despite a significant reduction in transaction volumes in many of its markets.

  • MAPIC 2012: John Strachan on a happier MAPIC and the Main Streets Across The World report

    14 November 2012

    Editor-in-chief, Giles Barrie speaks to John Strachan, global head of retail at Cushman & Wakefield on the publication day of its Main Streets Across The World Report.

  • MAPIC 2012: McArthurGlen on Canada, Turkey and the threat of online retail

    14 November 2012

    Editor-in-chief Giles Barrie talks to Gary Bond, managing director of development at McArthurGlen at MAPIC 2012.

  • MAPIC 2012: Welcome to Cannes

    14 November 2012

    The editor-in-chief of Property Week welcomes viewers to MAPIC 2012, in sunny Cannes.

  • Great Portland to raise £140m of new equity

    14 November 2012

    Great Portland Estates has raised £140.6m from a placing of shares, increasing its firepower to £400m.

  • ICG-Longbow confirms debt IPO plans

    12 November 2012

    ICG-Longbow has confirmed that it is planning to raise up to £250m in what would be Europe’s first listed senior debt fund, as revealed by Property Week (Finance 09.11.12).

  • Colliers’ €79m claim

    09 November 2012

    Firm defends valuation of huge mixed-use complex in Germany following claim brought by Hatfield Philips

  • David Brecher: property’s ‘consigliere’

    09 November 2012

    Susan Freeman joins in property industry’s tributes to its “trusted adviser”

  • Pillars of society

    09 November 2012

    A merger between London & Stamford and Metric would reunite the Pillar Property team, create a huge £850m REIT — but spell the end of veteran Raymond Mould’s illustrious property career. James Whitmore reports

  • Retail hits LandSecs’ half-year performance

    8 November 2012

    Land Securities’ retail portfolio is dragging down the company’s growth.

  • CapCo increases Covent Garden rental targets

    7 November 2012

    Capital & Counties is seeking to unlock further value at its Covent Garden estate as it increases its estimated rental value target to £60-65m by the end of 2015.

  • CBRE senior director arrested

    6 November 2012

    An executive earmarked to take joint charge of CBRE’s UK business has resigned from the firm after being arrested last week.

  • Comet files for administration

    5 November 2012

    Electrical retailer Comet has this morning filed its notice of intention to appoint administrators.

  • Land Secs buys £93.9m Manchester Printworks

    5 November 2012

    Land Securities has bought Manchester’s Printworks leisure scheme for £93.9m.

  • Carlyle adds colour to Blackfriars

    02 November 2012

    Carlyle Group this week submitted plans for a mixed-use development on London’s south bank.

  • Flight of the legals

    02 November 2012

    Property legal teams are disappearing from City law firms. Sarah Townsend explains

  • People Moves: 2 November

    02 November 2012

    Colliers International has appointed Mark Kelly as a surveyor to the investment property management team in Bristol.

  • PW Investigation: Crisis over retail collapses

    02 November 2012

    Irate landlords and councils are buckling under the burden of £1bn of losses caused by a litany of “scandalous” retailer prepacks and CVAs. Rachel Hunter reports

  • Scotland saviour

    02 November 2012

    Interserve to rescue Tiger Developments’ £200m Haymarket scheme in Edinburgh from NAMA.

  • Heseltine calls for radical local spending reform

    31 October 2012

    Lord Heseltine, the former Conservative deputy prime minister, has proposed radical changes to local government finance to speed up growth and development.

  • Profits and revenue rise at JLL

    30 October 2012

    Jones Lang LaSalle last night reported a rise in profits and revenues in the third quarter of 2012, and issued a cautiously optimistic outlook for the market.

  • Big names unite to tackle high street blight

    29 October 2012

    Lloyds Banking Group, Royal Bank of Scotland and Legal & General have joined a task force set up in the wake of the Mary Portas review aimed at addressing the blight of UK town centres.

  • Bank to rule loans

    26 October 2012

    Bank of England and Treasury lay ground for maximum limit to LTVs

  • Dublin tests technologies to improve city’s connectivity

    26 October 2012

    In the first of a monthly series exploring how certain cities are pursuing the “smart” agenda, Sarah Townsend reports on Dublin

  • Milton Keynes cheered by VW’s deal on wheels

    26 October 2012

    Volkswagen Financial Services to sign biggest office prelet since 2010

  • $1.75bn retail transaction completes

    25 October 2012

    AMP Capital, Westfield Group and Westfield Retail Trust have acquired interest in seven Australian retail schemes in a deals collectively valued at A$1.75bn.

  • Home Retail Group to exit 75 Argos stores

    24 October 2012

    Home Retail Group is planning to close or relocate at least 75 Argos stores over the next five years, following a review of the business.

  • Giant Chinese sovereign fund to make UK debut

    23 October 2012

    China Investment Corporation, a giant Chinese sovereign wealth fund, is on the verge of making its first direct property investment in the UK in a £250m City of London deal, PropertyWeek.com can reveal.

  • DevSecs sees NAV drop

    23 October 2012

    Development Securities today reported a 2.2% drop in net asset value in the six months to 31 August, but said it was optimistic about its strategy for realising gains from its portfolio.

  • Corporate restructurings become more complex

    22 October 2012

    Corporate restructurings are becoming increasingly complex, particularly for small and medium sized businesses, according to new research.

  • My extraordinary hobby: Mark Collins, FA councillor

    19 October 2012

    The head of residential at CBRE tells Property Week about his “weekend job” in football

  • On the Shopping Block

    19 October 2012

    In a bid to deleverage and raise new equity, Capital Shopping Centres plans to sell stakes in its portfolio and capitalise on overseas appetite for prime retail property. Kat Spybey reports

  • US retail giant sells CSC & CapCo stakes

    18 October 2012

    Simon Property group today sold its stakes in Capital Shopping Centres and Capital & Counties, marking an exit from the most acrimonious UK takeover battle in recent years.

  • St Modwen launches retail bond

    17 October 2012

    St Modwen is the fourth listed property company to tap the growing retail bond market.

  • Pub company takes £595m property hit

    17 October 2012

    Spirit Company, the business spun off from Punch Taverns in August 2011, reported increased losses yesterday after a £595m write down of its property portfolio.

  • Cluttons facing £1m valuation claim

    16 October 2012

    Cluttons is facing a claim of more than £1m from Bank of Ireland over a dispute on the valuation of a flat in Belgravia.

  • Maybourne lines up refinancing and cash call

    16 October 2012

    The billionaire Barclay brothers are in talks to refinance a £660m bridge loan used to try to take control of the £1bn Maybourne hotel group.

  • SFO Kaupthing investigation collapses

    15 October 2012

    The Serious Fraud Office has dropped its investigation into the collapse of the Icelandic Bank Kaupthing and as a result has closed its case against Robert Tchenguiz.

  • Administrators lined up for £500m vehicle

    15 October 2012

    An investment company that bought a giant portfolio of car parks for more than £750m during the boom is to be put into administration, after debt talks with lenders including Royal Bank of Scotland and Blackstone broke down.

  • Great Portland sells Bishopsgate stake

    15 October 2012

    Great Portland Estates has confirmed the £50m sale of a stake in the 100 Bishopsgate scheme in the City of London to its joint venture partner Brookfield.

  • Ashley supersizes

    12 October 2012

    Sports Direct to use 31,000 sq ft Bristol unit as launchpad for Decathlon assault

  • People Moves: 12 October

    12 October 2012

    Hunter Property Fund Management has promoted Harry Humble to executive director.

  • The Big Think

    12 October 2012

    Property Week, Mishcon de Reya, Central and Derwent London bring together thought leaders to tackle the future of London. Lucy Scott reports. Photographs by Jon Cardwell

  • Telereal Trillium wins planning appeal

    11 October 2012

    Telereal Trillium has secured planning permission for the redevelopment of a 20-acre site in Lytham St Anne’s, near Blackpool, following a protracted battle with the local council.

  • Landlords win huge Supreme Court ruling

    10 October 2012

    UK landlords breathed a sigh of relief this morning when a Supreme Court ruling went in their favour.

  • Huawei completes letting at Green Park

    10 October 2012

    Chinese telecoms giant Huawei has completed a deal to occupy a 140,000 sq ft building at Oxford Properties’ Green Park business park.

  • BCSC 2013 Conference drama

    9 October 2012

    Retail property group BCSC has responded to tough economic conditions with a radical change of plan for its 2013 annual conference and exhibition.

  • P3 to list on London Stock Exchange

    9 October 2012

    PointPark Properties, the pan-European warehouse property owner and developer has confirmed its intention to float on the London Stock Exchange today with former Segro chief executive Ian Coull taking the position of chairman.

  • Savills reclaims out of town retail star

    8 October 2012

    A senior retail director who quit Savills for CBRE in 2008 is returning to the firm.

  • Norges completes Meadowhall purchase

    8 October 2012

    Norway’s sovereign wealth fund has signed its deal to buy a 50% stake in Meadowhall shopping centre in Sheffield.

  • I don’t leave home without ...

    05 October 2012

    What are property’s globetrotters’ essentials? Victoria Ellaway finds out

  • Stirk Reality

    05 October 2012

    As he celebrates 30 years in the industry “starchitect” Graham Stirk talks skylines, scale and style with Hardeep Sandher

  • Auctioneer takes 30 Berkeley Square

    4 October 2012

    Mercury Group has bought Prupim’s 30 Berkeley Square scheme for around £100m, and then leased the lower floors of the London building immediately to Phillips de Pury for a high-end gallery space.

  • Redefine raises £127.5m from new shares

    4 October 2012

    Redefine International has received applications for more than 95% of the new open offer shares it offered last month in a bid to raise £127.5m to help reduce its debts.

  • Hammerson & Westfield circle Whitgift debt

    3 October 2012

    Hammerson and Westfield are circling a potential Irish loan sale which could hand one of them majority control of the highly contested Whitgift Centre in Croydon.

  • Irish investment activity improves

    3 October 2012

    Investment activity in Ireland has improved in 2012, as the market begins to fight its way out of the depths of the downturn.

  • Prime Retail appointed to dispose of JJB stores

    2 October 2012

    Niche retail agency Prime Retail has been appointed by administrators at KPMG to dispose of the 133 JJB stores which were closed yesterday as part of the retailer’s administration.

  • JJB administration & sale: 133 store closures

    1 October 2012

    JJB has this afternoon collapsed into administration with Sports Direct having agreed to buy just 20 of the stores, leaving the remaining 133 to be closed today.

  • Knight Frank reports £95.9m annual profit

    1 October 2012

    Knight Frank today reported a 5.9% drop in pretax profit to £95.9m in the year to 31 March, as a result of tough conditions in property markets worldwide and investment in new business.

  • Gherkin loan pickle

    28 September 2012

    IVG, Evans Randall and lenders in talks on new equity after currency movements cause debt breach

  • Solent Enterprise Zone plan £25m investment

    27 September 2012

    Secretary of state for communities and local government Eric Pickles has announced plans to invest more than £25m in the Solent Enterprise Zone at Daedalus.

  • RBS unloads €250m Irish portfolio

    26 September 2012

    Royal Bank of Scotland is selling a portfolio of Irish assets worth €250m at the top of the market at a steep discount.

  • Billionaire brothers face October debt vote

    25 September 2012

    The property company of a pair of billionaire investors faces an important vote on 12 October which will determine the future of a distressed £287m portfolio.

  • JJB heading for administration

    24 September 2012

    Ailing sports retailer JJB has today confirmed its intention to appoint administrators after bidders in the company’s sales process put no value on the company.

  • 50:50 vision

    21 September 2012

    Norway sovereign wealth fund and British Land to form joint venture to own Sheffield shopping centre

  • British Land's £1.5bn Meadowhall tie-up

    20 September 2012

    Norway’s sovereign wealth fund is about to complete the £750m purchase of a 50% stake in the Meadowhall shopping centre in Sheffield, leaving British Land with its 50% ownership.

  • Segro appoints Ford to the board

    19 September 2012

    Segro has appointed its first female board member.

  • Kallakis retrial begins

    18 September 2012

    The retrial of property tycoon Achilleas Kallakis began this morning, as Serious Fraud Office prosecutors accused him of using forged documents to obtain huge loans from Allied Irish Bank.

  • Debenhams set to defy retail gloom

    18 September 2012

    Debenhams said today it had experienced “strong” like-for-like growth in the past 12 months, despite “extremely challenging market conditions”.

  • TfL’s £200m Earls Court bargaining

    17 September 2012

    Transport for London is exploring plans to redevelop independently 17 acres of the 77 acre Earls Court site in London that Capital & Counties wants to turn into a 10m sq ft residential-led scheme.

  • Anchors away in Bracknell

    14 September 2012

    Marks & Spencer and Fenwick to anchor Schroders and L&G scheme

  • Celebrity Special: Property Week meets Peter Andre

    14 September 2012

    Property Week heads down to Brighton to get all the gossip from the launch of Peter Andre’s new coffee shop.

  • People Moves: 14 September

    14 September 2012

    Barker Storey Matthews has hired Julian Welch to join its Peterborough office, where he will specialise in commercial property agency and consultancy. He was formerly a director and national head of retail at Lambert Smith Hampton.

  • Too little to go around

    14 September 2012

    Agents in Britain’s regional markets are all fighting for a slice of tough transactional business. Hardeep Sandher reports

  • Earls Court £8bn plan gets green light

    13 September 2012

    Capital & Counties’ £8bn plan to redevelop iconic London venue Earls Court into more than 7,000 homes across four new villages received outline planning permission last night from Hammersmith & Fulham Council.

  • Brookfield hires leasing expert from Montagu Evans

    11 September 2012

    One of Montagu Evans’s top City agents is leaving to join Brookfield Office Properties as head of UK leasing.

  • Hammerson agrees £136m Leeds deal

    11 September 2012

    Hammerson has exchanged contracts to buy the Victoria Quarter in Leeds for £136m, as revealed by Property Week.

  • Global giant computes Midlands move

    07 September 2012

    Global IT giant reignites search for out-of-town campus

  • Ministers mull residential planning shake-up

    6 September 2012

    Large residential schemes could be reclassified and fast tracked through planning alongside airports and nuclear power projects as part of a scheme being considered by ministers to tackle the housing crisis.

  • Europa buys Twarda Tower

    3 September 2012

    Europa Capital has bought the 300,000 sq ft Twarda Tower in Warsaw from a fund managed by BPT Asset Management.

  • Hansteen reports flat NAV

    29 August 2012

    Hansteen has posted a small decline in net asset value at the half-year stage after the adverse impact of the Euro’s depreciation wiped out portfolio valuation gains.

  • Freehold founders bursting with pride

    24 August 2012

    Group for gay community in property a resounding success. Sarah Townsend reports

  • Maud freeze threat

    24 August 2012

    Propinvest director hits out at Guernsey court injunction as “malicious” and promises vigorous defence

  • VOA appeals Knight Frank win in rates case

    24 August 2012

    Case that challenged approach to rent-free periods may be rerun. Sarah Townsend reports

  • Montague proposes private rented plan

    23 August 2012

    The government this morning published a much anticipated review into encouraging institutional investment into the private rented sector.

  • Manchester 180,000 sq ft letting unveiled

    22 August 2012

    A consortium of global technology companies has agreed terms to lease 180,000 sq ft of space across 20 buildings in Manchester, as part of a project called “Tomorrow”, previously codenamed “Project Digital”.

  • Lend Lease appoints new European chief

    22 August 2012

    Lend Lease has today announced the recruitment of a new European chief from private equity firm KKR to replace Dan Labbad.

  • Urban & Civic submits plans for Alconbury

    21 August 2012

    Urban & Civic has submitted plans to create a mixed-use scheme across 1,420 acres at Alconbury Weald in Cambridgeshire.

  • DevSecs profits from secondary deals

    21 August 2012

    Development Securities said today that it had sold at a profit three assets bought at the bottom of the market, including one bought from entrepreneur Paul Kemsley.

  • Deutsche Wohnen portfolio refinanced

    20 August 2012

    Pbb Deutsche Pfandbriefbank has completed the €285m refinancing of Deutsche Wohnen AG’s purchase of 23,500 homes from BauBeCon Group.

  • Unesco comes down Shard on sight lines

    17 August 2012

    Heritage body demands sign-off on schemes on London’s south bank, threatening development

  • Crown poaches Savills director

    16 August 2012

    The Crown Estate has appointed Savills director Ken Jones as director of its rural and coastal portfolio.

  • Middle Eastern giant to make £620m UK return

    15 August 2012

    A giant Middle Eastern sovereign wealth fund is set to make its first major investment in UK property since the downturn with a £620m distressed hotel deal.

  • Europa Capital fund to hold €200m first close

    14 August 2012

    Europa Capital is aiming to hold a first close next month of €200m for its fourth opportunistic real estate fund, Europa Fund IV.

  • DTZ’s owner posts 15% drop in net profit

    13 August 2012

    Shares in DTZ’s Australian owner UGL, dropped more than 10% today after the company reported a 15% drop in net profit.

  • Revealed: details of the Montague Review

    13 August 2012

    A long-awaited Government review into kickstarting the private rented housing market is expected to recommend local authorities waive affordable housing requirements on selected private rented schemes in a bid to encourage institutional investment into the sector.

  • Braemar to manage ground rents fund

    13 August 2012

    Braemar Estates has been appointed as property manager to a new residential Ground Rents Income Fund.

  • Judge dismisses McKillen's claims

    10 August 2012

    Irish investor Paddy McKillen has lost his case against the Barclay brothers in the struggle to control the hotel group containing Claridges, the Connaught and the Berkeley.

  • DTZ appoints head of EMEA retail

    10 August 2012

    DTZ has appointed Adrian Powell, formerly its head of retail development, as head of EMEA retail.

  • PHOTO GALLERY: Your Olympics photos

    10 August 2012

    We asked the property industry to send in pictures of their Olympic experience.

  • Hammerson retail chief departs

    9 August 2012

    Hammerson’s managing director of UK retail has handed in his resignation citing “family reasons”, and will leave the retail REIT at the end of September.

  • Savills' fee income drops

    9 August 2012

    Lower transaction income led to a 4% drop in profits at Savills for the first half of 2012, as increased revenues from property management went some way to plugging the gap.

  • Greggs plans further nationwide expansion

    7 August 2012

    Greggs, the bakery retailer, is on track to open 90 new shops in 2012 as sales growth continues to drive an aggressive expansion strategy.

  • KSL Capital Partners buys Belfry Hotel

    6 August 2012

    US-based private equity investor KSL Capital Partners has completed its deal to buy Sean Quinn’s Belfry Hotel in the West Midlands, as tipped by Property Week in May.

  • D-day for £950m loan

    03 August 2012

    Lenders reject Propinvest’s restructuring proposal for regional portfolio

  • From riot to rejuvenation ...

    03 August 2012

    One year after Tottenham was set ablaze by rioters, Property Week revisits the north London neighbourhood and meets Alan Strickland, chairman of the mayor of London’s taskforce, and outspoken local Labour MP David Lammy, who are spearheading its rehabilitation.

  • Pfizer site bought by private consortium

    2 August 2012

    A private consortium has bought a 297-acre site in Sandwich, Kent, from pharmaceutical giant Pfizer.

  • CBRE appoints new head of Aberdeen

    2 August 2012

    CBRE has appointed a new head of its Aberdeen office.

  • CBRE posts income growth but Europe lags

    1 August 2012

    CBRE this evening posted income and revenue growth on a global basis for the second quarter of 2012 – but Europe saw operating income drop.

  • Tchenguiz to seek damages beyond the SFO

    31 July 2012

    Vincent Tchenguiz is planning to widen his case for damages beyond the Serious Fraud Office.

  • SFO Tchenguiz warrants declared unlawful

    31 July 2012

    Search warrants issued to the Serious Fraud Office for the dawn raids of the premises of Vincent and Robert Tchenguiz have been declared unlawful by the High Court.

  • CapCo deal to complete “in coming months”

    31 July 2012

    A joint venture between Capital & Counties to develop part of its huge Earls Court residential scheme is set to complete in the near future, in spite of the legal investigation into its Hong Kong funding partners.

  • Knight Frank City head to retire

    30 July 2012

    The head of Knight Frank’s City office is to retire next April after 25 years with the firm.

  • John Lewis appoints Pramerica

    30 July 2012

    Pramerica Real Estate Investors has been appointed by John Lewis Partnership Pensions Trust to boost its portfolio of UK property investments to £270m.

  • Councils use criminal law to bring rogue landlord to book

    27 July 2012

    Harrow and Brent pursue costs from man who squeezed 28 flats into four houses. Sarah Townsend reports

  • Hammerson fight back

    27 July 2012

    Retail developer unveils rival plans for Croydon’s Whitgift Centre

  • Need to know: at home on Oxford Street

    27 July 2012

    Oxford Street may be the spritual home of the shopaholic, but an increasing number of people are calling it home.

  • Hammerson reveals Croydon plans

    26 July 2012

    Hammerson has today unveiled its rival plans for the redevelopment of Croydon town centre.

  • CSC reports rental income decline

    26 July 2012

    Capital Shopping Centres Group has reported a flat NAV in the first half of 2012, falling by a nominal 0.3% to 390p, a result, it said, of unchanged capital values.

  • Government and Portas announce more Portas Pilots

    25 July 2012

    The government has announced 15 more Portas Pilots to help rejuvenate struggling high streets and has set aside a £5.5m pot to help support all those town centres not selected for the initiative.

  • Crown Estate's Regent Street letting

    24 July 2012

    The Crown Estate has signed 4C Group, a global digital subscription foresight services provider, to office space at its AirW1 scheme in Regent Street.

  • John Lewis agrees Eastgate prelet

    23 July 2012

    Retailer John Lewis has signed heads of terms with John Lewis to anchor the 350,000 sq ft first phase of Hammerson’s Eastgate Quarters in Leeds, paving the way for a potential start on site in early 2014.

  • HOT 100: 100 - 70

    20 July 2012

    It has been five years since Property Week compiled its first Hot 100 list.

  • HOT 100: 30-1

    20 July 2012

    30 - Tom Leeming, partner, Cushman & Wakefield

  • HOT 100: 69-31

    20 July 2012

  • Developers picked for Olympic Park homes

    19 July 2012

    Taylor Wimpey and registered social landlord London & Quadrant have been selected to develop the first tranche of houses at the Chobham Manor scheme at London’s Olympic Park.

  • Supermarket scoops giant industrial deal

    18 July 2012

    A supermarket giant has signed one of the biggest industrial occupier deals of the year.

  • Land Secs reports strong lettings progress

    18 July 2012

    Land Securities this morning announced strong lettings progress across its portfolio, despite a slight rise in voids as visitors to its shopping centres declined.

  • Land Secs Victoria lettings gather pace

    17 July 2012

    Land Securities has let another 35,000 sq ft floor at its forthcoming 123 Victoria Street scheme, and is thought to be in negotiations with tenants on the rest of the building.

  • Treveria in talks on €418m debt maturity

    16 July 2012

    Treveria, the AIM-listed German investor with a €1.4bn retail portfolio, is in talks with its lenders about a €418m loan which matured yesterday.

  • "London has delivered on all its Olympic Games bid promises"

    13 July 2012

    This is it. The biggest property event of our careers is just two weeks away.

  • Be prepared: planning for the Olympics

    13 July 2012

    London’s landlords and occupiers make ready for Olympic onslaught. Rachel Hunter reports

  • Pleasure time

    13 July 2012

    Crowds swarm to London Pleasure Gardens at the Royal Docks — the biggest success yet in Property Week’s Site Life campaign. Lee Mallett reports. Photographs by Tim Foster

  • Barratt and L&Q win £420m site

    12 July 2012

    Barratt London, in partnership with L&Q, has acquired an 8.5 acre site in Fulham from Sainsbury’s to redevelop into £420m residential-led scheme, as revealed by Property Week earlier this year.

  • British Land to buy big in Mayfair

    11 July 2012

    British Land has placed under offer a residential development opportunity in Mayfair worth more than £150m, PropertyWeek.com can reveal.

  • Marks and Spencer sees sales drop

    10 July 2012

    Marks and Spencer today reported falling overall sales for the three months to 30 June, a drop in performance which saw a key director depart.

  • Land Securities shakes up pay

    9 July 2012

    The UK’s biggest property company has introduced an innovative measure to make sure the pay of its top executives is in line with performance.

  • Paris mission for our Reading students

    6 July 2012

    Property Week has adopted six University of Reading real estate students. Read their latest updates at propertyweek.com/professional. This month, Johan Ekman looks for investment properties in Paris

  • Resi in revolt against levy

    6 July 2012

    Big housebuilders set up fighting fund against Bristol “gravy train”

  • Paris joint venture for Norges

    5 July 2012

    Norges Bank Investment Management, which manages the Norwegian Government Pension Fund Global, has set up a joint investment with Generali Real Estate to invest in core properties in Paris.

  • Battersea details revealed

    5 July 2012

    A breakdown of the deal to buy Battersea Power Station by SP Setia, Sime Darby and the Malaysian Employees Provident Fund were released this morning.

  • Property boss to leave top retailer

    4 July 2012

    New Look’s group property director has left the retailer as it continues to scale back its store portfolio.

  • Crawley recommends Stanhope for regen

    4 July 2012

    Stanhope has been recommended by Crawley Borough Council to become the preferred developer for a retail-led regeneration of its town centre.

  • London & Stamford buys Isobel block

    3 July 2012

    London & Stamford has completed the acquisition of an office block in the south east from Blackstone’s Project Isobel portfolio, as revealed by Property Week.

  • Segro in €160.8m French deal

    2 July 2012

    Segro has agreed to buy eight French logistics estates for €160.8m from Foncière Europe Logistique.

  • Construction guru’s wiki wisdom

    29 June 2012

    David Trench shares 40 years of experience on free website. Sarah Townsend reports

  • Countrywide continues to build lettings agency empire

    29 June 2012

    Acquisitive agency on lookout for more regional takeover targets. Emma Haslett reports

  • Edgy Shoreditch enters the mainstream

    29 June 2012

    Reubens to try again at Foundry site, while rents go north of £40/sq ft. Hardeep Sandher reports

  • People Moves: 29 June

    29 June 2012

    British Land has appointed Matthew Reed as retail asset manager with responsibility for the asset management of 10 retail and shopping parks.

  • Retail lease lifeline

    29 June 2012

    LandSecs, Westfield and Prupim among big guns launching standardised lease to help to fill empty shops

  • BNP Paribas Real Estate's hiring spree

    28 June 2012

    BNP Paribas Real Estate’s new chief executive John Slade has told staff he plans to double turnover by carrying out a massive hiring spree, PropertyWeek.com can reveal.

  • Eurohypo team ponders management buyout

    27 June 2012

    The management of Eurohypo’s UK lending arm is weighing a management buyout of the division following the parent company’s decision to close down the business yesterday.

  • European property giant to stop new lending

    27 June 2012

    One of the largest lenders to commercial property in Europe is to stop all new lending, after its parent company decided it was not a business it wanted to continue.

  • Ronson gets nod for resi scheme

    27 June 2012

    Ronson Capital Partners (RCP) has received consent to redevelop an 80,000 sq ft office block in the West End into residential space.

  • Meyer Bergman launches €1bn fund

    26 June 2012

    Meyer Bergman, the European retail real estate fund manager, is believed to have secured around €130m of equity at the first close of its second fund.

  • Grainger wins consent in riot-torn borough

    26 June 2012

    Grainger was last night granted planning consent for a redevelopment in the area worst-affected by last summer’s riots.

  • Segro's £204.5m industrial sale

    25 June 2012

    Segro has completed the sale of four non-core UK industrial estates for £204.5m to a fund advised by Harbert Management Corporation and has cancelled £82m of debt facilities.

  • Investors face mounting problem of obsolescence

    22 June 2012

    BCO research reveals 15% of portfolios failing to meet demands. Sarah Townsend reports

  • PW’s Barrie loses his head

    22 June 2012

    “Off with his head!” they cried (well, texted, actually) when voting closed at Party at the Tower by the Tower of London last Thursday night.

  • Rent game rage

    22 June 2012

    LandSecs, Capital Shopping Centres and Hammerson prepare legal test case against PWC in retailer row

  • St Albans’ Verulam Point full following Rockspring revamp

    22 June 2012

    Final letting shows supply and demand imbalance as refurbished offices achieve just less than top-of-the-market rents. Christine Eade reports

  • Boris calls in Exemplar's planning application

    21 June 2012

    Mayor of London Boris Johnson has called in the planning application for Exemplar’s redevelopment of the Fruit and Wool Exchange.

  • Crown Estate posts another set of stellar results

    21 June 2012

    The value of the Crown Estate exceeds £8bn for the first time after the monarch’s property company delivered a stunning financial performance in the year to 31 March.

  • Norwegians go exclusive on Meadowhall

    20 June 2012

    Norway’s giant sovereign wealth fund has entered into exclusive talks to buy a prized stake in one of the UK’s largest shopping centres, Meadowhall in Sheffield, Property Week can reveal.

  • LandSecs’ Akers paid £1.13m last year

    20 June 2012

    Richard Akers was the biggest financial winner among Land Securities’ directors last year.

  • Peakside plans €90m German resi scheme

    20 June 2012

    Peakside Capital, the European real estate private equity firm, has bought a residential and commercial development site in Berlin.

  • CSC to redevelop Charter Place in Watford

    19 June 2012

    Capital Shopping Centres has teamed up with Watford Borough Council to redevelop the Charter Place shopping centre.

  • Brookfield buys £520m Hammerson offices

    19 June 2012

    Brookfield Office Properties is buying most of Hammerson’s London office portfolio for £520m, as revealed by Property Week (news, 15.6.12).

  • Quintain secures Greenwich partner

    18 June 2012

    Quintain has agreed a new joint venture agreement for its Greenwich Peninsula development with Hong Kong investor Knight Dragon.

  • Brookfield hammers on

    15 June 2012

    US developer closes in on Hammerson’s £500m London office porftolio

  • IPF advises on how to simplify protracted property deals

    15 June 2012

    Protracted property deals are a frustrating feature of a tough economic climate, as cautious investors weigh up their options, and think long and hard about whether or not to commit themselves.

  • Mayfair businesses up in arms over Crossrail chaos

    15 June 2012

    Retailers demand rates reductions to compensate for trading disruption. Sarah Townsend reports

  • 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.

  • £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.

  • 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”.

  • 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.

  • 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”.

  • 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.

  • 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.

  • 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.

  • Agency 2012: A grinding recovery

    8 June 2012

    Business continues to slowly improve for property services firms.

  • Desert island bricks: Barney Kelham

    8 June 2012

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

  • 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

  • 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

  • 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

  • Malaysian duo enter Battersea exclusivity

    7 June 2012

    A joint bid between Malaysian corporate SP Setia and financier Sime Darby has been confirmed as the preferred buyer for Battersea Power Station.

  • US retailer buy Clinton leftovers

    6 June 2012

    A US group is close to buying the remainder of collapsed retailer Clinton Cards.

  • Diamond Jubilee: 60 years of HRH and property

    1 June 2012

    To celebrate HRH Queen Elizabeth’s 60 year’s on the throne, Property Week has trawled through our archive to bring you images her relationship with the property industry through the year.

  • Anatomy of Gray’s Southwater empire

    1 June 2012

    Christine Eade talks to the CEO of the events and hotel group about his plans to raise Telford’s game

  • Chiswick jubilation

    1 June 2012

    Blackstone celebrates one of UK’s largest prelets in five years

  • How to make contacts is biggest lesson I have learned

    1 June 2012

    Property Week has adopted six University of Reading real estate students. Read their latest updates at PropertyWeek.com/professional. This month, Zoe Avery reflects on the importance of networking

  • People Moves: 1 June

    1 June 2012

    DTZ in Birmingham has appointed Katherine Price as senior surveyor in the development consulting team.

  • Small consolation for independent hotels

    1 June 2012

    Hotels win reduced business rates amid a tough trading climate. Sarah Townsend reports

  • Malaysian bid would see power station saved

    30 May 2012

    The Malaysian developer on course to buy Battersea Power Station would not knock the famous building down as part of its regeneration plans, removing the spectre of the wrecking ball that has been hanging over it.

  • Malaysians preferred bidder for Battersea

    30 May 2012

    A Malaysian developer has been chosen as the preferred bidder to buy Battersea Power Station out of administration, in a deal which would see the famous building retained.

  • Al-Jazeera in Shard first letting talks

    30 May 2012

    Al-Jazeera is in talks to move its London bureau to The Shard, in what will be the first letting in the skyscraper.

  • Chinese giant to buy Drapers Gardens

    29 May 2012

    A Chinese investment company backed by a state sovereign wealth fund has agreed a deal to buy Drapers Gardens in the City for £285m.

  • Fitness First to drop units through CVA

    29 May 2012

    Gym operator Fitness First will this week put a plan to landlords proposing to offload a swathe of stores through a company voluntary arrangement.

  • Delancey and Landid poised to win NOMA

    28 May 2012

    Delancey and Landid have entered exclusive talks to joint venture with the Co-Operative Group to develop NOMA in Manchester City Centre after a 15-month selection process.

  • CBRE’s Queen introduces property to Saudi women

    25 May 2012

    Firm to roll out property investment education concept across Middle East. Sarah Stewart reports

  • Telford seeks western promise

    25 May 2012

    Housebuilder remains committed to east London but wants to cash in on capital’s traditional prime pitches as well. Emma Haslett reports

  • Wyatt steps down at Quintain

    24 May 2012

    Adrian Wyatt, founder of regeneration developer Quintain, is stepping down as chief executive.

  • Knight Frank poaches Savills director

    23 May 2012

    Knight Frank has poached Savills’ director of UK leisure and retail investment in advance of the launch of a leisure and out-of-town retail team.

  • SFO to review Tchenguiz case after day in court

    22 May 2012

    The Serious Fraud Office is to conduct an ‘urgent review’ of its investigation concerning Vincent Tchenguiz after it emerged in court that the department has admitted to making further mistakes.

  • €7.6bn German fund to liquidate

    22 May 2012

    Credit Suisse’s €7.6bn CS Euroreal fund failed to meet investor redemptions yesterday and will be closed down over the next five years.

  • British Land posts NAV rise

    21 May 2012

    British Land posted a 4.9% rise in net asset value this morning to 595p per share for the year, broadly in line with analyst expectations.

  • People Moves: 18 May

    18 May 2012

    Roger Bright the former chief executive of the Crown Estate for 10 years, has joined community engagement and consultation specialist Curtin & Co

  • Rent reform weathers storm as US fund invests in Dublin

    18 May 2012

    One Warrington Place buy shows new rules have not destroyed market. Christine Eade reports

  • Widows wins Lloyds orphans

    18 May 2012

    Pioneering tie-up as UK’s property debt mountain still at £212bn

  • Revealed: Clinton Cards stores at risk of closure

    17 May 2012

    Property Week can today reveal a list of 345 Clinton Cards and Birthdays stores deemed ‘non-core’, which is expected to form the basis of the stores to be closed next week.

  • Berkeley takes Wapping lead

    17 May 2012

    Berkeley Group is closing in on buying Fortress Wapping, the former headquarters of Rupert Murdoch’s News International, The Financial Times reported today.

  • London lifts LandSecs

    16 May 2012

    Central London was the star that helped Land Securities outperform market expectations in 2011, but retail and the company’s assets in this sector continued to lag.

  • Lenders extend £1.2bn Citi tower loans

    15 May 2012

    Banks owed £1.2bn by the owners of the Citi tower in Canary Wharf have extended the debt until the autumn, as a strategy for the valuable but heavily indebted building continues to be sought.

  • Lend Lease Europe chief returns to Australia

    15 May 2012

    Lend Lease has today announced that its EMEA chief executive Dan Labbad is to return to a new role in Australia.

  • GPE sells over £100m of property

    15 May 2012

    Great Portland Estates has sold three properties for more than £100m as it continues to recycle capital into its major London development projects.

  • Santander €2.7bn property hit

    14 May 2012

    Spanish banking giant Santander is to take a €2.7bn write down on its Spanish property loan book, as the country’s government continues to battle its property banking crisis.

  • Cushman suffers first-quarter loss

    11 May 2012

    Cushman & Wakefield lost $18.7m in the first quarter of the year, nearly double the loss made last year, after incurring a 7% increase in operating costs.

  • Highly Commended: Cotton Quarter - Warren Rosing Architects, Bi and Concius Consultants

    11 May 2012

    The team said the site “lacked a sense of space”.

  • Highly Commended: High Security with a Human Face - Kinetique

    11 May 2012

    High Security with a Human Face: Kinetique

  • Landlords hit in Clinton's collapse

    11 May 2012

    Owners will struggle to recoup retailer’s high rents if stores close

  • People Moves: 11 May

    11 May 2012

    Ryden has promoted Kenny Macpherson and Paul Richardson to the partnership

  • Shortlisted duo cotton on to BCO Manchester design contest

    11 May 2012

    Judges will choose winner at conference on 24 May. Emma Haslett reports

  • Shortlisted: Cotton Quarter - Crea8architecture and Harley Haddow

    11 May 2012

    The entry from architect Crea8architecture and consulting engineer Harley Haddow uses “passive design” principles, which means using the fabric of the building to heat and cool it, rather than air conditioning or central heating.

  • Shortlisted: CottonOn -Tilney Shane, Medland Metropolis and BG2

    11 May 2012

    Architect Tilney Shane collaborated with engineering firm Medland Metropolis and building sustainability company BG2 Global Solutions on this entry.

  • GVA quashes doubt with debt deal

    10 May 2012

    GVA this week announced a debt-for-equity swap with loan note holder Lloyds Development Capital which will see the investor own 30% of the agency by 2014.

  • Henderson to wind up property fund

    10 May 2012

    Henderson Global Investors is to wind up its highly leveraged regional property fund, Caspar. The decision will result in the UK’s largest mixed portfolio sale for three years.

  • GPE secures $200m of debt

    10 May 2012

    Great Portland Estates has secured $200m (£128m) of debt through an issue of bonds in the US.

  • Clinton Cards collapses into administration

    9 May 2012

    Clinton Cards has this afternoon collapsed into administration with partners at Zolfo Cooper appointed to run the ailing retailer.

  • Clinton Cards on brink of administration

    9 May 2012

    Clinton Cards is on the brink of administration today after it requested that its shares be suspended from trading on the stock exchange.

  • City University, London: will invest up to £130m

    04 May 2012

    The first phase of City University’s strategic plan for the period 2012-2016 will go before the university’s board for approval later this month.

  • Imperial College London: going West

    04 May 2012

    A planning decision on Imperial College’s proposals for a new campus on the former BBC site on Wood Lane in White City, west London, known as Imperial West, is expected by the end of this month.

  • London Business School: town hall meeting

    04 May 2012

    The institution is close to signing a 35-year lease with City of Westminster Council to occupy Old Marylebone Town Hall, the venue for numerous rock star weddings.

  • People Moves: 4 May

    04 May 2012

    Resonance the social investment intermediary and consultancy, has recruited Simon Chisholm from Rothschild

  • Property Week blog helps me to stand out from grad crowd

    04 May 2012

    Property Week has adopted six University of Reading real estate students. Read their latest updates at PropertyWeek.com/professional. This month, Matshelo Chimbombi reflects on how to enhance your professional profile

  • St Modwen chief Oliver underwhelmed by NewBuy scheme

    04 May 2012

    Developer speaks to Emma Haslett as purchase of RAF Uxbridge completes

  • Universities use three Rs — redevelop, relocate and refurbish — to make investment grade

    04 May 2012

    Loughborough is latest institution to invest in enhancing estates. Sarah Townsend reports

  • University College London: Olympic hopes

    04 May 2012

    London’s biggest university is nearing the end of a six-month exclusivity period with the London Borough of Newham over plans to develop a 20 acre campus next to the Olympic Park.

  • University of Ulster: Belfast city centre plan

    04 May 2012

    The university has just submitted a planning application for a campus in the centre of Belfast.

  • BNPPRE hires UK chief exec

    3 May 2012

    BNP Paribas Real Estate has undertaken a reshuffle at the top of its UK business and hired a top agent as its new UK chief executive, Property Week can reveal.

  • UK banks exit property

    30 April 2012

    Clydesdale and Yorkshire banks are to stop lending to commercial property following a review by their Australian parent, as revealed by Property Week.

  • Alison Carnwath - chairman of Land Securities

    27 April 2012

    Carnwath marked her arrival at the UK’s largest REIT in November 2008, at the height of the property crisis, by asking then-chief executive Francis Salway to carry out a review of its entire strategy, following the portfolio’s fall in value by £4.74bn in a year.

  • Alison Nimmo - chief executive of the Crown Estate

    27 April 2012

    Edinburgh-born Nimmo, 47, took over the running of the Crown Estate in January, inheriting a portfolio worth £7bn. She is its first female chief executive and one of the biggest landlords in the UK.

  • Brum property people disenfranchised from mayoral vote

    27 April 2012

    Electorate only extends to city centre, not to those who live in suburbs. Sarah Stewart reports

  • Liz Peace - chief executive of the British Property Federation

    27 April 2012

    If you don’t know Liz Peace, then you don’t know property. The chief executive of the British Property Federation has spent the past decade lobbying on behalf of the industry to the government on such property-related issues as empty rates, stamp duty, planning and even flood risk insurance.

  • Lucinda Bell - finance director at British Land

    27 April 2012

    Bell joined the REIT in 2001 as head of tax and accounting.

  • Susan Lloyd-Hurwitz - managing director, Europe at LaSalle Investment Management

    27 April 2012

    After completing a degree at the University of Sydney that involved writing a thesis on the migration experience of Icelanders to Sydney, Lloyd-Hurwitz’s course supervisor suggested a career in property research, and the die was cast.

  • The most influential women in property

    27 April 2012

    Fifteen fund managers, 14 of the most important people in corporate real estate and almost 20 chief executives and managing directors — for anyone who questions the power that women wield in real estate, Property Week’s list of the 100 most influential women will dispel any doubts.

  • Starwood hires top BNP Paribas banker

    26 April 2012

    Starwood Capital has made a major recruitment to head its push into the European lending market.

  • CBRE grows revenue but Europe posts losses

    25 April 2012

    CBRE last night reported first quarter growth in revenue and underlying profit on a global level – but saw its European and Asian businesses post operating losses.

  • UK market shrinks says DTZ

    24 April 2012

    DTZ’s influential Money into Property report today revealed that the UK property investment market shrank by 1% in 2011, and predicted further pain to come from bank deleveraging.

  • Government aid for agents

    20 April 2012

    Property services mandates to be handed down to smaller regional firms

  • Investors on track for rail freight fund

    20 April 2012

    Increased demand should help to attract investors and operators. Stuart Watson reports

  • London's Mayoral Manifestos

    20 April 2012

    In part three of our series examining the issues affecting London’s mayoral election, Patrick Gower scrutinises the four main candidates’ policies and compares Ken Livingstone and Boris Johnson’s battle plans two weeks before Londoners cast their votes

  • Lowy and Sellar top list of winners at Property Awards 2012

    20 April 2012

    Frank Lowy and Irvine Sellar were two of the big winners at Property Week’s Property Awards 2012 last night.

  • RICS’s new resi king backs tougher regulation

    20 April 2012

    The RICS has appointed Peter Bolton King as its global residential director, as it attempts to increase its influence in the sector and tackle issues such as regulation and sustainability.

  • Deka buys £110m West End office block

    19 April 2012

    Deka Immobilien has made its second purchase of a large London office building in less than a month, with a £110m off-market deal.

  • Former London & Regional director launches £1bn fund

    18 April 2012

    Queensgate Investments, a new private equity real estate fund manager set up by Jason Kow and LJ Investment Group, has launched a £1bn fund to buy properties in the UK and Europe.

  • Air of uncertainty over Deeside’s allowances

    13 April 2012

    North Wales enterprise zone granted economic boost, but still awaits details. Paul Unger reports

  • Allowance cap sparks regeneration trepidation

    13 April 2012

    Large-scale projects could be ineligible for tax relief under new rules. Sarah Townsend reports

  • Brockton’s £1bn Pearl treasure

    13 April 2012

    Structadene chief forms partnership to recapitalise 700-strong property empire with fund manager

  • Harry Potter and the Development Manager

    13 April 2012

    Landid co-founders Trevor Silver and Stephen Morgan were tasked with working their development magic on the creation of Warner Bros’ Harry Potter film studios visitor attraction in Watford. Sarah Stewart reports. Photographs by Tim Foster

  • London’s super-sewer ordure

    13 April 2012

    Opposition to a planned £4bn “super-sewer” in London has escalated after the government pre-emptively blocked planning permission for any other development at key sites along the Thames.

  • Only a stronger housing recovery will propel growth

    13 April 2012

    Market forces shape housebuilders’ performance despite continued government support. By Richard Donnell

  • People moves: 13 April

    13 April 2012

    New recruits, promotions and firms

  • Why now is the time to carry out a residential conversion

    13 April 2012

    Central London residential property boom needs new recruits. Emma Haslett reports

  • ‘Frustrating and annoying’ NewBuy scheme falls flat

    05 April 2012

    Lenders and housebuilders shun homebuying initiative. James Whitmore reports

  • Architectural interest

    05 April 2012

    What makes a successful developer-architect? Sarah Stewart reports from 2012’s Young Norwood event

  • Landlords’ ultimate weapon against tenants could be muzzled

    05 April 2012

    Government could shackle bailiffs’ powers. Sarah Townsend reports

  • Manchester progresses with tax redistribution initiative

    05 April 2012

    TIF funding and infrastructure on other councils’ wishlists. Sarah Townsend reports

  • Nursery time for children at Lord's

    05 April 2012

    The home of cricket, Lord’s, could also become the home of a new children’s hospital, as part of a radical solution being proposed for the Londonground’s long-delayed redevelopment.

  • Signature obtained by deception guaranteed nothing

    05 April 2012

    The message: A tenant’s guarantee was rendered invalid because of undue influence

  • Buchler’s Augur hired to cure misfiring Vauxhall site

    30 March 2012

    Laing O’Rourke appoints development manager to stop-start Luton scheme. Sarah Stewart reports

  • Fears over premiums as UK flood pact nears end

    30 March 2012

    Owners in high-risk flood areas could be left high and dry. Sarah Townsend reports

  • London Election 2012 interview: Johnson controls

    30 March 2012

    Over the next three weeks, Property Week will be exploring London’s hotly contested mayoral election. Today, Hardeep Sandher meets Boris Johnson. Photographs by Tom Campbell

  • Mixed feelings from industry in wake of this year’s Budget

    30 March 2012

    Sarah Townsend reports on Budget proposals that will impact on policy for the property industry

  • Portas plan revealed

    30 March 2012

    BIDs boost and Town Team pilot extension, but ministerial sign-off rejected

  • Rough justice

    30 March 2012

    The conviction of a fraudster has highlighted flaws in the residential lettings world. Mira Bar-Hillel investigates

  • Take an executive decision — reward REIT bosses for company performance

    30 March 2012

    The Peltzman effect is named after the professor of economics at Chicago Business School. It is the tendency for people to react to regulation by increasing other risky behaviour.

  • People Moves: 23 March

    23 March 2012

    New recruits, promotions and firms

  • RBS in £300m row

    23 March 2012

    £578m Deutsche Bank Glanmore Property Fund argues with revaluation as pressure mounts to repay loan

  • MIPIM 2013: Places to go in Cannes

    20 February 2012

    Whether you're looking for a restaurant for a quick bite to eat before a conference, or a shop because you’ve forgotten your toothbrush, you'll find everything you need at MIPIM handily mapped out here for you.

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