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HB Match aims to marry developers and suppliers

28 March 2013

A property “matchmaking” service that connects developers, landlords and corporate occupiers with suppliers launched in the UK this month.
Only half of councils have ‘presumption’ plan in place, as NPPF grace year ends

28 March 2013

Lobbyists still fear countryside is vulnerable to development.
Q+A: Lewis Ellis racks up a good score

28 March 2013

Twenty years ago, Property Week interviewed Simon Lewis, Jeff Ellis, John Ellison and Nick Barnes-Batty about the launch of Lewis Ellis.
Sell another day: failed buyer liable for damages after contract breach

28 March 2013

The message: Damages for breach of a property sale contract may take account of post-breach events.
Ecoisland technology aims to disconnect Isle of Wight from National Grid

11 January 2013

An energy management system that enables residents to control their energy consumption remotely using a smartphone or computer was launched in the Isle of Wight this month.
Can Leeds become another Manchester?

19 October 2012

The inevitable chant at Elland Road on Saturday afternoon was “We Are Leeds” and, were it not for the fact that it was also a local derby against Barnsley, one of the other chants would have been “Yorkshire!”
Carter Jonas commercial head joins Targetfollow

24 September 2012

Veteran East Anglian agent Chris Haworth has joined Norwich-based Targetfollow as senior adviser.
JLL Report: global retail banking: key trends for retail estate

16 July 2012

The global retail banking environment will continue to be driven by political, economic and technological trends, says a report by JLL.
Eco champion Wyatt turns editor for a day

16 March 2012

Guest editor Adrian Wyatt visited Property Week headquarters on Monday to see this week’s issue to press
Shapps announces another private rented review

23 December 2011

Housing Minister Grant Shapps has announced the latest in a string of reviews designed to kickstart institutional investment in the Private Rented Sector.
Blackstone takes year end industrial deals close to £1bn

23 December 2011

US private equity giant Blackstone has exchanged contracts to £479m of industrial property - bringing to a close a bumper week for the sector.
Goodman to develop German hub for Amazon

16 December 2011

Goodman has signed up to develop two logistics centres in Germany for online retailer Amazon.
Allied’s Spinningfields Union put on ice

8 November 2011

Allied London has shelved plans to bring forward 350,000 sq ft of office space at Spinningfields in Manchester, after development funding talks with Frankfurt-based Union Investments were put on hold indefinitely.
Camden’s King’s Cross HQ plans approved

8 November 2011

Planning permission for Camden Council’s contact centre and office accommodation, a new public sports centre and modern public library at King’s Cross Central has been granted.
New property lending at Eurohypo suspended

7 November 2011

The UK property investment market took another turn for the worse last Friday, when it was announced that Eurohypo, one of the biggest and most consistent lenders to the sector, will undertake an immediate suspension of all new business.
Crowne Plaza Amsterdam acquired by Union Investment

16 September 2011

Union Investment has acquired the Crowne Plaza in Amsterdam South.
East Kilbride deal unlocks Cowes development

17 August 2011

Clowes Developments has completed the sale-and-leaseback of an 800,000 sq ft semiconductor plant in East Kilbride in Scotland, unlocking a 700,000 sq ft redevelopment opportunity.
Kirsh sells Minerva shares to Area and Delancey

17 August 2011

Minerva’s largest independent shareholder, South African billionaire Natie Kirsh, has finally accepted the takeover offer from Area Property Partners and Delancey.
Berlin residential property targeted by €120m Pramerica jv

17 August 2011

Pramerica Real Estate Investors has formed a joint venture to invest in residential apartment blocks in Berlin.
Morgans to run Sea Containers House hotel

16 August 2011

Morgans Hotel Group is to operate the hotel at the refurbished Sea Containers House on London’s South Bank.
China picks Leeds for Olympic base

16 August 2011

Leeds has today announced that sporting giant China will use the city as its official European pre-Games training base ahead of the London 2012 Olympics.
Central Saint Giles scores Cabana restaurant

16 August 2011

Legal & General Property and Mitsubishi Estate Company’s Central Saint Giles has let one of its food units to Cabana, a new Brazilian barbeque restaurant.
RBS’s West Register and Invesco to wind up £207m listed trust

15 August 2011

Fund manager Invesco Real Estate and West Register – the property management company within Royal Bank of Scotland – today said that they had agreed to liquidate a heavily indebted listed property company before 2014.
Europa Capital and St Congar buy in Suffolk

15 August 2011

The English Residential Land Partnership, a joint venture between Europa Capital and St Congar Land, has bought a site close to Sudbury, Suffolk.
MGPA's €220m Danish retail deal

15 August 2011

Private equity fund manager MGPA has bought a €220m Danish department store property in a joint venture with two other investors.
Pramerica raises £98m for ground rent fund

15 August 2011

Pramerica Real Estate Investors today revealed it had raised £98m of new equity for a ground rent fund, taking the total raised for the fund to £225m.
Terrace Hill signs Skelton prelet

15 August 2011

Terrace Hill has agreed a prelet and development agreement with Asda to develop a supermarket in Skelton, East Cleveland.
Land Securities scores hat-trick of deals at Overgate

8 August 2011

Superdry, Apple reseller Stormfront and Paperchase have all taken new units at Land Securities’ Overgate centre in Dundee.
Gregory Projects in Leeds city centre buy

8 August 2011

Leeds based Gregory Projects and Marshalls of Elland have agreed terms to purchase a prime commercial development site on Whitehall Road in Leeds from Town Centre Securities.
Aviva tees up giant West End scheme

8 August 2011

Aviva is close to piecing together a development site in London’s West End that could bring to the market about 600,000 sq ft of mixed-use space.
United House buys £9m Shoreditch site

8 August 2011

London developer United House has bought a former pub in London’s Shoreditch as a development site for an office and residential scheme.
Shop owners condemn Tottenham riots

8 August 2011

The British Retail Consortium has today condemned the weekend’s London rioting, claiming that community difficulties would not be helped by torching shops.
Five ING staff transfer to Picton

8 August 2011

Picton Capital has today announced it will hire five staff from ING Real Estate Investment Management, as it continues with the internalisation of its management.
Focus on quality companies, JP Morgan says

8 August 2011

Investors were today urged to buy “quality” shares in companies such as British Land, Land Securities, and Shaftesbury, as the markets react to the downgrading of the US’s AAA credit rating.
Barratt confirms £170m loan book sale talks

8 August 2011

Barratt Developments has today confirmed that it is in talks to sell some of its £170m portfolio of shared-equity loans.
JLL in Far East takeover

8 August 2011

Jones Lang LaSalle has today announced the takeover of an Indonesian firm that will create the largest property services firm in the country, 10 years after the two demerged.
New tower prelet completes Canary Wharf vision

8 August 2011

Canary Wharf Group has agreed a prelet of 250,000 sq ft in a new office building of over 500,000 sq ft to be constructed at 25 Churchill Place in London’s Docklands.
Two new tenants at British Land's Giltbrook Retail Park

5 August 2011

British Land has doubled its catering offer at Giltbrook Retail Park, Nottingham with Pizza Express and Nando’s both signing new leases.
Axa Real Estate sells Grosvenor Shopping Centre

5 August 2011

AXA Real Estate has sold the Grosvenor Shopping Centre in Macclesfield, on behalf of its client Friends Life Company to Eskmuir Securities for £20.86m.
Mayfair Capital buys nine properties

3 August 2011

The Mayfair Capital Property Unit Trust has bought nine assets in the second quarter of 2011.
Allianz agrees US residential venture with Archstone and CPPIB

3 August 2011

Allianz Real Estate has entered the US residential market.
Five tips: how to improve landlord-client relationships

2 August 2011

Service charge management is a vital part of the ongoing business relationship a landlord has with its retail partners.
Property management: how to stay on the right side of the law

2 August 2011

New rules and regulations mean landlords need to be legally dilligent
Can you afford to play with fire?

2 August 2011

Protecting your buildings against fire is crucial to your business.
Capital Shopping Centres delivers flat half-year figures

2 August 2011

Capital Shopping Centres this morning produced an underwhelming set of half-year results that were not as good as rival Hammerson’s.
Plans submitted for Thames floating “Park”; new images released

2 August 2011

A consortium of property investors and professionals has today submitted plans for a floating pontoon on the left bank of the Thames, called the London River Park.
Regent Street blocks bought by Crown and Norges

1 August 2011

The Crown Estate and Norges Bank Investment Management have made their first joint purchase of Regent Street assets, following the sale of 25% of the Crown’s Regent Street holdings to the Norwegian fund in January.
Quinlan’s former Libyan School in Chelsea to be developed by Orion

1 August 2011

Orion Capital Managers has bought a one acre freehold site in the heart of Chelsea, London, for luxury residential development.
Green light for O2 "Skywalk"

29 July 2011

Venues operator AEG has secured planning permission for a walkway traversing the roof of The O2 in Greenwich, east London.
JLL to sell ITV’s Manchester site

29 July 2011

ITV has appointed Jones Lang LaSalle to prepare its Quay Street HQ in Manchester for sale in 2013.
Tishman Speyer confirms Sanctuary buy

29 July 2011

Tishman Speyer has today confirmed its purchase of Sanctuary Buildings in London’s Victoria, which was first revealed by Property Week in June.
Westminster council probe

29 July 2011

Portfolio manager Alastair Rudd suspended; investigation ongoing
West End still London’s office hotspot

27 July 2011

Central London take-up fell to 2.2m sq ft in the second quarter, but the West End remains strong with the vacancy rate falling to 3.8%, according to CB Richard Ellis’s Central London Offices survey.
Aquatics Centre unveiled as main Olympic Park venues completed

27 July 2011

The Olympic Delivery Authority has today announced that the Aquatics Centre in London’s east end is complete, concluding the construction process for the six main permanent Olympic Park venues.
Lloyds renews Scotia Homes debt

26 July 2011

Scotia Homes has agreed a new revolving credit and guarantee facility with Lloyds Bank Corporate Markets, which is committed until April 2014.
Search begins for tenants for Sellar’s “The Place”

25 July 2011

The Place, the 430,000 sq ft office scheme that forms part of the Sellar Property’s London Bridge Quarter, began its formal search for tenants today with an official launch.
Germans to fund £165m Manchester scheme

21 July 2011

Allied London is close to obtaining £165m of funding for a 350,000 sq ft office block at Spinningfields in Manchester, in what would be a stunning speculative deal for the north-west.
Co-op Bank loan to kick off £50m Coventry scheme

20 July 2011

Co-operative Bank has agreed to finance Barberry Developments’ £50m plans for the former Royal Mail Sorting Centre at Bishop Gate in Coventry.
DevSecs buys Essex sites out of receivership

20 July 2011

Development Securities has bought two properties in Ilford and Abbey Wood from LPA Receivership, both of which it plans to redevelop into mixed use schemes.
Peel and Barratt in £200m tie-up

20 July 2011

Peel Group and Barratt Homes have formed a partnership to bring forward residential schemes worth £200m across the north-west and Yorkshire.
Green light for Sainsburys’ Fulham Wharf plans

20 July 2011

Plans for the £100m Fulham Wharf development have been given the green-light.
Avid about Manchester offices

19 July 2011

North-west project management company Avid Property Consultants has expanded into office agency by hiring a former P3 associate.
Canary Wharf closes in on City development buy

19 July 2011

Canary Wharf is close to agreeing a deal that would see it undertake its first solo development in the City of London, propertyweek.com can reveal.
CapCo Earls Court scheme set to encompass Hammersmith & Fulham estates

19 July 2011

Listed developer Capital & Counties is to give a £15m deposit to Hammersmith & Fulham council as part of a deal to include the West Kensington and Gibbs Green housing estates in its £8bn Earls Court regeneration scheme.
DevSecs abandons Shell Centre bid

19 July 2011

Development Securities, in a joint venture with US private equity firm Carlyle, is believed to have pulled out of the bidding process to redevelop the massive HQ building of Royal Dutch Shell on London’s South Bank.
Metro scores largest Salford Quays letting of 2011

18 July 2011

Engineering firm Sinclair Knight Merz is taking 18,000 sq ft on the top floor of BAM Properties’ Metro office development in Salford Quays, in the area’s largest letting of the year.
Dentists to fill 18,000 sq ft Bolton HQ

18 July 2011

Dental service provider Integrated Dental Holdings has taken an 18,000 sq ft head office building in Bolton, Greater Manchester.
LaSalle buys Farringdon block

18 July 2011

Standard Life has sold The Corner at 91-93 Farringdon Road in east London to LaSalle Investment Management for £9.75m.
Knight Frank shuts Liverpool office and ponders redundancies

18 July 2011

Knight Frank is to close its offices at Liverpool, and has placed all staff members in Manchester and Liverpool on redundancy consultation, to be carried out over the next two weeks.
Allsop in Colliers West End poach

15 July 2011

Allsop is to re-enter the West End leasing and investment market, after poaching two directors from Colliers International.
McKillen beats Nama off £1.4bn property loans

15 July 2011

Ireland’s “bad bank” has decided not to buy loans worth £1.4bn secured against the assets of Paddy McKillen, a spokesman for the Irish developer said today.
Croydon set to approve Ruskin Square and Menta

15 July 2011

Nearly 2m sq ft of proposed development near East Croydon Station is expected to be given the green light next Thursday, after being recommended for approval by planning officers.
MPs and PWC to probe £250bn council-owned property use

15 July 2011

The government has today launched an inquiry into how local authorities can better use their £250bn property assets to boost development and economic growth.
Fashion use proposed for Olympic media complex

15 July 2011

A consortium of fashion brands backed by Resolution Property has joined the list of parties lobbying to take over the 1m sq ft Olympic media and broadcast centres in east London after the 2012 Games finish.
Lord Sugar to sell St James’s block

13 July 2011

Amsprop, the company founded by the Apprentice star, is to sell an office building in St James’s, London.
Knight Frank public sector trio departs

12 July 2011

GL Hearn has poached three members of Knight Frank’s public sector consultancy team.
Highcross buys former HBOS assets

12 July 2011

UK opportunity fund Highcross has bought seven office and industrial properties in Aberdeen, Dunfermline and Glasgow, in a £20.3m deal.
Green light for Westminster’s North Wharf plans

11 July 2011

Plans for a 710,000 sq ft mixed-use scheme in the Paddington Basin were given have been given the green light by Westminster council, which is intending to sell the site for redevelopment.
Galliard buys 7-9 Portland Place for resi

11 July 2011

Galliard Homes has paid £11m for 7-9 Portland Place, an office building in London’s West End which it plans to convert into luxury homes.
Odeon Leicester Square site to be put up for sale

8 July 2011

The Odeon Cinema development site in London’s Leicester Square will be formally brought to the market following an agreement between the National Asset Management Agency and Real Estate Resolutions, which owns part of the site.
Baci Lingerie debut's at St David's

8 July 2011

Baci Lingerie is to launch its first UK store at St David’s, the Cardiff shopping centre jointly owned by Capital Shopping Centres and Land Securities.
Cordea Savills buys in Edinburgh

8 July 2011

Cordea Savills has purchased a new prime project in Edinburgh and completed the sale of two assets on behalf of its Student Hall Fund.
Expedia books in at Angel Building

6 July 2011

Derwent London has confirmed the letting of two floors at its Angel Building in east-central London to online holiday broker Expedia, and revealed a new Thai restaurant tenant for the property.
CityHeart plans Edinburgh student resi

6 July 2011

Chester-based property firm CityHeart Developments has been granted planning permission for a new 778 bed student accommodation in Edinburgh, which has been pre-let to Edinburgh Napier University.
OPLC probes stadium occupier selection process

5 July 2011

The Olympic Park Legacy Company has launched an independent investigation into its selection process for a post-Games Olympic Stadium occupier, following allegations against corporate services director Dionne Knight, who was suspended on Friday.
Wellcome publishes Olympic Park takeover plans

5 July 2011

Charitable foundation The Wellcome Trust has made public its plans for a £1bn takeover of London’s Olympic Park.
Norwegian sovereign wealth fund completes second deal

5 July 2011

The Norwegian sovereign wealth fund has completed its second deal in a £15bn investment drive, with the purchase of 50% of a €1.4bn Parisian portfolio from Axa.
Harrison Leggett is formed

5 July 2011

Two West End office agency stalwarts have created a new “niche” agency serving the central London market.
Welput buys St Martins Place block

4 July 2011

EstCapital has sold 7-8 St Martins Place to the West End of London Property Unit Trust (WELPUT), a closed-end fund managed by Schroders, for £41m.
MGPA acquires German retail portfolio

4 July 2011

MGPA has acquired a portfolio of 26 retail properties from Develica Deutschland.
GLA strikes landmark £600m bond deal with Lloyds

4 July 2011

Lloyds Bank Corporate Markets has put together the first local government bond deal in 17 years, with a £600m bond issue to help the Greater London Authority pay for Crossrail.
£3bn BarCap-backed private rental fund revealed

1 July 2011

The much-vaunted dawn of the UK’s private rented housing sector came a step closer today, as housing minister Grant Shapps supported the launch of a £3bn private rental vehicle.
Urban Splash gets new head of lettings

1 July 2011

Regeneration company Urban Splash has promoted one of its associate directors to the position of national head of lettings.
RBS demands sale of former Guiness factory

1 July 2011

A vacant building at west London’s First Central has been put up for sale by Royal Bank of Scotland.
Springfield buys Redrow's Scottish arm

1 July 2011

Elgin-based developer Springfield Properties has paid £49m for Redrow’s Scottish business, which was put up for sale earlier this year.
Siskind to step down as Goldman Sachs’s real estate head

1 July 2011

Ed Siskind, the head of Goldman Sachs’s Real Estate Principal Investment Area (REPIA), is to retire at the end of the year.
Blackstone to take on £1.6bn of property loans from RBS

1 July 2011

Royal Bank of Scotland has agreed to sell a £1.6bn portfolio of property loans to a company managed by Blackstone in a key deal for the property and banking markets.
MEPC to complete CMBS refinancing a year ahead of maturity

1 July 2011

MEPC, the business estate owner, will complete a refinancing of its commercial mortgage-backed securities on 20 July.
Retirement villages go into administration

29 June 2011

Two retirement villages in the south west have fallen into administration.
Tishman help hired for Goldman 1m sq ft development

29 June 2011

Goldman Sachs is believed to have appointed Tishman Speyer to help develop a 1 million sq ft “groundscraper” next to its London headquarters.
Area and Delancey announce £202.6m recommended offer for Minerva

29 June 2011

Area Property Partners and Delancey this morning revealed a £202.6m recommended cash offer for London developer Minerva.
Blackburn’s Tithebarn appeal quashed

29 June 2011

Manchester’s high court has upheld the decision of communities secretary Eric Pickles to allow Lend Lease’s £700m Tithebarn development to go ahead, quashing opposition from neighbouring councils that argued it would be draw business from local town centres.
British Land buys Hutchison Whampoa HQ

29 June 2011

British Land has bought a 198,000 sq ft office and leisure complex in Maidenhead town centre for £74m.
Lathwood and Humphery head up JLL / King Sturge regional rejig

21 June 2011

Jones Lang LaSalle has today revealed its reshuffled regional leadership, including the heads of its 16 city offices, following the firm’s acquisition of King Sturge on 1 June.
Second Oxford St letting for Salmon

21 June 2011

NFU Mutual and Salmon Property have secured a second office tenant for their £35m 175 Oxford Street office and retail development in London, following a recent letting to Korean oil company SK.
Qataris get Chelsea Barracks consent at second try

21 June 2011

Qatari Diar’s controversial residential scheme at London’s Chelsea Barracks was last night granted planning permission by Westminster council.
Hermes buys 40-50 Eastbourne Terrace

20 June 2011

Hermes Real Estate Investment Managers, on behalf of the British Telecom Pension Scheme, has exchanged contracts to buy 40-50 Eastbourne Terrace from Westlink Global Investments for £76m.
£30m Hong Kong cash for Pinnacle

20 June 2011

Pinnacle Regeneration Group has received £30m of investment from three Hong Kong-based families in order to fund its expansion plans.
Jaro buys in New Oxford Street

17 June 2011

Jaro Real Estate, the investment vehicle of ex-King Sturge partner David Hallett, has struck its first deal by buying Isis House at 64-76 New Oxford Street in London for £9.5m.
CMS Cameron McKenna to prelet Hammerson City scheme

15 June 2011

Law firm CMS Cameron McKenna has signed heads of terms to take a prelet at Hammerson’s Principal Place scheme in the City.
Law firm Linder Myers buys Manchester HQ

15 June 2011

Linder Myers, a Manchester-based firm of solicitors, has bought 55 Spring Gardens in Manchester city centre from the British Telecom Pension Scheme for its own occupation, in a deal reflecting a yield of 9%.
St Modwen to develop £20m Siemens facility in Lincoln

15 June 2011

Listed developer St Modwen has agreed a £20m pre-let with technology giant Siemens for a 135,000 sq ft gas turbine service facility at Teal Park in Lincoln.
£1.1bn Marriott assets to be brought to market

15 June 2011

A portfolio of 42 Marriott hotels bought for £1.1bn at the top of the market will be put up for sale after the appointment of administrators yesterday.
Fire at Frogmore and Galliard's Strand scheme

14 June 2011

A high-end residential and hotel development in London’s Aldwych caught fire today.
V8 Gourmet Group collapse into administration

14 June 2011

Indian restaurant chain V8 Gourmet Group, which owns the Bombay Bicycle Club and Tiffinbites brands, has been placed into administration.
SWIP swoops on Boots block

14 June 2011

Scottish Widows Investment Partnership has placed a prime block on Oxford Street under offer at a yield of around 5%.
Canary Wharf muscles in on Citi tower sale

14 June 2011

Canary Wharf Group is in talks to buy more than £150m of debt secured against the Citi headquarters in an effort to outmanoeuvre rivals in the £1bn sale of the building.
Duet completes £33m of junior debt deals

14 June 2011

Duet Real Estate Finance, the listed junior debt fund, has completed two transactions totalling £33m, taking the fund to 50% invested.
Southern Cross landlords agree to provisional restructuring

14 June 2011

Landlords of struggling care home operator Southern Cross last night agreed to a provisional restructuring which is likely to see rents cut for the short term.
TV Centre sale to “maximise” BBC income

13 June 2011

The BBC has today announced the first phase in the sale of Television Centre in London’s White City, stating its intention to use the sale to get the highest possible income for the BBC and licence fee payers.
David Higgins given knighthood

13 June 2011

Network Rail chief executive and former Lend Lease boss David Higgins had his career achievements honoured this weekend with a knighthood.
Max says secondary buying opportunities persist

13 June 2011

Max Property Group, the company run by Nick Leslau and Mike Brown, said today that buying opportunities would continue to arise in the secondary market, in spite of the “snail’s pace” at which banks are deleveraging.
MPs blast coalition's localist agenda

9 June 2011

Government ministers have so far produced no compelling vision of what their imagined “localist” future will look like, a report from the Communities and Local Government (CLG) Committee has concluded.
Green light for Barratt Wilson Bowden's Basildon redevelopment

9 June 2011

Basildon Borough Council has granted Barratt Wilson Bowden planning permission for a mixed use development in Basildon town centre.
Three shortlisted for £575m Mint hotel portfolio

9 June 2011

Blackstone, London & Regional and a joint venture between Goldman Sach’s Whitehall Fund and the Texas Pacific Group are understood to be on the final shortlist to buy a portfolio of seven Mint hotels for around £575m.
Serviced Office Group to take over BT's Hemel office

9 June 2011

Serviced Office Group, the AIM-listed flexible office provider, has signed a five-year management agreement with BT to take-over and manage its 175,000 sq ft office property in London Road, Hemel Hempstead.
Segro completes £8m High Wycombe disposal

9 June 2011

SEGRO has completed the disposal of units 370 to 375 on the Cressex Industrial Estate for £8m.
15,000 sq ft of lettings for CLS

9 June 2011

CLS Holdings has announced more than 15,000 sq ft of leasing deals at its Cambridge House scheme, a 70,000 sq ft office building in Hammersmith.
MEC City Tower deal confirmed

8 June 2011

Mitsubishi Estates has bought City Tower on London’s Bishopsgate for £95m.
New Covent Garden loses Barratt from £1bn redevelopment race

8 June 2011

Barratt Group has bowed out of the competition to redevelop the New Covent Garden Market site in Nine Elms, leaving two French firms in the running for the £1bn deal.
Mersey Ports masterplan published

7 June 2011

Peel Ports Mersey has today put its 20-year masterplan for Mersey Ports out to consultation.
Carlyle buys Rotterdam office for student accommodation

7 June 2011

US private equity group Carlyle has bought an office building in Rotterdam for conversion into student accommodation, through its joint venture with the MacGregor family.
Colliers hires central London investment director

6 June 2011

Colliers International has appointed a new director of central London investment.
Workspace CEO Harry Platt to retire

6 June 2011

Harry Platt is to step down as chief executive of Workspace Group next year.
Nobel Prize winner joins Dolphin Capital board

6 June 2011

AIM-listed residential investor Dolphin Capital has appointed a Nobel Prize winning economist to its board as non-executive director.
St James’s Place serves termination notice on fund manager Invista

1 June 2011

The break-up of listed property fund manager Invista Real Estate Investment Management continued today with its largest separate account client giving formal notice of termination.
Peel readies 2.5m sq ft Trade Centre plans

1 June 2011

Peel is preparing to lodge plans for its International Trade Centre in the Wirral.
Middle Eastern resi buyers up 50% in West End

27 May 2011

The Arab Spring has caused an uptick in the number of Middle Eastern buyers of West End residential property, according to a report by West End residential agency Kay & Co.
Factfile: JLL and King Sturge combined

27 May 2011

Following news of the merger between Jones Lang LaSalle and King Sturge, revealed by Property Week this morning, here is a summary of the important details and a map detailing the new overlaps and synergies in offices around the globe…
JLL-King Sturge: Corbett, Marsden, Hynard, Ireland and more on 19-strong executive

27 May 2011

Jones Lang LaSalle has unveiled a UK executive of 19 senior staff following its merger with King Sturge.
Former British Land exec to join AlixPartners

27 May 2011

AlixPartners, the global business advisory firm, has appointed former British Land executive Peter Clarke, as a senior advisor for the firm’s European real estate practice.
Park Plaza to step to London’s main market

27 May 2011

Park Plaza Hotels is to move its London Stock Exchange listing from AIM to the main market.
Speymill Deutsche to leave AIM

25 May 2011

Speymill Deutsche Immobilien, the struggling German residential property investor, will delist from AIM on 31 May.
Conygar gloomy on market as NAV inches up

25 May 2011

Conygar, the AIM-listed property company headed by Robert Ware, painted a gloomy picture of the market, as it revealed a 2.7% rise in its net asset value at the half-year stage.
Lloyds exec slams "misreprentative" coverage of bank lending

25 May 2011

A senior banker at Lloyds today accused politicians and the media of misrepresenting the facts over the bank’s lending policy.
European listed property sector could double to €600bn in five years

25 May 2011

The European listed real estate sector has the potential to double in size to €600bn over the next five years, according to the European Public Real Estate Association (EPRA).
No 1 Leeds scores first tenant

25 May 2011

No 1 Leeds, formerly known as Latitude Red, in Leeds city centre, has secured its first tenant.
City awaits Broadgate listing decision

25 May 2011

British Land, Blackstone and the City of London are waiting for a decision on whether or not the Broadgate development will be recommended for listed status, in a crucial decision for the future of the scheme.
London resi rents show huge increase

25 May 2011

Rents in London have risen by 6.1% in the past six months from £37.87 / sq ft to £40.20 / sq ft, according to Jones Lang LaSalle research.
Quintain reports NAV drop but claims “real progress” achieved during year

25 May 2011

Quintain suffered a 6% decline in its net asset value in the year to 31 March.
NAV drop for Terrace Hill

25 May 2011

Aim-listed property company Terrace Hill today posted a net asset value drop of 11% in the six months to 31 March 2011.
Brian Bickell to take over as Shaftesbury’s chief executive

25 May 2011

Shaftesbury has promoted its finance director Brian Bickell to chief executive.
BNP PRE search for Aldgate Tower pre-let

25 May 2011

Stanhope and Aldgate Holdings have instructed BNP Paribas Real Estate to work alongside Savills as joint agent on the Aldgate Tower in east London.
Crossrail hires land and property director

24 May 2011

Crossrail has hired Network Rail’s head of major development to fill the post of land and property director.
Hyde Hospital on the block

23 May 2011

The former Hyde Hospital has been put up for sale through the Manchester office of Colliers International.
Fresh plans unveiled for Chiswick’s ‘Octopus’

23 May 2011

London & Bath Estates and Galliard have submitted revised plans for the ‘Octopus’ office development at Chiswick Roundabout in west London, after they were denied the go-ahead by Hounslow Borough Council last year.
Mountgrange launches resi debt fund

20 May 2011

Investment management firm Mountgrange is to launch a mezzanine fund targeting residential development.
CSC’s Bob Tingle dies in accident

20 May 2011

Bob Tingle, director of operations at Capital Shopping Centres died in an accident yesterday, 19 May.
Morston go-ahead for £500m Whitecross regeneration

20 May 2011

Developer Morston Assets has been granted planning permission for its £500m Whitecross regeneration near Falkirk in Scotland.
GVA HQ sold to Hong Kong buyer

20 May 2011

Joint Treasure, a Hong Kong-based private equity firm, has bought GVA’s headquarters at 10 Stratton Street for £60m.
NB’s Hatt quits Capita Symonds

20 May 2011

NB Real Estate’s former chairman Mike Hatt is leaving the company, following the sale of the business to property services firm Capita Symonds last year.
Savills poaches DJD property management quartet

20 May 2011

Four directors from Drivers Jonas Deloitte’s property management team have been poached by Savills.
JLL and BNP PRE win Stratford City job

20 May 2011

Lend Lease and London & Continental Railways have appointed Jones Lang LaSalle and BNP Paribas Real Estate as joint leasing agents for the office element of The International Quarter at Stratford City in London.
Leeds council buys seven acres at Elland Road

19 May 2011

Leeds City Council has bought seven acres of land behind Elland Road football stadium in Beeston, as part of plans to develop the area.
Green light for Barratt in Battersea

19 May 2011

Barratt Homes has secured planning permission for an £18m mixed-use scheme in Battersea that will provide 64 new homes.
Google seals 160,000 sq ft deal at Central Saint Giles

18 May 2011

Google has taken 160,000 sq ft of office space at Legal & General Property and Mitsubishi Estate Company’s Central Saint Giles Development in London’s West End.
Crown buys £20m Trafalgar House headlease

18 May 2011

The Crown Estate has acquired the headlease of Trafalgar House at 11-12 Waterloo Place in London’s St James’s for £20 million.
St Modwen agrees Elephant shopping centre plan with Southwark

18 May 2011

Southwark council has reached an agreement with the owner of the Elephant & Council shopping centre over the centre’s redevelopment.
Crossrail hires new CEO

18 May 2011

Crossrail has appointed a new chief executive to replace Rob Holden, who is stepping down in mid-July.
Six more business neighbourhood plans revealed

17 May 2011

Locations in Manchester and London are among six fresh pilots for the government’s “business neighbourhood” planning scheme, to be announced on Thursday.
Stockport hunts £100m Grand Central development partner

17 May 2011

Stockport Council has started the search for a development partner to help it regenerate Grand Central, the town centre leisure complex.
Trafford Centre the star at CSC

17 May 2011

Capital Shopping Centres said this morning that the Trafford Centre had been the star performer in its portfolio over the last four months – but said the retail sector still faces challenges.
HCA’s Lunts moves to GLA

16 May 2011

The Homes and Communities Agency’s executive director for London, David Lunts, has taken up a new role at the Greater London Authority.
Almacantar buys £80m Marble Arch Tower

16 May 2011

Mike Hussey’s Almacantar has bought London’s Marble Arch Tower from clients of Orchard Street Investment Management.
Network Rail seeks partner for Leeds Station redevelopment

11 May 2011

Network Rail today launched the search for a development partner to undertake a commercial development on land at Princes Square in Leeds, next to Leeds station.
Hedge fund signs £97.50/sq ft lease on Savile Row

11 May 2011

York Capital Management, an international hedge fund, has taken a 7,610 sq ft lease at D2 Private’s 23 Savile Row in London’s Mayfair.
Hermes lets 83,000 sq ft at Manchester business park

10 May 2011

Hermes Property Unit Trust has secured tenants for nine units at its Guinness Road Trading Estate in Trafford Park, Manchester, with a combined floor space of 83,000 sq ft.
Two floors let in the City’s Senator House

10 May 2011

Two floors have been let at Senator House, 85 Queen Victoria Street in London.
New occupiers at Brentford’s Great West House

10 May 2011

CLS Holdings has completed several deals at Great West House, its 155,000 sq ft office building on the A4 in Brentford.
Thames Valley tech to drive south-east office growth

10 May 2011

The recovery in the south-east office market is being led by the M4 corridor areas of Hammersmith, Maidenhead and Reading.
Warner's Birkenhead assets brought to the market

6 May 2011

Two Birkenhead shopping centres which formed a part of the Agora Max Fund, a joint venture between Warner Estates and Lloyds Banking Group, have been put up for sale.
Legal and General property acquires Leeds office block

6 May 2011

Legal & General Property has acquired One Whitehall Quay in Leeds from Britannia Invest A/S for its UK Property Unit Trust Fund.
Public consulted on Sea Containers revamp

4 May 2011

The owner of Sea Containers House on London’s South Bank has begun a public consultation on its proposals to refurbish the building, ahead of submitting a planning application in the summer.
London office development doubles in six months

4 May 2011

London has experienced its first rise in office construction for three years, according to the Drivers Jonas Deloitte Crane Survey.
Grainger confirms Lloyds resi deal

4 May 2011

Listed residential landlord Grainger has confirmed its selection as the preferred supplier to asset manage Lloyds Banking Group’s residential properties that are in distress, as tipped by Property Week (03.02.11).
Agents appointed to market LDA Royal Docks land

3 May 2011

Two property firms have been appointed to advise on the sale of the London Development Agency’s two largest remaining assets, both in London’s East End.
Gatehouse buys £53m Scottish Rolls-Royce factory

3 May 2011

Shariah-compliant wholesale bank Gatehouse has bought a Rolls-Royce manufacturing and logistics plant in Glasgow for £52.7m.
Lloyds puts £60m of assets on the market

3 May 2011

Lloyds Banking Group has put a portfolio of 38 distressed properties on the market through Jones Lang LaSalle.
Last three Kenmore assets for sale

28 April 2011

Administrators to the Kenmore Property Group have put up for sale the three remaining assets formerly owned by the company, which collapsed in November 2009.
Liverpool council appoints regeneration director

26 April 2011

Nick Kavanagh has been appointed as Liverpool City Council’s director for regeneration and employment.
Meadow Partners recapitalises Kensington Arcade

26 April 2011

Meadow Partners’ Real Estate Fund has taken control of Kensington Arcade in west London from Englander Group.
Lloyds picks Grainger for resi partnership

26 April 2011

Grainger has been picked by Lloyds Banking Group to help it improve the value of non-performing residential property and development loans, as tipped by Property Week (4.02.11).
DevSecs and Cathedral acquire former EMI HQ

21 April 2011

Cathedral Group and Development Securities have bought the London Gate business park in Hayes, Middlesex from JER Partners, The Blackstone Group and Resolution.
Sainsbury’s wins Bishop’s Waltham consent

20 April 2011

Winchester City Council has granted planning consent for a 40,000 sq ft Sainsbury’s superstore in the market town of Bishop’s Waltham, Hampshire.
Green light for Royal Docks Travelodge

20 April 2011

Citygrove has won planning consent to develop a 131-bed Travelodge in London’s Royal Docks.
Redrow to sell Scots arm and focus on south-east

20 April 2011

Housebuilder Redrow is to sell its loss-making Scottish business in order to concentrate its efforts on developing homes in London and the south-east.
LDA chief becomes Boris's regeneration boss

19 April 2011

The chief executive of the London Development Agency is to become the mayor of London Boris Johnson’s lead regeneration adviser, as part of a wide-ranging reshuffle of his senior team.
Baldry appointed chairman of London & Continental Railways

19 April 2011

London & Continental Railways has appointed a new chairman to replace David Cooksey and promoted a senior member of staff to chief executive.
CBRE poaches Colliers’ Manchester head

18 April 2011

The head of Colliers International’s Manchester office is to leave the firm to join CB Richard Ellis, PropertyWeek.com can reveal.
Green light for Newcastle's Science Central development

15 April 2011

Newcastle City Council has granted outline planning permission to 1NG for its Science Central development in the city.
Galliford and Home preferred for Gateshead resi plan

13 April 2011

Evolution Gateshead, a joint venture between housebuilder Galliford Try and affordable housing provider Home Group, has been appointed preferred bidder for a £347m Gateshead housing programme.
“Cautious” JD Sports reports 28% profit rise

13 April 2011

Retailer JD Sports today reported a 28% increase in pre-tax profits, but warned that it was “very cautious in its outlook”.
BNP PRE poaches BT big gun

13 April 2011

BNP Paribas Real Estate has appointed BT’s former head of global real estate to help expand its UK client solutions team.
Hansteen plans £150m cash-raising

13 April 2011

Hansteen Holdings has proposed a £147m capital-raising through the offer of 185.2m new ordinary shares to fund industrial investment in the UK and continental Europe.
Prupim purchases £67m Tesco Superstore

12 April 2011

Prupim has completed the purchase of a 150,000 sq ft Tesco Superstore in Culverhouse Cross, Cardiff.
One New Change 73% let after deal

12 April 2011

Land Securities have announced that SMBC Nikko Capital Markets Ltd, a subsidiary of Sumitomo Mitsui Banking Corporation, has signed a lease for 34,558 sq ft of office space at Cheapside’s retail and office complex One New Change.
Shell to find ‘Meanwhile’ use for London HQ land

12 April 2011

Royal Dutch Shell has today announced plans to bring a new temporary use to the 43,000 sq ft of space that surrounds the Shell Centre on London’s South Bank.
OPLC ponders neighbourhood naming ideas

12 April 2011

“Plastic Fantastic”, “Redgravia”, and “Hoy Gateway” are among the first names suggested by members of the public for the “neighbourhoods” that are to be developed at the Queen Elizabeth II Olympic Park in London’s East End after next year’s Games.
Controversial Broadgate redevelopment recommended for approval

12 April 2011

The redevelopment of a new 700,000 sq ft HQ for investment bank UBS at Broadgate, which has been criticised by property and architecture grandees, has been recommended for approval by City planning advisers.
Standard Life completes Aberdeen block

12 April 2011

Standard Life Investments has completed and fully let a 90,000 sq ft bespoke headquarters for Hydrasun Group in Aberdeen.
Treasury cedes majority ownership of Battersea

11 April 2011

REO and Treasury Holdings have undertaken a wide ranging debt restructuring that will see it give up majority ownership of Battersea Power Station to its lenders
70 Gracechurch for sale at £200m

8 April 2011

The Irish owner of 70 Gracechurch Street in the City is in talks to sell the building, which houses Marks & Spencer and XL, for around £200m.
Pickles consults on office-to-resi planning changes

8 April 2011

Communities secretary Eric Pickles has today launched a consultation to scrap the requirement for planning consents to convert offices into residential property.
Three shortlisted for Athletes' Village

6 April 2011

Delancey and Qatari Diar, Hutchison Whampoa, and Wellcome Trust have been shortlisted by the Olympic Delivery Authority to buy and manage the £500m Olympic Village in East London.
Manchester development doubles, says DJD Crane Survey

5 April 2011

The number of new development schemes in Manchester has more than doubled in the past year, according to Drivers Jonas Deloitte’s Manchester Crane Survey, which was published today.
McInerney Homes UK arm in administration

4 April 2011

The UK arm of Irish housebuilder McInerney Homes has today been placed into administration, after it failed to | convince a high court judge in January of a rescue plan for its insolvent development businesses.
Menta submits Cherry Orchard Road planning in Croydon

4 April 2011

Urban regeneration company Menta has submitted a planning application to the London Borough of Croydon for 750,000 sq ft of development on its East Croydon station site.
Qatari Diar invests in $700m Washington scheme

4 April 2011

Barwa Bank’s investment banking subsidiary, The First Investor, has raised 100% financing to fund development of a 700,000 sq ft mixed-use scheme in Washington DC, with Qatari Diar as the anchor investor.
Asda to take 38,000 sq ft at Leeds’ Mint

4 April 2011

Supermarket giant Asda is under offer to take 38,000 sq ft of overflow space at the Mint in Leeds in what would be the biggest leasing deal in the city this year.
Interserve’s Buckingham Palace contract extended

4 April 2011

Interserve has won a £108m two-year extension from Defence Infrastructure to look after estates in London including Buckingham Palace and St James’s Palace.
RDAs’ £500m assets go up for sale

4 April 2011

The government has rejected calls to transfer regional development agencies’ assets to the ownership of local authorities and will sell them instead.
Etalon indicates IPO pricing

4 April 2011

Russian residential developer Etalon Group has today announced the indicative price range for its initial public offering on the London Stock Exchange, which was announced on 23 March.
Bruntwood’s City House plans unveiled

30 March 2011

Bruntwood has revealed its redevelopment plans for City House above the train station in Leeds city centre
Boultbee buys £18.5m industrial portfolio

30 March 2011

Boultbee has bought a portfolio of six industrial properties from DTZ for £18.5m, reflecting an initial yield of 8.8%.
Fisher German merges with John Sanders

30 March 2011

Chartered surveying firm Fisher German and John Sanders have merged in a bid to expand in the Worcestershire area.
Drivers Jonas Deloitte to sell 6 acres in Leeds

30 March 2011

Chemicals manufacturer Rhodia has appointed Drivers Jonas Deloitte to sell Wortley Low Mills, a chemicals plant in Leeds.
Scottish Widows and Cushman raise €100m for European retail fund

30 March 2011

Scottish Widows Investment Partnership (SWIP) and Cushman & Wakefield Investors have secured €100m of equity from three European institutional investors at the first close of their Urban Retail Fund.
Spurs seeks judicial review of Olympic stadium decision

30 March 2011

Tottenham Hotspur has called for a judicial review of the Olympic Park Legacy Company’s decision not to award it the use of the Olympic stadium after the Games in 2012.
Peel secures £205m long-term loan from Aviva

30 March 2011

John Whittaker’s Peel Group has today completed a long-term commercial real estate financing with Aviva Commercial Finance.
Fine Gael to resume Nama loan transfers

30 March 2011

Ireland’s department of finance has told its “bad bank” to continue taking over distressed loans, despite the new Fine Gael government having pledged to review this process.
Partner sought for Blackburn Markets

30 March 2011

Blackburn with Darwen Borough Council has launched the search for a development partner to develop a retail-led scheme of the 6-acre Blackburn Markets site in Lancashire.
Two receivership sales at Cannon auction

30 March 2011

Two Nationwide receiverships sales from Cannon Capital’s latest auction have sold for just over £450,000.
Officers Club administration prompts Blue Inc buy

29 March 2011

Officers Club has gone into administration this afternoon for the second time in just over two years with Blue Inc having swooped to acquire 46 of its stores.
Ronson – sun will start to shine again in 2014/15

29 March 2011

Gerald Ronson today said that the property market would not fully recover until 2014 at the very earliest – and that investment outside of London would require “luck, bravery and Alka Seltzer”.
Heron Tower completes

29 March 2011

Heron International has announced it has reached practical completion of the Heron Tower, the tallest building in the City of London.
Derwent challenge stalls Old Trafford redevelopment

29 March 2011

Legal action being pursued by Derwent Holdings has forced Lancashire County Cricket Club to postpone its AGM and postpone the ground’s redevelopment.
Regus sues Lloyds over £1m Maxim fit-out

28 March 2011

Serviced office operator Regus is suing Lloyds Banking Group over claims the bank failed to pay for its fit-out at Maxim business park on the outskirts of Glasgow.
Wheeler and Brixton end employment row

28 March 2011

Brixton and former chief executive Tim Wheeler have ended their row over Wheeler’s exit from the company in early 2009.
Swallow quits Knight Frank Birmingham

28 March 2011

Knight Frank’s head of Birmingham Mark Swallow has resigned.
Sale of GVA’s HQ falls through

28 March 2011

The Algerian Embassy has abandoned plans to buy and occupy GVA’s West End HQ at10 Stratton Street for £65m.
Mount Anvil to redevelop Wandsworth Business Village

28 March 2011

London residential developer Mount Anvil has announced a development agreement with Workspace Group to fund and manage the regeneration of Workspace’s Wandsworth Business Village in south London.
Caffè Nero appoints London agents

25 March 2011

Italian coffee chain Caffè Nero has appointed Lunson Mitchenall to drive its central London acquisition programme.
Two new lettings for Terrace Hill at Quantum

25 March 2011

Terrace Hill has secured two new lettings at its Quantum office scheme in Maidenhead.
Co-Op celebrates Manchester Victoria-Piccadilly link

23 March 2011

The Plan for Growth, which was published today alongside the Budget, pledged £200m funding for rail projects, with a central Manchester rail link set to be the first to benefit.
AUB buys two student accommodation blocks

23 March 2011

Ahli United Bank has bought two student accommodation assets, in London and Leeds, for a total of £38m.
BUDGET 2011: Government to step up public land sales

23 March 2011

The government has announced plans to accelerate release of public sector land for use as housing, including testing out a “build now, pay later” scheme.
BUDGET 2011: Councils to retrospectively cut section 106 payments

23 March 2011

The government has called on local authorities to retrospectively reduce infrastructure payments where they are holding back stalled schemes.
NBCUniversal completes Central St Giles deal

23 March 2011

NBCUniversal International last night completed its deal to take 112,000 sq ft of space at Legal & General Property and Mitsubishi Estate Company’s Central Saint Giles development in London’s West End.
Targetfollow reshuffles senior staff

23 March 2011

Targetfollow’s asset management group have appointed new property and finance directors.
Russian resi developer plans $500m London float

23 March 2011

A Russian residential developer is planning a $500m initial public offering on the London Stock Exchange.
Grainger pays £15m for last 50% of GenInvest JV

22 March 2011

Listed landlord Grainger has bought Genesis Housing Group’s 50% share in Grainger GenInvest Partnerships, a central London residential joint venture that owns 1,630 homes.
CBRE Hotels wins 826-room US instruction

22 March 2011

CBRE Hotels has been appointed to sell or recapitalise the Willow Hotels portfolio, which includes the Shoreham, Mansfield and Franklin Hotels in Manhattan, New York.
Croydon regen chief quits

22 March 2011

Croydon Council’s executive director of planning, regeneration and conservation, Emma Peters, is leaving the council to move into the private sector.
DevSecs buys in Woking

22 March 2011

Development Securities today said it had acquired an office property, Elizabeth House and The Cornerstone, in Woking for £6.55 million, yielding 6.8 per cent.
£371m fund terminates Invista contract

22 March 2011

A listed property fund with assets of £371m has terminated its management contract with Invista Real Estate, the second fund to do so in less than a week.
Corestate buys €85m distressed German residential portfolio

22 March 2011

Switzerland-based private equity firm Corestate has bought a portfolio of 153 residential assets located in the Rhine Ruhr region of Germany valued at €85 million.
Grainger green light for 2,550 Hampshire homes

21 March 2011

Grainger has been granted planning permission for Newlands, a 211 hectare mixed-use development at Waterlooville in Hampshire, by a joint committee of Winchester City Council and Havant Borough Council.
Wainbridge buys £39m office trio

21 March 2011

Property company Wainbridge has bought three office assets in Central London, Croydon and Bristol, for £39m.
Haxted and DevSecs buy £5m Sandbanks resi development site

21 March 2011

Haxted Estates, in partnership with Development Securities, has bought a waterside property in the prime residential location of Sandbanks, Poole, for the development of four luxury apartments.
Cerberus completes Maxim deal

17 March 2011

The restructuring of a 1m sq ft Maxim business park on the outskirts of Glasgow has been completed.
IPD: residential underperformed commercial in 2010

16 March 2011

Residential property underperformed the commercial market for the first time in four years last year.
Tchenguiz wins right to bring Kaupthing lawsuit in UK

16 March 2011

Vincent Tchenguiz’s Consensus Group today won the right for a £1bn lawsuit against Icelandic bank Kaupthing to be heard in the UK.
Intercontinental Hotels CEO steps down

16 March 2011

InterContinental Hotels, the world’s largest hotel operator by number of rooms, has announced that its chief executive Andrew Cosslett will step down at the end of June.
Orchard Street in £13.4m St Albans sale

16 March 2011

Orchard Street Investment Management has sold two office properties at Centrium Business Park in St Albans to ING REIM.
CapCo’s Earls Court consultation launched

16 March 2011

The masterplan for Capital & Counties’ 77-acre Earls Court scheme has been published for consultation, setting out a vision to create four villages and a high street on the Earls Court site, as unveiled in Property Week (04.03.11)
Losing bidder appeals Newham casino decision

15 March 2011

One of the bidders which lost out to Aspers and Westfield Stratford City in becoming the UK’s first large casino is going to appeal Newham council’s decision.
Robert Tchenguiz hits out at SFO

15 March 2011

Robert Tchenguiz is considering legal action against the Serious Fraud Office after his arrest last week.
Treasury submits Battersea public park plans

14 March 2011

Treasury Holdings has submitted plans to Wandsworth Borough Council to create a landscaped park between Battersea Power Station and the river Thames, which would be accessible to the general public from July 2011.
Overflowing Google ponders King’s Cross move

14 March 2011

Google has taken a further 40,000 sq ft of overflow space at 123 Buckingham Palace Road, and is in talks with King’s Cross Central developer Argent to take up to 700,000 sq ft at the north-central London scheme.
Barberry submits Coventry Royal Mail plans

14 March 2011

Barberry Developments has submitted plans to turn the former Royal Mail sorting office in Coventry into a 400,000 sq ft retail-led mixed-use development.
JJB looks for £65m working capital

14 March 2011

JJB Sports plans to raise £65m from a new share placing, the retailer said in a stock exchange statement today.
NewRiver sells £10m of assets

14 March 2011

NewRiver Retail has exchanged contracts to sell Princess House in Shrewsbury to Rockspring, for £9.6m, reflecting a net initial yield of 7.2%.
Southern Cross starts “radical” dialogue with landlords

14 March 2011

Care home operator Southern Cross today announced the appointment of KPMG to advise on its negotiations with landlords and banks, as its share price tumbled by 8.17%.
Croydon unveils transport revamp plans

8 March 2011

Croydon council has signed a funding agreement with Network Rail to deliver a new entrance to East Croydon station, and a footbridge to connect the station to the town centre.
CapCo in Covent Garden property swap

04 March 2011

Co Operative Insurance has sold 1-3 Henrietta Street / 22 Southampton Street in London’s West End to Capital & Counties, in a property swap that sees CapCo bolster its presence in Covent Garden.
Tamar posts slight NAV growth

04 March 2011

Investment company Tamar European Industrial Fund has today reported a 1.2% increase in net asset value in its full-year results.
Government approves West Ham Olympic stadium bid

3 March 2011

The government and the mayor of London Boris Johnson have approved the recommendation of the Olympic Park Legacy Company to make West Ham and the London Borough of Newham the preferred bidder for the future use of the Olympic stadium.
Hines starts redevelopment on Midtown building

3 March 2011

Hines has announced it will start construction of 280 High Holborn in London’s Midtown this month. The 67,000 sq ft office building is being constructed on the former Chichester House site, which is located opposite MidCity Place on High Holborn.
Allianz signs €470m logistics jv with AMB

3 March 2011

AMB Property Corporation has formed a €470m joint venture with Allianz Real Estate to buy logistics properties at major transport hubs in Europe.
Coull and Higgins hired for government property panel

3 March 2011

Property big-hitters including outgoing Segro chief Ian Coull, former Lend Lease chief David Higgins, and ex-Lehman Brothers managing director Gerald Parkes have been appointed to a new property advisory panel to scrutinise the work of the Government Property Unit.
Evans Randall completes 60 Gracechurch Street sale

2 March 2011

Evans Randall has completed the sale of 60 Gracechurch Street to a German limited partnership fund established by KGAL for around £120m.
Goodman wins 1.2m sq ft German Amazon shed deal

2 March 2011

Goodman Group is to develop a 1.2m sq ft shed for Amazon in Rheinberg, Germany.
Former JLL senior partner Noel Taylor dies

2 March 2011

Noel Taylor, the former senior partner of Jones Lang LaSalle, has died at the age of 91.
Aberdeen wins €300m Swedish portfolio mandate

2 March 2011

Aberdeen Asset Management has been appointed to manage a €300 property portfolio in Sweden on behalf of Danish company Provinsfastigheter.
Cross-border deals jump by 60%

2 March 2011

Global cross border investment increased by 60% year-on-year in 2010, accounting for 40% of all commercial property deals, according to new research by Jones Lang LaSalle.
Unite adopts new London student housing focus

2 March 2011

Unite Group, the student accommodation company, is to change its business model, by focusing on London and retaining ownership of its developments.
Westfield’s Lowy moves aside

2 March 2011

Westfield Group’s founder and executive chairman Frank Lowy is to step back into a non-executive role, handing control to his two sons, Peter and Steven, who will become joint chief executive officers.
St Modwen JV gets Wolverhampton Goodyear consent

2 March 2011

A joint venture between St Modwen and Persimmon has secured planning permission for a £50m residential development in Wolverhampton.
Westfield unveils images of first Stratford offices

1 March 2011

Westfield has completed the first 130,000 sq ft office building in its 1.1 million sq ft office development at Westfield Stratford City.
TIAA-CREF buys half of Google’s London HQ

1 March 2011

The US teachers’ pension fund has been confirmed as the buyer of Henderson Global Investors’ 50% stake in Google’s London HQ, as revealed by Property Week (03.12.10).
Sunderland council buys Vaux brewery site for £22m

1 March 2011

Sunderland City Council, regional development agency One North East and the Homes and Communities Agency (HCA) have bought the 26-acre former Vaux brewery site from Tesco, ending a 10-year row over the site’s future.
DJD delivers Manchester ITV studios masterplan

1 March 2011

Drivers Jonas Deloitte has advised on a masterplan to regenerate Manchester’s Water Street area with the creation of a mixed-use scheme surrounding the site of the former Coronation Street set.
DevSecs cautious as market still lacks “clarity”

1 March 2011

Development Securities today issued a cautious statement on the outlook for the property sector, alongside its results for 2010.
Safestore appoints new chief executive

1 March 2011

Peter Gowers has today taken over as chief executive of listed self-storage business Safestore following the retirement of Steve Williams.
HMV in talks with lenders after profit warning

1 March 2011

Retailer HMV said in a trading update today that it was in talks with its lenders to avoid breaching debt covenants at the end of the financial year.
HCA consults on HomeBuy rationalisation

28 February 2011

The Homes and Communities Agency has today detailed its plans to centralise the HomeBuy network by rolling 13 organisations in England into a single national body.
Countrywide buys north-east agency

28 February 2011

Countrywide has bought north-east residential lettings agent Property Quarters, which operates offices out of North Shields and Whitly Bay.
Henderson buys £33m Cambridge retail asset

28 February 2011

Henderson Global Investors has bought Christ’s Lane, a high street asset in Cambridge, from Land Securities for £33.16m, representing a 5.25% net initial yield.
Tesco agrees £170m Chinese shopping centre JV

28 February 2011

Supermarket giant Tesco has signed an agreement to set up a joint venture to develop shopping centres in China.
Foyles set to relocate to St Martin's School of Art

28 February 2011

Foyles is to relocate its world famous Charing Cross Road bookstore 15 yards down the road to the redundant Central St Martin’s School of Art.
Prism shines on £300m Edinburgh scheme

25 February 2011

Canadian development company Prism is understood to be on the brink of agreeing to unlock Edinburgh’s biggest stalled development site, the 9-acre Caltongate scheme in the city centre.
Lucidus signs at 55 New Bond Street

23 February 2011

Hedge Fund manager Lucidus Capital has leased the third floor of Fenwick’s 55 New Bond Street.
Apple takes last floor at 1 Hanover St

23 February 2011

Apple has taken the 26,750 sq ft fourth floor at 1 Hanover Street in London’s West End, bringing the technology giant’s total occupancy at the property to more than 50,000 sq ft.
Virgin Money opens Edinburgh HQ

23 February 2011

Virgin Money has taken the lease at 28 St Andrew Square, a 30,000 sq ft building in Edinburgh, to use as its new headquarters in what has been reported as the biggest city centre deal in Edinburgh since 2009.
CapCo in Far East talks over Earls Court funding

23 February 2011

Capital & Counties is in early stage talks with Asian investors to get funding for the largest prime residential scheme in west London.
MirLand refinances $43m of debt

23 February 2011

MirLand, the listed Russian developer, has refinanced two loan facilities totalling $43.1m.
Capital Shopping Centres reports solid annual results

23 February 2011

Capital Shopping Centres increased its net asset value by 15% last year.
DE&J Levy hires Capita Symonds West End guru

22 February 2011

DE&J Levy has paoched Patrick Ryan from Capita Symonds as a salaried partner to specialise in occupier agency in London’s West End.
Swinney: Scots councils must be more realistic on developer contributions

22 February 2011

Local authorities in Scotland need to be more realistic about the level of developer contributions according to Scottish cabinet secretary for finance and sustainble growth, John Swinney.
St. Modwen gets go-ahead for Swansea science park

22 February 2011

St. Modwen Properties has been granted outline planning permission for the Bay Science and Innovation Campus for Swansea University, which is situated at a former BP storage site on the outskirts of Swansea.
Lothbury completes £50m of deals

22 February 2011

Lothbury Investment Management has confirmed that it has bought a £23.35m redevelopment opportunity in London’s West End, originally tipped by Property Week (14.01.11), as it announces completion of three deals worth £50m this year.
David Wilson buys former nuclear site in Oxfordshire

22 February 2011

David Wilson Homes has bought a 15ha brownfield site next to a science park in Oxfordshire for the development of 275 homes.
Scots call for public sector sale-and-leasebacks

22 February 2011

The Scottish Property Federation has called on the government to consider a sale and leaseback of property owned by the public sector, in a bid to raise up to £25bn.
Standard Life sues Topland over 2003 Holborn deal

21 February 2011

Investment company Topland is being sued over the £58m purchase of a Holborn property in 2003, because the vendor Standard Life alleges that Topland failed to disclose details of negotiations with the tenant while the deal was being done.
Henderson in £70m King’s Cross P&O tie-up

21 February 2011

Henderson Global Investors has entered into a joint venture with Istithmar P&O Estates to develop the £70m final phase of its Regent Quarter scheme on York Way, next to King’s Cross station in London.
Westfield plans White City extension

18 February 2011

Westfield has revealed it is looking to submit a planning application for the extension of its Westfield London shopping centre in White City later this year.
Defence Estates replaced by merged infrastructure body

16 February 2011

The government has today confirmed plans to replace the Ministry of Defence’s property arm with a merged infrastructure body called Defence Infrastructure, as revealed by Property Week (02.11.10).
Highbridge gets data centre approval

16 February 2011

Highbridge Properties has achieved planning consent for a 36,150 sq ft speculative data centre in North Tyneside.
LDA completes Berkeley Royal Arsenal land sales

16 February 2011

The London Development Agency has sold the remaining land around the £1.5bn Royal Arsenal site in London to its development partner, Berkeley Homes.
RICS call to honour Labour's property promises

16 February 2011

The RICS has called on the government to follow through on a pledge made by the previous administration to save £25bn through better management of the public estate.
UK property beats rest of Europe, says CBRE

16 February 2011

The UK property market grew in value by 8.9% in 2010, almost double that of its nearest European competitor, according to the latest research by CB Richard Ellis.
NAO questions government’s Olympic legacy hopes

16 February 2011

Delivering a successful Olympic Games in 2012 could mean the government’s legacy ambitions for East London will suffer, the National Audit Office has warned today.
Helical life “far from dull”

16 February 2011

Life at listed development company Helical Bar is “far from dull”, chief executive Mike Slade said today, as it confirmed shopping centre acquisitions of £34m.
Snow business at the Olympic media centre

15 February 2011

Artificial snow centre company Acer Snowmec has made a bid to turn the £330m Olympic media centre into an indoor ski resort after the Games.
Cushman appoints new chairman

15 February 2011

Carlo Sant’Albano, chief executive of Exor, the majority shareholder of Cushman & Wakefield, is to become chairman of Cushman in early March.
Surrey Canal regeneration submitted for planning

14 February 2011

Regeneration company Renewal has lodged plans for the redevelopment of a 30-acre site around Millwall’s New Den stadium.
Plans lodged for 143 King’s Cross Central Homes

14 February 2011

King’s Cross Central developer Argent has submitted plans for the fourth residential development on the 67-acre site in London, with plans to deliver 143 affordable homes.
Hazledene completes Scots record rent deal

14 February 2011

The 125,000 sq ft ‘IQ’ building in Aberdeen has been fully let to two tenants, as revealed by Property Week (27.01.11), in a deal that sets a record rent for Scotland of £31 / sq ft.
Boris call for clarity on 1.9m sq ft Chelsea Barracks plan

14 February 2011

The mayor of London’s office has demanded minor changes to Qatari Diar’s outline plans for the redevelopment of the Chelsea Barracks.
West Ham leads Olympic stadium race

10 February 2011

West Ham has emerged as the front runner to relocate its football ground to the Olympic stadium after the Games in 2012, according to reports.
Hammersmith & Fulham council confirms eight property sales

9 February 2011

Hammersmith & Fulham Borough Council has approved plans, first revealed by Property Week (07.01.11), to sell eight council buildings in a bid to reduce its historic £133m debt.
Tesco completes £685m sale-and-leaseback deal

9 February 2011

Tesco has completed a new sale and leaseback transaction in the latest phase of its ongoing programme to release value from its UK property portfolio.
Pickles green light for Battersea

9 February 2011

Plans for the redevelopment of Battersea Power Station have today been given final approval by the Secretary of State for Communities and Local Government, Eric Pickles.
Green light for "Large Casino” in Hull

9 February 2011

Hull City Council has approved plans for the development of a £100m casino-led leisure and entertainment scheme on the River Hull.
Sainsbury’s pulls out of King’s Cross move

9 February 2011

Developers behind the £2bn King’s Cross Central scheme today confirmed that they are re-marketing a 250,000 sq ft office site originally set aside for a new Sainsbury’s HQ, as first tipped by Property Week (5.11.10).
Oak asks investors to say Yes!

9 February 2011

AIM-listed property company Oak Holdings is trying to raise new equity, two weeks after Rotherham council withdrew its support for the £350m Yes! “entertainment resort” in Rotherham.
Quintain continues fund management progress

9 February 2011

Quintain said this morning it was on track to hit its targest of £1.25bn of funds under management by the year end.
Heavy-hitters make the cut for Oxford homes development

8 February 2011

Oxford City Council has announced a shortlist of four high-profile property companies that could be picked to build up to 1,000 homes in Barton.
New Spurs stadium images unveiled

8 February 2011

Tottenham Hotspur today released an image of the proposed 60,000 capacity football stadium that it would develop in place of the Olympic Stadium in East London.
Man Utd in talks for Mayfair expansion space

8 February 2011

Manchester United FC is taking a lease at 5 Stratton Street in London’s Mayfair, London, as it expands its commercial operations beyond existing offices in St James’s.
Boris launches plans to widen Olympic legacy area

8 February 2011

Plans to merge the Olympic Park Legacy Company with the Mayor of London’s office and expand its remit beyond the Queen Elizabeth Olympic Park have been published for consultation this week.
Selbourne signs two Altrincham office occupiers

8 February 2011

Cheshire-based property company Selbourne Group has signed new office occupiers at two of its properties in Altrincham.
DJD to search for new Bank of England City office

4 February 2011

Drivers Jonas Deloitte has been appointed by The Bank of England to search for new office space near its Threadneedle Street HQ that would house a successor body to the Financial Services Authority.
Regional rents in recession, says DJD research

4 February 2011

Office rents dropped across every major regional city but Manchester in 2010, cementing the property gap between London and the rest of the country, research by Driver Jonas Deloitte has shown.
Barratt’s Basildon plans submitted

2 February 2011

Barratt Wilson Bowden, the commercial development arm of Barratt Homes, has submitted plans for the £1bn regeneration of Basildon town centre in Essex.
Benefit cuts to spark social landlord exodus

2 February 2011

New research by the British Property Federation has found that nine in ten social landlords are unwilling to cut rents in line with housing benefits cuts, a trend which could spark an exodus from the sector.
Q-Park wins Westminster car park mandate

1 February 2011

Westminster City Council has granted the leases on 14 of its car parks to Q-Park, which will operate them and invest £10m in their refurbishment.
Deloitte takes High Holburn business centre space

1 February 2011

Deloitte has agreed to take 9,000 sq ft of space at Orega’s High Holborn business centre in London, three months after the centre’s opening.
3,205 new London homes stalled

1 February 2011

Up to 3,205 homes in London are on hold until development finance can be secured, according to research published today by CB Richard Ellis.
Savills and JLL to set up government property vehicles

1 February 2011

Savills and Jones Lang LaSalle have been appointed by the Government Property Unit to help it establish property vehicles to own and manage up to 65m sq ft of government office estate in London and Bristol, PropertyWeek.com can reveal.
Burberry finds new Regent Street Habitat

28 January 2011

Luxury fashion retailer Burberry is in talks to take over Habitat’s store on Regent Street, PropertyWeek.com can reveal.
Record rent at Aberdeen’s IQ building

27 January 2011

The 125,000 sq ft ‘IQ’ building in Aberdeen is on the brink of being fully let to two tenants, in a deal that would set a record rent for Scotland of £31 / sq ft.
Young Group Index: Private Rented Sector Investor Sentiment - Q4 2010

27 January 2011

The final Young Index Survey of Private Rented Sector (PRS) sentiment for 2010 focuses upon investors’ hopes and expectations for 2011.
Post-Olympic operators sought for Aquatics Centre and Multi-Use Arena

26 January 2011

The Olympic Park Legacy Company has today begun its search for operators of the Aquatics Centre and Multi-Use Arena.
Waltham green light for Solum regeneration

25 January 2011

The London Borough of Waltham Forest’s council has granted planning permission for the £20m regeneration of the area around Walthamstow Central Station.
Council terminates Oak's £350m Rotherham YES scheme

24 January 2011

Rotherham Borough Council has terminated its agreement to allow the AIM-listed Oak Holdings to develop a £350m leisure resort next to the Rother Valley Country Park in South Yorkshire.
London investment up 50% in 2010

24 January 2011

Investment transactions in the West End rose 115% in 2010 compared with the previous year, according to new figures.
Barclay brothers take Claridge’s stake

24 January 2011

Sir David and Sir Frederick Barclay are understood to have bought a quarter stake in Maybourne Hotel Group, which owns the Berkeley, Claridge’s and the Connaught in London.
Crown Estate buys £34m SW1 lease

19 January 2011

Invista Real Estate Investment Management has sold the 73-year leasehold interest in 10 Spring Gardens in London’s St James’s to the Crown Estate, which owns the freehold, for £34m. The sale reflects a yield of 6.7%.
Property Alliance Group hires former Tesco exec

19 January 2011

Manchester-based developer Property Alliance Group has appointed former Tesco executive John Clarke to lead its retail and leisure development in the north-west.
Boris nod for student housing at King’s Cross

18 January 2011

London mayor Boris Johnson has granted planning permission for 657 beds of student accommodation at the King’s Cross Central development in London.
Invesco completes £17m Bromley buy

18 January 2011

Investment manager Invesco Real Estate has completed its first purchase for its third UK fund. It has bought a 104,026 sq ft retail property in Bromley, south-east London for £17.05m.
Galliard Homes reveals Chiltern Street Car Park plans

17 January 2011

Plans for the residential redevelopment of London’s Chiltern Street Car Park have been unveiled, after an application was submitted to Westminster City Council.
Boris to impose £300m infrastructure tax

17 January 2011

London mayor Boris Johnson is to impose a community infrastructure levy on development in the capital in a bid to raise up to £300m.
£50m One Hyde Park retail sell off

17 January 2011

The three retail units that form part of One Hyde Park are to be put on the market for £50m – a 3% yield.
CBRE in €1bn ING talks

17 January 2011

CB Richard Ellis is the final party remaining in talks to buy ING Real Estate Investment Management, the world’s largest property fund manager.
BBC to let vacant White City space as “creative campus”

17 January 2011

Developer TCN has partnered with the BBC to turn a 60,000 sq ft building in White City in west London into a workspace for creative industries.
Max Property completes pubs sale and leaseback

14 January 2011

Max Property Group has completed the sale and leaseback of 29 freehold pubs let to Enterprise Inns for £42.6m.
HSBC to fund Amazon mega-shed

14 January 2011

HSBC Specialist Investments is to fund online retailer Amazon’s new 1m sq ft distribution centre in Dunfermline, Scotland, it was confirmed today.
Land Securities head of London investment to leave

14 January 2011

Land Securities’ head of investment management for the London Portfolio, Richard Linnell, is to leave the company next month.
Blackmore buys Hilton hotel at Exeter Airport

14 January 2011

Blackmore Capital had made its second investment for its Branded Commercial Opportunities Fund, buying the Hampton by Hilton hotel at Exeter Airport.
Government Property Unit launches consultancy bids

14 January 2011

Twelve property consultancy firms have been invited to bid for millions of pounds worth of work helping set up government-owned property vehicles in London and Bristol.
Glasgow takes plunge on £30m floating village plan

12 January 2011

Manchester-based developer Floating Concepts has been picked as the preferred bidder to develop a £30m floating village at Pacific Quay in Glasgow.
CapCo faces "localist" stumbling block

12 January 2011

Capital & Counties has hit a fresh planning hurdle in its proposed 67-acre redevelopment of the Earl’s Court area in west London.
Barratt to launch parent loan scheme

12 January 2011

House builder Barratt has teamed up with Hitachi Capital to offer £50,000 loans to parents wanting to buy Barratt homes for their children.
Council green light for Bradford science park

11 January 2011

Plans for a 170,000 sq ft science and technology park in Baildon, Bradford have been given outline planning permission by Bradford Council.
Central London take-up rises 37%

11 January 2011

Central London take-up increased by 37% in 2010, according to year-end figures released today by Capita Symonds.
Azure sells last petrol station in £200m portfolio

10 January 2011

Azure Property, the joint venture between Palmer Capital and RREEF Alternative Investments, has sold the last property in its 104 petrol station portfolio bought in 2005.
Gilbertson set for Knight Frank role after PwC exit

4 January 2011

Barry Gilbertson is set to retire as a partner at accountancy firm PwC and take up a non-executive role at property agency Knight Frank.
Boris nod for £5.5bn Battersea plans

22 December 2010

London mayor Boris Johnson has given the green light to the planned £5.5bn redevelopment of Battersea Power Station in London.
Council picks up Targetfollow’s £100m Stockport development site

22 December 2010

Stockport Council is set to buy the Grand Central leisure complex in Greater Manchester from the collapsed subsidiaries of property company Targetfollow, under plans to attract £100m of private money for its redevelopment.
Hermes cancels Bluewater stake sale

22 December 2010

Hermes Real Estate has unexpectedly cancelled the sale of its sale of a 7.5% stake in the Bluewater shopping centre in Kent, propertyweek.com can reveal.
Nama picks up €70bn of property loans

21 December 2010

Ireland’s National Asset Management Agency confirmed last night that it had taken on 11,000 loans worth €70bn from Ireland’s biggest property companies.
JP Morgan also buys 60 Victoria Embankment

20 December 2010

JP Morgan has bought 60 Victoria Embankment in the City, an office that was once valued at £350m.
Intermediate Capital Group snaps up stake in debt specialist Longbow

17 December 2010

FTSE 250-listed mezzanine finance company Intermediate Capital Group today announced it had bought a majority stake specialist property debt firm Longbow Real Estate Capital.
Finance man Sleath to replace Coull as Segro chief

16 December 2010

Segro has appointed David Sleath to replace Ian Coull as chief executive of the industrial REIT.
MEPC kickstarts £470m refinancing

15 December 2010

Business park developer MEPC today said it will paydown £102m of its £470m of securitised debt, as the first stage of a wider refinancing.
Cannon Estates buys Gucci HQ

15 December 2010

Cannon Estates has exchanged contracts on the £18m purchase of 4 Grafton Street, the Grade 1 listed Gucci headquarters.
Great Portland unlocks 86,000 sq ft refurb

15 December 2010

Great Portland Estates is to surrender seven leases held by Telewest UK at 160 Great Portland Street, London, to allow it to undertake a major upgrade of the property.
Hammerson completes £557m Bishops Square disposal

15 December 2010

Hammerson today announced the completion of the sale of its Bishops Square office building in the City, owned in a 25:75 joint venture with the state of Oman, to JP Morgan Asset Management for £557m.
Exane takes 43,000sq ft at 1 Hanover Street

14 December 2010

BNP Paribas subsidiary Exane has taken 43,000 sq ft at 1 Hanover in London’s Mayfair at £70 / sq ft, as tipped by Property Week (22.10.10).
Government to close 141 courts

14 December 2010

The Ministry of Justice is closing 141 courts across England and Wales, raising the prospect of a £38.5m government sell-off of town centre assets.
Raymond Blanc cooks up first north-west restaurant

14 December 2010

Celebrity chef Raymond Blanc has confirmed plans to open a restaurant at Neptune Developments’ Mann Island in Liverpool city centre.
53-59 Chandos Place sold for £17m

13 December 2010

A 19,500 sq ft office block in the West End has been sold to a private French investor for £17.3m.
Government publishes Localism Bill

13 December 2010

The government has today published its draft Localism Bill that will bring forward huge changes to the UK planning system.
Henderson Global Investors acquires FedEx distribution unit in Newcastle Under Lyme

13 December 2010

Henderson Global Investors has bought a 103,000 sq ft distribution unit from a private investor for £6.34m.
HOOPP links together with Crown

13 December 2010

The Crown Estate has sold a 50% stake in its £100m St James’s Gateway development in London’s West End to HOOPP, a Canadian pension fund.
Cushman appoints Centros head of leasing

8 December 2010

Cushman & Wakefield has appointed the head of leasing at regeneration developer Centros to its southern agency team.
Wandsworth rejects Tooting hospital scheme

8 December 2010

Wandsworth borough council has rejected plans for a mixed-use development at Springfield Hospital in Tooting, London.
Kadoories to pick up 25-27 St George’s Street

8 December 2010

A wealthy Hong Kong family is poised to buy 25-27 St George Street in the West End for around £70m from Aegon Asset Management, as tipped by Property Week last Friday.
OPLC appoints six agents

7 December 2010

The Olympic Park Legacy Company (OPLC) has appointed a panel of consultants to provide ad hoc property advice as it decides how to use the Olympic site after the Games in 2012.
L&G sells Walbrook Square leasehold to Bloomberg for new HQ

6 December 2010

Legal & General today confirmed that it has sold a long-leasehold interest on its Walbrook Square development scheme to media company Bloomberg, which will develop a 500,000 sq ft headquarters on the City site.
Highcross pays £16.3m for Silverburn House in Aberdeen

6 December 2010

Highcross has bought Silverburn House in Aberdeen for £16.27m. The deal reflects an initial yield of 10.03%, rising to 11.08% in 2012.
Great Portland buys £40m St James’s Street office

6 December 2010

Great Portland Estates has placed 20 St James’s Street in London’s West End under offer for around £40m, PropertyWeek.com can reveal.
BNP Paribas Real Estate buys site at King's Cross Central

3 December 2010

BNP Paribas Real Estate will launch its continental development business in the UK after having acquired a development site at Argent’s King’s Cross Central scheme, as first tipped by Property Week (05.11.10).
Gerald Eve in West End move

1 December 2010

Gerald Eve has relocated its West End headquarters to Welbeck Street in London.
USS buys Savoy Court for £45m

30 November 2010

Redevco has sold Savoy Court, an office block in London’s West End, to the Universities Superannuation Scheme (USS) for £45m, representing an initial yield of 6.25%.
Scott becomes Grosvenor trustee

30 November 2010

Alexander Scott has been appointed to replace Lord Home as a trustee of the Grosvenor Estate.
CBRE starts prospecting for business centres

30 November 2010

CB Richard Ellis has been appointed by Prospect Business Centres to find sites to help it expand nationally.
Pickles approves £4.5bn Wirral Waters scheme

30 November 2010

Wirral Waters, Peel’s £4.5bn regeneration scheme in Merseyside, has been granted final planning approval by the secretary of state.
Unite transfers £144m of student housing to fund

29 November 2010

Student accommodation developer Unite has sold £144m of assets into its UK Student Accommodation Fund.
Bob Neill: £517m for Olympic legacy

26 November 2010

Local government minister Bob Neill yesterday confirmed plans to provide up to £217m for the Olympic Park Legacy Company as part of a bigger package of funding designed to secure the Olympic legacy.
Large UK REITs losing relevance and risk being swallowed up

25 November 2010

The large UK REIT sector is losing relevance compared to other sectors of the stock market, the IPF/IPD conference I Brighton heard today.
IPF/IPD Conference: Bankers and borrowers need better understanding, conference hears

25 November 2010

Lenders and borrowers need to gain a greater understanding of how each others business works if the property sector is going to return to growth, the IPF/IPD conference in Brighton heard this morning.
Houston warns of lost generation

25 November 2010

Property veteran Robert Houston warned that property risks losing a generation of young professionals at the IPF/IPD conference in Brighton today.
Emirates REIT eyes London listing

25 November 2010

A new REIT was established Dubai this week, and is likely to list in London within the next 18 months.
Curtis to manage Grosvenor Liverpool Fund

24 November 2010

Grosvenor has appointed Sarah-Jane Curtis as fund manager of the Grosvenor Liverpool Fund.
Rob Noel: higher fees would speed up planning

24 November 2010

Westminster Property Association and a group of eight local authorities have called on decentralisation minister Greg Clark to allow town halls to raise fees in order to accelerate the planning process.
Quintain to help build Portuguese “tech city”

24 November 2010

Quintain has agreed to provide property advice to Living PlanIT, an urban technology company that is looking to develop a 1,700ha city at in the north of Portugal.
Green light for Preston's £700m Tithebarn scheme

23 November 2010

A £700m mixed-use regeneration scheme in Preston, proposed by Lend Lease, has been approved by the secretary of state after a planning inquiry.
Aberdeen council appoints Watts as chief executive

23 November 2010

Aberdeen City Council has appointed Valerie Watts as its chief executive.
Reuben brothers unwrap “Cucumber”

22 November 2010

The Reuben brothers are this week set to submit a revised planning application for a proposed 42-storey tower in Westminster.
4m sq ft of West End offices ‘lost’ to other uses

22 November 2010

More that 4m sq ft of offices in Westminster have been converted to other uses during the past 10 years, as West End landlords take advantage of prime housing and hotel values.
New London development starts down, DJD says

22 November 2010

Despite the perception of a boom in development in London, new starts were down 52% compared to six months ago, the latest Drivers Jonas Deloitte crane survey showed.
Investec drafts in Urban Splash in Brighton

19 November 2010

Investec has teamed up with developer Urban Splash on the workout of a Brighton development loan.
Heron Tower secures Landmark as second tenant

19 November 2010

Serviced office provider Landmark is under offer to take 36,000 sq ft at the Heron Tower in the City, and is set to pay the highest City rent this year.
West Ham kicks off Upton Park developer search

19 November 2010

West Ham United Football Club has kicked off the search for a developer for the historic Upton Park Stadium in Newham, London.
Henderson set to rescue Silver Hill scheme

19 November 2010

Henderson Global Investors is understood to be in detailed negotiations to take over Thornfield Properties’ stalled Silver Hill scheme in Winchester.
One Blackfriars to be brought to market in new year

16 November 2010

The administrators to a London development site formerly owned by Beetham Organization and Russian developer Mirax, is to be brought to market in the new year.
UBS hires Mackaness for business development role

16 November 2010

Peter Mackaness has joined UBS Global Asset Management’s global real estate business to head its business development area in the UK.
JLL veteran Orr joins Hawkpoint

16 November 2010

Hawkpoint, the corporate advisory arm of the Collins Stewart Group, has appointed Jones Lang LaSalle veteran Robert Orr as a senior adviser.
Lamothe appointed to CBRE Investors

15 November 2010

CB Richard Ellis Investors announced today the appointment of Jean Lamothe as President of CB Richard Ellis Investors Europe.
Fee cutting is no way to emerge from recession

12 November 2010

The fee cutting that was prevalent as property last emerged from recession is back in a big way and valuation is the most brutal battlefield of all
Pound stretches

12 November 2010

Value retailer Poundstretcher plans to “aggressively” expand to 500 stores in the UK by the end of 2012
Green light for Aberdeen public property joint venture

10 November 2010

Aberdeen City Council has agreed to set up a city development company into which it will transfer publicly-owned assets for redevelopment.
Pickles acted unlawfully in revoking regional planning

10 November 2010

Communities secretary Eric Pickles acted unlawfully in unilaterally revoking the system of regional planning strategies in England, the High Court has found today.
Great Portland shines with 11% NAV growth

10 November 2010

Great Portland Estates this morning revealed a very strong set of half-year results and a step-up in its development programme.
Union buys Glasgow’s Equinox building

10 November 2010

Union Investment has acquired the Equinox Building in Glasgow for its open-ended real estate fund UniImmo: Deutschland.
Tice appointed CEO of CLS Holdings

10 November 2010

Richard Tice is to become CEO of European secondary office investor CLS Holdings at the beginning of next year.
Agents appointed on Shard and London Bridge Place

10 November 2010

Four office leasing agents have been appointed to market space at the Shard and London Bridge Place, in one of the largest ever City occupational mandates.
TIF legislation due next July

8 November 2010

The government plans to introduce a bill next July that will allow local authorities to fund regeneration by borrowing against future business rate rises, using tax increment financing (TIF).
McCready: property vehicles to be publicly owned (video)

5 November 2010

The government wants to keep its property vehicles in public ownership, Property Unit chief John McCready has told Public Property UK.
UPP completes £24m Kent student investment deal

5 November 2010

UPP has completed a £24m transaction with the University of Kent to build a new student accommodation facility.
City Property Association calls for better design following CABE wind up

5 November 2010

The City Property Association this week called on the City to continue to emphasise and champion good design following the decision to wind up the Commission for Architecture and the Built Environment following the Spending Review.
Administrators poised in City

05 November 2010

One of the largest development sites in the City of London is on the brink of going into administration, Property Week has learnt
Westfield submits plans for Broadmarsh

4 November 2010

Westfield has submitted plans to Nottingham City Council for the re-configuration of the Drury Walk entrance of the Broadmarsh shopping centre. The move is the latest in a series of improvements to the Nottingham shopping centre.
Evans Randall completes Drapers Gardens buy

4 November 2010

Evans Randall yesterday completed the £242.5m purchase of the Drapers Gardens office complex in the City of London.
£1.3bn bank HQ sell off

4 November 2010

The London headquarters of two of the world’s largest investment banks have been are set to be put up for sale.
Wereldhave set for return to UK retail with £80m Poole buy

3 November 2010

Dutch property investment company Wereldhave has emerged as front runner to buy Grosvenor’s Dolphin shopping centre in Poole for more than the £80m asking price.
BCSC 2010: UK only G8 country to have old style lease structure

2 November 2010

“The UK is the only G8 country still to operate with our lease structure,” Lawrence Hutchings, managing director UK retail at Hammerson, said at the BCSC conference today.
BCSC 2010: Retailers and landlords are foe masquerading as friends

2 November 2010

Terry Hartwell, group property director at supermarket chain WM Morrison, spoke out at BCSC conference about the relationship between landlord and retailers.
London Development Agency to shed two-thirds of staff

29 October 2010

The London Development Agency is set to cut 216 workers as its 2011-12 budget is set to be reduced by around two-thirds.
CLS to expand in Munich

28 October 2010

CLS is to develop 17,674 sq ft of space at its office and light industrial property, Gräfelfing, in Munich.
Government to legislate for tax increment finance

28 October 2010

The government will introduce new primary legislation to implement tax increment financing (TIF), allowing local authorities to kick start developments by borrowing against future business rate increases.
Government approves 24 local enterprise partnerships

28 October 2010

The government has given the green light to 24 partnerships between local businesses and councils to replace regional development agencies (RDAs).
NewRiver Retail to convert to a REIT

28 October 2010

David Lockhart’s AIM-listed NewRiver Retail is to convert to a REIT and issue new stock to a private equity firm.
Edgley to leave JLL for Brockton

28 October 2010

Jones Lang LaSalle head of corporate finance Tony Edgley is to leave the firm at the end of the year to join private equity fund manager Brockton Capital.
Brockton makes three hires and promotions

28 October 2010

Brockton Capital has made a series of hires and promotions.
RDAs cut 424 workers in five months

28 October 2010

England’s regional development agencies have lost 424 staff in total since the general election in May.
UK property industry faces financing "black hole"

28 October 2010

The Scottish Property Federation (SPF) is due to warn later today that the UK property industry faces a financing “black hole”.
Suits You in administration

27 October 2010

Speciality Retail Group, the company behind 66-store menswear chain Suits You, has been bought by restructuring specialists GA Europe and put into administration.
Targetfollow subsidiaries in administration

27 October 2010

Subsidiaries of private property company Targetfollow has been placed into administration, a court heard this afternoon.
Property Week Global is Digital magazine of the Year

27 October 2010

Property Week Global Interactive was today named News & Business Magazine of the Year at the Digital Magazine Awards.
CBRE and JLL roar on after strong Q3

27 October 2010

The world’s two largest property service firms revealed strong third quarter results last night, and were confident about their short-term prospects in spite of global economic uncertainty.
RDA bill to reach £1.4bn over the next four years

26 October 2010

To read the full story on www.PublicPropertyUK.com, click here: RDA bill to reach £1.4bn over the next four years
Rotherham commissions Colliers retail study

26 October 2010

Rotherham Metropolitan Borough Council has instructed Colliers International to conduct a retail and leisure study of Rotherham following a competitive tender.
Leisure developer sought for 126 acre Lee Valley site

25 October 2010

The Lee Valley Regional Park Authority has begun the search for a developer to lead the redevelopment of a 126 acre leisure complex in Edmonton, London.
London Assembly calls for clarity on LDA budget axe

25 October 2010

The Greater London Assembly has today demanded “urgent clarification” following reports that the London Development Agency was set to lose its £156m non-Olympics budget in the next financial year.
Birmingham to lose 79 jobs in planning team shake-up

22 October 2010

Birmingham City Council is set lose 79 full-time posts as it merges its planning and regeneration departments into a single team.
RTPI appoints new chief

22 October 2010

Trudi Elliot has been appointed as chief executive of the Royal Town Planning Institute.
Carlyle agrees BSI Tower sale

22 October 2010

Carlyle Group is making its first disposal from the £670m Thames portfolio, by selling the BSI Tower in Chiswick to US private equity investor Harbert and developer and asset manager Canmoor
Central St Giles leads West End lettings leap

22 October 2010

The West End office market has enjoyed a surge in lettings, as deals are agreed at some of London’s most prominent properties, lead by the newly completed Central St Giles
Lloyds’ new £600m hit

22 October 2010

The catastrophic losses incurred by HBOS from its equity investments in commercial property were laid bare this week, as it emerged that the company wrote off almost £600m of the value of its main property co-investment vehicle last year.
Osborne confirms London and Bristol property vehicles

20 October 2010

The government has today confirmed plans to introduce two property vehicles to own and manage its office estate, one in central London and one in Bristol.
Spending Review: Chancellor adds £400m to Regional Growth Fund

20 October 2010

The government will add £400m to the planned Regional Growth Fund designed to stimulate private sector projects, topping up the pot to £1.4bn over the next three years.
Spending Review: Osborne confirms new council spending powers

20 October 2010

Chancellor George Osborne today said that the government would implement “massive devolution of financial control” to local authorities, including the tax increment financing (TIF) model for funding infrastructure.
Spending Review: asset sales among £6bn back-office cuts

20 October 2010

Asset sales and property savings are among £6n of planned cuts to administrative budgets, announced today by chancellor George Osborne.
Defence review sets out £850m property plan

19 October 2010

The government has set out plans for an £850m programme of asset sales and efficiency savings in the Ministry of Defence’s Strategic Defence Review.
Defence ministry axes £12bn St Athan training base

19 October 2010

The Ministry of Defence (MoD) has terminated plans to rationalise its training facilities into a single base at St Athan in the Vale of Glamorgan in Wales.
Cameron: Departments should pay property vehicles market rent

19 October 2010

New property vehicles to own and manage the government office estate should charge departments “market rent”, prime minister David Cameron has said.
Hatfield Philips warns on LTV foreclosures

19 October 2010

Debt servicer Hatfield Philips today said that breaches of loan to value covenant should rarely form the basis for a decision for lenders to foreclose on a loan.
DJ Deloitte poaches DTZ’s Simon Williams

19 October 2010

DJ Deloitte has recruited former DTZ and Donaldsons partner Simon Williams as a partner in its capital markets team heading up retail investment and central government procurement.
Property Standards Board throws in the towel

18 October 2010

The Property Standards Board has thrown in the towel barely a year after it was launched to improve residential property and protect consumers from cowboy sales and letting agents.
Property big hitters back Osborne’s cuts

18 October 2010

Companies including Max Property and Hammersonhave given public backing to the £83bn cuts due to be announced by chancellor George Osborne on Wednesday.
PWTV: Helical Heroes swoop through Mayfair for LandAid

16 October 2010

Mike Slade led a troop of super-heroes through the streets of Mayfair to collect money for LandAid Day on Friday.
City Property Association warns on Crossrail cuts ahead of spending review

15 October 2010

The City Property Association has called for caution on any cuts to be made to the Crossrail transport project in next week’s Comprehensive Spending Review.
NWDA chief executive steps down

13 October 2010

North West Development Agency chief executive Steven Broomhead is to step down from his post.
Global property equity rises 22%, DTZ says

13 October 2010

The amount of equity targeting the property sector across the globe has risen sharply in 2010, but investors are cool on Europe, a new report said this week.
Invista to be wound up after £2.4bn contract loss

12 October 2010

Invista Real Estate Investment Management is to sell off all its assets and return capital to shareholders after Lloyds Banking Group transferred its largest fund management contract to Scottish Widows Investment Partnership.
Green report blasts government’s handling of properties

11 October 2010

The government must overhaul how it deals with its properties as it is impossible to make savings using the current processes, Topshop founder Sir Philip Green has said in his efficiency report.
Sir Philip Green to slam public property waste

11 October 2010

The government is failing to get value for money from its property and other contracts and could do better by centralising procurement, according to a review by Topshop founder Sir Philip Green.
Craigmillar library and council office gets go-ahead

8 October 2010

Edinburgh Council has approved plans for new 48,000 sq ft East Neighbourhood office and library in Craigmillar.
Thomas Cook to merge high street business with Co-op

8 October 2010

Thomas Cook has announced that it is to merge its high street travel and foreign currency exchange business with the Co-operative Travel Company.
Barratt/Wilson Bowden chosen to develop Basildon town centre

8 October 2010

Basildon Council has selected a joint venture between Barratt Homes and Wilson Bowden as its partners for a £1bn town centre redevelopment.
Peabody accepted by Crown for key worker estates

7 October 2010

The Peabody Trust is the frontrunner to buy four key worker estates in London which were put up for sale by the Crown Estate.
Herrington leaves F&C Reit

7 October 2010

Paul Herrington, head of property asset management at F&C Reit, has left after 22 years at the company in its current and previous forms.
EXPO REAL: Bailing out Greece will not hurt German property

7 October 2010

German commitments to bail Greece out of its debt crisis will not impact on its domestic property market, Thilo Wagner of Henderson Global Investors said yesterday.
Advantage West Midlands details £37m cuts

7 October 2010

Regional development agency Advantage West Midlands has today revealed 121 projects that are losing almost £37m of public sector funding in this financial year.
CBRE: German open-ended funds will be hit by new laws

6 October 2010

New legislative changes will see institutional capital leave the German open-ended fund sector and be redirected to spezial fonds, according to a report by CB Richard Ellis.
“Don’t delay” over TIFs, Birmingham chief warns government

6 October 2010

The government must fast-track the introduction of tax increment financing (TIF) to fund new developments, according to the chief executive of Birmingham City Council.
CBRE in $1.5bn debt refinancing talks

5 October 2010

CB Richard Ellis is in talks about refinancing $1.5bn of debt.
HCA appoints Pat Ritchie as chief executive

5 October 2010

Pat Ritchie has today been appointed as interim chief executive of the Homes and Communities Agency (HCA).
Hastings Pier redevelopment marred by epic blaze

5 October 2010

Hastings Pier has been destroyed by fire the day after a community group launched a competition to design its redevelopment.
Councils seek judicial review over scrapped school scheme

5 October 2010

Three local authorities are taking legal action against the government for axing the £55bn Building Schools for the Future programme.
Hermes Real Estate to sell its 7.5% Bluewater stake

5 October 2010

Hermes Real Estate is to sell its 7.5% stake in Kent mega mall Bluewater.
City of London Corporation hires two property directors

4 October 2010

The City of London Corporation has appointed Nicholas Gill and Peter Young as property directors.
Pickles: councils will have to share planners

4 October 2010

Communities secretary Eric Pickles has said sharing staff, including planners, and merging services between councils is the future of local government.
Bournemouth begins IMAX compulsory purchase

4 October 2010

Bournemouth Borough Council is implementing a compulsory purchase order to buy the remaining lease on the town’s IMAX building for redevelopment.
Oxford Properties buys UBS’s 50% stake in Watermark Place

1 October 2010

Oxford Properties, the real estate arm of OMERS pension fund, has exercised its pre-emption right to purchase a 50% stake in Watermark Place from UBS.
LDA tranfers Olympic Park to legacy company

1 October 2010

The London Development Agency has completed a deal that sees 500 acres of land transferred to the Olympic Park Legacy Company (OPLC).
Government bans leases until 2015

1 October 2010

The government will extend its ban on new government leases until 2015 to try to save more than £250m in rent and running costs, Property Week can reveal.
Scotland approves tax support for Edinburgh Waterfront

29 September 2010

The City of Edinburgh Council has won backing to use tax increment financing (TIF) to support investment worth £84m on the Scottish capital’s waterfront.
PWTV: Quick cuts pose threat to property, warns RICS president

29 September 2010

RICS president Robert Peto has warned the government against taking a short-term approach to public property, with three weeks left until the comprehensive spending review.
Stoke-on-Trent suspends six regeneration officers

28 September 2010

Stoke-on-Trent City Council has suspended six regeneration officers as part of an inquiry into alleged breaches of contract procedural rules and financial regulations.
One North East lists threatened projects

27 September 2010

Regional development agency One North East has released a list of projects that will lose out as it makes £32.9m of budgets cuts in 2010-11.
Garigal helps out overseas investors

24 September 2010

Frankfurt-based developer and asset manager Garigal Retail Immobilien has been appointed by Capital & Regional and Area Property Partners to manage their German retail portfolio.
Change of identity works wonders for Northcreek at Havant

24 September 2010

Northcreek Estates is likely to achieve full occupancy at the former Kenwood Business Park at Havant in Hampshire.
DekaBank checks out of W hotel

24 September 2010

Savills has advised DekaBank Deutsche Girozentrale on the sale of its senior mezzanine loan on the W New York hotel in Union Square.The hotel was acquired by Host Hotels & Resorts. The transaction was the result of the Middle Eastern owner defaulting on its loan. The buyer was not disclosed.
Frozen yoghurt brand says Yoomoo to Bluewater

24 September 2010

Yoomoo, the luxury frozen yoghurt seller that opens its first outlet at Harrods this month, is to open a second at Bluewater.
Public sector cuts will strangle regions for years to come

24 September 2010

In the final part of her series on real estate revival, Angela Jameson predicts the likely impact of public sector cuts on the regions.
Santander’s £500m Mapeley buyback

24 September 2010

Spanish bank Santander is close to buying from Mapeley a £500m portfolio of properties it occupies. The sale would partially reverse the pioneering outsourcing agreement made in December 2000.
Segro’s £110m sell-off hints of more to come

24 September 2010

Segro is placing more than £110m of industrial assets on the market in its first substantial sale since its takeover of rival Brixton in 2007.
Targetfollow faces administration

24 September 2010

Lender Lloyds lodges notice of intention to appoint administrators
Ted Baker to add final flourish on Manchester’s the Avenue

24 September 2010

Fashion label Ted Baker is poised to become the final retailer at the Avenue, Allied London’s shopping scheme at Spinningfields in Manchester. It is in talks to take a 2,500 sq ft store.
Deka sells £42m Mayfair property

23 September 2010

A part-vacant Mayfair property in London’s West End has gone under offer for around £42m.
Shapps beefs up “Right to Build” planning vote

23 September 2010

Housing minister Grant Shapps has strengthened measures that give local people the power to circumvent the planning process if they vote in favour of development.
Cable: LEP landscape “hopelessly fragmented”

23 September 2010

Most of the 56 bids to form local enterprise partnerships (LEPs) are not good enough, according to business secretary Vince Cable.
Birmingham denies sovereign wealth asset sell-off

22 September 2010

Birmingham City Council has denied claims that it wants to sell assets including the NEC (National Exhibition Centre) to Middle Eastern investors.
UK economy to grow slower than previously forecast, says CBI

22 September 2010

The U.K. economy will grow slower than previously forecast next year as the biggest public spending squeeze since World War II takes hold, the Confederation of British Industry said, Bloomberg reported today.
Simon Blake rejoins CBRE

21 September 2010

Simon Blake is rejoining CB Richard Ellis as head of capital markets UK and is leaving Altyon Partners, the fund management firm he set up with Simon Holley when the pair left CBRE a year ago.
Renaissance Southend URC set to close

21 September 2010

Renaissance Southend has become the latest Urban Regeneration Company to announce that it is set to close.
Council rejects £120m Gravesend regeneration plan

21 September 2010

Gravesham Borough Council has rejected a planning application for the £120m development of the Heritage Quarter in Gravesend town centre in Kent.
Clegg: Councils to get TIF powers in spending review

20 September 2010

Deputy prime minister Nick Clegg has announced that local authorities will be given the freedom to borrow against future tax increases in order to fund development.
Boris calls on banks to support ‘green’ refurbs

20 September 2010

London mayor Boris Johnson has called on banks to help support environmentally friendly refurbishments of buildings in the city.
London Development Agency pays 64 staff over £100,000

20 September 2010

The London Development Agency pays 64 of its employees more than £100,000, it has emerged today.
Bring back enterprise zones, planners argue

20 September 2010

The government should reintroduce enterprise zones to stimulate development, a planning think-tank said today.
20-30-40-50: RO Developments development director Richard Bourne

20 September 2010

Every week, we meet a property person from a different age group. This week, Christine Eade talks to 31-year-old Richard Bourne, licensed pilot, explosion survivor and development director of RO Developments
Freed from back yard politics, localism could rescue communities

20 September 2010

What is localism? Is it a good or bad concept? And how can property embrace one of the defining traits of the new coalition government? Localism isn’t universally popular in property circles, but let’s start by examining the regional and centralised systems it looks set to replace.
You gotta know when to hold ‘em, know when to fold ‘em

20 September 2010

Benjamin Graham, an investor, economist and lecturer at Columbia Business School, said in 1934: “In the short run the market is a voting machine, but in the long run it is a weighing machine.”
Eurohypo takes over City office project

20 September 2010

Eurohypo, the German real estate bank, has taken control of an office development site in the City in the latest sign of a workout of the mountain of distressed debt in the UK commercial property market, the Financial Times reported today.
PWTV: British-Israel Chamber of Commerce Property Forum

17 September 2010

Property heavyweights Nick Leslau, Gerald Ronson, Stephen Hubbard and Tony Gibbon gave their views on the market and its outlook at the British-Israel Chamber of Commerce breakfast this week.
‘Dangerous’ landlords damage private sector

17 September 2010

Local authorities must prosecute landlords who flout tenant protection laws, says the National Landlords Association (NLA) following a damning investigation by Shelter
‘Double dip’ could hit jobs market

17 September 2010

Stuttering employment rise could reverse after October spending review. Nick Johnstone reports
A shark dresser

17 September 2010

Cushman & Wakefield’s UK staff headed for the glamorous Kensington Roof Gardens last Thursday for a Hawaiian-themed summer party.
Another joint adventure

17 September 2010

Love springs eternal in the West Midlands property market.
Apollo hires ex-Lehman chief

17 September 2010

Apollo Global Management has hired the former co-head of Lehman Brothers’ real estate investment business, Raymond Mikulich, to head its US operation.
Barris leads Merrill real estate MBO

17 September 2010

Peakside Capital to manage two Global Principal Investments funds
Big three out of the building blocks

17 September 2010

Land Securities, Great Portland Estates and British Land have started the construction of three office schemes
Blue-sky drinking

17 September 2010

The Royal Exchange’s first alfresco cafe is set to open in March 2011
BPF's spending review wishlist

17 September 2010

The British Property Federation has sent a set of recommendations to the government, ahead of its Comprehensive Spending Review next month.
CABE review: Rother a nice view

17 September 2010

Canklow, Rotherham: Local housing association provides coherent response to a challenging hillside site
Clueless coalition threatens residential revival

17 September 2010

Residential was the flavour of this week, with 850 people due to attend Property Week’s RESI 2010 conference at Celtic Manor yesterday and today. These were the big themes:
Co-op closes in on Cabot Park for south-west service hub

17 September 2010

Supermarket in talks with Stoford and Gallan to take 430,000 sq ft distribution warehouse in Avonmouth
Dutton looks for big bang to take Royal Docks ‘supernova’

17 September 2010

Newham’s regeneration chief talks to Hardeep Sandher about his ambitious plans for Docklands
Edinburgh meets affordable housing needs in the middle

17 September 2010

Council appoints Cruden Group to develop proportion of homes for “mid-rent”
Fashion houses find common bond

17 September 2010

Bond Street becomes targeted location for high-end retailers
For and against: LEPs

17 September 2010

Local enterprise partnerships are a key part of the government’s localism agenda. Here, two property professionals discuss why they are for and against them
Four Seasons weathers storm

17 September 2010

Four Seasons Health Care, one of the UK’s largest care home operators, has secured an agreement with bondholders over a restructuring £600m of its debt.
Frogmore’s Primark coup will ‘redefine Tottenham Court Road’

17 September 2010

Paul White is celebrating attracting one of the UK’s fastest-growing retailers to forgotten area of the West End
Full of West End promise

17 September 2010

Paul Smith, co-founder of West End agency H2SO, shares his three hottest submarkets with us
Going green can engineer a path out of the downturn

17 September 2010

If you want to turn heads in Manchester, not any old Porsche will do. But drive one of the world’s first electric sportscars – known as the Greenster – through the city and people will take notice.
GVA’s Angus Walker ‘kept everyone laughing’

17 September 2010

The Ludgate page may seem a strange place to find an obituary but, for those of you who knew GVA Grimley’s Angus Walker, it will make sense.
Industry will not speculate as shed availability contracts

17 September 2010

Available industrial floorspace in the UK dropped for the first time in five years during the first half of 2010, the King Sturge industrial and distribution floorspace survey has revealed
ING given £900m for Asian spending spree

17 September 2010

Fund manager appointed to invest in UK for Korea and Malaysia funds
Investors desire Debenhams again

17 September 2010

Debenhams is poised to sell a portfolio of nine department stores in a £74m sale and leaseback.
Lack of clarity on CRC will result in increased costs and conflict, says David Workman

17 September 2010

Hardly a day passes without someone in property writing about energy conservation or the effects caused by the use of fossil fuels
Landlords must try harder, say tenants

17 September 2010

Occupier Satisfaction Survey shows little improvement
Legal & General eyes Kent mall

17 September 2010

Europa Capital Partners and Scoop AM could sell for £100m at £30m profit
Lib Dems to press Tories for more homes

17 September 2010

On Tuesday, the Liberal Democrats will spell out which coalition policies the party is happy with and where it feels there is room for improvement
London space race off the blocks

17 September 2010

Development at a 20-year low as supply in the Square Mile diminishes
McDonald’s beefs up drive-throughs

17 September 2010

Fast-food chain McDonald’s plans to open 30 drive-throughs a year over the next few years.
My Olympic life

17 September 2010

This week, Olympic Delivery Authority velodrome project manager Richard Arnold explains his priorities
Naked Ambition

17 September 2010

Proving that the bottom of the market has been reached, four Manchester businessmen donned – and then dropped – their Speedos for a cross-Channel charity swim, to raise money for Help for Heroes.
Need to know: Cloud computing

17 September 2010

At the end of August, Sanderson Weatherall became the latest in a line of consultants to sign up for “cloud” computing.
New bank regulations could result in no gains for capital

17 September 2010

London has long been regarded as the leading global financial centre in the world, thanks to its rich institutional and communication linkages around the world.
New West End’s first lady describes her 2020 vision

17 September 2010

Dame Judith Mayhew Jonas is a woman of “firsts”. In 1996, she became the first woman to lead the City of London corporation
Occupiers’ eye: Bloomberg’s big news

17 September 2010

Hardeep Sandher reports on the financial news group’s search for a new City headquarters
Partners plan next decade of Paddington Central

17 September 2010

Aviva Investors to sell a stake in 1 Sheldon Square to fund next phase of its and Development Securities’ joint project
People Moves: Barclays Corporate, Jones Lang LaSalle and more

17 September 2010

This week’s movers
Planning ahead: your guide to local enterprise partnerships

17 September 2010

Replacing regional development agencies with local enterprise partnerships could help to fill the void in regional planning strategy
Quintain announces Wembley outlet

17 September 2010

Quintain has unveiled detailed plans for its London Designer Outlet, which will become the main retail and leisure element of its Wembley City scheme in north-west London.
Record numbers are Building for Life

17 September 2010

A record 55 housing schemes built this year have qualified for a Building for Life standard – the Commission for Architecture and the Built Environment’s (CABE) design benchmark.
Redrow chief’s localism fears

17 September 2010

Keynote speech of Property Week’s RESI 10 event
REITs ‘destroy’ £24bn of value

17 September 2010

New research lifts the lid on disastrous decade for leading listed property companies.
Rent to buy could help first-timers on to property ladder, says CB Richard Ellis

17 September 2010

Much effort has gone into promoting the private-rented sector, but it could also be the means of boosting the owner-occupation market rather than an end in itself, believes CB Richard Ellis
Rising rents at new schemes mean business rates hike

17 September 2010

Developers such as Land Securities and British Land may be hoping to catch a wave of rising rents at their new developments, but they may also have to deal with higher rates
Shaftesbury shops in Covent Garden

17 September 2010

West End REIT buys retail-led portfolio “with residential potential” at 4.7% yield
Sinclair and Perloff join forces

17 September 2010

Property veterans aim for acquisitions after buying 30% of Lipman shell Leo Insurance
Square Mile file

17 September 2010

The City’s largest retail development is due to open next month.
Summary judgment leads to winter of discontent for Spring

17 September 2010

The message: Landlords have more time to oppose lease renewals on redevelopment grounds.
Thames high-wire act

17 September 2010

The 10-point vision launched this summer by Newham’s executive director of regeneration, planning and property, Clive Dutton, and the London Development Agency (LDA), included plans for London’s first cable car
Twenty five years on, Rees still embodies the ‘spirit of the City’

17 September 2010

Twenty-five years is a long time in any job. For Peter Rees, presiding over the planning and architecture of the City of London for such a period has been both a privilege and an extraordinary responsibility
Two heads at Morgan Stanley

17 September 2010

De Poulpiquet and Klopp to lead investment bank’s real estate arm
UK manufacturing is poised to deliver the goods

17 September 2010

In the third of a four-part series on areas key to real estate survival, Angela Jameson looks at manufacturing.
PAIFs to become "industry standard" for property funds

16 September 2010

The tax advantages of property authorised investment funds (PAIFs) means they are likely to become the industry standard for real estate funds in the future, according to leading real estate professionals speaking at seminar held by Capita Financial Group this week.
RAF Bentley Priory site to be redeveloped

16 September 2010

VSM Estates has been given permission to convert the former RAF Bentley Priory site in Harrow into a museum and residential homes.
Peel granted planning in Straiton

16 September 2010

Peel has been granted planning permission for an extension of Straiton Retail Park in Edinburgh.
Raft of designer retailers sign up at Spinningfields

15 September 2010

Fashion retailers DKNY, Oliver Sweeney, Mulberry, Flannels, LK Bennett, All Saints and Brooks Brothers have all confirmed they will be joining the recently opened Armani store on The Avenue, Spinningfields in Manchester.
Duchy of Lancaster selects Greycoat for London development

15 September 2010

The Duchy of Lancaster has appointed Greycoat as development manager for an office building in London’s Strand.
Tesco charged with building £7m police station

15 September 2010

Tesco has begun construction of a new £7m police station as part of a £200m redevelopment of West Bromwich town centre.
Axing RDAs will expose council skills gaps, BPF warns

15 September 2010

The British Property Federation has today warned that local authorities lack planning and regeneration skills that will be needed in the wake of regional planning targets and regional development agencies.
Croydon wants part in two LEPs

15 September 2010

Croydon Borough Council wants formal involvement in two of the new local enterprise partnerships (LEPs) being set up by the coalition government.
Foxtons founder launches residential investment company

14 September 2010

Jon Hunt, the founder of Foxtons, has launched a new residential property investment company.
Ex- RBS banker joins Frogmore board

14 September 2010

Alan Dickinson, former head of UK corporate banking at Royal Bank of Scotland, is joining Frogmore as a non-executive director.
Serviced Office Group opens in Knightsbridge

14 September 2010

Serviced Office Group, an AIM-listed operator of 21 centres, has opened a new office at 1 Knightsbridge Green in London’s West End.
Redefine refinances shopping centres with Aviva

14 September 2010

Redefine International has refinanced its five shopping centres in the UK with Aviva.
MORNING AFTER: IAS five-a-side football tournament

14 September 2010

Last week’s IAS 5-a-side tournament saw a team from Property Week lose to eventual winners Gerald Eve LLP in the second round.
Dundee's Overgate shopping centre for sale

10 September 2010

Lend Lease is selling its 420,000 sq ft Overgate shopping centre in Dundee.
Julian Stocks leaves JLL to join Tishman Speyer

10 September 2010

Julian Stocks is to leave Jones Lang LaSalle to join Tishman Speyer as UK managing director.
Romford's Oldchuch granted planning permission

10 September 2010

Taylor Wimpey has been granted new planning permission for the Oldchurch Hospital site in Romford.
Morgan Sindell acquires Connaught social housing contracts

10 September 2010

Morgan Sindall’s affordable housing provider, Lovell is to acquire the majority of the social housing division of Connaught for £28m.
Northern homewares retailer signs in Liverpool

10 September 2010

Redbrick, a northern based homewares and interiors retailer, is set to open a new store at the Liverpool One shopping centre.
Waitrose expands convenience store portfolio

10 September 2010

Waitrose has stepped up its convenience store expansion and is set to open another five stores.
Architects of failure, cornerstones of excess

10 September 2010

Next Wednesday is the second anniversary of the collapse of Lehman Brothers (analysis, p30-p33). The biggest property event of the last 50 years, it triggered the sharpest ever fall in property values in the UK
Assura and AH mull medical merger

10 September 2010

Primary healthcare property company eyes takeover of smaller Plus-listed outfit
Bank reprieve for Battersea owner REO

10 September 2010

Real Estate Opportunities has refinanced its £262.55m loans secured on Battersea Power Station in south London
Crown draws up list of Regent Street suitors

10 September 2010

The Crown Estate has shortlisted four investors to buy a 25% stake in its £1.6bn Regent Street estate.
Golding fjords ahead to Perella Weinberg

10 September 2010

Paul Golding, the former head of the real estate arm of Norway’s sovereign wealth fund, has left to join Perella Weinberg.
Grafton’s US alliance

10 September 2010

Global investor enlists Nigel Kempner for UK push as America’s Oaktree prepares £1bn advance on Britain
Grosvenor's fancy fondant

10 September 2010

Down to Belgravia for some ooh la la, where Parisian patissier Pierre Hermé opened in Lowndes Street and hosted a party.
Hammerson to beef up Bullring with restaurants

10 September 2010

Developer plans 20,000 sq ft restaurant-focused extension of Birmingham shopping centre
Hermes COO joins new guard taking on world at IPD

10 September 2010

Alasdair Evans adds weight to global expansion of UK property index
M&M’s store lands in London

10 September 2010

McAleer & Rushe has let its redevelopment of the Swiss Centre in London’s Leicester Square to Mars Retail Group for a M&M’s World store, the first of its kind in Europe
Malls must up game against internet

10 September 2010

The snowballing popularity of internet shopping is “nerve-racking” for retail property companies and will force them to innovate to retain customers.
Minerva fights off Kirsh's latest attempt

10 September 2010

South African’s Kifin vehicle fails to oust chairman and chief executive at EGM
Mixed review for Grosvenor staff

10 September 2010

A management review at Grosvenor has proposed the creation of 49 jobs, but up to 15 employees could face redundancy
Mucklow shows industrial strength

10 September 2010

A&J Mucklow, the industrial REIT focused on the Midlands, achieved a 16% increase in its net asset value in the year to 30 June
Planes, trains and automobiles could yet crush hopes of recovery

10 September 2010

In the second of a series on sectors that are critical to a real estate revival
Retail property scions turn backs on Asia

10 September 2010

Simon Property and Westfield tell EPRA conference of lack of appetite for east
Speymill Deutsche ponders takeover

10 September 2010

German residential property investor Speymill Deutsche Immobilien is mulling bid approaches
Virgin rail boss alights on big idea for Birmingham

10 September 2010

Virgin Trains chief believes Birmingham International could rival Heathrow and Gatwick
DTZ Property Times: UK Update - August 2010

9 September 2010

All Property monthly total return fell back again in July for the fourth successive month, and to below 1% for the first time in a year.
Savills: Warsaw Office Market Report - Summer 2010

9 September 2010

“Renegotiations still constitute a significant part of ’take-up’, however, net take-up is already in line with the level of new supply. We expect the market to remain stable in the second half of 2010 and for the first signs of effective rental growth to start later in 2011 once the vacancy rates decrease.”
Exploring the Future of Housing

9 September 2010

The recession fundamentally altered the UK housing market. It is constrained by a lack of finance for individuals and businesses, a complexand resource-draining planning system and a deficit in the supply of new housing.
Gerald Eve: Legal & Parliamentary Evebrief - September 2010

9 September 2010

We report on research undertaken by Roger Tym & Partners for a consortium including the BPF and DCLG. According to that research, which was commissioned on the back of concerns about current levels of development economics skills in the planning sector, planners and others involved in the planning process must receive better training in development economics.
EA Shaw: Midtown, Soho & Southbank London Office Market Update - Q2 2010

9 September 2010

The availability rates decreased in Q2 creating increased upward pressure on rents on top quality space.
Henderson Global Investors: Think/Italy

9 September 2010

Outsiders are quick in finding the right box for the Italian economy and property market.
Centrica to energise Oxford property market

9 September 2010

Oxford’s largest letting for six years looks set to go to Centrica at Oxford Business Park.
Lloyds appoints CBRE to sell Glasgow development site

9 September 2010

CB Richard Ellis has been appointed by Lloyds Banking Group to sell a former retail banking hall on Glasgow’s Queen Street.
Office availability drops in Midtown, Soho and South Bank

9 September 2010

Office availability rates in London’s Midtown, Soho and the South Bank decreased in the second quarter, putting upward pressure on rents.
Beales to open in Rochdale

9 September 2010

Department store JE Beale is to open its thirteenth store this month at the former Westgate department store in The Exchange Shopping Centre, Rochdale.
Valad sells £94.25m Swedish portfolio

9 September 2010

Valad Property Group has sold a portfolio of Swedish commercial properties for £94.25m.
Miller makes £26.9m half-year loss

9 September 2010

Miller Group made a pre-tax loss of £26.9m in the first half of this year.
Consultation starts on staff changes at Grosvenor

9 September 2010

A management review at Grosvenor could result in 49 jobs being created, but up to 15 staff might face redundancy.
Invesco launches third UK fund for German institutions

9 September 2010

Invesco Real Estate has launched and completed the first closing of its third UK fund for German-speaking institutional investors.
Morrisons to trial convenience stores next year

9 September 2010

Supermarket chain Morrisons will begin trialling a convenience store format next year and is considering online retailing, it was announced today.
Hermes COO to join IPD

9 September 2010

Alasdair Evans, chief operating officer of Hermes Real Estate, is leaving to join Investment Property Databank as finance director.
Green light for Radclyffe Park

9 September 2010

Salford developer LPC Living has secured detailed planning permission for a major mixed-use scheme in Ordsall, Salford.
CBRE instructed on former Halliwells space at Spinningfields

9 September 2010

CB Richard Ellis has been instructed to let the 175,000 sq ft of office space in Spinningfields, Manchester, previously occupied by the troubled law firm Halliwells.
North south divide for empty high streets

9 September 2010

Town centre vacancy rates in Britain have risen from just over 12% at the end of 2009, to 13% at the end of June 2010, according to the latest report from the Local Data Company.
Green light for Salford’s Radclyffe Park scheme

8 September 2010

Salford City Council has granted planning consent to LPC Living for a scheme in Ordsall that includes a Travelodge hotel and a 50,000 sq ft Morrisons store.
Mucklow outperforms peers with strong NAV growth

8 September 2010

A&J Mucklow, the industrial REIT focused on the Midlands, achieved a 16% increase in its net asset value in the year to 30 June.
Connaught administration concerns councils

8 September 2010

Local authorities are today looking at contingency plans for schemes after social housing company Connaught went into administration.
Segro poised to drop out of FTSE 100

8 September 2010

Segro is likely to be ejected from the FTSE 100 today in the quarterly review of the index.
Jim Gill becomes Liverpool council regeneration adviser

8 September 2010

Former Liverpool Vision chief executive Jim Gill has been hired to advise Liverpool City Council on regeneration for the next three months.
Heron launches second phase of apartments in London

8 September 2010

Gerald Ronson’s Heron International will this week release the second phase of apartments at its 36-storey luxury residential tower in the City of London.
Typhoo Tea factory sold

8 September 2010

The former Typhoo Tea factory in Birmingham has been sold to a private investor for an undisclosed sum.
Ben Grose joins British Land’s executive committee

8 September 2010

Ben Grose, head of retail asset management at British Land, has been appointed to British Land’s executive committee.
Crunch time in Minerva/KiFin boardroom battle

8 September 2010

Shareholders will today decide the outcome of the latest battle between Minerva and its largest shareholder over control of the company.
McKay secures City letting

8 September 2010

McKay Securities has let 15,000 sq ft at Portsoken House in the City of London to a residential and mixed use managing agent.
European CMBS loans repaid

7 September 2010

Three of the four European CMBS loans that matured in August were fully repaid.
HCA gives green light for 100 resi schemes

7 September 2010

The Homes and Communities Agency (HCA) today gave the green light to more than 100 residential schemes – totalling 5,400 new homes – after freeing up £186.77m of funding that had been frozen in the wake of the Coalition coming to power.
Dencora buys business park in Peterborough for £10m

7 September 2010

Dencora has bought the 125,000 sq ft Peterborough Business Park from Invista Real Estate Investment Management for around £10m.
Coalition receives 56 LEP proposals

7 September 2010

The government has today published a list of the 56 bids it has received from councils wanting to create local enterprise partnerships (LEPs) to take on housing, planning, and regeneration powers.
Prupim buys further Romford Brewery stake

7 September 2010

Prupim has bought a further 25% stake in the Brewery Romford, following its purchase of 25% in July.
Dorfman funds Office Group buy-out

7 September 2010

Lloyd Dorfman, Travelex founder and chairman of serviced office firm Esselco, has funded a management buyout of Bridges Ventures’ majority stake in The Office Group for £43.3 million.
Tenants sign up at Ascot

7 September 2010

Salmon Harvester Properties has secured two tenants at Ascot Business Park in the Thames Valley.
Segro secures eight deals

7 September 2010

Segro has secured eight industrial pre-lets totalling 473,000 sq ft across the UK and Europe.
Connaught suspends shares from London Stock Exchange

7 September 2010

To read the full story on www.PublicPropertyUK.com, click here: Connaught suspends shares from London Stock Exchange
LDA seeks manager for £50m green buildings fund

7 September 2010

The London Development Agency has today launched the search for a fund manager to distribute a £50m fund dedicated to energy efficiency.
Coca-Cola takes Invista pre-let in Uxbridge

7 September 2010

Invista has secured a 108,884 sq ft pre-let with Coca-Cola Enterprises at New Bakers Court, its Uxbridge town centre office scheme.
Wapping flats get go ahead

7 September 2010

Architect Hawkins\Brown has secured planning consent for change of use from offices to residential at the Grade II-listed Metropolitan Wharf in Wapping, east London.
Unison national centre secures funding

7 September 2010

Co-operative Bank and Unity Trust Bank are funding a multi-million pound national centre for Unison, the public sector union, on Euston Road in London.
Leahy named for Liverpool City Region LEP board

6 September 2010

Former Tesco chief executive Sir Terry Leahy is set to become a board member of a Liverpool City Region local enterprise partnership (LEP), which was proposed by the city council today.
Kerslake switches to CLG post

6 September 2010

Homes and Communities Agency chief executive Sir Bob Kerslake is leaving to become permanent secretary at the Department for Communities and Local Government.
Somerset to cut 1,500 jobs and sell properties

6 September 2010

Somerset County Council is set to cut 1,500 jobs over the next three years and plans to sell off two thirds of its farms.
Binnie replaces Lewis as Kent’s property head

3 September 2010

David Lewis has left his position at Kent County Council as director of property, and has been replaced by Peter Binnie.
Sue Bruce to become Edinburgh Council chief exec

3 September 2010

Sue Bruce has been named as the preferred candidate to become chief executive of Edinburgh City Council.
Crown shortlists four partners for Regent Street stake sale

3 September 2010

The Crown Estate has shortlisted four organisations to buy a 25% stake in its £1.6bn Regent Street estate.
CBRE to reach Pinnacle

3 September 2010

CB Richard Ellis has been appointed joint letting agent at Arab Investments the Pinnacle – a proposed 945 ft skyscraper in the City.
EA Shaw expands

3 September 2010

EA Shaw has recruited three new members of staff to boost its central London advisory services.
Cowell in £60m London treble

03 September 2010

Property investor buys luxury flats in Chelsea, shops in Enfield and a Hilton in Queensway
Barnsley council buys Gateway Plaza

2 September 2010

Barnsley Council has bought the mixed-use Gateway Plaza development in the town centre for an estimated £20m, and will occupy 78,000 sq ft of the scheme’s office block.
Green light for Ealing's Green Man

2 September 2010

Ealing Council yesterday granted planning permission for the £136m regeneration of the run-down Green Man Lane estate.
British Capital Property makes debut UK purchases

2 September 2010

British Capital Property, a Guernsey based vehicle for South African property investors, has made its first two purchases in the UK.
EPRA 2010: European property companies pursuing "reactive" capital strategies

2 September 2010

Many European listed property companies are pursuing more reactive than strategic capital budget decisions when acquiring investment properties and undertaking development projects, the first EPRA/Cambridge capital structure survey has revealed.
EPRA 2010: Real estate equities positioned for "strong expansion"

2 September 2010

The European real estate equities sector is well positioned for a strong expansion over the next few years via acquisitions and initial public offerings (IPOs), leading brokers Kempen & Co have said.
Greater Manchester Property Venture Fund buys Stockport development site

2 September 2010

The Greater Manchester Property Venture Fund (GMPVF) has bought a former Royal Mail sorting office in Stockport for an undisclosed amount.
Studley Point half-filled with ENER-G

2 September 2010

Folkes Holdings and Trigram Properties have let more than half of their Studley Point office development in Birmingham to ENER-G.
House prices fall further in August

2 September 2010

House prices fell for the second consecutive month in August, the Nationwide House Price Index said today, but falls are likely to remain “relatively modest.”
Leslau's Prestbury hit by non-property writedowns

2 September 2010

Nick Leslau’s Prestbury investment company saw its net asset value drop by £13.5m last year, accounts filed at Companies House this week have shown.
Century 21 to open second Manhattan store

2 September 2010

US discount department store Century 21 is to open its second Manhattan store.
Apollo letting fills 50 New Bond Street

2 September 2010

The letting of 50 New Bond Street, in London’s West End, has been completed after Apollo Real Estate agreed to take the last 7,000 sq ft.
Allianz lets Paris tower

2 September 2010

Allianz Real Estate has let a 330,000 sq ft Parisian tower to France Telecom.
Europa Capital and St Congar buy 100 acres in Gloucestershire

1 September 2010

The English Residential Land Partnership, Europa Capital and St Congar Land’s residential land vehicle, has bought a 100 acre land site near Brockworth in Gloucestershire.
Knight Frank Ireland gets Most out of merger

1 September 2010

Knight Frank Ireland has merged with Most Commercial Management in a share-swap deal. The two firms will now operate as Knight Frank Management.
LandSecs’ Peel in Arsenal transfer

1 September 2010

Nick Peel, head of retail property management at Land Securities, has been poached by Arsenal football club.
Aldi portfolio bought by MGPA

1 September 2010

Discount retailer Aldi has sold a portfolio of 140 properties to MGPA for an undisclosed sum.
Asset sales among £90m savings identified by Brum

1 September 2010

Birmingham City Council has identified £90m yearly savings on “back office” costs, which will include money earned from the sale of assets.
Sainsbury’s gets go ahead for Derbyshire supermarket

1 September 2010

Sainsbury’s, advised by Indigo Planning, has been given the go ahead for a major superstore extension in Chesterfield, Derbyshire, following an appeal.
CABE Review: Ashton Green, Leicester

1 September 2010

Proposals for a 3,000 homes, employment uses, retail, education, community and health facilities by Leicester City Council. Designed by Taylor Young.
Latest Farebrother report shows take up in Midtown strong

1 September 2010

The drying up of new office space in London’s Midtown area is encouraging the take-up of refurbished offices.
Invista buys Aberdeen shopping centre

31 August 2010

Invista Real Estate Investment Management has bought the Westhill Shopping Centre in Aberdeen for £9.25m.
Knight Frank's Second Home Revival: New-Build Second Homes Report 2010

31 August 2010

The second home market was one of the most resilient sectors of the housing market throughout the recent recession surprisingly so, perhaps.
Knight Frank: European Investment Commentary - Summer 2010

31 August 2010

The European economy has continued its recovery from recession, though weak consumer spending and concerns over sovereign debt are hampering the momentum of growth.
CB Richard Ellis Global Marketview: Office Rental Cycle - Q2 2010

31 August 2010

Global economic indicators improved in the second quarter of 2010 and world GDP growth for the year is forecast at around 4.5%, according to the IMF.
Land Securities sells Stratford mall

31 August 2010

Land Securities has sold its Stratford shopping centre to Catalyst European Property Fund for £91.5m, as first tipped by Property Week.
Gerald Eve: Legal and Parliamentary Evebrief - August 2010

31 August 2010

Both the Conservatives and the Liberal Democrats made pre-election promises in their manifesto to automate the small business rate relief (SBRR) scheme.
CB Richard Ellis Marketview: Central London Offices - Q2 2010

31 August 2010

In the wake of two very strong previous quarters, take-up weakened in the second quarter, albeit to 2.7m sq ft which was just below trend.
GL Hearn poaches planning heads

31 August 2010

GL Hearn has poached three senior names in planning from rival consultancies.
Berners Hotel up for sale

31 August 2010

Jones Lang LaSalle Hotels has been appointed by administrators of Berners (BVI), to sell The Berners Hotel in London’s West End.
Furniture chain plans 33 stores expansion following investment

31 August 2010

Furniture and home accessories retailer Dwell is planning to open 33 stores over the next four years following investment from a private equity house.
Richmond to set up central property team

31 August 2010

The London Borough of Richmond upon Thames is centralising its property teams as part of a bid to save £1.4m a year on back office costs.
Liverpool and Knowsley to share regeneration chief

31 August 2010

Knowsley Council and Liverpool City Council are set to share a head of regeneration after Liverpool’s regeneration chief John Kelly stepped down.
Jenny Buck leaves Schroders

27 August 2010

Jenny Buck, head of Schroders’ £1.8bn property multi-manager business for the past nine years, has resigned.
Thurrock development body to escape axe

27 August 2010

The Thurrock Thames Gateway Development Organisation is set to escape government plans to roll its powers into the Homes and Communities Agency (HCA), civil servants have indicated.
Prezzo to buy rival restaurants

26 August 2010

Italian chain Prezzo has agreed terms to buy the leaseholds of 11 rival restaurants for £3.1m.
ING UK REIT's NAV boost from Rugby REIT

26 August 2010

ING UK Real Estate Income Trust reported a 7% increase in net asset value today – boosted by its acquisition of Rugby Estate Investment Trust.
Valad reports A$165m loss

26 August 2010

Valad Property Group today reported full-year losses of A$165.2m, largely driven by write downs on its Australia and New Zealand focused property business.
Holley and Blake’s Altyon in talks to buy €4bn German portfolio

26 August 2010

Altyon Partners is fronting a consortium of investors in negotiations to buy Berliner Immobilien Holding owned by the German federal state of Berlin.
Unite achieves 8% NAV rise

26 August 2010

Student accommodation developer UNITE Group saw its net asset value rise by 8% in the first half of the year in a sign of continued strength in the sector.
Savills reports strong results, but predicts a tricky road ahead

26 August 2010

Savills’s half-year pretax profit grew to £14.4m as transactional markets in the UK and Asia continued to recover.
Segro hampered by tough continental market

26 August 2010

Segro today revealed a mixed picture across its portfolio for the first half of 2010, with a solid performance in south-east England countered by weaker conditions in continental Europe.
JLL appointed the Shrewsbury shopping centres

26 August 2010

Jones Lang LaSalle has been appointed property manager of three shopping centres in Shrewsbury.
Don't miss out! Chance to win free use of a site ends tomorrow

26 August 2010

Property Week and Urban Splash’s competition offering you the chance to win free use of a key site in Manchester closes tomorrow.
Sapphire retail fund falls into administration

25 August 2010

Three shopping centres owned by entrepreneurs the Reuben brothers in a joint venture with Lloyds have been placed into administration after prolonged refinancing talks failed.
MORNING AFTER: Emily Byron photoshoot on Jermyn Street

25 August 2010

The Crown Estate and the Jermyn Street Association hosted a glamorous photoshoot with model Emily Byron to launch its Art of Being British garden party happening next week.
Evans Randall buys Drapers Gardens in the City

25 August 2010

Evans Randall has bought the recently-completed Drapers Gardens development in the City of London for £242.5m from Canary Wharf Group and Morgan Stanley Real Estate Funds.
Councils clash over LEP areas as deadline draws near

25 August 2010

More than ten county, unitary, and city councils are in dispute over the size and shape of local enterprise partnerships (LEPs), with eight working days left before they must submit their plans to government.
Standard Life backs Minerva in KiFin fight

25 August 2010

Standard Life Investments today threw its support behind Minerva in the developer’s ongoing management battle with its largest shareholder.
Derwent London reveals lettings and strong half-year figures

25 August 2010

Derwent London has fully let the Charlotte Building in London’s West End, reducing the void rate in its £2.15bn portfolio to just 1%.
Pandoz agrees €1bn Norwegian hotels company deal

24 August 2010

Swedish hotel owner Pandox has agreed an €1bn deal to buy Norwegian company Norgani Hotels.
Google signs in Dublin at East Point

24 August 2010

Google has agreed a 40,000 sq ft office letting at East Point Business Park in Dublin. The search engine giant will employ 200 people at the park.
DevSecs suffers 2.3% NAV decline

24 August 2010

Development Securities suffered a 2.3% reduction in net asset value as a result of swap revaluations and dividends in the first six months of 2010.
Hansteen buys Kilmartin portfolio

24 August 2010

Hansteen has bought a portfolio of secondary assets from some of collapsed property company Kilmartin’s joint ventures for £13.5m.
Minerva vs Kifin war of words continues

23 August 2010

The battle of words over the management of Minerva resumed today when the developer’s largest shareholder issued a plea to other shareholders to help it oust the chairman and chief executive.
BURA set for voluntary liquidation

23 August 2010

The British Urban Regeneration Association (BURA) is set to go into voluntary liquidation, it has emerged today.
Merlin confirms £18.5m Legoland hotel deal

23 August 2010

Legoland owner Merlin Entertainments has confirmed it has agreed a deal for an £18.5m hotel to be developed at the Windsor theme park, as revealed by Property Week.
Redevco buys in Jersey

23 August 2010

Dutch property company Redevco has bought a Jersey mixed-use property for £19m.
Forty percent of Woolworths shops still empty

23 August 2010

Forty percent of former Woolworths stores remain unoccupied, research from The Local Data Company has shown.
Retail availaility at lowest level in 18 months, Cushman research shows

23 August 2010

Retail availability has dropped to its lowest level in 18 months, research from Cushman & Wakefield has shown.
Moorfield and Grainger form equity release jv

23 August 2010

Moorfield has bought a 50% stake in Grainger’s equity release investment business Sovereign Reversions.
Desigual to open on Oxford Street

23 August 2010

Spanish clothing retailer Desigual is to open a new store in the current Disney shop on London’s Oxford Street.
CBRE Investors buys three retail properties

23 August 2010

CBRE Investors has bought three retail properties from a joint venture between AEW Europe/Tristan Capital partners and Mountgrange Investment Management for £15.3m.
CABE Review: Tesco, Hattersley

20 August 2010

Plans for a 94,000 sq ft Tesco supermarket in Hattersley. Designed by Faulkner Brown Architects
Tesco's Hattersley plans "extremely disappointing" says CABE

20 August 2010

Government architecture watchdog CABE has delivered a damning review of plans for a new Tesco store in Hattersley near Manchester.
Westex Carpets buys Yorkshire mill

20 August 2010

Westex Carpets has bought Calder Bank Mills in West Yorkshire from BDO, the administrators of former owner S.Lyles Sons and Co, for an undisclosed sum.
Tower 42 sale scrapped

20 August 2010

Tower 42 is no longer for sale after talks with a potential buyer for the 600ft skyscraper ended this month.
Manchester’s Piccadilly Gate under offer

20 August 2010

Manchester’s 124,000 sq ft Piccadilly Gate office scheme has been put under offer by overseas investors for more than £48m, reflecting a yield of 5.75%.
John Lewis learns lessons from leap ‘into the unknown’

20 August 2010

The first John Lewis at Home store in Poole, which opened in October 2009, was a step into the unknown for us
‘Year of the landlord’ to extend through 2011

20 August 2010

Tenants are bracing themselves for rent rises over the next year, judging by homes search website Rightmove’s latest consumer confidence survey.
Aberdeen strikes Bon Accord

20 August 2010

Land Securities and British Land are to embark on a £6m refurbishment of their Bon Accord shopping centre in Aberdeen early next year.
Antiques shop's valuable £17.8m sale

20 August 2010

London & Associated Properties has sold the 65-year head lease of the former Antiquarius antiques shop on London’s King’s Road to Cadogan Estates Property Investments for £17.8m
Auctions take five … 21st-century marketing methods

20 August 2010

In the age of the internet, auctioneers have found ever more creative ways to reach their target audience
Axa snaps up Nottingham M&S

20 August 2010

Axa Sun Life Assurance has bought a Marks & Spencer store in Listergate, Nottingham, from Invista Real Estate Investment Management for £12.4m, at a net initial yield of 5.9%
Bank of China to doll up London hotel

20 August 2010

Bank of China is to fund a £100m London hotel development in its first substantial investment in London’s hospitality sector
Banks sit on the hedge in this multi-faceted swap shop

20 August 2010

There is a lot of debate about the impact of interest rate swaps on the property market
Buchanan Quarter to play to galleries …

20 August 2010

LandSecs plans fashion quarter to complement existing galleries scheme
CBRE swoops on huge global tech contract

20 August 2010

Consultant to manage 28m sq ft United Technologies Corporation portfolio
Chapel gives praise to Sheraton House

20 August 2010

Chapel Properties has let the 19,378 sq ft Sheraton House on Great Chapel Street in Soho, central London, to St Patrick’s International College at £25/sq ft until March 2014.
Charity shopping

20 August 2010

The Retail Trust has developed a retirement village (pictured) on a 10 acre site at Leylands in central Derby.
Clyde View take-up prompts energy company surge

20 August 2010

Urban regeneration company Riverside Inverclyde’s 26,500 sq ft Clyde View scheme on Riverside Business Park is now half occupied
Coalition fudges developer aid

20 August 2010

The government has come under fire after promised details of its proposed incentives package to encourage development have failed to emerge.
Columbus and BA funds rediscover City

20 August 2010

Schroders’ Columbus UK Real Estate Fund and British Airways Pension Fund have formed a 50:50 joint venture to buy Austin Friars House in the City of London for £25m.
Commercial property value growth stagnates

20 August 2010

UK commercial property capital value growth has virtually ground to a halt.
Crown’s retail park jewel

20 August 2010

Crown Estate to buy HSBC asset in Nottingham
Culverwell loses two partners

20 August 2010

Ken Pritchard and Stewart Sheridan leave to set up rival Edinburgh-based consultancies
Databank: Students drive north

20 August 2010

The most high-profile casualty of the housing market downturn was the northern city centre flats market
Don’t let tenant alterations put a spanner in the works

20 August 2010

Tenant wants to expand or upgrade their premises? Jamie O’Brien explains how landlords and tenants can protect themselves
DTZ forecasts cooler British summer

20 August 2010

Limited investment opportunities now available in London and Manchester only
Ediston leads trolley dash in East Kilbride and Chesser

20 August 2010

Property company plans two supermarkets
Filling time at Regent’s Place

20 August 2010

British Land’s Regent’s Place estate in central London is almost fully let after Ricoh placed 43,000 sq ft under offer this week
Fladgate's sweet 16

20 August 2010

Law firm Fladgate last week completed its relocation to Henderson Global Investors’ scheme, New Brook Buildings, at 16 Great Queen Street near London’s Covent Garden
Gordon Ramsay serves up New Change of menu in the City

20 August 2010

Gordon Ramsay Holdings last week exchanged contracts with Land Securities for a 10,000 sq ft restaurant at One New Change by St Paul’s Cathedral in London’s City.
Gourmet Burger Kitchen relishes O2

20 August 2010

Gourmet Burger Kitchen has taken the 3,000 sq ft former Jimmy Monaco’s Love Burger restaurant at the 02 in Greenwich, paying £150,000 a year. Shelley Sandzer advised GBK.
Henderson relishes London offices

20 August 2010

Henderson Global Investors has extended its £560m Central London Office Fund until December 2015
Housing minister could live to regret Shapps decisions

20 August 2010

When government ministers float radical property ideas during the summer recess, the industry is entitled to suspect the deftest of political spin: they want to gauge reaction before setting their full policy-making machine into motion
Investors to watch: CBRE Investors and Widows

20 August 2010

Scottish Widows Investment Partnership (SWIP) and CB Richard Ellis Investors have around £1bn to spend in the UK in the next year – and plan to target Scotland
King’s G1 finds shelter in St Andrews restaurant

20 August 2010

Stefan King’s G1 Group is to open a restaurant and deli in St Andrews in March next year
Korea draws Paris pension

20 August 2010

Hammerson is in talks to sell a 51% stake in its O’Parinor shopping centre (pictured) on the outskirts of Paris to the National Pension Service of Korea for around KRW350bn (£190m).
L&G appoints new fund manager pair

20 August 2010

Legal & General Property has appointed Will Edwards as fund manager for its £750m Linked Pensions Property Fund and Greg Westover as senior asset manager for its £1.1bn Linked Life Fund.
Lease accounting changes could put UK at disadvantage

20 August 2010

Changes to the financial reporting of leases that require occupiers to record lease liabilities on their balance sheets in full were outlined this week.
Lease is no longer more under new accounting regime

20 August 2010

After more than 10 years’ gestation, this week brings the publication by the International Accounting Standards Board (IASB) of a draft standard on lease accounting, which heralds the end of what is probably the oldest form of off-balance sheet accounting
Lego stacks up UK hotel scheme

20 August 2010

Asian investors to forward fund 150-room scheme at Legoland Windsor theme park
London & Stamford founders’ £55m REIT payout

20 August 2010

London & Stamford Property has revealed details of its conversion to a REIT and the £55m it will pay to buy its founders out of their management contract.
London retailers sign longest leases in UK

20 August 2010

Retailers in London and outer London receive fewer incentives and have to sign longer leases compared with those in the rest of the UK
LSH goes with Severn Trent flow

20 August 2010

Lambert Smith Hampton has won a three-year contract to provide property services to Severn Trent Water in central England and Wales.
Magistrates and MPs contemptuous of court closures

20 August 2010

But developers lick lips at prospect of city site disposals
Make the date and don’t be late, if you wish to terminate

20 August 2010

The message Purchasers should be alert to opportunities to extract themselves from onerous contracts
Making lolly

20 August 2010

Two sweet shops are to open stores in central London
Medicx fund is in rude health

20 August 2010

Medicx, the UK healthcare premises investor and developer, has completed fundraising for the Medicx Healthfund
Miller just adds water to mitigate Glasgow’s office shortage

20 August 2010

Lack of space in city centre pushes developer to buy waterfront site
My worst day

20 August 2010

Martin Atkinson, managing director of PiMs Workspace
Need to know: court judgment on retirement clauses

20 August 2010

The Court of Appeal has ruled that companies can still use age as a basis for retiring staff. Here is how:
NFU takes lead in Leeds …

20 August 2010

NFU Mutual Insurance Society has bought 129/132 Briggate in Leeds (above) from Liverpool Victoria Friendly Society (LV) for £30.8m at a yield of 5.53%.
No end in sight for auctions rollercoster

20 August 2010

On the rostrum
Other Retail makes debut

20 August 2010

The Other Retail Group completed its first transaction this week.
Palmer to wind down fund

20 August 2010

Belgravia European Property Fund’s number is up
Paradigm shifts two Scottish assets

20 August 2010

Paradigm Real Estate Managers is selling its stake in Skypark in Glasgow and Orchard Brae House in Edinburgh.
People Moves: Investec, Johnson Controls and more

20 August 2010

This week’s movers
Planning ahead: your guide to Community Right to Build

20 August 2010

The government’s overhaul of planning shows no sign of slowing. In the first of a new series we look at the impact of the big changes
Private investors in West End show

20 August 2010

Wealthy individuals target resurgent London market
Private-rented sector casts shadow over commercial

20 August 2010

Report values private-rented market at £500bn, putting pressure on government to support sector
Prologis European's new €50m loan

20 August 2010

Prologis European Properties (PEPR), one of Europe’s largest owners of modern distribution facilities, has finalised a new €50m, three-year, unsecured revolving loan, arranged by Deutsche Bank, Morgan Stanley and the Royal Bank of Scotland.
Public profile: Isle of Wight Council

20 August 2010

This week, 100 Isle of Wight Council staff are moving from the council’s main office to a former leisure centre
Public sector recession will be worse in Scotland

20 August 2010

Since May’s UK general election, commercial confidence has been destroyed by politicians and the media.
Q&A: the new Mr Maxim

20 August 2010

Two weeks ago, it emerged that the unit trust that developed the 756,000 sq ft Maxim office park near Glasgow has broken its loan-to-value covenant on a £193.55m loan from Lloyds Banking Group
Queen's Walk turns bearish

20 August 2010

Queen’s Walk Investment, a listed debt fund run by London hedge fund group Cheyne Capital Management, is to pursue a less risky investment strategy after three years of heavy losses from US subprime mortgages and other property-linked assets
RBS refinances Greenlaw site

20 August 2010

The Royal Bank of Scotland has completed the refinancing of a regeneration project in Greenlaw, Newton Mearns, near Glasgow.
RBS 'works out' £75m of Welsh properties

20 August 2010

Bank subsidiary West Register buys 30 Roy Thomas assets out of receivership
Reid removes parts of the furniture

20 August 2010

Steinhoff International’s Reid Furniture is restructuring its store portfolio and plans to close poorly performing stores by offloading leases, or waiting for them to come to an end.
Retailer moves out of stuffed site

20 August 2010

Fashion retailer White Stuff will expand its European portfolio of 64 stores at a rate of 10 new stores each year for the next three years
Royal green accounting prerogative

20 August 2010

Prince of Wales posits international sustainability standards for accounts
Shoe designer’s Mount Street fetish

20 August 2010

Ladies footwear designer Nicholas Kirkwood is to join the enclave of upmarket retailers on Mount Street in London’s Mayfair in a 3,500 sq ft store
Slough consolidation leaves O2 better connected

20 August 2010

Telecoms company cuts costs and emissions in a £20m relocation within Slough
Smith to advise Bilsdale board

20 August 2010

Fraser Smith, director at Glasgow-based retail agency Smith Cole Wright, has been appointed to advise the board of Bilsdale Properties on its property portfolio in Scotland
Sofa, so good for Harvey Spack Field

20 August 2010

Furniture retailer DFS has hired Harvey Spack Field to search for stores in the south of England.
UBS gives ground to Pramerica

20 August 2010

Former UBS team wins mandate to manage ground lease fund
Urban dresses up Spitalfields

20 August 2010

US fashion retailer Urban Outfitters has taken a 10,000 sq ft store opposite All Saints rival at 132 Commercial Street in Spitalfields, east London
Watch the surf carefully to catch those valuation waves, says Duncan Preston

20 August 2010

Many of us have already taken our summer holiday and been drawn to the coast in one way or another
Whitehall departments prepare to share PFI legacy

20 August 2010

News last week that the NHS had to foot a £65bn bill for hospitals built under the private finance initiative (PFI) confirmed what poor value they represent
Brum green light for £75m city-centre scheme

19 August 2010

A 25-storey mixed-use development will be added to Birmingham’s skyline after plans for the scheme were given planning consent by Birmingham City Council today.
CLS reports strong results despite currency impact on valuations

19 August 2010

European property investment company CLS Holdings delivered strong operational results today, despite weak currency having a negative effect on its portfolio valuation.
Blues and yellows fall out over Green

19 August 2010

Nick Clegg promised a crackdown on tax avoidance yesterday as a division emerged between the Conservatives and Liberal Democrats over the appointment of a billionaire to help to cut public spending, reports the Times.
Rathbone Market green light after £13m boost

19 August 2010

The £180m Rathbone Market regeneration scheme in Newham in London has secured £13m funding to enable work on the project to begin.
MORNING AFTER: BCSC New Generation Social

19 August 2010

The British Council of Shopping Centres held a luxurious summer reception last night at private members club Home House.
Miss Sixty distributor heads for liquidation

19 August 2010

Sixty UK, the distributor for fashion brands Miss Sixty and Energie, is to be liquidated following the rejection of its company voluntary arrangement last month.
MedImmune expands at Granta Park

19 August 2010

MedImmune Limited, the global biologics unit of AstraZeneca, has taken a 22,000 sq ft office building on a 15-year lease at Granta Park Cambridge.
Warner Estate halves void space

19 August 2010

Warner Estate Holdings has filled nearly half of its void space in the last five months, the property investor said today.
Hammerson to net €217m from O'Parinor sale

19 August 2010

Hammerson is to net €217m from the sale of a stake in the O’Parinor shopping centre in Paris after announcing today it had exchanged contracts on the deal.
Goodman optimistic despite portfolio value decline

19 August 2010

Goodman Group’s property portfolio fell in value by A$518.9m in the last financial year, the Australian industrial developer said today.
Victory for private property in Balfour inheritance case

19 August 2010

Property used for business purposes is exempt from inheritance tax, after a precedent was set in a victory for Lord Balfour’s descendents against HM Revenue & Customs.
Brookfield appoints German asset manager

19 August 2010

Global fund manager Brookfield has appointed Corpus Sireo to asset manage its property portfolio in Germany.
Allen & Overy consolidates in London

19 August 2010

Law firm Allen & Overy is consolidating its offices and relocating 200 staff from Canary Wharf to its headquarters in Bishopsgate in the City of London.
Primary Health enjoys positive rent and yield movements

19 August 2010

Primary Health Properties achieved an 8.7% increase in its net asset value in the first half of the year, thanks to a rise in the value of primary healthcare properties.
HCA included in unions’ list of “unfair” cuts

18 August 2010

Cuts to the Homes and Communities Agency and the Building Schools for the Future programme have made it onto a list of 100 “unfair” cuts, published by the Trades Union Congress today.
American Apparel warns on future

18 August 2010

American Apparel, the US based fashion chain has warned it may not continue as a going concern.
Taylor Wimpey starts 3,300 homes Didcot development

18 August 2010

Taylor Wimpey has started work at the Great Western Park development to the west of Didcot, which will eventually see 3,330 houses built.
Rockspring buys €45m Spanish retail portfolio

18 August 2010

Rockspring Property Investment Managers has bought a portfolio of 21 Spanish food stores for €45m.
Wedding supplies retailer Confetti shuts stores

18 August 2010

Confetti, the online and high street wedding supplies retailer, has gone into administration.
Six former Merchant Inns sold to Bespoke Hotel Group

18 August 2010

Boutique hotel operator Bespoke Hotel Group has signed a management contract for six 4-star former Merchant Inns hotels.
Westfield confirms September 2011 opening for Stratford shopping centre

18 August 2010

Westfield today confirmed a September opening for the £1.45bn Stratford City shopping centre in east London.
PWTV: Most UK markets over-priced says DTZ

18 August 2010

Most UK markets are over-priced and offer unattractive returns over the next five years, according to DTZ.
Fancy dress for Bluewater

17 August 2010

Angels, the UK’s largest and longest-established costumiers, is to open a 2,370 sq ft pop-up store at Bluewater shopping centre.
LSH and Tesco back Hertfordshire LEP bid

17 August 2010

Hertfordshire County Council has submitted plans to create a local enterprise partnership (LEP) to take over regeneration powers held by the South East Development Agency.
Hammerson in talks to sell 51% of O’Parinor retail scheme

17 August 2010

Hammerson is in talks with The National Pension Service of Korea to sell a 51% stake in its flagship O’Parinor shopping scheme on the outskirts of Paris.
HelioSlough takes legal action over Radlett decision

17 August 2010

HelioSlough has submitted a legal challenge to the High Court of Justice to a decision by the secretary of state to dismiss its appeal to develop its scheme in Radlett.
Fladgate moves to Covent Garden

17 August 2010

Commercial property law firm Fladgate has announced it will consolidate its offices by moving to a site in Covent Garden.
Cadogan buys on Kings Road

17 August 2010

Cadogan Estates has exchanged contracts to buy a 65-year leasehold interest in the Antiquarius building on Chelsea’s Kings Road for £17.8m.
Guernsey-based investment company to target real estate debt

17 August 2010

Queen’s Walk Investment is planning to raise €24.9m to invest in European real estate debt.
RBS sells €1.4bn loan book to Intermediate Capital Group

17 August 2010

Royal Bank of Scotland has agreed to sell a €1.4bn portfolio of loans to a fund managed by Intermediate Capital Group.
Restaurants confirm appetite for Central St Giles

17 August 2010

Four leading restaurant operators have exchanged contracts to open at the new Central Saint Giles development in London’s West End.
Tiger donates former petrol station for pop up cinema

17 August 2010

Tiger Developments has donated a former petrol filling station in Clerkenwell for a pop up 1950s style cinema.
Bank growth revisions show "increased downside risk"

16 August 2010

The Bank of England has revised downwards its 2011 GDP Growth Forecast from 3.4% to 2.5%. This figure may be reduced further later in the year given the effect the government’s austerity measures may have on: employment (despite the recent respite), the banking sector’s propensity to lend (or lack of it!) and given that the BOE’s forecast for inflation remains above the government target of 2% until Q4 2011 / Q1 2012.
PEPR secures €50m credit facility

16 August 2010

Prologis European Properties (PEPR) has agreed a new €50m credit facility with a consortium of banks.
Green light for £25m Stockbridge regeneration

16 August 2010

Regeneration plans for Stockbridge Village in Merseyside have been approved by Knowsley Council.
Bank of China to fund £100m London hotel

16 August 2010

Bank of China is to fund a £100m London hotel development in its first substantial investment in London’s hospitality sector, the Independent on Sunday has reported.
Retailers buy up Bond Street

16 August 2010

MaxMara and Louis Vuitton Moët Hennessy are each buying a store on London’s Bond Street, as luxury retailers snap up property on the exclusive shopping street.
Rockspring completes Mall fund shopping centre deal

16 August 2010

Capital & Regional has completed the sale of four shopping centres today. As tipped by Property Week, Rockspring Investment Managers has paid £135.9m for the four schemes.
CBRE Investors buys Belfast M&S

16 August 2010

CBRE Investors has bought an 83,000 sq ft Marks & Spencer store in Belfast city centre for £8.75m.
Henderson buys Maidenhead Boots

16 August 2010

Henderson Global Investors, on behalf of Henderson UK Property Unit Trust, has acquired a retail unit on Maidenhead High Street.
AFIAA buys Quartermile 2

13 August 2010

AFIAA has bought Quartermile from Gladedale Capital in Edinburgh for around £23m.
Government axes Audit Commission

13 August 2010

The government has announced plans to abolish local government spending watchdog the Audit Commission and hand its duties to the private sector.
Invista buys in Farringdon Street

13 August 2010

Invista Real Estate has bought 30 Farringdon Street in the City of London.
Countryside Properties gets the go ahead in Barking

13 August 2010

Countryside Properties has been granted outline planning permission by the London Thames Gateway Development Corporation for Fresh Wharf in Barking.
AXA takes new space in Singapore

13 August 2010

AXA has agreed terms to become the anchor tenant at MGPA’s Shenton Way building in Singapore.
Government announces further property cuts

13 August 2010

The government has today announced a further £18m of property-related spending cuts, on top of £780m of savings already announced this year.
Sir Philip Green appointed government property adviser

13 August 2010

Topshop founder Sir Philip Green is to lead an efficiency review of government spending, including an examination of leases and property.
Pessimism grows amongst financial advisers

12 August 2010

The number of financial advisers expecting commercial property prices to fall has quadrupled since the start of the year, research from Reita has shown.
Shaftesbury upbeat on "flourishing" West End

12 August 2010

Shaftesbury remains bullish towards London’s West End – an area it says continues to flourish despite uncertainty in the national and international property markets.
Lloyds faces losses from US luxury resort

12 August 2010

Lloyds Banking Group is facing multi-million pound losses after a US luxury resort, filed for bankruptcy protection on Tuesday.
Fashion brand Ed Hardy franchisee in administration

12 August 2010

Ed Hardy Operations (Australia) has entered into administration this week.
Gazeley green light for £70m B&Q distribution hub

12 August 2010

Gazeley has been granted planning consent to develop a £70m B&Q distribution centre in Swindon.
LaSalle plans new German investment vehicle

12 August 2010

LaSalle Investment Management is planning to launch a new investment vehicle in a bid to attract Swiss, Austrian and German investors.
Societe Generale to double Asian property lending

12 August 2010

Societe Generale plans to more than double the amount it lends on property in Asia, Bloomberg reported today.
DevSecs rights receives 75% rights issue take-up

12 August 2010

Development Securities has received 75% take-up of new shares offered in its latest rights issue.
Capital & Regional pleases City with strong interim results

11 August 2010

Capital & Regional today reported better-than-expected half-year results.
Admiral takes Cardiff’s biggest ever pre-let

11 August 2010

Stoford is to develop a 220,000 sq ft headquarters for Admiral Group in Cardiff - the biggest ever pre-let deal in Cardiff’s history.
Grainger reports solid progress

11 August 2010

Grainger revealed good progress in a trading update today, despite growing “doom-and-gloom” sentiment for the UK housing market.
A quarter of Irish property “over-rented”, says IPD

11 August 2010

More than a quarter of Irish commercial property income is over-rented, research by Investment Property Databank shows.
LandSecs submits Derby plans

11 August 2010

Land Securities have submitted plans to redevelop the Meteor Retail Park in Derby.
Confidence returning to banks, says CB Richard Ellis

11 August 2010

Debt finance for speculative schemes and more competitive lending terms are returning to the European debt markets, research from CB Richard Ellis has shown.
Leeds unveils new Arena images

11 August 2010

Leeds City Council has released new images and a video showing how the proposed “honeycomb” design of its proposed Arena would look.
Minerva hits back at Kifin’s EGM proposals

11 August 2010

Minerva, the London developer, today called an extraordinary general meeting next month at the request of largest shareholder and predator Kifin.
Justice ministry braces for up to 15,000 job cuts

11 August 2010

The Ministry of Justice is planning a large swathe of job cuts, following an announcement that £2bn of its £9bn budget would be axed.
Atrium European Real Estate to sue founders for €2bn

11 August 2010

Atrium European Real Estate is to sue the former management of its company for €2bn.
Jungle Rumble tumbles into Liverpool One

10 August 2010

Jungle Rumble, an adventure golf course is to open at Grosvenor’s Liverpool One Development. Compromising two 18-hole golf courses, golf simulator and catering facilities.
PWTV: Will Primark's new store revive Oxford Street's East End

10 August 2010

Primark’s second Oxford Street store at the world famous retail street’s east end, as revealed by Property Week, will bring a major fashion retailer to an area that has struggled to create a strong retail mix.
Stoke regeneration body to be replaced by LEP

10 August 2010

Stoke Council’s regeneration partnership is set to be wound up after councillors voted to replace it with a local enterprise partnership (LEP).
TK Maxx to open new Cardiff store

10 August 2010

TK Maxx is fitting out a new store in Cardiff this month.
Rockspring buys in Basildon

10 August 2010

Rockspring’s Hanover Property Unit Trust has bought the freehold of the Wollaston Industrial Estate in Basildon from Standard Life.
Welsh government appoints LSH and Amber to manage £55m fund

10 August 2010

The Welsh Assembly government has appointed Amber Infrastructure and Lambert Smith Hampton to manage a £55m EU-backed Welsh regeneration fund.
LaSalle Investment Management closes deals worth £218m

10 August 2010

LaSalle Investment Management has completed three transactions in the Asia-Pacific region worth a total of £218m.
Cala seeks judicial review of Coalition planning reforms

10 August 2010

Housebuilder Cala Homes has asked for a judicial review of the Coalition’s decision to axe Regional Spatial Strategies, claiming it was unlawful.
Quintain achieves two "key milestones"

10 August 2010

Quintain has achieved two of the nine “milestones” set out in its three-year business plan.
Olympics tower designs need work, says CABE

9 August 2010

Further work is needed on the design of the ArcleorMittal Orbit, the 114m viewing tower and a focal point for the 2012 Olympic Games, the government’s architecture watchdog said today.
Metrix asks council to approve St Athan facilities

9 August 2010

The consortium set to build and manage a £12bn military training base for the Ministry of Defence in Wales has today applied to build facilities on the site, including a military museum and a church.
CABE REVIEW: London 2010 ArcelorMittal Orbit

9 August 2010

Proposals for a sculpture and viewing platform in the Olympic Park. Designed by Anish Kapoor, Cecil Balmond and Kathryn Findlay.
Shapps letter urges councils to build

9 August 2010

Housing minister Grant Shapps has today told council leaders that houses they build now will result in direct and non-ringfenced income to spend in future.
GVA Grimley Business Parks Review: Summer 2010

9 August 2010

Occupier and developer activity on the UK’s business parks continued to slow during the first half of 2010 following the sharpest economic downturn since the 1930s.
Mortgage fraud quadruples in first half of 2010

9 August 2010

Mortgage fraud has nearly quadrupled in the first six months of the year, research from KPMG has shown.
Estama wins Evans Randall German management job

9 August 2010

Estama, the German asset management specialist, has taken over the management of a 120,000 sq m portfolio on behalf of Evans Randall.
Newbury retail scheme opening date confirmed

9 August 2010

Standard Life Investments and Shearer Property Group have confirmed the date for the opening of their Newbury retail scheme.
Rise in commercial property development in July

9 August 2010

July saw a rise in commercial property development activity, according to the latest statistics from Savills.
Peel to open Holiday Inn at MediaCityUK

9 August 2010

Peel Leisure has signed up Holiday Inn to open a hotel at MediaCityUK in Manchester.
Mitchells & Butlers sells Hollywood Bowl

9 August 2010

Mitchells & Butlers has agreed the sale of its Hollywood Bowl business.
Greenwich Peninsula's Pier Walk sold

9 August 2010

Quintain and Lend Lease have sold Pier Walk at Greenwich Peninsula to German fund Deka Immobilien.
The Property Archive: UK Property Investment Bulletin - Q2 2010

6 August 2010

Investment volumes are up, property yields have continued to compress in the second quarter, so why worry?
Trading volumes fall as investors "side-tracked"

6 August 2010

IPD delivered their Q2 results this week, reporting that UK Total Returns rose by 3.4%, comprising Income Returns of +1.5%, Capital Growth of +1.8% and Cross Product of +0.1% completing the 4th quarter running, with rising capital values amounting to 17%.
Cushman & Wakefield: An Overview of the UK Property Market

6 August 2010

The second quarter was a difficult time for all derivative markets, not least property, as the entire financial community was locked into a state of inertia ahead of the UK general election, allied with much uncertainty surrounding the fi scal defi cit and the sovereign debt issues related to other European partners such as Greece.
Cushman & Wakefield Business Briefing: The UK Property Investment Market - Heading for a Cooler Summer?

6 August 2010

Prime yields were unchanged in June, averaging 5.79% for the second month running. The market has slowed a little, with many feeling it willnow face a quieter period through the summer before investors return in the autumn. Others, however, see this as a window of opportunity!
RICS Global Distressed Property Monitor

6 August 2010

The Q2 Global Distressed Property Monitor from RICS indicates that growth in distressed property listings* eased back across 85% of countries surveyed when compared to the first quarter.
DTZ Property Times: Glasgow - Q2 2010

6 August 2010

City centre activity increased again in Q2 to 153,000 sq ft as several long standing large grade A requirements completed as expected.
DTZ Property Times: Edinburgh - Q2 2010

6 August 2010

City centre take-up fell back in Q2 to 63,000 sq ft. The bottom of the occupier market arguably occurred in Q3 2009, but activity continues to be erratic from quarter to quarter while underlying demand is thin.
Federation of Master Builders: Housing Futures - Our Homes and Communities

6 August 2010

The housing system is intrinsically linked to almost every major area of government policy from the economy and taxation to the environment and education. It is driven by a huge range of factors from the behaviour of individuals to global economic forces.
Real Capital Analytics: Global Capital Trends - Q2 2010

6 August 2010

The second quarter was marked by dynamic changes throughout the property markets. Transaction activity slowed in Asia Pacific and not entirely due to governmental curbs instituted by China.
Citylets Belfast Rental Report: Trends in Belfast Residential Lettings - Q2 2010

6 August 2010

Detailed research by the NI Housing Executive show that the proportion of households in the Private Rented Sector (PRS) has grown steadily since the 1990s.
Manchester awards £90m town hall revamp contract

6 August 2010

Manchester City Council has awarded a £90m contract to Laing O’Rourke for the redevelopment of its town hall complex.
£100m Camlin portfolio up for sale

6 August 2010

A £100m portfolio owned by Scottish entrepreneurs David Cameron and Bruce Linton has been put up for sale.
Economist Tower lettings achieve high St James rents

6 August 2010

Ryder Street Properties, represented by Mellersh & Harding, have achieved some of the highest rents in St James’s for a year at the EconomistTower.
Glasgow’s Maxim enters danger zone

06 August 2010

Investors may be asked to inject more cash after loan-to-value covenant breach at 1.1m sq ft schemes
RICS and Hamptons clash in High Court

06 August 2010

Firm charges institution with defamation over disciplinary report
Rockspring into spec action in west London

06 August 2010

Investor-developer in talks to buy Schroders Uxbridge site for office scheme
Green light for 2,500 homes on Gainsborough site

5 August 2010

West Lindsey District Council has approved proposals for an an urban extension to Gainsborough in Lincolnshire to support 2,500 new homes in the area.
Manchester issues CPO for Britannia-owned fire station

5 August 2010

Manchester City Council has issued a compulsory purchase order to buy the London Road fire station in the city centre, a building owned by Britannia Hotels.
Wigan’s Grand Arcade rescued

5 August 2010

Redefine International has rescued the former Modus owned Grand Arcade shopping centre in Wigan.
McLaren to open at One Hyde Park

5 August 2010

McLaren’s high performance sports car, the MP4-12C, will be on sale at CPC Group and Qatari-backed Waterknight’s One Hyde Park: The Residences at Mandarin Oriental development from January.
Barclays Corporate's Spanish exposure leads to losses

5 August 2010

Barclays Corporate today reported a half year pre-tax loss of £377m, largely caused by the exposures to Spain’s property and construction industry.
LDA sells £16m stake in Beckton business park

5 August 2010

The London Development Agency has sold its share of Gemini Business Park in Beckton, London to Aviva Investors Pensions for £16 million.
July surge in derivatives trading says RBS's Ljubic

5 August 2010

There has been as much money invested into the UK derivatives market in July as there was in the entire second quarter of the year, Royal Bank of Scotland derivative’s trader Philip Ljubic told Property Week this week.
Orf to become Euro property head at Apollo

5 August 2010

Apollo Global Management is to make Roger Orf its European property head on the completion of its takeover of Citi Property Investors (CPI).
DTZ shareholders approve asset management deal

5 August 2010

DTZ’s shareholders today approved plans to buy the remaining 20% it does not own in its European asset management business in a deal worth up to €22m.
NR Nordic plans total property sell off

5 August 2010

NR Nordic & Russia Properties, the Euronext-listed property company in which the Livingstone brothers own a 24.6% stake, is to sell all its assets over the next four years.
Alliance criticises coalition planning reforms

5 August 2010

Nearly 30 organisations including property associations, engineering bodies and green charities have written to communities secretary Eric Pickles criticising the government’s planning policies, as tipped by Property Week four weeks ago.
Distress gap emerging between Europe and the rest of the world, says RICS

5 August 2010

Portugal, Spain and Germany saw the biggest increases in distressed property being brought to the market last quarter as concerns over the health of the European banking system linger, research from the Royal Institution of Chartered Surveyors has shown.
London & Stamford plans REIT conversion

5 August 2010

London & Stamford today announced plans to convert to a real estate investment trust (REIT) in order to remain largely exempt from future corporation tax.
Metric heads to Cornwall for second purchase

5 August 2010

Metric Property Investments has made its second purchase since its £190m flotation on the London Stock Exchange in March.
Primark swoops on east Oxford Street

5 August 2010

Primark is set to open a giant new store at the eastern end of Oxford Street in the biggest sign yet that the area will undergo a revival this decade.
British Land reports small portfolio value uplift

4 August 2010

British Land today reported solid quarterly financial results but sounded a note of caution about the outlook for the UK market.
Government misses key housing and planning targets

4 August 2010

The government is falling short on more than half of the targets for housing and planning imposed by the previous administration, show official documents published today.
Raven Russia sells Moscow warehouse

4 August 2010

Raven Russia has sold a warehouse in Moscow for $42m (£26.4m).
Peel invests in Ellesmere Port

4 August 2010

Peel Ports has bought the 46-acre Ellesmere Port site from Bridgewater Paper Company’s administrators Ernst & Young for £10.5m.
RBS agrees £1.65bn branch sale to Santander

4 August 2010

The Royal Bank of Scotland has agreed to sell 318 branches and other assets to Spanish bank Santander for £1.65bn at at a premium of £350m to net asset value.
Standard Life Investments spends £40m in Brazil

4 August 2010

Standard Life Investments has bought £40m of property in Brazil in a further sign of investor interest in the South American country.
Twelve directors quit Croydon regeneration body

3 August 2010

Twelve directors of the Croydon Economic Development Company have walked out today, as the regeneration body begins to wind down its operations.
Stalled housing developments secure investment from London mayor and HCA

3 August 2010

Stalled development projects which would deliver more than 500 affordable homes in London have today secured investment from the London mayor Boris Johnson and the Homes and Communities Agency (HCA).
Public sector development drops in second quarter

3 August 2010

Public spending cuts have led to a dip in commercial development activity in the second quarter of 2010, according to statistics published by accountancy BDO.
Ex-Morgan Stanley trio secure backing for new venture

2 August 2010

Three former Morgan Stanley Real Estate real estate directors, John Carrafiell, Sonny Kalsi and Fred Schmidt, have received financial backing from a Dutch-listed company for their new venture.
St Modwen and Persimmon in £300m housing joint venture

2 August 2010

St Modwen and housebuilder Persimmon have entered into a joint venture initially to develop 2,000 homes on seven sites owned by St Modwen.
Call for Scotland to centralise property management

2 August 2010

Public property in Scotland should be more centrally managed, better maintained, and run through the Scottish Futures Trust, a key budget report has recommended.
Hammerson reports solid half-year results

2 August 2010

Hammerson achieved a 7.8% increase in its half-year net asset value, but it remains cautious for the future.
Mortgage investors scale back

2 August 2010

Mortgage investors have been scaling back positions on fears that the US government might again intervene in the home loans market.
Switzerland named priciest place to build

2 August 2010

Zurich and Geneva have become the world’s most expensive destinations for residential and commercial property developers, as the recovery in the Swiss building industry pushes up material and labour prices.
Prupim buys 25% stake in Henderson's Brewery

2 August 2010

Henderson Global Investors has sold a 25% stake in the Brewery in Romford for £44.25m.
UBS signs for giant Broadgate deal

2 August 2010

British Land and Blackstone have secured a 700,000 sq ft pre-let with UBS at their City of London Broadgate Estate.
PWTV: Retail concerns over creditless recovery

30 July 2010

Government cuts and a creditless recovery could bring major problems for the retail sector, Dr Karen Sireacki, consultant to research firm The Property Archive, has said.
King Sturge: Office Occupier Trends - Q2 2010

30 July 2010

A total of 1.3 million ft² of office floorspace was acquired in Q2 2010, down 57% on Q1 2010 and 12% lower than the same period a year ago.
Crown wins Regent Street planning consent

30 July 2010

The Crown Estate has won planning consent for the redevelopment of two major blocks on the west side of Regent Street.
Sound London nightclub in administration

30 July 2010

A buyer is being sought for nightclub Sound London after the appointment of Colin Wilson and Tim Dolder of RSM Tenon as joint administrators.
CBRE seals two sheds deals in West Midlands

30 July 2010

British Capital Property has bought a 130,000 sq ft warehouse near Wolverhampton from a private investor for £8.35m, reflecting a net initial yield of 7.53%.
Izett quits as Colliers chief

30 July 2010

David Izett has quit as chief executive of Colliers International UK “to seek other challenges”.
Consortium buys second round of Spanish assets

30 July 2010

A consortium of RREEF Europe, Area Property Partners and Europa Capital has bought a second portfolio of Spanish property assets from Banco Bilbao Vizcaya Argentaria (BBVA).
CABE Review: Fresh Wharf - Barking and Dagenham

30 July 2010

Redevelopment of a former wharf and industrial site in Barking, east London, for housing and other uses, in buildings of up to 19 storeys. Developer: London Thames gateway Development Corporation. Designed by Jestico + Whiles and Glenn Howells Architects.
Vodafone investigates property team

30 July 2010

Vodafone has declined to deny reports that up to a quarter of its 60 property team members are under investigation for fraud.
Prospect buys in Telford

30 July 2010

Prospect Estates has bought the freehold of Halesfield Seven for £1.83m, the largest industrial deal in Telford this year. The 15.63 acre site will be divided to create a new industrial estate known as Epic Park.
£700m regeneration pot for north-west

30 July 2010

Evergreen and Aviva-backed Igloo to manage funds for regional revival
Decathletes village

30 July 2010

French retailer Decathlon plans first 150 acre sports village on green belt land in Hertfordshire
Luxury flats buy for West Register

30 July 2010

RBS distressed assets unit takes in Charters scheme at cut price
Manston plans to open Gateway

30 July 2010

Building a 3.3m sq ft business park by the north Kent coast might seem like a risky idea in present economic conditions, but developer China Gateway International says is entirely viable – if it can obtain investment from the Far East.
Kurt Geiger Covent Garden unveiled

29 July 2010

Footwear retailer Kurt Geiger has this week unveiled its new store in Covent Garden.
CABE: Community Green - using local spaces to tackle inequality and improve health

29 July 2010

The quality of your local green space is of fundamental importance. But some people are missing out. Access to decent green space, alongside housing, health and education, is a basic requirement for a good quality of life.
RICS Commercial Market Survey - Q2 2010

29 July 2010

The Q2 RICS UK commercial market survey indicates that lettings activity for business property slipped back, after a positive first quarter of 2010.
Young Group: Private Rented Sector Market Update - Q2 2010

29 July 2010

The ongoing difficulties of securing funding for buy-to-let property purchases remains of concern to UK residential investors.
Savills French Commercial Property Markets - Q2 2010

29 July 2010

Letting performances are relatively uneven this quarter across sectors. Take-up of industrial warehouses dropped by 68.6%whereas office lettings in IDF increased by 15.8%. Retailer demand for prime properties remains strong.
London Assembly: Cornered Shops - London's small shops and the planning system

29 July 2010

Londoners’ shopping habits have changed dramatically since the 1960s. Then the ’corner shop’ was the cornerstone of most peoples’ shopping experience, and the trip to the local butchers or greengrocers was part of daily life. Now many of us are more likely to drive to the shopping centre or visit an increasingly ’cloned’ high street that is dominated by a series of national and international chain stores.
CoStar Investment Update: June 2010

29 July 2010

The June summary of the investment market shows activity rising following a slow start to the year. The Q2 2010 total exceeded Q1 2010’s total by 17%.
Invista Real Estate: European Market Perspective - July 2010

29 July 2010

Despite the recent recession, Continental European property income returns held up between 2007 and 2009 and are expected to be themain component of total returns over the next five years.
DTZ Property Times: Belgium Secondary Markets - Q2 2010

29 July 2010

After six months in 2010, the take-up in the Belgian secondary markets globally was 128,134 sq m, nearly equalling half of the take-up recorded during last year.
DTZ Property Times: Belgium Industrial - Q2 2010

29 July 2010

The occupiers’ activity on the Belgian industrial market has improved during the second quarter of 2010, recording nearly 255,000 sq m compared to 137,000 sq m in Q1 (+ 85%) On an annual basis, the take-up now reaches 787,637 sq m.
DTZ Property Times: Brussels Offices - Q2 2010

29 July 2010

Activity has slowed after two exceptional quarters. Only one transaction above 10,000 sq m was recorded.
Legal & General Sustainable Property Guides - Office Occupiers Guide

29 July 2010

There is new legislation, set to come into force in 2010, that allows financial penalties levied on owners and occupiers of property alike for notreducing carbon emissions in commercial buildings.
CB Richard Ellis: Prime Rent and Yield Monitor - Q2 2010

29 July 2010

Prime rental growth for commercial property was flat this quarter following two preceding quarters of marginal growth.
Broadgate Estates appointed to manage £4bn King's Cross scheme estate

29 July 2010

Broadgate Estates has been appointed to advise on the estate management on the £4bn King’s Cross Central scheme.
Price curve lowers with capital value concerns

29 July 2010

The whole price curve moved lower this week as concerns over capital values continue to dominate many investors’ thoughts as sentiment takes a turn for the worse driven by the fragile economic environment.
Plans submitted for historic Towcaster regeneration

29 July 2010

South Northamptonshire Council has submitted plans for the redevelopment of an area of the market town of Towcester as it prepares for an anticipated boom in housing and employment in the area.
Bank of England figures show mortgage lending remaining quiet

29 July 2010

Total mortgaging rose by £600m in June, the Bank of England’s lending figures showed today, but the number of loans approved fell in a sign that the lending market will remain quiet into autumn.
HCA hit by £26m London-Wide Initiative cost

29 July 2010

The Homes and Communities Agency has been hit with a £26m cost due to the failure of a London homes development initiative.
Property Week Podcast 27: Hamptons International's Phil Tennant and planning lawyer Richard Max

29 July 2010

In the second epsiode of july’s podcast hear from Phil Tennant, director at Hamptons International, reveals his tips on the best places to buy a second home in the UK and overseas.
Boris introduces new protected views in central London

29 July 2010

Boris Johnson has today published new guidance aimed at increasing the protection of London’s historic views.
Manchester councils to run £350m North West kickstart fund

29 July 2010

A consortium led by ten Greater Manchester councils has been chosen to manage a £350m regeneration fund to lend to developers in the north-west.
Centro refinances $2.7bn US debt

29 July 2010

Australian shopping centre developer Centro has refinanced US$2.7bn of debt within its US business.
IPP buys former Croda site in Bromborough

29 July 2010

Croda’s former fatty acid plant at Bromborough Pool in Merseyside has been bought by Dibbin Estates and Equipment, an International Process Plants and Equipment Corp (IPP) affiliate.
Cornwall Council to shed 2,000 staff

28 July 2010

Cornwall Council’s leader has predicted that 2,000 jobs will be lost over the next four years as part of a plan to cut 30% of its spending.
Irish department store in control of banks

28 July 2010

State-owned Anglo Irish Bank and Ulster Bank are set to take control of department store Arnotts in Ireland.
Major retailers under fire from London Assembly

28 July 2010

Councils should be given powers to resist planning applications from big retailers, according to the London Assembly.
Tomlin Bean and Toolbox Marketing form jv

28 July 2010

Retail marketing specialist Toolbox Marketing has formed an alliance with creative agency Tomlin Bean to create a pan-European association to advise on marketing services for international retail property companies.
Southampton wins Arts Council funding

28 July 2010

A proposed arts complex in Southampton has been awarded £7.2m by the Arts Council England.
Sainsbury’s submits plans for Fulham Wharf

28 July 2010

Sainsbury’s has submitted plans for its Fulham Wharf project.
Owners, advisers and tenants unite for “green lease action plan”

28 July 2010

Leading building owners and advisory firms in the US have joined corporate tenants in committing to a statement of principles and a Green Lease Action Plan to resolve the challenges of energy and sustainability in leased office buildings.
Sainsbury’s confirms CBRE appointed as estates manager

28 July 2010

Sainsbury’s has confirmed it has signed a three year contract with CB Richard Ellis to take on the role of estates manager for the supermarket retailer.
Government changes property rules for fire services

28 July 2010

The coalition has today told UK fire services they no longer need to use asset management strategies or follow RICS best practice.
Irish rents stifle recovery, IPD Q2 figures show

28 July 2010

A sharp fall in Irish commercial property rents is stifling the market’s recovery.
Internos secures logistics letting in the Netherlands

28 July 2010

Internos Real Investors, the €1.5bn real estate fund management business has let 12,000 sq m of distribution space in the Netherlands.
Europa sells €60m Düsseldorf development

28 July 2010

Europa Capital has completed the sale of an office development in Düsseldorf for €60m.
Cheshire developer buys back Modus site in Devon.

28 July 2010

Rob Lloyd, the chief executive of AIM-listed developer Eatonfield, has bought a 24-acre site in Devon that was formerly owned by Brendan Flood’s Modus group.
Derwent completes Central Cross buy

28 July 2010

Derwent London made its biggest purchase for three years this week.
Royal Docks regeneration plans published

28 July 2010

Plans for the regeneration of the Royal Docks in east London have been published today, setting out a strategy to secure up to £22bn of investment.
CBRE reports second quarter profit of $54.8m

27 July 2010

CB Richard Ellis has reported significantly higher revenue and earnings for the second quarter.
JLL makes profit of $32m in second quarter

27 July 2010

Jones Lang LaSalle has reported a much improved second quarter financial performance.
Development agreement paves way for Potters Fields

27 July 2010

The next step in the development of Potters Fields, the development site sandwiched between Tower Bridge and London’s City Hall, took place yesterday with the confirmation of a development agreement between Southwark Council and Berkeley Homes.
Qatari investor sees value in Mayfair

27 July 2010

F&C Reit has sold 27 Dover Street in Mayfair, London for £6.35m. Claymore Asset Management bought the property on behalf of Qatari-owned Oryx Property.
Paul Uppal to head Parliament property group

27 July 2010

MPs and peers have picked Wolverhampton MP Paul Uppal to champion property in Parliament.
Duchy of Lancaster reports solid results

27 July 2010

The Duchy of Lancaster’s estate rose by 7.9% in value and generated a total return of 11.9% in the year to 31 March.
PWTV: Liz Peace and Rob Bould to jump off a building for LandAid Day

27 July 2010

British Property Federation chief executive Liz Peace and GVA Grimley chief executive Rob Bould have agreed to abseil down a 20-storey building to raise money as a part of LandAid Day.
Lend Lease buys Singapore development site

27 July 2010

Australian listed property group Lend Lease has bought Singapore’s Jurong Gateway Road site for A$618m (£360m).
MORNING AFTER: Coldstream Cup Charity Golf Day

27 July 2010

On 22 July the first Coldstream Cup Charity Golf Day was held at the New Zealand Golf Club in Addlestone, Surrey.
Scots ministers brand Crown Estate “unaccountable”

27 July 2010

Scottish ministers are looking for UK government support to make the Crown Estate more accountable.
MORNING AFTER: West London Property Lunch

27 July 2010

The second West London Property Lunch of 2010, organised by West London Business, took place earlier this month with over 90 property executives dining at the institute of Directors on London’s Pall Mall.
Beacon Capital secures €600m refinancing of Paris tower development

27 July 2010

Pbb Deutsche Pfandbriefbank has renewed and extended the €600m facility to Beacon Capital Partners for the Tour First tower development in La Defense near Paris
DAM Estates gets planning for Travelodge at Lee Hurst comedy club

27 July 2010

Hotel operator Travelodge and stand-up comic Lee Hurst are set to open in a development in east London that has just won planning permission.
West End Company unveils 2020 vision at its birthday bash

27 July 2010

The New West End Company celebrated its 10th birthday by unveiling its 2020 VISION for the London’s West End at the House of Commons last night.
Foreclosures jump among prime US borrowers

27 July 2010

Credit-worthy borrowers with straightforward mortgages are entering foreclosure at a record pace, according to a report released on Tuesday by Lender Processing Services, which tracks and analyses mortgages
Euro Disney sells €47m mall

27 July 2010

Klepierre and AXA have bought the Val d’Europe mall from Euro Disney for €47m.
NWDA axes funding for more than 100 schemes

26 July 2010

The North West Development Agency (NWDA) has axed funding that was due for more than 100 schemes across the northwest, and it will make no new financial commitments next year.
Redefine agrees £106m London hotels deal

26 July 2010

Redefine International has agreed to buy five Holiday Inn hotels in London for £106.3m.
Valad wins €480m Swedish fund management mandate.

26 July 2010

Valad Europe has been appointed by Kefren Properties as investment manager of its €480m real estate portfolio in Sweden for five years.
Swiss clock to return to Leicester Square

26 July 2010

The famous Swiss Glockenspiel clock in Leicester Square, is set to return after a two year break.
CABE Review: Northumberland Development Project, Haringey

26 July 2010

Design of a new stadium for Tottenham Hotspur Football Club within the context of a wider development, including a new supermarket, apartments, a hotel, and new public open space. Designed by Make Architects, KSS Design Group and Townshend Landscape .
CABE Review: New Wakefield Street, Manchester

26 July 2010

A 33-storey building for mature students and key worker accommodation. Developer - Allied Developments. Designed by Hodder + Partners.
CABE Review: Morecambe Centreal Promenade Redevelopment Site, Lancaster

26 July 2010

Developer: Urban SplashArchitect: Flacq Architects
Betting shop bought up by rivals

26 July 2010

South-east based betting shop chain Roar Betting has been split up and sold after it was placed in administration on 19 July.
Norwegian sovereign fund eyes a stake in Regent Street

26 July 2010

Norway’s sovereign wealth fund is in the running to buy a stake in Regent Street, one of the world’s most famous shoppingdestinations and a prized asset of the Crown Estate, The Daily Telegraph reported yesterday.
Councils stand in way of Boris LDA power grab

26 July 2010

Council leaders in London have failed to reach agreement with Boris Johnson’s office on his proposal to devolve key development powers to the mayor of London.
UK Coal appoints Peel director to run restructured property division

26 July 2010

UK Coal, Britain’s largest coal mining company, has appointed Peel Holdings director Owen Michaelson to take over its property division following a structural overhaul of the business.
HSBC to lead £600m Pinnacle funding

26 July 2010

The consortium behind plans to develop one the Pinnacle is close to agreeing terms with HSBC to lead the £600m financing of what will be one of London’s tallest skyscrapers, the Independent on Sunday reported yesterday.
Heseltine panel to allocate £1bn Regional Growth Fund

23 July 2010

Former deputy prime minister Lord Heseltine will head up the panel that selects which regeneration schemes will benefit from the government’s new £1bn Regional Growth Fund.
Trespass opens first south-west store

23 July 2010

Outdoor leisure and clothing retailer Trespass has opened its first high street store in the south west as it starts a wave of new openings.
St Martins to sell £900m portfolio

23 July 2010

St Martins has put up for sale a £900m portfolio of assets located across the UK and Europe.
Shapps unveils "Right to Build" planning reforms

23 July 2010

Housing minister Grant Shapps has today unveiled the government’s latest “localist” proposals for the planning system, which aim to let rural villagers decide where they want homes built.
High Court rules Miss Sixty CVA "fatally flawed"

23 July 2010

The High Court has ruled that the company voluntary arrangement (CVA) by retailer Miss Sixty should be set aside because it is “fatally flawed”.
Colliers International to close Cambridge office

23 July 2010

Colliers International has decided to close its Cambridge commercial business
MoD proposes 1,650 homes for Bicester site

23 July 2010

Defence Estates, the Ministry of Defence’s property arm, is seeking planning consent for 1,650 homes to be built on its Graven Hill depot site near Bicester, Oxfordshire.
Gerald Eve's Legal and Parliamentary Evebrief - July 2010

23 July 2010

The emergency budget measures are starting to take effect with the axe poised over the public sector. We report on some of those who havebeen among the first to be cut.
Cluttons' Commercial Property Market Outlook Report - July 2010

23 July 2010

With hindsight, the market correction finished in Q1 2010. For Q2 values have moved up more slowly with yields trending stable in most markets. We have had a General Election and an emergency budget, so is the market now at a turning point?
More new names for Southgate Bath

23 July 2010

Multi Development and Aviva Investors have signed a raft of new names for their Southgate scheme in Bath.
Norfolk MPs step in to bring Targetfollow back from the brink

23 July 2010

A group of Norfolk based MPs have stepped in to crunch talks with Lloyds Banking Group over the future of Norwich-based private property company Targetfollow.
Dougray to head up LSH Edinburgh

23 July 2010

Chris Dougray is joining Lambert Smith Hampton to head up its Edinburgh office.
Investors snap up derivatives bargains

23 July 2010

The market improved across the curve this week, particularly in the Dec 10 contract as investors were quick to snap up the occasional bargain at the lower levels reached last week when it was possible to buy IPD returns paid annually at par.
Council property workers worried about job cuts

23 July 2010

More than half of property people in local authorities are worried about losing their jobs as a result of government spending cuts, a PublicPropertyUK.com survey suggests.
Former Prologis MD joins Chapco

23 July 2010

Former ProLogis managing director Alan Curtis has joined facilities management company Chapco Group as non-executive chairman.
Housebuilders call for HomeBuy reboot

23 July 2010

One of the old government’s boldest measures to boost the housing market – the shared equity initiative called HomeBuy Direct – is drawing to a close and by common consent in the industry the new Coalition needs to drum up a replacement scheme.
L&G buys in Wales

23 July 2010

Legal & General Property has bought two office buildings from developers WISP Newport and WISP Swansea for £23.44m, an average net initial yield of 5.15%.
Legal threat to planning revolution

23 July 2010

Lawyers and planning experts warn of challenges to regional overhaul
NSPCC appoints Savills

23 July 2010

Children’s charity the NSPCC has appointed Savills to join its panel of UK property advisors.
Savills Ile-de-France office market report: Q1 2010

23 July 2010

The letting activity in Ile-de-France remains moderate but the signs of recovery are strong in Paris where demand has doubled in the space of twelve months. In the CBD, some deals have again crossed the threshold of €800/sqm/year.
Le Meridien Piccadilly sold to Host Hotels & Resorts

22 July 2010

Starman Hotels has sold its Le Meridien Piccadilly hotel in London to Host Hotels & Resorts for £64m.
Scarborough wins Cheshire consent

22 July 2010

Scarborough Development Group has obtained planning permission for a multi-million pound redevelopment of a three-acre town centre site in Congleton, Cheshire.
Lloyds poaches Co-op property head

22 July 2010

Lloyds Banking Group has poached Lynda Shillaw, head of property at the Co-Operative Group, to be its managing director of corporate real estate.
Gleniffer sells Glasgow Waitrose scheme

22 July 2010

Gleniffer Estates PLC has sold the fourth phase of Greenlaw Village in Newton Mearns, Glasgow to an unnamed pension provider.
Defra to cull 36 quangos

22 July 2010

The government’s Department for Environment, Food, and Rural Affairs is to axe 36 quangos as part of an efficiency savings drive, it was announced today.
Oldham appoints consultancy on £20m stadium plans

22 July 2010

Oldham Athletic FC has appointed Sports Solutions GB to help deliver their £20m community sports facilities development scheme.
North Yorkshire Council buys £4.7m navy site

22 July 2010

Defence Estates, the Ministry of Defence’s property arm, has sold a former Royal Navy site near Harrogate for £4.7m to North Yorkshire County Council.
Minority shareholders should vote against £1.6bn F&C CPT and UK CPT merger says Cenkos

22 July 2010

Minority shareholders should vote against the £1.6bn merger of F&C Commercial Property Trust and UK Commercial Property Trust, a note from City broker Cenkos has said.
Green means go for Miller Birch and E.ON

22 July 2010

Power company E.ON and its development partner Miller Birch have secured planning permission for a 105,000 sq ft “green” office scheme.
GPE portfolio outperforms the market

22 July 2010

Great Portland Estates’ portfolio outperformed the market with a 4.6% capital value growth in the second quarter of this year, the company said today.
DevSecs launches £100m rights issue

22 July 2010

Development Securities today announced a £100.2m rights issue to take advantage of development opportunities in the finance-starved market.
Staffordshire police offices up for sale

21 July 2010

Staffordshire Police has put the freehold interest of 5,573 sq ft of commercial office space at Crossfields, 35 Cannock Road in Baswich, near Stafford, up for sale.
MORNING AFTER: The Property Race Day

21 July 2010

The fourth annual Property Race Day was the biggest yet, it was sold out with 700 thoroughbreds from the property industry descending on Ascot.
Tritax completes Brindleyplace sale

21 July 2010

Tritax has completed the sale of £190m worth of offices at Birmingham’s Brindleyplace, as first revealed by PropertyWeek.com.
MORNING AFTER: Sailing at Hamble with Plus Shops

21 July 2010

Down to Hamble for a spot of sailing courtesy of Plus Shops.
MORNING AFTER: Movers & Shakers Henley Networking Event

21 July 2010

The Movers & Shakers networking club set sail down the Thames on 8 July for a networking evening at henley Festival of Music & Arts.
Recovery is ‘stalling’, says Helical Bar

21 July 2010

Helical Bar believes the strong recovery in property values is “stalling”, and will only buy selectively, the company said today in a market update.
Trinity Leeds to go ahead and non-exec director appointed at LandSecs

21 July 2010

Land Securities has confirmed it plans to start its 1m sq ft Trinity Leeds shopping centre scheme.
London resi rents surge, says Knight Frank

21 July 2010

Residential landlords in London’s prime areas have seen a surge in rents over the past year, according to Knight Frank.
Lesley Knox to succeed David Home as Grosvenor chairman

21 July 2010

Grosvenor has appointed Lesley Knox to succeed David Home as non-executive chairman. She will join the board in September and become chairman in January 2011.
ProLogis signs three build-to-suits in Europe

21 July 2010

ProLogis has secured three build-to-suit agreements for distribution facilities in Europe totalling 389,000 sq ft and approximately $31m of investment.
London and Stamford buy in Battersea

21 July 2010

London & Stamford Property has bought apartments and car parking spaces at Bridges Wharf, Battersea, in south London.
Scottish Widows confirms Kleinwort Benson letting

21 July 2010

Kleinwort Benson, the UK and Channel Islands wealth manager, has taken the whole of Scottish Widows Investment Partnership’s (SWIP) 50,000 sq ft St George Street office development, as first tipped by Property Week in February.
Tenant failure risk as companies try to trade out of recession, Cluttons warns

20 July 2010

Companies trading too much and suffering cash flow problems as they emerge from the recession could threaten the occupational markets, research from Cluttons has shown.
Cushman staff scale Kilimanjaro for schools charity

20 July 2010

Fifteen Cushman & Wakefield staff are preparing to scale the heights of Kilimanjaro – the tallest mountain in Africa – to raise money for charity.
Property Week Podcast 26: Overseas money will move to the regions says CBRE's Nutman

20 July 2010

The focus of overseas money on London’s retail assets will expand to key locations in the regions, CB Richard Ellis’s executive director of retail capital markets said in the latest episode of the Property Week Podcast.
Western Europe top for industrial say sector specialists

20 July 2010

Two-thirds of leading investors, developers and occupiers of industrial property see Western Europe as the most attractive region for logistics investment in the next three years, according to CB Richard Ellis research.
Mortgage lending up by 15% in June

20 July 2010

Gross mortgage lending in June was 15% higher than in May, figures from the Council of Mortgage Lenders have shown, but is still at a low level.
Construction begins on Co-op head office

20 July 2010

Construction has started on the Co-operative Group head office in Manchester.
Heron secures £115m loan for City resi tower

20 July 2010

Heron International has secured a £115m loan facility to finance the construction of The Heron, its residential development next to the Barbican in the City of London.
Henderson buys Islington shopping centre for £112m

20 July 2010

Henderson Global Investors’ German business Warburg-Henderson KAG has bought the N1 shopping centre in Islington for £112m.
Support our troops with auctions and golf

20 July 2010

Serving soldiers, former soldiers and their families are being helped by an online auction and golf day supported by the commercial property industry.
Luxury Fashion boosts West End retail sales

19 July 2010

Retail sales in London’s West End saw a 10% year-on-year growth in June compared to a flat UK-wide result of just 1.2%, according to figures released by the New West End Company today.
Investec recruits Gandy to UK acquisition team

19 July 2010

Investec Property Investments has appointed Crispin Gandy to its UK and Ireland acquisition team.
Raynsford appointed Olympics homes company chairman

19 July 2010

Labour MP Nick Raynsford has been appointed chairman of Triathlon Homes, the company established to own and manage the affordable housing at in the Athletes’ Village in Stratford, east London, following the 2012 Olympics.
Morgans refinances £100m luxury London hotels debt

19 July 2010

Debt secured against two five-star London hotels has been refinanced by one of the hotels’ joint owners, Morgan Hotels Group.
Aviva wins Noho Square scheme

19 July 2010

Aviva Investors and Exemplar Properties have teamed up with the committee managing the assets of Iceland’s failed Kaupthing Bank to develop a £750m scheme on the site of the former Middlesex Hospital, the Independent reported today.
Jones Lang LaSalle strengthens tenant representation team

19 July 2010

Jones Lang LaSalle has appointed Will Heigham as an associate director in its national office agency tenant representation team in London.
Pricing continues downwards as summer holidays begin

16 July 2010

Just as the market was settling down for the summer holidays derivative pricing continued the downward trend, bringing IPD swap returns more into line with those generated in the REIT market, during possibly the busiest week for several months.
Grainger unveils plans for Newlands

16 July 2010

Grainger has revealed the initial designs for the first phase of its residential led, mixed-use development in Newlands, Hampshire.
Cap & Reg reports rise in fund values

16 July 2010

Capital & Regional reported a rise in the value of its three funds this morning for the quarter ending 30 June.
Kifin denies desire to take control of Minerva

16 July 2010

In a statement released by Minerva on 14 July, it said that Kifin, which owns 29.55% of the company, informed Minerva’s chairman Oliver Whitbread a week ago that it wanted to initiate a series of management changes including his removal and that of its chief executive Salmaan Hasan.
Atkinson departs Colliers for Doherty Baines

16 July 2010

Stuart Atkinson has left Colliers International to join Doherty Baines as an equity partner. Atkinson spent four years at Colliers as a senior investment director.
Midtown’s office development pipeline dries up

16 July 2010

Midtown’s office development pipeline is drying up, according to the latest data from Farebrother.
Morey joins Alvarez & Marsal

16 July 2010

Scott Morey, former chief operating officer and chief financial officer at west African firm CityScape, is to join Alvarez & Marsal as a managing director and head of the firm’s European real estate practice.
Prologis leases 490,000 sq ft to Travis Perkins

15 July 2010

PEPR, one of Europe’s largest owners of modern warehouse distribution facilities, announced today that it has signed a 17 year lease with Travis Perkins, a supplier to the UK’s building and construction industry.
PWTV: Lipton compares government property strategy to pop-up shops

15 July 2010

Sir Stuart Lipton, deputy chairman of Chelsfield said yesterday that government property strategy is like pop-up shops - ideas “pop-up” and then disappear.
Cap & Reg and Aviva completes £1.1bn debt restructure

15 July 2010

Capital & Regional and Aviva Investors, co-managers of the Mall Fund, have completed restructuring the fund’s £1.1bn debt pile.
Colliers reshuffle after double departure

15 July 2010

Colliers CRE has lost two directors from its industrial and logistics team.
MORNING AFTER: Aston Rose Drinks Reception

15 July 2010

Property Come Dine With Me star John Williams hosted a drinks party for on the roof terrace of Aston Rose’s West End headquarters yesterday.
Boris Johnson BIDs for regeneration co-operation

15 July 2010

Mayor of London Boris Johnson today announced plans to allow London’s delivery agencies and Business Improvement Districts to work together to ensure a city-wide dialogue of regeneration.
Mitchells & Butler sells £91m lodge business

15 July 2010

Mitchells & Butlers has announced the disposal of the majority of its lodge business and the sale and leaseback of eight pubs for £91m.
MORNING AFTER: Movers & Shakers public property breakfast

15 July 2010

A packed Dorchester ballroom was host to Chelsfield Partners deputy chairman Sir Stuart Lipton; Land Securities chief executive Francis Salway; John McCready, head of the government’s Property Unit and John Rouse, chief executive of the London Borough of Croydon for a debate on the public property sector.
Global investment in Q2 doubles to $66bn

15 July 2010

Global real estate investment in the second quarter of 2010 was $66bn – double the same period in 2009, research from Jones Lang LaSalle has shown.
Tesco development arms submits £150m Gateshead plan

15 July 2010

Spenhill has submitted a planning application for the $150m regeneration of Trinity Square in Gateshead.
Fletcher King pre-tax profits drop

15 July 2010

Profits at property consultancy Fletcher King fell by more than a quarter in 2009, the firm revealed today.
Thieves steal Gold Cup from Mould

15 July 2010

Thieves broke into the home of London & Stamford co-founder Raymond Mould and stole the Cheltenham Gold Cup, the Daily Mail reported yesterday.
McKay Securities completes office lettings trio

15 July 2010

McKay Securities has completed three office lettings in London.
PWTV: A packed Ascot for its debut Property Race Day

15 July 2010

Nearly 700 property professionals headed to Ascot last week for the ground’s first Property Race Day.
Crown portfolio rises by £625m

15 July 2010

The value of the Crown Estate’s property portfolio rose by 8.8% to £6.23bn over the last year, bolstered by its urban portfolio focussed around London’s Regent Street.
Green light for Stockley expansion

15 July 2010

A 750,00 sq ft extension to Stockley Park in West London has been approved by the London Borough of Hillingdon.
Kirsh calls for removal of Minerva chief executive

14 July 2010

Kifin, a company controlled by wealthy South African investor Natie Kirsh, is trying to oust the chairman and chief executive of Minerva, the London developer.
Barratt's Clare backs localism but raises housing policy concerns

14 July 2010

Barratt Developments is embracing the coalition’s localism agenda according to chief executive Mark Clare but he today called on the government to provide more detailed guidelines on its housing policy amid uncertain economic conditions.
IPD: UK values rose 0.5% in June

14 July 2010

UK commercial property has eased to its slowest quarterly growth since the market rebound began last August.
Plans submitted for Falkirk scheme

14 July 2010

British Waterways and Falkirk Council have submitted plans for 58-acre mixed use scheme on Forth & Clyde canal.
Glasgow's St Enoch Centre manager promoted to European portfolio

14 July 2010

Susan Nicol, the general manager of Glasgow’s St Enoch Centre who oversaw its £150m redevelopment, has been promoted by the centre’s owner, Ivanhoe Cambridge.
King Sturge strengthens South East office team

14 July 2010

King Sturge has appointed Chris Barrs as a senior associate in the South East office agency team.
Jones Lang LaSalle wins Fairoaks Airport instruction

14 July 2010

Jones Lang LaSalle has been instructed to find a buyer for part of Fairoaks Airport in Surrey after owning company Albermarle Fairoaks fell into administration in February.
Pramerica forms Abu Dhabi joint venture

14 July 2010

Pramerica Real Estate Investors has formed a real estate investment management joint venture with Abu Dhabi government investment body Mubadala Development Company.
Instant hires former Friends Reunited boss

13 July 2010

Entrepreneur Michael Murphy has taken over as the chairman of Instant, the online broker for serviced office space and providers of managed offices.
Sporting plans for Lewisham revealed

13 July 2010

Regeneration specialist Renewal has launched plans for the regeneration of north Lewisham.
MCC shortlist five developers for luxury flats at Lord’s

13 July 2010

Marylebone Cricket Club (MCC) has shortlisted five development companies to build a residential scheme at Lord’s Cricket Ground in St John’s Wood, London.
DTZ returns to profit at operating level

13 July 2010

DTZ made a pretax loss of £22.9m in the year to 30 April after suffering restructuring and refinancing costs.
DTZ plans asset management buy

13 July 2010

DTZ is planning to buy the remaining 20% stake it does not own in its European asset management business in a deal worth up to €22m.
Savills hits 89% despite auction downturn

13 July 2010

Savills achieved a success rate of 89% at its commercial auction yesterday, raising £5m from 26 lots.
Barclays provides student accomodation debt

13 July 2010

Barclays Corporate has provided £27.4m senior debt finance for Campus Living Villages to develop student accommodation at the University of Bedfordshire.
General Growth brings JLL in on 11m sq ft in US

13 July 2010

General Growth Properties, the US shopping centre owner, has appointed Jones Lang LaSalle on 11m sq ft of retail property.
FG Burnett’s MacCuish joins Aberdeen Chamber of Commerce board

13 July 2010

Angus MacCuish, managing director of Scottish property consultancy F G Burnett, has been appointed to the board of the Aberdeen and Grampian Chamber of Commerce.
Covent Garden Market Authority announces shortlist for a development partner

12 July 2010

The Covent Garden Market Authority (CGMA) has announced a shortlist of six developers for the £1bn redevelopment of the New Covent Garden Market in Nine Elms, on the south bank of the River Thames.
Closing date set for Ferry Village bids

12 July 2010

Bids for a 27 acre residential site at Ferry Village, Braehead must be submitted by 5 August.
MORNING AFTER: The Property Week Challenge for Muscular Dystrophy

12 July 2010

More than 300 runners acros 28 teams took part in the Property Week Challenge, a 10k run through central London, to raise money for theMuscular Dystrophy Campaign.
Central London availability drops to two year low

12 July 2010

Availability in central London is at its lowest for two years according to research by CB Richard Ellis.
AXA Real Estate raises €230m

12 July 2010

AXA Real Estate has raised €230m for the first closing of its pan-European development fund Development Venture III.
MORNING AFTER: King Sturge Property Triathlon

12 July 2010

A record 2,200 people toom part in the King Sturge property triathlon on Friday.
Double dip fears push prices down, but buyers still scarce

9 July 2010

This week the market was dominated by all the talk of a double dip recession and what the implications for the property market would be.
Auction houses hit by summer lull

9 July 2010

Property auctions have suffered a disappointing week, with results from Cushman & Wakefield, Acuitus and Allsop all showing a significant drop in success rates.
Buccleuch buys in to Aberdeen Science Parks

9 July 2010

Buccleuch Property has bought the standing assets on Aberdeen Science & Energy Park and Aberdeen Science & Technology Park from Scottish Enterprise for £14m.
Ballymore reveals Nine Elms plans

9 July 2010

Irish developer Ballymore has unveiled plans for its 15-acre site in Nine Elms.
Government to sell off RDA assets

9 July 2010

Regional development agency property will be sold off as part of a structural reform plan published yesterday by the Department for Communities and Local Government.
Hed Kandi to open Bluewater shop debut

9 July 2010

Music and lifestyle brand Hed Kandi is to make its UK retail debut at Bluewater in August in conjunction with a transactional website.
Mistubishi sells Bow Bells House

9 July 2010

Mitsubishi Estate Company has sold Bow Bells House in the City of London for more than £140m.
DTZ and GVA Grimley’s royal appointment

9 July 2010

RBS awards bulk of UK property mandate to DTZ, and GVA will manage portfolio
1970s: sterling float and oil crisis create 24% inflation

09 July 2010

Commercial property values outperformed inflation by more than 50% overall between 1968 and 1973
1990s: boom leads to glut

09 July 2010

After a dearth of office development in the early 1980s, there was a marked rise, fuelled by low interest rates and the attractiveness of property compared to a more volatile stock market
A bit of advice for Osborne

09 July 2010

Dear chancellor, I read that you seek ideas from the public to help the government save money and improve governance. Here are some of mine
A decent home is as important as good health and education

09 July 2010

If pressed for a one-word answer on the future of housing, most of us would choose “uncertain”.
Able reveals £400 Humber marine energy park plans

09 July 2010

Plans for a £400m marine energy park on the Humber near Immingham have been revealed by developer Able UK. The park will be used for the construction and installation of wind turbines, and development of biomass energy.
Administrators: time to stop squeezing property

09 July 2010

One property man likens them to the undertaker who removes the rings on a dead man’s fingers
And finally …

09 July 2010

Summer has always been the time for exploring the great outdoors. But the quiet market has given companies even more room in the diary to plan expeditions, many in the name of charity.
Any excuse will do

09 July 2010

We all know rock stars like to party, but not usually to celebrate the completion of a mixed-use scheme in Barnsley
Aviva catches fallen New Star fund from Henderson

09 July 2010

International property vehicle to transfer after reopening to redemptions in February
Barrow regeneration nears funding crossroads

09 July 2010

Slowly but surely the regeneration wheel is turning for Barrow-in-Furness on the west coast of Cumbria.
Caffè Nero froths up Victoria

09 July 2010

Italian coffee chain Caffè Nero this week opened a 2,268 sq ft coffee shop on a 10-year lease with six months rent free at Marsham Street near Victoria railway station in central London
CB Richard Ellis Investors trades on £250m war chest

09 July 2010

CB Richard Ellis Investors owns 8m sq ft of trade counters across the UK but it is looking to bolster its portfolio
CBRE Investors Oakland office interest

09 July 2010

CB Richard Ellis Investors has bought a portfolio of five office properties and a car park, totalling 1.6m sq ft, in Oakland, California
Chancerygate takes a chance on trade counters

09 July 2010

Developer plots out two more schemes in hope of finding prelets
Chemist restructures and cuts costs to Boots

09 July 2010

The UK’s largest pharmacy, Alliance Boots, has reorganised its property team to reduce its property costs and expand its portfolio
Cluttons buttons up Asia-Pacific alliance

09 July 2010

Bill Siegle leads firm in joint venture with VPC Asia Pacific, formerly Vigers
Core gets into the London spirit

09 July 2010

Fashion brand Core Spirit has secured its first London flagship store at 105 New Bond Street.
Cyril Sweett buys Widnell for £5.4m

09 July 2010

Cyril Sweett has bought Widnell, the third largest quantity surveying firm in the Asia Pacific region, for £5.4m. A further sum will be paid for net assets delivered at completion.
Databank: look beyond easy-build option

09 July 2010

The residential development land market is polarising: there is strong competition for some sites and no activity at all on others.
Economic uncertainty makes REITs’ future bleak

09 July 2010

In 1676 Sir Isaac Newton remarked, in a letter to his rival scientist Robert Hooke: “If I have seen a little further, it is by standing on the shoulders of giants.”
Europa orbits Brussels development

09 July 2010

Europa Capital, the fund manager of Europa Fund III, has exchanged contracts with Dexia Insurance Belgium to buy the Realex site at the junction of rue de la Loi and Wetstraat in the Leopold district of Brussels, Belgium
European bank offers cheap euros

09 July 2010

The European Central Bank (ECB) said last week that it would lend €131.9bn to banks for three months at 1%, in a tactic that strengthened the euro.
Fineman Ross looking up

09 July 2010

Peter Fineman’s 19-year reign as the tallest employee at Fineman Ross has been ended by a new recruit.
Flood of interest for ING sale

09 July 2010

ING Group has received interest from several of the world’s biggest fund managers and institutional investors to buy its real estate investment management unit, Reuters reports.
Fortress buys CW Financial

09 July 2010

Fortress Investment Group has agreed to buy US loan servicing and investment management company CW Financial Services
Four who have cornered the tiles market

09 July 2010

Tile retailers are battling for the best trade counter sites for their expansion plans. David Hatcher gives you the lowdown on the big four
FSA reins in sale-and-rent-back spivs

09 July 2010

Struggling homeowners given more protection
Gellatly firms up IPF chairman role

09 July 2010

John Gellatly has taken over as chairman of the Investment Property Forum for the next year
Green light for Essex green belt works

09 July 2010

Communities and local government secretary Eric Pickles has sanctioned large-scale development in the Essex green belt, despite the government’s general stance of defending green belt land
Green tax to help plug deficit

09 July 2010

The government will use green taxes as a way to plug the public deficit and penalise companies that fail to meet carbon emissions targets, a leading climate expert has said.
G-Star finds second spot in Munich

09 July 2010

G-Star Raw Denim, the denim fashion brand, has taken a 3,229 sq ft store at Sendlinger Strasse 23 in the old town of Munich, its second in the city.
HMV retunes leases

09 July 2010

Music and book retailer HMV Group aims to reduce its leasehold property costs
IFAs: ‘steer clear from property’

09 July 2010

Independent financial advisers (IFAs) are recommending private investors reduce their exposure to commercial property
Industrial action at big three

09 July 2010

Activity revs up at RAF Sealand, Knowsley and Rochdale. Paul Unger reports
IPD takes on RREEF’s Hobbs for key job

09 July 2010

Property analysis provider recruits researcher as head of business development
Liverpool One finance line-up

09 July 2010

Grosvenor is in early refinancing talks with banks that provided £450m of debt for its Liverpool One scheme.
Lloyds’ private equity sell-off

09 July 2010

Lloyds Banking Group has completed the sale of a portfolio of 40 private equity investments, including Lambert Smith Hampton, in its Bank of Scotland Integrated Finance business to a new joint venture, Cavendish Square Partners
Manchester and Liverpool rise as regions flatline

09 July 2010

Prime headline and net effective office rents will stabilise in Liverpool and Manchester during the second half of 2010.
Manchester office take-up set to spin past 1m sq ft

09 July 2010

Co-op’s new headquarters sets up Manchester city centre for a strong year. Paul Unger reports
MoD attacked over property strategy

09 July 2010

Department has ’inadequate mechanisms’ to make necessary cuts
Need to know: lowdown on the Farmgen

09 July 2010

Some clever energy entrepreneurs in Lancashire have worked out a way to generate power on farms and sell it to the utility companies, and share the spoils with the landowners
Polarising property yields provide food for thought

09 July 2010

Prime property yields remain unchanged for the second month running.
Portman's Village people

09 July 2010

There have been several shop lettings in Portman Estates’ Portman Village in London’s West End
Preston’s pressing office problem

09 July 2010

Talks under way to bring city to where it should have been a decade ago
Property lags in recovery

09 July 2010

PricewaterhouseCoopers’s latest corporate insolvency report shows property is still bearing the brunt of the downturn
Property triathlete declares Waugh

09 July 2010

Today is one of the busiest in the property sporting calendar.
Q+A: Barry Varcoe resonates

09 July 2010

Barry Varcoe, past-chairman of CoreNet Global and former group property director at the Royal Bank of Scotland (see box), talks to Property Week about his new business venture, Real Estate Resonance, which he launched this week
Q+A: Paul Rice gets down to business in Liverpool

09 July 2010

Paul Rice heads the Liverpool Commercial District Partnership, which is campaigning for the city’s second business improvement district (BID)
Q+A: Toolstation builds extension

09 July 2010

Toolstation managing director Philip MacLauchlan talks about the retailer’s expansion
Raven Russia AIMs for main market

09 July 2010

Industrial property developer Raven Russia is moving its listing from AIM to the main London Stock Exchange at the beginning of next month.
RBS enlists Lazard for £3bn loan sale

09 July 2010

The Royal Bank of Scotland (RBS) is working on plans to sell up to £3bn of its £51bn of “non-core” commercial property loans.
Residents take Heart in Salford’s Number One blocks

09 July 2010

Salford’s media hub prepares to welcome its residential neighbours
Richards' road to recovery

09 July 2010

John Richards has no time for a quiet retirement. After stepping down as Hammerson chief executive last year, he now carries the hopes of the industry as the new president of the British Property Federation
Rock and Mall get ready to join Lancashire lineout

09 July 2010

Blackburn and Bury are rare sights on the retail landscape, both having new centres, or centre extensions, opening shortly.
Shared housing: Redrow and Property Alliance

09 July 2010

Housebuilders are stepping up activity in the north-west, but are having to be imaginative to forge deals with landowners. Redrow and Trafford-based Property Alliance Group are considering such a joint venture in Salford
Sofia Mall gains green certificate

09 July 2010

The Mall in Sofia is the first retail scheme in Bulgaria to be awarded the ISO 14001:2004 environmental management certificate.
St Modwen shells out to shareholders

09 July 2010

Regeneration specialist turns corner in recovery and pays dividends
Tenants have upper hand as landlords on back foot

09 July 2010

The UK trade counter sector is largely made up of businesses that feed off the housebuilder and home improvement markets. There are around 50 operators.
Terance Butler dips toe in trade counter development

09 July 2010

Terance Butler Holdings is developing trade counter units for the first time.
The coalition may look solid, but only recovery will assure its future

09 July 2010

Ouch! The emergency Budget has certainly shared out the pain.
Tokyobike's London ride

09 July 2010

Independent Japanese bicycle company Tokyobike has opened a 1,050 sq ft pop-up shop on Ballymore Properties’ 117 Commercial Street in east London.
Travelodge has eye on 2012 Olympics prize

09 July 2010

Hotel chain plans 8,000 further bedrooms in time for the games and to outprice independent operators
Travis Perkins nails BSS takeover

09 July 2010

Markets and analysts approve of imminent buyout of builders merchant
UK public sector contract fears renewed after EU ruling on Dutch project

09 July 2010

Doornakkers, a regeneration project planned for the Dutch municipality of Eindhoven, has resurrected fears that public sector contracts awarded for UK schemes will have to be retendered.
Wards Corner campaign wins race case

09 July 2010

Court of Appeal rules that “race relations of schemes” must be considered
What banks can learn from 1970s and 1990s

09 July 2010

BNP Paribas Real Estate compares past recessions for direction on the latest
Wheelie great race Waite

09 July 2010

James Waite of Land Securities is property’s top inner city road cyclist. He won the Architects and Developers race at this year’s HTC Smithfield Nocturne in London, held last month.
Maude quizzes Trillium on cutting contract costs

8 July 2010

Contractors including Telereal Trillium met Cabinet Office minister Francis Maude today to discuss renegotiating their agreements with the government.
Savills' Spotlight on Student Housing - June 2010

8 July 2010

Will the associated risks involved dampen the attractiveness of investing in the student housing market in 2010?
Knight Frank's Bahrain Property Report: H1 2010

8 July 2010

Manama has not been immune from the recent downturn in the global property market.
Jones Lang LaSalle recruits head of EMEA retail research

8 July 2010

James Brown, former UK director of research at Grosvenor, has joined Jones Lang LaSalle as head of EMEA retail research and consultancy.
Treveria German holding companies face €329m insolvency action

8 July 2010

Deutsche Bank has filed for insolvency on several of retail investor Treveria’s property holding companies in relation to €329m of debt.
Zoopla strengthens online offer with three estate agency agreements

8 July 2010

Property website Zoopla.co.uk has strengthened its position in the online marketing arena by signing long term strategic partnerships with the UK’s three largest estate agency groups – Countrywide, LSL Property Services and Connells Group.
MORNING AFTER: CoreNet Summer Star Awards

8 July 2010

Corporate occupiers from across the globe including Nokia, Google, American Express and Unilever gathered in the City of London on the evening of 1 July to celebrate the winners of the 14th Corenet Summer Star Awards.
Watford Colosseum gets face lift

8 July 2010

The Colosseum in Watford is to be refurbished.
Gladedale Capital appoints new MD

8 July 2010

Gladedale Capital has appointed Paul Curran as managing director - replacing the previous managing director who departed two years ago.
Heritage at Risk: The recession hit historic buildings

8 July 2010

The UK’s historic buildings are becoming more at risk of neglect and decay as recession-hit property developers and investors grow more reluctant to investing in them, English Heritage said yesterday.
Carlyle completes £671m White Tower purchase

8 July 2010

Carlyle Group has exchanged contracts for to buy six central London properties, which were formerly part of the portfolio securing the White Tower 2006-3 commercial mortgage backed securities (CMBS) vehicle.
Nigel Brown leaves St Martins

8 July 2010

Nigel Brown, managing director of property investment and asset management corporation St Martins, will be leaving the company at the end of July.
Hyde Park hotel sold to private buyer

8 July 2010

The Park Inn in Hyde Park has been sold to a private buyer for around £35m.
Cluttons agrees Asian alliance

8 July 2010

Property services firm Cluttons has made its biggest commitment to global expansion so far with a joint venture with far Eastern based firm VPC Asia Pacific.
Eighty per cent of councils considering co-location

8 July 2010

Almost 80% of councils are considering sharing office property with other public bodies as a way of saving money, a survey reveals today.
Grosvenor in early Liverpool One refinancing talks

8 July 2010

Grosvenor is in early talks with the four banks which helped fund its Liverpool One retail development about a potential refinancing of the large retail scheme.
Kaye takes over as BCO president

8 July 2010

Helical Bar development director Gerald Kaye today takes over as president of the British Council of Offices.
Lend Lease and Southwark agree Elephant & Castle agreement

8 July 2010

Southwark Council and developer Lend Lease agreed the terms of a £1.5bn regeneration agreement - the next step in the regeneration of London’s Elephant & Castle district.
Birmingham council hires Newcastle chief to replace Dutton

7 July 2010

Birmingham City Council has today announced the appointment of Mark Barrow as its new strategic director of development.
Big Yellow reports strong trading update

7 July 2010

Big Yellow, the listed self-storage company, revealed strong trading conditions in its interim management statement today.
AH Medical raises £2m from petrol station owners

7 July 2010

AH Medical Properties has secured £2m through the issue of a secured convertible loan note to two private individuals.
Auction House passes £40m in six-month sales

7 July 2010

Auction House achieved sales of £42.7m from 41 auctions across the country in the first six months of this year.
Savills and Giltspur to provide CMBS database

7 July 2010

Savills has joined up with structured finance firm, Giltspur Capital, to launch a new database for bondholders in European Commercial Mortgage Backed Securities (CMBS).
Allsop raises £51m but success falls to 66% at fourth auction

7 July 2010

Allsop raised £51m from 136 lots at its fourth commercial auction of the year yesterday, a success rate of 66%.
Henderson and Aviva to merge international funds

7 July 2010

Two of the leading institutional property fund managers are merging international funds to increase their size and regional diversification.
RBS to sell £3bn of property loans

7 July 2010

Royal Bank of Scotland is preparing to sell £3bn of property loans, the Financial Times reported today.
HCA reveals 77 Kickstart schemes under review

6 July 2010

The Homes and Communities Agency has been forced to place 77 Kickstart-funded schemes under review, after they failed to secure a tranche of the £390m extra funding announced by the Treasury yesterday.
Pickles officially axes “Soviet-style” regional planning

6 July 2010

Communities secretary Eric Pickles will slam the previous government’s “Soviet-style” housing targets today, as he officially revokes Regional Spatial Strategies.
Cannon Capital raises £5m at second auction

6 July 2010

Cannon Capital raised £5m with a success rate of 55% at its second auction held at Claridge’s Hotel in London’s Mayfair.
Birmingham city centre hotel gets go ahead

6 July 2010

Birmingham City Council has granted planning permission for a new Travelodge and Tesco express development in the city centre.
Capita Symonds takes space in Sheffield

6 July 2010

Capita Symonds has agreed to take 15,000 sq ft in Sheffield city centre office.
Government to halve property costs in “doomsday” scenario

6 July 2010

Government departments have been asked to draw up a “doomsday” scenario of 50% cuts to their administrative budgets, including property costs, by the end of July.
Cuts fall on another £220m of HCA funding, school building scheme scrapped

5 July 2010

The Homes and Communities Agency (HCA) is set to have its budget slashed by an extra £220m, adding to the £230m of immediate cuts announced on 25 May.
Trevor Wood: The Definitive Guide to Retail & Leisure Parks 2010 - Executive Summary

5 July 2010

An executive summary of Trevor Wood Associates’ retail and leisure guide detailing 1,570 retail parks, shopping parks, retail and leisure parks, leisure parks, major leisure schemes and retail warehousing developments.
CB Richard Ellis: Yield and Pricing Patterns in the European Logistics Market

5 July 2010

While downward yield movements and investment turnover growth have been relatively modest in the European logistics market over the past year, longer-term changes in the sector’s investment characteristics have established a different, and lower, yield regime over the past ten years than was observed previously.
Drivers Jonas Deloitte: Manchester Crane Survey 2010

5 July 2010

The start of 2010 brings new optimism as the UK economy exits the deepest recession in decades and returns to positive growth.
Drivers Jonas Deloitte: Self Storage Operator Confidence Survey - May 2010

5 July 2010

The UK economy has returned to positive growth after one of the gravest and deepest recessions since the Second World War. National GDP fell by 4.8%, unemployment increased and many retailers went bust. So how did self-storage operators fare?
Drivers Jonas Deloitte: London Student Housing Crane Survey 2010

5 July 2010

Student numbers studying at London’s universities have continued to grow and the supply of student accommodation in the capital remains tight. A year on from our first survey our latest research highlights that 2,490 bedspaces have completed in the last year across the capital.
Drivers Jonas Deloitte: London Residential Crane Survey 2010

5 July 2010

The London housing market has seen a dramatic turnaround in recent months. The economic downturn hit the housebuilding industry hard, leaving developers faced with falling land values and low sales rates.
Drivers Jonas Deloitte: Central London Crane Survey - Q1 2010

5 July 2010

The number of cranes on the London skyline continues to fall. This latest survey records just 33 office schemes under construction across central London, compared with 49 six months ago and some way below the 106 construction sites in the first half of 2008.
Savills' French warehousing report - Q1 2010

5 July 2010

In the absence of any speculative developments, the Grade A warehouses located on the North/South axis will be occupied at a steady rate. The prime rental values should consequently be maintained.
Savills' Utrecht Office Market Bulletin - Q1 2010

5 July 2010

“The Utrecht property market is typical of the national trend. The occupier demand in Utrecht fell slightly behind that of last year, while the nvestment market has shown a significant increase.”
Savills' The Hague office market bulletin - Q1 2010

5 July 2010

The occupier and investor markets in The Hague are telling different stories. Demand is still falling and vacancy rising, while at the same time he level of investments clearly exceeded last year’s quarterly average.
Savills' Rotterdam office market quarterly bulletin - Q1 2010

5 July 2010

The occupier market in Rotterdam showed a promising first quarter with demand up by 24%. Investment however is falling significantly behind ast year’s figures.
Savills' Yorkshire Industrial Market Bulletin - Summer 2010

5 July 2010

“Footloose occupiers are being tempted to relocate to cost effective accommodation inYorkshire, due to limited supply in other parts of the UK.”
Government agrees to £415m PFI prison deal with Serco

5 July 2010

The Ministry of Justice’s National Offender Management Service has agreed to a new prison at Belmarsh, London, to be built by Skanska and run by by outsourcing giant Serco.
Lloyds sells £480m Bank of Scotland Integrated Finance unit.

5 July 2010

Lloyds Banking Group has completed the sale of a portfolio of 40 private equity investments, including Lambert Smith Hampton, in its Bank of Scotland Integrated Finance business to a new joint venture, Cavendish Square Partners.
Cable car plan revealed for London

5 July 2010

A cable car is being planned for a Thames river crossing between the Greenwich Peninsula and the Royal Docks in London.
Gatehouse Bank buys BT HQ in Leeds

5 July 2010

Gatehouse Bank has bought One Sovereign Street, the HQ of BT’s regional headquarters in Leeds, for £40.1m in one of the biggest deals in Yorkshire this year.
School rebuilds face £1bn cut

5 July 2010

Education secretary Michael Gove is expected to announce today that up to 700 school building redevelopments are to be frozen.
Olympic Delivery Authority boss named as highest quango earner

2 July 2010

David Higgins, chief executive of the Olympic Delivery Authority (ODA), has topped a list of the highest earners in quangos, published by the government today.
PWTV: City planner Rees turns 25 and signals new era for the Square Mile

2 July 2010

The City of London’s legendary planning officer, Peter Rees, will celebrate 25 years in the job next month.
Rockspring buys in Midtown

2 July 2010

Rockspring Property Investment Managers has bought Fox Court in London’s midtown or around £52m reflecting a yield of 7.5%.
Tate Britain plans get go ahead

2 July 2010

Westminster City Council has approved plans for a significant refurbishment of one of the world’s most famous art galleries The Tate Britain.
Where's Rooney?

2 July 2010

Red-faced Wayne Rooney has fled the scorn of the nation’s disappointed football fans and is hiding in the Property Network, and Property Week is offering the chance to win a magnum of champagne for those who can find him.
Invista buys Sheffield office building

2 July 2010

Invista Property Foundation Trust has bought the Portergate, an office building in Sheffield, for £10.2m.
Con-Dems plunge planning into 'strange twilight world'

02 July 2010

Councils, developers and housebuilders in limbo after government announces scrapping of regional plans
Moorfield and Hines exchange on £200m Brindleyplace deal

1 July 2010

Hines and Moorfield have tonight confirmed their purchase of eight buildings at Brindleyplace in Birmingham.
Campbell resigns from Maxim

1 July 2010

Karen Campbell, chief executive of TAL CPT Land Development, the developers behind the £330m Maxim Office Park near Glasgow has resigned.
LTGDC confirms £6m strategic land purchase

1 July 2010

The London Thames Gateway Development Corporation has bought seven land plots in Hackney Wick and Fish Island, east London, from PricewaterhouseCoopers, which is administrator to Paul Kemsley’s Rock Investments.
Green light for hotel at Clapham Junction

1 July 2010

Planning consent has been granted for a 70-bedroom hotel opposite Clapham Junction train station.
Government blocks Minerva's 1m sq ft Ram plans

1 July 2010

The government today refused planning consent for Minerva’s 1m sq ft development plans at the Ram Brewery site in Wandsworth.
Morrisons buys Croydon site

1 July 2010

Morrisons, the UK’s fourth largest supermarket chain, has bought an 11.3-acre site in Croydon for a new store.
Starwood and L&R buy London's Cumberland in Europe's largest hotel deal this year

1 July 2010

Starwood Capital and London & Regional have bought the Cumberland Hotel at London’s Marble Arch.
Workspace completes £200m refinancing

1 July 2010

Workspace Group has completed the £200m refinancing of a loan facility with GE Capital and Bayern LB.
London & Associated restructures RBS credit facility

1 July 2010

London and Associated Properties has restructured its credit facility with Royal Bank of Scotland, it was announced today.
Budget hotels are booming as Boris opens 400th Travelodge

1 July 2010

The budget hotel sector has been booming through out the recession as was evidenced yesterday with the opening of the 400th Travelodge hotel near Waterloo train station in London.
Former FA boss to oversee McCready’s Property Unit

30 June 2010

Ian Watmore, the former Chief Executive of the Football Association, has been appointed to oversee the government’s central property function.
Law firm Halliwells cites "property obligations" as factor as it faces administration

30 June 2010

Law firm Halliwells has filed a notice to appoint an administrator and suggested that high operating costs are a factor in its difficulties.
Council asset sales set to rise 17% this year

30 June 2010

Public sector earnings from the sale of assets such as council buildings are set to increase by 17% this year to £1.4bn, official figures show.
Tesco loses appeal over Liverpool regeneration scheme

30 June 2010

A legal challenge by Tesco, which was blocking a major regeneration scheme in Liverpool, has been rejected by the High Court.
Barclays Corporate backs Liverpool’s Iliad Group

30 June 2010

Barclays Corporate has provided senior debt finance to Liverpool-based developer the Iliad Group to develop a £38m student property development near Aston University in Birmingham.
Former Phoenix Beard head Roger Poynton dies

29 June 2010

Roger Poynton, former managing director of Birmingham’s Phoenix Beard Property Consultants, has died at the age of 62.
Hammerson buys Brookfield Europe’s stake in Cricklewood project

29 June 2010

Hammerson has bought Brookfield Europe’s stake in the £4.5bn Brent Cross Cricklewood regeneration scheme in West London.
Tesco to carry out £950m property securitisation

29 June 2010

Tesco is planning a £950m property securitisation in the latest phase of its programme to release value from its UK property portfolio.
Government tells councils to set up local enterprise partnerships

29 June 2010

RDA replacements will have responsibility for planning, housing, transport and infrastructure. Local authorities have until 6 September to draw up plans for partnering with businesses.
Park Plaza completes on 360 room sales at Westminster Bridge apart-hotel

29 June 2010

Hotel owner and operator Park Plaza has completed 360 sales of rooms at its recently opened Park Plaza Westminster Bridge in London.
British Property Federation: Summary of Government Policies Relevant to Property Industry

29 June 2010

The Government believes that it is time for a fundamental shift of power from Westminster to people, promoting decentralisation and democratic engagement, and ending the era of top-down government by giving new powers to local councils, communities, neighbourhoods and individuals.
Replace quangos with green bank, says Wigley commission

29 June 2010

Quangos including the Carbon Trust and the Energy Technologies Institute should be scrapped to fund a new green investment bank, according to government adviser Bob Wigley, chair of the Green Investment Bank Commission and Yell.com.
Terrace Hill begins marketing residential property fund

29 June 2010

Terrace Hill and Aegon have begun marketing for a residential investment fund that will be seeded with some of Terrace Hill’s assets.
PWTV: Savills chief executive on biking for charity

29 June 2010

Hundreds of bicyclists will set off from Savills’ Finsbury Circus offices next September for an arduous 65-mile bike ride from London to Cambridge for disadvantaged children’s charity The Honeypot.
Hollister: Live from Norwich

29 June 2010

Abercrombie & Fitch fashion brand Hollister has signed up at Capital Shopping Centre’s Chapelfield shopping centre in Norwich.
NHS Trust takes 8,627 sq ft in Blackburn

29 June 2010

Calderstones Partnership NHS Foundation Trust has taken the second floor at Viscount House at Blackburn Interchange.
REI on the move as Crabtree takes the chair

29 June 2010

Real Estate Investors has announced two senior management appointments and a head office move.
Fund takes space at Glasgow's Capella

28 June 2010

Strathclyde Pension Fund is set to open a new office in Glasgow’s Capella building at Atlantic Quay.
Moorfield and Hines team up for £200m Brindleyplace bonanza

28 June 2010

Moorfield and Hines have teamed up to buy eight buildings at Birmingham’s Brindleyplace office scheme for just below £200m.
Boris HCA plans breach mayoral role, councils warned

28 June 2010

London Mayor Boris Johnson would breach his strategic role by taking over the delivery powers of the Homes and Communities Agency’s London arm, councils have been warned.
LaSalle launches £500m UK fund

28 June 2010

LaSalle Investment Management has launched the LaSalle Balanced UK Property Fund for institutional investors.
Blackrock buys £58m Covent Garden building

28 June 2010

Blackrock UK Property Fund has bought the freehold of 25 Bedford Street in London’s Covent Garden for £58.8m.
London and Paris "safest markets" says Rufrano

28 June 2010

London and Paris are two of the safest markets to invest in today, according to Cushman & Wakefield’s new global CEO.
London Square hires former Barratt finance chief

28 June 2010

London Square, the newly formed housebuilder backed by private equity firm Graphite Capital, has strengthened its management team with the appointment of City grandee and former Barratt Developments finance chief Mark Pain as chairman.
Defence Estates agrees on new property contracts structure

28 June 2010

Defence Estates, the Ministry of Defence’s property arm, has approved a new structure for its property management contracts, which are due to begin between 2011 and 2014.
Live Debate TODAY: Greening Commercial Property - Landlord vs Tenant?

28 June 2010

Today at 1pm Property Week, the Carbon Trust and Building are hosting a live online debate
The year ahead for property in politics - breakfast interview with BPF president John Richards

26 June 2010

Find out about what’s in store politically for the industry in the year ahead and hear about what it was like running one of Europe’s biggest Reits as former Hammerson CEO and new BPF president John Richards is interviewed live by Giles Barrie.
OGC chief Smith to quit

25 June 2010

Nigel Smith, chief executive of the Office of Government Commerce will leave his post in September, it was announced today.
Chelsea Barracks saga set to continue

25 June 2010

Christian Candy has won a High Court claim against Qatari Diar on the Chelsea Barracks project but failed in a bid for early payment of his £81m project fee.
Football Fever! Check out PW's World Cup Interactive

25 June 2010

England have scraped through to the final 16, the Azzurri are out, and the Brazilians are looking rampant - the World Cup 2010 has been more dramatic then we could have expected.
ING REIM Netherlands sells 13 offices

25 June 2010

ING Real Estate Investment Management (ING REIM) has sold a portfolio of 13 office properties to a consortium of international investors.
Hear John Lewis managing director discuss the retailer's property strategy

25 June 2010

Hear from Andy Street, managing director of the John Lewis, on when and where the department store shain will open in new locations at Property Week’s Retail Now virtual event next week.
Rockspring teams up with former Mall fund director to buy four shopping centres.

25 June 2010

Rockspring Property Investment Managers has exchanged contracts to buy four shopping centres from the Mall fund.
Lea & Sandeman to expand

25 June 2010

MMX Retail has been appointed by upmarket independent London wine merchant, Lea & Sandeman, to advise on its expansion strategy.
Land Securities HQ back on market

25 June 2010

Land Securities’ headquarters at 5 Strand, close to Trafalgar Square in London, is up for sale for £53m.
AEW takes shine to Polish sheds

25 June 2010

AEW Europe has bought five sheds in Poland from Panattoni Europe and Standard Life Investments for €91m for its European Property Investors Special Opportunities fund.
Alix brings American turnaround elixir to UK

25 June 2010

US outfit provides property companies with “smart” insolvency service
Boultbee offloads Swedish malls

25 June 2010

Boultbee has sold three shopping centres in Sweden for SEK1.44bn (£125m) to Diligentia
Brum’s Irish Quarter in dire straits

25 June 2010

A £150m redevelopment of Birmingham’s “Irish Quarter” is in jeopardy after its developer was placed into administration last week.
Carey snaps up Eroski sheds

25 June 2010

WP Carey has bought two warehouses in Elorrio and Mallorca, Spain, for €46m from food retailer Eroski Sociedad Cooperativa of Spain.
Creditors must declare all assets

25 June 2010

Creditors facing bankruptcy who try to hide their assets will face severe penalties, the Insolvency Service warned last week.
Fattal attraction

25 June 2010

To Les Ambassadeurs club off Park Lane for an enjoyable lunch with Baron Bloom and his new partner, Oliver Fattal
Grin and bra it

25 June 2010

Malcolm Brackley, head of professional at Midtown agency Farebrother, hosted a fundraising ball last weekend and ended up providing the commentary for a lingerie fashion show.
Hammerson offloads Paris mall stake

25 June 2010

Hammerson has sold a 75% stake in the Espace Saint Quentin shopping centre, near Paris, to Allianz Real Estate.
Investors get set at €380m Zaragoza mall

25 June 2010

Tommy Gallagher among consortium selling half-share in British Land scheme
Pramerica installs mezzanine

25 June 2010

Finance vehicle created by Andrew Radkiewicz and Andrew Macland with £150m institutional investment
Prawn to entertain

25 June 2010

Mamma mia! Welbeck Land hosted a “pasta-making masterclass” for clients last week at the Caldesi restaurant and cookery school in Marylebone
Put through the Mills

25 June 2010

I have to hand it to Highcross director and charity auctioneer, Chris Mills
Redevco buys Madrid Zara block

25 June 2010

Redevco has bought a 24,750 sq ft retail block let to Zara in Madrid’s Salamanca district at Calle Goya 47 for €27m from an unnamed vendor.
Refurb mansion on market

25 June 2010

Chester Row has put a £6.5m Oxshott mansion in Surrey up for sale
Regional chaos must not hinder radical Budget

25 June 2010

What does the emergency Budget mean for property?
Retail parks remain in favour

25 June 2010

More than £200m of retail parks changed hands or were placed under offer this week, proving the sector is still popular.
Riyadh real estate is Arabian light

25 June 2010

The Saudi Arabian economy is performing relatively well and its capital Riyadh’s real estate market is showing more stability than other GCC (Gulf Co-operation Council) cities.
Rockspring's £670m fund for recovery lifts off

25 June 2010

UK Value Fund has invested £81.9m in four properties and has another £170m under offer
Triton sinks under water

25 June 2010

Receivers called in on City of London office block,Triton Court, owned by Glenn Maud’s Propinvest and Jack Petchey’s Incorporated
Wheels fall off Glasto trip

25 June 2010

Ping! A wonderful email arrived last Friday from Jo hn Linton, a director of Mayfair-based agency Wright & Partners.
Two sturdy lettings perk up Thames Valley office parks

24 June 2010

Two significant Thames Valley transactions have signalled a return to activity in the region after take-up reached an all-time low earlier this year.
Area buys into Ronson's Heron resi tower

24 June 2010

Area Property Partners has bought a 40% stake in Gerald Ronson’s The Heron luxury residential tower.The New-York based investment firm has bought the stake in the 36-storey City of London tower which Ronson’s Heron International is about to start building.
Ministry of Justice plans to close 157 courts

24 June 2010

The government has announced plans to close up to 103 magistrates courts and 54 county courts across England and Wales.
Fabric nightclub bought out of administration

24 June 2010

Fabric nightclub has been bought out of administration by private investor Gary Kilbey.
Sainsbury's gets consent for £40m Kings Lynn development

24 June 2010

Sainsbury’s and developers Morston Assets have been given permission for a £40m retail-led scheme in Kings Lynn.
HCA Oxfordshire hospital site gets resi green light

24 June 2010

Plans to redevelop a derelict Oxfordshire hospital on Homes and Communities Agency land as part of a residential scheme has been given the go ahead.
Fosse Park up for sale

24 June 2010

The Irish investors behind retail park Fosse Park have hired Franc Warwick to sell the £360m park.
Segro to delist from Euronext Paris

24 June 2010

Segro is to delist from the NYSE Euronext Paris – partly due to low transactional volumes in the French capital.
DSG International makes £112.7m pre-tax profit

24 June 2010

DSG International made profits of £112.7m over the last financial year swinging the electrical retailer back from a £123.6m loss the year before.
Best Buy to open in Nottingham and Derby

23 June 2010

Best Buy, the US electrical retailer, has announced plans for two new stores at Kingsway Retail Park in Derby and Castle Marina Retail Park in Nottingham.
Defence Estates picks Morgan Sindall for £16m scheme

23 June 2010

The Ministry of Defence’s property arm Defence Estates has picked Morgan Sindall to build a new £16m home for the King’s Troop Royal Horse Artillery in Woolwich.
One North East to buy Vaux Brewery site from Tesco

23 June 2010

One North East has reached an agreement in principle with Tesco to buy the Vaux Brewery site in Sunderland on behalf of public sector partners including Sunderland City Council.
Planning body supports Welsh reforms

22 June 2010

The Royal Town Planning Institute (RTPI) Cymru has voiced support to reform Welsh planning reforms, as outlined by an independent report commissioned by the Welsh Assembly Government.
Emergency Budget: Planning to be simplified in growth areas

22 June 2010

The government plans to ease the planning system in growth areas through promoting the use of Local Development Orders by local authorities.
Victoria's Secret to make UK debut

22 June 2010

Victoria’s Secret, the US lingerie chain, is to make its UK debut in a store in Bond Street.
Emergency Budget: Growth fund to guarantee Brum’s New Street

22 June 2010

Chancellor George Osborne has announced a two-year Regional Growth Fund designed to stimulate investment in regional infrastructure projects as the economy recovers.
Emergency Budget: No more reductions in infrastructure spending, says Osborne

22 June 2010

Chancellor George Osborne has said today that there will be no further reductions in capital spending oninfrastructure, following cuts announced last month.
Canadians invest in Peel’s airports

22 June 2010

John Whittaker’s Peel Group has sold a 65% stake in its airport business to Vancouver Airport Services.
Lambeth approves £114m Brixton PFI housing scheme

22 June 2010

Lambeth Borough Council has approved a £114m private finance initiative-funded regeneration scheme in Brixton.
West End chiefs make plea for Crossrail

22 June 2010

Cutting or scrapping Crossrail would be “short sighted”, West End business leaders, including Marks & Spencer chairman Sir Stuart Rose and chief executive of Great Portland Estates Toby Courtauld, have warned the government ahead of today’s emergency budget.
Hammerson sells Docklands tower for £134m

22 June 2010

Hammerson has sold Exchange Tower in London’s Docklands for £134m to MGPA’s Europe Fund III.
Segro completes Airport Property Partnership deal

22 June 2010

Segro’s acquisition of BAA’s 50% interest in the Airport Property Partnership, a joint venture with Aviva Investors, will be completed today.
Great Portland Estates buys 35 Portman Square

22 June 2010

Great Portland Estates has bought an office in London’s West End at a net initial yield of 7.7%.
Hammerson buys remaining stake in Battery retail park

21 June 2010

Hammerson, which owns 25% of Battery Retail Park in Birmingham, has bought the remaining 75% from its partner TIAA-CREFfor £49.5m.
AEW Europe buys Polish warehouses for €91m

21 June 2010

AEW Europe has bought five warehouses in Poland from Panattoni Europe and Standard Life Investments for approximately €91m through its European Property Investors Special Opportunities fund.
Somerset council agrees plan to vacate 40% of office space

21 June 2010

Somerset County Council has today approved plans to vacate 40% of its office space as part of its property rationalisation programme.
SEB completes Condor House purchase

21 June 2010

SEB Asset Management has completed its purchase of Evans Randall’s Condor House in the City of London for its open-ended real estate fund SEB ImmoPortfolio Target Return Fund.
Ministry of Justice appoints Knight Frank for two sales

18 June 2010

Knight Frank has been appointed by the Ministry of Justice to sell two office properties in London’s Victoria.
MORNING AFTER: Paddington Waterside Charity Dinner and Auction

18 June 2010

Four hundred guests turned up for the twelfth annual Paddington Waterside chairty dinner and auction held at Aviva Investors’, Development Securities’ and Avestus Capital Partners’ Two Kingdom Street earlier this month.
Standard Life Investments property head takes early retirement

18 June 2010

Alex Watt, managing director of property investments at Standard Life, is to take early retirement, it was announced today.
E3 appointed to Hampshire's Rose Bowl

18 June 2010

E3 Consulting has been appointed to advise on the redevelopment of Hampshire County Cricket Club’s Rose Bowl stadium.
Mortgage lending up 7% in May

18 June 2010

Gross mortgage lending totalled an estimated £11.3 billion in May according to the Council of Mortgage Lending.
PWTV: Property's stars shine at Party near the Park

18 June 2010

Some of the biggest names in the business took to the stage at this year’s Party near the Park to belt out classic “One Hit Wonders” for an audience of around 1,000.
Asian investors lead demand for London resi

18 June 2010

Asian investors are leading international demand for residential investment property in central London and have spent a total of £761m over the past year, as they look for safe havens in the face of turbulent domestic markets.
Bob Martin leaves NFU Mutual

18 June 2010

Bob Martin is leaving as group head of property at NFU Mutual after almost 30 years to set up his own company, Martin Commercial Properties.
Prince Charles sets up shop in Bath

18 June 2010

Lloyds Bank has granted an underlease on its grade one listed bank at 38 Milson Street in Bath to the Prince of Wales for his first high street shop to be known as the Highgrove Shop, run by Highgrove Enterprises.
Shortlist for Middlesex Hospital site drawn up

18 June 2010

One of China’s largest property companies, Soho China, is on the shortlist to buy the former Middlesex Hospital site in London’s Noho for around £130m.
Final day to submit your Offices Awards 2010 entries

18 June 2010

Want to celebrate your office sector success? Then you’d better hurry up as entries for Property Week’s Offices Awards 2010 must be in by 5pm today.
Barclay in Belgravia

18 June 2010

Publishing entrepreneur linked to purchase of former mansion near Buckingham Palace in a sign of continuing strong market
Busfield retires to focus on third party work

18 June 2010

Marie Busfield has resigned as director of Mason & Partners to concentrate on her work as an arbitrator and independent expert.
DEFRA estates head leaves after investigation

18 June 2010

The property chief of a government department has had his employment terminated following an internal investigation
Ipswich Police join forces with council

18 June 2010

Total Place concept reflected by Wrenbridge deal
Musgrave means to leave Hines

18 June 2010

UK managing director steps down to spend time with the family
New railway station for Leeds region

18 June 2010

Plans for a new railway station at a former industrial site near Leeds are now full steam ahead after Leeds City Council approved the scheme.
Oracle four go into liquidation

18 June 2010

MCR appointed to David Burke’s residential developer companies
Former property lawyer and developer charged with €22m fraud conspiracy

17 June 2010

A former property developer and a former property lawyer were today charged with conspiracy to defraud a bank out of €22m.
Bristol weighs up plan to sell land worth £70m

17 June 2010

Bristol City Council is weighing up plans to sell up to £70m of council-owned land for development.
Miller Homes to develop at The Rock

17 June 2010

Miller Homes has been appointed to develop the first two residential blocks at Hammerson’s The Rock scheme in Bury.
Government backs £4.5bn Brent Cross Cricklewood regeneration

17 June 2010

The Government will not call in £4.5bn Brent Cross Cricklewood regeneration scheme, it was announced today.
Metric makes £28.4m debut purchase

17 June 2010

Metric Property Investments has bought its first property following its £190m flotation on the London Stock Exchange in March.
Countrywide buys Hamptons International

17 June 2010

Countrywide, the UK’s largest residential estate agency and property services group, today acquired upmarket agent Hamptons International from Dubai-based Emaar Properties.
Pyle joins McCready's six-strong Property Unit team

17 June 2010

Former Land Securities director Robyn Pyle has joined John McCready’s team at the government’s Property Unit, which now has a six-strong team.
Newcastle & Gateshead development company launches 20-year plan

17 June 2010

Newcastle and Gateshead’s city development company, 1NG launched its 1PLAN – a 20-year economic and spatial masterplan for the two cities today.
Allianz to buy €176m stake in Hammerson Paris shopping centre

17 June 2010

Allianz Real Estate has exchanged contracts to buy a 75% stake in Hammerson’s Espace Saint Quentin shopping centre in Paris in a deal worth €176m.
Land Securities sells £250m Park House scheme

17 June 2010

Land Securities has agreed to forward sell its Park House development on London’s Oxford Street to a Qatari property company for £250m.
Crossrail won’t be scaled back, says Hammond

16 June 2010

Transport secretary Phillip Hammond has said the government is committed to providing the full £16bn of required funding for London’s Crossrail scheme.
Uncertain future for West Northants development body

16 June 2010

The government is considering axing the West Northamptonshire Development Corporation (WNDC) and transferring its powers to the local authority.
Designs unveiled for £13bn MoD scheme

16 June 2010

New images of how a £13bn Defence Training College at St Athan in Wales will look have been revealed today.
Private sector trio appointed key property advisers to coalition

15 June 2010

Sir Peter Gershon (pictured), Dr Martin Read and Tesco executive director Lucy Neville-Rolfe are to advise government on how to make property savings.
Liverpool ONE smiles with office letting

15 June 2010

Liverpool Orthodontic Centre has signed up at Grosvenor’s Russell Building in its Liverpool One scheme.
Boris reveals plans for London power grab

15 June 2010

London mayor Boris Johnson has unveiled plans to reform development powers in London and take direct responsibility for the legacy of the 2012 London Olympics.
MAG attracts JETS to Bournemouth airport

15 June 2010

MAG Developments has agreed a five-year lease with Jet Engineering Technical Support (JETS) on a fly-in, fly-out facility at Bournemouth airport.
Howard Property Investments buys RBS building

15 June 2010

Howard Property Investments has bought the RBS building on Silbury Boulevard in Milton Keynes for £3.2m from Blackrock Land.
Double letting at Camomile Court in the City

15 June 2010

MBK Real Estate Europe has let 29,150 sq ft of office space in Camomile Court, in the City of London.
Mainstay and Market Focus Asset Management join forces in London

15 June 2010

Mainstay Group has bought north west London-based property management firm Market Focus Asset Management for an undisclosed sum.
Danescroft regears McGregor-Boyall leases

15 June 2010

Danescroft Commercial Developments has completed its second regear of leases held by McGregor-Boyall at its 110 Middlesex Street scheme in London.
House prices edge up but HIPS abolition increases supply says RICS

15 June 2010

House prices edged up in May, but the government’s decision to abolish HIPS has given supply a boost, according to the RICS.
Tyco takes 12,938 sq ft in Slough

14 June 2010

Highland Slough has let the 12,938 sq ft Phoenix 2 building at Farnham Road in Slough to Tyco Fire & Integrated Solutions.
IPD: property values rose just 0.5% in May

14 June 2010

The UK commercial property market recovery slowed down last month.
Bank holiday shoppers boost West End retail sales

14 June 2010

Retail sales in London’s West End saw 5.8% year on year growth in May as a result of good bank holiday trading, New West End Company said today.
Mark Burton joins Internos investment committee

14 June 2010

Mark Burton, the veteran property banker and fund manager, has joined the investment committee of Internos Real Investors.
Candy claims Qatari Diar deliberately deleted damaging emails

14 June 2010

Qatari Diar attempted to delete internal emails which damage it’s case against Christian Candy in the Chelsea Barracks trial, it was claimed in the High Court heard today.
Pickles to call time on RDAs this week

14 June 2010

The government is to announce the end of regional development agencies this week, with a view to saving the government £2.3bn a year.
TfL quits Shard as developers reach for the sky

14 June 2010

Transport for London will no longer become the first office tenant at the Shard at London Bridge as the developers look to position the building at the “top end” of the London market.
Invista sells three at Cambridge Science Park

11 June 2010

Invista Real Estate has sold three buildings at Cambridge Science Park on behalf of a client, to Legal & General Property.
MOD should increase site sales plans, says think tank

11 June 2010

The Ministry of Defence (MOD) is hiding the true scale of surplus property it owns, and could “undoubtedly” sell more, a think tank has said today.
Cap & Reg announces £1.1bn debt restructure proposals

11 June 2010

Capital & Regional has announced proposals for the restructuring of the £1.1bn of securitised debt on the Mall shopping centre fund.
DTZ hires public sector guru from GVA Grimley

11 June 2010

DTZ has poached GVA Grimley occupier consultancy director John Keyes.
Hammersmith regeneration plans go public

11 June 2010

Final proposals for the regeneration of King Street in Hammersmith town centre will go before the public this weekend.
Hermes £58m London office

11 June 2010

Hermes Real Estate has bought Wimbledon Bridge House for £58m from Tristan Capital Partners and AEW Europe.
Heron’s homecoming

11 June 2010

“We will start building ourselves and resurrect Heron Homes”, says Gerald Ronson
PropertyWeek.com scoops prestigious award

11 June 2010

PropertyWeek.com last night crowned an exciting year online with a gong at the prestigious Association of Online Publishers awards.
Online retailing will not effect our property strategy, says Tesco head

10 June 2010

The rise of online retailing will not change Tesco’s property strategy, Richard Brasher, the man who will head the retailer’s UK and Ireland bsuiness from next year, said today.
Gresham House gets Merseyside consent

10 June 2010

It has been given planning consent for 441 houses and 35,000 sq ft of commercial space on the 28 acre site.Discussions are ongoing with several national housebuilders over the site.
“Old fashioned” Crown structure may change, says Treasury

10 June 2010

The government has said the financial arrangements of the Crown Estate could be “modernised” via primary legislation.
Europe debt crisis could "derail" global economic recovery

10 June 2010

Europe’s debt crisis could “derail” the global economic recovery and put some nations at risk of a double dip, the World Bank said today.
Legal & General buys in Islington

10 June 2010

Legal & General has bought an Islington property for £16.5m - a net initial yield of 5.43%.
Speymill Deutsche in advanced talks to internalise management

10 June 2010

Cash-strapped German residential property company Speymill Deutsche Immobilien has taken a step forward in its attempt to reduce its cost base.
Klépierre sells three retail assets for €72.8m

10 June 2010

French property company Klépierre has sold three retail assets as it seeks to dispose of €400m of property this year.
BMB makes Contrarian acquisition

10 June 2010

BMB Group, an investment firm founded by Asian entrepreneur Rayo Withanage and Brunei’s Prince Abdul Ali ’Yil-Kabier, has acquired Paris and Luxembourg- based Contrarian Capital Partners and its advisory subsidiary, Beacon Hospitality Partners, which are real estate advisers to Middle Eastern and Asian sovereign investors.
Green light for Doncaster Council’s 157,500 sq ft HQ

9 June 2010

Plans have been approved for a 157,500 sq ft office building that is a key part of the proposed £300m Civic and Cultural Quarter in Doncaster.
Economic development body Hull Forward to close

9 June 2010

Hull Forward, the economic development company charged with regenerating Hull, has announced it will close due to spending cuts.
Alfa Laval regeneration gets go-ahead

9 June 2010

Carlton Properties has been granted planning permission by the London Borough of Hounslow for a £100m regeneration scheme on the 4.6 acre Alfa Laval site in Brentford.
CBRE man takes Wandsworth planning role

9 June 2010

CB Richard Ellis planner Nick Cuff is leaving the firm to become chairman of the planning committee at the London Borough of Wandsworth.
Croydon agrees funding for 250,000 sq ft services hub

9 June 2010

Croydon Council has agreed the funding for a 250,000 sq ft public service delivery hub, which is the first phase of its regeneration joint venture with John Laing.
Osborne: departments must look to privatise property

8 June 2010

Chancellor George Osborne has today called on government departments to examine their assets, including property, and consider contracting them out or privatising them.
Colliers auction team bows out

8 June 2010

Colliers International is to close its auction department.
BPF Annual Conference: Property contracts need "21st Century" overhaul

8 June 2010

UK property needs to overhaul property contracts so they are fit for the 21st century, a British Property Federation conference has heard.
Welsh Base For Turley Associates

8 June 2010

Turley Associates, planning and urban design consultancy, has opened a new office in Cardiff to support and build on its existing work in Wales.
Hong Kong residential site fetches £970m

8 June 2010

Sun Hung Kai Properties, the world’s biggest developer by market value, paid HK$10.9bn (£970m) for a residential site at a public auction in Hong Kong, the highest price in Hong Kong since its property market peak in 1997.
USS buys NatMags House

8 June 2010

Universities Superannuation Scheme has exchanged contracts to buy National Magazine House in London’s West End for £42m.
LDA launches search for Gallions Quarter developers

7 June 2010

The London Development Agency (LDA) has begun a search for development partners for a site in the Albert Basin in east London’s Royal Docks.
Estates managers back scrapping of RDAs

7 June 2010

Only 5% of estates managers think regional development agencies should be kept in their current form, according to a survey published by the College of Estates Managers.
Auditor slates running of £12bn Welsh estate

6 June 2010

Welsh public sector land and buildings are in poor condition, breach health and safety requirements, and fail on value for money, Wales’s public service watchdog has said.
Birmingham looks to take Advantage West Midlands powers

2 June 2010

Birmingham City Council is exploring the option of creating a Local Enterprise Partnership (LEP) to take over funding powers held by Advantage West Midlands.
Bellway buys Brentwood hospital sites

2 June 2010

Bellway Homes has bought the 17-acre site of two former hospitals in Brentwood from an NHS trust.
MORNING AFTER: British Council of Offices Annual Conference - London 2010

31 May 2010

The British Council of Offices held its annual conference last week at the QEII conference centre in London.
“Big cuts” due for southern RDAs, says Cable

28 May 2010

Regional development agencies (RDAs) in the south of England are to suffer the biggest cuts from central government, business secretary Vince Cable said today.
Cluttons wins NATS rating agency deal

28 May 2010

Cluttons has been appointed rating agent for NATS, the air traffic service provider.Cluttons won a competitive pitch to provide advice relating to NNDR (National Non domestic Rates – Business Rates) issues across NATS’ 120 communications towers as well as a number of offices, warehouses and training facilities across the UK.
Boris launches Siemens scheme in east London

27 May 2010

Phone company Siemens is to invest £30m in a conference and exhibition centre to be at the heart of a new “green district” of East London.
Birmingham £1.5m Golden Square plans submitted

27 May 2010

Plans for a new £1.5m public square in Birmingham’s Jewellery Quarter have been submitted to Birmingham City Council.
BCO conference: Civil servants could move to outer London

27 May 2010

Central government should consider relocating civil servants to outer London boroughs as part of its cost cutting drive.
BCO conference: Boris could take HCA's role in London

27 May 2010

The coalition government's "localist" agenda could see London mayor Boris Johnson take on a host of new housing powers.
Taco Bell to debut in UK at Lakeside

26 May 2010

Taco Bell, the Mexican-inspired restaurant chain, has today announced plans to bring its fast food restaurants to the UK.
Centros and Lancaster City Council to work in partnership for city scheme

26 May 2010

Lancaster City Council, landowner Mitchell's, English Heritage and developer Centros have agreed to work together for the proposed Canal Corridor North development in Lancaster.
Coalition to scrap Infrastructure Planning Commission

25 May 2010

Infrastructure Planning Commission head Sir Michael Pitt has confirmed the government is planning to scrap the IPC and overhaul planning powers in the Department for Communities and Local Government.
BURA launches bid to protect regeneration jobs

20 May 2010

The British Urban Regeneration Association is to launch BURA Connect, an initiative designed to prevent job losses in the regeneration sector.
CBI pledges support for property cuts by coalition

19 May 2010

The Confederation of British Industry has said the government should make big cuts to its property cuts over the next five years to help reduce the impact of tax rises.
Coalition confirms major planning system reform

18 May 2010

The new Conservative-Liberal Democrat coalition government has today confirmed for the first time that it will push ahead with big changes to the planning system.
Citybranch waits for Altrincham hospital appointment

14 May 2010

Adam Gross, director of Manchester-based developer Citybranch, is on a roll.Next week he will find out whether he has been selected by the Trafford Healthcare NHS Trust to build a 35,000 sq ft hospital at Railway Street in Altrincham. He is also in discussions with Manchester City Council about the proposed regeneration of 100,000 sq ft of retail and offices at Chorlton shopping centre just outside the city.
Conservatives expected to water down planning reform

12 May 2010

The Conservative Party is expected to water down plans for a far-reaching overhaul of the planning system after entering a coalition with the Liberal Democrats.
Cameron gets green light for £6bn savings

12 May 2010

The Conservative party’s plan to cut “deep and fast” on public spending in the next financial year has been given the green light by the new Tory-Liberal Democrat coalition government.
Cheshire West and Chester plans £200m property sales

11 May 2010

Cheshire West and Chester council wants to sell £200m of property in the next decade, including council offices and business and retail parks.
A public-private rented sector?

6 May 2010

Following the news that some of property’s best-known names are actively investing in the private rented sector, comes a further interesting development.As reported on Wednesday by www.publicpropertyuk.com, Property Week’s public sector property website, Birmingham City Council is next month expected to approve the establishing of a private rented housing vehicle.BCC wants to set up a joint venture with private sector partners and ...
Birmingham to set up private rented housing vehicle

5 May 2010

Birmingham City Council is next month expected to approve the setting up of a joint venture to encourage a private rented housing sector in the city.
Cameron plan to boost Boris property powers

4 May 2010

The Conservatives would give London mayor Boris Johnson more control over property and development in the capital if David Cameron’s party wins the general election on Thursday.
Birmingham council approves shared services hub

26 April 2010

Birmingham City Council's cabinet committee has approved plans to build a hub that would combine council and healthcare customer advice at Sparkbrook in the south of Birmingham.
Basingstoke reveals new plans for The Malls

16 April 2010

Basingstoke and Deane Borough Council has revealed new designs for The Malls shopping centre that will be refurbished this summer.
“Wastefield” Bradford to become green oasis

9 April 2010

Work to develop a temporary park on the stalled site of a £320m shopping centre development in Bradford owned by Westfield is due to begin on Monday.
BAM picked for Leeds council’s £55m arena

8 April 2010

Leeds City Council has today chosen BAM Construction as preferred partner for its planned £55m stadium, Leeds Arena.
Basingstoke & Deane council buys The Malls shopping centre

1 April 2010

Basingstoke and Deane Borough Council have bought the town’s shopping centre, The Malls, through acquiring co-owner Key Property Investments’ 65% share in the property.
Taking China’s temperature

Global April 2010

China’s economy, and its housing market, are not in any imminent danger of overheating, say Charlie Huang and Michael Keogh of Henderson Global Investors
Blackpool given £39m to buy two landmarks

30 March 2010

Blackpool Council is to buy Blackpool Tower and the Winter Gardens complex following the awarding of a £39m government grant.
Blackpool pays £1.4m for ex-department store

30 March 2010

Blackpool Council has bought a former Harveys department store in the town centre for £1.4m.
Auditor questions RDA spend

30 March 2010

Regional development agencies have spent £5bn on regeneration schemes but could have invested their money better, an auditor has reported.
£70bn public property play

26 March 2010

Government “tsar” McCready fleshes out his plans
Budget 2010: £35bn public property sell-off

25 March 2010

UK councils and other public agencies will look to dispose of property worth £35bn in the next decade, a government report says today.
Budget 2010: Government to launch TIF pilots

24 March 2010

The government is to set up Accelerated Development Zone pilot schemes, allowing it to test the Tax Increment Financing (TIF) mechanism for development funding in England and Wales.
Budget 2010: Report to help create “Whitehall of North”

24 March 2010

Plans to create a Manchester campus of civil servants comparable to Whitehall gained support from an independent review today.
Budget 2010: Government to create Strategic Property Vehicles

24 March 2010

The government is to set up companies to run public sector property by April 2011 as it bids to save £1.5bn in property running costs and make £2bn from central government property sales by 2013/14.
Budget 2010: 15,000 more Whitehall jobs to move

24 March 2010

The government should relocate 15,000 jobs out of London in the next five years, Ian Smith has recommended in his report on government relocation today.
"Expressions of interest” sought for Olympic Park stadium

23 March 2010

The Olympic Park Legacy Company (OPLC) has called for expressions of interest from parties interested in using the Olympic Stadium after the London 2012 Olympic Games.
Civil service estate shrinks by 7m sq ft

18 March 2010

The total civil service estate was reduced by 7 million sq ft in 2009, the Office of Government Commerce has revealed.
10,000 planning applications to be scrapped

16 March 2010

Planning applications for certain minor developments will be scrapped under reforms introduced by Planning Minister John Healey today.
Blackpool’s Talbot Gateway gets the go-ahead

16 March 2010

Blackpool Council has approved Muse Developments’ £220m Talbot Gateway scheme, a major regeneration project for the seaside town.
Committee blasts HMRC private finance property deal

9 March 2010

HM Revenue & Customs faces a financial backlash from a 20-year property contract signed with Mapeley in 2001, according to a report from the Treasury Committee released today.
CPC’s Beverly Hills saga concluded

05 March 2010

Christian Candy’s CPC Group’s Project Lotus, the vehicle set up to hold the prized 8 acre development site 9900 Wilshire in Beverly Hills, last week transferred its ownership to the lending group headed by Mexico’s Banco Inbursa in a non-judicial foreclosure sale.
Boris Johnson unveils new housing strategy

27 February 2010

London mayor Boris Johnson pledged today to bring 3,000 empty homes back into use in a new London Housing Strategy published today.
Chief scientist calls for overhaul of land use planning

26 February 2010

Government needs to overhaul the land use planning system to cope with future housing needs and the green agenda, its chief scientist has warned.
Advisers wanted for 2012 Olympic stadium

26 February 2010

The Olympic Park Legacy Company is seeking two principal advisory partners to help it find a viable use for the main stadium after the London 2012 games.
City of York Council to occupy station for new HQ

26 February 2010

The City of York Council has agreed to occupy one of the oldest railway station buildings in the UK for its new 150,000 sq ft headquarters in the city.
Student Accommodation - Agenda

Information

8.30 Registration and refreshments
Invest UK: Hear our in depth interview with Peter Robinson, First Minister for Northern Ireland.

14 October 2009

Register for the FREE Invest UK event to hear the electric interview with Northern Ireland First Minister Peter Robinson at 11.30am today.