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LATEST PROPERTY NEWS
RBS reduces property loans and losses – but closed to new customers
Royal Bank of Scotland today revealed that it had reduced its commercial property loan portfolio by 14% in 2011 and its losses on bad property loans dropped by 21%, but will not be lending to new customers.
Fulham Town Hall to become “lifestyle emporium”
Dory Ventures, the US owner of Maclaren pushchairs, has agreed to buy the Grade II-listed Fulham Town Hall from the local authority and turn it into an upmarket shopping destination.
Pidgley hires bigwigs to government panel
Two house-building heavyweights, including a former Barratt Developments chief, have been recruited by Berkeley chairman Tony Pidgley to investigate how public sector land can be better used to tackle the UK housing crisis.
CSC marginal NAV rise in "transformational" Trafford Centre year
Capital Shopping Centres experienced a marginal increase in net asset value over 2011 as increases in the value of its property portfolio and its earnings were offset by dividend payments.
Redrow half yearly results show positive performance
House builder Redrow enjoyed a strong first six months of its financial year, with increases in revenue and pre-tax profit, the company said today.
Savills agent to join BC Commercial
Retail director Erol Ezen will leave Savills to join BC Commercial as director.
Brooks MacDonald's ground rents fund makes first buy of 2012
Brooks Macdonald Funds has made its first purchase of 2012 for its ground rents funds in Bradford, West Yorkshire.
Lancashire Enterprise Partnership £13m boost for regeneration schemes
Lancashire Enterprise Partnership (LEP) has announced that it is to invest £13m in a series of regeneration projects around the county, TheBusinessDesk.com reported today.
Regional Growth Fund gets £1bn boost
From today, an additional £1bn will be available to businesses seeking support from then Regional Growth Fund.
Birmingham Conservatoire move ahead of Paradise Circus development
Birmingham City University is working with developer Argent and the city council to review the location of Birmingham Conservatoire in light of the proposed redevelopment plans for Paradise Circus, TheBusinessDesk.com reported today.
UPDATE: SFO allegations against Vincent Tchenguiz emerge in court for the first time
The reasons for the arrest of Vincent Tchenguiz were spelled out in court for the first time today PropertyWeek.com can reveal, as alongside his brother Robert, he was granted a judicial review.
Treasury Holdings “insolvent”, NAMA claims
The Treasury Holdings Group of companies is insolvent and past the point of commercial rescue, the National Asset Management Agency said today.
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DTZ name set to stay
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Tchenguiz brothers granted judicial review over SFO raid
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Lend Lease unveils Elephant & Castle plans
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Edinburgh Woollen Mill buys Peacocks out of administration
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Drivers Jonas' senior retail poach from DTZ
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Mucklow’s NAV falls in half year
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IVG lets floor at No. 1 Leeds
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Derwent London secures Westminster planning consent
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LaSalle and Bell Hammer win consent for Staines office building
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Strong year for BNP Paribas Real Estate
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Segro reports 10% NAV decline but achieves letting progress
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Colliers extends deadline for takeover bid
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Safestore optimistic as revenues grow
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SF Group signs for Gas Street space
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BGC buys struggling Grubb & Ellis
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Kwik Fit Landlord nails down £39m RBS loan
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Property Week launches free iPad Sheds app
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City offices boom could falter
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Hermes chief joins NewRiver Retail board
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Henderson plans Birmingham apartment tower
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Ignis buys £80m Segro portfolio
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JJB margins improve but sales continue to fall
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Amazon Properties buys £47m Park Crescent London terrace
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Luxury homes continue to spread in the West End
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Development Securities secures Watford consent
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QIA completes Credit Suisse HQ buy
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Mortgage lending up on this time last year
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LaSalle seals 65,000 sq ft of Farringdon deals
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Midweek Bulletin
Midweek Bulletin: Why is Westfield selling out of smaller schemes?
Following the news revealed by Property Week last night that Westfield has sold out of three regional shopping centres, the Midweek Bulletin looks at what this means for Westfield’s strategy.
Latest Issue
£1bn Debt star: US giant to lend to Europe
US’s Starwood Capital raising £1bn fund to lend to starved European property sector
Regional News
Analysis
Get on track for high street remix
UK shop vacancy rate is here to stay unless urgent action is taken.
Time to pay REIT chiefs for shareholder returns
Nearly 10,000 people took part in the industry-leading 2012 RICS and Macdonald & Company salary survey, which we publish today (analysis).
Salary Survey 2012 - Return of bonus culture
Almost 10,000 property professionals took part in this year’s industry-leading RICS and Macdonald & Company salary and benefits survey. Average pay was down on last year, as many relied on bonuses to boost their back pockets. Sarah Townsend reports
Property finance is at sharp end of risk aversion and regulation
The financial health of the developed world has never looked more fragile.
