15 December 2006

Property Week

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  • 100 Club raises £65,000 for disabled children

    13 December 2006

    The 100 Property Club raised a record £65,000 at its annual Christmas bash at London’s Dorchester hotel last night.

  • 2006 was property’s ‘best-ever year’

    15 December 2006

    How did the 10 predictions for 2006 we made in the first issue of this year (leader, 06.01.06) measure up?

  • 2006: a year in property

    15 December 2006

    The good, the bad and the regional. Property Week tours the country for the highs and lows of the last year

  • 20-30-40-50-60-70-80

    13 December 2006

    Each week we meet a property figure from a different age bracket. This week Anna Goldie meets Roy Cadogan, 82, a valuer at Montagu Evans

  • A belle epoch for French investment

    15 December 2006

    ‘SIICs techniques’ have driven investment to record levels in 2006. Deirdre Hipwell reports

  • A good line-out

    15 December 2006

    Ireland’s 32-15 drubbing of South Africa’s rugby team a few weeks ago was a hot topic of conversation when Keith Woods and Francois Pienaar got together at the launch of Howard Eurocape’s Mandela Rhodes scheme in Cape Town last Thursday.

  • A year in property

    15 December 2006

  • Agnellis agree to £287m Cushman deal

    19 December 2006

    The Agnelli family has agreed to acquire a 67.5% stake in Cushman & Wakefield for $563m (£287m).

  • AIM reels in latest in series of Israeli developers

    15 December 2006

    Former Mountleigh man Wright resurfaces at Russia-focused developer

  • Al-fayeds feud

    15 December 2006

    Harrods owner Mohamed Al-Fayed is heading for the Lands Tribunal in a multi-million pound dispute about his annual rates bill.

  • All points to north London for Lyons and Conway

    15 December 2006

    Matterhorn Capital follows purchase of British Land HQ with Mill Hill college

  • Amec pulls out of property development

    13 December 2006

    Construction and engineering services group Amec today revealed plans to sell off its built environment businesses in a bid to improve performance

  • Arlington launches €1.2bn fund

    20 December 2006

    Arlington Securities has launched a €1.2bn (£800m) European logistics fund

  • Arlington makes it big in UK sheds market

    15 December 2006

    Developer to buy sites and seal Scotland’s biggest-ever industrial prelet

  • BAA: 'evidence of poor quality and high charges'

    12 December 2006

    BAA could be forced to sell one of its three London airports after the Office of Fair Trading today proposed to refer the airport operator to the Competition Commission.

  • Bar room brawl

    15 December 2006

    In a case that will send shockwaves through the pub industry, JD Wetherspoon is suing its former property adviser for alleged fraud. Laura Chesters investigates

  • Barratt joins race for Wilson

    15 December 2006

    Barratt Developments has joined the bidding race to take over residential and commercial developer Wilson Bowden.

  • Bespoke IPD tracker

    15 December 2006

    Specialist investment boutique Bespoke Financial Consulting this week unveiled its inaugural fund tracking the Investment Property Databank UK Monthly Index.

  • Birch exits after £927m LandSecs deal

    29 December 2006

    Land Securities chief executive Francis Salway paid tribute to chairman Peter Birch after it was confirmed this morning that he would step down from the position

  • Bog standard

    15 December 2006

    Savills’ development director David Williams had a rather unusual – as befits the man – way of ending our meeting last week.

  • Book reviews

    15 December 2006

    Christmas reading

  • Bristol City Council

    15 December 2006

    Bristol City Council and US property company HDG Mansur this week agreed a compromise of 22% of affordable housing from the council’s original demand of 30% for the development of the former Courage Brewery site in Bristol. Planning consent has been granted for the office-led Finzels Reach scheme (left). Construction is expected to begin this month.

  • Brixton sells Birmingham estate for £35.75m

    19 December 2006

    Brixton has sold Vaughan Trading Estate at Tipton, Birmingham, to Kenmore for £35.75m.

  • Brixton shareholders back REIT move ...

    18 December 2006

    Brixton’s shareholders have voted in favour of the company becoming a REIT in the new year

  • Brown eliminates key tax avoidance techniques

    15 December 2006

    Chancellor outlaws three most popular ways to avoid Stamp Duty Land Tax

  • Brum bounces back

    15 December 2006

    Birmingham reclaims status as Britain’s second city

  • Capital Shopping Centres gets green light for Westgate scheme

    19 December 2006

    Capital Shopping Centres has finally got the go ahead for its Westgate shopping centre extension in Oxford after a long planning battle

  • Card done-by

    15 December 2006

    To the BCSC annual dinner last week, where I bumped into Nick Ritblat.

  • Case news

    15 December 2006

    Jonathan Ross reports on a case where an oral agreement was upheld several years after it was made, and Warren Gordon relates how a court dismissed claims of bias in a planning decision

  • Celebrate good times

    15 December 2006

    London’s good fortune looks set to continue into 2007

  • Chinese investor buys £243.1m shopping centre

    14 December 2006

    China Real Estate Opportunities (CREO) has bought one of China’s biggest western-style shopping centres for £243.1m.

  • City view: James Whitmore

    15 December 2006

    It used to be argued that a property services firm should not be listed on a stock exchange because its profits and, consequently, its share price yo-yoed in response to the peaks and troughs of property cycles.

  • Colliers CRE buys consultancies for £3.9m

    13 December 2006

    Colliers CRE has purchased property consultancies Jansons and Paul & Company for a combined £3.9m.

  • Compulsory Purchase Order for Olympic site confirmed

    19 December 2006

    The announcement made this morning by London Development Agency means that plans to hand over the 764 acre (312 ha) site in the Lower Lea Valley next July, are still on course.

  • Conran studies Leicester Uni halls

    15 December 2006

    Terence Conran’s Conran & Partners and Square Foot Properties have submitted plans to convert the University of Leicester’s halls of residence into high-quality flats.

  • Creedy to leave L&G Property at end of 2007

    15 December 2006

    Mark Creedy is to step down as head of Legal & General Property at the end of next year.

  • Creedy to step down as L&G Property boss

    12 December 2006

    Mark Creedy is to step down as head of Legal & General Property at the end of next year

  • Deutsche Land shares suspended after Frankfurt buy triggers AIM rule

    28 December 2006

    Shares in Deutsche Land were suspended from AIM in advanced of a large acquisition in Germany

  • Diary of... a rent review surveyor

    15 December 2006

    Roger Sewell, head of landlord and tenant at Montagu Evans, takes us through his week

  • Don’t forget ‘promising’ UK, says Targetfollow founder

    15 December 2006

    Massive ‘Gherkin’ and Shell-Mex House deals are ‘good value’, believes Nagshineh

  • DTZ buys out DTZ North Asia for £23.4m

    14 December 2006

    DTZ has bought the remaining 70% of DTZ Pacific Holdings (DTZ North Asia), from HK Millenium for HK$356.9m(£23.4m).

  • DTZ in JP Morgan coup

    15 December 2006

    JP Morgan has appointed DTZ to find a new London headquarters.

  • DTZ wins JP Morgan pitch

    13 December 2006

    JP Morgan has appointed DTZ to oversee its search for a new London headquarters.

  • East Oxford Street faces CPOs

    18 December 2006

    The east end of Oxford Street is facing Compulsory Purchase Order action from Westminster City Council

  • Eight new year honours for property

    2 January 2007

    The property industry was well represented in the new year honours list with particular recognition for services to regeneration and sustainable development

  • Enter our 2007 salary survey and win £500

    15 December 2006

    How does your salary and benefits package compare with those of your peers?

  • Euro CMBSs to top €60bn

    15 December 2006

    The current record-breaking pace of European property securitisation will continue next year, according to credit rating agency Fitch Ratings.

  • Evans Randall scores £300m Man deal

    15 December 2006

    Private equity group to forward-fund hedge fund’s City HQ

  • Feline attraction

    15 December 2006

    When HelioSlough decided to celebrate the launch of Nimbus Park at the Lowry Hotel in Manchester a fortnight ago, they didn’t imagine it would be a celebrity-packed affair.

  • GE to forward-fund sheds sites

    15 December 2006

    GE Real Estate is poised to forward-fund more than 700,000 sq ft of warehouse space.

  • Germany attracts the UK

    15 December 2006

    More than a third of the UK’s property professionals plan to increase their exposure to western Europe during the next two years.

  • Going places

    15 December 2006

    This week's movers

  • Gormleys SuperValu buy

    15 December 2006

    Howard Eurocape has bought a ¤100m (£67.7m) Irish shopping centre portfolio from one of the country’s largest private supermarket operators.

  • Green doesn’t mean go

    15 December 2006

    Homebuyers want to save money more than the planet

  • Green homes exemption from SDLT ‘a start’

    15 December 2006

    Developers and tax advisers have given a lukewarm reception to the chancellor’s announcement last week that new carbon-neutral homes will be exempt from Stamp Duty Land Tax from April for three years.

  • Green light for St Enoch upgrade

    20 December 2006

    Glasgow City council has given the go ahead for the upgrade and extension to the St. Enoch centre in Glasgow city centre.

  • Green light for UK Coal Waverley plans

    13 December 2006

    UK Coal has been given planning permission for a large mixed-use commercial scheme at its business park at Waverley, South Yorkshire.

  • Hammerson and Great Portland - REIT status imminent

    13 December 2006

    Hammerson and Great Portland Estates are just weeks away from tax-transparent status after shareholders voted today in favour of the pair converting to REITs

  • Hanover square Yueltide special

    15 December 2006

  • Hermes and L&G’s £530m sheds union

    15 December 2006

    Institutions set up UK Logistics Fund with aim of reaching £1bn of assets in three years

  • Highland Sting

    15 December 2006

    A bleak outlook for Edinburgh

  • Historic covenants

    15 December 2006

    Questionmarketing a site, which I have learned is subject to a historic covenant restricting residential use. Does this rule out future residential development?

  • HMCS signs Rolls Building letting

    14 December 2006

    Her Majesty’s Court Service has signed one of the biggest London Midtown lettings of the year at the Rolls Building on Fetter Lane.

  • I wanna trump

    15 December 2006

    One of the more interesting Christmas gifts to have landed on my desk is a property version of the card game Trumps.

  • ING Lionbrook Property Fund buys IBM disaster recovery centre

    27 December 2006

    ING Lionbrook Property Fund has purchased an IBM data centre and disaster recovery facility in Greenford, West London for £18.5m from Highcross

  • ING makes Warsaw pact to buy €150m retail block stake

    15 December 2006

    Polish market heats up, as AAIM and Macquarie also chase shops

  • Ireland stocks up

    15 December 2006

    Retail development has gone into overdrive

  • Irish to take Telford mall

    15 December 2006

    A collection of Northern Irish investors was on the verge of sealing the biggest shopping centre deal of the year as Property Week went to press.

  • Israeli investor splashes £1bn on Marriott hotels

    2 January 2007

    Israeli investor Igal Ahouvi has completed the purchase of a £1bn portfolio of Marriott hotels

  • JLL central London retail team shuts up shop

    15 December 2006

    Agent makes two redundant as it exits high-profile market

  • Knight Frank to relocate

    14 December 2006

    Knight Frank is relocating its Hanover Square headquarters to 55 Baker Street, it was confirmed this morning.

  • L&G buys £86m Spinningfields lease

    13 December 2006

    Legal & General has bought the long leasehold interest in an office building in Manchester’s Spinnigfields from Allied London Properties for £86m.

  • Lander speed record

    15 December 2006

    Skeleton bob is one of those ridiculously dangerous sports that you watch during the Winter Olympics from the comfort of your armchair, safe in the knowledge that you will never participate.

  • Landlords’ repair responsibilities

    15 December 2006

    Question: The previous owner of my building did not connect the damp-proof membrane to the damp-proof course in the walls. My tenant says I am responsible for remedying the damp problem and is threatening court proceedings.

  • LandSecs gets REITs green light

    15 December 2006

    Land Securities sealed its planned conversion to REIT status today after 99.1% of shareholders voted in favour of the change.

  • LandSecs JV pays first planning tax

    15 December 2006

    A partnership between Gazeley and Land Securities is to pay the first-ever infrastructure tariff under Milton Keynes’ pioneering planning tax regime.

  • LandSecs to sell Newcastle leisure scheme for £72.5m

    20 December 2006

    Land Securities is to sell its sole leisure asset to focus on retail for REIT conversion next year

  • Lifestyle

    15 December 2006

    Something for the holiday

  • Livingstone blocks plans to cut affordable homes in Hammersmith

    27 December 2006

    Mayor of London Ken Livingstone has today rejected plans by Hammersmith and Fulham Council to cut the number of affordable rented homes at a development in the borough

  • London organic farm shops

    15 December 2006

    Two organic farm shops are set to kick off a rapid expansion with their first stores in the capital.

  • Manchester Landmark to kick-start Spinningfields rival

    15 December 2006

    Manchester & Metropolitan proposals augment redevelopment potential around St Peter’s Square

  • McCabe to take Teesland private

    21 December 2006

    Kevin McCabe, chairman of Scarborough Properties, has made a £200m recommended cash offer to take Teesland private, it was announced this morning

  • Mitsui Fudosan rises again in Hanover Square

    15 December 2006

    Japanese company to team up with Stanhope to redevelop Japan Airlines headquarters building

  • New Star sparkles with Chancerygate industrial buy

    15 December 2006

    Chancerygate is to sell a portfolio of industrial estates in the south to New Star Property.

  • NWDA and Ashtenne launch NorwePP

    13 December 2006

    NorwePP, a public private partnership, has been launched today by the Northwest Regional Development Agency (NWDA) and Ashtenne Industrial Fund (AIF) to manage and develop the agency’s portfolio of commercial premises.

  • Offices: back in the red – and green

    15 December 2006

    Yields and vacancy rates plummet as offices embrace the bigger picture, says Ann Minogue

  • Oracle pays record £75m in Docklands

    15 December 2006

    David Burke’s group buys Millharbour site for £21m/acre

  • Pearl Kwik Fit deal off

    15 December 2006

    Investor David Pearl is no longer the preferred bidder to buy 148 properties in the UK from Kwik Fit

  • Planning appeals

    15 December 2006

    Beyond reasonable

  • Planning changes ‘will save £124m’

    15 December 2006

    The government this week unveiled initiatives aimed at delivering a faster, more efficient planning system, which it claims will save around £124m.

  • Planning: just as you thought it was getting easier...

    15 December 2006

    ... Local Government Bill will lead to more planning confusion

  • Politics: ‘snake-oil’ Tony survives

    15 December 2006

    The politics of property, with Steven Norris

  • Pop Idol judge sells south London studio

    15 December 2006

    Pop music impresario Pete Waterman has sold the freehold of a south London property to the Winston Group for £2.15m.

  • Primary Health Properties will convert to REIT too

    18 December 2006

    Primary Health Properties (PHP), the primary healthcare property provider, today confirmed that it would convert to UK REIT status from 2 January 2007

  • Professional player

    15 December 2006

    Liverpool’s refurbishment frenzy attracts law firms

  • ProLogis buy €29m French distribution centre

    14 December 2006

    ProLogis European Properties have bought a 467,157 sq ft (43,400 sq m) distribution centre in France for E29m (£19.5m)

  • Prologis to buy in Japan

    15 December 2006

    Shed developer Prologis is to extend its property portfolio in Japan with the purchase of eight distribution centres.

  • Pub companies ‘must say cheers to REITs’

    15 December 2006

    The big five pub companies must take advantage of REITs, a leading pub analyst said this week.

  • PWC to pick More London

    15 December 2006

    PricewaterhouseCoopers is to agree terms to move to More London on the south bank of the Thames.

  • Quintain and Morley secure £200m Bristol science park

    20 December 2006

    Quintain Estates and Morley Fund Management have secured a development agreement from the South West of England Development Agency (SWRDA) to develop a £200m science and technology park in Bristol.

  • Rating appeals

    15 December 2006

    Question: I have submitted a rating appeal because of building works next to my property but have received notice from the Valuation Office Agency that it is invalid as the rent is incorrect. How can I get my appeal accepted?

  • REITs drive FTSE 100 to five-year high

    2 January 2007

    The FTSE 100 reached its highest level in more than five and half years today as the new era of REITs began

  • Retail: John Lewis and M&S star

    15 December 2006

    The high street is taking on the challenge of foreign retailers and the internet, says John Strachan

  • Rivals become partners with £530m big sheds fund

    15 December 2006

    Hermes and Legal & General mix investment and development in UK Logistics Fund

  • Rodamco Europe makes Russian debut

    27 December 2006

    Rodamco Europe is to enter the Russian property market for the first time with the purchase of a 50% stake in one of Moscow’s biggest planned shopping centres

  • Rok invests in £10m Manchester business park site

    13 December 2006

    Rok Development has acquired a site in Wilmslow, Manchester, from Legal & General to develop a new office park.

  • RREEF leads year-end deal frenzy in Square Mile

    15 December 2006

    RREEF UK Office Property Fund has bought the freehold of 30 Cannon Street in the City of London from Thurleigh Estates for around £45m.

  • Sainsbury’s counts cost of London office

    15 December 2006

    Sainsbury’s is evaluating the cost efficiency of its London headquarters compared with locations outside the capital.

  • Savills severs ties with Trammell Crow

    21 December 2006

    Savills today confirmed that it had severed its ties with former US partner Trammell Crow following its takeover by rival CB Richard Ellis.

  • Schroders buys Aareal for €28m

    15 December 2006

    Schroders has made a €28m (£18.8m) swoop for Aareal Asset Management, it was revealed this morning.

  • Scotland ends year with trio of lettings

    28 December 2006

    The Scottish letting market is to end the year on a high following a hat trick of deals across Edinburgh and Glasgow

  • Shaftesbury joins REIT club as countdown begins

    15 December 2006

    West End specialist is 13th property company to commit to a 2007 conversion

  • Shares rise ahead of REIT conversion

    29 December 2006

    Shares in the UK’s top property companies have significantly risen in value just days before REIT legislation takes effect

  • Shelbourne Development

    15 December 2006

    Irish property company Shelbourne Development has filed a revised plan for a 160-storey residential tower in Chicago, which, if completed, will be the tallest skyscraper in the US. The planned 2,000 ft-high spiral-shaped Chicago Spire scheme comprises 1,300 flats and no longer includes plans for a broadcast antenna, hotel or retail space. Santiago Calatrava is lead architect and engineer for the project.

  • Slough gets REIT backing

    14 December 2006

    Slough Estates has gained shareholder backing for its conversion to a REIT.

  • Slough in Euro bonanza

    21 December 2006

    Ian Coull's Slough Estates is to finish 2006 on a high note following the agreement of more than 758,000 sq ft (70,500 sq m) of pre-lets across its European portfolio.

  • Something bold, Something new

    15 December 2006

    Barratt’s David Pretty was among the big-name winners at last week’s Regeneration Awards

  • Southern climbs

    15 December 2006

    Bristol office take-up lags behind a thriving industrial market

  • Summit Germany spends €58.8m across 3 major cities

    20 December 2006

    The AIM-listed German commercial property investment company, has bought five mixed-use properties for a total E58.8m (£39.4m).

  • Supermarkets bag up 2m sq ft of sheds

    15 December 2006

    Northants, Wiltshire and Hampshire to get vast new depots

  • Supermarkets bag up 2m sq ft of sheds

    15 December 2006

    Northants, Wiltshire and Hampshire to get vast new depots

  • Targetfollow

    15 December 2006

    Private property company Targetfollow faces competition from at least two other parties to buy London’s Earls Court and Olympia exhibition centres, where the annual London International Horse Show is held (pictured).

  • Thames rallies

    15 December 2006

    Rising vacancy rates are not dampening investors’ spirits

  • The Cavern shopping centre

    15 December 2006

    Liverpool footballers wives’ favourite, the Cavern shopping centre, has attracted a 400 sq ft (37 sq m) shop for cat and dog accessories retailer Poochi Couture. The retailer plans to open five more stores in the next two years. Cavern is home to designer stores Vivienne Westwood and Cricket.

  • The retailer’s nightmare before Christmas

    15 December 2006

    It’s not the season to be jolly if you are a shopping centre manager

  • Thurrocks designs on Gateway

    15 December 2006

    Housing association Family Mosaic, the East of England Development Agency (EEDA) and Thurrock Thames Gateway Development Corporation have joined forces to pay £21m for a 22 acre (10 ha) brownfield site in Thurrock, Essex.

  • Treasury gets Battersea go-ahead

    29 December 2006

    Real Estate Opportunities, the property group majority-owned by Dublin-based Treasury Holdings, is to complete the purchase of Battersea Power Station today

  • UK retailers outperform last year's footfall figures

    28 December 2006

    Retailers in the UK are enticing more bargain hunters into their shops than they did last year, according to research announced today.

  • Valderrama’s big draw

    15 December 2006

    Property’s best golfers headed to Valderrama for this year’s Golf Masters challenge.

  • Warner buys £18.25m Magna Park unit

    19 December 2006

    Warner Estate Holdings has today bought the 195,758 sq ft (18,186 sq m) Unipart unit on Magna Park in Lutterworth, Leicestershire from clients of CB Richard Ellis Investors.

  • Westfield sells off 50% interest in Merry Hill

    20 December 2006

    The Australian shopping centre owner has confirmed the sale of a 50% interest in its Merry Hill shopping centre in the West Midlands.

  • Woes for Wales

    15 December 2006

    Disgruntled retailers pile on the pressure over rent hikes

  • Worthing Borough Council

    15 December 2006

    Worthing Borough Council has given outline planning consent for the £120m Teville Gate scheme in the West Sussex town, which includes two residential towers, retail and leisure. Hartnell Taylor Cook and Intrinsic are advising developer Hanson Capital Management.

  • X-Leisure Fund

    15 December 2006

  • Yorkshire forward

    15 December 2006

    Rents are rising as investors head due north

  • You don’t need a lawyer for the Small Claims Court

    15 December 2006

    Save the legal fees and do it yourself, says Tom Entwistle


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