All Property Week articles in 01 May 2009 – Page 11
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CBRE reports first quarter net loss of $36.7m.
CB Richard Ellis suffered a $36.7m net loss and increased its cost saving target by $100m in the first quarter of the year.
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Giant cake cut to celebrate West End retailers' birthdays
The world's biggest Spongescraper – a 5 foot by 5 foot cake of London - was revealed in London’s West End today.
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ProLogis raises $2.7bn to address its cash needs
ProLogis has ‘substantially addressed’ its cash needs until 2012 by raising $2.7bn of cash over the last few weeks, it said in its first quarter results today.
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London & Associated reports 55% NAV fall
London & Associated Properties, the listed retail investor, suffered a 55% drop in its net asset value last year.’
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Hilton wins consent for Stockport hotel
Global hotel group Hilton has won consent for a 165-bedroom Hilton Garden Inn hotel at Kings Reach, Stockport.
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Hammerson, Disney, Deloitte, Mishcon de Reya and Crabtree & Evelyn join the line-up for Property Week’s Retail Summit
Hammerson’s David Atkins and Deloitte’s Lee Manning will join property industry leaders at Property Week’s Retail Summit, sponsored by CBRE, at Le Méridien Piccadilly on 22nd May.
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Voids hit Hammerson's income
Hammerson’s yearly rental income has dropped by £1.6m, largely as a result of retail tenants going into administration.
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Tulip to build housing project in Gurgaon
Real estate firm Tulip Infratech will invest Rs 100 crore over the next three years to develop 400 apartments in Gurgaon.
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Vegas project rescued
City Center, the $8bn-plus resort under construction in Las Vegas, won a crucial victory Wednesday when its lenders and owners struck a deal that guarantees the project will be finished.
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Sydney office rents tipped to slide
Sydney's central business district rents will plunge by 7.5% this year and will not recover for at least two years, according to new client research from Jones Lang LaSalle.
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Westfield reconfirms profit guidance
Shopping centre owner and operator Westfield Group has reconfirmed its earnings and distribution guidance for the full year, saying its Australian business had helped to offset challenging conditions in the UK, US and New Zealand.
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Oz house price rise bucks trend
The value of Australian homes increased in the first quarter, bucking a global trend downwards, according to a report issued today.
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HK non-core area rents 'stabiilising'
Grade A office rents in Central remain under pressure as key tenants - mainly from the financial sector - continue to scale down operations.
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Merrill Lynch to sell three properties for HK$1.6b
Merrill Lynch is planning to quit its investment in three Hong Kong properties.
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China grade A offices set for massive vacancy
An exodus of tenants from offices in Shanghai and Beijing, combined with supply in the pipeline, could drive vacancy rates as high as 40% in some locations and drag rents down as much as 50 per cent from their peak levels by 2011, analysts are warning.
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Emaar dividend withheld
Shareholders of Emaar Properties gathered last night at the company’s annual meeting in Dubai to learn there would be no dividend.
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HSBC towers could fetch 40% less than peak
HSBC Holdings Plc’s planned sale of its London, New York and Paris offices may bring Europe’s biggest bank about 40% less than the properties would have fetched at the 2007 market peak.
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German economy to shrink 6%
Germany’s economy will shrink by 6% this year, making it one of the worst-performing large economies, the government said yesterday after slashing its official growth forecast.
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Segro lettings rise but worries continue
Segro said its first-quarter lettings had risen year-on-year, but the number of inquiries it received from prospective customers had dropped and it warned of a rise in tenant insolvencies in the first quarter of the year.
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UK house prices fall in April
House prices in the UK fell by 0.4% in April reversing some of the rise seen in March, says Nationwide.