All Property Week articles in 02 July 2010 – Page 2
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Online
Cannon Capital raises £5m at second auction
Cannon Capital raised £5m with a success rate of 55% at its second auction held at Claridge’s Hotel in London’s Mayfair.
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Online
Birmingham city centre hotel gets go ahead
Birmingham City Council has granted planning permission for a new Travelodge and Tesco express development in the city centre.
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OnlineCapita Symonds takes space in Sheffield
Capita Symonds has agreed to take 15,000 sq ft in Sheffield city centre office.
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Online
Government to halve property costs in “doomsday” scenario
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.
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Online
Cuts fall on another £220m of HCA funding, school building scheme scrapped
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.
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Online
The Local Data Company: Mobile Phones Shops Report 2010
One of the great joys of the cynically inclined is to look at historic forecasts and compare them with actual outcomes. The literature is redolent with examples of wonky projections from the market for computers to that for slide rules.
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Online
Government agrees to £415m PFI prison deal with Serco
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.
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Online
Lloyds sells £480m Bank of Scotland Integrated Finance unit.
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.
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OnlineCable car plan revealed for London
A cable car is being planned for a Thames river crossing between the Greenwich Peninsula and the Royal Docks in London.
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Online
Gatehouse Bank buys BT HQ in Leeds
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.
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Online
School rebuilds face £1bn cut
Education secretary Michael Gove is expected to announce today that up to 700 school building redevelopments are to be frozen.
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OnlineTim Wheeler Blog: Rodez-Revel - Pamiers-Bagneres de Luchon
Day 13 - Rodez-Revel, 145 km, 1,400m climbing Amusing highlight of the day-overtaken by 2CV when doing 55km+ on one descent: almost as bad as being passed by a Smart Car on the Nurburgring.
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OnlineTim Wheeler Blog: Day 12 Bourg Les Valence-Mende 209km 3200m climbing
An unremarkable day of more slog with tremendous heat followed by thunder.
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Online
Property Week Podcast 23 - part 2: Lehman Brothers, government cuts and Maggie Thatcher
Download the packed Property Week podcast, sponsored by CoStar, to hear property wisdom from the biggest names in the industry.
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Online
Olympic Delivery Authority boss named as highest quango earner
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.
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Online
Invista buys Sheffield office building
Invista Property Foundation Trust has bought the Portergate, an office building in Sheffield, for £10.2m.
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Markets
Speedier sales for repos
The time taken to sell repossession homes is coming down, claims agent Spicerhaart
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News
Olim in Norwich and Southsea
Fund manger and investor Olim has bought a freehold student accommodation building in Norwich for £3.1m for BAe Systems Executive Pension Scheme from GVA Grimley, acting as LPA receiver
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Insight
Welsh story misleading
Your article, “Committee calls Welsh £500m property spend into account” (South Wales, 18.06.10), claims: “£500m annual expenditure of the Welsh Assembly Government on its £12bn property portfolio has come under the microscope.” This is incorrect
