All Property Week articles in 02 May 2008 – Page 10
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Online
Mission Capital appoints non-exec director
AIM-listed Mission Capital has appointed Philip Goldenberg as a non-executive director.
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News
Mortgage approvals plummet
Mortgage approvals fell in March to levels not seen since the property slump of the early 1990s, Bank of England figures revealed yesterday. Financail Times, The Times, The Independent.
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News
US house prices plunge at record rate
US house price declines accelerated in February, falling by a fresh record annual rate, a report showed yesterday, adding to pressure on consumers and threatening to prolong a domestic economic slowdown. Financial Times, The Independent
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News
Barratt pounded by write-down fears
Fears that Barratt Developments will write down a quarter of the value of its land and cease its building programme next month sent it to a seven and a half year low. The Times
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News
HBOS sees more house price woes
HBOS, Britain’s biggest mortgage lender, warned homeowners to expect two years of falling house prices as it unveiled a £4bn rights issue to strengthen its capital position in the 'deteriorating credit environment'. Daily Telegraph
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News
DSG retreats in Italy as review bites
DSG International could close 40 of its 150 Italian stores over the next two years after an operational review. Daily Telegraph The move could result in 800 jobs being axed, although DSG says it will try to re-absorb the staff in other parts of its business. John Browett, DSG’s recently ...
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News
Eurohypo pair quit
Neil Lawson-May and Paul Rivlin, former co-heads of the Commerzbank subsidiary Eurohypo’s London property corporate finance business, have quit after Commerzbank cancelled its €250 million (£196 million) backing for a private equity venture. The Times
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News
KNC buys in Old Broad Street
KBC, the banking group behind the KBC Peel Hunt merchant bank, has bought 111 Old Broad Street in the City from Aegon, the insurance group. It paid £101.5m for the 122,226 sq ft office building, reflecting a net initial yield of 5.5%. The Times
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News
Abbey capitalises on crisis
While most of the UK’s banks are grappling with the impact of the turmoil in the credit markets, one lender is thriving. Financial Times, Daily Telegraph
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News
ECB warns of boom-bust risk
Eurozone countries risk a boom-and-bust cycle if consumers copy US and UK counterparts and fund increased spending by borrowing against the value of their houses, the European Central Bank warned yesterday. Financial Times
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News
Buy-to-let promoter in administration
The largest and most well known buy-to-let investment seminar operator has fallen victim to the housing slump. Financial Times, Daily Telegraph
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OnlineSir Derek Higgs dies aged 64
Sir Derek Higgs, best known for his groundbreaking report on the role of non-executive directors on company boards, has died at the age of 64, it was announced today.
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OnlineDublin Airport Authority plans €4bn business park
The Dublin Airport Authority has revealed plans for a €4bn (£3.1bn) business park aimed at becoming Ireland’s ‘new premier location for international business headquarters.’
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OnlineTerrace Hill gets green light for Southampton scheme
Terrace Hill has won planning for its £70m Mayflower Plaza development in Southampton.
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OnlineStarbucks drives into Cardiff
Starbucks is to open its first UK drive-through cafe in Wales tomorrow.
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News
Photo of the week
Two cargo cranes at Peel Ports Group's Mersey Docks, in their final seconds. According to the Peel Holdings owned ports division, the demolition of the cranes on Sunday was to make way for a more efficient cargo handling site. Got a photo or event to sumit? E-MAIL US _1_____________________________________________ _2______________________________________________ ...
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Online
Hypo funds £42m Custom House Germany deal
Custom House Captial, which invests on behalf of Irish clients has completed the purchase of the Maximillian Retail Centre in Wörth, Germany, after finalising a €52.8m (£41.6m) funding deal with Hypo Real Estate.
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Online
Inside Track goes into administration
Property seminar company Inside Track has gone into administration – citing the impact of the credit crunch as the cause.
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Online
UK businesses should appoint ‘Energy Tsars’ says report
UK businesses with an annual utility bill of more than £1m should appoint their own ‘energy tsar’ to plug the haemorrhaging cost of waste and carbon emissions, according to the Energy Bureau.
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OnlineDelancey secures planning permission at London’s York House
Lambeth Council has granted planning consent for Delancey’s redevelopment of York House in London’s Waterloo area.
