All Property Week articles in 02 May 2008 – Page 11
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OnlineWhitbread reveals growth plans for hotels and coffee
Whitbread revealed today it would push ahead with its restaurants, coffee shops and hotel expansion as it reported a pretax profit up 26.3% to £210.3m
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Online
Sale of Wapping News International site hots up
Land Securities and private investor Marcus Cooper are vying to buy News International’s headquarters in Wapping.
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Port site sold for bio-mass facility
A joint venture between ING Real Estate and Clugston Developments has sold a 79 acre site near Immingham port in the North East.
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New chairman for Lewis Charles Sofia Property Fund
Lord Howard of Penrith, the chairman of AIM-listed investor Lewis Charles Sofia Property Fund has stepped down from his role with immediate effect.
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OnlinePlans submitted for Birmingham’s NatWest tower
British Land has submitted a planning application to Birmingham City Council for a £160m office development in the city centre.
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IBM to move to Kenmore’s Jackson House in Manchester
IBM is to take a major letting at Kenmore Capital Portfolio’s Jackson House in Sale, south Manchester.
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News
Downturn stalls shopping centres
Retail developments are being shelved across the country as the effects of a funding crisis for commercial property are exacerbated by fears of flagging consumer demand. Financial Times
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News
Northern Rock breached capital rules
Northern Rock breached capital rules six months before its collapse, yet failed to tell shareholders and continued to be given favourable 'light touch' treatment by financial regulators. This was despite reporting a capital ratio of 9.74% at the end of March 2007. The Times
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News
House prices dipped 0.4% in March
House prices fell for the second consecutive month in March, according to official figures. The Times
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News
Brands shun White City
The luxury zone at White City, the new west London retail park, is struggling to attract the biggest brands from their city centre heartlands of Bond Street and Sloane Street, according to people familiar with the shopping centre. Financial Times
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News
Fabian Romania slightly up
Fabian Romania, the AIM-listed property developer said that its net asset value per share rose by 0.2% to €1.703 between the fourth quarter of 2007 and the first quarter of 2008. The Times
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News
Mortgage deposit demands increased
The practice of allowing first-time home buyers to put down a deposit of as little as 5% appears to be nearing an end as mortgage lenders take further steps to tighten lending requirements amid the credit crisis. Financial Times, Daily Telegraph, The Independent
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News
Dawnay sees 8% NAV rise
Dawnay Day Carpathian reported an 8% rise in its net asset value per share in 2007 as it neared full investment of its funds. Financial Times
