All Property Week articles in 02 October 2009 – Page 12
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Professional
Case news: NIRAH Holdings v Hanson Building Products and Another, High Court (11.09.09)
The message: A party is bound by the terms of an agreement and cannot subsequently seek to rely on matters for which it has not provided
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Markets
Developers tussle over future of housebuilders at Resi 09
Persimmon: numbers turn negative John White Housebuilding is often depicted as a numbers game and Persimmon chairman John White suggested that completions are likely to have fallen 50% from 2007 to the end of 2009 (see table). “In the medium term it is very unlikely, perhaps even impossible, to imagine ...
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Online
Countryside plans £1bn Essex community
Countryside Properties and housing association L&Q are planning a £1bn neighbourhood in north east Chelmsford.
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Online
Business leaders join Westminster in criticising rates revaluation
Westminster City Council and central London have criticised the latest rates revaluation which could lead to central London businesses pay an extra £500m a year.
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Online
Town Centre Securities' FD resigns
Bob Bigley, finance director at Town Centre Securities, has resigned.
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Online
Farm Foods appoints Savills in Dublin
Frozen Food retailer Farm Foods has appointed Savills as its agents in Dublin. Savills will work to acquire new stores and development sites for the retailer which is on an expansion drive.
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Online
Tice and Wardle target £250m distressed debt fund
Two seasoned property entrepreneurs are planning to raise up to £250m to buy distressed commercial property debt.
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Online
Industrial veterans plan £250m Greater London partnership
A newly-formed team of industrial property veterans is aiming to set up a £250m “investment club” to buy industrial assets in and around Greater London.
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Online
Quintain sets up private investor fund with £83m seed portfolio
Quintain has injected the bulk of its investment portfolio into a new private investor fund.
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Online
Businesses must prepare for major increases in business rates
Businesses across the UK will need to factor in major increases in business rates following today’s rating revaluation announced by the government, GVA Grimley has said.
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Online
100 Wine Cellar stores sold in pre-pack
Wine Cellar, the operator of 170 off licences across the UK, has had the majority of its stores sold in a pre-pack administration.
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Online
ING REIM poaches INREV chief
ING Real Estate Investment management has poached INREV chief executive Lisette Van Doorn as its country manager for Italy.
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Online
Tesco beats a retreat from Nora Batty’s town
Supermarket giant Tesco beat a retreat from Last of the Summer Wine country in the face of a ragtag army of shopkeepers and residents on Wednesday, shelving plans to open a store in historic Holmfirth, home of the long-running television comedy series.
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Online
Infrastructure Planning Commission opens for business
The Infrastructure Planning Commission has opened for business today to advise developers of large new infrastructure projects such as power stations, railways and airports.
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Online
Manhattan office rents dip 5.2%
Manhattan office rents fell 5.2% in the third quarter from the previous three months as the recession forced landlords to cut prices to lure tenants.
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Online
Business leaders back controversial Infrastructure Planning Commission
Controversial plans to streamline the planning process for large infrastructure projects should encourage new investment into the UK, business leaders have said.
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Online
RBS and Lloyds pump $4.4bn into Ireland
Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc, rescued by British taxpayers last year, injected €3.03bn ($4.4bn) into their Irish units during the past 10 months amid rising real estate losses.
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Online
Emaar eyes Indian IPO
Emaar’s Indian property unit plans to raise $800m (Dh2.93 billion) through a share sale that it was forced to shelve last year because of tumbling global stock markets.
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Online
Dubai Metro to boost property
Homes and offices located next to the Dubai Metro could see price uplifts of 20% but it may take up to five years to happen, a global real estate advisory firm said.