All Property Week articles in 02 October 2009 – Page 13
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RBS, Lloyds send ‘shocking’ $4.4 Billion to staunch Irish loss
Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc, rescued by British taxpayers last year, injected €3.03bn ($4.4 billion) into their Irish units during the past 10 months amid rising real estate losses.
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US Banks finally yield on mortgages
Banks and loan investors are starting to bite the bullet and lower the principal due on home mortgages for some struggling borrowers, a new report from bank regulators shows.
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Wall Street looks to repackage bad vehicles
A new wave of financial alchemy is emerging on Wall Street as banks and insurers seek to make soured securities look better. Regulators are pushing back, saying the transactions don't have enough substance and stand to benefit bankers and ratings firms.
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SAPRO appoints Hunter as chairman
South African Property Opportunities (SAPRO) has appointed property veteran David Hunter as chairman to implement a wide-ranging strategic review.
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Grainger agrees new debt
Grainger, the UK’s largest listed residential landlord, has agreed two new loan facilities totalling £615m.
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Madara Bulgarian warns of cash shortage
Madara Bulgarian Property Fund, which listed on AIM in June 2007 just weeks before the credit crunch struck, warned yesterday that its cash levels remained ‘critical’.
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Central London business rates set for 40% hike
Companies in prime central London areas face bigger-than-expected business rate increases, averaging almost 40%, the country’s largest collector of rates has warned.
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UK brokers in call on mortgage regulation
The problems in the mortgage market should be solved by closer supervision of banks rather than by banning particular mortgage products, the leading trade group for mortgage brokers will tell the Financial Services Authority today.
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Wrekin ruby '£11m' value set to plummet
One of the strangest tales in the history of company accounting looks increasingly likely to end with a fabled gem being downgraded to an unusual paper weight.
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Blacks set to seek lease exits
Blacks Leisure and its advisers KPMG will contact its landlords in the next few weeks with a view to agreeing a company voluntary agreement by November.
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Infrastructure Planning Commission opens doors
More than 50 of Britain’s biggest energy projects, including wind farms, power stations, gas storage sites and high-voltage transmission lines, could be fast-tracked through the planning system under new government powers.
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Job firms fined for construction scam
The Office of Fair Trading has fined six recruitment companies a total £39.27m for price-fixing and for boycotting another company that supplies employees to the construction industry.
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Two more join CBRE's retail team
CB Richard Ellis has made two apppointments in its retail team.
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AIM-listed XXI Century still to conclude debt restructuring
XXI Century Investments, the Ukrainian developer, announced today a further delay in the publication of its 2008 results because it has yet to agree a debt restructuring.
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Wedgwood signs up for shed at ProLogis Park Stafford
ProLogis has let 128,000 sq ft of space to WWRD UK, the group that owns and operates the Waterford Crystal, Wedgwood and Royal Doulton brands.
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LABOUR PARTY CONFERENCE: Govt slams Tory plans to cull regional planning powers
The government has slammed the Conservative Party’s plans to dismantle regional planning powers claiming they would hold back development.
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LABOUR PARTY CONFERENCE: More funding for affordable homes
The government is to ‘tighten rules for lenders’ looking to repossess homes and is allocating more funding to kick-start the development of affordable homes.
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LABOUR PARTY CONFERENCE: Crossrail will happen if Labour re-elected
The government has ruled out the possibility of cutting the £15.9bn Crossrail development if it is re-elected.
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Four Seasons agrees debt restructuring
Care home operator Four Seasons Health Care, which has been involved in one of the longest-running debt restructurings of the economic downturn, yesterday said its creditors had agreed to a debt-for-equity deal.
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Derwent London appoints new finance director
Derwent London’s finance director Chris Odom is to retire on 1 February after 22 years at the company.