All Property Week articles in 03 April 2009 – Page 2
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Manchester could to be 'key economic engine'
Greater Manchester has the potential to become the 'key economic engine of the north' and a second centre of growth to complement London if handed greater self-government, according to an independent report published yesterday.
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OnlinePrince of Wales voices Chelsea Barracks concerns
Prince Charles has written to the Qatari Diar expressing concerns about the Chelsea Barracks residential development.
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Irish tycoon Hegarty’s WG Mitchell appoints administrators to subsidiaries
Northern Irish property tycoon Patrick Hegarty’s £500m investment and development business WG Mitchell has had a large number of its subsidiaries placed into administration.
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OnlineNpower lights up former Northern Rock Sunderland home
Npower has bought a former Northern Rock campus in Sunderland to consolidate a number of regional offices.
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Prupim picks Quintal for sustainability job
Prupim has appointed Joel Quintal as its head of sustainability and environment.
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US Congress eyes mortgage reform
Congress is preparing to take up a comprehensive plan that would fundamentally reform the home mortgage market, starting this year.
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Macquarie HQ is Oz rescue's first customer
The Rudd Government's plan to rescue the commercial property market could have one of Australia's most prestigious properties as its first customer.
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Luxury resort investigated over rent and fees
The cash-poor Cypress Lakes Resort in NSW's Hunter Valley has been investigated by the state's Department of Fair Trading over claims the complex withheld rent and charged excessive body corporate fees.
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Crown in new Vegas move
James Packer's Crown has emerged as a potential white knight for the most expensive, privately funded construction project in US history, a $US8.6bn ($A13.4bn) Las Vegas hotel and casino development known as CityCentre.
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Palm investors get revised payment schedule
Property investors in Nakheel’s Palm Jebel Ali development have been shown a revised payment schedule because of the delay to construction.
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HK faces 'grave' test
Hong Kong is facing its gravest economic test since the second world war and is prepared to adopt an aggressive mid-year stimulus 'if necessary', according to the territory’s chief executive.
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Retail landlords agree cost cut plan
Some of Britain’s biggest landlords have agreed a plan to cut costs by up to 20% and pass these savings on to retailers in the latest move to ease the beleaguered high street’s burden from property costs.
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BT moots putting property in pension fund
BT is considering injecting its remaining property assets – including the landmark BT Tower and headquarters close to St Paul’s Cathedral – into its pension fund as it begins to tackle its deficit.
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Invista moves on Babcock fund
Invista Real Estate Investment Management, the London-listed property fund with £6.3bn of managed assets, sealed a deal over the weekend to expand into Asia.
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Candys open offshore books to halt rumours
The Candy brothers have thrown open their offshore accounts to show assets worth £450m in an attempt to quash rumours that their fortune has been hit by the recession.
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Kallakis empire 'founded on fraud'
A rising star has been swept up in an probe on fraudulently obtained bank loans
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Northern Rock has branch in tax haven
Gordon Brown has been accused of the 'height of hypocrisy' for allowing the state-owned Northern Rock to run an offshore bank in the Channel Islands while he is leading a global campaign against tax havens.
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Last-ditch move to save 100 Robert Dyas branches
More than 1,200 jobs are set to be saved at Robert Dyas after an 11th-hour deal between the high street hardware store chain and its banks, including the government-backed Lloyds Banking Group, to avert administration.
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Debtors get breathing room
Debt collectors have agreed to give 30 days to borrowers struggling with repayments under a deal announced yesterday. The 30-day breathing space rule has been brokered between the government and the Credit Service Association, which represents debt agencies.
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Planning fee increase in Wales will hit development
Hikes in planning fees in Wales could mean that even more developments are put on hold or stalled, according to Savills’ Cardiff office.
