All Property Week articles in 03 April 2009 – Page 6
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News
Ronson slams ‘cocktail of greed’ that led to crunch
Heron chief executive Gerald Ronson called on investors to accept responsibility for a crisis born of a ‘cocktail of greed coupled with inexperience’.
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Markets
Clarendon Square at Haringey Heartlands
National Grid Property Holdings and the London Development Agency have submitted an outline planning application to Haringey Borough Council for a redevelopment of their jointly owned, 12 acre site in Wood Green, north London.
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News
Oriental City collapse compounds DevSecs woe
Development Securities has added to the gloom of its 2008 results with the news that it has appointed a Law of Property Act (LPA) receiver to repossess its Oriental City site after the £68m transaction collapsed.
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News
Rad City riders rip it up in the Rex
Four agents and four tiny BMX bicycles with tinsel tassles may not be the first thought that springs to mind as a surefire way of attracting occupiers to a building.
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News
Park Royal health check
Healthcare developer Montpelier Estates has won planning consent for a healthcare and retail scheme at Central Middlesex Hospital in Park Royal, west London.
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News
Olympic Delivery Vehicle chair
Margaret Ford, the former chair of government regeneration agency English Partnerships, has been picked to chair the government’s £1bn Legacy Delivery Vehicle for the 500 acre Olympic Park after the close of the 2012 games.
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Markets
Industry welcomes government’s rural review – with caveats
Government measures to relax planning controls and boost housing in rural areas have been given a cautious welcome from the industry.
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News
Catalyst closes Euro opportunity fund
Property company Catalyst Capital has closed its first dedicated European fund, the Catalyst European Property Fund, with €228.5m of committed capital.
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News
Dr China joins list of high street casualties
Herbal medicine retailer is first to fall since March quarter day
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News
Canon sets its sights on Stockley Park
Imaging giant, QVC and NEC among occupiers seeking south-east space
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News
Private buyer for Kenmore’s French sheds
A private investor has bought a portfolio of industrial units in France from Kenmore European Industrial Fund for €14.5m at a 9.4% yield.
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Professional
Buy some, get some free
Actium Consult’s 2009 Total Office Costs survey has revealed that owners are offering sizeable incentives in a bid to lure tenants
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News
Bristol G Park has wings
The UK Logistics Fund and Gazeley have let two units totalling 323,000 sq ft at G Park Western Approach in Bristol to GKN Aerospace for the manufacture of wing components for the new Airbus passenger liner.
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News
Songbird Estates ‘may breach covenant’
Canary Wharf Group’s owner last week warned of a possible covenant breach in the next year following a 70.2% drop in its net asset value per share last year.
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Markets
Grosvenor to extend Bournemouth mall
Developer teams up with Tonstate to develop £50m scheme
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News
John Hancock Tower in Boston sold
The John Hancock Tower in Boston was sold this week at auction for $611m – about half the $1.3bn Broadway Partners paid for it in 2006.
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Professional
City of London landlords blow a fuse over power cuts
City Property Association fears EDF Energy blackouts could damage property values
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Markets
Brasserie Blanc targets Gunwharf
Celebrity chef Raymond Blanc opened his seventh Brasserie Blanc restaurant on 1 April at Gunwharf Quays, Land Securities’ £200m designer retail-led waterside regeneration scheme in Portsmouth.
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News
Six bid in Rutley takeover
Knight Frank’s private equity arm has received six approaches for a prospective takeover of its Rutley European Property fund.
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Professional
Planning gain proposals are a relic from better days
The community infrastructure levy is not suited to these times, says Stuart Robinson