All Property Week articles in 03 April 2009 – Page 8
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Markets
Brixton’s 9% Basingstoke yield
Brixton has sold two buildings at its Kingsland Business Park in Basingstoke at a net initial yield of 9%.
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News
Bradford & Bingley ponders £837m loan book sell-off
LPA receivers appointed on Halabi’s Merseyway shopping centre in Stockport
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News
Allsop auction uplifts with ‘strong’ £64m sale
Best sales total for 10 months as investors force yields down to 5.9%
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News
Liberty struggles to raise £350m of equity
Shares fall 15% as market calls for clarification of plans to reduce debt
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Markets
Genesis halts creation of £300m Stratford Tower
Housing association developer interrupts construction to ‘consult with stakeholders’
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Professional
Crunch forces Drivers Jonas to make 30 redundancies
‘Business world has changed, so we must respond,’ says chief executive Nick Shepherd
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Professional
Investec sues First Equity for £3.5m
Investec Bank is suing the chairman of Irish developer and finance group First Equity for £3.5m of interest repayments.
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News
£193m Library of Birmingham
Birmingham City Council leader Mike Whitby unveiled this week the designs for the £193m Library of Birmingham.
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News
Empty rates kill 15m sq ft
In the year after the introduction of empty rates, around 15m sq ft of property has been demolished to avoid the tax, the British Property Federation revealed this week, as it launched its www.emptyrates.com campaign website.
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News
Carlyle prepares $1bn Asia fund
Carlyle Group is planning to raise $1bn for its second Asia real estate fund. It is understood that Carlyle’s global institutional investors have committed more than half the capital for the fund, which will be called Carlyle Asia Real Estate Partners II.
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Professional
Case news: Heronslea (Mill Hill) v Kwik-Fit Properties (20.02.09)
The message: When interpreting a legal document, consider its background, as well as the dictionary definitions of the document’s language
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Online
Southwark Council approves Tate Modern extension
Southwark Council’s planning committee last night approved plans for the extension to the Tate Modern.
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Online
Property investor confidence improves says Jones Lang LaSalle
The deterioration in property investor confidence improved slightly in the first quarter of this year, according to Jones Lang LaSalle.
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Online
Swiss pension fund completes City of London purchase
AFIAA has bought the long leasehold of 31 Gresham Street in the City of London from Hermes Real Estate for £70m as revealed by Property Week.
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Online
ProLogis shares soar on takeover speculation
Industrial giant ProLogis’s shares have jumped by almost 20% this week as takeover rumours surround the company.
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Online
Library of Birmingham designs revealed
Leader of Birmingham City Council Mike Whitby has today revealed the design of the new £193m library for the city.
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Online
Lloyds TSB's Manchester sale and leaseback
Infinity property fund and Vision Developments have completed the £6m purchase and leaseback of Lloyds’ TSB’s 53 King Street in central Manchester.
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Online
Hester is Property Personality of the Year
Royal Bank of Scotland and former British Land chief executive Stephen Hester was last night named Property Personality of the Year for the second time
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Online
SA house price deflation to continues 'for now'
The year-on-year decline in the FNB House Price Index continued in March at a rate of -7.8%, much as expected, from a February revised rate of -6.2%, the latest FNB house price index released on Wednesday revealed.