All Property Week articles in 03 August 2007
View all stories from this issue.
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Morgan Stanley and Sunrise in $1bn care home tie-up
Morgan Stanley Real Estate agreed a $1.1bn (£543m) tie up with care home operator Sunrise Senior Living on Monday.
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Cordea Savills in €50m Benelux spree
Cordea Savills has spent €50m (£33.7m) on two distribution warehouses and an office building in Benelux.
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OnlineNative Land wins Lambeth Fire Station contract
Residential developer Native Land has won the right to develop the Lambeth Fire Station site on London’s Albert Embankment.
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Local levy could cost UK business £1.5bn
Local authorities could be given the power to levy an additional tax of up to 10% to fund local projects in a move which could cost UK business as much as £1.5bn.
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OnlineMcGinnis unveils £65m Bradford scheme
McGinnis Developments, part of Northern Irish construction company McGinnis Group, has unveiled plans for a £65m scheme at a gateway site into Bradford.
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Erinaceous shares jump 4.4%
Shares in listed property services firm Erinaceous jumped 4.4% this morning, as the company announced that talks were still taking place regarding a potential takeover bid.
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LandSecs sells Greater London House for £165m
Lazari Investments has bought Greater London House in Hampstead Road, north London, from Land Securities for around £165m.
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RREEF announces €2bn close of infrastructure fund
RREEF Infrastructure has announced the final closing of its Pan-European Infrastructure Fund with committed funds from 40 investors of over €2bn (£1.4bn).
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Rugby Estates to buy City Lands
Rugby Estates Rugby Estates Investment Trust is to make its first corporate purchase as it seeks to snap up companies before converting into a REIT.
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Wal-Mart’s cash-and-carry passage to India
Wal-Mart announced its entry into India yesterday in a cash-and-carry joint venture with Bharti Enterprises, the industrial group that owns the country’s largest mobile phone network. The Times. Financial Times
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Affordable housing helps Morgan Sindall
UK construction group Morgan Sindall, has posted record first-half results thanks to increawed demand for affordable housing. Daily Telegraph. Financial Times
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Hunter faces Dobbies ultimatum
The Takeover Panel has ordered Sir Tom Hunter to launch a bid for Dobbies Garden Centres or walk away. Financial Times
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£1.5bn burden of supplementary business rate
UK companies could face an extra tax bill of £1.5bn if councils are allowed to levy a supplementary local business tax of up to 10%, industry trade bodies warned yesterday. Daily Telegraph
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Heathrow revenue soars as investment plummets
Heathrow’s revenue has soared in the airport’s first year in the hands of Ferrovial, the Spanish construction company, but investment has fallen. The Times
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Greene King lands Loch Fyne for £70m
Greene King is expected to announce today its entree into restaurants with the £70m purchase of Loch Fyne Restaurants, the seafood chain spawned by the eponymous Scottish oyster farm. The Times
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Durham digs top buy-to-let league
A study has found that Durham, the historic university city, is the best bet for buy-to-let student accommodation. Daily Telegraph
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Uniqlo owner trumps Istithmar for Barneys
Barneys, the US department store, looked set to fall into Japanese hands after Fast Retailing delivered a possible knockout blow to its rival, Istithmar, the Dubai state-owned fund. The Times
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Morgan Stanley buys into Sunrise Senior Living
Morgan Stanley is paying $1.1bn (£539m) for a majority stake in the UK business of US nursing home group Sunrise Senior Living. Financial Times
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Tasty return for Out of Town Wosskow
A year after suffering a heart attack and seven months after walking away from Little Chef, Lawrence Wosskow has bought back Out of Town Restaurants Group, the shopping centre caterer he founded in 1992. Financial Times. The Times
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OnlineSt. Austell town centre redevelopment gets the go ahead
The £75m regeneration of St. Austell town centre has been given the green light after the South West of England Regional Development Agency (SWERDA) and David McLean Developments signed an unconditional agreement.
