All Property Week articles in 03 August 2007 – Page 11
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Carlyle pressed on Freeport bid
Carlyle Group must go through with its £155m takeover of outlet-centre developer Freeport unless it appeals by Thursday evening.
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Estate agents who dodge HIPs could be banned
The Office of Fair Trading has warned that estate agents who fail to comply with new Home Information Pack (HIPs) regulations could be banned from working.
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Irish investor buys £65m Lanarkshire centre
A Northern Irish investor has bought the Regent Centre shopping centre in Hamilton, Lanarkshire.
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Invista warns of market slowdown
In its interim result statement to the Stock Exchange published this morning, it also said that fund managers would not have the same opportunities to earn large fees in the second half of 2007.
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Irish spending shows no sign of letting up
Irish investors have spent almost €3bn (£2bn) buying properties overseas in the last quarter, according to a report published by Jones Lang LaSalle today.
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Israelis bag £1.3bn Swiss portfolio
Israeli investor Igal Ahouvi has teamed up with the fellow Israeli Delek group to buy the largest property portfolio ever sold in Switzerland.
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Qataris amass £3bn care home assets
Three Delta, the Qatar-backed investment fund that is trying to take over Sainsbury’s, cemented its position as one of the UK's biggest private providers of care homes yesterday, when it paid £270m for Care Principles. The Independent
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Carlyle bid for Freeport must proceed
The Takeover Panel said the Carlyle Group fund CEREP must proceed with its offer for shopping centre operator Freeport unless it intends to appeal against this ruling by 2 August. Daily Telegraph
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HMV sells Japanese branches for up to £70m
HMV Group, the music and book retailer, was last night completing the sale of its Japanese operations to a local private equity buyer for up to £70m. The Times
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Saudi Kingdom to build Seychelles Raffles
Kingdom Hotel Investments has bought a beachfront site in the Seychelles for a $137m (£68m) Raffles resort, comprising 90 hotel villas and 17 residential units. The Times
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Sale on menu of Covent Garden Restaurants
Covent Garden Restaurants has appointed Deloitte to advise it on a possible £25m-£30m sale of the business as the London restaurant and bar operator reviews its strategic options. The Times
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LaSalle fills up French fund
LaSalle Investment Management has bought a Paris office development for £25.1m (£16.9m) and 51 Auto Distribution car service centres for £85.3m for its LaSalle French Fund II. The Times
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Indian Trinity beats investment target
Trinity Capital, the Indian property developer that floated in April last year, raising £250m, said it is now fully invested six months ahead of its original timetable. The Times
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Imperial Wharf letters ‘may have been forged’
An investigation by Channel 4 and the Evening Standard’s Andrew Gilligan into ‘dozens’ of letters supporting a proposed 1,600-flat development on the banks of the Thames has found that some may have been forged. Financial Times
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City to offer flexible space for creative start-ups
The City of London is launching a programme of developments to address what it believes is a shortage of flexible space for start-up companies in the capital. Financial Times
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Private equity firms pot Rileys’ snooker halls
Georgica, the AIM-listed leisure group has sold the Rileys snooker business to Greenhill Capital Partners Europe and JO Hambro Capital Management. Daily Telegraph. The Times. Financial Times
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Brasserie Blanc to go to Gunwharf Quays
Raymond Blanc’s Brasserie Blanc restaurant chain has signed up to take space at Land Securities £200m Gunwharf Quays scheme in Portsmouth.