All Property Week articles in 03 August 2007 – Page 9
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Derivatives levels drop 67% in second quarter
The value of UK property derivatives trades executed in the second quarter of this year dropped almost £2bn compared to quarter one, figures released yesterday revealed.
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Segro confirms US sell-off
Segro confirmed the sell-off of its US arm to US REIT HCP Group for $2.9bn (£1.4bn).
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Market turmoil halts M&B joint venture
Volatility in the debt markets has halted the £4.5bn joint venture between pub chain Mitchells & Butlers and Robert Tchenguiz.
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Debt-burdened banks in credit chaos
Global markets were on a rollercoaster again yesterday as jitters over the credit markets refused to die down and companies worldwide began to feel the repercussions of the subprime lending crisis. Daily Telegraph. The Times. Financial Times
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UK begs for £125m EU flood aid
Britain is to apply for £125m in emergency European Union funding to help pay for damages from last month’s floods. Financial Times
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City farmers push up land prices
The price of farmland is rising at its fastest rate since 1977 amid a surge of demand from City bankers and other professionals. Financial Times
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Von Essen adds haunted castle to roster
Von Essen Hotels, the company that owns Cliveden, the Berkshire mansion where Christine Keeler romped naked in the swimming pool, is understood to be close to paying £15m for Amberley Castle, a 900-year-old edifice in West Sussex that has been run as a luxury country house hotel for almost 20 ...
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Pier owner buys Ilva
Troubled furniture retailer Ilva has been sold to an Icelandic furniture group that owns rival UK furniture retailer the Pier. Daily Telegraph
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HIP warning to estate agents
Estate agents could be forced out of business if they fail to comply with home information pack regulations came into force yesterday. The Times
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Green light for Wolverhampton ‘racino’
Arena Leisure, the racecourse operator, has received permission to build Britain’s first combined racecourse and casino as part of a £23m expansion of its Wolverhampton track. The Times. Financial Times
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Kingfisher’s £73m B&Q Notts sale
Kingfisher has carried out a £73m sale and leaseback on its B&Q distribution centre in Nottinghamshire. The Times
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Central London take-up on the up
Chartered surveyors are at their most confident since 2001 of future rent rises, data from the Royal Institution of Chartered Surveyors show. The Times
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War injured win ‘home from home’ fight
Plans for a ‘home from home’ for families to visit injured servicemen at Headley Court rehabilitation centre in Surrey were approved last night. Daily Telegraph
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Flannels takes to Liverpool One
Fashion retailer Flannels has signed for a second store at Grosvenor’s £950m Liverpool One scheme.
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Warner buys City's Cable House
Warner Estate Holdings has bought Cable House, 56-62 New Broad Street in the City of London.
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Greek shipping magnate buys Telegraph HQ
Achilleas Kallakis has bought the Barclay brothers’ Telegraph Newspapers headquarters in London’s Victoria.
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UBS Triton appoints Savills for Birmingham centre
UBS Triton Property fund has appointed Savills to manage The Pavilions Shopping Centre on High Street, Birmingham.
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Carlyle to complete Freeport takeover
Carlyle Group will go through with its takeover of Freeport after it chose not to appeal the decision forcing the sale through.
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Vernon joins Ishaan board
AIM-listed Indian property investor Ishaan Real Estate has bolstered its board with the appointment of Green Property founder Stephen Vernon as non-executive director. Vernon is chairman and chief executive of Irish-based development and investment group Green Property , and also sits on the boards of the UK ...
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Irish returns continue to grow
Irish commercial property produced total returns of 3% in the second quarter of the year, up from 2.2% in the first quarter.
