All Property Week articles in 04 April 2008 – Page 10
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OnlineTake-up slows down among city
Office take-up by the financial sector in the City of London has plummeted as the impact of the credit crunch ploughs on, Atisreal said today.
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OnlineGrosvenor appoints new US chief executive
Grosvenor has appointed Andrew Bibby as chief executive of its US and Canadian division.
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OnlineNetwork Rail picks Kier for £500m station revamps
Network Rail has chosen Kier to partner it for a £500m redevelopment of six of its stations across the South East.
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Crown completes £90m Oxford Street sale to Resolution
The Crown Estate has completed the sale of the Quadrangle block on London’s Oxford Street to Resolution.
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Blackstone raises world’s biggest property fund
Blackstone Group has completed the fundraising on the world’s biggest property opportunity fund.
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Online
Central London property investment volumes down says Cushman & Wakefield
Central London’s commercial property investment levels for the first quarter of the year have dropped to their lowest level for three years as the fall out from the credit crunch continues to impact the market, says Cushman & Wakefield.
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Online
ProLogis plans green developments
ProLogis has pledged to build all its new space in the UK to the top environmental standards.
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OnlineIrish retail market starts to show signs of strain
Concerns about rising unemployment, a stagnant housing market and less favourable economic prospects are starting to impact on consumer spending patterns in Ireland, says CB Richard Ellis.
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News
Overwhelmed First Direct halts new mortgages
First Direct has suspended new mortgage lending after being swamped by applications. The decision was taken after rival banks withdrew their mortgage deals because of worsening conditions in the money markets. Financial Times, The Times, Daily Telegraph
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News
London property woes continue
The UK commercial property investment market struggled to find its feet in the first quarter of this year after the bruising slide in values continued. Financial Times, The Times
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News
Flood of buy-to-let looms as investors cash in
Former buy-to-let property is set to flood the market next week as investors look to capitalise on the drop in capital gains tax to dispose of unwanted property no longer appreciating in value. Financial Times
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News
Land Securities gears up for break up
Land Securities is accelerating its plans for a three-way break-up and confirmed that sales talks were still continuing with bidders for the company’s Trillium property outsourcing and PFI division, worth about £1.5bn. The Times, Daily Telegraph
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News
Plan for 'green neighbourhoods' to be revealed
Plans for 100 'green neighbourhoods' will be laid out today by Hilary Benn, environment secretary, as the government faces criticism for failing to cut carbon emissions from Britain’s old housing stock. Financial Times
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Zero-carbon homes unpopular with buyers
Homeowners may be unwilling to make the leap to 'zero-carbon' homes and are worried about the potential costs involved, a survey has found. Financial Times The study, commissioned by the National House-Building Council, found that most people were unaware of what constituted a zerocarbon home and were put off by ...
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News
House prices come to a halt
House prices in England and Wales ground to a halt in January, with a zero increase, according to Land Registry figures. Prices fell in seven out of ten regions, but rose in the West Midlands by 1.3%. The Times
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News
Capital & Regional completes sale
Capital & Regional, the co-investing property asset manager, said its Junction Fund has completed the sale of Great Western Retail Park in Glasgow to Resolution Properties for £58.5m. The Times
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Resolution buys Glasgow retail park
Resolution has completed the purchase of the Junction Fund’s Great Western Retail Park in Glasgow for £58.5m.
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OnlineDeka buys 50 Finsbury Square in the City of London
Standard Life Investments has confirmed the sale of 50 Finsbury Square to German open ended fund manager Deka for around £113m reflecting a net initial yield of around 5.5%.
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Online
Colonial to sell stake in SFL
Troubled Spanish property company Inmobiliaria Colonial is to sell its majority stake in Société Foncière Lyonnaise in a bid to reduce its debts.
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OnlineTargetfollow submits £125m Norwich plans
Targetfollow has submitted a planning application for the £125m regeneration of the south side of Norwich City Centre.
