All Property Week articles in 04 December 2009 – Page 5
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Grosvenor’s Bournemouth Town Centre scheme given green light
Bournemouth Borough Council has resolved to grant planning consent for Grosvenor’s mixed-use development in the city centre next to the Dalkeith Arcade shopping centre.
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Minerva sells Wigmore Street HQ
Minerva has sold its Wigmore Street HQ to Standard Life Investment Funds for £40.75m representing a 20 per cent premium to its June book value.
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Independent Minerva director accuses Kifin of being ‘disruptive’
Minerva has reappointed Oliver Whitehead as the non-executive chairman of the company after Nathan Kirsh’s Kifin vehicle attempted to block his reappointment.
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PWTV: Property Come Dine With Me
Four property professionals invited each other, and PWTV, into their homes this week in the first Property Come Dine With Me.
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Invista reveals board changes
Robin Broadhurst, the former European chairman of Jones Lang LaSalle, is to resign from the board of listed fund manager, Invista Real Estate Investment Management, at the end of the year.
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Aldo steps into new Meadowhall store
Footwear retailer Aldo has signed for a new store at the Meadowhall shopping centre near Sheffield.
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What are your potential clients Googling?
More and more the internet is playing a crucial role in how the property sector does business and firms are waking up to the importance of having a good internet presence and understanding how to use the web.
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I've heard about a bizarre squatters' rights case where someone successfully claimed rights to the bed of the Thames.
Is that true? And does it change the score for landlords dealing with normal squatters?
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Ealing Broadway Shopping Centre signs New Look
Legal & General Property’s Ealing Broadway Shopping Centre has signed New Look for a new store and continued to increase footfall this year despite the opening of nearby Westfield London.
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Scottish Widows buys £260m Aviva portfolio
Aviva Investors has sold £260m of property, formerly part of the “Project Ed” portfolio, to Scottish Widows Investment Partnership Property Trust.
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Cushman: prime yields continue to soar
UK prime property yields continued to fall in November thanks to strong investor demand and a shortage of buying opportunities.
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Commercial property defaults double
The amount of commercial property loans in the UK which are in default doubled in the first half of 2009, according to the latest De Montfort bank lending survey.
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Allianz to occupy large City of London scheme
Commerzbank is in advanced negotiations to assign its lease at 60 Gracechurch Street in the City of London to insurance group Allianz.
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Lend Lease ponders move for ING retail property fund
Lend Lease Group, Australia’s largest property developer, may buy the ING Retail Property Fund to gain assets including the Joondalup shopping center in Perth and the Harbour Town complex on the Gold Coast.
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Japan housing starts set for 48-year low
Japan housing starts may drop to a 48-year low as a sluggish economy discourages homebuyers, Takeo Higuchi, head of the country’s largest home builder, said.
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Lone Star Funds targets $1.2bn for distressed securities
Lone Star Funds, the Dallas-based investment firm, has raised more than $1.2bn for two funds that will invest in commercial real estate and securities, according to a person familiar with the matter.
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HK developers shrug off bubble talk
Henderson Land Development and Sun Hung Kai Properties, two of Hong Kong's leading developers, have defied warnings about the risk of a bursting real estate bubble, predicting home prices will continue to rise substantially next year.
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US 30-year mortgage rate hit 38-year low
Mortgage rates generally fell again this week, with the average rate on 30-year fixed-rate mortgages reaching the lowest level in at least 38 years, according to Freddie Mac's weekly survey.
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India's Unitech to develop 30m sq ft
The country's second largest real estate developer Unitech today said it will invest Rs 4,000 crore in construction of up to 30m sq ft of residential and commercial spaces to be launched by next year.
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Henderson and USS have faith in retail parks
Henderson Global Investors has agreed an innovative deal with Universities Superannuation Scheme.