All Property Week articles in 04 July 2008 – Page 11
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Newham causes a stink over National Grid Property's 1,500 homes plan
Newham Council last night called for the London Thames Gateway Development Corporation (LTGDC) to scrap a proposal to build 1,500 houses and a nursing home next to Europe’s largest sewage works.
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Greene King investigates REIT move
Listed pubs group Greene King is investigating the option of converting to a REIT but remains to be convinced the tax-efficient structure will deliver long-term economic value for shareholders.
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Boris plans 'Low Carbon Zones' for London
Mayor of London Boris Johnson has revealed plans for ten ‘Low Carbon Zones’ to be set up across London by 2012.
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LandSecs wins approval for Northfleet
Land Securities has won approval for its 1.8m sq ft masterplan for Northfleet Rise, close to the site of the new Ebbsfleet International Station in Kent.
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Government kicks off public sector property review
The Government has launched a major review of its property in a bid to cut costs and improve efficiency.
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Swedish government sells Vasakronan to pay down debt
The Swedish government has sold property company Vasakronan for SEK41.1bn (£3.5bn) as part of its privatisation drive
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Shares jump after Invista trust restructure
Shares in Invista Real Estate Investment Management’s listed property trust jumped 8% this morning after the company revealed the results of a strategic review
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Ministers move to aid housing market
Measures designed to prop up the ailing housing market were pushed out by ministers yesterday amid a blizzard of bad news for the sector.
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Falling prices 'will not aid affordability'
Falling house prices will do little to improve the affordability of homes for too many people, according to a report published today by the National Housing and Planning Advice Unit, a government advisory body.
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Equity releases weakest since 2001
Housing equity withdrawal was the weakest since 2001 in the first quarter of this year, according to data that suggest falling house prices and tough credit conditions have deterred people from borrowing against the value of their homes.
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Taylor Wimpey ponders firesale
Shares in Taylor Wimpey spiked in the last minutes of trading yesterday, as an unknown investor looked set to try to resuscitate the house builder’s botched share placing.
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UK attracts record inward investment
Britain attracted a record level of overseas investment last year, according to official figures released yesterday that showed more than 100,000 jobs had been created or protected in a fifth successive year of growth.
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City welcomes migrant pledge
City leaders have welcomed a government pledge to work with them on ironing out problems with the new points-based system for migrant workers that many fear could reduce London’s competitiveness as a global financial centre.
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PIK Group buys in Rostov
PIK Group, the Russian property developer, said that it had acquired a 61-acre plot of land in the Rostov region and anticipated an investment of $650m (£326.5m) in the project.
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US housing problems 'likely to persist'
The US housing slump is likely to be extended and 'continues to pose a considerable downside risk to the US economy', Hank Paulson warned in a speech in London yesterday.
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Bloom’s company to be taken over by Irish developer as it breaches bank covenants
Equable Properties, the AIM –listed company run by veteran property entrepreneur Desmond Bloom, has secured a corporate deal with an Irish developer but revealed that it has breached banking covenants on the debt securing a portfolio of pubs.
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Carlyle and Crown buy biggest New York retail investment this year
Global private equity firm The Carlyle Group and Crown Acquisitions, founded by Stanley Chera, have bought the controlling interest in the retail element of 666 Fifth Avenue for $525m (£263.3m).
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Petrol costs hit out-of-town centres
Out-of-town shopping centres are bearing the brunt of the consumer slowdown, with high petrol prices persuading shoppers to stay close to home, according to research from Experian.
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House price fall worst since early 90s
House prices continued to decline last month and are now lower than a year ago across all regions of England and Wales, according to a survey that offers little hope of the market improving.
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Countrywide eyes Halifax estate agency
Countrywide recently made a tentative approach to buy the Halifax chain of estate agents from HBOS, showing the private equity-owned company is prepared to examine possible acquisitions even with the housing market in free fall.
