All Property Week articles in 04 March 2011 – Page 8
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OnlineWestfield unveils images of first Stratford offices
Westfield has completed the first 130,000 sq ft office building in its 1.1 million sq ft office development at Westfield Stratford City.
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OnlineTIAA-CREF buys half of Google’s London HQ
The US teachers’ pension fund has been confirmed as the buyer of Henderson Global Investors’ 50% stake in Google’s London HQ, as revealed by Property Week (03.12.10).
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OnlineSunderland council buys Vaux brewery site for £22m
Sunderland City Council, regional development agency One North East and the Homes and Communities Agency (HCA) have bought the 26-acre former Vaux brewery site from Tesco, ending a 10-year row over the site’s future.
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OnlineDJD delivers Manchester ITV studios masterplan
Drivers Jonas Deloitte has advised on a masterplan to regenerate Manchester’s Water Street area with the creation of a mixed-use scheme surrounding the site of the former Coronation Street set.
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DevSecs cautious as market still lacks “clarity”
Development Securities today issued a cautious statement on the outlook for the property sector, alongside its results for 2010. The company said that it expected to see more opportunities to put its cash to work in developments as banks begin to unwind their exposure to unwanted property loans, but that ...
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Safestore appoints new chief executive
Peter Gowers has today taken over as chief executive of listed self-storage business Safestore following the retirement of Steve Williams.
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OnlineHMV in talks with lenders after profit warning
Retailer HMV said in a trading update today that it was in talks with its lenders to avoid breaching debt covenants at the end of the financial year.
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HCA consults on HomeBuy rationalisation
The Homes and Communities Agency has today detailed its plans to centralise the HomeBuy network by rolling 13 organisations in England into a single national body.
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Countrywide buys north-east agency
Countrywide has bought north-east residential lettings agent Property Quarters, which operates offices out of North Shields and Whitly Bay.
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Panattoni and Pramerica find occupier for Stuttgart shed
Panattoni Europe, the warehouse developer, said today it had begun to develop a 16,400 sq m shed near Stuttgart, as part of its new joint venture with Pramerica Real Estate Investors.
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Danish retail group seeks Irish expansion
Bestseller Retailer Group has launched a search for 30 new stores across Ireland, a venture which it said will create over 200 jobs in the next 12-18 months and shows confidence in the Irish market.
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Henderson buys £33m Cambridge retail asset
Henderson Global Investors has bought Christ’s Lane, a high street asset in Cambridge, from Land Securities for £33.16m, representing a 5.25% net initial yield.
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Think tank urges government to steer clear of 1980s-style enterprise zones
A leading independent think tank has urged the coalition to steer clear of introducing 1980s-style enterprise zones in the March budget as it attempts boost urban regeneration across the UK.
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Raven Russia agrees $54.4m Moscow shed purchase
Raven Russia has agreed to buy a warehouse in the Domodedovo district of southern Moscow, close to the international airport.
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OnlineTesco agrees £170m Chinese shopping centre JV
Supermarket giant Tesco has signed an agreement to set up a joint venture to develop shopping centres in China.
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OnlineFoyles set to relocate to St Martin's School of Art
Foyles is to relocate its world famous Charing Cross Road bookstore 15 yards down the road to the redundant Central St Martin’s School of Art.
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US money manager forms Helical Barts jv
Helical Bar has formed a joint venture with US money manager Baupost to buy a giant City of London site at St Bartholomew’s hospital.
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OnlineI am about to enter into a joint venture to own a property through a corporate vehicle.
I will have the minority stake in the vehicle. What protections should I seek in the joint venture documentation?
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Comment: the Community Infrastructure Levy will only help areas with development already
Localism is the new buzzword in the planning system. The new ideology is all about devolving power to local communities.
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Prism shines on £300m Edinburgh scheme
Canadian development company Prism is understood to be on the brink of agreeing to unlock Edinburgh’s biggest stalled development site, the 9-acre Caltongate scheme in the city centre.
