All Property Week articles in 04 September 2009 – Page 4
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Dubai regulator introduces ID cards
The Dubai property regulator has started issuing identity cards to brokers as part of its clean-up of the sector.
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Dubai unconcerned by debt says Sheikh
Dubai ruler Sheikh Mohammed Bin Rashid Al Maktoum said he is 'not worried' about the emirate’s ability to repay at least $4.52bn of debt this year.
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Japanese REIT to vote on rescue
New City Residence Investment Corp.’s creditors will vote on Lone Star Funds’ revised plan to buy Japan’s first failed property trust at a meeting scheduled to begin this afternoon local time at Tokyo district court.
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Wealthy 'opting for Chapter 11'
Wealthy individuals’ Chapter 11 bankruptcy filings jumped 73% in the second quarter from a year earlier, according to the research firm National Bankruptcy Research Center.
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Commercial bank mortgage defaults to top 1992 level
The default rate on commercial mortgages held by US banks will rise to 5.4% in 2011, the highest since at least 1992, as banks anticipate more losses amid falling rents, according to Real Estate Econometrics.
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Squatters target Mayfair gems
An artists’ collective that has taken to squatting in some of London’s finest residences has moved into two Mayfair properties valued at a combined £50m.
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Councils face pressure to build homes
Councils are under too much pressure to build new homes rather than improving existing properties, according to the Audit Commission.
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Output offers recession fillip
New figures on industrial production have fuelled belief that Britain may have already emerged from the worst recession in postwar history.
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Galliford on Scottish Water list
Galliford Try has said that Morrison Construction, its infrastructure division, has been chosen as one of a 17-strong £2bn framework of suppliers for Scottish Water, the utility.
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UK slides down economic league
The impact of recession, the near collapse of the financial system and the parlous state of the public finances have pushed the UK down the international league table for competitiveness, according to a new authoritative survey.
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Albemarle gets green light for Surrey development
Albemarle Egham has won planning consent for a £35m town centre scheme in Egham, Surrey, to be occupied by Waitrose and Travelodge.
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Regent Developments launches Nottingham office scheme
Regent Developments has begun plans to develop an office scheme at a key location on Junction 25 of the M1 motorway near Nottingham.
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Canada Life pays £28m for Co-op shed
Canada Life has confirmed it has forward funded ProLogis’s 503,577 sq ft distribution shed prelet to Co-operative Group at Newhouse near Glasgow.
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Andrew Hynard appointed chairman of Jones Lang LaSalle England
Jones Lang LaSalle has appointed Andrew Hynard as chairman of its English business, following John Stephen’s retirement at the end of October 2009.
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National Football Museum considers Manchester move
The National Football Museum is considering a move to Manchester’s Urbis exhibition centre.
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MP Rosie Winterton launches UPP student accommodation in Leeds
Minister for Yorkshire and the Humber Rosie Winterton has opened the University Partnerships Programme’s (UPP) Carnegie Village student accommodation scheme at Leeds Metropolitan University’s Headingley Campus.
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Invesco seals deals in Edinburgh and Orleans
Invesco Real Estate has bought a building in Edinburgh and funded an extension of a logistics property in Orleans, France, for €75m in total.
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TFL secures £1bn Crossrail loan
Transport for London (TFL) has secured a £1bn loan from the European Investment Bank (EIB) to finance the Crossrail project.
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PW PODCAST: Online house-buying visits surge in August.
House-buying website Rightmove experienced its busiest ever day in August, a sign that strong levels of consumer demand have returned to the sector.
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Kier buys Telereal Trillium’s Kent schools projects
Kier Group has bought Telereal Trillium's investment in Kent's first Building Schools for the Future (BSF) Local Education Partnership (LEP).