All Property Week articles in 05 December 2008
View all stories from this issue.
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Online
APC Advice - Week 22: Supervisor and counsellor review (part 1)
Jon Lever gives you an intoduction to the twelve-month meeting, and Ben Elder looks at the competency on leasing and letting
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OnlineHammerson submits plans for £100m Southampton development
Hammerson has submitted plans for its £100m Watermark West Quay development – the third phase of its West Quay shopping centre scheme in Southampton.
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OnlineGo ahead for £45m Northern Gateway project
Cannock-based Pritchard Group has been given the green light to build a £45m hotel and ‘Employment and Innovation’ centre on the Stafford Road in Wolverhampton.
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Online
John Laing joins council for Tunbridge Wells plan
John Laing has signed a partnership agreement with Tunbridge Wells Borough Council to regenerate four Kent towns – Royal Tunbridge Wells, Cranbrook, Paddock Wood and Southborough.
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Online
Galliford appointed to develop Gloucester College site
Galliford Try has been appointed by the Homes and Communities Agency to redevelop a six acre site in Gloucester.
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News
REITs booted from share indices
The turmoil of the past year has taken the final toll on several once-mighty real estate investment trusts, which have lost close to 90% of their market value and are no longer eligible to hold a position in any key sharemarket index.
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Construction set for 10% fall
After growing at a rate of 20% year-on-year over the past few years, overall construction costs are expected to fall.
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News
Thaksin's daughter buys HK$45m house
The youngest daughter of former Thai prime minister Thaksin Shinawatra bought a luxury home in Ho Man Tin for HK$45 million last month, according to transaction information at the Land Registry.
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Ruwaad S Africa scheme faces protest
A Dubai developer’s plan to build one of the largest leisure and shopping centres in Africa faces protests from a community group that blocked a major motorway last week to demand the local government back out of the agreement.
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SHKP sales better than expected
Strong demand at two residential projects launched by Sun Hung Kai Properties at the weekend could encourage rival developers to bring postponed launches forward, analysts said.
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Melbourne set for collapse
Melburnians can expect to see fewer cranes in the sky next year as commercial projects are shelved and builders struggle to maintain their usual volume of work.
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Mortgage woes hit record levels
Despite government and industry efforts, the number of homeowners falling behind on their mortgages or already in foreclosure climbed during the third quarter and is poised to accelerate as the country's recession deepens, according to industry data released yesterday.
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RICS warns commercial property slump worse than 70s
The slump in the commercial property market will be worse than the downturns of the 1990s and 1970s, according to the RICS.
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Online
Knight Frank bucks trend
Staff at upmarket estate agent and commercial-property consultancy Knight Frank have defied the credit crunch to bag £46m in bonuses this year.
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Home agency eases rules
The head of Britain’s new property super-quango has relaxed its rules governing housing grants to prevent a collapse in the provision of affordable homes in the wake of the credit crunch.
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House price outlook gloomy
The survey by the RICS, due out tomorrow, is expected to show 83% more surveyors reporting that prices fell rather than rose during November, compared with 82% in October.
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HSBC plans to double mortgage lending
HSBC yesterday bucked the trend for banks to pull out of the shrinking mortgage market by announcing plans to make £15bn of loans to UK homeowners next year – double the equivalent amount it lent last year.
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New Star lenders keen on quick sale
The banks which last week seized control of New Star Asset Management have asked the company’s advisers to sound out rivals about a takeover of the once-stellar City fund manager.
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News
Dubai banks slash staff
Goldman Sachs and Morgan Stanley have cut 10% of their staff in Dubai as the economic downturn hits the Middle East’s financial hub.
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UBS to axe 4,500 jobs
UBS is drawing up plans to slash a further 4,500 jobs, according to reports in Switzerland.
