All Property Week articles in 05 December 2008 – Page 10
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Mercantile Group buys Vincent Tchenguiz’s Chesterton stake
Salah Mussa’s Mercantile Group has bought Vincent Tchenguiz’s 50% stake in estate agency Chesterton for an undisclosed sum.
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La Salle buys Wrexham shopping centre from Wilson Bowden
La Salle Investment Management has exchanged contracts to buy Wilson Bowden Developments’ Eagles Meadow shopping centre in Wrexham.
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Hotel group in administration
Privately owned Folio Hotels has reportedly called in administrators following a decline in trading and failed negotiations with landlords.
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Goodman gets green light in Andover
Goodman has won a long-fought battle to get planning permission to redevelop Andover Airfield in Hampshire.
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Photography competition winners to be announced
The winners of the Property Week and Drivers Jonas photography competition will be announced at this Friday's 1st Friday Property Awards in London.
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Engel East issues profit warning
Engel East Europe, the central and eastern European AIM-listed developer, has issued a profit warning.
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Northern Irish scheme unveiled to rival Westfield
Northern Ireland’s Michael Herbert has submitted a planning application for a 260,000 sq ft department store at the Bow Street Mall in Lisburn, Northern Ireland.
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Treveria terminates Dawnay Day link and shakes up strategy
German property investment company Treveria has terminated it management agreement with the collapsed Dawnay Day Group and changed its operating strategy.
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Manhattan swamped with office space
Last year, when the New York real estate market was still frothy, large blocks of office space were hard to come by. Not anymore.
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Beazer 4Q loss grow as revenue dives
Homebuilder Beazer Homes USA Inc. gave Wall Street a double-shot of discouraging news Tuesday: Its fiscal fourth-quarter loss more than tripled from a year ago and it expects to lose money throughout 2009.
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Oz economy hits the skids
Australia's economy slowed sharply in the September quarter, validating the Reserve Bank's decision to wind back three years of interest rate rises in a little over three months.
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HK looks to mainland to fill surplus space
Hong Kong office landlords are increasingly looking to mainland firms and especially big financial institutions to take up space being vacated by existing tenants.
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Whitehall Funds struggle and face losses
Goldman Sachs Group Inc.'s Whitehall family of real-estate funds is struggling with weak performance and potentially big losses on some investments made at the top of the real-estate market.
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Uttoxeter plans overhaul of JCB town centre site
McDowell + Benedetti has won the competition to masterplan the redevelopment of JCB’s Heavy Products site in Uttoxeter, Staffordshire.
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Mortgage squeeze set to tighten says CML
Lenders warned last night that consumers would face continued 'mortgage rationing', with a 'worsening of the picture next year' unless the government stepped in to support the industry.
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Plans unveiled for St Petersburg's eastern fringes
Architect HOK has unveiled a master plan for St Petersburg aimed at regenerating the eastern fringes of the historic city.
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Government crisis response slammed
The Government's response to the mortgage lending crisis has been confused and ineffective critics warn, with calls for new solutions gathering pace as repossessions rise and mortgage lending figures continue to plummet.
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Building sector in sharp contraction
The construction sector suffered a further sharp contraction in November, driven largely by a fall in house building activity, which fell to its lowest level on record, according to a closely watched measure.
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Metrovacesa owner in swap deal
The Sanahuja family, leading shareholders in Metrovacesa, Spain’s biggest property company, said they had reached a debt-for-equity deal with creditor banks, which would take a 54% stake in the group.
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King Sturge to cut up to 80 jobs
King Sturge is to lose 60-80 London jobs through a redundancy consultation announced to staff yesterday.