All Property Week articles in 05 December 2008 – Page 11
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Mortgage securities set for overhaul
Financial institutions are set to overhaul standards for mortgage securities to give investors, servicers and rating agencies greater certainty over credit quality and how home loans can be changed when borrowers fall behind on payments.
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Anxiety as Fed extends emergengy lending
The US Federal Reserve said yesterday it was extending the life of three emergency lending programmes aimed at thawing the credit markets.
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Tesco down but beats forecast
Tesco endured its worst UK sales performance for more than a decade but its shares rose the most in 20 years after evidence that heavy discounting was starting to attract customers.
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FSA says Halifax tracker loans must fall in line
The FSA said yesterday that more than half a million Halifax customers on tracker mortgages should benefit from further interest rate cuts even though the small print on their loans supposedly prevents them from doing so.
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Telford Homes posts loss
The property developer reported half-year pre-tax losses of £1.1m, from £3.5m a year ago, amid the 'toughest trading' in its history.
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Mortgage collars deny cut benefits
Up to a million homeowners may not see the full benefit if, as expected, the Bank of England reduces interest rates by a full percentage point tomorrow.
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Bovey left to Imagine what might have been
Property empire falls after collapse of furnishings business follows Imagine Homes takeover
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Pettifer Construction goes into administration
Pettifer Construction, the Warwickshire based construction company, has gone into administration.
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Stobart buys Southend airport
Stobart, the transport group, has agreed to buy London Southend Airport for up to £21m.
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BNP Paribas buys Aberdeen Property Investors Belgium
BNP Paribas Real Estate Property Management has bought Aberdeen Property Investors Belgium.
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Met Police close to buying iconic Scotland Yard HQ for £120m
The Metropolitan Police is close to buying its own headquarters, New Scotland Yard in central London, from Land Securities for £120m.
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Ashwell founder Thwaites steps down
Ashwell founder Paul Thwaites has stepped down from his role as chairman of the Cambridge-based property company.
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Frontier sells Old Queen Street building for £8.5m
Frontier Estates has sold 37- 41 Old Queen Street, close to London’s St James’s Park, for £8.5m, just five months after acquiring the building for £7m.
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CBRE and JLL plummet on Wall Street
Shares in CB Richard Ellis and Jones Lang LaSalle plunged on Wall Street yesterday amid a raft of poor economic news.
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MJ Mapp sets up shopping centre team
Property management specialist MJ Mapp has set up a shopping centre team.
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Tesco reports UK sales up by 5.9%
Tesco, the supermarket retailer, has reported UK sales growth of 5.9% for the 13 weeks to 22 November, despite a tough retail climate.
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Corovest’s Stockport scheme gets green light
Stockport Borough Council has granted planning permission for a 26,300 sq ft mixed-use scheme along the River Mersey in Stockport on a gateway site at the junction of Heaton Lane and King Street West.
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Computer company flies in to Heathrow
Orbit Developments has let 13,395 sq ft to IT company Patni Computer Systems for its new European headquarters at Strata House, near Heathrow Airport.
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Dubai prices could fall for three years
After rising sharply in the past year, property prices in Dubai may decline for the next two to three years, according to a report that tracks property investment opportunities in international markets.
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REITs pounded as markets dive
REIT stocks lost nearly one-fifth of their value in one of the worst trading days ever for real estate companies.