All Property Week articles in 05 December 2008 – Page 3
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News
Rate cuts fail to lift Bellway
Successive interest rate cuts and government intervention have not yet come to the aid of the troubled housebuilding sector, according to Bellway, which revealed sales at less than half last year’s level.
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News
Banks still seeking clarity on mortgage plan
Bankers pressed the Treasury yesterday for clarity on a scheme to let homeowners facing repossession defer interest payments, amid confusion over who would be eligible, how claims will be policed and whether banks will be charged a fee.
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News
US Fed cheif urges action on foreclosures
Ben Bernanke, chairman of the US Federal Reserve, yesterday urged more aggressive action to stem home foreclosures.
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News
Credit Suisse slashes 11% of staff
Credit Suisse yesterday said it had lost a net SFr3bn (£1.7bn) in the two months to the end of November and would axe about 11% of its workforce, principally in investment banking.
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News
Heathrow runway stalled amid split cabinet
The decision on whether to go ahead with building a third runway at Heathrow was delayed by the government yesterday amid cabinet splits over the controversial project.
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Online
Citicourt secures funding for UK investment drive
Citicourt Investment Partners has secured funding from investors in New York and the Middle East for a UK investment drive.
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News
RO and Urban Switch in Reading
RO Developments and Urban Switch have won planning consent to refurbish two office buildings totalling 65,000 sq ft on Basingstoke Road at Manor Farm in Reading.
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Professional
Subsidiary question
My tenants’ lease is expiring and they want to renew. They’ve been good tenants, but the lease is in the name of a dormant subsidiary which is a poor covenant. Can I insist on their quoted parent company taking the new lease?
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Insight
Prepack shuffles
Laura Chesters lifts the lid on the ‘prepack’ administrations that deal struggling retailers and their buyers the best hands and leave landlords with the jokers
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Markets
Sargeants’ orders
A former Victorian asylum is the latest in a string of historic buildings to be redeveloped by ambitious, family-run renovation specialist City & Country.
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Online
Scoop! somebody sells office!
Investment agents in the City may be bearing the brunt of the property downturn but they certainly haven’t lost their sense of humour.
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News
Post-crunch RICS needs to reconsider regulatory role
Sir, I have read with interest the discussion about the global economy, but consider there are more issues that need addressing.
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Professional
Scottish Resources mines property team
Scottish Coal owner appoints team to manage 25,000 acre estate
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Markets
The market in minutes
Christine Eade gives you the lowdown on all the sectors across the region
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News
Managing Partners on Pompey street
Managing Partners, a London-based fund manager, is attempting to buy up an entire street of 48 houses in Portsmouth.
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Markets
Make-up take-up
Beauty product supplier Sally Salon Services is giving the trade counter a retail-style makeover with its expanding chain.
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Online
Worried Woolies landlords wait for white knights
Dragon’s Den star Theo Paphitis, and Tesco and New Look among bidders for fallen giant’s stores
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News
Kent Thameside Waterfront
Kent Thameside Regeneration Partnership launched its strategic framework for the Kent Thameside Waterfront at the Thames Gateway Forum last week.
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Markets
Three Trade Investors’ units let
Three units have been let at Trade Investors’ 279,515 sq ft Minworth Trade Park scheme at Sutton Coldfield, on the A38 north-east of Birmingham.
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News
Treveria internalises manager
Treveria, the AIM-listed German retail investor, is to internalise its asset management after terminating its tie-up with external manager Dawnay Day.