All Property Week articles in 05 December 2008 – Page 9
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News
Nakheel IPO could meet resistance
A potential IPO by the Dubai government-owned developer Nakheel will have to overcome a lack of investor interest, analysts say.
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News
Police hunt property executive
Police and investors are trying to track down the chief executive of Al Barakah, a property developer, in connection with Dh14 million (US$3.8m) worth of bounced cheques.
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News
Holiday confuses lenders
Britain’s biggest mortgage lenders were last night struggling to work out the details of a hastily arranged scheme designed to prop up the housing market and add lustre to an otherwise dull Queen’s Speech.
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News
Brown offers a mortgage lifeline
Homeowners facing the threat of repossession were yesterday offered a government lifeline in the form of a £1bn scheme that will allow mortgage interest payments to be deferred for up to two years.
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News
Shaftesburys assets down a quarter
Shaftesbury, the owner of property across the West End of London, has seen a quarter wiped off its net asset value over the past year.
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News
Property firm to the stars goes down
The plummeting property market claimed a host of celebrity victims yesterday when companies whose investors include Sir Alex Ferguson, Sir David Frost and Grant Bovey collapsed into administration.
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News
Sibir buys property to bail out shareholder
Sibir Energy, the London listed Russian oil company, shocked the market by agreeing to buy a property portfolio from one of its largest shareholders for $340m (£221m) to help relieve his financial difficulties.
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News
New Star to hand over bulk of company to banks
New Star Asset Management, one of the UK’s best known fund managers, has had to give up 75% of the business to its banks in a deal that will all but wipe out shareholders and see the company leave the stock market.
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News
US plan to push down new home laon rates
The US Treasury is working on a new plan to help revive the ailing housing market by reducing mortgage rates on new home loans, according to people briefed on the situation.
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News
Building set to plummet in key areas
The credit crunch has derailed government plans to use housebuilding as a means of regenerating some of England’s most vulnerable urban locations.
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News
Trump presses on with golf resort
Donald Trump says he is pressing ahead with plans for his controversial £1bn golf resort near Aberdeen, for which he recently received outline planning permission. The US developer also announced a local development team to work alongside Hawtree, the British golf course designers, and said he would refurbish the 14th ...
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News
Northern Rock offers respite
Northern Rock has joined a growing list of banks agreeing to help struggling homeowners by delaying the issue of repossession orders by six months. Last month it emerged that Northern Rock had seized 4,201 homes by the end of September, almost double its rate at the end of last ...
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News
Dawnay Day Treveria severs ties
The largest publicly quoted property fund run by Dawnay, Day has formally severed its links with the collapsed financial services conglomerate. Dawnay, Day Treveria, which sits on a €2.2bn (£1.88bn) portfolio of German retail properties, terminated its management contract with Dawnay, Day and announced plans to change its name to ...
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News
Barratt hopes to cut debt
The house builder said that it hopes to reduce its debts with the sale of £109m of assets from Wilson Bowden Development, the rival builder that it bought last year.
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Online
Lenders take control of New Star
New Star Asset Management's creditors have taken control of 75% of the company in a debt-for-equity swap aimed at securing its future.
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OnlineLSH chief Rigby joins new Wasps board
Lambert Smith Hampton chief executive Mark Rigby today joined the board of London Wasps after the rugby club was taken over by Steve Hayes.
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OnlineIndian property 'will not be heavily impacted by attacks'
The Indian property market will not be heavily impacted by the Mumbai terror attacks last week according to two AIM-listed Indian property companies.
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Online
Anglo Irish posts 37% drop in pre-tax profits
Anglo Irish Bank today posted a 37% fall in annual pre-tax profits and warned that it faced a period of lower profitability due to rising impairment charges.
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Online
Business Improvement Districts 'to suffer'
The Business Rate Supplement (BRS) Bill, announced in today’s Queen’s speech, may effect Business Improvement Districts (BIDs).
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OnlineGreen light for Kenmore’s Brum scheme
Kenmore has won planning permission for its £75m Snow Hill development in central Birmingham.
