All Property Week articles in 06 February 2009 – Page 2
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1m run home to mother
Young and not-so-young Britons are returning to live with parents en masse as the credit crunch makes mortgages more unavailable. In spite of falling house prices and interest rates, a survey for high street bank Abbey estimates that more than 1m young people, dubbed 'baby boomerangers' by the bank, have ...
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Engineering keeps builders afloat thanks to public money
The decline in the construction industry appears to have levelled off in January, with civil engineering recording its first year-on-year rise in contracts since last March.
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HelioSlough plans inland port
HelioSlough has revealed plans to develop the UK’s first inland port in Rossington, Doncaster.
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CBRE Investors gets planning consent for Maidenhead office scheme
CB Richard Ellis Investors has received planning permission from the Royal Borough of Windsor and Maidenhead Council for its 35,000 sq ft office development One Bridge Avenue in Maidenhead town centre.
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CBRE Global InSight episode one
Our first CBRE Global InSight focuses on the UK and London markets and will be presented by Peter Damesick, CBRE's UK head of research.
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Umbro signs at Cheadle Royal in south Manchester
Sportswear retailer Umbro has signed a new 10-year lease at Lakeside 5000 at Cheadle Royal business park in South Manchester.
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Sovereign wealth fund makes Asian debut
St Martins, the property company of Kuwait’s sovereign wealth fund, has bought a 27-storey residential tower in Tokyo for JPY 13bn (£105m) in its Asian debut.
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OnlineEmpty Rates: RICS and LSH call for evidence from you
The Royal Institution of Chartered Surveyors (RICS) and Lambert Smith Hampton (LSH) have partnered to gather evidence from property professionals about the impact of empty rates tax.
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Treveria makes sales in 'more resilient' German market
AIM-listed Treveria completed E76.2m (£66.2m) of property sales in the last quarter of 2008 to weather the downturn in the ‘more resilient German market’.
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Sheffield City Council to set up local housing company
Sheffield City Council has kick-started plans to form a local housing company that could build around 2,500 homes in the city in the next 10-15 years.
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Europe set for new toxic debt wave
More toxic debt soon could come crashing through the global financial system. The surprising source: Europe Inc. Once-stodgy Old World companies, from cement makers to phone operators to chemical companies, went on an unprecedented borrowing spree over the past decade that has left them up to their necks in debt. ...
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Mortgage plan bogged down
While senior Obama administration officials are finalizing the central elements of their rescue plan for the banking system, they are not as far along in working through the daunting details of how to spend as much as $100bn to help homeowners facing foreclosure, two sources close to the discussions said ...
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Moody's to review mortgage backed bonds
Moody's Investors Service launched a sweeping review of its ratings on bonds backed by commercial-real-estate mortgages, responding to tumbling property values and soaring defaults.
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Lend Lease plunges 16% on hedge mistake
Lend Lease shares crashed more than 16% after hedge funds took a wrong bet on a successful $302.5m capital raising.
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Mirvac shares up on debt deal
Mirvac Group said today it agreed terms for a new unsecured debt facility of $805m, replacing an existing $1.1bn syndicated facility that had been due to expire in June.
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Call for Beijing to bail out property
Struggling mainland property developers should be allowed to go, hard hat in hand, to Beijing for bailout funds, economists have said.
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HK negative equity rises
The ability of Hong Kong homeowners to pay their mortgages remains intact despite the slower economy and a big jump in negative equity, bankers say.
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Abbey provides one third of home loans
Abbey provided almost a third of Britain’s mortgages last year as it withstood the worst of the financial crisis to post a 20% increase in profits to £991m.
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Zara plans stores in India
Inditex, owner of the Zara fashion chain, yesterday announced plans to break into the Indian market through a joint venture with Tata Group, the country’s largest business conglomerate.
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In-line results boost Bellway shares
Home sales by Bellway, the UK’s third-biggest housebuilder, fell 38% in the six months to 31 January amid moribund housing and mortgage markets.
