All Property Week articles in 06 February 2009 – Page 7
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NewsAzure sells five Texaco petrol stations
Azure Property, a joint venture between Palmer Capital Partners and RREEF Alternative Investments, has sold five Texaco petrol stations at an average net initial yield of 6.8% to private investors.
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NewsNew year brings hope for resi auction houses
Barnard Marcus and Harman Healy score 70%-plus success rates
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Markets
Owners attack West Berks council
Angry property owners claim West Berkshire Council has not paid them for properties it compulsorily purchased in October to make way for the Parkway scheme in Newbury.
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OnlineStarbucks cuts will cross Atlantic
Starbucks is evaluating its UK business following cuts in its US operations and is thought to have already put more than a dozen UK high street coffee shops on the market.
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News
L&G appoints funds researcher
Legal & General Property has appointed Adelaide Gray as specialist funds research manager for its 10 specialist funds
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OnlineMoroccan scheme appoints UK developer
Robinson McColl Architects & Designers has been appointed by UK developer James Bailey to design the Prince’s Club scheme in Agadir, Morocco.
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News
UK values appeal to investors
Valuers have placed the UK in a stronger position than the rest of the world by rapidly repricing its property
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OnlinePW reporter meets Anne Frank at Holocaust Memorial Day
Daniel Mendoza, Property Week columnist and partner at Ereira Mendoza, met Ellie Kendrick, star of the BBC’s The Diary of Anne Frank, at a lunch for the London business community last Thursday, Holocaust Memorial Day.
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Online
Jolly exits after Merrill Lynch restructuring
Veteran investment banker Chris Jolly, who joined Merrill Lynch a year ago, has left following a restructuring in the wake of its takeover by Bank of America.
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Professional
Advice on dealing with colleagues and taking a second job
James Max offers some answers to your workplace headaches
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MarketsAdvances in science
Aditi Shah reveals plans by the University of Reading for an 800,000 sq ft science park
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Professional
LandSecs’ ‘abuse of process’ claim heard
Legal firm Fladgate Fielder seeks to strike out £10m action in High Court
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ProfessionalQuestion: I am about to buy some land for development. However, I have learned there are badgers living in the area. Do I need special permission to build?
Badgers are a protected species by virtue of the Protection of Badgers Act 1992 and their presence on a development site can cause time delays, increased costs and potential adverse publicity.
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News
Two industrial buys net investors £80m
Two industrial investment transactions that total more than £80m have completed in the last two weeks.
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OnlineJones Lang LaSalle reports 68% drop in net profits
Property services firm’s CEO Dyer warns that year ahead will be ‘challenging’
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Online
Mould and Vaughan close in on £600m Meadowhall stake
Raymond Mould and Patrick Vaughan moved closer this week to securing a 50%, £600m stake in British Land’s Meadowhall shopping centre near Sheffield
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Online
Pooled property fund inflows double to £567m
Pooled property funds received £567m of new money in the fourth quarter of last year – double the amount in the previous quarter and a third higher than in the fourth quarter of 2007
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News
Wales’s NHS seeks £468m cure
The NHS in Wales is looking into further surplus property sales to meet a £468m repair bill on its operational portfolio.
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News
Auction loan applications up by 30%
The number of private investors seeking short-term loans for auctions increased by 30% in the last quarter of last year.
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Online
Madrid office goes for €23m
A private investor, advised by Savills, has purchased building 9 at 3 Via de los Poblados, Cristalia Business Park in Madrid from Inmoseguros for €23m (£20.5m), at a triple net initial yield of 6.5%.
