All Property Week articles in 06 March 2009 – Page 12
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Scottish & Newcastle appoints Chirs Moore as property director
Chris Moore has been appointed property director for Scottish & Newcastle Pub Enterprises.
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OnlineCentros’s Bury St Edmunds’s Arc opens
Developer Centros, backed by Delancey, has opened the £100m retail-led arc scheme in Bury St Edmunds today.
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UK interest rates to fall further
Low rates force the Bank of England to use unconventional measures
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HSBC to offer mortgages to foreigners in Japan
London-based HSBC Group said Wednesday it will tie up with two Japanese real estate companies to extend mortgage loans to foreign residents so they can buy property in Japan more easily.
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Indian real estate shares boosted by rate cut
Property stocks on Thursday welcomed the rate cuts by the Reserve Bank and surged by over two per cent on the Bombay Stock Exchange in early morning trade as the move is likely to ease credit flow for developers.
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20% of US mortgages 'underwater'
Twenty percent of all U.S. residential properties that had a mortgage on them were underwater at the end of December, with mortgage debt greater than what the homes were worth, according to a report released Wednesday by First American CoreLogic.
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Uluru landowners and GPT close in on Ayers Rock deal
A deal between the Uluru's indigenous landowners and GPT Group over the sale of the iconic Ayers Rock Resort is expected to be reached this month.
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Oz property sector in share price freefall
The listed property sector was hit by a fresh wave of selling yesterday, pushing the unit prices of key stocks Stockland, Goodman Group and GPT to all-time lows and wiping about $2.6billion from the sector.
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Guangdong stimulus plan lifts property stocks
Guangdong province is instituting a 15-point stimulus package to help its ailing property sector, a move that sharply lifted stocks in the industry yesterday.
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Middle East property research body mooted
A Middle East property industry research body aimed at helping developers and governments make better decisions on the market is likely to be operating in the first half of this year.
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Brokers call bottom of Dubai market
Property prices appear to be bottoming out in Dubai, brokers say, citing the increase in transactions in February that they say shows buyers are returning to the market.
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Mada'in slashes home prices by nearly a third
Mada’in Properties, a Dubai-based developer, has cut the price of its properties to existing homebuyers by 30%, citing lower construction costs.
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Obama home rescue plan welcomed
The US Treasury unveiled details yesterday of Barack Obama’s housing rescue plan, which will pay mortgage servicers to modify troubled home loans while reducing borrowers’ interest rates to as low as 2%. The Obama administration said its housing-rescue plan will help as many as one in nine homeowners, from low-income ...
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OnlineTesco victorious on competition test
Efforts to curb the dominance of any one supermarket in local towns were dealt a blow yesterday after Tesco won a battle to prevent the regulator introducing a 'competition test' into planning applications.
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Rents in London could plunge by 50%, says King Sturge
Rents in London may fall by 50% over the next two years, according to King Sturge’s latest research.
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Aurora seeks rent relief
Aurora, the new name of the Oasis-to-Karen Millen fashion business Mosaic, is asking landlords of up to 90 of its stores to dramatically reduce their terms to prevent it from shutting the outlets.
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London still top ranked centre
All the world’s largest financial centres took a beating in the public’s estimation as the markets melted down this autumn and winter but London and New York have proved more resilient than their near rivals and remain at the top of the competitiveness rankings published by the City of London. ...
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Brixton takes fresh tumble as Segro climbs
Fitch, the ratings agency, slammed more doors shut for Brixton yesterday, after deciding to put the industrial and warehouse specialist on 'watch negative'. It believes that Brixton, down another 12% – or 3.25p to a record low of 23.75p – is almost certain to breach its covenants when they are ...
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Taylor Wimpey delays results
Taylor Wimpey’s preliminary results will be pushed back to April and testing of its debt covenants will be deferred a second time owing to difficulties among lenders in agreeing refinancing terms.
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Segro joins cash call queue
Segro has become the latest property group to call on investors to support a sharply discounted rights issue.
