All Property Week articles in 06 November 2009
View all stories from this issue.
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Brasserie Blanc to open at Hammerson City scheme
Hammerson has secured restaurant operator Brasserie Blanc at its 60 Threadneedle scheme in the City of London.
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Segro lets the former Entertainment UK shed
Segro has let its newly acquired 241,211 sq ft Verdus shed at London’s Greenford Park on a short-term basis enabling it save around £1.1m in empty rates bills.
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Collyer joins Abercrombie
Richard Collyer, director at NB Real Estate, has joined his client Abercrombie & Fitch as senior director of real estate for the US-based fashion retailer.
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£40m deal for WG Mitchell portfolio on the cards
£40m deal for WG Mitchell portfolio on the cards
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Debenhams buys Danish department store chain
Debenhams has bought Magasin, a leading department store chain in Denmark for £12.3m.
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British Land appoints Bradford & Bingley chairman to board
British Land has appointed the chairman of Bradford and Bingley to its board.
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James Bond’s City of London Fort Knox hotel sold
A private investor has bought the Midland Bank headquarters in the City of London for around £40m.
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Gazeley kicks off development in Europe
Gazeley has kicked off two European developments in Italy and Germany – one of which has been forward sold to a UK fund.
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London rents set to jump 10-15% next year according to Drivers Jonas
A lack of new development in London will lead to a jump in prime rents next year according to the latest London Crane Survey from Drivers Jonas.
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Ireland's €54bn bad bank nears approval
The biggest financial gamble in modern Irish history is about to enter the real world.
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US foreclosures top 300,000 for 8th month
US foreclosure filings surpassed 300,000 for an eighth straight month as unemployment made it tougher for homeowners to pay their bills, RealtyTrac Inc said.
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DLF owners to buy DE Shaw hedge fund stake
The founders of DLF, India’s biggest real estate developer, have reached an agreement with DE Shaw to buy out the hedge fund’s stake in DLF Asset and may list the unit in Singapore, the Economic Times reported, citing two people directly involved in the transaction.
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Istithmar takes hit in London property sale
The Istithmar unit of Dubai World has sold two buildings in London’s West End for a fraction of what it paid for them two years ago as it seeks to raise cash and trim costs.
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Bahrain residential sales down 52%
Residential real estate transactions in Bahrain have slumped by more than 50 percent in the last year, according to research by property advisory DTZ.
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Shanghai scheme breaks another record
Tomson Riviera, a luxury waterfront residential estate in Shanghai, is again claiming the record for the most expensive flat on the mainland after a unit on the 28th floor was sold for 160,844 yuan (HK$182,206) per sq m.
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Westfield cuts rents in US malls
Westfield Group said today it was lowering rents and offering shorter leases in its shopping malls in the recession-hit United States to attract business.
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Fannie and Freddie warm of deeper losses
Fannie Mae and Freddie Mac, already reeling in red ink, are warning they could face additional losses from the weakening condition of mortgage-insurance companies.
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Indian commercial property sentiment subdued
Commercial property sentiment in India is still subdued though an improvement is noticeable over the second quarter, the RICS has said.
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Irn-Bru maker takes shed space in Cumbernauld
AG Barr, which makes Irn-Bru, has taken 86,500 sq ft at Westfield Industrial Estate in Cumbernauld, Scotland.
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Old Trafford redevelopment plans are in to bat with the council
Lancashire County Cricket Club and its partners have submitted a planning application to Trafford Council for the redevelopment of Old Trafford cricket ground and nearby area in a bid to regenerate the surrounding area and to win back hosting the Ashes in 2013.