All Property Week articles in 06 November 2009 – Page 4
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Christmas deadlines mean stand off between landlords and retailers subsides
The ongoing stand off between landlords and retailers has eased as the number of leasing deals has increased in the run up to Christmas, according to Savills.
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Receivers appointed to part of MCR Property Group’s portfolio
LPA receivers at GVA Grimley have been appointed to a small portion of Aneel Mussarat’s MCR Property Group’s portfolio as a result of loan to value covenant breaches on individual properties.
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Nigel Hugill and Robin Butler set up company
Nigel Hugill and Robin Butler have set up a new property company called Urban & Civic with backing from private equity group GI Partners and completed their first land purchase.
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Birmingham’s Mailbox signs two new businesses
Two new businesses have signed up to open at Birmingham’s Mailbox.
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Arcadia double at Chelmsford
Two of Arcadia’s most successful brands, Topshop/Topman and Miss Selfridge, have signed up at Chelmsford’s leading shopping centre, LaSalle Investment Management said today
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Go-ahead for industrial space in Glasgow
British Rail Board (Residuary), which owns former railway property now not needed for the operational railway, has got the go-ahead for development on an industrial estate in Glasgow.
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Market has turned, Mazars survey finds
Property developers believe the market has turned and there could be growth in 2010, according to a survey by accountancy firm Mazars.
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Indians buy as Manhattan falls below Mumbai
Indians now account for close to 20% of all realty sales in Manhattan, and 30% of all enquiries made, says Raphael De Niro, MD of New York’s biggest property brokerage firm Prudential Douglas Elliman. 'India and China are now replacing the buyers from Eastern Europe,' he says.
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Deyaar job cuts 'just tip of iceberg'
Job cuts in the GCC region are far from over and hundreds more employees will be impacted before the economic recovery takes hold, according to the results of an Arabian Business poll.
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Singapore banks warns speculation may be reined in
Singapore’s central bank said it may be 'necessary' to implement more measures to counter real- estate market speculation, joining China and Hong Kong in signalling a need to rein in soaring property prices.
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Fewer US homeowners underwater
The number of U.S. homeowners who owe more than their properties are worth fell in the third quarter as values stabilized and some homes were lost to foreclosure, Zillow.com said.
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Japanese builders owed huge sums by Dubai
Japanese builders are owed billions of dollars on projects that include the Dubai Metro and Palm Island, according to a top diplomat and leading contractors from the country.
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Stuyvesant Town headed for sale after debt rejig
Tishman Speyer Properties and BlackRock Realty, the owners of Manhattan’s Stuyvesant Town- Peter Cooper Village, moved closer to restructuring $3bn in debt on the apartment complex as the property verges on default, Fitch Ratings said.
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China may curb use of debt
China’s central bank and banking regulator may 'soon' issue measures to limit the use of debt in real-estate purchases after asset prices climbed, a Shanghai official said.
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Saudi Arabia 'to face housing shortage'
Saudi Arabia will face a 'substantial' housing shortage by 2015 as a growing population and rising employment fuel demand, Deutsche Bank AG said.
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Remote control car event to launch a children’s cartoon into UK shopping centres
Four UK shopping centres will host a remote control car event to launch new children’s cartoon Flash & Dash in UK.
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Hutchison Whampoa to move forward with Deptford scheme
Hutchison Whampoa has announced plans to move forward with the regeneration of Convoys Wharf, a key site for regeneration in the London borough of Lewisham.
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£50m Salford scheme gets green light
Developer LPC Living has been given planning permission by Salford council for its £50m scheme in Ordsall, Salford.
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PW TV: "Property funds are back with a vengeance" says CoStar's Marples
Paul Marples, European managing director of global research group CoStar, said that property funds are back with a vengeance in the UK market.
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Allsop hauls £50.8m in bumper one day sale
The sale rate at Allsop’s residential sale at London’s Cumberland Hotel a week last Thursday reached 89% as it hauled £50.8m in one of its biggest ever one day sales.