All Property Week articles in 07 August 2009
View all stories from this issue.
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Distressed property sales increase across the globe, says RICS
Distressed property sales have increased in more than 75% of countries, according to new research by the RICS.
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OnlinePrivate investor buys HMV in Manchester for £14.9m
The Co-operative Insurance Society has sold an HMV in Manchester to a private investor for £14.9m.
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OnlinePublic sector funding gives green light for speculative development in Liverpool
The English Cities Fund will begin the speculative development of a major new office building in Liverpool in September after receiving public sector funding.
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Hansteen takes 18.5% stake in Warner Estate
AIM-listed Hansteen has taken a stake in Warner Estate Holdings and is to issue new equity to fund the purchase.
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US hotels owners 'returning keys'
An increasing number of hotel owners in the US market are simply walking away from money-losing properties and forfeiting them to lenders.
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Property takes a $51bn pummelling
Australia's bruised and battered property industry has seen $51 billion wiped off the total worth of its assets under management in a single year as falling property values, sales and corporate collapses have taken their toll.
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Guangzhou office sold block for HK$867.6m
Guangzhou R&F Properties, which is under pressure from municipal authorities for not completing the purchase of a number of sites, says it has sold an office development in Guangzhou for 765 million yuan (HK$867.6 million) or 25,404 yuan per sq m.
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Damac faces cancellation of Kurdish project
Damac Properties, the Dubai-based developer, is running into challenges with its Dh55 billion (US$14.97bn) Tarin Hills project in Iraqi Kurdistan, government officials in Iraq say.
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Beirut property defies crisis
Lebanon’s property market is literally soaring ahead in defiance of the financial crisis affecting most other countries.
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Dubai property 'stabilising'
The Dubai residential market is showing signs of stabilisation, Jones Lang Lasalle said today in a report.
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Distressed commercial sales soar
Distressed commercial properties coming to the market rose in every region in the world in the second quarter, with the UK in particular seeing a rise in interest in property sold by owners experiencing problems.
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Housing affordability at highest since mid-90s
Houses are at their most undervalued since the tail-end of the last housing slump in the 1990s, according The Lombard Street Research/Daily Telegraph housing affordability index.
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Barratt eyes rights issue
Barratt Developments is seeking shareholder backing for a £500m rights issue this autumn to help to cut its £1.3bn debt and allow it to start buying cheap land. Sources close to the company said that David Thomas, the new finance director, had appointed an advisory team and approached leading shareholders ...
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Asking prices down in August
A seasonal lull in the recent homebuying frenzy has prompted sellers to reduce their asking prices by 2.2% in August to achieve a sale, according to figures out on Monday.
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Petchey slams rates regime
Jack Petchey, one of the UK's leading entrepreneurs, has warned he is reluctant to return to the commercial property market as an investor because of the Government's policy over empty rates.
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Dubai woes prompt £3bn legal claims
The collapse of Dubai’s construction industry has created a backlog of legal claims totalling almost £3bn.
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Barclays tries to seize Baron's country pile
Barclays has gone to court in an attempt to seize the £3.6m country home of the polo playing playboy Baron Strange of Knockin — also known as Rhodri Philipps.
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Citi causes Industrious sale to stall
Citi has emerged as the agitator that has stalled AIM-listed Max Property’s £232.1m deal to buy the industrious portfolio from Ernst & Young.
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OnlineBluewater has strong summer
Bluewater, the Kent shopping centre, has announced a 2.1% increase in sales for July versus the same time last year.
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Property company shares jump on takeover talk
Shares in the major UK property companies rose this morning after a report that a group of Indian and Gulf investors were mulling a bid for British Land.
