All Property Week articles in 07 August 2009 – Page 2
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Online
Landlords attack town centre ‘rescue’ package
The British Property Federation has criticised government plans to help high streets as being ‘ too little, too late ’, saying they focus on Labour heartlands.
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OnlineLetchworth picks developer for town centre regeneration
Letchworth Garden City has chosen a developer to start the second phase in the town centre's regeneration.
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Online
Leighton forecast Oz rebound
Leighton Holdings, Australia’s biggest construction company, said profit will rebound from its first decline in five years, driving its shares to a 10-month high in Sydney trading.
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Online
US homeowners slashing asking prices
US homeowners cut their asking prices by $27.8bn with some of the biggest reductions in Nevada and Florida, states hardest hit by the property slump, Trulia said.
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Online
Union reports l$63m loss
Union Properties, Dubai’s third-largest property developer, reported a loss of Dh227.9 million (US$62m) in the second quarter as the company saw its investment properties lose value.
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Dubai faces flood of surplus homes
Dubai is set to have a surplus of up to 31,000 residential units mainly due to the decline in the expat population by the end of the year, according to a new report by JP Morgan.
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Online
Indian home loan rates further
The State Bank of India cut its home loan rates by announcing a three-month-long 'SBI My Home Campaign' . In SBI's home loan scheme, interest rate for the first year is 8%, and for the next two years is 8.5% to 9% depending on size of the loan. It is ...
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Asians target British Land
A consortium of some of the world’s richest families is planning a bid for British Land.
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Online
RBS and HBOS exposed to Irish property failure
The Irish government's plans to create a bad bank suffered a setback this week when the country's Supreme Court ruled that companies belonging to Dublin's biggest developer, Liam Carroll, should be placed in liquidation.
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Online
Max deal threatened
The maiden deal of Nick Leslau’s newly-listed Max Property is under threat, with bondholders understood to have lodged a rival bid for the Industrious portfolio.
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Online
Haymills rescued
Vinci, the French construction group, has rescued the Suffolk builder in a “pre-pack” administration deal that will save 430 jobs. Haymills was put up for sale after Royal Bank of Scotland removed an overdraft facility and the group incurred losses from a Gibraltar subsidiary.
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Housing recovery hopes 'could be premature'
Hopes that the housing market has emerged from slump may prove premature, after a leading indicator of house prices suggested fresh weakness ahead.
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Online
Public spending shores up construction
Public spending on schools and hospitals is propping up the construction sector, driving up overall workloads to their highest level since last summer, says a report to be released today.
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Online
Unexpected eurozone recovery
The German and French economies unexpectedly bounced back in the second quarter, raising hopes that the worst of the economic crisis is coming to an end in the eurozone.
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Allied Carpets administrator closes 142 stores
BDO Stoy Hayward, the administrator of collapsed Allied Carpets, has closed 142 of the retailer’s stores since it was appointed last month.
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Fenchurch Estates completes at Beaufort Park
Fenchurch Estates has completed its low carbon headquarters office building at Beaufort Park near Bracknell.
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Online
CBRE West End Head is latest recruit for Smith-led start-up firm
Former DTZ director Paul Smith has recruited the head of CB Richard Ellis’s West End business team to join his new start up firm.
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Industrious sale stalled by receiver Ernst & Young
The £232.1m sale of the Industrious portfolio to Nick Leslau and Mike Brown’s Max Property Group has been stalled after the receivers at Ernst & Young said it could not complete the sale.
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Online
Government to invest £3m to tackle empty shop deprivation
The Government is to invest £3m to tackle the negative impact that empty shops are having on the high street in 57 of the hardest hit areas.
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52 Charles Street fully let
Lancer Property Asset Management on behalf of Berkeley Square Holdings has secured its final tenant in its 52 Charles Street, office.
