All Property Week articles in 07 August 2009 – Page 4
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Architect shortlist drawn up for Chelsea Barracks
Developer Qatari Diar has shortlisted 10 architect consortiums to masterplan a revamped scheme for its Chelsea Barracks site in London.
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'Modest improvement' for fragile residential market, says Grainger
The UK’s largest listed residential landlord Grainger said today it has seen a ‘modest improvement’ in the residential sales market over the last few months.
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Commercial development remains weak
Commercial development activity continued to fall in July extending the current period of decline to twenty-one successive months.
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Unite creates £194m London development joint venture with Bahrain bank
Unite, the listed developer and manager of student accommodation, has established a five-year joint venture with Oasis Capital Bank from Bahrain to develop three student accommodation properties in London with an estimated completion value of £194m.
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Citigroup renters lending - with Fed aid
Citigroup Inc. will lend as much as $2bn to independent mortgage firms, hoping to profit in a business it mostly exited after the market seized up in 2007.
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Top HK builders uprated by JP Morgan
Nine Hong Kong real estate developers had their share-price targets raised at JPMorgan Chase & Co. on 'abundant' liquidity and low interest rates that will prompt an increase in housing prices.
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Stockland battered by writedowns
Stockland, Australia’s biggest housing developer, reported a full-year loss because of writedowns related to a slump in the value of property assets.
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Dubai Properties investors demand refunds
Dubai Properties has become embroiled in a row with investors surrounding a Dh3 billion ($817m) development, after demanding final payment before the project was ready to hand over.
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Bahrain off-plan market 'at standstill'
Activity in Bahrain’s off-plan property market during the second quarter was at a ‘standstill’ as demand and investor confidence hit new lows, a new report said on Wednesday.
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HK has poor green record
Hong Kong is lagging the world in enforcing green building codes as arguments continue over whether developers should get incentives to adopt sustainable building practices, or do so out of social and corporate responsibility.
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Home builders group hit by falling fees
Despite hopes that the housing market is starting to bottom out, the National Association of Home Builders is still struggling to lower its costs.
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Premier Inn to set up 80 hotels in India
United Kingdom's hotel chain Premier Inn is planning to open about 80 hotels in the country in the next 10 years.
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Unite sells stake to Gulf investor
Student accommodation company Unite Group is to sell a majority stake in its committed future developments to Oasis Capital, a Bahrain-based bank, in a sign of appetite from overseas investors in the UK specialist property sector.
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Olympic Village deal signed
Lend Lease, the development manager, and the Olympic Delivery Authority have confirmed that housebuilding contractor Ardmore has won the first deal to build 300 homes at the Olympic Village in East London. The properties will be converted into a mixture of affordable housing and flats for sale after the Games. ...
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Aberdeen moves on Landesbanki space
Mitsubishi Estate Company and Mitsubishi Corporation, which have been jointly developing Bow Bells House in the City, have agreed to a lease surrender with the administrator of Landsbanki, the collapsed Icelandic bank. Aberdeen Asset Management, the fund manager, has taken over the lease on the former Landsbanki office building.
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Mortgage lending jumps 23%
Figures from the Council of Mortgage Lenders showed that lending had risen by 23% during June as 45,000 loans were approved for house purchases. This was up from the 36,500 reported in May and marked the fifth consecutive monthly rise. Gross mortgage lending jumped by 26% to £5.9bn.
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House price falls slow
Government figures showed that house prices rose by 2.6% in the quarter ending June 2009, after falling by 3.8% in the first three months of the year. The annual decline in house prices slowed to 10.7%, down from 12.7% in May.
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Fixed-rate costs hit year high
Figures from the Bank of England showed that the cost of some fixed-rate mortgages rose to their highest level this year during July. The average rate charged on a five-year fixed rate loan for borrowers with a 25% deposit rose to 5.7%, up from 5.54% in June and the highest ...
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IHG warns of two-years of pain
InterContinental Hotels Group warned it could take two years for trade to return to previous levels after it swung into a pre-tax loss of $50m (£30.3m) for the first half.
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Yorkshire gets Ryanair boost
Investment by Ryanair worht $140min Leeds Bradford International Airport will be a big shot in the arm for the regional economy, local business and political leaders have said.
