All Property Week articles in 07 August 2009 – Page 5
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GVA Grimley makes £4.7m annual net profit
GVA Grimley made a post-tax profit of £4.7m in the year to 30 April after a 13% fall in revenue.
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Masterplan for Shoreham port to be drawn up
Hyder Consulting has been appointed to prepare the masterplan for Shoreham Port near Brighton.
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Phase Eight signs in Aberdeen
Retailer Phase Eight is the latest fashion retailer to sign up to Aberdeen’s Bon Accord Centre.
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Western Corridor industrial market better than last year, says JLL
The Western Corridor industrial market has seen an increase in take-up in the first half of this year despite the wider market gloom, according to Jones Lang LaSalle.
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Salmon Harvester buys site for £50m development in Lancashire
Salmon Harvester buys site for £50m development in Lancashire
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RMJM designs first ‘green’ development in Turkey’s new financial district
International architecture company RMJM today unveiled details of the $1bn development it is designing in Istanbul’s new residential and business district, which will be one of the ‘greenest’ projects in Turkey.
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Invista sells Mayfair building for more than £34m
Invista Real Estate Investment Management today confirmed the sale of a freehold office and retail property on Conduit Street in London’s Mayfair to an overseas investor.
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Edinburgh office market picks up in Q2, says JLL
Office occupier activity in Edinburgh increased by 39% in the second quarter of 2009 compared to the previous quarter, showing resilience, according to research by Jones Lang LaSalle.
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Highcross lets Leeds office space at £27/sq ft
Highcross has secured the highest headline office rent in Leeds.
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Keep stalled sites secure to avoid damage, says insurer
A leading insurer has warned the construction and property industries to take care of sites where building has been suspended to avoid damage and theft.
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Housing market sentiment highest for two years
Estate agents are more optimistic about the housing market that they have been since the start of the credit crunch in 2007.
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Mayor attends topping out of one of Newcastle’s tallest buildings
The Lord Mayor of Newcastle attended the topping out of one of the tallest new buildings in the city and the most significant office developments in the city centre for more than a decade.
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Trocadero could be ‘pod’ hotel
Westminster Council is set this week to consider whether London’s Trocadero, which is already set to be redeveloped as a hotel, can offer windowless ‘pod’ accommodation.
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Black Sea Global to retain Rutley European’s London listing
Romanian entrepreneur Dinu Patriciu will retain the London Stock Exchange listing of Rutley European Property after selling shares to reduce his shareholding below the 75% threshold.
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Aberdeen takes over Landsbanki's City office space
Mitsubishi Corporation and Mitsubishi Estate Company, the Japanese developers of City of London building Bow Bells House, have agreed a lease surrender from the administrators of Landsbanki Islands HF for the 70,000 sq ft of office space let to the failed Icelandic bank.
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DevSecs buys department store in Grimsby
Development Securities has bought a House of Fraser department store in the centre of Grimsby, in north east Lincolnshire.
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Lidl gets go ahead for Bolton store
Lidl has secured planning consent for a 11,442 sq ft foodstore with 67 car parking spaces in Westhoughton, Bolton, Greater Manchester.
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US distressed mortgages 'could hit 30%'
Almost a quarter of US mortgage holders owed more than their homes were worth in the second quarter and that figure may rise to as much as 30% by mid-2010 as job losses and foreclosures climb, Zillow.com said.
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Westfield raises $1.4bn from Asia
Westfield Group, the world’s biggest shopping mall owner, received commitments of more than $1.4bn for a $1.25bn loan after courting investors in Asia, three people familiar with the situation said.
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Freddie Mac set for loss after lender collapse
Freddie Mac, the mortgage-finance company under government control being supported by taxpayers, said the collapse of lender Taylor, Bean & Whitaker Mortgage Corp may cause it 'significant' losses.