All Property Week articles in 07 August 2009 – Page 7
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LaSalle refinances €300m
LaSalle Investment Management has refinanced almost €300m of debt during the first half of 2009.
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CB Richard Ellis appointed as special servicer
CB Richard Ellis Loan Servicing has been appointed as special servicer to the £1.15bn White Tower 2006-3 loan replacing Hatfield Philips International.
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Anger over government’s ‘nimby’s charter’ to evict students, immigrants and the poor from affordable homes
The British Property Federation, small landlords and students have slammed government plans to evict people from houses of multiple occupation (HMOs).
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Prologis European Properties extends loan facility
ProLogis European Properties (PEPR) has finalised a three-year extension of a loan from Deutsche Pfandbriefbank, formerly Hypo Real Estate bank.
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Chinas property surge fuels bubble fears
China’s property sales surged 60% by value in the first seven months, stoking concern that record lending will fuel asset bubbles in the world’s fastest-growing major economy.
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New Zealands house prices up for third month
New Zealand house prices rose for the third month in July, signaling the property market is recovering and may help the economy emerge from a recession.
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Gagfah hit by falling flat prices
Gagfah SA, Germany’s largest publicly traded property company, reported a loss for the second quarter after the value of its apartments dropped.
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Hydra hit by 20% investor default
About one in five investors in Hydra Properties, an Abu Dhabi-based developer, is behind with their payments, the company has said.
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Dubai property slump pace slows
Dubai house prices fell by 24% in the second quarter from the prior quarter but the pace of decline slowed, in line with improving global property markets, Landmark Advisory said on Sunday.
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Shimao to another invest HK$9bn in Xiamen
Shimao Property Holdings plans to invest an additional eight billion yuan (HK$9.08 billion) to develop a large property complex in Xiamen, betting the closer economic ties across the Taiwan Strait will fuel housing demand.
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So-Cal firm warns on loan defaults
Maguire Properties, one of the largest office-building owners in Southern California, is planning to hand over control of seven buildings with some $1.06bn in debt to creditors, the latest sign that rising vacancies and falling rents are causing stress in the commercial real-estate sector.
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Peninsula targets Mumbai with placement cash
Real estate company Peninsula Land is planning to raise a qualified institutional placement of Rs 500 crore for acquiring land in Mumbai.
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Government slammed over crackdown on 'student ghettos'
Government plans to restrict multiple occupation of homes were attacked last night by landlords and tenants.
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Downturn will leave property 'the domain of the wealthy'
The recession has caused a huge shift in the housing market that will lock out first-time buyers and amateur landlords and leave only wealthy families, wealthy investors and Middle East billionaires with a chance of buying.
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Savills sees house recovery
Savills: The estate agent has forecast that house prices will return to growth in 2011 and will have risen by an average of 26.7% by the end of 2014. The price of new-build flats are forecast to recover by only 10% by 2014, compared with a bigger rise of 43.6% ...
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Blackstone gears up for Hilton break-up
Hilton, bought by Blackstone for $26bn (£15.5bn) at the top of the market in 2007, could be broken up under plans being devised by its owner.
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House price 'will rise' over next year
The house price crash is now effectively over, an economic consultancy has declared, forecasting that property values will grow between this autumn and the end of next year.
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Piccadilly revamp approved
Westminster Council has approved The Crown Estate’s plans to regenerate the east end of Piccadilly, London. It will begin work on a 150,000 sq ft mixed use redevelopment scheme known as St James’s Gateway, designed by Eric Parry Architects with CB Richard Ellis acting as planning consultants.
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Edinburgh outperforms rivals
Edinburgh is outperforming rival UK cities during the recession on several key economic indicators, in spite of the crisis that has engulfed its two biggest financial employers, Royal Bank of Scotland and HBOS.
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Crown Estate to get wind windfall
The Crown Estate is set to pocket a £2.5bn windfall from the offshore wind energy revolution.
