All Property Week articles in 07 August 2009 – Page 8
-
Online
St Modwen fully lets former Ford factory
St. Modwen has fully let its 425,000 sq ft former Ford factory building, Arisdale Avenue near Thurrock, Essex.
-
Online
Zoopla completes PropertyFinder deal
Zoopla.co.uk, a property market resource, has completed the acquisition of the PropertyFinder Group from News International and the REA Group, for an undisclosed sum.
-
OnlineFormer chairman of AIM-listed property company suspected of £430m fraud
A trial started in Guangzhou last week that will decide the fate of $70m of foreign shareholdings in Canton Property Investments, a company that was formerly listed on London’s AIM.
-
Online
Eurohypo makes large first half loss
Eurohypo, the German-based property and public finance lender, made a pretax loss of €189m in the first half of the year.
-
Online
Landmark Piccadilly scheme gets the go-ahead
The Crown Estate’s plans for the regeneration of the eastern end of Piccadilly received a boost yesterday evening.
-
Online
West Midlands Police buys its Birmingham HQ from Tchenguiz’s R20
The West Midlands Police has bought its headquarters office building, Lloyd House on Snowhill in central Birmingham from Robert Tchenguiz’s investment vehicle, R20 Group.
-
Online
L&G Property buys Libra Industrial Estate
Legal & General (L&G) Property has bought the Libra Industrial Estate on Maidstone Road in Milton Keynes from Ashtenne.
-
Online
Aviva sells in Sackville Street
Aviva Investors, in association with Devonshire Property, has sold 34-35 Sackville Street in London to the Anglo-Omani Society for £9.05m.
-
Online
Investors splash out £54m in Cardiff
The Cardiff office investment market received a lift this week from deals worth around £54m.
-
Online
Condo-hotel buyers go to court
Buyers from across the USA are going to courts to get their money back, arguing that condo-hotel developers violated securities laws when selling the units.
-
Online
Australian office vacancy rates soar 40%
Demand for office space has fallen to its lowest level since the early 1990s recession, pushing the amount of empty offices around the country up by 40% in the six months to July as the global financial crisis reverberates through Australian cities.
-
Online
Swire cuts divi after profit dive
Swire Pacific yesterday cut its interim dividend by a third as profits from Cathay Pacific Airways failed to offset a sharp fall in property earnings, sending net earnings for the company plunging 73.82%.
-
Online
First Qatar hits back at air-con claims
First Qatar, the company embroiled in controversy over air conditioning charges at mega-project The Pearl, has hit back at claims it is to blame for the price increases.
-
Online
Fannie Mae seeks $10.7m more aid
Fannie Mae, the mortgage-finance company taken over by the government, asked the US Treasury for a $10.7bn capital investment as an eighth straight quarterly loss drove its net worth below zero once again.
-
Online
Hyatt plans $1bn IPO as propery companies raise cash
Hyatt Hotels plans to raise up to $1.15bn in an initial share sale to bolster its finances and fund acquisitions at a time of scarce credit.
-
Online
Simon and Duke in bond sales
Simon Property Group, the biggest U.S. shopping-mall owner, led $1.25bn of real estate company bond sales this week, raising cash for possible acquisitions as credit markets eased.
-
Online
Commerzbank raises risk provisions
Commerzbank yesterday raised its risk provisions as Germany’s second-largest bank was hit in the second quarter by problems in property markets and the economic crisis in central and eastern Europe.
-
Online
Commercial property value rise
The value of commercial property has risen for the first time since June 2007, according to CB Richard Ellis. The survey drove shares in the UK’s largest property companies higher.
-
Online
Bellway to buy land
Bellway promised to spend £45m raised from leading shareholders via a placing yesterday on land and construction work rather than on reducing its debt.
-
Online
Four Seasons to slash debt
Four Seasons Healthcare, the heavily indebted care home company, is close to securing an agreement with creditors to halve its £1.5bn debt after a group of hedge funds that had previously blocked the deal gave it their support.
