All Property Week articles in 07 December 2007
View all stories from this issue.
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OnlineFull steam ahead for Green Park Station
Prupim’s plans for Green Park station, the first privately financed and new build station in the UK for 50 years, got the go-ahead this week from the local council.
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Online
Birmingham's biggest office deal sealed
The biggest office deal this year in central Birmingham completed this week.
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OnlineSalford's tallest towers win planning
BSC Group’s £180m plans to build Salford’s tallest towers have won planning from the local council.
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Online
Invista appoints new HBOS funds head
Fund manager Invista has appointed Robert O’Hara as new head of its HBOS funds.
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Online
Hull Citybuild wins consent at Humber Quays
Developer Hull Citybuild’s outline planning application for the second phase of its development at Humber Quays in Hull has been approved.
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OnlineQueen's view threatened by towers says Westminster
Land Securities was last night told it will have to cut down the size of its buildings if it wants to develop a £2bn transport interchange at London’s Victoria train station with a planning committee pointing out that the view from Buckingham Palace gardens would be affected by their height. ...
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News
More rate cuts expected as Bank acts
Interest rates will fall to 5% by the middle of next year, economists and investors predicted yesterday, after the Bank of England made its first cut in official rates for two years in a bid to stem the fallout from the credit squeeze. Financial Times, Daily Telegraph, The Times, The ...
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News
RBS sets aside £1.5bn and slams 'apocalyptic' forecast fad
The cost of the credit squeeze for Britain’s largest banks yesterday rose to more than £5bn as Royal Bank of Scotland announced it had set aside £1.5bn as a result of the financial markets meltdown. Financial Times, Daily Telegraph
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News
JC Flowers pulls out as Rock claims stability
JC Flowers, the private equity group has walked away from the bid auction for Northern Rock, the stricken bank. Financial Times, The Times, The Independent
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News
OECD warns on UK housing downturn
The UK economy is more vulnerable than other countries to the turmoil in financial markets and its housing market is also at greater risk of a downturn, the Organisation for Economic Co-operation and Development said yesterday. Financial Times
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News
Bellway expects more rate cuts as reservations dip
Bellway questioned whether yesterday’s quarter-point interest rate cut would be enough to settle the property market as the house builder reported a 12% fall in reservations since October. Financial Times, The Times, Daily Telegraph
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News
Bush unveils sub-prime plan
US President George W. Bush yesterday formally unveiled a plan to freeze interest rates on some sub-prime home loans for five years, setting up a potential showdown with mortgage security investors who could see their returns decline and Democrats in Congress who say the plan does not go far enough. ...
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News
Investors balk at $100bn bailout
The three banks putting together a $100bn bailout fund to prop up the price of bonds backed by high-risk sub-prime mortgages have halved their fund raising target due to a lack of interest from banks and investors. The Times
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News
Abrahams 'warns Brown'
David Abrahams yesterday threatened Gordon Brown with 'dirty turns' if the government started “hammering” him over the unlawful donations made to the Labour party via intermediaries. The businessman told the Jewish Chronicle he donated anonymously to avoid speculation about a 'Jewish conspiracy'. Financial Times, The Times
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News
Call for more flood spending
Britain needs to raise spending on flood defences from £600m to £1bn a year, says the Environment Agency in its review of the summer’s flooding. It estimated the total cost of the disaster at £4bn, including insured losses close to £3bn. Financial Times
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News
Actress sells noise row manor
Actress Jane Seymour has sold her multi-million-pound manor house after a long-running battle with neighbours over late-night parties. Daily Telegraph
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Professional
Erinaceous six defect to Savills
A Six-strong team has joined Savills from troubled property adviser Erinaceous.
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Professional
CBRE’s new executive to ‘review’ business
New board will scrutinise all divisions in response to ‘changing market’
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ProfessionalSecurity of tenure
Question: I am granting a commercial lease and do not want to give security of tenure to my prospective tenant. What type of declaration do I need before completing the lease?
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News
Wakeman says yes
Rick Wakeman, the acclaimed keyboardist of Yes, who is known for his tirades against the commercial trappings of the festive season in the television programme Grumpy Old Men, has been persuaded to throw away his Scrooge hat.
