All Property Week articles in 07 December 2007 – Page 10
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Online
Brixton appoints two new directors
West London shed giant Brixton has appointed two new directors to its main board.
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OnlineNorthacre and Minerva get go-ahead for Kensington Odeon
Northacre and Minerva have got the go-ahead for a residential-led redevelopment of a cinema site in London’s Kensington.
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News
Dubal may offload London real estate
Th Dubai government, which owns about £10bn in real estate around the world, is considering selling properties in London as UK institutions are struggling to offload assets to meet investor outflows. Daily Telegraph
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News
FSA boss warns mortgage lenders
Mortgage lenders have been warned by the FSA to batten down the hatches and brace for 'very difficult' market conditions next year as at least 1.4m homeowners face a sharp jump in loan repayments. Financial Times, Daily Telegraph, The Times
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News
Key St Pancras site goes to medical centre
A derelict site between the British Library and St Pancras Eurostar terminal is to be converted into one of the world’s top medical research centres at a cost of more than £500m, the government announced last night. Financial Times
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News
Bankers Association urges Rock inquiry
Banks will today call for a full and independent inquiry into the near collapse of Northern Rock, increasing the pressure on Alistair Darling by warning that the chancellor risks making the wrong reforms to deposit protection and the system of financial supervision. Financial Times, Daily Telegraph
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News
Scots government moves to save Trump resort
The Scottish government has dramatically intervened in an attempt to stop Donald Trump, the US property magnate, walking away from his scheme to build a £1bn seaside golf resort near Aberdeen. Financial Times
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News
JC Flowers intensifies Rock effort as nationalisation looms
JC Flowers, the private equity group, yesterday intensified its efforts to win the auction process for Northern Rock as it met advisers from the embattled bank. Financial Times, Daily Telegraph
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News
McAlpine down on fears Carillion may walk away
Fears are growing that Carillion could walk away from its proposed £590m takeover of Alfred McAlpine, the rival construction and support services group. Daily Telegraph
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News
Merrill vehicle sees record loan drawdown
A Merrill Lynch-managed mortgage vehicle, containing £275m of British home loans, has been forced to make the biggest drawdown on reserves seen so far in the credit crisis. Daily Telegraph
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News
Fountains takeover talks halted
Fountains, the land management group that last week reported a return to the black, has terminated talks with a potential bidder. The board said 'the indication of interest received does not adequately reflect the value of the company and its prospects'. The shares, which fell below 75p after two profit ...
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News
Telford core market 'sound'
Telford Homes, the residential developer, acknowledged the “uncertainty” in the housing market but said prospects for its core market in east London remained sound. Financial Times
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Online
St Modwen to revamp Bognor Regis
St Modwen has signed the development agreement to get started on its £100m redevelopment of two major sites in Bognor Regis town centre.
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OnlineMedical lab beats developers to British Library site
Prime Minister Gordon Brown has today said a £500m medical research facility will be built on one of the most sought-after development sites in London.
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OnlineRupert Clarke gets top job at Hermes
Rupert Clarke, the head property at pension fund manager Hermes, has been appointed CEO of the whole group.
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Online
Polygon agrees to sell stake in Teesland for £64m
Polygon, the hedge fund manager, is set to make a profit of £10m from the sale of its 26.7% stake in property fund manager Teesland.
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OnlineResolution completes second Portuguese buy
Resolution Property has completed the purchase of its second property in Portugal – a retail development in Evora to the east of Lisbon.
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OnlineDandara gets 22-storey Glasgow towers green light
Two 22-storey residential blocks are set to change the Glasgow skyline after property developer Dandara was given planning permission for a £180m mixed use scheme today.
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Online
Matrix sells Edinburgh offices for £27m
Matrix Property Fund Management has sold three office blocks on Rosyth Europarc business park to the north of Edinburgh for £27m.
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OnlineChris Evans buys Welsh country inn
Radio 2 presenter Chris Evans has bought the freehold of a Welsh country inn in an off-market deal.
