All Property Week articles in 07 December 2007 – Page 11
-
Online
Cohen & Steers launches Asia Pacific share fund
US-based REIT fund Cohen & Steers has launched a new fund aimed at investing in the shares of listed property companies in the Asian Pacific region.
-
OnlineSainsbury's buys two retail schemes
Supermarket giant Sainsbury’s has bought two retail schemes from Leeds-based property company Town Centre Securities for £29.9m.
-
Online
RREEF and Pirelli confirm €4.5bn talks
Italy’s Pirelli Real Estate and Deutsche Bank’s property fund management arm RREEF have confirmed that they are in negotiations to do one of Europe’s biggest ever deals.
-
News
Fear of 1990s style crash loom
The shadow of the property crash of the early 1990s is looming over the industry as deal volumes collapse to a third of their previous level and property funds take further drastic steps to prevent a liquidity crisis. Financial Times
-
News
Bank rates hit nine-year peak
UK bank lending rates hit nine year highs as banks sought funds to cover commitments for the start of next year amid a tightening credit squeeze. Financial Times, Daily Telegraph
-
News
Rock pay-off plan if bidders falter
Treasury and Bank of England officials are drawing up contingency plans to pay Northern Rock’s depositors their money if the stricken lender has to be put into administration as bidders continue to fight it out. Financial Times, The Times, Daily Telegraph.
-
News
Insurers to urge long term flood stratagy
Flood insurance could become prohibitively expensive or even unavailable unless the government takes a long-term and co-ordinated approach to managing the increasing risk of floods, insurers will warn today. Financial Times, Daily Telegraph
-
News
Bookshops at threat from digital revolution
Publishers and bookshops risk obsolescence if they fail to confront together the challenge posed by the internet, the booksellers trade association has warned. Financial Times
-
News
Parkwood piles pressure on Gresham
Directors of Gresham House, an investment trust, are under increasing pressure after Parkwood Property Investments – which owns 29.9% of the vehicle – called for their ousting in a letter to shareholders. Financial Times
-
News
Schroders sees opportunities in 2008
Schroders is predicting that value may soon emerge from the wreckage of the commercial property industry after the swift correction in pricing. Financial Times
-
News
Valad eyes Teesland
Polygon Investment Partners, the hedge fund, is set to reap the benefits of blocking an earlier bid after receiving an offer for its stake in Teesland at a big premium to the price it originally paid. Financial Times
-
News
Emirates pile into Indian property
The cash-rich states of the United Arab Emirates are sinking billions of dollars into India’s real estate sector through joint ventures with local companies as sovereign wealth funds and Middle East investment groups increasingly target India. Financial Times
-
News
Building Society eyes small biz market
The credit crunch is starting to restrict the flow of finance to small firms and has prompted Skipton building Society to offer a £25m emergency loan fund. Daily Telegraph
-
News
House prices 'to dip 10%'
Morgan Stanley said that UK house prices could fall by as much as 10% next year and continue to drop in 2009. In a report by David Miles, its chief economist, it said that prices would slip by 7% in 2008. The Times
-
News
US sub-prime mortgage deal close
Henry Paulson, the US Treasury Secretary, said that he was confident of securing an agreement with banks and regulators to freeze interest-rate payments on high-risk 'sub-prime' mortgages this week. A deal is designed to head off the expected surge in defaults next year.The Times
-
News
Green trials favour ground heat
Barratt Developments has said that trials of energy-saving devices at its ecovillage in Lancashire have revealed that wind turbines fail to produce significant energy savings, but that ground heat from bore holes and solar panels worked well, with bore holes reducing carbon emissions by 62 per cent a year. The ...
-
News
Dawnay Day remains positive
Dawnay Day Sirius, the German commercial property developer that listed on AIM in May, valued its property portfolio at €332.8 million (£236 million) at its September 30 half-year and said that market conditions remain positive for its lettings to the small business sector. The Times
-
News
Doughty buys in Italy
Doughty Hanson's real estate unit has bought land in Padua, Italy, to build a housing and shopping complex with an expected built value of €200 million. The Times
-
OnlineProperty market 'will not crash' say researchers
The market is not heading for a crash and the global outlook remains solid despite the credit crunch, according to the latest research from LaSalle Investment Management.
-
OnlineAsk secures funding at Manchester’s Central Spine
Ask Developments has secured a £20.5m funding deal with Bank of Scotland Corporate to fund part of it Central Spine development to the south of Manchester city centre.
