All Property Week articles in 07 December 2007 – Page 9
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OnlineGov't gives £50m to build Tate Modern extension
The campaign to build a £215m extension to Tate Modern received a big funding boost yesterday when the government announced a £50m grant to kick-start the project.
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News
Pressure mounts for rate cut
Pressure mounted on the monetary policy committee to deliver a cut in interest rates today, after a clutch of weak data suggested the economy was slowing more abruptly than the Bank of England had hoped. Financial Times, The Times, Daily Telegraph
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News
Rock problems 'tarnishing' London, says peer
The problems of Northern Rock could affect the international image of London as a financial centre, Lord Jones, trade minister, warned yesterday. Financial Times
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News
Olivant jumps in as Five Mile ponders pull-out
Olivant is expected to lodge its bid proposal today to take over management of Northern Rock, the stricken bank. Financial Times, Daily Telegraph
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News
Rent growth buoys Shaftesbury
Shaftesbury, the property group that owns much of Carnaby Street, Covent Garden and Chinatown, shook off despondency in the wider market as it announced strong rental rises. Financial Times
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News
Crest sales slump as buy-to-let woes continue
Housing sales have fallen 15% since September at Crest Nicholson, bought six months ago for £715 million by HBOS and Sir Tom Hunter’s West Coast Capital private equity firm. The Times
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News
Minerva secures consent
Minerva has received planning consent to convert the Odeon cinema in Kensington, West London, into a multi-million pound scheme for flats covering 100,000 sq ft. The Times
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News
House builders rise but set to lose FTSE100 status
Housebuilders Taylor Wimpey and Barratt Developments bounced 8.4% to 203.25p and 6% to 467.75p respectively. Persimmon added 4.8% to 796p. Financial Times
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News
Bush set to freeze sub-prime loan rates
President George W. Bush is expected to announce a five-year interest rate freeze on some subprime mortgages as part of a deal between lenders and regulators brokered by Hank Paulson, Treasury secretary, to prevent a tidal wave of mortgage foreclosures. Financial Times, Daily Telegraph
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News
Sub-prime losses could soar as bond funds fall
The combined loss suffered by Wall Street banks on bonds backed by high-risk sub-prime mortgages could more than double to about $110bn (£54bn) after Moody’s, the ratings agency, gave warning that America’s biggest bond insurers were 'somewhat likely' to run short of funds. The Times
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News
Shake-up for English counties
Five English counties are to see their local councils reorganised to create unitary authorities from April 1 2009. Financial Times
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ProfessionalThe great graduate swindle
Are students working in the property industry being ripped off?
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Online
Bulgarian Property shares drop on bid offer
Shares in AIM-listed Bulgarian Property Developments dropped 3% today after its takeover suitor announced a bid price below net asset value.
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Online
Ishaan powers on
Ishaan Real Estate increased its net asset value by 31% to 147p a share in the year six months to 30 September.
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Online
Credit Suisse continues property team rebuild
Credit Suisse has made three senior appointments to its property team as it looks to rebuild its presence in the UK market.
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Online
Segro wins planning consent at Winnersh Triangle
Segro has won detailed planning consent for the first phase of its newly relaunched Winnersh Triangle business park near Reading.
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Online
Aussie giants Lend Lease and Mirvac in takeover talks
Two of Australia’s biggest property groups Lend Lease and Mirvac have confirmed they have been in merger talks.
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Online
European property producing strong returns
Property in central and eastern Europe produced a total return of 17.5% in 2006, according to Investment Property Databank.
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Online
Shaftesbury’s West End portfolio defies downturn
Shaftesbury revealed stellar annual results this morning, proving that London’s West End is the most defensive market in a downturn.
