All Property Week articles in 08 August 2008 – Page 2
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Online
Property fund manager warns of 25% exit price cut
Schroders has warned investors looking to exit one of its open-ended property funds that doing so could see their units devalued by up to a quarter.
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Online
Healthy expansion
Health food retailer Holland & Barrett is continuing its expansion scheme with five new openings around the UK, despite a tough forecast for the retail sector.
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Online
Individual Restaurant Company plans UK expansion
Manchester-based Individual Restaurant Company has secured £18.5m from Lloyds TSB Corporate Markets to fund its national expansion plans.
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Online
US group to buy ING's 88 Wood Street in City of London
Atlantic Property Partners is under offer to buy ING Real Estate’s 88 Wood Street in the City of London for around £190m.
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News
Slowdown threatens 8m sq ft of development
Plans for more than eight million sq ft of speculative office buildings could be shelved as the financial sector retrenches and cuts its demand for space in the City of London.
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British Land confirms Cheesegrater halt in gloomy statement
British Land confirmed it will halt development on its landmark City skyscraper known as the Cheesegrater as demand for office space in the financial sector continues to decline.
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News
B&B has hopes for better luck than HBOS
Bradford & Bingley is hoping its £400m rights issue, which closes this morning, will attract greater shareholder support than the disastrous capital raising of rival HBOS, though a large chunk of shares is still expected to end up in the hands of underwriters.
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News
Tesco scheme caught in Turkish bribery case
Tesco has become embroiled in a Turkish political scandal after the development of its largest store in the country was caught up in bribery allegations.
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News
Eurozone edges towards recession
The eurozone moved closer to recession yesterday after it emerged that the economy contracted in the second quarter for the first time since the euro’s launch.
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News
Goodman seals UKAEA partnership
the international property group, has formed a public private partnership with the UK Atomic Energy Authority and the Science and Technology Facilities Council that will see the Harwell Science and Innovation Campus develop into one of the world’s principal locations for scientific, academic and business collaboration. The partnership will run ...
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News
Tesco targets Chicago
Tesco is set to open an office in Chicago ahead of launching Fresh & Easy convenience stores there, as it seeks to expand its fledgling convenience store chain beyond the west coast.
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Offer pricing adds £20m to New
More than £20m was added to the value of New Star International Property yesterday when the £678m fund reverted to pricing its units on an offer basis.
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News
Bellway posts gloomy outlook
Bellway added more gloom to the housing market as it announced that reservations had fallen by about 45% for the second half of the financial year, compared with the same period in 2007. It added that completed sales had fallen by 14.2% on last year as lenders restricted their finance ...
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News
US foreclosures jump 55%
The number of American households sinking into the foreclosure process rose by 55% in July with 272,000 receiving a notice of default or its equivalent. One in every 464 US households faces the risk of losing its home, according to RealtyTrac, the property market research group.
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Online
Gulliford joins CBRE
James Gulliford will join CB Richard Ellis this month as national head of out-of-town retail investment within its retail capital markets team.
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Online
Shelley Sandzer to let Portobello Dock
Agent Shelley Sandzer has been appointed by Derwent London to let part of the former home of Virgin Music at Portobello Dock.
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Online
Greggs joins Trinity Walk
Modus has signed Gregg’s bakers to its Trinity Walk scheme in Wakefield.
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Online
Café Nero comes to Hammersmith
Café Nero has agreed to take a lease on a site on the Hammersmith roundabout in London.
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Online
IPD reveals July property total returns fall to -1.3%
IPD has revealed the UK Monthly Property Index for July showed all property total returns fell to -1.3% which was slightly less than June where total returns stood at -1.5%.
