All Property Week articles in 08 August 2008 – Page 7
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HBOS to prop up Crest Nicholson?
HBOS must inject about £100m of fresh cash into Crest Nicholson in the coming weeks to prevent the housebuilder from breaching banking covenants.
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Northern Rock repos jump 67%
A year ago, repossessed houses accounted for about 40% of lots for sale at Allsop's auction. In the forthcoming auction, that figure will be no less than 60%.
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Wilkinson plans 200 stores
The Wilkinson family have drawn up an audacious plan to open 200 new stores by 2012 - tripling sales at their eponymous variety chain and transforming the business into the UK's largest private retailer.
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Scottish business back Trump golf plan
The leaders of five business organisations in Scotland have joined forces to urge the government to approve the Trump Organisation’s controversial plans for a £1bn golf, leisure and residential complex in Aberdeenshire.
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Rightacres buys British Gas Cardiff HQ
Cardiff-based developer Rightacres has bought British Gas’s former HQ in Cardiff for £12m, as part of the utility group’s relocation to Rightacres and MEPC’s Callaghan Square scheme in the city.
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DTZ directors’ pay falls after profit plunge
DTZ chief executive Mark Struckett earned 24% less in the last financial year after a poor year’s trading for the company.
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Oaklands College gains planning permission for St Albans campus
Oaklands College has received planning permission from St Albans District Council for a £100m college designed by Bond Bryan Architects.
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Deka bags biggest mall in Lithuania
The largest shopping centre in Lithuania has been sold to German open-ended fund manager Deka.
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Targetfollow raises stake in Woolworths above 10%
Woolworths’ shares jumped this morning on speculation of a bid from Aredeshir Naghshineh, the Norwich-based property entrepreneur.
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OnlineValad buys City of London block for student housing
Australia’s Valad Property Group has bought Therese House in the City of London for £30m from HG Mansur for its £200m University Capital Trust fund.
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Residents challenge Heron’s ‘Black and Bling’ Barbican tower
The Barbican Association has challenged Heron International over its plans to alter the external appearance of its residential tower Milton Court in the City of London.
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Aurora and Premier Property to redevelop major Manchester office
Aurora Property Developments and Premier Property Group have submitted a planning application to redevelop 22-26 Cross Street, next to The Royal Exchange in Manchester.
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House prices fall 10.9% on year
House prices fell by almost 11% in the year to July, figures showed yesterday – one of the biggest year-on-year falls recorded in the UK.
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Industry alarm over stamp duty uncertainty
Half-baked plans to abolish stamp duty could prove as big a disaster as the Tories’ abolition of dual income mortgage tax relief for homebuyers 20 years ago – a move widely blamed for worsening the last housing crash – the property industry has warned.
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Rent reform calls hot up
Retail industry heavyweights led by Sir Philip Green and Lord Harris are set to meet landlords next month with a shopping list of demands for wide-ranging rent reform.
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House orders drop 21%
The downturn in the construction industry has accelerated in the first half of the year, as figures from the Office of National Statistics showed a 21% fall in new orders over the past three months.
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Hammerson sees £407m wiped off
Hammerson, the retail and offices property developer that owns London’s Brent Cross shopping centre and which has a stake in Birmingham’s Bullring, sank to a pre-tax loss in the first six months of the year after almost 10% was wiped off its net asset value.
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Regeneration exposed by downturn
Regeneration projects around the UK could be shunned by developers because prices are falling more rapidly than in other parts of the property market.
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Tesco backs Everton after call-in
Everton Football Club received vital backing from Tesco, the supermarket chain, yesterday to keep alive its fading hopes of building a 50,000-seat stadium outside Liverpool.
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BAA close to Crossrail contribution
Talks aimed at pursuading BAA, the airport operator, to put up an estimated £250m towards the new rail link between Heathrow and the City are in their 'final stages', according to sources close to the negotiations.
