All Property Week articles in 08 February 2008
View all stories from this issue.
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News
Ashley buys into Shaftesbury
Mike Ashley and Paul Kemsley are building a stake in Shaftesbury, the UK-listed real estate company that owns parts of Carnaby Street and London’s Chinatown. Financial Times
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News
New Star set for Commerzbank sale
New Star is in talks to sell its headquarters, 60 Gracechurch Street in the City of London, to a private equity house. Sunday Telegraph
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News
Sub-prime set to hit $400bn
Senior global policy makers have raised projections for the size of sub-prime-related credit losses in a move that implies financial institutions will have to increase write-offs. Financial Times
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News
Farmland cost hits lifestyle buyers
City slickers who buy up swathes of countryside are in decline as the economic slowdown ends their dreams of a weekend retreat, a report out today will say. Financial Times, The Times
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News
Asda seeks planning rule escape clause
Asda is lobbying for planning rules to be suspended in so-called 'Tesco towns', a move which would allow the WalMart-owned retailer to build giant out-of-town superstores on greenfield sites, The Sunday Telegraph has learned. Sunday Telegraph
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News
Posh house prices head for skid row
House prices in some of central London’s swankiest areas have started to fall, as the property slump looks set to widen and affect the top end of the housing market. Daily Telegraph
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News
Banks offer Rock securitisation option amid Virgin doubts
Royal Bank of Scotland, Barclays and Citi have offered to securitise half of the Bank of England’s emergency loan to Northern Rock, in a move which would cut the public’s exposure to the stricken bank. Sunday Telegraph Sunday Times The three banks approached the Treasury in the past few days ...
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News
Celebrity fund targets sub-continent
THE celebrity-backed property fund manager aAIM is to launch a $2bn (£1bn) property fund focused on the Indian market. Daily Telegraph (Sat)
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News
OFT set for Supermarket role
The Office of Fair Trading could be handed a key role in policing the expansion of the biggest supermarkets when competition regulators publish a long-awaited remedies statement this week in the final stages of a two-year inquiry into the £120bn grocery market. Sunday Times
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News
Housing repossessions up
Home repossessions leapt by 21% to 27,100 last year, according to the latest figures from the Council of Mortgage Lenders. The figure is expected to rise to 45,000 in 2008. However, this is still far fewer than the 75,000 homes repossessed in 1991. Sunday Times
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News
Crown earns from green energy
The Crown Estate will earn windfall profits of at least £100m a year from Britain’s booming offshore renewable energy industry. The estate, which owns the foreshore and seabed around the UK, has already signed contracts worth tens of millions of pounds with operators of offshore wind farms. The Times
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Online
Race begins at Basildon sporting village
Basildon Council has short-listed three leisure operators to develop its 140,000 sq ft sports village.
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OnlineUBS’s Tooley Street bought by HSBC Private Bank
Private clients of HSBC Private Bank have bought UBS’s 160 Tooley Street for around £135m.
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Online
GE bulks up in Poland
GE Real Estate has bought the remaining 24.8% interest in its Polish joint venture Green Holdings for €80m (£59.4m).
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News
Mark Rigby's Six Nations Rugby Blog
Mark Rigby is Chief Executive of Lambert Smith Hampton (LSH) and a former Captain of Wasps RUFC.
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News
British Land takes £1.3bn hit
British Land has become the first big property company to reveal the extent of the property downturn after admitting yesterday that more than £1.3bn had been wiped off its portfolio. Financial Times, The Times, Daily Telegraph, Independent
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News
Scots avoid worst of housing problems
The Scottish housing market is 'thriving' compared with that of London because the global economic turmoil appears to have left the local economy relatively unscathed, a study suggests. Financial Times
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News
Canary Wharf signs Moody
Canary Wharf Group, the Docklands developer, has signed up Moody’s, the rating agency, to take 170,000 sq ft of space over six floors in its One Canada Square building. Moody’s will move out of its various City office buildings to take the space, once occupied by Telegraph Media Group, paying ...
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News
New home buyers cut out of savings
Banks and building societies wasted little time in passing on yesterday’s interest rate cut to existing mortgage borrowers, but new home buyers may not see this benefit. Financial Times
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News
Kazakh group secures credit line
Chagala Group, the largest Kazakh property developer listed on the London Stock Exchange, has agreed a $53m (£27.3m) credit agreement with HSBC and Raiffeisen Zentralbank Österreich to build serviced apartments, offices and hotel projects in Atyrau and Aktau in the west of Kazakhstan near the Caspian Sea, which serve the ...
