All Property Week articles in 08 May 2009 – Page 4
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Leslau to float new property company Max Property Group
Nick Leslau’s new property investment company Max Property Group, which aims to take advantage of UK property opportunities, announced its intention to float on AIM and the Channel Islands Stock Exchange today.
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Hurstwood restructures £100m debt
North west property company Hurstwood has restructured its debt and reorganised its business.
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Tough times ahead in M25 market, says Knight Frank
Rents in the south-east office market have fallen by 15% from their peak 18 months ago and probably have a further 18% to fall over the next two years, according to Knight Frank’s annual M25 office research.
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April drop in home listings across US
The number of homes listed for sale in many U.S. cities continued to fall in April in what some analysts see as a sign that the market may be nearing a bottom. But the picture is clouded by uncertainty over how many foreclosed properties will hit the market.
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AIG nets $1.2bn for Tokyo building
The transaction, which would be among the biggest divestitures AIG. has made to reimburse the federal government for its huge infusion of aid, is expected to close in the second quarter.
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Oz first-home buyers rush for loans
Home loans increased more than expected in March, as Australians took advantage of grants and lower interest rates to enter the housing market for the first time.
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Palm Jumeirah prices hit three-year low
House prices on Nakheel’s Palm Jumeirah project have fallen below AED800 per square foot for the first time in over three years – and nearly 60% down in the past five months, Arabian Business can reveal.
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Dubai ponders scrapping 27 projects
Dubai regulators are gearing up to review all outstanding developments under a new law that gives them authority to cancel projects that do not start construction within six months of being approved by the Dubai Government. They are already considering cancelling 27 projects and are ready to halt additional developments ...
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Madison Square Garden 'not for sale'
Cablevision Systems said it has no plans to sell the Madison Square Garden unit or any other businesses, less than a week after the board gave managers permission to explore a spinoff.
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Goldman pays $60m in subprime settlement
Goldman Sachs agreed to pay about $60m to settle a Massachusetts investigation into the packaging of mortgage securities at the root of the collapse of the U.S. housing market.
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Emaar to hire 1,600 people
Emaar Properties, the United Arab Emirates biggest real-estate developer, plans to hire 1,600 people for its retail, hospitality and leisure businesses, state- run WAM reported, citing Emaar’s chairman.
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Auction house prices a quarter below open market
The prices paid for property at auction still have a long way to fall, but the outlook for the housing market is not quite as dire as a few months ago.
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Downturn easing says ECB chief
Leading central bankers yesterday signalled that the downturn in the world economy had bottomed out with some large economies already able to look forward to renewed growth.
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FSA hits martgage broker with £100,000 fine
A mortgage broker who hid a criminal record and asked that regulators travel to Nigeria to interview him has been barred from practising and fined more than £100,000 by the City watchdog in a sign of its renewed determination to use hefty fines to deter wrongdoing.
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Travis Perkins opts for 'cheaper' £300m rights issue over bank facility
Travis Perkins has opted for a heavily discounted £300m rights issue to give it breathing space as the recession bites, rather than draw on untouched banking facilities because it is cheaper.
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Lend Lease slashes forecast
Lend Lease, Australia’s largest property developer has cut its profit forecast as the global real estate slump has forced it to delay asset sales. The company now expects net operating profit of A$300m (£150m) for the fiscal year ending on June 30, down 25% from a previous forecast of up ...
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Nakheel bailed out
The developer behind some of Dubai’s most extraordinary property projects revealed on Monday that it had resorted to taking funding from the emirate’s department of finance to help pay invoices.
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Urban regeneration report call for improve public space
All new public projects including housing, schools, and hospitals will be subject to new design standards, the government will announce today as it publishes the first big report on urban regeneration in a decade.
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Housing sales and buyer enquiries rise in April
Housing sales in April edged up ‘a little further’ and surveyors reported a rise in new buyer enquiries climbing to the highest figure for almost a decade, according to the RICS.
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Large digital screens must be carefully managed says CABE and English Heritage
Local authorities must have robust policies in place to manage the impact of large digital screens in public places or it could cause ‘significant harm to the character, appearance, amenity and even safety of places’ according to CABE and English Heritage.
