All Property Week articles in 09 April 2009 – Page 4
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Online
Dubai authorities detain Define Properties executive
A principal shareholder of Define Properties has been detained by Dubai authorities on provisional charges of fraud, prosecutors said.
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Online
Top Citic Pacific executives quit
Larry Yung, one of Hong Kong’s most prominent businessmen, resigned as chairman of Citic Pacific on Wednesday, five days after police raided the company’s headquarters as part of an investigation into alleged false statements and fraud at the state-owned conglomerate.
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OnlineBritish Land in talks to sell half of Broadgate
British Land is in talks to sell half of its £2.5bn Broadgate office estate in the City of London to private equity investors as part of efforts to raise cash and rebalance its property portfolio.
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Online
HSBC relaunches 90% loans
HSBC is to offer £1bn of new mortgages to borrowers with deposits of 10% or more of the value of their properties, prompting speculation that the logjam at this end of the home loan sector may finally be easing.
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Online
Bank firm on money printing plan
The Bank of England will today dismiss fears that it may cut back its quantitative easing programme, reaffirming its plan to spend at least £75bn largely on government bonds.
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Online
City vacancy up 10% in a quarter
NB Real Estate has said that the percentage of empty office space in the City of London had risen by more a tenth in the last quarter to 11.9%.
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Online
Pulte buys Centex to create largest US housebuilder
Pulte, one of the largest US homebuilders, said on Wednesday it would buy rival Centex for $1.3bn in stock in a deal that reflects the growing importance of size during the economic downturn.
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Online
Housebuilders rise on Goldman note
Shares in house builders made tentative gains this morning after Goldman Sachs said it could see some green shoots in the embattled sector.
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MarketsNo sign of turbulence
The UK high street may be feeling the pinch of the recession, but airport retail remains buoyant
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Professional
Peters takes Women in Property’s Yorkshire post
Germaine Peters has been appointed as chairman of the Yorkshire and north-east branch of the Association of Women in Property
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NewsNpower’s Sunderland surge
Npower has bought a former Northern Rock campus in Sunderland to consolidate several regional offices
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ProfessionalPractical necessity
The growing number of practical completion cases highlights the need to study the finer points of a contract
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News
St Modwen’s West Mids wins
St Modwen has completed several Midlands lettings. Shredall Data Storage has taken 60,000 sq ft at Bestwood Business Park in north Nottingham
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News
Metnor to make Newcastle united
Metnor Property Group has produced a masterplan to redevelop a site in Newcastle upon Tyne
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ProfessionalTroubleshooting on location
There are many factors to consider when locating a business. Shelley Frost offers 10 pointers
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News
Specsavers’ Leeds vision
Specsavers, advised by King Sturge, has agreed a new 10-year lease on a 6,500 sq ft unit on Albion Street in Leeds, at £190,000 a year with 13 months rent free
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Insight
Retail leases need updating
Sir, Your article – BPF says landlords and retail leaders must work together – (PropertyWeek.com, 26.03.09) suggests retailers’ staff expenditure dwarfs their property costs
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News
Kirkby joins Wilkinson Williams
Surveyor Ellie Kirkby has joined the investment team at London out-of-town retail specialist Wilkinson Williams
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Online
Software and technology: we shun integration at our peril
David Lawson on the need for a unified, industry-wide approach to software as the recession bites
