All Property Week articles in 09 November 2007
View all stories from this issue.
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News
Vulnerable villages to be lost to sea
Viillages threatened by coastal flooding are to be abandoned to the sea because ministers believe that it is not “cost-effective” to spend the vast sums needed to save them. Sunday Telegraph
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News
Baugur eyes Saks
Baugur has stepped up its takeover interest in Saks, the New York-based luxury retailer, by hiring NM Rothschild and Financo, a US corporate-finance boutique, to advise on the deal. Sunday Times
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News
Land Securities in three-way break up plan
Land Securities will this week announce radical plans for a three-way break-up. Sunday Times, Daily Telegraph
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News
Home deals falter as buyers withdraw
Falling house prices are causing buyers to pull out of property transactions in large numbers. Sunday Telegraph
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News
£700m approach for Peacocks from Bahrain
Arcapita, the Bahrain-based investment fund, has made an unsolicited approach to buy Peacocks, one of Britain’s largest discount fashion retailers, for about £700m. Sunday Telegraph
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News
Tchenguiz pressures Sainsbury's to sell its stores
Robert Tchenquiz is preparing another assault on J Sainsbury in a bid to convince it to spin off the retailer’s property portfolio and buy back shares. Sunday Telegraph, Independent on Sunday, Daily Telegraph
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News
Former Abbey chief is Northern Rock white knight
Luqman Arnold, who helped to disentangle the fallout from the collapsed hedge fund Long Term Capital Management in the 1990s is assembling a rescue plan for Northern Rock. Sunday Telegraph, Financial Times, Daily Telegraph, The Times
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News
HSBC expected to write down an extra $1bn
HSBC is expected to report another huge write down, of more than $1 billion (£480 million) by some estimates, on its portfolio of high-risk sub-prime mortgages in the United States. The Times
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News
Sub-prime crisis lands insurers with $2bn headache
The cost to insurers of claims against directors of companies caught up in the US sub-prime mortgage crisis could be more than $2bn, according to Guy Carpenter, the reinsurance broker. Financial Times
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News
Bankers eye property derivatives to exploit global differences
Bankers are using derivatives to exploit the contrasting outlook for commercial property in the US and UK. Financial Times
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Online
Morley lets Glasgow office to law firm
Law firm Semple Fraser has taken the top two floors of Morley’s 134,00 sq ft 123 St Vincent Street office development in Glasgow.
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Online
Aberdeen top of office rent increase table
Aberdeen has had the highest rate of increase in prime office rents in the last six months according to Knight Frank research.
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News
Tchenguiz seeks to trim M&B deal to revive it
Robert Tchenguiz is in talks with Mitchells & Butlers about reducing the size of their aborted £4.5bn pub property joint venture in an effort to revive the deal. The Times
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News
Estate agents accused of swindling schizophrenic
A pair of estate agents fleeced a “vulnerable” schizophrenic out of money, gold, jewellery and shares worth more than half a million pounds, a court was told yesterday. The Times.
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News
Subprime task force to study crisis
The umbrella body for the world’s securities regulators has created a taskforce that would study issues thrown up by the sub-prime crisis and credit market turmoil. Financial Times
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Online
Plaza buys second site Serbia
Shopping centre developer Plaza Centres has completed its second purchase in Serbia.
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OnlineAMB agrees lease on debut buy
AMB Property has completed a letting at its newly branded AMB East London Distribution Park, less than a month after buying the property – its first in the UK.
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Insight
In the Zone
Sir, There is no doubt that most rent reviews are now dealt with by means of a robotic zoning approach (12.10.07).
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News
Wood sets up Stratos
Knight Frank’s head of north-west commercial activities, Graeme Wood, has left to set up a Manchester-based development and investment consultancy.
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News
Tchenguiz stands by Sainsbury’s stake
Robert Tchenguiz this week dismissed rumours that he would offload his huge shareholdings in Sainsbury’s and Mitchells & Butlers despite losing more than £200m after the Sainsbury’s takeover collapse.
