All Property Week articles in 09 November 2007 – Page 10
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Thornfield to develop Hemel Hempstead arts venue
Thornfield Properties and the Bank of Scotland, have been selected as the preferred development partner for a new £25m arts venue in Hemel Hempstead.
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OnlineGlasgow’s Buchanan Galleries to double in size
Glasgow City Council yesterday approved an outline planning application to double the size of the Buchanan Galleries making it one of the largest shopping centres in the UK.
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OnlineBellis and Cummings to leave Erinaceous
Two of the founders of troubled property services firm Erinaceous have been put on gardening leave by the company.
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Consumers weary of ‘green’ marketing
A consumer backlash has started against retailers and brands that appear to be jumping on the ‘green’ bandwagon, according to research from Viewpoint.
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Castlemore pulls out of National Grid venture
Castlemore Securities has pulled out of its joint venture to redevelop a London gasworks with National Grid.
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Peto: values have fallen 10% since July
The latest Investment Property Databank valuation figures massively underestimate the slump in the market, according to the RICS’ valuation faculty head.
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OnlineQueen’s Speech features housing and planning reform proposals
Climate change, housing regeneration, and planning reform were at the heart of Gordon Brown's proposals for the built environment in his first Queen's Speech as prime minister.
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Liberty shopping centre values unaffected by credit crunch
Liberty International this morning reported no change in its net asset value in the third quarter, as the value of its prime shopping centre-led portfolio was barely affected by the onset of the credit crunch.
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Trillium in £110m PFI refinancing
Land Securities Trillium, the PFI and outsourcing arm of Land Securities, has completed a £110m refinancing of four completed school PFI projects.
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OnlineDTZ European HQ set for London’s Old Broad Street
DTZ has made its long-awaited decision on a new European headquarters and will be moving to Hammerson’s office scheme at 125 Old Broad Street in the City of London.
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GE Buys in Sweden
GE Real Estate Nordic increased its Scandinavian property exposure with the purchase of a retail unit at Skiftinge retail park in Eskilstuna, Sweden for an undisclosed sum.
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Development Securities buys 25% stake in Manchester’s CTP
Development Securities has bought a 25% stake in Manchester-based property developer, CTP.
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OnlineM&S and Prologis team up for distribution hub
Marks & Spencer announced today that it would team up with Prologis for a major distribution centre in Bradford, West Yorkshire, as tipped by Property Week (14.09.07).
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News
Primark to build on successful Spain foray
Primark, the discount retailer, will unveil plans to open five stores in Spain when its parent company, Associated British Food, reports full-year results today. Primark is also believed to be looking at opening stores in Portugal in the longer term. Daily Telegraph
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Pooled property funds see net outflow
For the first time in almost five years, more money is being withdrawn from pooled commercial property funds in the UK than being invested. Financial Times, The Times
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Chunnel firms attracts break-up interest
London & Continental Railaways the £5.7bn Channel Tunnel Rail Link, which today is formally opened by the Queen, has received a number of break-up enquiries in the last few days. Daily Telegraph
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Business leases shorten
The average business premises lease has fallen to 5.7 years, according to the annual review by the British Property Federation. Daily Telegraph
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Tchenguiz battered by Sainsbury’s fallout
Investors stampeded out of stocks in which Robert Tchenguiz holds stakes yesterday after the failure of the J Sainsbury bid. The Times, The Guardian
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Delancey in record letting
Delancey, Standard Life Investments and the Portman Estate have let half of their 40 Portman Square scheme between £100 and £105 per square foot, a record for the locality. The tenants are European Credit Management, part of Wachovia of the US, and BC Partners, the private equity firm.
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Credit squeeze starts to bite
Activity in retail, services and manufacturing has slowed sharply, according to a clutch of data, suggesting tighter credit conditions may finally be taking their toll on the economy. Financial Times, The Times.
