All Property Week articles in 1 October 1999 – Page 2

  • News

    Record rent for Dublin offices

    1 October 1999

    A new record rent for Dublin s core office market has been set at Hardwicke House in Hatch Street, central Dublin. Two international banks have signed up for pre-lets at the building, developed by Hardwicke, at IR£355.20/sq m (IR£33/sq ft). The rent is believed to be a record for ...

  • Markets

    A driving force in the market

    1 October 1999

    Supply is diminishing and parking is the key issue.

  • News

    Government review spells doom for planning gain

    1 October 1999

    A radical alternative to planning gain where developers stump up cash for civic projects as a condition of receiving planning consent for their schemes is being considered by the government. Property Week has learned that the DETR has started a review of planning ...

  • Markets

    Reeling in the developers

    1 October 1999

    Gap growing between strong centres and smaller market towns.

  • Insight

    Deals on wheels?

    1 October 1999

    Multi-dealership auto parks are the latest way of bringing customers and cars together, but can developers sell the idea to institutional investors?

  • News

    Currys feels the heat as KF fight ends

    1 October 1999

    Knight Frank s senior partner was cleared this week of negligence charges in a court victory against retail giant Currys. The decision in John Martin s favour ended a six-year battle over what the retailer claimed was an excessive and negligent rent review he gave in ...

  • Insight

    Disparate region needs a common spirit

    1 October 1999

    The South West Regional Development Agency lays claim to one of the most disparate and varied areas of influence in the country, covering Devon, Cornwall, Gloucestershire, Wiltshire and Bristol. It stretches from Swindon, where there is full employment, down to Penzance, which desperately needs the boost of inward investment. ...

  • News

    Upton throws in the towel over CNC

    1 October 1999

    Richard Upton has given up his bid to take over CNC Properties three weeks after his financial backer pulled the plug. Upton announced last week that his vehicle, Chesham Portfolio Management, had been unable to progress discussions with possible funders due to the limited time available. Accordingly, ...

  • Markets

    Changing face of the market

    1 October 1999

    Vacancy rates are falling and rents look comparatively low.

  • Insight

    Cash-strapped but knowledge-rich

    1 October 1999

    The East of England Regional Development Agency covers the six counties of Bedfordshire, Cambridgeshire, Essex, Hertfordshire, Norfolk and Suffolk, and plans as part of its strategy to catapult the east of England into the top 20 of the European Union s regions by 2010 ...

  • News

    Canary Wharf scuppers its share sale

    1 October 1999

    Canary Wharf Group stunned the stock market on Tuesday when it pulled a £200m share placing that had been announced just one day earlier. Credit Suisse First Boston, the lead manager to the sale, offered no official reason for the decision. But an industry source suggested there were fears ...

  • News

    Canary Wharf rise softens property share slump

    1 October 1999

    Significant share price drops last week at all the major property companies, except for Canary Wharf , caused a 2% drop in the sector. The Real Estate Index fell to 2003, while the All-Share was also down 2% to 2790. But for the 2.5% rise in Canary Wharf's shares, following ...

  • Professional

    Cooking up business

    1 October 1999

    A practical example of close working is the relationship of chartered surveyor Donaldsons with Pizza Hut, developed over the past five years. Initially, the instruction covered acquisitions and estates management. This expanded to include disposals, building and project consultancy, a wider estate management function and professional work.All staff involved with ...

  • News

    Despa buys in Budapest

    1 October 1999

    German fund Despa is understood to have paid DM50m (£16.3m) for the Daewoo Bank building in Budapest, Hungary. Daewoo, which owned the 10,000 sq m (9,300 sq ft) building having built it for itself in 1998, will lease back half of it. Other occupiers are the World Bank and Computer ...

  • News

    Brixton ties up Pearl venture

    1 October 1999

    Brixton Estate has set up its second limited partnership joint venture with an institution. It has linked up with Pearl Assurance to buy two assets in west London the major parts of Brixton s Greenford Park scheme and Pearl s Premier Park at Park Royal. Greenford Park ...

  • News

    Chartwell in Bristol deal

    1 October 1999

    Developer Chartwell Land is discussing plans for its largest current development project, having paid £24.86m for the site of the former Imperial Tobacco factory to the south of Bristol. Demolition was underway of the 1970s factory, which was once the world s largest unsupported structure, when the owner City ...

  • News

    Ronson sells off as he breaks into Europe

    1 October 1999

    Gerald Ronson , the property tycoon who runs Heron International , is to sell a chunk of his UK property portfolio to finance his aggressive expansion into continental Europe. Ronson is expected to raise £85m by selling four UK offices to a private Middle Eastern client of Morgan Grenfell ...

  • News

    Birmingham calls for Urban Priority status

    1 October 1999

    A key recommendation of Lord Rogers Urban Task Force is to form the backbone of Birmingham City Council s strategy to redevelop the east side of the city. Albert Bore , leader of Birmingham City Council, frustrated by delays to the city s Mass House regeneration scheme, has ...

  • News

    Chelsfield loses Earls Court bid

    1 October 1999

    Chelsfield and Land Securities have missed out on buying P&O s London exhibition centres Earls Court and Olympia. Venture capital firm Candover Investments has won exclusive negotiating rights for a bid of up to £200m. The venture capitalist is backing the five Morris brothers, who run the Business ...

  • News

    Berisford gives up on residential

    1 October 1999

    Berisford, the food manufacturer, moved out of housebuilding last week after five acrimonious years of trying to get a residential consent for its disused sugar beet factory in Felsted, Essex. David Wilson Homes has agreed to buy the 6 ha (15 acre) site for more than £12.75m. The site ...