All Property Week articles in 1 October 1999 – Page 3
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News
B&B warns on buy-to-let
Amateur landlords were advised last week to buy homes for rent that are easy to sell, because rent increases were not keeping pace with property prices. Bradford & Bingley Estate Agents lettings director, John Crossley, pointed out in the autumn edition of Residential Lettings Report: Capital value increases ...
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News
Beckwith and DePfa join Euro bandwagon
UK financier John Beckwith and German bank DePfa have become the latest investors to throw their hat into the European ring, both announcing this week the formation of property funds. Beckwith has formed the Europa Fund, with euro1bn (£625m) to spend in western and central Europe over three years ...
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News
MWB doubles net assets
Marylebone Warwick Balfour has revealed a spectacular doubling of its net asset value to 143p a share in the year to 30 June, following the first revaluation of the investment portfolio. The diversified property company, which reversed into property investor Ex-Lands on 30 June 1997, benefited from an uplift ...
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News
Arlington swoops as Thames Valley hots up
Competition for business park development sites in the Thames Valley intensified this week as two of the few remaining lots went under offer. Arlington bought from British Aerospace by PRICOA last year for £285m broke its almost year-long duck by snapping up the ...
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News
New approach in City plan
The Corporation of London has outlined exactly how its new, more interventionist approach will operate in a draft of its new Unitary Development Plan. For the first time, the City s UDP has incorporated strategic economic development policies, powers for use of Compulsory Purchase Orders to help the ...
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News
Apollo launches drive into Czech market
An American fund has become one of the first overseas property investors to make a bet on the Czech Republic. Pelham Partners last week took a 33% venture capital stake in property company Portland Trust. Pelham, founded by former-Goldman Sachs analysts Roger Orf and Don Blenko, is the European investment ...
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News
Industry top brass sets sail on property forum’s maiden voyage
More than 300 key players in the industry attended the UK s first property forum last week a gathering for a day on a cruise ship anchored off the Channel Islands. The event on the MV Victoria attracted the likes of Ian Marcus , Credit Suisse ...
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News
Tesco’s customer of the century
The retail development industry has found a new champion in Dora Delf, who fought national and local government to gain a Tesco store for Padstow in Cornwall, where she lives. Undaunted by the fact that a public inquiry had upheld the local authority s refusal to allow a 1,542 ...
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News
Chesterton stops the rot with £4m profit
Long-suffering and much-maligned property consultant Chesterton International is back in the black. The firm has stemmed two years of losses, which totalled £9.1m, to achieve a pre-tax profit of £4m in the year to 30 June. And it no longer has any debt borrowings have been cut ...
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News
27% RICS fees hike slammed
Grassroots members of the RICS have responded with scepticism to radical proposals for restructuring the institution announced at this week's general council meeting. There was strong criticism of a proposed 27% hike in subscription fees over the next two years, which would see a fellow's annual fees rise ...
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News
RICS: revamped with a new look to embrace the 21st century
RICS members attending Monday s general council meeting were more enthusiastic about the institution s proposals for change. Members were told that the new-look institution will raise the status of the profession via promotion, technology and a stronger international network. Each member is to have access to up to ...
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News
Dunloe dancing after £12m Dublin windfall results sink in
Irish developer Dunloe Ewart has reported stunning results for the first half of the year, thanks mainly to the sale of a 50% interest in a development site to British Land . Pre-tax profits in the six months to 30 June were up 510% to euro19.8m (£12.6m), of which ...
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