All Property Week articles in 1 October 2004 – Page 3
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News
Deutsche buys Darling portfolio
Deutsche Property Asset Management has bought the Darling portfolio of three office properties from overseas clients of Jones Lang LaSalle for £32.1m at a yield of 8%.
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News
Prudential rebrands investment business
Prudential Financial of the US has rebranded its real estate investment management and advisory business as Pramerica Real Estate Investors in Europe and Asia.
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News
Farnborough business park
This 70 ft aircraft hangar will be reassembled by Slough Estates to form the centrepiece of the 25 acre (10 ha) Farnborough business park (right). The scheme, which will provide 1.7m sq ft (157,934 sq m) of offices and 500 flats, began last week.
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MarketsSick builders syndrome
Unloved by the City and struggling to meet government demand for big projects, contractors are looking for bigger margins and are desperate for new recruits.
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NewsBirmingham NEC searches for resort casino operator
ATIS Real Weatheralls advising on gaming complex of up to 200,000 sq ft
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NewsBernerd and Reubens ruminate on bids from Down Under
Simon and David Reuben, the wealthy brothers who own 35% of Chelsfield , are weighing up their options in the face of two competing offers of £585m-plus for the company, writes Robin Marriott. The pair, who helped back a £404m public-to-private buyout by chairman Elliott Bernerd (pictured right) four months ...
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Markets
Bellway chosen in Swindon
Bellway has been selected as the preferred housing developer for the mixed-use regeneration of Cavendish Square in the Parks area of Swindon.
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News
Barwood’s sweet letting
Barwood Developments has secured a giant distribution letting to chocolate maker Cadbury in Milton Keynes.
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News
Banks bullish on property prospects
Lenders are three times more confident about the prospects for the market than they were a year ago.
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NewsBanker Padovan takes Dawnay Day chairman role
Dawnay Day Property Finance Group, the specialist property finance company, has appointed well-known City banker John Padovan as non-executive chairman.
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News
Invesco joins private investor bandwagon
Invesco follows Scottish Widows and Isis with £200m listed vehicle
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MarketsFarnborough flies back
Location of the UK’s first flight, the former Ministry of Defence aircraft factory in Farnborough is being transformed into a business park that will retain its historic core.
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News
Managerial switch for Gazeley as it awaits new boss
Top industrial developer Gazeley has restructured its management in preparation for chief executive John Duggan’s move to a less hands-on role as chairman in March 2006.
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News
Auctions struggle to find enthusiasm as further rate rises loom
The first big commercial property auction of the season last week demonstrated that interest-rate rises had softened the enthusiasm of private investors. Investors who attended the Harman Healy event appeared to have reassessed their ability to service debt with further rate rises looming. The sale achieved a success rate of ...
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NewsReit Asset Management completes first letting at St Katharine’s Dock
REIT Asset Management has completed its first letting at London’s St Katharine’s Dock since buying it in March. It has let 15,200 sq ft (1,410 sq m) in Devon House to the London Development Agency (LDA). The LDA, which is already a tenant on the estate, is paying £26.25/sq ...
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MarketsHigh art and low culture
Plans are afoot in Southampton to create separate areas for highbrow and popular cultural activities.
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Insight
Not all firms undervalue their graduates
Sir, I have sympathy with David Cracklen’s point about job opportunities in the residential sector (letters, 17 September, p24). I can assure him that some local practices are prepared to invest in the future generation of surveyors. We have two graduates in the residential department. However, it is difficult to ...
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Insight
It’ll all come out in the wash
Sir, In the recent Hanover Square cartoons on the subject of money laundering, John Fardell has done an excellent job in understanding the background to the issues and setting these into real-life situations. With the money laundering regulations having been extended to the estate agency sector from 1 March, these ...
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