All Property Week articles in 10 August 2007 – Page 13
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Interest rates to hit 6% by end of the year - Financial Times, Daily Telegraph, Times, Guardian
Interest rates look set to rise to 6% before the end of the year aFter the Bank of England yesterday forecast a slowdown in consumer spending to bring down inflation.
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Federal Reserve ignores pressure to cut interest rates - Guardian, Independent
The US Federal Reserve last night resisted pressure to cut interest rates to ease the turmoil sweeping the world's credit markets.
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RBS faces setback in £1.1bn hotels sell-off -Times
The debt market crisis has forced Royal Bank of Scotland to pull the sale of a £1.1bn package of hotel assets for the second time in two months.
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Inner Circle to develop Haringey Council site
Inner Circle has been appointed as the preferred developer for Haringey Council's Hornsey Depot site.
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Blow for Tesco at Sunderland Vaux Brewery site
Tesco has been dealt a blow in the ongoing planning row over the former Vaux Brewery site in Sunderland.
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RO Developments plans Hemel business park
RO Developments has bought the former 3 Com HQ in Hemel Hempstead for £2m and submitted a planning application to re-develop the site with 153,000 sq ft of offices.
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Twentyretail to cover last ten St Pancras outlets
London & Continental Railways (LCR) has appointed twentyretail as the lettings agent for the remaining retail and catering units at St Pancras International in London.
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Global 'invested market' to reach $13.7 trillion by 2012
The value of the global ‘invested market’ will grow by nearly 40% to $13.7 trillion (£6.7 trillion) over the next five years, according to the latest research by RREEF.
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Bank of Ireland confirms Bow Bells as new London HQ
The Bank of Ireland has confirmed that it will move its London headquarters to Bow Bells House in the City of London (as tipped by Property Week, 20.06.07).
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Elephant's Printworks gets green light
The Printworks development in London’s Elephant and Castle got the go-ahead today.
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European property investment tops €120bn in first half of year
Direct property investment reached €120.7bn (£82bn) in the first half of 2007, new research released today revealed.
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Staffordshire school gets new food technology centre
A food technology centre in South Staffordshire has been granted £1.2m of funding by regional development agency Advantage West Midlands.
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Rok gets green light for £10m Yorkshire scheme
Rok is to develop a £10m office scheme in North Yorkshire aimed at small businesses.
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CREO completes £350m Shanghai spree
China Real Estate Opportunities revealed today that it has completed almost £350m of purchases for its initial Chinese portfolio.
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Crunch talks for Sainsbury’s and Qataris
Crucial talks today between the board of Sainsbury’s and the Qatar-backed investment vehicle circling the chain will focus on the ability to deliver a bid. Daily Telegraph. The Times. The Guardian. Financial Times
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Freeport founder may face police probe
Sean Collidge, founder and former chairman of retail property group Freeport, faces the prospect of a possible Metropolitan Police investigation over allegations that he misused company assets, which were made during the course of a civil trial earlier in the year. Daily Telegraph
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Plans submitted for Watford Health Campus
The £1bn redevelopment of Watford Health Campus is a step nearer after plans were submitted to the local council yesterday.
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Cheltenham & Gloucester to close branches
Lloyds TSB is to close 31 Cheltenham & Gloucester branches, representing 17% of the network. Daily Telegraph. The Times. The Guardian
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‘Stable’ market boosts Bellway completions
Bellway was more optimistic than many of its housebuilder peers as it described the market as ‘stable, although incentive-led’ with some ‘robust’ areas after lifting its total number of completions from 7,117 to 7,638. Financial Times
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Welcome Break’s Welsh opening
Welcome Break has announced the opening of a new motorway service area on the M4 at Cardiff — its 26th— following an investment of £650,000. The Times