All Property Week articles in 10 August 2007 – Page 14
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AAIM buys in Budapest
Plaza Centres’ share price rose 12p to 196p after the property company announced the sale of its largest asset, the Arena Plaza shopping and entertainment centre in Budapest. Daily Telegraph
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Property stocks provide solace
Property stocks, which typically over- and underperform the market by a factor of two in periods of turbulence, enjoyed a day in the sun yesterday. Daily Telegraph
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Greene King orders double portions of Loch Fyne
Greene King plans to double the number of Loch Fyne Restaurants. The Times
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Laing O’Rourke profits up by a third
Laing O’Rourke is today to unveil a 30% rise in pretax profits and confirm expectations of similar levels of growth in 2008. Financial Times
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Pendragon picks off competitors’ dealerships
Pendragon, the UK’s biggest car dealer, is to take advantage of a sluggish market by removing weaker competitors. Financial Times
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Eleco provides concrete evidence of building boom
Shares in Eleco, the building materials group, have nearly tripled in the past two years, closing last night at 104¼p. The Times
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HSBC creates property multi manager team
HSBC Investments has created a dedicated property multi manager fund team, it announced this week.
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GIC buys in Sweden
The Government of Singapore’s property arm, GIC Real Estate has paid E123m (£87m) for the Kungshuset office building in Stockholm.
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Multi Development appoints commercial director
Multi Development has appointed Michael O’Hagan as commercial director.
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Property lending reaches highest ever levels
Money borrowed for property deals reached its highest ever level as a proportion of total UK debt, new figures revealed yesterday.
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Westfield's masterplan for Stratford town centre approved
The Olympic Delivery Authority and the London Borough of Newham have approved the masterplan for Westfield’s town centre district of Stratford City.
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AAIM completes €400m Budapest retail deal
Celebrity backed property fund manager Active Asset Investment Management has completed the €400m (£270m) purchase of Budapest’s largest shopping centre.
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IFA Hotels to develop luxury Seychelles resort
International hotel developer IFA Hotels has teamed up with Indian Ocean Resorts to develop a luxury marina resort on the Sainte Anne island of the Seychelles.
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London’s New West End synagogue gets listed
The Department for Culture, Media and Sport has listed the New West End Synagogue today.