All Property Week articles in 10 August 2007 – Page 2
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Travelodge appoints eight London agents
Travelodge has appointed eight agents in London to drive its expansion plans in the capital.
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RBS takes ABN stake to 4% - Financial Times
The Royal Bank of Scotland-led consortium that is bidding for control of Dutch bank ABN Amro has raised its stake to above 4%.
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LandSecs to submit revised £2bn Victoria plans – Financial Times
Land Securities is to submit its plans for a £2bn office and residential scheme in London’s Victoria to Westminster City Council today.
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British Land posts strong second-quarter results, but warns of market problems – Times, Financial Times
The company posted its second-quarter figures yesterday, showing pretax profits of £76m, a 4% rise on last year.
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Sainsbury's plans Coventry move – Financial Times
Sainsbury’s is planning to move its general merchandise operation to Coventry as part of efforts to increase non-food sales.
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HBOS to buy Keepmoat - Times, Financial Times
HBOS announced that it has teamed up with the management of Keepmoat, the Doncaster-based builder and repairer of social housing, to buy the company in a deal worth £783m.
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Walls Group buys Scottish House - Times
Dublin-based property company Walls Group has agreed to buy London Scottish House, London Scottish Bank’s head office in Manchester, for £20m.
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Aseana buys Kuala Lumpur land - Times
Aseana Properties, the London-listed developer which is backed by Malaysian construction group Ireka, has bought a plot of land in Kuala Lumpur for £29m through a joint venture with Malaysian Corporation Berhad.
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Workspace appoints new operations director - Times
Workspace has appointed Chris Pieroni as its new operations director.
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Northern Rock target prices cut – Times, Guardian
JPMorgan and Merrill Lynch have cut their target prices for Northern Rock.
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FTSE suffers biggest fall for four years – Times, Financial Times, Daily Telegraph, Guardian, Independent
Nearly £60bn was wiped off the share values of the UK’s bluechip companies amid fears of a global credit crunch.
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Aseana and Malaysian come together in $180m project
Aseana Properties has teamed up with property and construction company Malaysian Resources Corporation Berhad to develop a $180m (£90m) hotel and office scheme in Kuala Lumpar.
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JLL recruits director for Middle Eastern growth
Jones Lang LaSalle has appointed Graham Coutts as international director for the Middle East and North Africa (MENA)
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Helical boss smashes Fastnet record
Mike Slade’s ICAP Leopard yacht yesterday smashed the Rolex Fastnet Race monohull record
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Canton AIMs high after raising $55m
Hong Kong-based property development company Canton Properties started trading on AIM today, after raising $55m (£27.1m)
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Lambert Smith Hampton's Birmingham investment director to stay
Ed Jones, director in the investment team at Lambert Smith Hampton’s Birmingham office, has reversed his decision to quit the firm.
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BBC to sell off studios - Independent
The BBC is to sell off around 18 studios as it continues to slim down its operations.
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Developers' shares bounce back - Times
London stocks were hit yet again by fears of a global credit crunch after markets slumped in Japan and Hong Kong. However the FTSE 100 recovered, ending down just 34.2 points at 6,109.3, helped by benign economic figures and the news that rate setters at the Bank of England had ...
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Halabi considers legal action over Esporta – Financial Times
Simon Halabi may take legal action against the former owners and managers of Esporta, the health and fitness chain he bought for £476m, after its parent company went into administration.
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Sainsbury’s delay for Delta - Times
Sainsbury’s senior management has told investors that talks over a £10.6bn takeover proposal from Delta Two, the Qatari-backed fund, are likely to take several more weeks.