All Property Week articles in 10 August 2007 – Page 3
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JLL buys LA agent - Times
Jones Lang LaSalle has bought Zietsman Realty Partners in Los Angeles for an undisclosed amount.
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Dawnay Day Carpathian buys Romanian site – Times
Dawnay Day Carpathian, the AIM-listed central European developer, has bought a site in Romania for €14.3m (£9.7m).
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IPD: property returns lowest for 12 years – Financial Times
The Investment Property Databank has reported the lowest monthly return from the property sector for 12 years.
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US housing downturn worsens as sales fall 11% - Financial Times
An index of sentiment among US housebuilders fell to its lowest level in more than 16 years and estate agents reported prices falling in a third of American cities.
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HBOS abandons Quintain takeover– Times, Financial Times, Daily Telegraph
HBOS has dropped plans for a £1.6bn takeover of Quintain Estates & Development amid continuing turmoil in global credit markets.
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Stobart seals £138m ‘asset swap’ with Westbury fund - Times, Independent, Guardian
Road haulage company Eddie Stobart has sealed what amounts to an asset swap with the Westbury Property Fund.
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HBOS rules out bid for Quintain for time being
Quill Securities, a subsidiary of bank HBOS, said today it had no plans to make an immediate offer for Quintain Estates.
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ODA approves Olympic Park plans
The Olympic Delivery Authority planning committee has recommended the approval of the planning applications for the Olympic Park.
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JLL buys Los Angeles investment brokerage company
Jones Lang LaSalle has bought Los Angeles-based investment banking company Zietsman Realty Partners.
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GL Hearn to draw up plans for new Preston city centre
GL Hearn has been appointed to help draw up a master plan for a new central business district in Preston.
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Buccleuch's Glasgow evolution
Buccleuch Property has received planning permission to redevelop Intercity House in the financial district of Glasgow, Scotland.
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Westbury Property Fund exits the property industry
Westbury Property Fund is to exit the property market with the sale of £142m of its wholly-owned assets to WADI Properties.
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Dawnay Day buys in Romania
Dawnay Day Carpathian has completed its second deal in Romania as it looks to increase its exposure in the country’s regional retail market.
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Castlemore gets approval for Mere Green
Castlemore Securities has been given the green light from planners for its Mere Green mixed-use scheme in Birmingham.
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Greenfield development ‘is key to housing target’ – Financial Times
A report by the Social Market Foundation says the government will fail to meet its target of 3m new homes by 2020 without building on greenfield or green belt land.
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US homebuilders hit by Wall Street volatility – Financial Times
Homebuilding stocks were among those leading a slide on Wall Street yesterday.
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Intercontinental to add 60,000 rooms – Times, Daily Telegraph
InterContinental Hotels Group expects to beat its target of adding up to 60,000 new rooms by the end of 2008.
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Merrill Lynch-backed sub-prime lenders forced to raise mortgage rates - Times
Two of the UK's biggest sub-prime mortgage lenders have been forced to raise interest rates.
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Hunter raises Dobbies stake – Times, Independent
Sir Tom Hunter is expected to raise his stake in garden centre operator Dobbies to nearly 30% in his continuing share-buying battle against Tesco.
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Savills hires new finance chief - Times
The property services company has appointed Mark Dearsley as its new group finance director.