All Property Week articles in 10 August 2007 – Page 5
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Bank of England reassures markets on unlimited credit facility - Times
The Bank of England broke its silence on the credit crisis yesterday by reassuring markets that banks could borrow from its unlimited credit facility if they need to increase liquidity.
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Markets rebound after central banks inject funds – Times, Guardian, Independent
European stock markets bounced yesterday following fund injections by central banks.
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Rising building costs threaten developments – Financial Times
Research by Davis Langdon Rising shows that construction costs could hit large infrastructure schemes and proposed.
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Redevco wins consent for City debut
Redevco has been granted planning permission for the redevelopment of 120 Moorgate in the City of London
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Cushman & Wakefield opens in Ukraine
Cushman & Wakefield has added to its European office network by opening its first office in Ukraine.
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New owners for furniture retailer Ilva
Furniture chain Ilva has been bought by Icelandic company Rumfatalagerinn.
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Anglo Irish and Alanis team up to buy Metquarter
Anglo Irish Bank Private Banking and Alanis Capital have bought Liverpool’s Metquarter shopping centre.
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Barclays hands over £40m funding for Barnsley scheme
Gateway Plaza, the £70m mixed-use scheme in Barnsley, has received £40m funding package from Barclays Bank.
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RREEF buys Christchurch centre for £20.5m
Deutsche Bank 's property arm RREEF has bought the Saxon shopping centre in Christchurch from London & Associated Properties for £20.5m.
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Tandem Centre signs major food outlets
Frankie and Benny’s, Nandos and Starbucks are the first food outlets to take space at the Tandem Centre in South West London.
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Bellway chosen for £100m Ilford scheme
Bellway Homes has been selected as developer for a £100m scheme in Ilford.
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Tories propose 'green city' for Thames Gateway - Guardian
Former Conservative cabinet minister John Redwood will argue this week that for giant eco-city to be built on reclaimed land along the Thames estuary between London’s Docklands and the Medway towns to alleviate overcrowding in the capital and boost the capital's economic competitiveness.
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Reubens may join $3bn bid for Orient-Express - Times
Former Tory Party treasurer Lord Marland and the Reuben brothers could join forces to make a $3bn (£1.4bn) bid for OrientExpress Hotels, the company behind the eponymous train and some of the world’s most famous hotels.
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Market turbulence 'threatens growth' - Times
Economists last night gave warning that further turbulence in stock markets this week could hit growth in the world’s leading industrial economies.
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Rate rises to hit economic growth – Daily Telegraph
Rising interest rates are set to hit growth with a slowdown likely by the end of the year, predicts British Chambers of Commerce.
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Dobbies chief criticises Hunter – Daily Telegraph
James Barnes, chief executive of garden centre operator Dobbies, has accused Sir Tom Hunter of trying to scupper Tesco’s £156m takeover of the chain ‘for his own commercial ends rather than for the benefit of our shareholders’.
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ALG’s AIM debut defies market jitters – Financial Times, Times
A developer run by Zurich Group co-founder Malcolm Wright and backed by Minerva founder Sir David Garrard is to make its debut on AIM today after raising £75m in last week’s volatile equity markets.
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Delta urged to increase equity in Sainsbury’s bid – Financial Times
Delta Two, the Qatari-backed fund attempting to buy Sainsbury’s, is under pressure to put more equity into the £10.6bn.
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Tchenguiz set to delay Somerfield refinancing – Financial Times
The crisis in the credit markets means a proposed £1bn-plus refinancing of Somerfield by Robert Tchenguiz will not happen for months.
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Planning system ‘cannot cope’ with big infrastructure projects – Financial Times
Vital improvements to transport links are being delayed for years because the planning laws cannot cope.