All Property Week articles in 10 December 1999 – Page 2
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Markets
Planning: controversial decision-making
Lancashire has not yet started a review of its structure plan that was approved in 1997; the first review report is not due out for consultation until this time next year. Cumbria s structure plan is even further out of date, having been approved in 1995. A first ...
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News
...while REStQ loses out in City deal
The sluggish City investment market was hit by a further setback last week when it emerged that the year s largest single investment deal had hit a brick wall. The £150m sale of Sumitomo Life s 52% stake in 60 Victoria Embankment to the highly secretive Schapira ...
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News
Workplace parking charges could depress rents
Experts have warned that the government s Transport Bill could depress rents in the office sector. The widely-anticipated proposals for workplace charging were revealed last week. According to Stephen Robinson, head of planning at GVA Grimley , the increase in occupational costs in areas where local authorities ...
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News
CB Hillier Parker and Visa drop West End moves
CB Hillier Parker has shelved plans to relocate its London head office to Burford s 50 Berkeley Street in Mayfair. The surveying firm this week said that after agreeing terms with Burford, the move had to be cancelled because it was unable to agree a ...
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News
RICS call to raise re-rating frequency
The RICS has called on the government to increase the frequency of rating revaluations from every five years to three to cope with the fast-moving market. Last month, Hilary Armstrong, Department of Environment Transport and the Regions minister, announced in her transitional relief statement that the system of ...
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Markets
Case study: Buckshaw Village, Chorley
As a result of the Royal Ordnance s departure from its 365ha (900 acre) complex at Euxton, Chorley, the property industry has the opportunity to bid for the first phase of Buckshaw Village. Phase 1 comprises 177 ha (395 acres) and will create the biggest urban village in decades. ...
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News
Grosvenor bridge project
Grosvenor Estate Holdings is set to build the UK s first habitable bridge across London s Thames. The Duke of Westminster s property company has teamed up with lobbying group London First, and is working on plans to build the bridge, which is thought to ...
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News
Berkeley homes in on Chelsea
Chelsea Harbour, the Thames-side development that is home to the rich and famous, is set for a further development phase, if the Berkeley Group completes a deal to buy the site. The scheme s owner, P&O, this week revealed that it is in talks to sell the ...
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News
Prizes for your writers awards
Property Week staff had a successful evening at the International Building Press s 1999 annual journalism awards last week. At the Four Seasons Hotel in London s Park Lane, Property Week executive editor Giles Barrie won the News, Business/Financial and overall IBP Journalist of the Year awards. A piece he ...
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Professional
Managers turn attention to occupier needs
Property management More companies are waking up to the fact that property managers don't just act for investors – they can also act for occupiers.
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News
RICS attacks pollution laws
The government was told this week that local authorities either lacked the necessary skills or ringfenced funding to successfully implement its latest contaminated land legislation. In a systematic attack on the DETR s draft proposals to reform existing guidance which would see the introduction of a ...
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News
Major property shares take yet another beating
The major property shares had another bad time last week, increasing the sector's underperformance in the second half of the year.
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Markets
All noisy on the Preston front
Preston has finally shed its ugly duckling image. Its appeal is so great that developers are falling over each other to secure schemes and activity has reached farcical proportions.
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News
Easter surprise hatched by aggressive US fund
JE Robert, the aggressive US fund that is mounting a determined effort to break into the UK market, is preparing to bid for Capital & Regional Properties industrial division. Run from the UK by Russell Platt, JE Robert s $1.5bn (£940m) European fund is considering a bid ...
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Professional
UK REIT on Blair's agenda?
Property finance The government may have paved the way for the UK's first ever tax transparent property investment vehicle with its newly published Limited Liability Partnership Bill. Alan Magnus and Jonathan Martin ask whether the initiative will improve property's liquidity
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News
Saville quits family firm after split with Carey
David Saville has resigned as managing director of secondary industrial specialist Saville Gordon Estates, founded by his father, after falling out with chief executive Roger Carey over strategy.
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News
King marches across Europe
King Sturge is to open two offices as part of an ambitious continental European expansion. Opening in January, the new offices in Warsaw and Marseilles will take the number of wholly-owned overseas offices to 10. The Warsaw office follows the success of the firm s office in Prague ...
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News
Starring role for MWB in UK’s first hotel fund
Institutions WILL have their first opportunity to indirectly invest in hotel property in the new year, with the launch of a £500m geared fund. MWB , the property company and fund manager with a market capitalisation of £83m, will launch a tax-transparent fund in February. This will capitalise ...
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News
Camping it up: McArthurGlen’s Richard Rogers-designed factory outlet centre in Ashford
BAA McArthurGlen last week hoisted all the tent-like roofs over the factory outlet centre at Ashford, Kent, designed by Richard Rogers. The Ashford centre, which opens on 16 March, will cost between £35m and £38m when finally complete. The move comes as BAA McArthurGlen sold further equity ...
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News
City unmoved by Jermyn’s Central Park consent
Jermyn Investment Properties share was unchanged at 320p on Monday despite the company s announcement that it had won planning consent for a 158,000 sq m (1.7m sq ft) business park in Dublin. Unlike Minerva , whose shares rose 20% last week after it received ...
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