All Property Week articles in 10 October 2008 – Page 8
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OnlineHSBC confirms new Glasgow office
HSBC has confirmed that it has taken 18,750 sq ft of space at Premier Property Group’s 141 Bothwell Street in Glasgow, as tipped by Property Week (06.06.08).
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OnlineSir Philip Green holds court with landlords
Sir Philip Green’s meeting with landlords took place yesterday.
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Helios buys Croatia industrial park
Helios Properties has bought Zagreb Business Park – the only international logistics park in Croatia – for around €68m (£53.5m).
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OnlineLend Lease chief resigns from board
Lend Lease chief operating officer, Ross Taylor has resigned from the board as executive director, and will leave the group later this year.
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OnlineOlympic Village designs unveiled
The Olympic Delivery Authority and Lend Lease have unveiled the latest legacy designs for the Olympic Village.
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OnlineCrest Nicholson gets go ahead for Farnham scheme
Crest Nicholson has got the green light to undertake its regeneration of East Street in Farnham town centre after a six year battle – but the scheme faces further delays as a rival developer has lodged a formal objection.
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News
Kaupthing threat to Candy scheme
The property billionaire brothers Nick and Christian Candy were racing to save plans for the world's most luxurious residential development last night, in the wake of the crisis engulfing the Icelandic banking sector.
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News
Global turmoil: The £400bn lifeline
Britain’s largest banks were last night preparing to boost their capital reserves after the government launched a £400bn rescue plan to restore confidence among financial institutions and avert a severe economic slowdown.
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Global turmoil: Central banks co-ordinate rate cuts to fight recession
In an unprecedented move, six of the world’s most important central banks, including the Bank of England, US Federal Reserve and European Central Bank, yesterday announced simultaneous emergency interest rate cuts of half a percentage point.
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Grainger covenants 'safe'
Grainger, the UK’s largest residential landlord, said a boost in sales and reduced level of acquisitions meant it would stay within the terms of its banking agreements.
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One Tchenguiz hammered for £1bn in 24 hours...
Robert Tchenguiz, the property entrepreneur, lost £1bn in just 24 hours after being forced to offload his stakes in J Sainsbury and Mitchells & Butlers as the fallout of the Icelandic banking crisis hit corporate UK.
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...while brother talks up property group
Vincent Tchenguiz, the wealthy real estate entrepreneur and Robert Tchenguiz’s younger brother, said yesterday that his business remained safely financed in spite of difficulties in parts of his property empire.
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C&G pulls top mortgage deals
One of Britain’s biggest lenders withdrew some of its most popular mortgage deals last night after the Bank of England cut its base rate.
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Global turmoil: IMF slashes warns of UK recession
The International Monetar y Fund has slashed its growth forecast for the UK by more than any other major country in the world, as it warned that the UK is heading into recession.
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Global turmoil: Japan takes its biggest hit since 1987
Japan will need to take further action to protect its economy from the impact of the global financial crisis, prime minister Taro Aso said yesterday, after stocks in Tokyo plunged to depths he described as 'frankly beyond our imagination'.
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Rugby 'confident'
Rugby Estates, the London-listed property investment group, reported a first-half pretax loss of £4.4 million, from a £4.2 million profit last time, but said it views its prospects with confidence.
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Cap & Reg completes German joint venture with Apollo
Capital & Regional, the property manager, has completed the previously announced sale of about half of its German business to an investment fund managed by Apollo Real Estate Advisers and entered a joint venture with Apollo to run this business.
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OnlineFashion retailer Joy partially saved
Fashion and gifts retailer Joy has been bought out of administration by management.
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OnlineTreasury puts Kaupthing Singer & Friedlander into administration
Kaupthing Singer & Friedlander (KSF), the UK arm of the Icelandic bank Kaupthing, has been put into administration by the government.
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OnlineRemoval of empty rates relief 'immoral' say Tories
The removal of empty rates relief is ‘immoral’, according to a senior Tory speaking in the House of Commons yesterday.
