All Property Week articles in 10 September 1999 – Page 2
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Professional
Countdown conundrum
With just 112 days to go before D-Day, this report runs through the precautions surveyors should be taking against the millennium bug in order to ensure a happy and successful new year
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Markets
Industrial Comment Timing for success
Location, location, location remains the guiding principle to successful property development, but timing comes a close second. Bristol, perhaps more than any other city in recent times, has been most affected by the boom-and-bust cycle that characterises the commercial property market. Bristol Distribution Park provides a prime example of unfortunate ...
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News
Shell-Mex House uncertainty comes to an end
Witkoff Group has ended speculation surrounding the biggest office deal of the year by completing its acquisition of Shell s London headquarters. As first revealed in Property Week (news, 6 August), the privately owned New York property company beat off UK and international property company competition to buy ...
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Insight
Cutting one's coat to suit
So far this year nearly 40 companies have left the Stock Exchange. With other property companies likely to take this route, Rainbow Blue Nelson talks to Greycoat Estates about the advantages of de-listing
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News
Westbury good for Chelsfield
The acquisitions of the Westbury hotels in London and New York in February 1997 are proving highly profitable for Chelsfield . Chairman Elliott Bernerd has sold the London hotel on the corner of Conduit Street and New Bond Street for a £3.6m profit and held on to 1,540 sq ...
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News
Fast expansion means no profit for Regus until next century
Regus , the global serviced office provider that is planning to float on the Stock Market next month, is expanding so quickly that it will not make a profit until 2001, analysts estimate. The company aims to open 125 centres a year in 2000, 2001 and 2002, says ...
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Markets
Notebook Resi takes centre stage
Congestion charges could have unexpected positive effects on central Bristol.
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News
Chesterfield castigated
Chesterfield Properties has been censured by the Stock Exchange for failing to obtain its approval before posting a circular to shareholders on 22 April. Chesterfield, which has since been taken over by Quintain , this week lost its appeal against the decision, originally made by the Stock Exchange in July. ...
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Professional
Legal case round-up
Andrew Walker analyses two cases that highlight changes to the Civil Procedure Rules, and one that confronts the issue of ownership. Meanwhile, Tim Dutton examines the implications of CPR on the companies register
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News
LandSec expands Canterbury retail exposure
Land Securities has underlined its commitment to retail investment in the south-east by snapping up another site near its proposed Whitefriars retail scheme in Canterbury. The UK s largest quoted property company last week beat off Delancey Estates, Schroders and three other bidders to acquire Marlowe Arcade from ...
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News
TW cranks up Thames Valley campaign
Commercial and residential property company Taylor Woodrow has stepped up its disposal and acquisition campaign in the Thames Valley region. This week the firm, run by Keith Egerton, sold the Quatro office scheme in Camberley to CGU Linklife for £10.4m. The deal reflected a 7% yield. The 3,20 ...
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Markets
Retail Broadmead needs to fight
The impact of Cribbs Causeway has been less severe than initially feared.
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News
Orchard-Lisle to branch out
Paul Orchard-Lisle, the departing senior partner of Healey & Baker , is setting up a company to promote the flow of investment between Europe and the US. To be called H&B Investment Advisors Inc, it will be a wholly owned subsidiary of Cushman & Wakefield Healey & ...
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News
DFID row is over as BP negotiatons collapse
bp has unwittingly resolved a bitter property row that has been smouldering between two government bodies. For nearly six months, Clare Short s Department for International Development (DFID) and PACE, the government s property adviser, have been at loggerheads over the department s relocation plans. PACE wanted ...
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News
King's camp defeated in Creston board coup
Creston boss Tom King remained defiant this week, despite losing a boardroom battle over the appointment of two new directors. Two non-executives, David Marshall and Vincent Moran, who between them control 30% of the company, have won their battle to have two of their associates, Charles Bunker and Michael Robotham, ...
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News
Bristol row blazes on
Frogmore Estates plan to muscle in on the £200m redevelopment of Bristol s Harbourside has been scuppered by Crest Nicholson and a consortium of local landowners. In an extraordinary week, which ended with the unveiling of a rival plan by local architect George Ferguson yesterday, ...
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News
Trefick blasts bid target
Trefick, the property share investor run by Jack Petchey, has launched a blistering attack on £12.75m takeover target Newport Holdings and its chief executive Peter Lewin. In its offer document, Trefick accuses Newport of failing to achieve its two main objectives: capital growth for shareholders and a progressive ...
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News
Upton scuppered in CNC takeover bid
Richard Upton s attempt to take over CNC Properties, the company he used to head, fell through last week when his financial backer pulled the plug. Nikko Principal Investments said it had decided not to finance a £50m offer for CNC by Upton s vehicle, Chesham Portfolio Management. CNC said ...
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