All Property Week articles in 11 April 2008 – Page 2
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Online
MWB says crunch makes sale of operating businesses ‘less likely’
MWB Group said this morning the economic climate and credit crunch meant the proposed sale of its three operating businesses by the end of the year was ‘less likely’ but a sale would still happen in the future.
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OnlineCity of London rents sliding says Lehman Bros
Rents and tenant demand in the City of London are ‘slip, sliding away’ with the market running the risk of oversupply, says US investment bank Lehman Brothers.
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Online
Rate cut 'not enough to save commercial property'
The Bank of England’s quarter-point interest rate cut will do little to help revive Britain’s commercial property market, experts said.
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News
HBOS invests in Tulloch
HBOS has increased its exposure to housebuilders by taking a 40% stake in Tulloch Homes Group. Daily Telegraph
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News
Base rate cut not passed on to customers
A number of lenders increased the price of their short-term mortgage deals yesterday, in spite of the cut to the base rate, indicating that costs would remain high for new borrowers. Financail Times, Daily Telegraph, Independent
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News
Barratt looks to sell commercial arm
Barratt, one of the UK’s biggest house builders, is considering the sale of its commercial property division in order to reduce the debt incurred in the £2.2bn acquisition of Wilson Bowden last year. Financial Times
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News
Capital & Regional down on tenant health fears
The FTSE 100 lost 18.8 points to 5,965.1, borne down by a retailing, property and bank sell-off as traders decided a quarter-point interest rate cut would do little to offset the housing market and consumer slump, nor the wholesale funding market for mortgage lenders such as Alliance & Leicester. The ...
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News
Topland buys into hotel plan
Topland, the property vehicle of Eddie and Sol Zakay, are set to unveil plans to invest £200m of equity in creating a £1 billion budget hotel empire. The Times
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News
ECB warns of continuing credit crunch
The global financial turmoil could last longer and have a broader impact on the eurozone economy than previously expected, the European Central Bank warned yesterday even as it underlined its hardline stance on inflation by holding interest rates at 4%. Financial Times
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News
US liquidity figures hint as easing pressure
Demand for Federal Reserve liquidity support from investment banks and other primary dealers has fallen in recent days, the US central bank revealed yesterday, indicating that financial pressures on these institutions are easing. Financial Times
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NewsSalway’s a winner
Land Securities chief executive Francis Salway was named Property Personality of the Year at last week’s 2008 Property Awards, which was hosted by chat show legend Sir Michael Parkinson in front of 1,750 people.
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News
Public Service’s value wobbles
The net asset value of Public Service Properties, the AIM-listed European care home property investor, fell only marginally in the second half of last year.
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OnlineSavills prepares for rise in repossessions
Adviser creates Savills Recovery Services in anticipation of defaults
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MarketsPods, sweat and tears
Two former City high-flyers have set up a female-friendly Home Counties self-storage venture.
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News
Pain in Spain is partly on the wane
The future of three of Spain’s most highly leveraged listed property companies looked rosier this week.
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Professional
Meet your mentor
Nick Leslau reveals what he will be looking for in the £30m Search for Property Entrepreneurs
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MarketsThe market in minutes - Oxfordshire
Richard Heap gives you the lowdown on all the sectors across the region
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News
Wide of the mark
Nigel Jackson, a director of property lender Dunbar Bank, has caught that particularly English disease going out on penalties.
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News
Manack ski reacher
It was meant to be a week of skiing in Tignes in France with a bunch of mates and the possibility of some off-piste romance.
