All Property Week articles in 11 September 2009 – Page 2
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RICS sees brighter mood
A majority of estate agents are reporting that house prices rose over the summer months, the RICS says today, the first time in two years that optimism has outweighed pessimism on this survey.
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Commercial values rise
Commercial property values rose by 0.2% in August, the first monthly rise in 26 months, according to the IPD UK Monthly Index.
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Moody's warns of more trouble for UK banks
The troubles of UK banks are far from over, Moody’s warned yesterday, as the rating agency forecast further losses of £130bn in the next few years as bad debts rise and pressure builds on profitability.
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Redrow appoints Tutte
Redrow has appointed John Tutte, regional chairman for the eastern region, as group managing director, as part of a boardroom reshuffle after the return of Steve Morgan, the house builder’s founder, as chairman in March. Colin Lewis, the former chairman for the western region, will step down and leave the ...
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Berkeley dismisses apprentices plan
Berkeley Homes has dismissed a government proposal that house builders must employ apprentices if they want a share of public cash for developments. The house builder — which is responsible for some of the biggest regeneration projects in the country — said that contractors were responsible for taking on trainees ...
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Stalled housing schemes restart
Building work stalled by the recession is to restart on 740 homes in 10 locations, the first fruits of a government scheme to stimulate housebuilding by funding developers who cannot raise money.
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Councils urged fight housing fraud
Tens of thousands of council and housing association homes are being occupied by people with no entitlement to them, the Audit Commission said yesterday, and hundreds of millions of pounds are being lost to council tax and housing benefit fraud.
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Banks to be forced into living wills
Alistair Darling is planning legislation this autumn to force British banks to draw up 'living wills' so that they can be dismantled more easily in any future financial crisis.
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H2SO launches today
H2SO, a new commercial property consultancy firm, has launched this morning.
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RICS wins regulatory reprieve for property management sector
Property managers and letting agents no longer need to register with the United Kingdom government for money laundering compliance, saving the industry thousands of pounds.
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OnlineWharfside Regeneration completes first phase of Ipswich development
Wharfside Regeneration has completed the £42m first phase of the Cranfields Mill development at Albion Quay in Ipswich.
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IPD: capital values have risen for first time since credit crunch
Tomorrow’s anniversary of the collapse of investment bank Lehman Brothers is marked by the first monthly UK commercial property capital growth in 26 months.
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OnlineGreen light for Croydon council’s new headquarters
Croydon Council and John Laing have received planning consent for the first scheme within their £450m urban regeneration vehicle.
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Premier Inn signs up for London airport hotels
Premier Inn has teamed up with Surinder Arora to open four hotels in London.
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West End and City to share Christmas lights theme and switch on day
Regent Street, Oxford Street and the City of London are for the first time ever going to share the same theme and switch-on day for the famous Christmas lights event.
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Indian textiles firms look to exploit land banks
The revival of fortunes in the real estate sector is now seeing textile companies with huge land banks making a foray into property development . To date, most of the textile firms sold their land to developers. That is now making way for a different model where these firms would ...
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Developer revamps payments for Dubai scheme
Developer Tanmiyat has revised the payment plan for its AED2.7 billion ($735m) Living Legends project at Dubailand.
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Construction drives Dubai dispute increase
The number of disputes heard at Dubai’s chamber of commerce is expected to treble this year, driven by a surge in payment claims from the construction industry.
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Shun Tak surges on hotel sale
Shun Tak Holdings Ltd, the ferry company and property developer controlled by billionaire Stanley Ho and his family, said first-half profit surged 20-fold on gains from property revaluation and the sale of a hotel stake.
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KK DaVinci shares hammered on loan failure
KK DaVinci Holdings fell by the daily limit in Osaka trading after the Japanese real-estate fund operator said it may not be able to get a loan extension on a building acquired from Hong Kong billionaire Richard Li.
