All Property Week articles in 12 December 2003 – Page 2
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Markets
Future perfect
With 20 years' experience, the Welsh Development Agency is ahead of its time.
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Insight
The Freeport gamble
The factory outlet developer is devoting more than a third of its development programme to an £85m scheme near Lisbon.
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News
Mentmore sharpens self-storage focus
Mentmore has agreed to sell its half share in its records management business in order to focus solely on its self-storage business. It plans to sell its shareholding to joint venture partner Iron Mountain for £82.5m. Proceeds from the sale will be returned to shareholders. In the summer Mentmore sold ...
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News
Mixed fortunes for West End takeovers
Six approach Benchmark, while Noé fails to move forward at Derwent
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News
Sellar double for Piano
Renzo Piano, the architect OF the proposed London Bridge Tower, has been appointed by Irvine Sellar to design another huge building next to London Bridge station. Renowned designer Piano is working on plans for the New London Bridge House site, directly opposite the entrance to London Bridge station and Sellar’s ...
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News
Devonshire’s Lewisham deal
New private property company Devonshire Investment Holdings has bought 177-185 Lewisham High Street, London SE13, from Dorrington for £3.9m. The price reflects a net initial yield of 6.95%. Whitmarsh Holt Young acted for Dorrington, King Sturge for Devonshire. Felicity Devonshire is based at 35 Bruton Street, London ...
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News
Midtown correction
In our Midtown feature last week (p56) the red bars on the Midtown availability graph should have represented second-hand space and the black bars referred to the new uncompleted space.
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News
Ewart continues Northern Irish spending spree
The two local investors who bought Dunloe Ewart ’s Northern Irish portfolio have continued their spending spree in the province. Andrew Creighton and Frank Boyd, who now operate under the long-standing Ewart Properties name, have paid Land Securities £35.3m for a nine-unit block at 28-34 Donegall Place and 18-34 ...
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News
Standard Life closes in on Esporta clubs
Esporta, the health club chain, is poised to agree a sale-and-leaseback deal with Standard Life on a portfolio of eight UK properties. Esporta is in exclusive talks to sell the clubs to Standard Life for around £33m. The net initial yield is 7%. The clubs are in Bristol, Chislehurst, ...
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News
Morgan Stanley consortium ever closer to Wharf success
Canary Wharf Group’s committee recommends Silvestor UK’s 265p-a-share cash offer
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News
Inner City: James Whitmore
Pretty much everyone I speak to believes the market next year will be as flat as a pancake. But does that mean the quoted sector will be dull and boring? No way. We are about to witness the biggest ever management upheaval among the larger companies, with only Slough Estates ...
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News
Pair chosen for Ilford redevelopment
Capital & Counties and Countryside Properties have been chosen by Redbridge Borough Council as development partners for a £120m redevelopment of 6.4 acres (2.6ha) of Ilford Town Centre in Essex. The mixed-use regeneration scheme, on a site immediately south of the High Road and the Town Hall, ...
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Markets
Hail to the chef
Little Chef has a revamp on its menu, which will involve splitting off its operations from its hotel partner Travelodge.
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News
Wiggins changes direction
Wiggins Group this week announced plans for a large-scale restructuring of its business. The group revealed that it will sell its property developments, change its name to PlaneStation Group and reclassify from the construction to the transport sector to reflect its focus on regional airports. The group said it had ...
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News
Canary sale hinges on RBS purchases
The sale of Canary Wharf Group to Silvestor UK Properties, the consortium led by Morgan Stanley, depends on the sale of two buildings to Royal Bank of Scotland for £1.1bn. In an announcement to the stock exchange, the group said that it had agreed to sell 5 Canada Square ...
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Markets
Eade on: Clusters and campuses
The concept of clustering similar occupiers together has spurred on the development of Gwaun Elai Medi-Science park near Cardiff
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News
Highcross buys Croydon office
Peter Gubb’s Highcross has bought Davis House, an office building in High Street, Croydon, from Cassini Investments, a client of HDG Mansur, for £11.7m. The 102,500 sq ft (9,522 sq m) building, let to tenants including Amec, Allied Irish Bank and Croydon Council, has been bought for Highcross’s new ...
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News
Scottish investors buy St James’s jewel
LNC pays £40m to Heron for first major central London property
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News
Double buy for Quintain
Quintain has bought two office buildings in Leamington Spa and Bracknell for a total cost of £19m. The 56,000 sq ft (5,202 sq m) Columbia Centre in Bracknell has been purchased for £13.5 m and is let to Kvaerner with seven years remaining on the lease. The multilet 38,000 ...
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News
Brown committed to lease code law
Gordon Brown has signalled his commitment to legislation on the code of practice for commercial leases, after an initial report by Reading University showed the code was having little effect on the incidence of upward-only rent reviews. In documents accompanying the pre-Budget report, Brown said: 'The government remains committed to ...
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