All Property Week articles in 12 February 2010 – Page 3
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Challenges for RMBS as state aid expires
The performance of securities backed by UK residential mortgages is likely to suffer over the next few years if more than £300bn ($470bn) in UK government aid cannot be replaced with capital from private sources, according to a report from Moody’s Investors Service.
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Paddington’s Two Kingdom Street reaches practical completion
Development Securities, Aviva Investors and Quinlan Private have reached practical completion of Two Kingdom Street in London’s Paddington.
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Simon makes $10bn takeover bid for General Growth
Simon Property Group has made a $10bn offer for General Growth Properties that would end one of the largest US bankruptcies and combine the two largest US shopping mall owners.
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Cushman & Wakefield forms new alliance partnership in Norway
Cushman & Wakefield has formed an alliance agreement with Malling & Co in Norway after Malling & Co bought its previous alliance partner Mork & Partners.
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Blackstone and Prupim sign up to the Better Buildings Partnership
Blackstone Group and Prupim have both signed up to the Better Buildings Partnership scheme to cut carbon pollution and reduce energy costs from commercial property in London.
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M1 Real Estate buys London block for £175m
Lebanese investor M1 Real Estate has bought Victoria house in Bloomsbury Square from Irish-based Moritz Group for around £175m.
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London Development Agency terminates Silvertown Quays agreement
The London Development Agency has terminated its development partnership agreement with Silvertown Quays Limited, a public private partnership set up to develop a 5.3m sq ft scheme in London’s Docklands.
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Unibail-Rodamco sells five Dutch shopping centres
Unibail-Rodamco has sold five Dutch shopping centres to Wereldhave for €235m as part of its strategy to focus on large shopping centres.
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Legal & General Property appoints former Prestbury man to manage £750m fund
Legal & General Property has appointed Mark Russell, formerly of Prestbury Investment Holdings, as fund manager for the £750m L&G Managed Pension Fund.
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Newcastle's Eldon Square opens today
Capital Shopping Centres and Newcastle City Council (NCC) have today unveiled the new extension to Eldon Square shopping centre.
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ING UK Property Income Fund raises £22.4m of new equity
ING UK Property Income Fund, a Guernsey limited partnership managed by ING Real Estate Investment Management, has raised £22.4m of new equity.
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Good news and bad news from Leeds office market in 2009
The office market in Leeds had mixed fortunes in 2009, seeing the largest occupational deal for five years but also a fall in total take-up compared to the 10-year average.
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Tokyo-area condo supply dives
The number of new condominiums put on sale in the greater Tokyo area in January fell 9.9% from a year earlier to 1,586 units, down for the second consecutive month, a research agency has said.
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Qatar scraps residential rent cap
Qatar has removed the cap on residential rents, allowing landlords and tenants to negotiate more freely over price.
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Saudi mortgage law to usher in foreclosure
Saudi Arabia's long-awaited mortgage law will give lenders more rights, including the ability to foreclose on properties in default, according to Reuters .
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'I would default' says JLL Middle East and North Africa research chief
Real estate developers in the UAE are going to have to negotiate creatively with investors during 2010 to avoid a rise in defaults, a local expert has warned.
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Union Properties hits new low
Union Properties shares have fallen to their lowest price on record after the company said it made significant provisions to cover losses for contracting costs and declining property valuations.
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Dubai home prices flat on 2010
Dubai home prices are likely to remain flat this year, although some areas could see further falls of as much as 30%, says Jones Lang LaSalle.
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CFS Retail Trust profits on development
CFS Retail Property Trust, the Australian real estate investment trust, swung to a profit in the first half on an increase in its development pipeline.
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Canada to tighten mortgage rules in face of bubble
Canadian finance minister Jim Flaherty is set to tighten rules in the country’s mortgage industry, according to two government officials familiar with the plan, as record activity prompts talk of a housing bubble.