All Property Week articles in 12 June 2009 – Page 2
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Sainsbury's sets out its expansion plans
J Sainsbury set out plans for an aggressive expansion in its domestic market, putting further pressure on rival Tesco, after raising about £445m in a stock and bond issue.
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Planning consents to be extended
Developers are to be given more time to start building once planning permission has been granted, the government is expected to announce today.
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NAEA figures shows pick up
National Association of Estate Agents: said research showed that estate agents had an average of 299 house hunters registered with them during May, the highest level since September 2007, when the market downturn began.
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MPs launch mortgage market inquiry
The Treasury Select Committee will launch an inquiry into Britain’s struggling mortgage market to examine the sharp rise in repossessions and the chronic shortage of affordable home loans for first-time buyers.
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Britain is still first for foreign investment
Britain is still attracting more overseas investment than anywhere else in Europe despite the financial crisis, according to the latest figures on foreign investment from the department of UK Trade & Investment.
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Obama sets out historic reforms
President Obama has outlined the most comprehensive overhaul of the US financial regulatory framework in 70 years.
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King urges tighter bank regulation
Mervyn King last night rebuked the City as he insisted that much tighter regulations were needed to prevent a recurrence of the financial crisis and restore popular trust in the market economy.
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Tesco sells first European CMBS in two years
Tesco has sold £458m of its properties, financed by the first property securitisation for two years.
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MORNING AFTER: Shaftesbury's 'Swinging Carnaby' Festival
Shaftesbury hosted 'Swinging Carnaby' – a weekend of live music, exhibitions, pop up shops and shopping promotions to celebrate Carnaby Street's 60’s heritage at the weekend.
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Hines UK development director Peter Holden to leave
Hines UK development director Peter Holden has resigned from the board of Hines UK after seven years at the US development company.
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Birmingham to create digital district
Birmingham is to create a ‘digital district’ in a bid to attract occupiers from the creative sector, Birmingham City Council’s deputy leader Paul Tilsley said today.
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London business group appoints four board directors
The Heart of London Business Alliance, which acts on behalf of businesses and property owners in the area surrounding Piccadilly Circus and Leicester Square, has appointed four new board directors.
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Murdoch’s 1m sq ft headquarters plans ‘do not comply with London Plan’, says Boris
News International’s 1m sq ft plans to remodel the main building of its historic home in Wapping do not comply with the London Plan, Boris Johnson has said.
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Vail Williams buys Smith Melzack Pepper Angliss
Vail Williams has bought the Vincent Tchenguiz-backed property services firm Smith Melzack Pepper Angliss.
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Audit Commission report slams local authorities’ property management.
Local authorities are unsuccessfully managing the value of their property assets, a report launched today by The Audit Commission has shown.
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Seven more Modus related companies go into administration
Following the administration of parent company Modus Ventures in May further subsidiaries of Brendan Flood's property developer and investor have now gone into administration.
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Sainsbury's to raise around £445m to fund store expansion
Sainsbury’s plans to raise around £255m from a placement of shares and around £190m from the offering of convertible bonds to fund 15% space growth by March 2011.
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ULI appoints Jos Short as new UK chairman
The Urban Land Insitute (ULI) has appointed Jos Short, founder and chief investment officer of Internos Real Investors, as its UK District Council chairman.
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SA house prices down 0.5% on year
The May 'oobarometer' price index recorded a marginal drop in the year-on-year houses prices of 0.5%.