All Property Week articles in 12 March 1999 – Page 2
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Professional
When reclamation leads to exemption
Landfill tax The Taylor Woodrow case has clarified the thorny issue of landfill tax exemption for certain reclamation projects That materials may be removed for reasons other than reclamation does not justify refusal of tax exemption The case of Taylor Woodrow Construction (Northern) Ltd v The Commissioners of ...
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News
Stamp duty rise sparks fears over Euro plans
Chancellor Gordon Brown has edged Britain one step closer to European tax harmonisation by increasing stamp duty by 0.5%. The new rate places Britain in line with Germany and Austria's property tax rates, and closer to France's new 4.8% level. With effect from 16 March, UK stamp duty will be ...
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News
Warehouses drop in yield
High-Street shops and retail warehouses are now giving investors almost identical yields, after seven years in which warehouses easily outshone shops. Donaldsons Retail Research Spotlight for the last quarter of 1998, published this week, says that the yield from warehouses is now only 0.25% ahead of shops. In ...
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Markets
Sherak doubles money at Regent
Sherak of London, which paid £16m for the 32,520 sq m (350,000 sq ft) Regent Centre, Gosforth, Newcastle upon Tyne, has successfully taken back the 5,110 sq m (55,000 sq ft) Northern Engineering building and re-let it after refurbishment to four occupiers. They include Sage, which is taking 1,950 ...
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Markets
Developing partnerships in the north-east
Partnership between the public and private sectors is a key part of current regeneration policy. IMEX, part of Birkby, has been exploring this avenue with local authorities in the north-east of England. IMEX works with local councils to identify areas in need of regeneration as well as disused sites suitable ...
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Markets
Miller submits plans for Darlington
Miller Developments has submitted an outline planning application to Darlington Borough Council for a £72m mixed-use development on a 45ha (112 acre) site on the A66, east of Darlington Town Centre , to be known as Darlington Great Park. Miller proposes to develop 85,000 sq m (914,960 sq ...
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News
Croydon rents hit Safestore
Safestore, the self-storage business demerged on to the AIM by Safeland a year ago, saw its shares plunge 19% on Tuesday, after it warned that its year-end profits would be 'significantly' below market expectations. Chairman Larry Lipman said the lower result for the year to 31 October 1999 would ...
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News
New hotel for Copenhagen
Marriott International will announce plans to open the first new hotel in Copenhagen for 28 years at MIPIM this week. The Copenhagen Marriott will be a DKr500m (£47m) project, and will be owned in a joint- venture company by Marriott International and Nykredit A/S, the largest Danish credit ...
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News
UK firms look to the Continent
British property companies Heron International and HQ Business Centres are both expected to unveil plans for major expansion into Europe at MIPIM this week. Heron has acquired new sites in Lisbon, Brussels, Nuremberg, Madrid, Milan and Barcelona. The company will invest £1bn into Heron City leisure complexes over ...
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News
Commission under review
The Canadian High Commission is to review its central London property holdings, which could produce a new requirement and open up a major development opportunity in the West End. The commission is based in Canada House in Trafalgar Square and 1 Grosvenor Square, but it says it is unhappy ...
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Insight
The colour of money
When Lend Lease s £1bn Bluewater shopping centre opens next week, it will be the UK s last major out-of-town retail development.
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News
Pulfords stick to their guns over Wharfside centre
A report describing how a shopping centre opened on Tuesday with only one retailer trading alongside the three anchor tenants sounds like a horror story of the early 1990s. But the fact that the centre is the Wharfside in Penzance makes it a tale of the dogged determination of two ...
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Professional
The sequential test: more carrot, less stick
The sequential test Proposals to improve a site in sequential terms should focus on urban regeneration and public transport issues It is time to adopt a more postitve and creative approach to sequential test planning that allows both investment and community benefits The sequential test is a cornerstone ...
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Markets
North-east calling
The north-east has established itself as the first-choice destination for new call centres.
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News
Bupa curtails its planned expansion in Manchester
Bupa has pulled a series of property requirements in Manchester following a review of its property holdings. The private healthcare company which occupies around 8,361 sq m (90,000 sq ft) at The Anchorage in Salford Quays was considering doubling its office space in the city by ...
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News
We'll see to the bubbly, darling
The property industry is to join the computer services industry as one of the few sectors taking advantage of the run-up to the millennium. While computer nerds are raking it in seeing to the millennium bug, the property industry is helping to ensure that the champagne keeps flowing on the ...
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News
Brixton in Greenford Park buy-up
Brixton Estate has bought a large chunk of the Greenford Park industrial development from salmon Harvester Properties. The deal including options gives Brixton 18ha (45 acres) of land. When the scheme is fully developed, it will have an end value of £85m. The park ...
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Insight
Bluewater history
1850-1994 Blue Circle s 98ha (240 acre) quarry provides chalk to build London. 1985 Godfrey Bradman s Rosehaugh, through its shopping centre subsidiary Shearwater, approaches Blue Circle to build a shopping centre on the quarry. April 1986 The two companies combine their names to form Bluewater ...
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Insight
Who will surf the Bluewater tidal wave?
Bluewater, unlike its glitzy northern counterpart, the Trafford Centre, has never been mired in the planning process. The project was delayed first by the early 1990s recession, then later by the stark realisation that the project was so large that it would have to be developed by an organisation using ...
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