All Property Week articles in 12 October 2007
View all stories from this issue.
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Online
JER Partners budgets for hotels
JER Partners has bought Morethanhotels to expand its budget hotel presence in the UK.
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Base gets £100m Manchester development green light
Barratt Homes, the UK’s biggest housebuilder, has got the go-ahead for a £100m council estate redevelopment in Manchester.
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Kenmore buys German HQ
Kenmore European Industrial Fund has bought the headquarters of a major air and gas company in Germany for €14.2m (£9.9m).
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Liquidity crisis hits Axa trust dividend
A listed property investment trust today revealed that the rising cost of debt caused by the credit crunch meant that it was not able to hit its dividend target.
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OnlineHouse of Fraser unveils Bristol store
House of Fraser has unveiled its new store design in Bristol ahead of opening next year.
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ProLogis raises €500m through bond issue
ProLogis European Properties has raised €500m (£348m) through the issue of a new unsecured Euro bond.
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Carlyle Group buys German portfolio
Carlyle Group has bought a German portfolio of 122 residential and commercial properties from German brewing company Radeberger Gruppe.
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News
Crossrail ‘should link whole of south-east’
Crossrail, the west-east rail-link that was finally won the green light this month, ‘does so little for so few’, said Superlink, a group of reailway managers that wants the project extended. The Times
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H&M sales up by a quarter
Swedish high street fashion chain H&M revealed a better-than-expected 25% rise in sales in September, compared with the same month last year. The Times
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News
Gaucho saddles up for float
Gaucho Grill is to start an investor roadshow tomorrow, ahead of a flotation on the London Stock Exchange next month at a value of about £100m. The Times
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News
Wagamama to pull float in favour of auction
Wagamama’s private equity owner is to abandon plans to float the noodle chain after receiving higher-than-expected offers. Financial Times
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3D to offload nightclubs
3D Entertainment has placed 14 nightclubs, mainly Chicago Rock Café and Jumpin Jak outlets, up for sale. The Times
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JER Partners has Morethanhotels
JER Partners has bought privately owned hotel group Morethanhotels for £115m. Financial Times
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Macquarie chief hits back at ‘over-leveraged’ claims
Allan Moss, Macquarie Bank chief executive, has hit out at critics who claim the infrastructure funds it manages are at risk because they are excessively leveraged. Financial Times
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Manchester mayhem beats Heathrow hassles
Manchester is the worst airport in the country for queues, a new website that monitors delays has found. Financial Times
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Odds lengthen against Rank
Bingo and casinos operator Rank was the biggest faller on the FTSE 250 yesterday, dropping 15¼p to close at 109¾p after a downgrades by analysts. Financial Times. The Times. The Daily Telegraph
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China Pub Co to list on AIM
The China Pub Company, which is listed on the Channel Islands Stock Exchange, is preparing to list on London’s AIM in the first half of next year to raise £5m to fund a series of pub and bar openings across China. The Daily Telegraph
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Online
Knight Frank poach four from DTZ
Knight Frank have confirmed their swoop on four of DTZ’s senior staff in Scotland.
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Network Rail seeks development partner
Network Rail has launched a search for a development partner for eight of its stations across the South East.
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Allsop auction provides boost for the market
In the most important auction this decade, Allsop’s September sale defied expectations of gloom last Thursday and provided a significant boost for the beleaguered UK property market.
