All Property Week articles in 13 February 2004 – Page 3
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Markets
A little local difficulty
While the South Bank Centre redevelopment and P&O's plans are edging forward, other schemes in the area remain bogged down in planning battles. With the council refusing to give ground, a ceasefire seems unlikely.
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News
Redundancies follow shake-up in M&S property department
Marks & Spencer laid off three acquisition surveyors of its Simply Food stores this week as part of a shake-up of its property department. The departures have depleted the retailer's food and store acquisition team to five, who will continue to report to head of acquisitions Stuart Anderson. The ...
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News
VAT cut hope scuppered
The government has quashed hopes for a reduced VAT rate on repairs to old buildings to encourage regeneration. Heritage minister Lord McIntosh of Haringey told a House of Commons select committee this week that it was not worth risking the loss of UK’s existing VAT exemptions by asking the European ...
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Markets
Estate of things to come
The West End’s grand estates are updating their retail appeal, but aim to stay a cut above the average high street in their tenant mix.
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News
Inner City: James Whitmore
When I started working at Property Week in the late 1980s, the property services (or chartered surveying, as it was archaically known) environment was very different. Jones Lang Wootton was the undisputed number one, Chesterton was a powerhouse and very few people had heard of Franco Sidoli . Today, ...
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News
Tchenguiz takes lead role in cinema deals
Rotch founder aims to build cinema portfolio with UCI and Odeon takeovers
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News
Chesterton in legal fight with former director
Chesterton is facing more legal action from one of its past directors, this time former residential chief Peter Chapman. Chapman has issued a claim in the High Court’s Queens Bench Division alleging that Chesterton breached his employment contract. Chapman had been one of the leaders of a management buyout ...
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Markets
Chard's challenge
As Westminster's new planning and development chief, Gordon Chard is in charge of a dozen big schemes.
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Professional
Case news
Do not forfeit your rightsRother District Investments Ltd v G Corke, S Orr and J Richards, High Court Chancery divisionThe message: Landlords must take care when forfeiting leases of properties where they have become the owner but have not yet registered themselves at the Land Registry.The case: Rother bought a ...
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News
Tilney takeover to fuel Cardales expansion
Private investor manager plans to grow its activities in UK and abroad
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News
Reuters completes Canary Wharf move
Global information giant Reuters has completed its deal to move to Canary Wharf in London’s Docklands. Reuters, currently based in the City at 85 Fleet Street, EC4, will take up 239,000 sq ft (22,204 sq m) at 30. The South Colonnade from landlord CWG on a 15-year lease. Talks ...
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News
Liberty excels as Gordon calls it a day
Shares unmoved despite better-than-expected 13% NAV rise
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Insight
A rise in business rates will show the government is bust
When the Conservatives made tax a central issue in their last general election campaign they found to their cost that most voters simply didn't share their enthusiasm for the subject – quite the reverse in fact. The consensus was that people would all no doubt like to pay less rather ...
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Professional
Burroughs is managing partner at KLegal
Philip Burroughs, head of real estate at KLegal, has been made managing partner of the firm’s London office following the departure of firm-wide manager partner Nick Holt in December. Burroughs will continue his property role with clients such as Hilstone Corporation, Fairview New Homes and Topland Group. In addition, the ...
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News
Rare chance to test rents in Bond Street
Rents in Bond Street, London W1, will be tested over the next few weeks following the closure of German ladieswear store Thierry Mulger. Newstates, the landlord of the retailer's store at 134 Bond Street, appointed Cushman & Wakefield Healey & Baker last week to market the lease. A deal ...
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News
BPF’s Stamp Duty bid
The British Property Federation has made a final bid to convince the government to tone down its proposals for charging Stamp Duty on limited partnerships. In a letter to Treasury chief financial secretary Ruth Kelly, BPF president David Hunter said charging a full 4% duty on limited partnerships would ...
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News
Chairman prepares to bid farewell in typically pugnacious mood
Donald Gordon's confirmation this week that he is stepping down as chairman of Liberty International was expected, having been mentioned on more than one occasion in our Inner City columns, writes James Whitmore. But his departure is part of a sea change in the management of the top property ...
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Markets
Berkshire site sells for resi
Threadneedle Property Investments has raised £2.3m/acre (£5.7m/ha) from the sale of a former office site in Langley, Berkshire, for residential development. Kings Oak Homes has paid £2.265m for the 1.14 acre (0.46 ha) site of the former Meadpark Business Centre, close to junction 5 of the M4. The site ...
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Markets
The recovery begins
After years of struggle, it finally looks like central London offices could be making a return to health.
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News
Ikea stands tall to beat planning rules
Retailer’s seven-storey Bromley store to overcome planning restrictions
