All Property Week articles in 13 July 2007 – Page 10
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Online
Norwich Union devalues three more property funds
Norwich Union has reduced the value of three more property funds today as investors continue to pull their money out of property.
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Online
Erinaceous dropped from Spinningfields instruction
Jones Lang LaSalle and DTZ have been appointed as office letting agents at Allied London’s Spinningfields scheme in Manchester in a hard-fought contest.
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OnlineBrown hints at planning gain supplement U-turn
Prime Minister Gordon Brown has signalled a U-turn in proposals for the much-maligned planning gain supplement in a significant victory for UK property.
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OnlinePlans submitted for Manchester's Piccadilly Basin
Town Centre Securities has submitted two planning applications for the next phase of its Piccadilly Basin scheme in Manchester.
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Online
Dawnay, Day Treveria announce 10% share buyback
AIM-listed investment company Dawnay, Day Treveria announced plans to buy back 10% of its shares yesterday.
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Online
O Twelve posts first-year profit
O Twelve Estates, AIM-listed investment vehicle managed by Rugby Asset Management, posted a net profit of £3.7m in its first year trading results to 31 March.
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Online
New Star and Norwich Union reduce value of property trusts
Norwich Union and New Star raised the cost of exiting their property funds on Tuesday, the latest major institutions to take the measure to try to stop major outflows of cash.
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Online
Dublin office market boom
The Dublin office market is on course to have its highest ever level of take up this year, according to a report published by CB Richard Ellis today.
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News
Ikea to restructure
Ikea is overhauling the management at its UK stores as it seeks to combat sluggish sales and competition from supermarkets. The Guardian. Financial Times
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News
Hunter digs deeper for Dobbies
Sir Tom Hunter, the Scottish entrepreneur, has requested due diligence information from Dobbies, the garden centre group. The Times
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News
Delek sells Sheffield office block
Delek Global Real Estate has sold the City Plaza office block in Sheffield. The Times
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News
Hilton Cardiff sold for £40m
The Hilton Cardiff hotel has been bought by Tonstate, the property company controlled by Edward Wojakovski. The Times
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News
Plymouth Civic Centre ‘should be delisted’
Plymouth Civic Centre’s listing should be rescinded, the prime minister is being told by the local council. The Times
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News
National Tyres change
National Tyres, one of the UK’s largest independent motor repair groups, has been put up for sale for £75m-£100m. Daily Telegraph
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News
New Star and Norwich Union raise exit costs
Almost £300m was wiped off the value of two of Britain’s biggest property funds yesterday when New Star and Norwich Union reduced the price at which units can be encashed. Financial Times. Daily Telegraph
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News
Morgan Stanley buys Daewoo’s Seoul HQ
Morgan Stanley’s Asian spending spree continued yesterday with the Won960bn ($1bn) agreement to buy the headquarters of Daewoo Engineering & Construction in Seoul. Financial Times
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News
Safestore stocks up since float
Safestore shares made up some of the ground lost since its March flotation with a strong set of interim results. Financial Times
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News
Competition Commission eyes Tesco land bank
The Competition Commission has signalled that Tesco’s ownership of large swathes of land for the development of future supermarkets could be used to anti-competitive effect. Financial Times
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Online
Property trio quit Morley
Three top property executives have quit Morley Fund Management to work for rival AEGON Asset Management.
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Online
Targetfollow appoints Bank of Scotland man for European fund
Targetfollow has appointed Bank of Scotland’s corporate banking regional head John McClymont, as it prepares to launch its European investment fund.
