All Property Week articles in 13 March 2009 – Page 12
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Asda buys council offices in regeneration plan
Asda has bought Telford and Wrekin Council’s civic offices as part of a regeneration programme for the town centre.
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MIPIM 2009: Plans for Western Europe’s tallest mixed use towers in Paris unveiled
Developer Hermitage Group, working with EPAD, the public sector body responsible for development at La Défense in Paris, are planning to build a new 24-hour urban community housing Western Europe’s tallest mixed-use towers to the east of La Défense.
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Government launches final Carbon Reduction Commitment consultation
The government has today started the final round of consultation on the UK’s mandatory emissions trading scheme that is set to launch next April.
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Mishcon De Reya property partner appointed honorary Queen’s councel
Philip Freedman CBE, property development lawyer and partner at Mishcon de Reya, has been appointed be the Queen’s Counsel honoris causa.
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MIPIM 2009: Birmingham calls for inward investment
Birmingham City Council leader Mike Whitby is to call on investors and banks at MIPIM to fund his £20bn ‘Big City Plan’.
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Susan Freeman's MIPIM Blog - Day Three
Now well into day three, there seems to be a general consensus that smaller is better as far as MIPIM is concerned.
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Fallen retailer Baugur files for bankruptcy
Icelandic retail group Baugur Group is filing for bankruptcy after a court called time on its efforts to reorganise.
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MIPIM 2009: Business rates should be raised from new developments Salway says
The planning process would be speeded up if local authorities could rake in business rates from occupiers that new developments attract, said Land Securities chief executive Francis Salway today.
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Mortgage investors urge rescue changes
Investors who hold billions of dollars of residential mortgage-backed securities are pressing the Obama administration to make changes in its housing rescue plan.
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Developers stampede to offload properties
Developers are rushing to offload some of their 16,623 abandoned or deferred apartment and townhouse projects in Brisbane, Melbourne and Sydney to state housing departments as part of the federal Government's $6bn move to fund the purchase of up to 20,000 new dwellings throughout Australia.
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Aussie government launches $4bn move to protect commercial property
The Australian Government has introduced draft laws in Parliament to set up a $4bn contingency fund with the four major banks to refinance commercial properties if money from foreign lenders dries up.
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Largest HK developer plunges 94.9%
Sun Hung Kai Properties, Hong Kong's largest developer, reported the worst interim results in 20 years as a severe property downturn sent net profit plunging 94.92%.
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Kuwait property sales plunge 35% in February
Kuwaiti property sales fell 35.2% in February, the eleventh straight month of decline, official data shows.
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Deyaar moves to cut default risk
Deyaar Development will unveil measures to help reduce the risk of property defaults, including full refunds on two of its projects.
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Freddie seeks another $31bn capital infusion
Freddie Mac said yesterday that a $23.9bn fourth-quarter loss would require it to draw down $30.8bn of capital from the US Treasury, but warned that it would face difficulties paying the government back.
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Regeneration plans battered by crunch
Regeneration projects worth billions of pounds have been left on the drawing board as property companies and councils struggle amid the credit crunch.
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Average home price falls £100 a day
The average UK home is losing value at a rate of £100 per day and more than £1tr has been wiped off the housing market in the past year, a survey has revealed.
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Savills posts £7.7m loss and slashes dividend
Savills, the estate agent, reported a £7.7m loss and cut its dividend payment in half.
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Boris offers foreign firms rent-free offices for a year
Boris Johnson, the Mayor of London, yesterday sought to tempt foreign businesses to the capital by offering companies up to a year without rent.
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House price falls 'to continue'
The housing market will suffer another difficult year of low volume sales and further price falls, according to Savills which yesterday reported a full-year loss.