All Property Week articles in 13 March 2009 – Page 6
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Mumbai 'loses sheen' on high land prices
The vicious circle of supply shortages and high land prices are taking the sheen out of Mumbai as the metropolis, which houses 12m people in slums and degraded apartments, has become the world's most densely populated city, the World Bank said on Thursday.
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Beazer Homes shares jump 65% on eco-promotion
The battered shares of home builder Beazer Homes USA Inc. got a wild jolt on Thursday.
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Revival of downtown LA stalled as landowner faces bankruptcy
The largest private landowner in downtown Los Angeles said it may have to file for bankruptcy protection, the latest sign of how the credit crunch has frozen a multibillion-dollar revitalization of the city's downtown.
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Troubled GPT threatened by $600m option
Troubled listed property trust GPT may have to pay Melbourne's retailing dynasty, the Besen family, up to $600m.
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ANZ jobs on the move to India
ANZ Bank will dump 500 back-office staff in Australia and shift the jobs to India by the end of the year.
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Shopping centre helps Champion REIT double income
Champion Real Estate Investment Trust said its distributable income more than doubled last year, as the company benefited from the acquisition of Langham Place.
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Swire expanding property exposure after profit plunge
Swire Pacific will spend HK$13bn in the next five years to expand its investment property portfolio by 50% after reporting a 77.5% drop in net profit last year.
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Kingdom Hotels in 60% profit dive
Kingdom Hotel Investments, the Dubai-based international hotel and resort property company, reported a 60% decrease in net profits last year, according to its preliminary results released today.
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Centros’s fury at Lancaster call in
Centros, the developer owned by Delancey, is criticising the government for calling in its development proposals for a £140m regeneration of a 10-acre brownfield site in Lancaster city centre.
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Resi crisis could change housebuilding forever, says Knight Frank
The housebuilding crisis could result in major changes to the way new homes in the UK are financed, built and planned, according to a new report by Knight Frank.
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Norway to pour oil billions into UK commercial property
Norway's sovereign wealth fund, sitting on around £240bn of profits from its oil and gas reserves, plans to start buying commercial property in the second half of 2009, with the UK at the top of its shopping list.
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One Curzon Street: ground zero of global crisis?
The international financial crisis was triggered by a group of AIG traders who ran up £310bn in toxic debts from a small office in Mayfair, it has been claimed.
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Morrisons unveils expansion plan for South
Morrisons will embark on a fresh wave of expansion in the South of England after strong growth in London and the Home Counties boosted sales and profits.
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'Speed up planning' says Salway
Local authorities should be offered incentives to speed up the planning process, Francis Salway, the chief executive of Land Securities, said yesterday.
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Retailers try to face down Westfield
Some retailers have refused to pay part of their service charge to Westfield in a stand-off between shopkeepers and the property developer over its decision to increase fees at the Westfield shopping mall just days after the £1.6bn retail centre opened.
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FSA to adopt tough new stance
Senior executives at troubled banks have been targeted by the City watchdog for close scrutiny over the decisions they made in the run-up to the crisis, the chief executive of the Financial Services Authority warned yesterday as he unveiled a tough new approach to regulation.
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Double blow for Manchester arts dream
Manchester suffered a double blow to its ambitions to become a cultural and media powerhouse yesterday as the costs of establishing a second home for the Royal Opera House rose and ITV ruled out moving to the BBC’s new MediaCity base.
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Rok dips 25%
The building and maintenance group, based in Exeter, reported a 25 % fall in full-year adjusted pre-tax profits to £20.4m, from £27.2m last time, as the economic crisis decimated the building industry.
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News
Stall order
The first signs of recession hitting MIPIM were visible at the ‘Savills Croissette Corner’ stand
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