All Property Week articles in 13 November 2009 – Page 3
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Jones Lang LaSalle appoints new EMEA heads
Jones Lang LaSalle has carried out a series of senior appointments to strengthen its Europe Middle East and Africa (EMEA) management board.
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Kingston’s Rotunda sold for 7.5%
Fund manager Managing Partners, through its British Property Opportunities Fund, has bought a stake in the Rotunda building, a leisure scheme in Kingston upon Thames, London.
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Goodman and AWM get green light for mixed use scheme at former Jaguar site
Goodman and Advantage West Midlands (AWM) have won planning consent to develop over 875,000 sq ft in a mixed use scheme at the former Jaguar site at Browns Lane in Coventry.
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Hammerson poised to buy Silverburn
Hammerson and its partner Canadian Pension Plan (CPP) are in pole position to buy the £300m Silverburn shopping centre near Glasgow.
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MAPIC 2009: Spanish retail development slashed in response to downturn
The Spanish property market reacted quickly to the economic downturn by cutting retail development by 77%, Savills has said.
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Greenwich Council kicks off Olympic office initiative
Greenwich Council is launching an initiative to promote new office space at Peninsula Central to occupiers in the run up to the 2012 Olympics.
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Simon considers General Growth acquisitions with Lazard hiring
Simon Property Group Inc., the U.S. shopping mall owner with more than $4 billion in cash, hired Lazard Ltd. and Wachtell, Lipton, Rosen & Katz as financial and legal advisers as the company considers buying assets of bankrupt General Growth Properties Inc.
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Segro issues £300m bonds
Segro is raising £300m through the issue of 12-year bonds and will use the proceeds for “general corporate purposes”.
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Minerva rejects take over bid
Minerva has rejected South African investor Nathan Kirsh’s unsolicited take over bid and said it “significantly undervalues” the company and its future prospects.
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MAPIC 2009: French development market sees 25% increase in small projects according to Savills
The French retail market has seen a marked increase of around 25% in development projects below 1,000 sq m (10,764 sq ft) driven by demand from discounters such as Lidl and Leader Price, according to Savills.
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Bath Spa project legal dispute resolved
The legal battle between Bath & North East Somerset Council, Carillion and architect Nicholas Grimshaw & Partners (NGP) over the Bath Spa Project has been settled.
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Deutsche banker Paul Lloyd joins CB Richard debt team
CB Richard Ellis has appointed former Deutsche banker Paul Lloyd as head of loan and special servicing in its real estate finance division in London.
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West End’s Tann to leave CBRE for DE & J Levy
Simon Tann, senior director of West End leasing at CB Richard Ellis, has resigned to join DE & J Levy.
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Property values rose by 1.9% in October
UK property’s recovery moved on apace in October, when values rose by the highest monthly amount in almost four years.
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Margate's Dreamland wins funding to become the first vintage amusement park
Dreamland in Margate has won a pledge from the government’s Sea Change fund to fund its redevelopment into the world’s first vintage amusement park.
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Centro Retail seeks to slash loan ratio
Centro Retail Trust yesterday flagged a $3.75bn capital transaction - possibly through a float of property assets - that would be part of a major restructure of the debt-laden Centro group.
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Falling property sales hits India's stamp duty collection
The dip in property sales has taken its toll on the Stamp Duty revenue in India.
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Abu Dhabi maximum rent rise fixed at 5%
Officials have ruled that the maximum annual rent increase on properties in Abu Dhabi will remain at 5%.
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Dubai hotel oversupply fears
The chief executive of Emaar Hospitality Group has played down fears that Dubai may face a major oversupply of hotel properties in the coming year.
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Beazer chief set for bonus 'clawback' claim
Beazer Homes, which last year settled US allegations that it misstated earnings, said its chief executive officer may be sued by regulators to recover incentive pay he collected.