All Property Week articles in 14 December 2007 – Page 11
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Home affordability hits 15-year low
Housing affordability for people with new mortgages reached its worst level for 15 years in October as borrowers had to spend significantly more of their income on mortgage costs than they did at the start of this year. Financial Times
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Thames Gateway chief quits 'after row with Cooper'
Thames Gateway regeneration project chief Judith Armitt has quit as chief executive barely one year into the job. Financial Times, The Times
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Property stocks face FTSE eviction
The most comprehensive reshuffle of the FTSE 100 index since the aftermath of the dotcom bubble is expected to be announced by index compiler FTSE today. Financial Times, Daily Telegraph
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Sub-prime lenders slammed for ‘irresponsible’ policies
Householders with troubled credit histories are being forced out of their homes because of the 'irresponsible' actions of sub-prime lenders, according to the Citizens Advice Bureau. The Times
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Trump defends Salmond in golf row
Donald Trump has leapt to the defence of Alex Salmond, Scotland’s first minister, in the controversy surrounding the US property magnate’s plans to build a £1bn golf resort near Aberdeen. Financial Times
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Opposition turns up heat on Darling
The political pressure on the government over Northern Rock escalated yesterday, as the Liberal Democrats repeated their call for an urgent nationalisation of the bank and the Tories warned such a move would be a 'monumental failure'. Financial Times, Daily Telegraph
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Federal bank co-op helps keep US alfoat
A little-known network of government-sponsored bank co-operatives founded during the Great Depression is playing a critical role keeping the private sector US mortgage industry open for business – and some mortgage lenders out of financial trouble – in spite of the brutal slump in the housing sector. Financial Times
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Willmott Dixon to take control of Inspace
Willmott Dixon, the privately held construction company, has made a 183p a share indicative offer for Inspace, the social housing maintenance group it spun off in 2005. Financial Times
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Online
GE completes €205m German buy
GE Real Estate has purchased a portfolio of properties in Germany for €205m (£147m).
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Grosvenor partners Capmark for Parisian buy
Grosvenor and Capmark Investments have teamed up to buy a brace of Parisian office buildings from RREEF for E170m (£122m).
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OnlineMontgomery to replace Armitt at Thames Gateway
Joe Montgomery, director general of Regions and Communities, is to take over as chief executive of the Thames Gateway following Judith Armitt’s resignation.
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OnlineThe Mall plans major Luton extension
The Mall has submitted plans for a £150m extension to make its Luton shopping centre one of the UK’s largest.
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GE buys E205m German portfolio
GE Real Estate has bought a E205m(£146m) portfolio of 31 properties in Germany.
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OnlineJLL’s Chris Jolly leaves to join Merrill Lynch
Jones Lang LaSalle’s managing director of corporate finance Chris Jolly is leaving to join Merrill Lynch.
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Online'Lack of pragmatism' sees Savills sale suffer
A chasm between what buyers want to pay and what sellers want to sell for saw success rates suffer at the Savills auction yesterday, as the company posted 60% success rate.
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Pramerica continues Asian expansion
Pramerica has bought Japanese asset manager Round Hill Capital Partners Kabushiki Kaisha as it continues its expansion into Asia.
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Mayfair sells Dover Street office building
Private investor fund MC Property Growth Fund has sold Aspen House on Dover Street to Browns Hotels for £7.5m.
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Marks & Spencer to open first store in Armagh
Marks & Spencer is to open its first store in Armagh, Northern Ireland at Jermon Development’s retail park The Spires.
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Property trust cuts value by nearly 18%
New Star has slashed the value of its flagship property unit trust by 17.8% in a vivid sign of collapsing confidence in UK real estate. Financial Times, Daily Telegraph
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House building 'could precipitate collapse'
Gordon Brown is at risk of sending house prices plummeting into crisis if he pushes through plans to build three million new homes by 2020, an economist claims. Financial Times, Daily Telegraph
