All Property Week articles in 14 December 2007 – Page 13
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Richardson backs Rank with share interest
Richardsons Capital, the UK property developer, has bought derivatives over 9.3% of Rank and given its public backing to the troubled bingo and gaming group. Financial Times, Daily Telegraph
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Leslau bets on house price rise
Nick Leslau is taking a £234m bet that house prices will rise over the next 10 years. Sunday Times
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City warns of 10% slump in house prices
House prices are set to tumble by more than 10% next year, according to City traders. This weekend they warned that residential property values might continue to suffer up until 2012. Independent on Sunday
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Goldman creates $2bn Asia real estate fund
Goldman Sachs has amassed $2bn to use for property investments in Asia, a move likely to intensify competition for assets in fast-growing markets such as China and India. Financial Times
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Banks delay Rock bail-out until New Year
The three banks being lined up to provide £15bn to bidders for Northern Rock are refusing to sign off on any bail-out deal until the New Year at the earliest, according to senior banking sources. Sunday Telegraph, The Times
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Housing woes to hit consumer spending
Britain faces the weakest growth in consumer spending since 1992 because of the impact of the credit crisis on household interest payments and the downturn in the housing market, according to a new analysis. Sunday Times
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Boateng stiches up Savile Row
Ozwald Boateng, the suit designer whose clients include David Bowie, Jamie Foxx and Sir Richard Branson, will this week kick off an ambitious global expansion drive with the opening of a store on London’s Savile Row. Sunday Telegraph
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Pitt backs New Orleans homes initiative
Leading American architects have been commissioned to design homes for the New Orleans suburb that bore the brunt of Hurricane Katrina two years ago, under an initiative launched by the actor Brad Pitt. The Times
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Northern cities show patchy improvement
Many of the cities with the most improved economies over the past decade are in the north, an analysis by the Centre for Cities think-tank shows. Financial Times, The Independent
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Data farm plan for Lockerbie
Scotland could be home to the world’s largest 'data farm' if a £600m investment that could create 500 jobs gets the go-ahead early next year. Property developer Peter Hewkin plans to create the data farm – a collection of warehouses containing computer systems or servers – on a 140-acre site ...
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Upmarket Manhattan feels the property squeeze
The slump in America’s residential property market has reached the very top of the tree – Manhattan. The Times
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