All Property Week articles in 14 December 2007 – Page 2
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Online
Dire November forces Cap&Reg to pay back fees
Capital & Regional, the co-investing property fund manager, admitted today that it would have to pay back performance fees earned in 2006 because of ‘significant’ drop in the value of its two large funds in November.
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Online
CABE wants LandSecs to rip up Victoria plans
The government’s architecture watchdog said today it was unable to support Land Securities’ masterplan for the £2bn Victoria Transport interchange in Westminster.
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Online
Westfield gets go ahead for Sydney scheme
Westfield got the go ahead for the redevelopment of its Centrepoint, Imperial Arcade and Skygarden properties in Sydney.
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Online
Barratt wins English partnerships carbon challenge
Barratt has won a competition to build a carbon-neutral development of 188 homes at Hanham Hall near Bristol.
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Online
Wilson Bowden signs first tenant at Manchester business park
Wilson Bowden Developments has signed up the first industrial tenant for Kingsway Business Park in Greater Manchester.
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News
Flat glut leaves regional markets facing collapse
The filling of city centres with 'Identikit' apartments has left the price of such developments in danger of collapse. Housebuilding analysts are giving warning of price falls next year in some regional cities, saying that declines might be followed by years of stagnation. The Times
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News
Olivant set to stay in Northern Rock race
Olivant last night appeared to have been persuaded to stay in the auction for Northern Rock after gaining reassurance it would be treated on equal footing to a rival bid consortium led by Virgin Group. Financial Times, The Times
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News
Aviva property fund cash slips as investors head for exit
Aviva will unveil a near halving in the cash position of its flagship £3.2bn property fund today as it struggles to deal with continuing calls for cash from investors. Daily Telegraph
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News
Erinaceous sues property company
Erinaceous is suing the previous owners of a group of companies it bought two years ago as it believes it was overcharged by more than £20m. Financial Times
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News
Darling delays CGT announcement to New Year
Business anger over changes to capital gains tax intensified yesterday after Alistair Darling delayed an announcement on concessions to his contentious reforms until the new year. Financial times, Daily Telegraph
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News
HBOS in £180m write down
HBOS yesterday brushed off concerns about the credit squeeze as it wrote down £180m on its investments because of the market turmoil. Financial Times
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News
Court hears of UBS 'hiding' sub-prime hit
UBS, the Swiss bank, has been accused in a court in New York of hiding losses and misleading shareholders as the US sub-prime mortgage market collapsed. The Times
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News
House market slump hits Travis Perkins
Deepening uncertainty in the housing market has led Travis Perkins to warn of a short-term growth slowdown. Financial Times, The Times, Daily Telegraph
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News
Morgan Sindall order book up
Morgan Sindall the construction group, said that its order book had grown to £4.2bn, from £3.3bn at the start of the year.The Times
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News
O Twelve Estates reports loss
O Twelve Estates, the commercial property developer which is investing in sites near the 2012 Olympics at Stratford, East London, reported a first-half pre-tax loss of £10.6m, against profits of £2.6m last time, after value declines in parts of its £267m property portfolio. The Times
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Professional
Up in smoke
Land Securities is among the landlords that have doubts about carbon trading.
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News
Rosenfeld's return
After a torrid three years, ex-Minerva chief Andrew Rosenfeld has orchestrated a timely comeback to UK property. He also sets the record straight on ‘cash for honours’.
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News
Nordic posts NAV rise
Nordic Land, the AIM-listed investor managed by Lathe Investments, increased its net asset value by 12% to 101p a share between 26 July the day it listed on AIM and 30 September.
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News
Wrenbridge sells at Mariner Park
Cambridge-based property company Wrenbridge has sold three units totalling 58,000 sq ft at the 10 acre Mariner Park on Lichfield Road Industrial Estate in Tamworth, Staffordshire.