All Property Week articles in 14 March 2008 – Page 10
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Treasury seeks market-led mortgage solutions
The Treasury yesterday unveiled a new consultation on market-led solutions to the crunch in wholesale mortgage markets. Financial Times, Daily Telegraph
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Savills reassures and makes 20% bonus payment
Savills sought to reassure investors that it could weather the challenges of the coming year as it reported a rise in annual profits and lifted its staff bonus payment 20%. Financial Times, The Times, Daily Telegraph
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Sharia stamp duty loophole closed
A loophole allowing commercial property investors to avoid paying stamp duty on an estimated £1bn of deals was closed in the Budget. Financial Times, The Times
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Gloom remains despite low income aid
Measures to make affordable housing schemes attractive to those on low incomes were announced, but Alistair Darling offered little to cheer agents, housebuilders and the many buyers not eligible for special schemes. The Times
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Northern Rock debt 'to shrink to £14bn'
Northern Rock’s debt to the government was expected to shrink to £14bn in one year, the Treasury said yesterday, as it published figures showing the decision to nationalise the failed mortgage lender would lead to a sharp increase in borrowing this year. Financial Times
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Costain pays first divi since 1991
Shares in Costain rose 10.1% yesterday as it committed to paying a dividend for the first time since 1991. Financial Times, The Times, Daily Telegraph
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MIPIM 2008: Urban Splash debuts in Scotland
Urban Splash has been chosen to develop a £70m seaside community on the west coast of Scotland, it was announced at MIPIM yesterday.
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ING kicks off 5m sq ft Euro development drive in Maidenhead
ING Real Estate has announced plans for an E200m (£152m) retail-led redevelopment of Berkshire’s Maidenhead town centre as part of a 5m sq ft Europe-wide development drive.
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MIPIM 2008: JLL forms Turkish retail alliance
Jones Lang LaSalle has struck a formal alliance with a Turkish retail consultancy as it seeks to beef up its European retail presence.
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MIPIM 2008: £2.7bn masterplan for Canning Town
Architect Erick van Egeraat unveiled his masterplan for the £2.7bn regeneration of Canning Town, East London today at the MIPIM property conference in Cannes.
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Central and eastern European developer gets E100m equity boost
Central and eastern European developer Adama Holding has raised E100m (£76m) of new equity in a private placement.
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Little for property to smile about in budget
Chancellor Alastair Darling is ploughing ahead with changes to the tax regime set to cost the industry £3.5bn over the next three years.
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MIPIM 2008: ING sells Alcala Shopping centre in its retail fund
ING Real Estate has sold its Alcala Magna shopping centre in Madrid into its ING Retail Property Partnership Southern Europe Fund for E130m (£99.6m).
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Atisreal buys Morgan Pepper
Atisreal has bought City of London agent Morgan Pepper for around £6m.
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MIPIM 2008: Snyder: turbulence contained
Corporation of London policy chief Michael Snyder this afternoon came out fighting as the credit crunch dominated MIPIM.
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BP picks JLL for property transactions management
Energy giant BP has appointed Jones Lang LaSalle to advise on its property transactions in Europe, the Middle East, Africa and Asia.
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MIPIM 2008: Prescott pledges Liverpool regeneration
John Prescott was on the Liverpool stand today to introduce a new partnership between Liverpool City Council and investment-led regeneration specialist Inpartnership that will regenerate hundreds of acres and build thousands of new homes in Liverpool's most deprived areas.
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German investor buys 237,000 sq ft Rotterdam Building
German investor Union Investment Real Estate has bought a 237,000 sq ft mixed use building in Rotterdam.
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MIPIM 2008: Developers key to Olympic Park plans
The London Development Agency said last night at MIPIM that developers are central to its plans for the legacy of the Olympic Park.
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Green light for Lazarus in Yorkshire
Yorkshire developer Lazarus Properties has got the go ahead for a £30m urban village centred around a 10th century church in South Yorkshire.