All Property Week articles in 14 May 2010 – Page 2
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Cap & Reg refinances Xscape Braehead and sells £380m of assets
Capital & Regional has sold close to £380m of assets and refinanced its Xscape leisure scheme in Glasgow.
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LXB plans 250,000 sq ft retail scheme in Bedfordshire
LXB Retail, the AIM-listed edge-of-town and out-of-town retail property specialist, is working up plans for a 250,000 sq ft retail scheme in Bedfordshire, after completing a complex site assembly programme.
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US Justice Department looks into Hamptons home selling
The US Justice Department is seeking information about how homes are sold in New York’s home to the rich and famous, the Hamptons, Bloomberg reported today.
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Saudi Arabia invests $10.6bn in domestic projects
Saudi Arabia has continued its policy of investing in infrastructure to protect its economy from the global recession by approving over $10.6bn of domestic project investment in the first four months of the year, Gulf News reported today.
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Nakheel agrees settlement on 50% of trade creditor claims
Nakheel, the property development arm of Dubai World, yesterday said it had agreed settlement on 50% of the claims against it from trade creditors, Gulf News reported today.
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Bank of New York Mellon considers new HQ
Bank of New York Mellon is considering selling its New York headquarters and moving to a new home, Bloomberg reported today.
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Land Securities posts profit as properties gain value
Land Securities Group Plc, the U.K.’s largest real estate investment trust, reported a full- year profit as the value of properties from the White Rose mall in Leeds to Cardinal Place in London increased.
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Meydan signs up Chinese firm to start Dubai business park
Dubai developer Meydan has signed construction conglomerate Guangsha Middle East Construction to develop the first phase of its Meydan Metropolis Business Park, Gulf News reported today.
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Stockland reports "record" residential sales
Property developer Stockland Group is on track for record residential sales for the year 2009-2010, the Australian reported today.
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Signs that development slump ending as US architect demand rises
Demand for architects in the US rose to the highest level since January 2008 last month, Bloomberg reported today.
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Analysts cut profit estimates at Chinese companies
Goldman Sachs and Credit Suisse have cut profit and share price estimates for Chinese property companies as the Chinese government clamps down on speculation to avoid asset bubbles.
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80% success at Allsop auction nets £51m
Allsop achieved an 80% success rate at its third commercial auction of the year yesterday, raising £51m from 74 lots. One hundred lots went under the hammer at the Park Lane Hotel. Seven were withdrawn before the event and 19 went unsold.
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MORNING AFTER: St George's Day golf and dinner
Celebrities and property professionals faced off in the inaugral St George’s Day Celebrity Golf and Dinner Event, hosted by specialist property investment and development company Cignet Group, last month.
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Coalition confirms major planning system reform
The new Conservative-Liberal Democrat coalition government has today confirmed for the first time that it will push ahead with big changes to the planning system.
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Inflation hits 17-month high
The headline rate of UK inflation hit a 17-month high last month – raising fears that the Bank of England may be forced to raise interest rates sooner than expected.
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Your last chance to join the biggest names in London retail
On Friday the biggest names in London retail will gather for the London Retail Summit to discuss the changing shape of the capital's shopping environment.
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Regus shares plummet after UK centres underperform
Shares in Regus plunged 16% this morning after the company reported a disappointing trading update.
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India's largest developer to sell majority stake in luxury hotels chain
India’s largest property developer is to sell its 97% stake in luxury hotel chain Aman Resorts, the Times of India reported today.
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SEB buys €108m Spanish office
SEB Asset Management has spent €108m in a sale and lease back deal with Spain’s oldest savings bank, PropertyEU reported today.
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Olney named interim head of Defence Estates
David Olney has been appointed as interim chief executive of Defence Estates, Public Property UK can reveal.