All Property Week articles in 14 May 2010 – Page 5
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Hammerson signs Cult at The Rock
Fashion retailer Cult has taken 11,042 sq ft at Hammerson’s leisure and retail scheme The Rock in Bury. Over three quarters of the scheme is now let ahead of its launch on 16 July.
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Departments target 10% carbon cuts in a year
Prime minister David Cameron has said that central government buildings will publish more energy data as they attempt to cut their emissions 10% over the next year.
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London & Capital hires property finance head
London & Capital, the wealth management firm, has appointed Daniel Uzan to head its commercial real estate finance team.
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UPP preferred bidder on Kent campus revamp
University Partnerships Programme has been selected as preferred bidder on a £26m student accommodation project for the University of Kent. The project will be UPP’s second for the university.
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Property insolvencies fall, says Experian
Property business insolvencies fell 44% year on year in April but the sector’s financial strength has decreased, according to Experian.
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Mainland shoppers spurs developer to renovate HK shops
The increasing number of mainland shoppers has encouraged Hongkong Land to invest HK$151m to renovate the retail podium of Prince's Building in Central.
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Etihad tells all staff to live in Abu Dhabi
Etihad Airways will no longer provide accommodation allowances to new staff choosing to live outside Abu Dhabi, Arabian Business has learnt.
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Nakheel gains agreement from half trade creditors
Nakheel, the indebted property developer owned by Dubai World, has secured agreement on 50% of claims totalling $1.6bn (Dh5.87bn) from its trade creditors.
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Beeston named Taylor Wimpey non-exec chairman
Taylor Wimpey has announced Kevin Beeston as non-executive chairman, starting on 1 July. He takes over from Norman Askew, who announced his intention to stand down in December last year and will leave the company on June 30.
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Japanese developer files for bankruptcy protection
Japanese property developer Properst has failed for bankruptcy protection, Bloomberg reported today.
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H&M eyes southern hemisphere expansion
Europe’s second largest retailer H&M is considering open its first store in the southern hemisphere as it competes with larger rival Inditex, Bloomberg reported today.
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IBM reviews Thames Valley presence
IBM is considering a move within the Thames Valley after deciding to downsize its offices near Heathrow.
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Zell sells stake in Brazil housebuilder
Billionaire Sam Zerll has sold part of his stake in Brazil’s second largest housebuilder Gafisa, Bloomberg reported today.
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U.K. commercial property prices may decline, biggest funds say
U.K. commercial real estate prices may fall next year as investors’ enthusiasm for buying stores, offices and warehouses wanes, according to the managers of the country’s largest property mutual funds.
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Amazon rain forests makes way for malls
The Amazon forest has followed a predictable pattern. Loggers make way for cattle ranches that make way for farms. Now shopping malls.are moving in.
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Hong Kong lays down the law to curb house price surge
The government of Hong Kong has moved to curb surging house prices in the region with a set of rules for housebuilders and developers.
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Urban Splash cranks up residential development programme
Urban Splash is cranking up its residential development programme once again after receiving a government-financed cash injection of nearly £40m on three of its key schemes.
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Disney to relocate on Oxford Street
The Disney Store, the retail chain of Walt Disney, is planning a new design concept in 20 stores and has plans to relocate on London’s Oxford Street.
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Serves up store in Wimbledon
TK Maxx has taken the former 20,000 sq ft Woolworths from the Worshipful Company of Drapers at 65-69 The Broadway in Wimbledon at around £300,000 a year