All Property Week articles in 14 November 2003 – Page 4
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News
Tory Letwin attacks Stamp Duty on leases
The Conservative party THIS week turned up the heat in the campaign to overturn proposals to impose Stamp Duty on leases. In his first public appearance since being made shadow chancellor on Tuesday, Oliver Letwin accused the government of giving business a 'rotten deal' with a 'classic stealth tax'. Stamp ...
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Insight
Sun, surf and South East Asia: why every day's a g'day in Australia
The last word, with Steven Norris
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News
Invesco buys HVB fund arm
Invesco Real Estate Advisers became one of Europe’s largest property fund managers this week when parent company Invesco bought a majority interest in the institutional property asset management business of HypoVereinsbank (HVB), Germany’s second-largest bank. The transaction involves the transfer of ¤3.5bn (£2.43bn) of property funds in Europe and the ...
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News
Auctions analysis
Private investors paid more than £45m at last week’s London auctions in advance of the rise in interest rates. Despite the 0.25% rates hike, Barnett Ross raised £15m at its 6 November auction with a success rate of 84%. Barnett Ross auctioneer Jonathan Ross said: ‘We saw no difference in ...
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News
Home Office lands at Manchester airport
The government has AIDED the struggling south Manchester office market with the area’s biggest deal of the year. The Home Office’s Immigration and Nationality Directorate has taken 43,000 sq ft (3,995 sq m) from Manchester Airport Developments at its 4M development at the airport. The government department, advised by Donaldsons ...
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Markets
Advance Australia fair
There was a time when Brits were paid to emigrate to Australia, but now companies from Down Under are coming into their own in the UK market.
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Markets
Crane and able
The latest Drivers Jonas Greater Manchester Crane Survey gives an overview of the main developments under construction outside Manchester city centre
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News
Bett plans £60m Glasgow scheme
Bett Properties, the Glasgow-based property company, is set to develop a £60m office building at the heart of the city’s financial services district. Bett has submitted a planning application to Glasgow City Council for a 220,000 sq ft (20,438 sq m) office building – phase one of its 220 ...
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News
Erinaceous prepares £60m AIM flotation
Property services company works up plans to raise £10m to fund expansion
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Professional
Taxes add 50% to premiums
Real Estate Insurance in AustraliaThe insurance regime down under is not dissimilar to our own. It is highly regulated: for the Financial Services Authority read the Australian Prudential Regulatory Authority (APRA). However, APRA did not blow the whistle on HIH, one of the largest indigenous insurers, until it was already ...
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News
Regus aims to raise £40m in new share placing
Regus , the serviced office company that has ridden the peaks and troughs of the office market in the past three years, is to repair its balance sheet by raising new equity. As Property Week went to press on Wednesday, Regus was expected to announce within 24 hours that it ...
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News
Tate & Lyle’s Sugar Quay sells for £30m
Scottish Provident has sold Sugar Quay, Lower Thames Street, London EC3, for just over £30m. UK-based private clients of FPDSavills have bought the long leasehold of the 110,000 sq ft (10,219 sq m) building, which is let to sugar giant Tate & Lyle. Tate & Lyle has a lease on ...
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News
Grosvenor plans A$280m fund with Australian trust
UK company to join forces with Melbourne-based ISPT to buy properties outside Australia
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News
Allsop’s new team scoops £28m in two weeks
Allsop ’s New TEAM for private investor clients has completed more than £28m worth of deals in the fortnight since its launch. Allsop harnessed the private investor auction market by sending a brochure of an investment portfolio to the auction mailing list. The ‘Mulligan’ retail portfolio sold to a private ...
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News
JLL fails to match 2002 with 28% profits drop
Jones Lang LaSalle ’s third-quarter profits fell 28% after its investment management arm was unable to repeat the sparkling performance of a year earlier. The US-listed property services firm’s net income fell from $10.2m (£6.1m), or $0.32 a share, to $7.4m (£4.4m), or $0.23 a share, in the three months ...
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News
Kwik-Fit founder to sign 400,000 sq ft shed letting
Sir Tom Farmer's Morston Assets close to its first big deal in Staffordshire
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Online
Freeport shareholders throw out remuneration review
Freeport shareholders threw out the company's report on directors' remuneration at its annual general meeting today.
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Online
Final phase of Gypsy Corner gets go-ahead
Frogmore has received planning permission for the final phase of its mixed-use regeneration scheme in Ealing, west London.
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