All Property Week articles in 14 November 2008 – Page 3
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Sellers withdraw as prices dive
The number of homeowners selling their properties has dropped by 43% in the past year, as falling house prices deter potential sellers.
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Buy-to-let arrears linked to easier rules
Buy-to-let mortgages made in 2006 and 2007 – roughly half of all outstanding BTL mortgages – are showing higher levels of arrears than those dating from earlier, before lenders relaxed underwriting standards, a Standard & Poor’s study shows.
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Rock eases up on repossessions
Northern Rock has undergone a Damascene conversion over its treatment of mortgage customers in arrears, a debt charity has said.
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Online
London’s West End comes top in European retail rankings
London’s West End is officially Europe’s leading shopping destination, according to research by Experian.
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Miller buys Bulgarian mall
Miller Developments has added Bulgaria’s largest new shopping centre to its portfolio in a £102m deal.
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Taylor Wimpey future uncertain after share plunge
The race is on to secure the future of Taylor Wimpey, Britain’s biggest housebuilder, after a gloomy trading statement caused its share price to plummet by a third at the end of last week, wiping £60m off its value. The group must renegotiate debt terms by the new year to ...
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Candys profits up
The luxury property developer has defied the property market gloom, reporting full-year pretax profits of £7.8m, up from £2.6m last time. Turnover rose by 115% to about £20.6m.
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Trillium buyout will be 'over by Christmas'
Land Securities, has told the consortium bidding for its Trillium outsourcing division that it hopes to conclude the £950m deal around Christmas.
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Chancellor seeks delay on Rock repayment
Northern Rock could delay repayment of its remaining £11.5bn in taxpayer loans under a new Treasury plan to shore up the housing market.
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Online
Cushman back in black for Q3
Cushman & Wakefield returned to the black in the third quarter of 2008.
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Online
Miller Developments buys the Mall Varna shopping centre in Bulgaria for €120m
Miller Developments has completed the €120m (£103m) purchase of the Mall Varna shopping centre in Varna, Bulgaria after 17 months of talks.
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Online
IVG completes caverns fund deal
German property company IVG has raised €910m (£781m) for the launch of its IVG Caverns Fund.
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Newcastle’s Stephenson Quarter scheme gets the green light
Council has approved plans by local developer Silverlink Holdings for its proposed Stephenson Quarter mixed-use development.
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Online
McCabe is Yorkshire property personality of the year
Scarborough group chief Kevin McCabe was last night named Yorkshire and the north east property personality of the year.
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Online
Credit crunch threatens BBC property plans
The BBC is reviewing its property plans, including the potential sale of Television Centre in West London, as a result of the credit crunch.
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Dutch diplomats sign 15-year lease in Brussels
Austrian property management firm, IG Immobilien has signed up the The Royal Netherlands Embassy and the Permanent Representation of the Netherlands at its Kortenberglaan 4-10, 1000 Brussels office.
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Menta submits £500m Croydon plans
Craig Marks’ Menta has submitted a planning application to Croydon Borough Council for its £500m, residential-led mixed-use scheme on Cherry Orchard Road next to East Croydon station.
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News
Citygrove chair, Toby Baines ran the New York marathon, raising over £6,500 for chairty.
Toby Baines, chairman of Citygrove, has completed the New York marathon in 4 hours and 17 minutes and raised more than £6,500 for Bush Fire Children's Home.
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Online
Urban Splash's Fort Dunlop to go on the market
Urban Splash is looking to sell its Fort Dunlop building in Birmingham.
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Brixton reveals strong operational performance
Brixton’s shares jumped 3% this morning after it revealed it was performing strongly on the operational side of its business.