All Property Week articles in 14 September 2007 – Page 10
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HMV’s experiential retail experiment
HMV chief executive, Simon Fox, said that the UK's CD market was set to decline by around 10% this year, he still expected improved performance from his stores with a new format currently being trialled. The Daily Telegraph. The Times. Financial Times
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Leisure parks and airports feed Restaurant Group
Restaurant Group, which operates Garfunkel’s, Chiquito’s, Blubeckers and the Italian-American themed Frankie & Benny’s, yesterday shrugged off talk of a consumer spending downturn as first-half earnings beat market expectations. Financial Times. The Times
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Is Reichmann building Songbird stake?
Songbird Estates, which controls Canary Wharf, was in focus again yesterday as speculation circulated that Paul Reichmann, the Canada-based developer of the Docklands estate, had been buying more shares. Financial Times
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Octupus and Alliance & Leicester swallow Smollensky’s
Smollensky’s, the London restaurant chain, has been bought for £12m by a consortium of Octopus Private Equity and Alliance & Leicester. The Times
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Segro drops out of FTSE 100
Segro, the UK’s fifth biggest REIT, dropped out of the FTSE 100 tonight.
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JLL's Cumming-Bruce to step down
Roualeyn Cumming-Bruce, chairman of UK capital markets for Jones Lang LaSalle, is to leave the UK business to become a consultant.
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National Grid plans £800m property arm sale
National Grid, one of the world’s largest energy companies, is planning to put its UK property arm up for sale for more than £800m.
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CBRE Investors buys Bristol offices
Strategic Partners UK, managed by CBRE Investors, has bought two office buildings in the £500m Cabot Circus redevelopment in Bristol for £11m.
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Barratt Homes picked as developer for Canada Water
British Land Canada Quays has chosen Barratt Homes as its development partner for the first phase of the £1.5bn regeneration of Canada Water in east London.
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Ritz 'salesman' exposed
A property investor was conned into paying a £1m deposit to a man posing as a property trader who claimed to have secured a deal to buy the Ritz Hotel from the Barclay Brothers for just £200m.
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Manchester based Property Route buys Eastgate Properties
Manchester based property investment company, Property Route, has acquired Eastgate Properties in a share purchase valued at £11.5m.
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OnlineBritish Land confirms slew of London office lettings
British Land has confirmed a host of lettings at its 35-storey Broadgate Tower development in the City of London.
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Standard Life sells Xerox HQ
Standard Life has sold the Xerox HQ in Welwyn Garden City to Greenhills for £42.9m.
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Cross-party Parliamentary committee launch public housing inquiry
A cross-party committee of MPs has been set up this week to launch a public inquiry into the reforms needed to deliver the three million homes promised by the government.
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OnlineArtisan Property Group has unveiled its plans for its first scheme in Salford.
The northwest developer has selected HKR Architect’s designs for the redevelopment of the former Brown Bros. warehouse and brewery site.
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Next to dress up
Next is to embark on an image makeover for Christmas, quadrupling marketing spend and replacing tired store fittings in a bid to reverse declining like-for-like sales. The Financial Times. The Daily Telegraph
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Italian bank Intesa to sell 200 branches
Italian bank Intesa Sanpaolo said yesterday that it had agreed to sell about 200 of its branches for about €1.9bn ($2.6bn) to a consortium of Italian banks. The Financial Times
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Istithmar joins Kerzner on Las Vegas Strip
Istithmar, a subsidiary of Dubai World, has joined MGM Mirage’s joint venture with Kerzner International to build a multibillion-dollar resort on the Las Vegas Strip. The Financial Times
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London fit-out group confident on credit disarray
Interior Services Group, the specialist in fitting out commercial buildings that relies on London for half its profits, predicted no impact this year from uncertainty in financial markets. The Financial Times
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Next chief attacks Tories’ car park tax
A Tory businessman and adviser to David Cameron has attacked Conservative proposals to force out-of-town shoppers to pay car parking charges. The Daily Telegraph
