All Property Week articles in 15 February 2008 – Page 11
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Property development activity plunges to new low
Commercial development activity has plunged by almost a quarter in the UK in January, according to a new survey.
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Duchy’s designs on dairy farm
The Duchy of Lancaster has been granted planning approval to develop a cliff-top farm near Scarborough into a business centre.
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OnlineGovernment backs Birmingham New Street development
Transport Secretary Ruth Kelly today said the government would invest almost £400m to transform Birmingham’s New Street station.
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Cushman & Wakefield Investors names new Euro CEO
Cushman & Wakefield Investors, the investment management arm of Cushman & Wakefield, has appointed David Rendall as its new European chief executive.
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Selhurst Park put up for sale
Fans of Crystal Palace Football Club are set to see their stadium sold as a development opportunity for £12.5m.
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St Modwen posts record but sounds caution note
St Modwen Properties achieved a 15th successive year of record profits but warned that 2008 would be more difficult owing to the downturn in the property market. Financial Times, The Times, Daily Telegraph
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Sales and inflation dash rate cut hopes
Expectations that the Bank of England will embark on a raft of interest rate cuts are to be undermined by figures today showing high street sales were stronger than expected in January. Financial Times, Daily Telegraph, Independent The British Retail Consortium data follow yesterday’s official report showing the price of ...
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Workspace in write down
Workspace Group, London’s largest small business landlord, wrote down the value of its holdings by 4.8% during its third quarter ending December 31 to just over £1bn resulting in a pre-tax loss of £33m. The Times
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More High Street woe as Base calls in administrators
Cutthroat competition amid slowing retail sales put paid to more than 100 years of men's fashion today when clothes retailer Base called in administrators. Financial Times, The Times, Daily Telegraph, Independent
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House boost fails to halt slide
House prices rose slightly in December but failed to prevent annual growth sliding to a 13-month low, according to official figures. The Times
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RAB ups Rock stake
RAB Capital the hedge fund manager, said that it had bought a further 120,000 shares in Northern Rock at 96.19p a share, taking its stake to 8.13 per cent. RAB is backing Rock’s management team in the takeover fight with Virgin. The Times
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Kier Group sells PFI stake to Innisfree
Keir Group has sold its 50% Private Finance Initiative investment in Hairmyres Hospital in East Kilbride to its partner in the project, Innisfree M&G PPP Fund, for £13.8m cash. The company said that it will record a £16 million profit from the deal in the second half. The Times
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OnlineBirmingham to get its skates on
Birmingham is set to get its first permanent ice-rink in five years following Birmingham City Council’s approval today.
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OnlineWestfield on track at London shopping centre
Westfield has announced it is on track to open its £1.6bn London shopping scheme on schedule for Christmas.
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OnlineEnglish Heritage attacks South Bank tower plans
English Heritage has attacked Coin Street Community Builders’ plans for a 144-metre high tower on London’s South Bank – saying it will damage some of the capital’s most treasured views.
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St Modwen signs contracts for giant Welsh development
St Modwen has formally signed contracts to develop the 1,062 acre former oil refinery at Llandarcy in South Wales into an urban village.
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Kilmartin submits Perth plans
Kilmartin Property Group has submitted a planning application for £20m residential redevelopment of 15 acres in Perth, Scotland.
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OnlineSegro creates sustainability role
Industrial REIT Segro has poached a director from British Land to take on its newly created role of head of sustainability.
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St Modwen beats property gloom with valuation rise
Regeneration specialist St Modwen defied the downturn in property prices by posting a 7% rise in net asset value in the six months to 30 November 2007.
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Goodman buys £80m retail park
Goodman Property Investors has bought an £80.5m retail park in Greater London.
