All Property Week articles in 15 May 2009 – Page 4
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Lloyds cuts 625 a further jobs
Lloyds Banking Group is to cut a further 625 jobs – including 300 in Scotland – as it integrates the corporate bank of HBOS, the troubled lender it rescued in October.
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Regus rebuke over executive pay
A third of independent shareholders in Regus voted against an executive pay package as the serviced offices group reported a slowdown in revenue growth.
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Branson wants £1bn rail upgrade
A further upgrade of the London-Glasgow west coast main line at a cost of £1bn could reduce journey times sharply and be self-funding if the government gave the private sector more freedom to innovate, Sir Richard Branson claimed yesterday.
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Building site strikes over migrants
Wildcat strikes erupted yesterday on construction sites round the country over the hiring of overseas labour.
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TK Maxx Piccadilly store court case brought forward
The battle that is emerging from the Crown Estate’s decision to veto a letting to TK Maxx on Piccadilly Circus is set to hit the court earlier than expected at a trial in September.
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Bay Trading bought by fashion wholesaler
Bay Trading, the 175-store young fashion chain which went into administration last month, has been bought by Rinku Group.
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Prupim wants to deliver Wholesale Markets by 2012
Prupim has set a deadline for delivery of the relocation of Birmingham’s Wholesale Markets to its Hub scheme in the city for January 2012, if the planning process goes smoothly.
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OnlineChelsea Barracks protestors at Flower Show
A group of campaigners opposed to the redevelopment of Chelsea Barracks protested at the RHS Chelsea Flower Show today.
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Jones Lang LaSalle reorganises English team to create new Markets Group
Jones Lang LaSalle has reorganised its English agency and investment teams into a combined Markets Group.
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OnlineHammerson snares three more tenants at 125 Old Broad Street
Hammerson has signed three more tenants to more than 45,000 sq ft at its 125 Old Broad Street development in the City of London which is now 69% let by income.
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OnlineWrather Group sews up planning consent in Manchester
The Wrather Group has won planning consent to refurbish Arkwright House in Manchester, originally built as the headquarters for the English Sewing Company.
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Great Portland raises £166m of new equity to snap up bargains
Great Portland Estates is raising £166m of new equity from a rights issue to bolster its spending power.
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OnlineGrainger’s Rupert Dickinson to take medical leave of absence
Listed residential company Grainger’s chief executive officer Rupert Dickinson is taking an immediate leave of absence from the company due to ill health.
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Brandeaux re-opens Student Accommodation Fund
Brandeaux’s has reopened its Student Accommodation Fund and raised more than £15m.
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DTZ sells 50% stake in US firm Rockwood for ‘nominal amount’
DTZ has sold its 50% interest in US firm DTZ Rockwood to DTZ Rockwood for a nominal amount.
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OnlineLandSecs and Delancey plan for Clapham Junction hits buffers
Land Securities and Delancey have withdrawn their planning application for the £400m regeneration at Clapham Junction station.
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OnlineTesco opens green store in Orpington
Tesco has opened a 'green' store in Orpington this week as part of a mixed use development designed by Michael Aukett Architects.
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OnlineNeptune submits plans for New Brighton waterfront
Neptune Developments, advised by NJL Consulting, has submitted a planning application for a 45-acre mixed use site in New Brighton on the Wirral which will be home to a 66-bed hotel, a Morrison’s supermarket, 1,000-seat cinema and a number of bars and restaurants.
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Lend Lease projects selected for Clinton Climate Initiative program
Two projects by Lend Lease have been selected as part of the 16 founding schemes that will form part of the Clinton Climate Initiative program.
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Plunging Indian prices push up rents
The economic slowdown has hit home sales and sent prices plummeting. The flip side: home rents have shot up.
