All Property Week articles in 15 May 2009 – Page 6
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Barking ‘creative industries quarter’ gets green light
The London Thames Gateway Development Corporation (LTGDC) has approved plans for the next stage of development at the ‘creative industries quarter’ in Barking, east London.
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New proposals could see developers having to subsidise others’ ‘green’ projects
Developers could be charged indirectly to subsidise the costs of ‘green’ buildings under new proposals by the Department of Communities and Local Government, says commercial law firm EMW Picton Howell.
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Shaftesbury looks at options to snap up bargains
Shaftesbury confirmed it is assessing its opportunities to raise cash to expand its business this morning, following press speculation over the weekend.
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Great Portland Estates responds to equity issue speculation
Great Portland Estates today said it was considering its options to provide the company with ‘additional resources’.
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Goldman taking heat of Whitehall conflcits
One of Goldman Sachs premier real-estate funds is in discussions with its lenders to restructure debt on some of its biggest investments: Nevada casinos, German office buildings and a US hotel chain.
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Oz REITS raised $3.7bn with more needed
Australia's heavily indebted listed property trusts, which raised almost $3.7bn in the past two weeks, are expected to need more capital.
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CFS launches A$100m bond
CFS Retail Property Trust has launched a minimum $100m increase to its existing 2012 bond, the first wholesale bond offering in the Australian market since 2007.
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Rents for prestige Aussie property plunge
The number of properties being put up for rent in the nation's wealthiest suburbs has soared, as unemployment fears intensify and struggling mansion owners try to avoid selling during the recession.
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Oz first-time buyers 'most vulnerable'
People entering the housing market through the first-home buyers grant boost will be most most vulnerable to any falls in home prices over the next 12 months, the Housing Industry of Australia said today.
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Sino-Ocean hits 60% of annual target
Sino-Ocean Land Holdings, the largest developer in Beijing, has set a record by achieving more than 60 per cent of its sales target of 8 billion yuan (HK$9.08bn) this year.
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Hang Lung buy signals optimism
Hang Lung Properties paid 415 million yuan (HK$471mn) for a site in Wuxi, its second acquisition in a week, signalling growing developer optimism in the market.
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Dubai real estate 'to bottom out in in second half'
Deyaar sees Dubai real estate bottoming out in the second half but will shift its focus from the UAE to emerging markets next year, and is mulling a MENA wide property fund, its chief executive said on Saturday.
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Nakheel may get more funds from $10bn bond
Nakheel could be inline for extra financial help from the Dubai government later this year as part of plans to repay a $3.52bn (AED21.9bn) Islamic bond, a senior government official has revealed.
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Dubai regulator to be 'reference' for Mid-East property industry
Dubai’s property regulator the Real Estate Regulatory Authority is to act as an international reference point for the region’s real estate sector, one of its senior officials has revealed.
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Tamweel may repossess defaulted property
Tamweel, the UAE's largest home lender by volume, may become the first to sell repossessed properties once the legal process is complete.
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Valad plunge as founder quits
Valad Property Group, an Australian real-estate investment trust that carried out more than $2bn of acquisitions in 2007, fell to the lowest in almost two weeks in Sydney trading after its co-founder resigned.
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Property firms raise war chests
Three property companies – Great Portland Estates, Shaftesbury and Big Yellow – are preparing to raise a combined total of £330m to snap up bargain buildings during the recession.
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Orchard-Lisle to raise £200m opportunity fund
Paul Orchard-Lisle, the former chairman of Slough Estates, is to become the latest property veteran to launch new opportunity funds, meaning that £700m has been earmarked for ventures over the past seven days.
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Asking prices on houses rise in May
A mixture of 'ambition, optimism and necessity' among sellers has driven a surprise 2.4% jump in asking prices for homes over the past month, according to the property website Rightmove.