All Property Week articles in 15 May 2009 – Page 7
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Sub-prime king targeted by regulators
70-year-old Angelo Mozilo looks increasingly likely to be the first, and perhaps only, big name to face charges over the sub-prime home-loans scandal.
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House sales raise hopes
The housing market continued to show signs that the worst of the economic crisis may be over. The RICS said that enquiries from new buyers rose in April, the sixth consecutive month of growth. It also reported that sales were up for the month, albeit from exceptionally low levels, with ...
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Tube upgrade at risk says departing chief
Senior public officials are risking the improvements in efficiency and performance on some London Underground lines by questioning the future of the private company responsible for them, the company’s chief executive says.
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Repossessions increase by 50%
The number of repossessions in the first quarter of 2009 increased by 50% from the same period last year according to the Council of Mortgage Lenders (CML).
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Property rental values fall for the 14th consecutive month
Property rental values have dropped 3.21% in April for the 14th consecutive month, according to Investment Property Databank (IPD).
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Cushman loses €47.3m in first quarter
Cushman & Wakefield made a loss of €47.3m in the first quarter of this year.
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Atisreal creates central London transactional team
Atisreal has created a Central London transactional team as a response to the changing UK market.
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OnlineDevelopment Securities’ gets go ahead in Slough
Development Securities got outline consent this week for two offices in the Heart of Slough regeneration scheme totalling 269,000 sq ft.
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OnlineDerwent London’s portfolio shows ‘defensive qualities’
Derwent London said its balance sheet is strong and it is ‘well positioned’ to benefit from the downturn.
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Obama housing rescue adds aid for 'short sales'
The Obama administration on Thursday laid out additions to its housing-rescue plan that are designed in part to make it easier for financially troubled homeowners to sell houses that are worth less than their mortgages.
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Whitehall Fund cash call on top of losses
There is more pain to come for investors in Goldman Sachs's biggest real-estate private-equity fund.
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Aussie home grants 'risk more defaults'
The extension of time for the enhanced first home grants puts more borrowers at risk of default, as the spectre of double-digit unemployment looms, an academic says.
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Doha office prices dip 20-25%
Rents for office space across the Qatari capital have come down by around 20-25% in the past few months on lower supplies and slackening demand.
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Allianz delays UK spending spree
Allianz SE, Europe’s biggest insurer, is delaying plans to make its first UK commercial real-estate investments because the deepening recession caused rents to fall and increased building vacancies.
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English village sold for up to £25m
Linkenholt, a picturesque village in southern England with a cricket club and two blacksmiths, has been sold after being put on the market with an asking price of as much as £25m ($37.9 million).
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Irish Life bad loans at top of forecast
Irish Life & Permanent, Ireland’s biggest mortgage lender, said loan losses for the three years to 2011 will be toward the top end of its forecast, as borrowers struggle to make repayments amid a deteriorating economy.
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OnlineShearer scores in Swindon
Shearer Property Group and UK Commercial Property Trust (UKCPT) have got the green light for a redevelopment in Swindon town centre in a rare development to start this year.
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Commercial property default fears grows
Close to £43bn of loans to the commercial property sector are due for repayment this year, threatening default for property companies struggling to raise new money and piling further pressure on the UK’s banks to support corporate borrowers.
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Mandelson urged to help recoup £400m Dubai debt
Builders and engineers responsible for the luxury developments that turned Dubai into a desert boom town have called on the British government to help them recover hundreds of millions of pounds in unpaid debts.
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Noe bounces back
Leo Noe is seeking investors for a £300m new opportunity fund, in the latest foray into the battered commercial property sector by a respected industry figure.
