All Property Week articles in 15 October 1999 – Page 2
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News
Hammerson opens its doors to IPD
Hammerson has become the latest major property company to give investment valuation information to IPD . IPD takes such information from funds and property companies confidentially so they can match their performance against the rest of the property market. While 95% of funds give information about their investments worth ...
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News
Real estate doesn't keep up with the market
Property shares had a disappointing run last week, missing out completely on the general stock market rally. While the All-Share Index had its best five-day period for months, rising 3.4% to 2897, the Real Estate Index barely moved, ending at 1985. Although Land Securities was up nearly ...
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News
RDA row heads for Euro court
A bitter dispute between the British government and the European Commission over the funding of England's Regional Development Agencies could end up in the European Court of Justice. The spat centres on the transfer of an English Partnerships ' grant regime, Partnership Investment Programme, to the eight RDAs. In May, ...
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Markets
Dorchester stores up its charm
After prolonged debate, Dorchester is to get a £30m retail development. However, as Tony Watts discovers, this is not your average new mall. Dorchester, Dorset s prosperous county seat, is a small town but has a considerable, well-heeled rural hinterland. So the prospect of a £30m development to add a ...
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Markets
Development case study: Liberty House, Southampton
While rents in Southampton are unlikely to hit the heights of provincial centres closer to the M25, the area has retained considerable indigenous demand, particularly in the banking and financial sectors. High profile occupiers such as NatWest, hsbc , Ernst & Young and PWC are major space occupiers in ...
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News
Care homes 'need shake-out'
Investment bank JP Morgan has allayed fears of a crisis in the care home market, claiming the shake-out among operators is 'a necessary contraction as part of the industry's natural maturation'. Many care home operators are struggling for survival, with margins under pressure as costs rise and revenues ...
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News
Second joint deal for GE Capital
Fresh from agreeing its £200m joint venture with MEPC , GE Capital has tied up a similar, but smaller, deal with Norseman Holdings and Tony Conway of Equity Estates. The three parties are buying a portfolio of 11 properties from Faisal Finance for £9.05m. The portfolio comprises 18,120 sq m ...
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Insight
Curtain call for nostalgic buyers
London's two biggest theatre groups Crescent and Stoll Moss are about to be sold. Christine Eade treads the boards into the exclusive world of theatre sales and valuation
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News
Industry still in the dark on business rates
The government s decision to phase in changes to business rates has done little to appease rating experts, who claim they are still unclear about how the system will work. After months of intensive lobbying from occupiers and rating groups, the government revealed late last week that it ...
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News
Covent Garden site blossoms
Derwent Valley Holdings added the final piece to a £30m Covent Garden island site last week when it snapped up 26 King Street. The central London specialist acquired the 970 sq m (10,400 sq ft) office and retail site from Kenbury for £5.2m, reflecting a yield of 7.3%. The ...
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News
First Pacific denies bid for FPDSavills
First Pacific Davies this week denied that it is about to make a cash bid to take control of FPDSavills. Responding to speculation over the weekend, a spokesman for the Hong Kong-based company, which owns a 20% stake in the surveying firm, said: 'The company denies it has ...
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News
Must do better concedes Ziff
Desperately unloved Leeds-based investor Town Centre Securities achieved a below-sector-average increase in net asset value of 8.5% in the year to 30 June. The company's properties that were held for the whole year only rose by 2% in value following the revaluation, although there were bigger uplifts in properties ...
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News
US bank goes Hypo in direct property drive
Babcock & Brown is to join the scrum of US investment banks clamouring for a stake in UK property by launching a direct property investment drive. The move, to start early next year, is expected to see the San Francisco-based bank build a UK and continental European portfolio ...
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News
Wal-Mart acquires first warehouse space in UK
Wal-Mart has secured its first UK property deal by taking short-term distribution space at Gazeley Properties' Magna Park in Lutterworth, Leicestershire. The US discount retailer which has not appointed agents in the UK has taken 13,000 sq m (140,000 sq ft) of warehouse space ...
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News
RAC’s HQ plan breaks down
The RAC has backed out of what was to have been its HQ building in Staines, just months prior to completion. The decision to put the 8,360 sq m (90,000 sq ft) customised office on the market followed its recent takeover by US company Lex. It is now ...
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News
Standard Life’s retail clearout
Standard Life has intensified its shift from UK shopping centres to European city offices with the sale of three retail centres in the last fortnight. Great Portland Estates will pay £38m for The Quedam in Yeovil, Somerset, when contracts are exchanged this month. The sale follows the £73m ...
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News
Dublin planners cut city’s tall storeys short
Dublin planners have caused a furore by refusing the ambitious plans of residential developer Cosgrave to build Ireland’s tallest building. The plan to construct a 74 m tall office tower development at George’s Quay on the south bank of the Liffey was rejected by An Bord Pleanala, the planning ...
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Markets
Swan’s song?
As Whiteley Village prepares to open its doors, can south Hampshire sustain two factory outlets opening within a year and located only 12 miles apart?
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