All Property Week articles in 16 December 2011 – Page 9
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Osborne demands Battersea Power Station commitment by April 2013
The government has today announced its support for the extension of the Northern Line to Battersea, calling on “a developer” to contribute to it and develop the power station site before a deadline of 2013.
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Osborne offers “huge commitment” to infrastructure, as growth halved
Chancellor George Osborne today announced a second downgrading of the UK’s growth forecast in six months, as he unveiled a “huge” commitment to UK infrastructure with the National Infrastructure Plan.
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Osborne to unveil Nine Elms enterprise zone
Chancellor George Osborne is preparing to announce an enterprise zone at the Nine Elms Opportunity Area in London, intended to encourage investors to fund the Northern Line Extension from Kennington, as part of his Autumn Statement today.
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LXB posts stellar results
LXB Retail today revealed a 13% rise in net asset value in the year to 30 September, as the small listed specialist company continues to flourish.
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NewRiver boosts dividend after strong asset growth
NewRiver Retail said today that it had increased its interim dividend fivefold after strong growth in its assets in the six months to 30 September.
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Aviva Investors in global expansion
Aviva Investors has raised $122m for a Tokyo property fund, as it continues its push into Asia.
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Lend Lease wins Stratford City consent
Lend Lease and London Continental Railways’ £1.3bn scheme at the Olympic Park in Stratford City has been given planning approval.
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Russian buys £75m St James’s block
The former Jamaican high commission at 50 St James’s in London’s West End has been sold for around £75m to a Russian investor.
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UCL's 2m sq ft east London plans revealed
University College London could develop up to 2m sq ft of mixed-use space with help from private sector partners at its proposed new campus next to the Olympic Park in east London.
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Chelsea hires Hussey for Battersea move
Developer Mike Hussey has been appointed by Chelsea Football Club to draw up plans for a new stadium at the Battersea Power Station site, should plans to extend its existing ground at Stamford Bridge fail.
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Tech City leaders "horrified" by Coalition's offices-to-resi plans
The leaders of London’s so-called Tech City, aimed at stimulating investment in east London’s thriving creative and technology businesses, have voiced alarm at government plans to make it easier to convert offices to residential use.
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UGL denies firm DTZ bid made
UGL has denied media reports in the Far East that it has made a firm offer for DTZ.
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Begbies Traynor launches distressed property website
Insolvency practitioner Begbies Traynor has launched an online portal listing distressed properties available for sale.
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UCL plans 20-acre east London campus
University College London is preparing to develop a giant campus at a 20-acre site next to the Olympic Park in east London, after entering talks to buy the Greater Carpenters Neighbourhood from Newham Council.
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Pidgley to chair public land advisory panel
Berkeley Group chairman Tony Pidgley has been appointed to head up a panel of experts that will look to help the government release public sector land for the development of new homes.
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Safestyle's Bradford HQ sold to private company
BTG Restructuring has sold two properties let to Safestyle UK for £3.25m, TheBusinessDesk.com reported today.
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Government announces £400m for stalled residential schemes
David Cameron and Nick Clegg will today launch a £400m fund to kickstart development schemes which have stalled due to lack of development funding.
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Irish government U-turn on upward-only rent reviews
Ireland’s government is set to abandon plans to outlaw upward-only rent reviews for commercial property.
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Capital Shopping Centres secures £375m credit facility
Capital Shopping Centres has secured a £375m credit facility from a consortium of five banks in order to provide “general liquidity”.
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Olympic Media Centre attracts occupiers of all shape and sizes
Trumans Beer, Channel 5, and University College London are among a list of bidders to occupy parts of the Olympic Press and Broadcast Centres that was published this week.