All Property Week articles in 16 July 1999
View all stories from this issue.
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Markets
Moving on up
Building societies and clearing banks are squaring up to their German counterparts by following aggressive loan programmes. This report profiles eight lenders
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News
Retailers are mad for it as Manchester is top
More retailers want to open in Manchester than any other location in the UK, according to Focus' Retail Demand, published this week. Retailers have a total space requirement of 134,240 sq m (1.45m sq ft) both in and out-of-town in Manchester 11,800 sq m (127,000 sq ft) ...
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Markets
Loan rangers
'It's like a jungle, sometimes it makes me wonder how I keep from going under,' claimed pioneering rapper Grandmaster Flash almost 20 years ago. Of course, he was not talking about the UK commercial property lending market but he could have been. This decade has been dominated by ...
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News
Victoria House plans revealed
Blackfriars Investments this week ended uncertainty over Victoria House in Bloomsbury runner-up to house the London Mayor s office by unveiling an office, leisure and retail plan. The company, run by Malory Clifford, ended speculation that the grade II-listed building would be converted into a hotel ...
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News
Resi scheme will include new hospital
Country & Metropolitan is to build a hospital within the grounds of one of its own developments because an NHS trust could find nowhere to re-house patients, having sold the site with vacant possession. In 1993 C&M, the OFEX-quoted housebuilder, bought the 21.6ha (53 acres) at Highlands Hospital, Winchmore Hill, ...
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Markets
Hammer it home
Jones Lang LaSalle's auctioneers take to the rostrum just six times a year. What do they get up to the rest of the time? We spent a day in JLL's auctions department to find out.
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News
Safestore posts first half-year profits
Self-storage operator Safestore has made its first profit since floating on the AIM in March last year. In the six months to 30 April the company made a pre-tax profit of £43,000, compared with a loss of £169,000 in the eight and a half months to 31 October 1998. Turnover ...
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News
Lettings market needs urgent financial legislation, says MP
An Mp campaigning for legislation to force letting agents to hold clients money in separate accounts has warned the House of Commons that many could go out of business in the next two years. Howard Flight, Conservative MP for Arundel and South Downs, who is also ...
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News
FP expands its property net
Friends Provident increased its number of estate agency branches from 85 to 102 last week by buying 17 Halifax Property Services branches in the south-west of England. The six Cornish branches will now come under Friends Provident s Fulfords brand. The remaining 11 branches in Bournemouth, Southampton ...
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News
DuPont plant sale is sewn up
Threadneedle Property Investment Fund has bought DuPont s old manufacturing plant in Doncaster, intending to use the site to provide industrial occupiers with short-term flexible space. It is already looking to fill the 86,860 sq m (935,000 sq ft) plant and the adjoining 20ha (50 acre) site, and is believed ...
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Markets
Laying down the law on-line
Internet auctions are catching on fast in the US, and now even old-guard auctioneers such as Sotheby's are signing up to the on-line revolution.Allsop & Co the first UK auction house to develop an internet site, looks at the enforceability of contracts closed on-line
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Markets
Diving into risky waters
The comeback of British banks in a German-dominated loan market may be good news for property investors in search of cheaper interest rates, but lenders may be in for a tough time as property depreciation grows in importance.
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News
Door still open for out-of-town developments
Eight superstores have gained planning consent in the last few months on out-of-town or edge-of-town sites after the retailers passed the sequential test to prove there were no suitable Town Centre sites. DTZ Pieda Consulting have analysed planning decisions between June 1998 and last May, ...
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News
High demands in London
Central London is being overwhelmed by demand from tenants and investors, according to research by two surveying firms. Foreign investors have fuelled an already tight market, pushing total deals up by more than 14% to £2.2bn in the first six months of 1999, according to DTZ ...
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News
Petchey deals on wheels
Jack Petchey has gone back to his car-dealing roots by snapping up a 3.7% stake in Dixon Motors. He bought 1.25m Dixon shares last week for Trefick, the Manx discretionary trust, and at the same time increased Trefick s stake in Saville Gordon from 16.2% to ...
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News
C&RP plans Glasgow landmark
Glasgow is likely to see a landmark retail and leisure scheme after developer Capital & Regional Properties agreed this week with the council to develop a 20ha (50 acre) site by the M8. C&RP, the specialist retail and leisure property company headed by Martin Barber, is aiming to develop ...
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News
Crash landing in Purkiss retrial
A London surveying firm has lost a five-figure fee for failing to prove the terms of an instruction agreement in a precedent-setting case at the High Court last week. The case, brought by Purkiss Hanrahan against Varig Brazil Airline, initially went to court in July 1998, but the ruling against ...
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Insight
Counter signs
Marks & Spencer and Sainsbury s, the aristocracy of UK retail, aren t the only shops to have had a hard time in the last year. Now on-line database FOCUS reveals a slowdown in demand for space. This report explains why the retailers honeymoon period is over
