All Property Week articles in 16 May 2008
View all stories from this issue.
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OnlineJulius' Run The Pitch for Help a London Child - part 2
Julius Gottlieb, Finance Director at Property Morley Fund Management, is running around all of London's football club pitches for charity. Follow his progress here.
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NewsThe world according to...James - part 2
What guff about John Terry being so brave for taking the crucial penalty.
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OnlineBPF urges councils to boost build-to-let
The British Property Federation has called for local councils to promote the buy-to-let sector now rather than wait for legislative reform.
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OnlineCBRE property hedge fund outperforms market
A property hedge fund set up by CB Richard Ellis has delivered a return of 29% in its first year, massively outperforming the wider property market.
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OnlineDwell time at Cabot Circus
Furniture retailer Dwell is to open its tenth UK store this Autumn after signing up to take a 8,000 sq ft showroom at Land Securities and Hammerson’s Cabot Circus in Bristol.
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Segro looking to 'test the market'
Segro has said it is looking to ‘test the market’ in the coming months and may consider both buying and selling in the UK and Continental Europe.
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News
Commercial property 'heading for 30% slump'
Commercial property will have lost nearly one-third of its value between the start of the credit crunch and the end of this year, leading industry figures have warned. Independent on Sunday
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House sales 'to slide by a third'
The number of house sales could slide by more than a third this year unless economic circumstances improve, according to the RICS. Financial Times, Daily Telegraph
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Apollo moves in on property debt
Apollo Real Estate Advisors, the private equity fund manager, has created a European commercial property debt division to take advantage of distress among lenders to the sector. Financial Times
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News
Giants expected to post huge writedowns
Two of Britain’s largest property companies are set to announce combined asset writedowns of £2.3bn this week, confirming the bleak outlook for the sector. Sunday Telegraph
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Tchenguiz gets man on M&B board
Mitchells & Butlers, the FTSE100 bar operator that owns the Harvester chain, will this week bow to pressure from Robert Tchenguiz by handing one of his key lieutenants a boardroom seat. Sunday Telegraph, Sunday Times
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Rugby Estates to expand
Rugby Estates Investment Trust said that it expects to expand its investment portfolio through acquiring privately owned property investment companies. The Times
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Channel pub chain set for £70m sale
One of the Channel Islands’ largest pub companies is poised to change hands for around £70m. Daily Telegraph
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OnlineHatfield’s Galleria sizes up Wonderbra
Three retailers Wonderbra, Past Times and Jeff Banks are the latest tenants to sign up at Land Securities’ Galleria shopping centre in Hatfield.
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£244m funding package for Manchester’s Metrolink tram extension
Transport Secretary Ruth Kelly today pledged £244m of funding for the extension to Manchester’s Metrolink tram.
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OnlineAll clear for £1bn Watford health campus
Watford Borough Council has approved plans for the development of the £1bn Watford Health Campus.
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Potential bidders eye up Valad
Shares in Valad Property Group soared 20% this week on speculation of a possible takeover bid.
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Cap & Reg says equity raising plans ‘progressing well’
Capital & Regional said plans to raise new equity and sell assets within its Mall fund to resolve a potential breach of a key banking covenant were ‘well progressed’.
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Kier: Credit crunch hits homes and property business
The ongoing credit crunch is hitting the Kier Group’s homes and property business as market conditions deteriorate.
