All Property Week articles in 16 May 2008 – Page 10
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Online
Magna Park is right fit for River Island shed
River Island has signed up for a 450,000 sq ft shed at Gazeley and Land Securities’ Magna Park in Milton Keynes, as tipped in Property Week (04.01.08).
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OnlineHumberts rescue plan wobbles
Humberts, the troubled estate agency, is struggling to implement its financial rescue package.
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Online
Scots must seize green opportunity says Scottish Property Federation
The Scottish property industry was urged to ‘seize the early initiative in ‘greening’ its buildings’ yesterday.
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Online
Canada Life buys £146m portfolio
Canada Life has agreed to buy the Galaxy portfolio for £146m from Legal and General, as tipped in Property Week (14.03.08)
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OnlineAnother furniture retailer goes into administration
Furniture retailer New Heights has collapsed into administration this week.
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OnlineLandSecs outperforms in spite of downturn
Britain’s biggest property company revealed strong results today as it outperformed the wider market.
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Online
Cadogan poaches Portman Estate chief executive Seaborn
Hugh Seaborn, chief executive of the Portman Estate, is leaving to run Cadogan Estates.
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OnlineProLogis recruits new global chief
ProLogis has appointed Diane Paddison, a former CB Richard Ellis corporate services head, as president-in-waiting for its global business.
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Online
Developer picked for Romford scheme
Developers Orion Land & Leisure with First Base have been selected to develop a mixed use scheme in Romford, Essex.
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OnlineSainsbury’s creates new property division
Sainsbury’s has created a new property division – Sainsbury’s Property Investments - to manage property joint ventures that it has entered into.
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OnlineTesco spends £958m in South Korea
Supermarket giant Tesco has bought 36 Homever stores in South Korea today for £958m including existing debt as it seeks to further consolidate its position in the country.
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Online
Barratt confirms Wilson Bowden interest
Barratt Developments has confirmed that it is ‘exploring all options’ including the possible sale of its commercial arm, Wilson Bowden Developments.
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News
Sales slump at Redrow
Housebuilders lost yet more ground as Redrow told investors its sales in the past four months had halved compared with 2007. Financial Times, Daily Telegraph
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News
Enterprise to press on with conversion
Pre-tax profit at Enterprise Inns fell by a third in the six months to the end of March as the smoking ban and pressure on consumer spending continued to weigh on business. Financial Times, Daily Telegraph
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News
B&B eyes £300m rights issue
Bradford and Bingley is set to bolster its balance sheet by launching a £300m rights issue. Financial Times, The Times
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OnlineWestfield and Hermes’ open Cinema de Lux in Derby
National Amusements’ Cinema de Lux opens this week in Westfield and Hermes’ Derby shopping scheme in the town.
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News
Mortgage lending hits 33-year low
Britain's increasingly beleaguered housing market was hit by yet more bad news yesterday as mortgage providers said lending to home buyers had slumped to a 33-year low and one of the country's biggest builders warned of falling sales. The Independent
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News
A&L to slash £4bn from mortgage market
Alliance & Leicester is on course to pull £4bn of capacity out of the UK’s already undersupplied mortgage market this year, heaping more misery on home buyers. Financial Times, Daily Telegraph
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News
US Housing crisis sparks Greenspan doctrine rethink
The US Federal Reserve is reconsidering the way it deals with asset price bubbles in the wake of the housing and credit bust, in a move that could see the central bank using extra regulation – or even interest rates – to fight unjustified increases. Financial Times
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News
Flint gaffe exposes government concerns
Caroline Flint, housing minister, added to the government’s economic problems yesterday.
