All Property Week articles in 16 May 2008 – Page 2
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OnlineStruggling Humberts’ shares suspended
Humberts, the struggling estate agency chain, asked for its share to be suspended this morning ‘pending clarification of its financial condition’.
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Online
Hermes has sold Exeter Retail Park to CIT for £42.05m.
The 114,542 sq ft retail warehouse park is let to tenants including Currys and Comet. It comprises of 10 units.
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OnlineFrogmore buys business park
Frogmore Real Estate Partners has bought Altrincham Business Park in greater Manchester.
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OnlineLast chance to vote in hunt for Britain's Best Agents
The polls will close at midnight tonight in Property Week's search for Britain's Best Agent.
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News
Crest Nicholson axes 1 in 10 staff
One in 10 staff at Crest Nicholson is to be made redundant as the housing market crisis intensifies. Daily Telegraph
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News
Sustainability pushed up housing agenda
Sustainable development is to be given the same level of importance as improving the supply and quality of housing in an amendment to the housing and regeneration bill to be tabled today. Financial Times
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News
House prices continue down
House prices fell by an average of 0.2% in March, according to the latest survey from Hometrack, the property information group. Financial Times
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News
Morgan Stanley aims to axe 350 in London
Morgan Stanley has begun a series of job cuts in London that could see at least 350 axed in the latest round of redundancies to hit the City. Daily Telegraph
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News
Shard of Glass costing 10% higher than expected
Mace has drawn up an initial costing of about £400m for its outline deal to build the Shard of Glass, the skyscraper to go over London Bridge Station,. But this is 10% above the £350m budget demanded by the site’s owners in a fixed-price contract. The Times
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News
Commercial property down again
Commercial property prices fell another 1% in April, bringing the 12-month decline to 16.2%, according to the Investment Property Databank. The Times
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News
Housing starts down a quarter
Builders began work on 32,100 homes in England in the first quarter — 24% below the same period in 2007 and the lowest figure since 1996, according to the Department for Communities and Local Government. Despite this, Caroline Flint, the Housing Minister, said that government targets for building 240,000 new ...
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News
New Star improves but remains challenged
New Star Asset Management, the credit crisis-hit fund set up by star trader John Duffield, warned yesterday that the trading environment remains challenging but added that performance of some of its funds is improving. Daily Telegraph
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News
Northern Rock to post loss for year
The Treasury insisted last night that Northern Rock still had a 'good mortgage book', as the nationalised bank prepared to publish accounts showing arrears were rising and it made a loss in 2007. Financial Times
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News
Balfour Beatty upbeat on placing
Balfour Beatty became the second company this week to raise money through a surprise placing of shares, to give it more financial headroom in the current economic climate. The Times
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News
Wal-Mart to imitate Tesco in US
US retailing giant Wal-Mart has revealed how it plans to take on, and mimic, Tesco’s Fresh and Easy convenience stores head-on – by focusing on “fresh” and “delicious” food and offering high levels of customer service. Daily Telegraph
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Insight
Stuck in a Rutley
Sir, Anthony Ratcliffe of Ratcliffes can rest easy because the KFR1 number plate is in good hands and well-looked after on our senior partner Nick Thomlinson’s car.
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Markets
Repos on the rise
An increasing number of homeowners are in danger of losing their homes because of the credit crunch, as government figures show that court orders for repossession have risen sharply this year.
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Markets
Redrow to start in Stratford
Redrow Homes is expected to start developing Stratford-upon-Avon cattle market into flats, townhouses offices and shops this summer.
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News
Propstars: the rivals
With just a few weeks to go until Party Near the Park, the all-star property acts are busy rehearsing.
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News
PIK profits from revaluation
PIK Group, Russia’s largest housebuilder, said this week the value of its property portfolio had risen by 40% to $12.3bn (£6.3bn) from $8.8bn (£4.5bn) in the year to 1 January 2008, following a revaluation by CB Richard Ellis.
