All Property Week articles in 16 November 2007
View all stories from this issue.
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Irish-Israeli Marriott owners sell five hotels
The Irish-Israeli joint venture behind the purchase of the £1.1bn Marriott hotel portfolio in April this year has sold five of its ‘non core’ hotels for $69m (£48m).
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M&S moves into Imperial Wharf
Marks & Spencer has become the latest retailer to move into St George’s riverside development, Imperial Wharf, after taking 17,229 sq ft for a food store.
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Countrywide to close branches as sales halve.
Britain’s biggest chain of estate agents, Countrywide, is to close down branches after being hit by a spate of cancelled sales amid the gloomiest outlook for the housing market since the early 1990s. Financial Times (Saturday)
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Tchenguiz brother to carry out ‘radical review’
Vincent Tchenguiz, bother of Robert, is starting to feel the effects of the credit squeeze and is carrying out a 'repositioning' of his business. Financial Times (Saturday)
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Investors urge LandSecs buyback
Laxey Partners is calling for Land Securities to buy back up to 20% of its share capital to improve its share price performance. Sunday Times
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JP Morgan chooses City for new HQ
P Morgan has snubbed Canary Wharf and chosen to build a £600m European headquarters in London’s Square Mile. Sunday Times.
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Property fears drive down price of debt
Credit jitters are beginning to hit heavily indebted companies snapped up by private equity at the height of the buyout frenzy, with property related firms hardest hit. Sunday Telegraph
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ProLogis goes to Dubai
ProLogis has signed a deal to build its first distribution centre in the Middle East in Dubai.
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RICS warns of rental growth slowdown
Tenant demand for commercial property is waning, which could lead to a slowdown in rental growth, according to an RICS report released today.
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Hermes signs Asda Living
Hermes Real Estate has signed up Asda to open its first Asda Living concept in London.
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Cheshire county council plans care home initiative
Cheshire County Council has pushed the button on a £200m PFI scheme to create five care homes in the county.
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Claridge's extension gets planning recommendation
Derek Quinlan looks set to get planning permission to build two extra floors on top of his prestigious Claridge’s hotel in London’s Mayfair after planning officers recommended his application.
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Teesland to plough ahead with new funds
Teesland said today that it will continue with its plans to launch new property funds, despite ‘challenging investment conditions’.
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Racecourse resist takeover bid
A battle is being fought over the future of the century-old Newbury Racecourse after the group rejected a £33.5m hostile takeover bid from its biggest shareholder, the investment company Guinness Peat. The Independent
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Platform cuts loans for buy-to-let landlords
Buy-to-let lender Platform has cut the amount it will lend to landlords relative to their rental income. Daily Telegraph
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Galliford Try buys affordable housing builder
Galliford Try the construction and housebuilding group, said that it has bought Kendall Cross Holdings, the affordable housing contractor, for £9m. The Times
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Segro sale and leaseback
Segro has paid €159.8 million (£113.2 million) for 26 distribution warehouses via a sale and leaseback with DHL, the transport group. The sites provide total annual income of about €11.2 million. The Times
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Pinewood plans 'live in' film sets
Pinewood studios has applied for planning permission to build new sets on 100 acres of greenbelt land, which will be sold for occupation. The Times, Daily Telegraph.
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Hammerson and British Land veto split
British Land and Hammerson, two of Britain’s biggest diversified property companies, have both signalled they will not follow Land Securities’ decision to split up. Financial Times, Daily Telegraph, The Times
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Barclays reveals 1.3bn hit
Barclays yesterday insisted that growth prospects for its investment banking arm remained good despite being forced to write off £1.3bn as a result of the turmoil in the credit markets. Financial times, The Times, Daily Telegraph, Independent, Guardian