All Property Week articles in 16 November 2007 – Page 8
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Professional
No relief from 10% rule
The industry will have to put up with the ‘Merton rule’, which requires green energy to be generated on site at new buildings.
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News
Matrix sells Toon office at 6.1%
Glanmore Property Fund has bought an office block in Newcastle from a Matrix-sponsored syndicate for £21.55m.
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Online
St Modwen to develop Bristol distribution centre
St Modwen has signed an agreement to develop a 165,000 sq ft distribution centre for Nisbets at Avonmouth, Bristol.
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Online
Galliford Try buys northeast specialist
Galliford Try has bought specialist affordable housing contractor Kendall Cross Holdings for £9.3m.
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Online
DeVere hotels up for sale
Alternative Hotel Group is selling two DeVere hotels after buying the company in July last year.
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Online
Erinaceous loses High Court bonus battle
Erinaceous could be forced to pay up to £500,000 to a former employee after the High Court ruled it illegally withheld his bonuses.
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Online
Pinewood Studios extension plans
Pinewood Shepperton today revealed its plans for a 105-acre extension of Pinewood Studios in West London, to provide the world’s first ‘live work’ film and television community.
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Online
Segro buys in France
Segro has bought a sale-and-leaseback portfolio of 26 logistics buildings across France for €159.8m from DHL.
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News
Taxpayers face Rock losses as suitors seek assurance
Alistair Darling has admitted publicly for the first time that the taxpayer could end up losing money in the multi-billion pound rescue of Northern Rock, a senior MP claimed yesterday. Financial Times, The Times.
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News
House prices had been unsustainable, says Governor
House prices are clearly cooling and mortgage rates rising, Mervyn King, Bank governor, said yesterday. Financial Times
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News
King says rate cuts need to stem slowdown
Two interest rate cuts will be needed next year to stem an economic slowdown, the Bank of England indicated yesterday in its most gloomy inflation report for years. Financial Times
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News
Mortgage pain hits home
The proportion of homeowners who pay out more than half their salary on their mortgage has doubled in only two years, Bank research has revealed. The Times
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News
Mortgage pain hits home
The proportion of homeowners who pay out more than half their salary on their mortgage has doubled in only two years, Bank research has revealed. The Times
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News
Minerva boosted by takeover speculation
Shares in Minerva, the City focused property company, jumped 18% to 196p on the back of speculation that it was a takeover target for Gulf investors. The Times
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News
Land Securities confirms business split
Land Securities will spend an estimated £60m on fees and other costs as it splits itself into three specialist companies. Financial Times, The Times, Daily Telegraph
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News
Olympics contingency 'will be spent'
Much of the £2.7bn contingency fund for the 2012 Olympics will have to be spent, the project’s most senior civil servant has warned. Financial Times
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News
House prices and congestion prompt Silicon Fen fears
Cambridge, one of the most important European centres for fledgling technology companies, is suffering a relative decline with 'disaster just round the corner', according to a new report. Financial Times
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News
Property returns worst since 1990
The commercial property sector saw its worst performance since the crash of 1990 last month, according to new figures. Financial Times
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Online
British Land hit by retail value falls
British Land suffered a 3% drop in second-quarter net asset value, with its Meadowhall shopping centre being written down by £79m.
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Online
Grosvenor appoints UK finance director
Grosvenor has appointed Roger Blundell as finance director of its Great Britain and Ireland division.