All Property Week articles in 16 October 2009 – Page 3
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Italian bank to raise €525m by selling branches
Banca Monte dei Paschi di Siena SpA, Italy’s third-biggest bank, may raise about €525m ($783m) by selling branches to comply with a regulatory ruling.
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Panasonic switches on at Silverburn
A new Panasonic store is to open in at Retail Property Holdings’ Silverburn shopping centre in Pollok, Glasgow.
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US apartments rents down on job losses
Apartment rents declined throughout the US West and South in the third quarter as rising unemployment made it harder for landlords to raise their rates.
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Hong Kong may stop mortgage insurance for investors
The Hong Kong Monetary Authority may scrap a program that offers mortgage insurance for investment properties as the city’s central bank tries to prevent a real estate bubble.
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Offices 09: Visions of the future for occupiers
The office market could change dramatically with flexibility the key, according to Regus chief executive Mark Dixon.
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Shareholders face wipeout after Regent Inns goes into pre-pack
Regent Inns, the operator of the Walkabout bar and Jongleurs comedy club chains, is to undergo a pre-pack administration that will wipe out ordinary shareholders and precipitate the closure of nine of its worst-performing sites, with the loss of 150 jobs.
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Greggs bakery chain to open 600 more shops
Bakery chain Greggs has outlined plans to open 600 more shops in the UK, taking its total to 2,000.
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Gatwick airport sold for £1.5bn
Gatwick Airport, Britain's second-biggest, has been sold to Global Infrastructure Partners (GIP), owner of London City airport, for £1.5bn, airport group BAA said.
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Ex-Macquarie, Lehman bankers plan $148m property fund
Moss Capital, formed by ex-Macquarie Group Ltd. and Lehman Brothers Holdings Inc. bankers, is close to completing a A$160 million ($148 million) fund that will invest in Australian property.
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Tony Horrell to leave Jones Lang LaSalle
Tony Horrell, head of European capital markets at Jones Lang LaSalle, is to leave the company after 27 years.
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Pharmaceuticals firm moves to Chiswick Park
Ranbaxy Laboratories is relocating its European headquarters to Chiswick Park where it has taken 5,000 sq ft in Building 4.
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Evans Easyspace appoints Knight Frank across its UK business centres
Evans Easyspace has appointed Knight Frank to market its UK portfolio of business centres.
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New letting at 54 Hagley Road in Birmingham
The Online Computer Library Center has taken just over 5,000 sq ft of space at Mercia Real Estate’s 54 Hagley Road, Edgbaston. The building has recently undergone a £15m refurbishment.
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Offices 09: Time could be right for development in London
A lack of supply in London could make development viable in the near future, according to some of the capital's top developers.
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Cap&Reg sells HQ
Capital & Regional has sold its HQ at 10 Lower Grosvenor Place to Kardamyla Holdings for £10.5m.
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Offices 09: Regional cities to suffer
Development in regional cities will become more difficult as an overhang of stock begins to dominate the market. That was the consensus of property leaders at Property Week's Offices 09 conference.
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Offices 09: Business parks still have a future
There is still a future for business parks despite the pressures of the sustainability agenda and the government's desire to support town centres.
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Vote for UK's top business leader
The nominees for the 2009 Orange Leader of the Year Award at the prestigious National Business Awards, sponsored by Orange, cover a diverse range of business sectors and management philosophies, truly representing the nation and its drive to overcome challenges and succeed in any business climate.
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Offices 09: PWC property chief says occupiers and landlords must be partners
Paul Harrington, real estate director of PricewaterhouseCoopers and president of the UK chapter of Corenet, said both occupiers and landlords would benefit from working together.
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Offices 09: Ronson says "Time to be professional"
Gerald Ronson, chief executive of Heron International, said the industry needs to become more professional to prosper on the way out of the recession.