All Property Week articles in 16 October 2009 – Page 6
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Grosvenor pulls out of £700m Preston scheme
Grosvenor has pulled out of the £700m Preston Tithebarn regeneration scheme, leaving joint venture partner Lend Lease to continue working with Preston City Council.
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Cushman hunts for new chief executive
Cushman & Wakefield has announced it is looking for a new global chief executive.
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Lloyds agrees terms for £1 Halifax estate agency sale
Lloyds Banking Group has reached an agreement in principle to sell its Halifax estate agency business to LSL for £1.
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West End firms seek space
A host of major West End occupiers including consultancy firm Cap Gemini and retailer Debenhams are considering relocations as they seek to take advantage of historically low rents in London.
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Nomura offers grim Gulf outlook
Office complexes set to open in Abu Dhabi and Dubai over the next two years will be seeking occupants in an oversaturated commercial real estate market and 150,000 workers to staff those businesses from a declining population, analysts say.
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Yuzhou Properties bets on Xiamen rebound
Yuzhou Properties is among the flood of mainland property developers about to float their shares on the Hong Kong stock exchange in the next few weeks. It is is banking on a resurgence in Xiamen after last year's credit tightening pushed down property prices in Fujian.
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Indian office rents slip on oversupply
Excess supply has made office rentals in key commercial centres in Mumbai and Delhi come down by half over last year, and realty analysts fear that with business houses waiting for economic activity to pick up speed and a raft of new commercial facilities nearing completion, the rates could head ...
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Westfield London signs 15 new retailers
Westfield London has signed up 15 new retailers and achieved 20 million visitors since it opened last October.
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New York deal puts Church cash at risk
The Church of England conceded yesterday that its involvement in a controversial New York property deal now on the verge of default has left it at risk of losses that some estimates put at tens of millions of pounds.
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Cheshire centre in administration
Grafton Centre, the shopping venue in Altrincham, Cheshire, has called in administrators who said they intended to sell the retail centre as a going concern.
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US foreclosure rise hits recovery hopes
Hopes for a recovery in the US housing market were damped by new figures showing that the number of households caught up in the foreclosure crisis rose more than 5 per cent in the last quarter.
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German 'Wise Men' fear credit crunch in 2010
Germany's leading institutes have warned that the pace of economic recovery is 'unsustainable' and that the country’s banks may face a fresh crisis over the next year as bad debts surface in earnest.
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Costain up
Costain, the construction and engineering group, said that it had entered the second half with a record order book of £2.7bn, up from £2.5bn in June.
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Up to a third of private fund managers to “disappear”
As much as a third of private fund managers will disappear before the end of the credit crunch a leading banker has predicted.
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Cult signs up in Dublin
Fashion retailer Supergroup Holdings, which owns brands Cult and Superdry, has signed up for a 13,089 sq ft flagship store on Dublin’s Suffolk Street.
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West End’s Dart, Evans and Walker form new firm
Former EA Shaw partners Paul Dart and Rhys Evans have joined forces with former head of the West End office agency team of NB Real Estate, Ray Walker, to create a new central London agency firm.
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Francis Hilary and Ben Sherman join Covent Garden
Covent Garden London, owned by Liberty International, has signed up two new retailers for the area as part of its quest to improve the overall retail and leisure experience.
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Palmer GVA fund makes debut purchase
The Palmer GVA Property Fund, backed by Palmer Capital Partners and GVA Grimley directors and other investors, has sealed its first deal.
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County Square signs four more
County Square shopping centre in Ashford, part of the ING Retail Property Fund Britannica, managed by ING Real Estate Investment Management has signed four tenants - Kids Stuff, Watches ‘R’ Us, Silverleaf Jewellery and a newsagent - at the Debenhams anchored scheme.
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Weights watcher
Not since Rob McKellar, Savills’ head of Asia-Pacific, won Mr Natural UK in 1998 has the firm enjoyed such an Arnie moment