All Property Week articles in 17 April 2009 – Page 4
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Online
Small creditors brought down General Growth
Mall owner General Growth Properties Inc, which filed one of the biggest-ever real-estate bankruptcy reorganisations, for months had successfully fended off its large bank creditors.
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Online
Bovis Lend Lease wins A$675m schools jobs
Lend Lease Corporation Ltd's subsidiary Bovis Lend Lease has won two New South Wales education-infrastructure projects worth A$675 million.
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Online
Cheung Kong fire-sale draws strong response
The steep discounts being offered by Cheung Kong (Holdings) for its residential project in Tin Shui Wai have generated a strong response as the company gambles the tactic will allow it to launch another upcoming project at higher prices.
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Online
Firms quit Dubai airport project
A consortium of builders including Murray and Roberts of South Africa and Leighton of Australia have pulled out of a Dh4.9bn (US$1.33bn) contract to build a third concourse at Dubai International Airport.
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Online
US house building slows
New US residential building slowed sharply in March after February’s surprise surge, dimming hopes that the property slump might be ending.
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Online
Lax regulation of building societies slammed
The City watchdog has been accused of 'apathy and complacency' in its regulation of building societies during the boom, by one of its former supervisors.
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Online
Call for £100m town centres 'facelift'
Alistair Darling should bring forward more capital spending in next week’s Budget and focus it on the sort of small-scale projects that councils can start immediately in order to create jobs, the Local Government Association said yesterday.
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Online
Negative equity hits 900,000
About 900,000 homeowners in the UK have slipped into negative equity, according to research from the Council for Mortgage Lenders.
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Online
Grosvenor hit by property slump
Grosvenor has made a pre-tax loss for the first time since the early 1990s, after a slump in the value of assets from Liverpool to Hong Kong wiped £1bn off profits.
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Online
Commercial rent income falls
The British commercial property market last month entered its first technical 'recession' since before the downturn of the early 1990s, figures released yesterday showed.
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Online
Ashley House in cash call
Ashley House, the primary care infrastructure specialist, said it was planning to raise about £2.275m by issuing 3,500,000 new shares at a placing price of 65p a share with Invesco Perpetual.
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Online
Property falls sink General Growth
General Growth Properties, the second-biggest US shopping mall owner, filed for bankruptcy yesterday due to the collapse in commercial property prices.
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Online
City rebuked over Festival Hall backing
The departing chief executive of London’s Southbank Centre has attacked the City for not backing the £118m refurbishment of the Royal Festival Hall and its surrounding area.
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Insight
Train like a champ: Part II
Ladies world champion Helen Jenkins will keep you motivated with part two of her exclusive triathlon training programme
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Markets
Vital signs
Agents report that buyer enquiries are up, raising hopes that the housing market may recover sooner than expected
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Markets
Sleepy sheds
After a series of big transactions last year, the forecast is for fewer and smaller opportunities
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Markets
Oxford’s old school ties
The university city continues to attract occupiers willing to pay top rents for office space
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Markets
Unlocking Northgate
LandSecs has stepped in to try and breathe new life into Chester’s £300m Northgate scheme
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News
Money’s (still) too tight
To the 02 arena in Greenwich for a performance by ageing popsters Simply Red