All Property Week articles in 17 April 2009 – Page 8
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News
Auction success rates dip
Andrews & Robertson failed to sell a third of the lots at its auction last week, after it included new-build Spanish flats in its catalogue
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ProfessionalHiggin rates association
Mark Higgin, rating partner at Montagu Evans, has been appointed as president of the Rating Surveyors’ Association for 2009/10, the association’s centenary year
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News
Cutts returns to buy back ProLogis assets
Property entrepreneur in talks to purchase parts of Parkridge sold in 2007
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NewsMontcalm hotel near Marble Arch in central London is to be redeveloped
Montcalm Holdings, which bought the hotel from Japan Airlines International in January 2008, plans to refurbish the grade II-listed property into a 135-bedroom boutique hotel
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News
Retailers say temporary uses are not the answer for high street
The British Retail Consortium said this week the government should be doing more to keep high streets ‘productively occupied’, but that temporary uses for shops was not the answer
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ProfessionalI am a tenant wanting to exercise a break clause in my lease. what issues do I need to be aware of?
During the recession many tenants are looking at how they can bring leases to an end, but exercising a break clause is full of pitfalls
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ProfessionalAs a charitable organisation, I am buying a property that will have a mixed use
Can I recover the VAT for part of the purchase that will cover the non-business use?
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NewsRiva Properties receives go ahead for Heathrow development
Riva Properties has received planning permission for Heathrow’s first five-star hotel
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NewsCity agents plummet faster than prime rents
Jumping out of an aeroplane is not something that has ever appealed to me
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Insight
Don’t be misled – the carbon agenda is a burning issue for the RICS
Sir, It is rather disappointing that some seem to believe the RICS cites the economic downturn as a reason from drawing back from the carbon agenda. This is far from accurate.
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NewsKerslake reveals localist agenda for agency
Sir Bob Kerslake, chief executive of the Homes and Communities Agency, declared this week that the organisation’s focus on local investment would fit in with either of the main political parties’ housing agendas following the next general election.
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NewsBig lettings bring cheer to City after woeful first quarter
British Land and Hammerson line up 100,000 sq ft of deals after ‘worst first quarter’ in 20 years
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News
Swiss AFIAA’s debut London buy
Swiss investment foundation AFIAA has completed its debut London purchase. It has bought the long leasehold of 31 Gresham Street in the City of London from Hermes Real Estate for £70m at a 7.5% yield, as revealed by Property Week (20.02.09)
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Professional
RICS valuer accreditation scheme could hit small firms
Challenge to meet scheme’s standards may impact on workload of smaller surveyors
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News
M&S to anchor Aberdeen’s Union
Marks & Spencer is to anchor Hammerson ’s Union Square scheme in Aberdeen with a 52,000 sq ft unit when it opens this autumn.
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News
Capella sings £90m tune in Glasgow
Jim Fitzsimmons’ Capella Group has outlined its plans for a £90m mixed-use scheme on Glasgow’s waterfront
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News
China puts $800m in Morgan Stanley fund
Sovereign fund makes first overseas investment in VII Global
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News
Warrington hits big Time with £80m plan
Council takes advantage of collapsed market to assemble site
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News
IRP sells Mayfair office at 4.35%
IRP Property Investments has sold its 17,264 sq ft offices at 48-49 St James Street in London’s Mayfair to a private overseas client of Davis Coffer Lyons for £16m – an initial yield of 4.35%
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News
Santander to wind up €3.4bn fund
Spanish bank Santander has hired CB Richard Ellis to liquidate its €3.4bn Banif Inmobiliario property fund.
