All Property Week articles in 17 December 1999
View all stories from this issue.
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Insight
Ten years on
As 1999 ends, we ask how today s market differs from that of 1989, when the industry last prospered. First, this report looks at the role of research. Then, we hear key players memories of the crash few foresaw
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Insight
On the precipice
This report finds out how the awful truth about the recession dawned on leading industry figures
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Markets
Transport Travelling into the millennium
Infrastructure improvements are needed to attract inward investment.
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News
Mckay profits from trading
Reading-based McKay Securities has increased interim pre-tax profits by 49% to £4m on the back of trading gains. Sales of shops in Knightsbridge and a warehouse in Kensal Road, north-west London, generated profits of £1.2m. Underlying profits for the six months to 30 September were up 38% to £2.88m. ...
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News
Saggers move ups Liberty speculation
The appointment this week of John Saggers, managing director of Capital & Counties , as a director of parent company Liberty International will increase speculation that Liberty is planning to focus on the property sector. Saggers has been MD of CapCo since 1994 and now oversees a £700m ...
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News
Pro-cluster PPG launched
Local planning authorities were this week urged to allocate sites in their development plans for clusters of hi-tech firms. Revised PPG12 says that councils development plans should be flexible with land zoning to promote the development of clusters of businesses. Within clusters, incubator units ...
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Markets
Kingston and Richmond Tight supply spells opportunity
New schemes prove Kingston s success, but Richmond lacks sites.
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News
New millennium home for Old Mutual
Old Mutual has placed Millennium Bridge House under offer in the largest City letting deal of the year. The South African insurance giant is expected to complete the deal on the office building at 1 High Timber Street early in the new year. Advised by Healey & Baker , ...
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News
A good year for Grainger
Newcastle-based residential specialist Grainger Trust has benefited from winning planning consent for a 28ha (70 acre) development in Hampshire to increase its net asset value by 52% to 708p a share in the year to 30 September. Three-quarters of the NAV rise came from a revaluation ...
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News
PRICOA goes Short to take over Mully role
Property fund manager PRICOA has moved quickly to replace Richard Mully as head of its merchant banking division, snapping up Lazard's property chief Jonathan Short.
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News
Lend Lease moves in on Dundee
the Australian shopping centre developer, Lend Lease , is planning to set up a £120m limited partnership to finance the Overgate Centre in Dundee. The 37,000 sq m (398,268 sq ft) scheme, to be completed in March of next year, was left out of the Bluewater partnership because it did ...
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News
DTZ retaliates to flak over nursing home valuation
DTZ Debenham Thorpe this week hit back at criticisms of its valuation of nursing home group NHP s portfolio, which was used to launch a £194m bond in November. The claims were made by Peter Champness, chairman of the European Group of Valuers Associations and ...
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News
Countryside must develop
Rural communities are in danger of withering away if planning restrictions are not lifted to allow more development, says a government think-tank reporting to Tony Blair, writes John Lewis. The Cabinet Office Performance and Innovation Unit report, Rural Economies, published last week, was immediately attacked by ...
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News
Council makes room for hotel
After more than two years of talks, Radisson Hotels will open a four-star hotel at Birmingham City Council s Baskerville House head office. As part of a complicated deal in which developer Targetfollow Group will own and refurbish the neo-classical building, the council has agreed to ...
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Markets
Making a conversion
Long-established rugby clubs have been kicked into touch by the spiralling costs of the professional game, and developers are waiting to cash in on their grounds. But, as Stephen Killick reports, developers face plenty of planning scrums before they do
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News
Chase real estate guru quits in strategy ruckus
Cesar Chekijian, Chase Manhattan s corporate real estate boss, has left after a disagreement over the banking giant s global property strategy. A pioneering figure in the world of corporate real estate for 25 years, Chekijian ended his 17-year relationship with the US s second-largest bank after it introduced ...
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News
Midtown faces style challenge
London s Midtown is to become home to the UK s first style factory after a German property developer trumped MEPC last week to buy Victoria House for £40m. Hamburg-based Bernhard Garbe Group acquired the building runner-up for the mayor s office ...
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News
CABE wants in on the planning debate
Government-sponsored architectural adviser CABE is in talks with English Heritage about hosting an open debate on the policies governing the reuse of historic buildings. Culture minister Alan Howarth said in September that PPG15 would not be rewritten. However, CABE is believed to be keen to act as neutral ...
