All Property Week articles in 17 June 2011 – Page 7
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Plans revealed for £150m Hull waste scheme
Plans have been revealed for a £150m waste-to-energy centre to be built in Hull, TheBusinessDesk.com revealed today.
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£1.1bn Marriott assets to be brought to market
A portfolio of 42 Marriott hotels bought for £1.1bn at the top of the market will be put up for sale after the appointment of administrators yesterday.
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Cheetham and Mortimer appointed to £50m Staffordshire scheme
St. Modwen Properties has appointed retail and leisure property consultancy Cheetham and Mortimer to its Hednesford Gateway redevelopment project in Staffordshire, TheBusinessDesk.com reported today.
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IPD: UK property values rose 0.1% in May
UK property capital growth remained at just 0.1% in May, although rental value growth edged back into positive territory.
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Fire at Frogmore and Galliard's Strand scheme
A high-end residential and hotel development in London’s Aldwych caught fire today.
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Vector Investments submits £15m retail park plans
Vector Investments has submitted plans to convert former industrial land at Tanhouse Yard near Widnes town centre into a new retail park
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Ex-Dunlop Haywards valuer McGarry jailed for seven years
Former Dunlop Haywards valuer Ian McGarry was today sentenced to seven years for his part in a £49m mortgage fraud.
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V8 Gourmet Group collapse into administration
Indian restaurant chain V8 Gourmet Group, which owns the Bombay Bicycle Club and Tiffinbites brands, has been placed into administration.
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MEPC to prepay £125m of debt
MEPC said today it would prepay £125m of its £470m securitised loan in the third stage of a wider refinancing of its £1bn portfolio.
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Korean pension fund appoints ING REIM to invest £170m in London
ING Real Estate Investment Management has been selected by the Public Officials Benefit Association (POBA) of Korea to invest £170m in the central London office market.
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CSC submits Nottingham planning application
Capital Shopping Centres has submitted a detailed planning application for an extension of the Victoria Centre in Nottingham to Nottingham City Council.
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SWIP swoops on Boots block
Scottish Widows Investment Partnership has placed a prime block on Oxford Street under offer at a yield of around 5%.
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UK Coal and Peel in waste facility joint venture
UK Coal is proposing a joint venture with Peel Group, its largest shareholder, to develop waste facilities on 11 properties within its Harworth Estate property portfolio.
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Living aids specialist moves to Hull business park
A company which makes equipment that helps people live more independently has agreed to move to a St Modwen owned business park in Hull, TheBusinessDesk.com reported today.
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Bury retail scheme sold for £7m
Investment fund ISIS Property Trust has completed the £7m acquisition of a new retail warehouse in Bury, Greater Manchester, TheBusinessDesk.com reported today.
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Canary Wharf muscles in on Citi tower sale
Canary Wharf Group is in talks to buy more than £150m of debt secured against the Citi headquarters in an effort to outmanoeuvre rivals in the £1bn sale of the building.
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RICS figures show house sales dropped in spring
The hoped-for spring bounce in the housing market failed to materialise during May, as fears over the economy and lack of mortgage finance continued to depress activity levels, says the RICS
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Duet completes £33m of junior debt deals
Duet Real Estate Finance, the listed junior debt fund, has completed two transactions totalling £33m, taking the fund to 50% invested.
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Southern Cross landlords agree to provisional restructuring
Landlords of struggling care home operator Southern Cross last night agreed to a provisional restructuring which is likely to see rents cut for the short term.
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SFO decides against retrial for three solicitors in McGarry case
The Serious Fraud Office today decided not to pursue a retrial of three solicitors in the £49m mortgage fraud trial involving Ian McGarry after a jury failed to reach a verdict.