All Property Week articles in 18 April 2008 – Page 10
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Apple takes bites of Bristol’s Cabot Circus
Land Securities and Hammerson - the Bristol Alliance - have secured another eight retailers taking its Cabot Circus scheme to 85% let ahead of an autumn opening.
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Cordea Savills to launch Turkish fund
Fund manager Cordea Savills has launched a €1bn (£810m) Turkish opportunistic fund that will target shopping centre and residential development opportunities.
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ProLogis to furnish US retailer with 1.2m sq ft
ProLogis is set to build 1.2m sq ft of bespoke warehousing for one the USA’s biggest home furnishings retailers.
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Budget clothing retailer goes into administration
Ethel Austin, the budget clothing retailer, has gone into administration.
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OnlineLand Securities to sell Bullring stake
Land Securities is to test the fragile property investment market with the sale of one of its largest holdings - its stake in the Bullring shopping centre in Birmingham.
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Sports chain JJB closes shops
Sports chain JJB is to close 72 stores as part of a property shake-up.
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Ireland’s office occupational market holding up but office investment slows
Ireland’s Dublin office market is holding up with a healthy first quarter take up despite a wider economic downturn in the country.
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Land Securities to sell Bullring stake
Land Securities is to test the fragile property investment market with the sale of one of its largest holdings, in the Bullring shopping centre in Birmingham. Financial Times
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City may lose 40,000 jobs
London may lose 40,000 City jobs as a result of the sub-prime crisis and global credit crunch, according to analysts at JP Morgan Chase. Daily Telegraph
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Barclays keen on new mortgages
Barclays said yesterday it was 'wide open' for new mortgage business at a time when other lenders were reining back because of the credit squeeze. Financial Times
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Banks warn Brown on mortgages
The credit crisis is so severe that dozens of smaller lenders could be forced to stop offering new mortgages unless the government intervenes, leading bankers told Gordon Brown yesterday. Financial Times
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House 'prices fall 1.6%' says DCLG
Perceptions of a looming house price correction gathered pace yesterday as official figures showed a 1.6% fall in prices in February. Financial Times, The Times
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Amazon.co.uk Welsh plant creates 1000 jobs
Amazon.co.uk, the UK arm of the online retailing group, will today open a vast logistics centre in Swansea, marking the biggest single investment in Wales since devolution in 1999, measured by job creation. Financial Times
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Segro poaches Sutcliffe
Taylor Wimpey, the housebuilder, said that Ian Sutcliffe, chief executive of its UK housing division, had resigned to join Segro, the property investment trust.The Times
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Tchenguiz seeks to sell M&B stake
Robert Tchenguiz’s investment group R20 has been approached by hedge fund Trafalgar Asset Managers about its 23pc stake in pub group Mitchells & Butler. Daily Telegraph
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Concern over US mortgage providers
Fannie Mae and Freddie Mac, the US government sponsored housing financiers, 'remain a significant supervisory concern' and still needed better internal controls, corporate governance and risk management, their regulator said yesterday. The findings in the Office of Federal Housing Enterprise Oversight’s annual report to Congress represent an obstacle to plans ...
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OECD foresees $420bn sub-prime losses
Losses from the collapse in the US sub-prime mortgage market will total between $350bn and $420bn, according to an analysis published yesterday by the Organisation for Economic Co-operation and Development. Financial Times
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OnlineBiggest ever letting at MEPC’s Hillington Park
Balfour Kilpatrick, a subsidiary of construction firm Balfour Beatty, has taken more than 50,000 sq ft of office and industrial space at MEPC’s Hillington Park near Glasgow.
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Architects picked for New Covent Garden Market
Architects URS and Foster & Partners have been selected to design New Covent Garden Market.
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AMB secures second purchase in UK
AMB has made its second purchase in the UK, buying a warehouse near Heathrow as part of its global strategy to invest near airports.
