All Property Week articles in 18 July 2008 – Page 10
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US and UK buyers eye world’s first moving tower
US and UK buyers eye world’s first moving tower
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Leeds Metropolitan University plans £26m 'eco' student residence
University Partnerships Programme, one of the UK’s largest providers of student accommodation, is to design, build, finance and operate a major new development for Leeds Metropolitan University.
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Blacks Leisure Group to open new stores
Leisurewear retailer Blacks Leisure issued a strong interim trading statement this morning and said it planned to open five more ‘test stores’ in Edinburgh, Bristol and Newcastle in September.
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London & Associated Properties sells London building
London & Associated Properties, the listed specialist retail property investor, has completed the sale of Chenil House on Kings Road, London for £14.9m
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US Senate report questions Westfield's Lowy over tax avoidance
A US senate sub committee today asserted in a report that Westfield chairman Frank Lowy used a US corporation and took other steps to hide ownership of his assets from Australian tax authorities for the purpose of avoiding tax obligations.
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Give cash rewards to cut carbon, government told
The government should introduce cash incentives to improve the energy efficiency of Britain’s commercial buildings, a committee of MPs has concluded.
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Land Securities cagey as market changes demerger equation
Land Securities warned yesterday of the potential effects of the economic slowdown on its business but declined to provide details about how its demerger was going.
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Rent first, buy later scheme for first-time buyers
First-time buyers will be able to rent homes cheaply while they scramble to raise enough money to buy them, as part of a package of government measures to stimulate the housing market.
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Nationwide rate cuts give hope
Nationwide building society yesterday announced a number of sharp cuts to its mortgage rates, giving hope to borrowers that more competitive pricing may return to the market.
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Dame Judith Mayhew-Jonas to chair New West End Company
The New West End Company has appointed Dame Judith Mayhew-Jonas to lead a £1.5bn investment programme over the next five years as chair of the company.
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Creditors act as Dawnay Day woes mount
The crisis at Dawnay Day deepened yesterday as creditors moved in to recover their loans.
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Record foreign investment for London
Foreign investment into London has soared to a record high despite the credit crunch, the capital’s inward investment agency will reveal today.
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HBOS issues threatened as shares slip
Underwriters to the HBOS rights issue were last night preparing to pick up the tab for the UK mortgage bank’s £4bn cash call after a fresh slump in the stock made it highly likely that shareholders would shun the fundraising.
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FBI inquiry eyes IndyMac
Collapsed US regional bank IndyMac is being investigated by the Federal Bureau of Investigation, which is questioning a dozen mortgage lenders on suspicion of possible fraud.
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Suicide suspected in death of mortgage company chief
The head of one of Arizona's biggest private lenders to the property industry is believed to have committed suicide after the company he controlled ran into severe funding difficulties.
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Meinl investment gets green light
An €800m (£635m) investment by Citi Property Investors and Israeli company Gazit-Globe into Austria’s Meinl European Land was approved at an extraordinary general meeting held today.
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Taxpayers to lose £60m from Greenwich Peninsula delays
Taxpayers are losing out because of the government’s failure to redevelop the Greenwich Peninsula, the National Audit office said today.
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Co-op may sell some Somerfield stores
The Co-operative Group (Co-op), the UK's fifth largest supermarket chain, has agreed to buy rival Somerfield - and looks likely to sell off some of its newly purchased stores.
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Spanish developer collapses
Martinsa-Fadesa, the Spanish property developer whose interests span apartment buildings, hotels and golf courses, has filed for bankruptcy, saying that it had been unable to secure a €5bn of debt.
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Countryside prices slide
Country homes have suffered their steepest fall in value in more than a decade, according to Knight Frank. The group recorded a 3.9% drop in prices across the prime country house market.