All Property Week articles in 18 July 2008 – Page 3
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Summer sales boost West End shopping
Retail in London’s West End was boosted by shoppers flocking to fashion summer sales, the New West End Company said today.
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Minerva receives £258m offer from Dubai group
London developer Minerva has received a £258m cash offer from Dubai property company Limitless which values it at more than double its recent market price.
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RICS says commercial property downturn intensifies
Demand for commercial property is at a ten-year low after months of credit turmoil, weakening consumer confidence and occupiers’ freezing expansion plans said the RICS in a report published today
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Commerz Real marks UK return with City of London office buy
German open-ended fund manager Commerz Real has bought Scottish Widows’ Athene Place in London’s midtown for £98m (€124m) in its first UK transaction in several years.
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UK Coal scales back eco-town plans
UK Coal has cut the size of its shortlisted eco-town proposal for Rossington, South Yorkshire, by two thirds, it was announced today.
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Derwent London confirms Cancer Research is to head to Angel
Derwent London has agreed a 140,000 sq ft prelet to Cancer Research at its Angel Centre building in London’s Islington area.
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Terrace Hill poaches finance director from Goodman
Terrace Hill has poached Jon Austen from Goodman to be its new finance director.
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High street retailers target rent regime
Leading British retailers have joined forces to call for an overhaul of rental payment conditions as the high street slowdown intensifies.
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Business property demand plummets
Demand for commercial property has fallen to its lowest level in more than a decade, intensifying pressure on landlords who are facing demands to rip up rental agreements in the tough economic climate.
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Britons expect falling property prices
Homeowners in Britain are more convinced that property prices will fall in the coming year than households in the US and other large European economies.
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Sellers forced to cut asking prices
People selling their homes have cut the asking price by an average of more than £4,300 in the past month to catch the eye of a dwindling number of buyers, according to a report published today.
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Britons may lose Spanish property
Thousands of British holiday-home owners are facing potential losses of as much as £150,000 each with the collapse of one of Spain’s largest property developers.
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Pension fears baulk Taylor Wimpey investment
A massive pensions liability at beleaguered house builder Taylor Wimpey is scaring off potential buyers.
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HIP Facilities Group closes
HIP Facilities Group, the biggest provider of home information packs, has ceased trading because of what it called grim market prospects.
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Zakay and Aziz swoop on Dawnay Day
Two of Britain’s wealthiest private investors are poised to fight it out to buy the property assets of Dawnay Day, the financial-services group.
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Housing plan postponed to autumn
The Treasury is ready to come forward with a package of measures to stabilise the housing market, but no action is expected until the autumn.
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New York Mayoral adviser drafted in by Johnson
The consultancy firm which warned the Mayor of New York that the city was in danger of being 'relegated to a regional market' is to carry out a similar review of London’s status as one of the world’s leading financial centres.
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HBOS faces rights issue disaster
HBOS is set toadmit to one of the most disastrous rights issues in corporate history when it concedes that as few as 10% of its investors took up its £4 billion share offer.
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Herzog & de Meuron’s Tate Modern plans revealed
Architect Herzog & de Meuron today revealed the revised plans for the new development of Tate Modern.
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Think London says London’s economy still strong
Think London, the foreign direct investment agency for London, said it had created 6,152 jobs in the UK capital during the last year and contributed £710m to the London’s economy. In its annual review it said job creation increased by 65% on 2006/7, with a record number of 178 ...