All Property Week articles in 18 May 2007
View all stories from this issue.
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Online
Kelly: HIPs delayed until August
The introduction of controversial Home Information Packs will be delayed until August, Communities Secretary Ruth Kelly announced today in parliament.
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Hedge fund appoints Cushman for derivatives fund
ORN Capital, the hedge fund company majority owned by Morley Fund Management, has appointed Cushman & Wakefield Finance to raise up to $100m (£50m) for its global property derivatives fund.
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Bank of Scotland invests in Norfolk developer
Bank of Scotland Corporate has taken a 20% stake in Morston Assets, the Norfolk-based developer owned by Sir Tom Farmer and Tom Harrison.
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OnlineBallymore gets green light for Arrowhead
Ballymore Properties has received detailed planning permission for its £400m Arrowhead scheme close to Canary Wharf
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OnlineLoan secured for Europe's largest shopping centre
St Martins has secured the largest property loan in Turkey. The loan will finance its purchase of Europe’s largest shopping centre, the Cevahir mall in Istanbul.
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OnlineBritish Land announces results on the back of major sale
British Land has sold its One Exchange Square in the city’s Broadgate Estate for £406.3m on the same day it announced its results and warned of a slowdown in the property market.
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New West End chief to step down
Gary Reeves, chief executive of the New West End Company business improvement district, is to step down from his role, it was announced last night.
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News
Lords’ last-ditch attempt to kill HIPs bill
Opposition peers said last night they were optimistic of defeating the government over home information packs, although the vote is advisory only and will not force ministers to withdraw the implementation of the proposals on 1 June. Financial Times
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News
Raven rakes it in from Russian sheds
Raven Russia has announced that it expects to produce an annual income of $134m (£68m) from its 15 Russian warehouse development projects. The Times
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News
Hammerson buys Stockley House
Hammerson has bought the Stockley House office block in London for £71.4 m including costs. The Times
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News
RBS may sell Canary Wharf towers
The Royal Bank of Scotland may put up for sale two buildings in Canary Wharf: the Citigroup tower and Bank of America’s London headquarters, which together could fetch more than £1.5bn. Daily Telegraph
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News
Sainsbury’s sublets SavaCentre to M&S
Sainsbury’s is to sublet one-third of its former SavaCentre store in Merton, south London, to Marks & Spencer. The Times
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M&S to open three ‘eco factories’
Marks & Spencer is to announce plans today for its first three ‘eco factories’, one in Sri Lanka and two in Wales. The Times
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German KanAM pays £400m for EBRD offices
British Land has sold the European Bank for Reconstruction and Development to German fund manager KanAM Grund. The Times
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Supermarkets to get an easy ride out of town
Yesterdays planning white paper appeared to give big supermarket chains the opportunity to build out-of-town developments. The Times
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Big Yellow NAV jumps 47%
Big Yellow Group’s profits rose 22% in its first results reported since it became a REIT earlier this year. Daily Telegraph. The Times
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News
Road-pricing pilot cities on grid
Road pricing will be tested in at least one big city within five years, as part of plans to be published in the government’s road transport bill today. The Times
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OnlineDebenhams gives boost to Darlington
Debenhams has signed up to anchor Discovery Properties’ The Oval shopping scheme in Darlington, County Durham.
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OnlineGovernment supports ‘vibrant town centres’
The Government has unveiled major new planning reforms today, with a key plank being to strengthen town centres over out of town shopping developments.
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Crown Estate appoints independent valuers
The Crown Estate has appointed independent property valuers for the first time for its core urban estate.
