All Property Week articles in 18 September 2009 – Page 12
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Orchard Street signs up five at Gretna
Orchard Street Investment has today signed up five retailers at its Gretna Gateway outlet centre.
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DTZ performance 'in line with market expectations'
DTZ’s current trading is in line with market expectations, the firm said today.
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Luxury London hotel sold for £77.5m
Daniel Thwaites, the Lancashire brewer, has sold the Stafford Hotel in London to an Egyptian hospitality company for £77.5m.
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RESI 09: This must be the year we establish a private rented sector, says L&G Bill Hughes
Legal & General's managing director of property Bill Hughes said the UK housing market was perfectly primed to attract sizeable institutional investment for the first time ever, but it must capitalise on the opportunity now.
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Ireland's 'bad bank' to buy €77bn of loans at 30% discount
Ireland’s ‘bad bank’ will pay €54bn to five banks for loans originally worth €77bn.
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RESI 09: Don't cut public spending warns leading economist
The UK housing market will improve in the short term as UK savings rates increase and house prices stabilise, according to a leading economist.
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Netherlands pension fund sells from €500m portfolio
Progress, the Unilever Netherlands pension fund, has sold 43 properties from its €500m Dutch portfolio.
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RESI 09: Persimmon chairman voices mortgage availability concerns
John White, chairman of Persimmon Homes, added his voice to growing concerns over the downturn in mortgage availability and the impact on the development of housing in the UK.
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Nanette shareholders vote for delisting
Nanette Real Estate, the European residential property company, will delist from AIM next Friday.
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Nanette shareholders vote for delisting
Nanette Real Estate, the European residential property company, will delist from AIM next Friday.
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US housing starts 'hit 9-month high'
Builders in the US probably broke ground in August on the most houses in nine months, another sign the industry that precipitated the worst financial crisis since the Great Depression is stabilising, economists said before reports today.
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US Battersea embassy gets planning consent
Wandsworth Council has granted outline planning permission for a new £500m US embassy at the Nine Elms site on the south bank of the River Thames.
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Sun Hung Kai hikes HK penthouse prices
Sun Hung Kai Properties the world’s largest developer by market value, raised the price of two penthouses in Hong Kong by 50% to a record HK$75,000 ($9,700) a square foot as demand surges for luxury apartments.
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Fed investigates mid-size bank's commercial property exposure
Federal Reserve supervisors are examining the vulnerability of medium-sized lenders to falling commercial real-estate values to gauge the size of potential losses across the banking system.
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Abu Dhabi turns down world's tallest building
A proposal for a 224-storey building in Abu Dhabi has been turned down, according to a group of architects, designers and businessmen promoting the building.
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Qatar rents fall 17% in 2009
Rents in Qatar have fallen by as much as 17% this year, according to the latest official figures.
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Socam slides as investment gainsplummett
Shui On Construction and Materials said interim net profit fell 9.9% to HK$787 million in the absence of gains on the disposal of investments available for sale.
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Wandsworth opposes proposed Crossrail business tax
Wandsworth Council has called on Boris Johnson to spare local firms from a proposed businesses' Crossrail levy.
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Devine in $1bn retreat from residential
Devine is retreating from more than A$1bn worth of Queensland residential projects, as some banks shy away from lending to the Queensland-based developer because of its relationship with Leighton Holdings.
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Ireland's faces tough opposition
Ireland's government proposed buying property loans with a book value of €77bn ($113bn) from five struggling Irish banks Wednesday, but the country's finance minister said some may still need additional capital.