All Property Week articles in 18 September 2009 – Page 13
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Unite to raise £78m for London development programme
Unite, the student accomodation provider, has raised £77.8m of new equity to fund its future development programme.
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LPA receiver appointed to Halton Lea shopping centre
Savills has been appointed as LPA receiver to Halton Lea shopping centre in Runcorn.
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Caan sets up loan scheme
James Caan, the private equity investor and star of television’s Dragon’s Den, has set up a £1bn facility to offer interest-free loans to homebuyers to cover stamp duty and legal costs. The loans for up to £50,000 will be available only through estate agents who sign up to the website ...
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RICS sets up agent board
The RICS has set up a Property Standards Board to develop a code of practice for estate agents, lettings agents and property managers. RICS, alongside the National Association of Estate Agents and the Association of Residential Letting Agents, hopes to gain government approval for its proposals.
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Construction unions consider deal
Union bosses representing the construction industry will meet in Manchester to decide whether to recommend a deal reached between employers and union negotiators, which aims to end unrest in the industry. The dispute surrounded 'stopping foreign workers from being exploited and creating a level playing field for local workers', according ...
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Construction fears 90s-style dark days
Some of the UK’s biggest construction companies have warned that increasingly ferocious competition for a shrinking pool of work risks driving the industry back into the 'dark days' of the 1990s.
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Concern as 500m London embassy plans approved
Supporters of the proposed £500m US embassy in London’s Nine Elms say the controversial project will provide a huge boost to regeneration after outline plans were approved last night by Wandsworth borough council.
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Fast rail plans at odds over access to airports
Planning processes for a new, north-south high-speed rail route are too narrowly focused on traditional railway priorities, according to the man largely responsible for devising the route of the UK’s only dedicated high-speed line.
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Rising City job openings hint at upturn
New job vacancies in the City last month rose to their highest level this year, reinforcing tentative signs of an improvement in financial services employers’ confidence about hiring, according to a report today.
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Barclays to hive off bad assets
Barclays has unveiled the sale of $12.3bn (£7.5bn) of toxic credit assets to a new company in a move to reduce its balance sheet volatility and could see it emerge as a model for financial institutions hit by the credit crisis.
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Warner Estates lets 140,000 sq ft for its Ashtenne Industrial Fund
Warner Estate Holdings has carried out 140,000 sq ft of lettings for its Ashtenne Industrial Fund (AIF).
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OnlineDragons' Den's Caan sets up £1bn home-buying fund
Dragon’s Den star, James Caan, famous for using his own money to back fledgling businesses, now wants to help ordinary people climb the property ladder with a £1bn fund to kick-start the housing market.
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Alburn restructures £200m of debt
Irish developer and investor Noel Smyth has restructured £200m of securitised debt, following a breach of the loan to value ratio covenant last month.
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Max Property beats Delancey and Citi to Industrious prize
Nick Leslau and Mike Brown’s Max Property has won its battle with a junior lender backed by Jamie Ritblat’s Delancey to buy the £232m Industrious Portfolio.
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Immofinanz sells Munich block for €200m
Immofinanz, the Vienna-based property investor, has sold two office buildings and a hotel in Munich’s Lenbachgärten in Germany’s largest property deal of the year.
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DEGI extends Lisbon lease
DEGI has signed a ten-year lease extension on a 125,000 sq ft office in Lisbon.
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RICS launches property standards board to protect against ‘cowboy agents’
RICS has teamed up with number of trade associations, redress schemes and consumer champions to improve standards in residential property.
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CBRE picked as new agent for One New Change
Land Securities has appointed CB Richard Ellis to join Knight Frank on the leasing team for its One New Change scheme close ot St Paul's.
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OnlineRREEF buys Durham shopping centre from BlackRock
RREEF Spezial Invest, part of RREEF Alternative Investments, has bought Prince Bishops Shopping Centre in Durham from BlackRock for £60m.
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ProLogis recruits former investment head to its board
ProLogis has brought back Irving F. "Bud" Lyons III to its board of trustees after he retired three years ago.
