All Property Week articles in 18 September 2009 – Page 14
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OnlineMORNING AFTER: Grosvenor's rental apartment launch party
TV host Graham Norton was one of the guests at the launch of Grosvenor's rental apartment at 6 Dunraven Street in Mayfair.
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OnlineEdinburgh design guru slams conference centre extension plan
Edinburgh’s former design czar Sir Terry Farrell has hit out at plans for an extension to the Edinburgh International Conference Centre, which he originally designed.
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Online
CBRE investment agent to join NewRiver Retail
NewRiver Retail, the newly-formed property investor and asset manager, has recruited CB Richard Ellis retail investment agent Nick Sewell.
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Online
PEPR lets 589,648 sq ft of UK sheds
ProLogis European Properties (PEPR) has let 589,648 sq ft of shed space in three separate deals across the UK.
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Online
Conygar share-placing raises £68.9m
Conygar has raised nearly £70m from a placing of shares announced yesterday.
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Online
H2SO and Knight Frank appointed as agents on 175-179 Oxford Street scheme
Salmon Harvester Properties and NFU Mutual have hired new central London agency H2SO and Knight Frank to lease its office element of the £35m development at 175-179 Oxford Street, London. The pair replace DTZ.
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Online
UK Coal plans property and mining investment with £100m equity raising
UK Coal is planning to raise £100m through a placing of shares in order to reduce debt and invest in property and mining activities.
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OnlineNew designers get pop up space on New Quebec Street
Designers Hannah Marshall and Jean-Pierre Braganza have opened pop up boutiques on The Portman Estate’s New Quebec Street, within the area known as Portman Village.
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Online
Simon says mall prices may only reach 2004 levels
Prices of US shopping malls may return to 2003 or 2004 levels as consumer spending and the commercial real estate market recover, Simon Property Group Chief executive David E Simon said. That would represent a decline of as much as 23%.
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OnlineHarvard endowment problems prompt protest
Harvard University has provoked protest and confrontation in a nearby Boston neighbourhood where the school is backing away from plans to build housing and laboratories on land it took years to buy.
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Online
JLL launches online auction service
Jones Lang LaSalle is joining with Real Estate Disposition Corp. to start an online auction service to sell commercial property and loans.
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Online
Masterpiece props up quiet HK primary home sector
Hong Kong's primary residential market remained relatively quiet during the weekend because of a lack of big property launches. Sixty transactions were concluded at the weekend, down from 65 flats sold a week earlier.
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Online
Housing credit battles looms
The $8,000 tax credit for first-time home buyers passed by the US Congress last winter, was intended as a dose of shock therapy during a crisis. Now the question is becoming whether the housing market can function without it.
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Online
Buyout firm ponders REIT switch
NRDC Acquisition Corp a 'blank-check company' set up with $400m in 2007 to buy operating businesses like restaurants and casinos wants to convert to a REIT.
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OnlineThe Crown Estate scraps Regent Street REIT plans
The Crown Estate has scrapped plans to create a special purpose investment vehicle for its Regent Street portfolio.
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Crown Estate scraps £1.3bn Regent Street sell-off
The Crown Estate has scrapped plans to separate its £1.3bn portfolio of shops and offices around Regent Street in London into a standalone vehicle open to outside investment.
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Online
Conygar raises £60m
Conygar, the property trading and development group has raised £60m through a share placing that was originally intended to find £28.8m. The company, founded by Robert Ware, intends to go into partnership with banks to develop and refurbish property assets that banks have repossessed.
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Online
Stenham buys in Mayfair
Stenham, the property fund manager said that it has bought four properties in Mayfair, Central London, from Grosvenor Estates for £31.3m. The properties, on Grosvenor Street and Bourdon Street, reflect a net initial yield of 6.75% and a capital value of £724 per sq ft.
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Online
Repossessions down
The Financial Services Authority said that the number of homes being repossessed fell by 9% to 13,610 in the three months to June, compared with the previous quarter, although the figure is still 23% higher than a year ago.
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Online
House prices rose in July
Official figures showed that house prices rose by 1.4% during July. The annual rate at which prices are falling eased to 8.3%, the lowest level since November last year and down from 10.7% in June. The RICS added that 11% more surveyors reported price rises in August than those who ...
