All Property Week articles in 18 September 2009 – Page 2
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Online
Blacks puts Sandcity into administration
Blacks Leisure, the sports and outdoor clothing retailer, has placed its Sandcity division in administration following a breach of its banking covenants.
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Hammerson gets consent for first phase of £600m Sheffield Sevenstone plan
Hammerson has won detailed planning consent for the first phase of a £600m retail quarter in Sheffield city centre.
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Online
ProLogis lets 314,700 sq ft at Midpoint
ProLogis has signed The Pallet Network (TPN) to take 314,700 sq ft distribution facility at ProLogis Park Midpoint.
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Online
Green light for £80m Hawks Park in Leeds
CalEast Global Logistics and Barwood Developments have won detailed planning permission for the first phase of the £80m Hawks Park employment site in Garforth, near Leeds.
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Online
Barratt and Redrow raise £844m to strengthen balance sheets
Housebuilders Barratt Developments and Redrow have both turned to investors for fresh funds to repair their balance sheets and take advantage of weak property prices to snap up land.
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Liberty raises £280m for new spending programme
Liberty International has raised £280.5m of new equity from a placing of shares to kickstart spending plans it mothballed at the height of the financial crisis a year ago.
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OnlinePeel Media plots promenade at Imperial War Museum North
Peel Media has submitted a planning application to develop a pedestrian promenade and public realm area in front of Imperial War Museum North.
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Public square design competition launched in Hammersmith
Helical Bar, Grainger and Hammersmith & Fulham Council have begun a competition to design the public square at the heart of the King Street scheme in Hammersmith.
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Bain Capital signs up for large West End letting
Private asset management firm Bain Capital has signed to take 41,500 sq ft at Devonshire House in London’s West End at a rent of £90/sq ft – thought to be the largest in terms of space ever signed at this level of rent.
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Online
Paris on the up as sales rise
Paris’s commercial property market is emerging from its worst year for investment in at least a decade as falling prices revive demand from French insurers and German mutual funds.
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Online
Corus sell off to off value test
About 10 investors are expected to submit bids to the Federal Deposit Insurance Corp by Friday for $5bn in condominium loans and other property held by the failed Corus Bank, in a key test of US commercial real-estate values.
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Hong Kong sales dip on interest rate worries
The number of sales recorded at key private housing estates dropped 12% last week and agents said this was because of concerns that banks might be poised to raise mortgage rates.
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HK builders rush to beat new density rules
Developers are in a race to win approval for ambitious building projects before the government resumes a campaign to lock in tighter planning restrictions over building heights and densities.
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Mumbai high street rents crash more than 60%
As the global slowdown pushed consumers to stay at home, retailers halted expansion plans and checked out of expensive high-street locations. Result: Rental rates at high street locations across the world crashed, with the biggest crashes in Mumbai.
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Bain agrees large West End letting
Bain Capital has agreed one of the largest rental deals ever in London’s West End in a deal that suggests a revival in the demand for business space.
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Barratt and Redrow plan £850m cash call
Two of the UK’s largest house builders will unveil plans to raise £850m in fresh equity today as pressure on the sector continues to force companies to shore up their balance sheets.
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Online
Sugar victim of sweeteners in OFT inquiry
Lord Sugar fell victim to one of the worst offences uncovered by the Office of Fair Trading’s bid-rigging inquiry.
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Online
Minerva secures debt deal
Minerva has secured a deal with creditors to give it breathing space under its £1bn debt burden until after June 2011.
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JD Sports eyes European move
JD Sports will consider further deals in Europe after increased interim profits lifted its cash pile.
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Builders pressed to refund councils
Construction companies allegedly involved in a huge price-fixing conspiracy came under pressure last night to compensate local authority victims that could exclude them from billions of pounds of public works contracts.
