All Property Week articles in 19 December 2003 – Page 2
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News
Manhattan's must-eats
0Our US property columnist Steve Cuozzo is also one of New York's top restaurant critics. For those going to the Big Apple for Christmas or the New Year, he gives his recommendations
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News
Slocombe joins LSH revival
Lambert Smith Hampton has begun the rebuilding of its City office with the appointment of Guy Slocombe (above) as director. Slocombe joins from Nelson Bakewell and will jointly run the City investment side alongside Richard Grassley. Four City directors left LSH last year to set up Spring 4. ...
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News
Gracechurch Street letting
Quintain has let 36 Gracechurch Street, EC3, to reinsurer Trenwick UK Management Services. Trenwick has taken a five-year lease on the 30,000 sq ft (2,790 sq m) building at £21/sq ft (£226.04/sq m). Quintain had planned to redevelop the building along with an adjoining block, but has postponed the ...
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News
Stainton’s portfolio grab
Hugo Jackson’s Stainton Capital has bought a £42m portfolio from Dawnay Day to complete its first £100m fund with Lehman Brothers and HBOS. The 14-property portfolio, comprising mainly offices and industrial with some retail, is spread across England. The properties include: Midland House, an 85,000 sq ft (7,896 sq m) ...
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Markets
Good Year
Although they may not have won official awards, fate has been kind this year to: Richard Desmond The publisher's bargain-basement purchase of a new City headquarters was the best example of the soft City market in 2003. Desmond bought the former HSBC headquarters at 10 Lower Thames Street, ...
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News
Ropemaker Place JV gets go-ahead
Helical Bar and Deutsche Bank Real Estate Investments this week won consent from Islington Council for their redevelopment of the Ropemaker Place site on the northern edge of the City of London. The developers are proposing a 731,950 sq ft (68,000 sq m) office scheme of 23 storeys (pictured), ...
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Markets
The Few Towers
Schemes due to come onstream next year are rare as developers wait for recovery in 2006. This year despondency down south has been matched by confidence up north, as London and the Thames Valley have limped onwards, beaten by property's performance in Leeds, Manchester and elsewhere. ...
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News
Food firm signs juicy deal in Somerset
Fruit drinks manufacturer to build 750,000 sq ft plant at Dutch-owned park
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News
Government concedes to industry over planning
‘Sequential tests’ for retail parks go; outline planning consents remain
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News
Wrenbridge in from cold
Cambridge-based developer Wrenbridge has bought a former cold store from Sainsbury’s on Berry Hill Industrial Estate, Droitwich Spa, to create a big distribution scheme. The 200,000 sq ft (18,580sq m) facility, developed by Christian Salvesen, will be refurbished by Wrenbridge to create a single distribution warehouse. The 11 acre (4.5 ...
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News
South-west deal closes successful year for sheds
Gerber Foods' Bridgwater development plans mark the end of a bumper year for giant sheds, writes Polly Mackenzie. B&Q started the year in style, signing up for 792,000 sq ft (73,578sq m) at Scarborough Development Group and Clugston Estates' Redhouse Interchange near Doncaster in January. Next took a nearby ...
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News
China promise for Teesland
Teesland chairman Kevin McCabe has unveiled details of his first project in China, a £200m mixed-use development in Changzhou, 100 miles north-west of Shanghai. Through the Chinese subsidiary of his development vehicle Scarborough Property Company, McCabe has been granted planning permission for a 4m sq ft (371,609 sq m) retail, ...
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Professional
Neighbours call for expert handling
Developers need a specialist to keep next door happy
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News
German fund buys EMI’s London HQ
The influx of German money into the UK is set to continue with European real estate firm IVG Immobilien AG’s launch of a ¤147m (£104m) fund for private investors to buy office buildings in London, Bonn and Nuremberg. IVG subsidiary Wert-Konzept is set to launch the EuroSelect 07 fund for ...
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News
Gracemark’s Conduit Street buy
The Corporation of London has sold 52/53 Conduit Street, W1, to Gracemark Investments and GE Capital for £8.5m. The property on the corner of Conduit Street and Savile Row comprises 12,457 sq ft (1,157 sq m) of vacant offices above the Issey Miyake store. More than 20 bids were ...
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News
Bruntwood’s GMC cure
Manchester secondary office specialist Bruntwood has secured a 47,000 sq ft (4,366 sq m) letting to the General Medical Council at St James’s Buildings, Oxford Street, in one of the city’s biggest deals of the year. The GMC will occupy the fifth and part of the seventh floor, on a ...
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News
Brown’s REIT statement lifts real estate sector
Positive attitude towards tax-transparent property vehicle boosts shares
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News
Breen launches new fund
Veteran developer Richard Breen is to launch a property fund for private individuals with a minimum of £25,000 to invest. Breen, founder of property company Artesian , is to launch the fund to allow the average investor access to commercial property in the UK. The Artesian No 1 limited partnership ...
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News
GSE enters big time at Eurotunnel site
Kent-based developer plans distribution hub on 115 acres near Ashford
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