All Property Week articles in 19 December 2008 – Page 9
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OnlineResidential sale raises £2.3bn
Residential agents scored £2.3bn via a three-day housing sale coordinated by Countrywide
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Savills shuts up shop in Hungary
Savills has closed its office in Hungary in response to the deteriorating central and eastern European market.
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BRC gives retailers monthly rents weapon
The British Retail Consortium is arming its members with a template letter to send to their landlords over monthly rents, just a week before the next payments are due.
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KPMG opens Central and Eastern Europe branch
Professional services firm KPMG has formed a central and eastern European real estate restructuring unit aimed at providing services to companies wanting to cash in on ‘ distressed situations’.
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HSBC and Bristol developer resolve banking dispute
HSBC has apologised to a Bristol-based developer for sending him a letter threatening to cut off his funding.
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OnlineGrainger expands in Germany
London-listed residential property company Grainger is to expand its business in Germany with the purchase of a 50% stake in property manager Gebau Vermogen.
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New development manager appointed to City Lofts’ Sheffield tower
A new development manager has been appointed on Sheffield’s tallest residential tower.
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Galliford Try wins £25m affordable housing contract
Galliford Try has been selected as the preferred bidder for a £25m contract to provide 178 mixed tenure apartments for One Housing Group in Stratford, East London.
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Lifeline for Penrith retail development
The Northwest Regional Development Agency (NWDA) is providing a £1m lifeline to Penrith’s New Squares shopping and housing scheme.
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Government’s £68m planning initiatives are failing, says MP
Government initiatives to speed up the planning system are failing, the chairman of the Committee of Public Accounts said today.
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Savills warns on profits
Savills has said its profits for this year will be ‘significantly below’ analysts’ forecasts in a trading update this morning.
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India house market aid could harm banks
Will the government-backed housing loan package push PSU banks towards an uncharted territory? Some quick back-of-the-envelope calculations bring out the unprofitable and the dark side of Monday's government-backed home loan package.
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At least $107bn of US property 'in distress'
A New York research company, Real Capital Analytics, has compiled data showing that at least $107bn worth of income-producing property — including hotels, offices, apartment complexes and warehouses — is already in distress or is headed in that direction.
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HUD Chief calls mortgage aid a failure
Secretary of Housing and Urban Development Steve Preston said the centerpiece of the federal government's effort to help struggling homeowners has been a failure and he's blaming Congress.
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New Lend Lease chief promises prudence
Aa he prepares to take over the reins of Lend Lease, one of Australia's largest property companies, Steve McCann says he expects more bad news before seeing a recovery in the difficult and turbulent property market.
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Centro stocks wobble on deal doubts
Securities in debt-laden Centro Properties Group pulled back from early highs amid confusion over a debt extension agreement that will leave the shopping centre owner hanging by a thread until mid January.
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HK price and rent falls to go on to next year
Property prices and rentals in Hong Kong are plunging across the board as the year draws to a close - and the retreat is expected to continue in the new year, experts say.
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HK, Korean owners slash China asking prices
A growing number of offshore owners of mainland flats are cutting their asking prices to attract buyers back to a market that has become cautious as a result of the global financial crisis.
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Beijing ponders REIT launch
The launch of real estate investment trusts in mainland China is back on the policy agenda in a 30-point programme of measures planned by the State Council to revitalise the country's finance sector.
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HK cuts base rate by 100 bps
The Hong Kong Monetary Authority cut its base rate to a record low on Wednesday, exerting more pressure on HSBC and other banks to cut their lending rates in the territory.
