All Property Week articles in 19 February 2010 – Page 4
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London & Stamford sells Leeds office for £51m
London & Stamford has sold 1 Whitehall Riverside in Leeds to NFU Mutual Insurance Society for £51.3m, around nine months after buying it for £37.6m.
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Buy, sell or stay in limbo? Making the right move is never easy but we have the answers...
The property market is a-chatter. Demand is high, interest rates low and the number of houses on the market is minimal. So what on earth are we meant to do?
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Hammerson "prudent" despite portfolio rally
Hammerson will maintain a “prudent approach to financing” despite the value of its property portfolio rallying 6% in the second half of 2009.
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Dubai World on verge of presenting debt proposal
The Department of Finance said banks may have to wait years for the group’s portfolio to recover much of its value.
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Help! EMI in talks to save Abbey Road with investors
EMI, the struggling record label and music publisher, will not sell its world-famous Abbey Road studios but is instead in talks with third-party investors to help it finance a "revitalisation" of the North London complex.
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Government may ban sale of 'obsolete' buildings
Commercial property owners may soon be prevented from selling up to 10pc of their portfolios, including some of Britain's most-loved historic shops and offices, because of a Government clampdown on energy inefficiency.
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AIG death spiral ends as bailout support brings stable revenue
American International Group Inc., the troubled financial firm that threatened to bring down the U.S. economy, is showing stable revenue for its insurance units and improving its ability to repay taxpayers 17 months after a bailout that swelled to $182.3 billion.
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Australia’s mortgage fund shaken by vehicle’s closure
Australia’s A$25bn mortgage (£14bn, €17bn, $22bn) fund sector, in which more than A$15bn has been forcibly frozen by the federal government, has been struck another blow with Colonial First State announcing it will wind up an A$850m fund in what it says are the “best interests of investors”.
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UK commercial property sector enjoys boost
More than £1bn of shopping centres will change hands in the next few weeks as investment activity in the commercial property sector has accelerated following the sudden influx of money into institutional and retail funds.
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EA Shaw recruits duo
EA Shaw has appointed Niall Gallagher, formerly of Farebrother, as head of its investment agency department.
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Capita Symonds completes NB Real Estate purchase (video)
Capita Symonds – part of outsourcing giant Capita – has bought NB Real Estate for £10m, with an additional £10m deferred consideration if certain targets are met.
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Graftongate pre-lets 85,000 sq ft to John Lewis in Enfield
Graftongate has pre-let an 85,000 sq ft warehouse to John Lewis Partnership, for a customer delivery hub near Enfield.
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REDC and Zoopla.co.uk sells 57 properties in debut sale
US auction house Real Estate Disposition Corporation (REDC) and Zoopla.co.uk sold 57 properties in their first joint venture online auction sale last weekend and said this showed a shift in the auction sector “from the ballrooms to the living rooms” as people were happy to buy property online.
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Healey responds to government residential criticism
Housing minister John Healey has responded to criticism of the government’s track record on residential supply with a scathing attack on Conservative proposals to ease the UK housing shortage.
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Grosvenor agrees to fund Stoford Cambridge Fire Station scheme
The Duke of Westminster’s Grosvenor has agreed terms with Midlands developer Stoford to fund the redevelopment of Cambridge Fire Station.
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Omans Blue City project loss provision hiked
Blue City, Oman’s largest property development, appears to be facing serious challenges after an insurance company announced it had increased its loss provisions to cover the project’s possible collapse.
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Indian developers urge tax help
A tax holiday for affordable housing and an exclusive regulator are among the demands of the real estate sector for India's 2010-11 Budget.
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Nearly 1m US homeowners get loan-mod help
The US Treasury said its foreclosure-prevention program has cut mortgage payments for about 947,000 households, at least temporarily.
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Silverstein offers $1bn to speed WTC rebuilding
Larry Silverstein, the developer of New York’s World Trade Center site, offered as much as $1bn of equity, tax-exempt financing, insurance funds and cost savings to expedite skyscraper construction at Ground Zero.
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Candy to surrender Beverly Hils estate to settle debt
Christian Candy, a Monaco-based real estate entrepreneur, will hand over an eight-acre site in Beverly Hills to settle a dispute over a $365.5m loan that’s in default.