All Property Week articles in 19 June 2009 – Page 2
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REITs 'flop' say Lords report
The Government’s REIT scheme, heralded as a means of drawing cash into property investment, has been a flop, according to a damning report from the House of Lords.
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Vodafone moves HQ to London
Vodafone is moving its global headquarters to London, almost 20 years after the group started life in the provincial market town of Newbury in Berkshire.
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Hypo set for further losses
Hypo Real Estate yesterday said it expected further heavy losses in the second quarter.
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Fraud inquiry into £100m Olympic black hole
Forensic accountants are investigating irregularities at the London Development Agency after discovering a £100m hole in its 2012 Olympics accounts, according to The Times .
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Hansteen to raise capital
Hansteen Holdings, the AIM-listed property group will raise £194.6m through a share issue to buy cheaper industrial property in the UK. It will issue 267.8 million new shares at a discount of 8.5%.
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Home loans rise
The number of new mortgages for house purchase agreed by banks rose to 31,000 in May, from 29,000 in April, reaching its highest levels for a year, the British Bankers’ Association reported. The average value of new home loans also rose for the fifth consecutive month.
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MORNING AFTER: The Albemarle Syndicates' Wine Tasting
The Albemarle Syndicates, run by property consultants Egan Lawson, hosted a wine tasting challenge supporting International Childcare Trust (ICT) for its clients at the offices of Brown Rudnick, Clifford Street, London, last week.
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City Legacy consortium picked for Commonwealth Village
The City Legacy consortium has been selected as the preferred developer of the £300m Commonwealth Games Village in Glasgow. The village is being built for the 2014 games which will be held in the city’s east end.
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Insurance brokers to move to F&C REIT City scheme
F&C REIT Asset Management has pre-let the top three floors of Forum House in the City of London to Insurance Brokers SSL at £50/sq ft.
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First commercial building at Greenwich Peninsula launched
Quintain and Lend Lease have launched the first commercial building at Greenwich Peninsula in East London today, and said it was the start of a ‘new commercial district’ for London.
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Peel plans supermarket in Wolverhampton
Peel has submitted a planning application for a 100,000 sq ft supermarket on its existing Peel Centre retail park on Stafford Street in Wolverhampton.
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ING sale secures £35m debt repayment
ING UK Real Estate Income Trust has announced it is able to fully repay £35m of securitised debt in July after the sale of a Bristol office building.
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English Heritage warns 1 in 7 conservation areas at risk
English Heritage today announced that one in seven conservation areas are at risk.
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Europe’s first quarter investment totals fall 74% says Cushman & Wakefield
Europe’s first quarter investment volumes this year fell 74% on the opening period of last year with a total trading volume of just €11.4bn ‘with no market unscathed’, says Cushman & Wakefield.
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Irish retail market ‘extremely difficult’ says CB Richard Ellis
The first six months of 2009 have been ‘extremely difficult’ for the Irish retail market according to property services firm CB Richard Ellis.
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Association of British Travel Agents books move to Park Street
The Association of British Travel Agents (ABTA) has disposed of its former headquarters at 68-71 Newman Street in London’s West End and will move to 30 Park Street on the South Bank.
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Hansteen to raise £195m from sale of shares
Hansteen, the industrial property specialist, is raising £194.6m of new equity from a sale of shares to fund its expansion.
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Realtors raise prices cautiously
Some developers have started pushing apartment prices up after an anxious few months in which they jumped to affordable homes in a bit to shore up demand.
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Indiabulls to commit over $500m
India's third-largest listed developer, Indiabulls Real Estate, plans to use more than $500m raised from a recent share sale to launch projects at a time when its peers are struggling to raise funds and repay debt.