All Property Week articles in 19 June 2009 – Page 4
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General Medical Council takes more space at Spinningfields
The General Medical Council has signed up for a further 10,000 sq ft at Spinningfields in Manchester, on top of its 50,000 sq ft letting announced in January.
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Liberty surrenders Sloane Street lease
Retailer Liberty has surrendered the lease on its Sloane Street shop in Knightsbridge after an unsolicited offer from a European fashion brand, and will now focus on its Regent Street flagship store.
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X-Leisure unit holders approve £50m equity issue
Capital & Regional has received support for a £50m equity raising for its X-Leisure fund through the sale of units to existing unit holders in the fund.
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OnlineAEW Europe appoints Rob Wilkinson as head of European fund management
AEW Europe has appointed Rob Wilkinson as managing director, head of European fund management and separate accounts.
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DHFL venture capital to raise project funds
DHFL Venture Capital, promoted by the leading private sector housing finance company, today said that it would raise Rs 250 crore in the current fiscal domestically to fund real estate projects in Tier-II and Tier-III cities.
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Changes urge to condominium loan rules
Two Democratic lawmakers are calling on Fannie Mae and Freddie Mac to relax recently tightened standards for mortgages on new condominiums, saying they could threaten the viability of some developments and slow the housing-market recovery.
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California house market shows recovery signs
A home-sales revival that began last year in some of California's cheaper inland areas has begun to spread to several more expensive coastal areas, another hint that devastated real-estate markets in the state -- and other parts of the country -- may see less grim days ahead.
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Macquarie sells Shanghai tower below cost
A property unit of Australia's biggest bank Macquarie Group has sold a luxury residential project in Shanghai at below cost.
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Swire Pacific Place office rents by a fifth
Swire Properties recently reduced office rents at Pacific Place 20% from last year's peak when leases came up for renewal, but the company believes Hong Kong's office market has bottomed out, chief executive Martin Cubbon said.
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Corruption case opens against former Deyaar employees
A pair of former Deyaar employees wove an intricate web of land deals to create a massive fraud, the Dubai Court of First Instance heard on Sunday.
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End to UAE property trough 'in sight'
International investors will start snapping up distressed UAE property-backed assets by the end of this year, according to the regional chief of Morgan Stanley.
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Saudi developer gains Islamic bond approval
Jabal Omar Development, a real- estate developer in Saudi Arabia’s holy city of Mecca, got shareholder approval to sell Islamic bonds after failing to raise money for a development project in the kingdom.
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Emaar expects $272m from malls
Emaar Properties, the Middle East’s biggest real-estate developer, expects revenue from its malls and retail business this year to double to as much as 1 billion dirhams ($272 million), boosted by new malls.
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Segro agrees £105m deal to buy Brixton
Segro has reached agreement with the board of Brixton and announced its 'firm intention' to make an all-share offer to buy its rival.
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Hammerson calls market bottom
The two-year slump in the UK commercial property market may be close to its bottom for the best buildings, according to Hammerson chief John Richards.
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DTZ loses more key earners
Six more fee earners have left DTZ, the beleaguered property agents – including leading investment agent John Slade.
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Zombie land banks threaten recovery
The drying up of land sales and the collapse in rates of building have created a new monster that stalks the house building sector: zombie land banks.
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Marston's to build sixty pubs
Marston's is to build 60 new pubs overt the next three years, starting this summer. The move follows announcement of a £176m rights issue.
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House prices fall in June
House prices dipped in June as rising mortgage rates made it increasingly difficult for cash-strapped first-time buyers to secure home loans, according to new figures published today.
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Commercial property sprees as prices plunge
Depressed commercial property prices have prompted a wave of interest in the market with up to 16 firms currently working on or readying plans to launch real estate funds.
