All Property Week articles in 19 June 2009 – Page 5
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Brixton bondholders move to block Segro
Bondholders in Brixton will this week call for the heads of the property group’s top executives and an independent valuation of its real estate portfolio in a move to derail the company’s takeover talks with Segro, its arch-rival.
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Builders urge lenders to ease criteria
Homebuilders have called on banks and building societies to ease criteria on mortgages for new-build properties.
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Taylor Wimpey sees market bottom
Taylor Wimpey cast a rare ray of sunshine on the embattled housebuilding industry yesterday after the group all but called the bottom of the market.
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PWTV: Hermes chief executive Rupert Clarke talks BPF presidency and industry issues
Rupert Clarke, chief executive of pension fund manager Hermes Group, said the 'debt overhang' and how it is dealt with is likely to be the main issue of his term as British Property Federation president, which starts next month.
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Six developments start in Birmingham over last year, says Drivers Jonas
There have been six construction starts in Birmingham in the past 12 months, signally that development is still happening, reports Drivers Jonas in this year’s annual Birmingham Crane Survey.
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PWTV: Hester says government should 'get out of the way' of economic recovery
Stephen Hester, chief executive of the Royal Bank of Scotland, told Property Week that the government needs to 'get out of the way' of economic recovery.
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Warner’s property director Stevens to leave
Warner Estate Holdings property director Michael Stevens is leaving the firm.
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Recovery will be long and slow says Charlie Mayfield, John Lewis chairman
Charlie Mayfield, chairman of John Lewis Partnership spoke today at the Movers and Shakers Property Networking Club and warned any recovery the UK will be a long, slow and tough recovery.
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MORNING AFTER: Norwood Property Lunch and Awards
Gerald Ronson, Nick Leslau and Sir Stuart Lipton were some of the high profile names who attended Norwood's 10th annual lunch and awards last week.
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Simon Halabi’s Protractor portfolio falls 50% in value and loan breach occurs
Simon Halabi’s ‘Protractor’ portfolio has fallen more than 50% in value and breached the loan to value covenant on its £1.1bn debt pile.
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Olney joins DTZ's Smith in new West End venture
John Olney, Lewis Ellis director, is leaving the firm to join former DTZ director Paul Smith’s new West End agency firm.
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Major shopping centre to open in Ireland
The Showgrounds Shopping Centre in Clonmel, Ireland will open next Thursday in the first major centre opening in Ireland this year.
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Morgan Stanley to revalue all properties in the P2 Value fund
The board of Morgan Stanley Real Estate Investment in Germany has commissioned an early revaluations of all the properties held in the Morgan Stanley P2 Value open-ended real estate fund.
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Merc Clothing takes Clacton shop
Fashion brand Merc Clothing has taken a unit at the refurbished Clacton Factory Outlet centre.
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DLF to keep core assets as credit improves
India’s largest real estate company DLF has decided against selling core assets — residential, industrial and commercial plots — which it had put on the block.
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Damac quits Malaysia land deal
Dubai-based developer Damac Properties on Thursday confirmed it would not complete a Malaysia land deal with UEM Land Bhd due to the financial crisis, and would focus on projects already under construction.
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Philippine developers my be uprated on REIT move
Ayala Land and other Philippine property companies may be upgraded by analysts once the nation’s Congress enacts a law giving tax breaks for real estate investment trusts, the country’s biggest bank by assets said.
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Japan to set up J-REIT aid fund
Japan will set up a fund worth 'hundreds of billions of yen' within the next few months to aid real estate investment trusts hurt by the global credit crisis, a ruling party lawmaker said yesterday.
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Perth offices set to plummet as min projects stall
Office prices and rental rates in Perth’s business district will fall as much as 50% by 2013 from last year’s highs as mining projects stall and new blocks are completed, real-estate forecasters and agents said.