All Property Week articles in 19 March 1999 – Page 3
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Professional
How the euro will affect UK farmers
Economic and Monetary Union Although the UK has not yet joined the single currency, EMU will have repercussions on agriculture here A convergence of European bond yields should be a force for convergence of European farmland values
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News
Brixton hits 90s high with healthy NAV hike
Brixton Estates produced its best performance of the 1990s this week when it unveiled a 17% increase in net asset value to 244p a share in 1998. The performance was driven by the 8.5% increase in the value of Brixton s core UK industrial portfolio. The UK office properties ...
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News
LandSec plans West End’s largest block for decade
Land Securities is drawing up plans to create the largest single office block in the West End for more than a decade by redeveloping a slice of its Victoria estate. Headed by Ian Henderson , the company is proposing to demolish two 1960s office buildings on Victoria Street and ...
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News
Mayor’s power to be clipped
The Government has staged a climbdown on the controversial issue of the London mayor s future planning powers. Minister for London Nick Raynsford said this week that the mayor could only intervene on planning applications for schemes taller than 75m or more than 30,000 sq m (322,920 sq ft) in ...
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News
CGI’s Europlaza plan reaches new heights
CGI, the acquisitive German open-ended fund, is planning a FFr1.8bn (£180m) swoop for Howard Ronson s Europlaza scheme at La Défense in Paris. The deal will see CGI pay more than five times the reported FFr350m paid by the Howard Ronson Organization at the end of 1997 on behalf of ...
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News
Pelham’s Paris plum
Roger Orf s Pelham Partners and its European partners Apollo and Inter Allied have pulled off a cheeky deal in Paris to quintuple their money in just nine months. Pelham put down a FFr15m (£1.53m) deposit to buy a 19th-century landmark building at 45 Quai D Orsay for FFr75m (£7.65m). ...
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Markets
Mersey blues? Don’t believe a word
I would be willing to bet that the only reason most southerners visit Liverpool is because of football. And yes, I am guilty: if West Ham had not been visiting Anfield, I probably would not have made my recent trip. This would have been a shame, since you only need ...
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Markets
Knowsley’s know-how
Knowsley s renaissance from derelict borough to thriving area originates from enterprising local politics and a lucky coincidence.
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Markets
You’d better sit down . . .
Remain calm. There s nothing to panic about; everything is under control. These thoughts are probably drifting through the minds of Liverpool s property people right now. That s because, for the first time in their working lives, there is something worth getting seriously excited about. I know this will ...
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News
Leslau to shake up ‘feudal’ industry
Nick Leslau has had an impressive first year at the helm of AIM-listed Prestbury, doubling net asset value to 2.75p a share. The news had no effect on the share price, but, considering that at 3.75p it is already trading at a 36% premium to NAV, this was not too ...
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News
‘Too much space, not enough money’
New shopping centres are creating too much space for the amount of money available especially where clothing is concerned according to the research organisation Verdict. The report Verdict on Clothes Retailers 1999, which was published last week, says the £27bn fashion industry grew by only 1% ...
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News
BAA Lynton to lose 50 as company refocuses
Fifty staff at BAA Lynton are expected to leave the company within the next four weeks as part of a dramatic downsizing operation. Sources close to the company revealed that staff numbers will drop from 75 to 25, as around two-thirds of the workforce prepares to leave ...
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News
Scot Widows musters £300m for high yields
Scottish Widows is planning a £300m raid on the industrial and retail warehouse markets in a bid to seek out higher-yielding investments. The life assurance company will invest directly in industrials for the first time, as well as seeking new investment opportunities in the provincial office and retail warehouse ...
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Insight
Surveying firms' fee earners the 1999 listing
Merger mania makes its mark in the second Property Week UK Fee Earners Survey.
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Markets
£150m Princes Dock enters second phase
The second phase of the £150m Princes Dock development in Liverpool is now under way. Building work on the 7,430 sq m (80,000 sq ft) office scheme is due for completion in late 2000. The work includes an £8m, five-storey office building and infrastructure works on the remaining 14.5ha ...
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News
London success lifts Burford NAV by 15%
Burford Holdings achieved a healthy 14.5% increase in net asset value last year, buoyed by the performance of its London properties. Like most of the December year-end results reported so far, the figures were well above analysts expectations. Burford s shares rose 8.5p to 107p on Monday. The ...
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News
Benchmark’s Stirling Square deal smashes 10-year West End rent record
Benchmark Group has secured the highest West End rent for a decade at its Stirling Square speculative office scheme near Pall Mall. US buyout specialist Kohlberg Kravis Roberts has signed for the 847 sq m (9,115 sq ft), paying £699.66/sq m (£65/sq ft) on a 20-year lease with five-yearly ...
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Markets
1,160 sq m pre-let due at Wirral business park
Well Court Developers and Fellgate Properties are close to a pre-let of around 1,160 sq m (12,500 sq ft) at their Plantation Business Park, Bromborough, on the Wirral. The first phase of the 6ha (10.6 acre) scheme, part of the Wirral International Business Park, is due to finish next ...
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