All Property Week articles in 19 March 2010 – Page 13
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Westbrook in Millennium swoop
Mixed-use developer Millennium Partners has sold a two-thirds ownership interest in three of its luxury hotels to real-estate investor Westbrook Partners for $100m, in a deal that saves the Four Seasons San Francisco from possible foreclosure.
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Kenedix to pump $332m into property funds
Kenedix, Japan’s biggest publicly traded real estate asset manager, said it will invest 30 billion yen ($332m) in Japanese properties this year through two new funds, to take advantage of price declines.
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Japan commercial land prices hit record low
Japanese commercial land prices fell to the lowest in at least 36 years as developers faced tighter credit markets and the recession discouraged buyers.
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Savills cautious after 24% drop in 2009 profit
Savills today reported a 24% drop in underlying pretax profit for 2009 and cautioned that its performance for this year would be similar.
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Sainsbury’s plans a green future
Sainsbury’s has set up a partnership with Imperial College to reduce the carbon footprint of its stores.
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Cushman reveals “shift in mood” at disappointing auction
Cushman & Wakefield auctioneer John Townsend said there was a “noticeable shift in mood” at his firm’s auction last week with cash buyers becoming more selective in what and where they would buy.
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Derwent London reports strong 2009 figures
Derwent London, the largest London-focused office REIT, today revealed a strong set of results for 2009.
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Schroders buys in Switzerland and Italy
Schroder Property has bought the Via XXV Aprile4 shopping mall in Winterthur, Switzerland for its Schroders ImmoPLUS listed property fund.
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MIPIM 2010: Leeds Arena images unveiled
Images of the new Leeds Arena were unveiled at MIPIM today.
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Argent's Roger Madelin does 1,500 km in one blog
Day 1: MIPIM started for me last Thursday at 0500 hrs in Richmond. A taxi ride to the office, collect bike and then on to Greenwich Park. Gee, it feels cold and my left knee feels like someone has hit it with a hammer.
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MORNING AFTER: Inteco's spectacular MIPIM gala party
These spooky looking performance artists on stilts took centre stage last night at a spectacular gala party in Cannes hosted by one of Russia's biggest developers, Inteco.
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Cordea Savills buys Twickenham retail park
Cordea Savills’ Charities Property Fund has bought the Apex Retail Park in Twickenham for £14.4m.
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MIPIM 2010: INREV says UK institutional investment to grow
Non-listed property funds will benefit from an increase in UK pension funds looking to invest money in real estate over the next three years, according to the European Association for Non-Listed Real Estate vehicles (INREV).
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Thames Valley investors call for leader
Thames Valley needs a figurehead to promote the region as it tries to emerge from the downturn.
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Aerium buys Allied London’s 3 Hardman Street
Aerium has bought 3 Hardman Street in Spinningfields, Manchester for £183.4m.
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MIPIM 2010: Developers urged to act now to take advantage of Olympic boost
Andrew Altman, chief executive at the Olympic Park Legacy Company, told MIPIM delegates that the window of opportunity to capitalise economically on the 2012 games will close quickly once they have ended.
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MIPIM 2010: LDA starts hunt for East London development partners
The London Development Agency (LDA) has launched a search for development partners on six major sites in east London, from the edge of the Olympic Park through to Royal Docks and Rainham, Essex.
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Urbo’s Chesterfield Waterside project given green light
Chesterfield Waterside, Urbo’s £300m regeneration project has been granted consent by Chesterfield Borough Council.
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MIPIM 2010: Birmingham airport close to securing funding for runway extension
Birmingham is close to securing the last piece in the funding jigsaw for the long awaited runway extension at Birmingham International Airport. It could be put in place at a full board meeting of the airport’s directors in April.
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MIPIM 2010: UK is strongest Euro sheds market
Britain was the best performing industrial investment market in 2009, according to Jones Lang LaSalle research published at MIPIM today.