All Property Week articles in 19 October 2007 – Page 2
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OnlineSchroders poaches BlackRock property head
Schroder Property has pulled off a coup by recruiting one of the UK’s best-known property fund managers.
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OnlineGE makes Russian debut
GE Real Estate has made its first real estate investment in Russia. The company has invested $50m (£25m) in Heitman Russia Property Partners, a new, seven-year fund which will have $150m (£75m) of equity. The other investors are two institutions and the fund manager Heitman itself. The fund will aim ...
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OnlineWho are the stars of the future?
Property Week is looking for the 100 property people aged 35 or under who will make the biggest impact over the next 10 years.
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Online
Wyeth takes pre-let at Green Park
Wyeth Pharmaceuticals has signed to take a 115,000 sq ft pre-let at Green Park in Reading – around ten months after first being linked to the park (PW, 01.05.07).
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News
Early Learning pays off for Mothercare
The Early Learning Centre acquisition and international expansion helped boost sales at Mothercare by more than a third in the second quarter of its financial year. Financial Times. The Daily Telegraph
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News
Baugur consortium in $3bn Saks talks
A consortium led by Icelandic retail investment group Baugur is considering a $3bn (£1.4bn) offer for American department store group Saks. The Times
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News
BT to build 120 wind farms
BT plans to develop 120 wind farms throughout the UK with the aim of generating a quarter of its own electricity by 2016. The Times. The Independent. Financial Times
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News
Barclays leave Intercontinental none the wiser
InterContinental Hotels Group met a representative of the Barclay brothers, its biggest shareholders, again this month, it has emerged. Financial Times
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News
Fiesta is over for Spanish property
Spanish property prices fell in 13 of the country’s 50 provinces in the thid-quarter, signalling an end to the decade-long boom. The Times
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News
Shoppers swayed by non-food price slashing
Data from the Office for National Statistics show that annual sales growth soared to 6.3% - the biggest rise for three years as stores slashed prices to lure shoppers in. The Times. The Independent. The Daily Telegraph. The Guardian. Financial Times
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News
David Lloyd sells Australian clubs
David Lloyd and his son Scott have sold their Australian tennis and leisure club business for A$80m (£35m) to KP Capital, a private equity firm set up by two former UBS investment bankers. The Times
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News
Mortgage lending reaches two-year low
Mortgage lending has fallen to a two-year low, data from the Council of Mortgage Lenders show today. The Daily Telegraph. The Times. Financial Times
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News
Dubai builds Orient-Express stake
Dubai Holdings, the investment arm of the government of Dubai, has built up a 9.2% stake in Orient-Express Hotels. The Times
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News
Cazenove downgrade sends property plummeting
There was further gloom for the property sector yesterday after JP Morgan Cazenove predicted further share price weakness. The Daily Telegraph. Financial Times
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News
Springbok in their step
Just back from South Africa, where the rugby-loving folk are in buoyant mood.
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MarketsSurplus to requirements
South Wales is finding giant offices and small lettings are not a good match.
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ProfessionalResponsibility for repairs
Question: We run a Jersey-based property company. Provided we hold board meetings offshore, why do we need to have directors who are resident in Jersey?
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Markets
Scottish retail rents slow
Scottish prime retail rents rose by only 0.7% in the year to May 2007, Colliers CRE’s In-Town Retail Report showed this week, raising fears that the market may be oversupplied.
