All Property Week articles in 20 August 2010 – Page 2
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Ray of light for CMBS negotiations
The £1.5bn ($2.3bn) debt restructuring negotiations of Four Seasons Healthcare have been running so long that some bankers jokingly call the UK care home operator “Eight Seasons”, the Financial Times reported today.
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Google signs in Dublin at East Point
Google has agreed a 40,000 sq ft office letting at East Point Business Park in Dublin. The search engine giant will employ 200 people at the park.
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Hansteen buys Kilmartin portfolio
Hansteen has bought a portfolio of secondary assets from some of collapsed property company Kilmartin’s joint ventures for £13.5m.
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DevSecs suffers 2.3% NAV decline
Development Securities suffered a 2.3% reduction in net asset value as a result of swap revaluations and dividends in the first six months of 2010.
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Minerva vs Kifin war of words continues
The battle of words over the management of Minerva resumed today when the developer’s largest shareholder issued a plea to other shareholders to help it oust the chairman and chief executive.
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BURA set for voluntary liquidation
The British Urban Regeneration Association (BURA) is set to go into voluntary liquidation, it has emerged today.
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OnlineMerlin confirms £18.5m Legoland hotel deal
Legoland owner Merlin Entertainments has confirmed it has agreed a deal for an £18.5m hotel to be developed at the Windsor theme park, as revealed by Property Week.
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Redevco buys in Jersey
Dutch property company Redevco has bought a Jersey mixed-use property for £19m.
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OnlineForty percent of Woolworths shops still empty
Forty percent of former Woolworths stores remain unoccupied, research from The Local Data Company has shown.
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OnlineRetail availaility at lowest level in 18 months, Cushman research shows
Retail availability has dropped to its lowest level in 18 months, research from Cushman Wakefield has shown.
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Nakheel pays $681m to contractors
Nakheel, a troubled Dubai-based developer, has paid Dh2.5bn ($681m) to trade creditors as it pushes towards agreement on Dh4bn in unpaid bills to contactors as part of the broader restructuring at Dubai World, its parent, the Financial Times has reported.
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Blackstone invests in Chinese housing
Blackstone, the US private equity group, has made its first significant investment in the booming Chinese housing market after agreeing a deal with one of Hong Kong’s largest property developers to build luxury apartments in the country, the Financial Times reported today.
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Moorfield and Grainger form equity release jv
Moorfield has bought a 50% stake in Grainger’s equity release investment business Sovereign Reversions.
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GIC eyes property assets IPO
Singapore’s main sovereign wealth fund is close to giving the go-ahead for an initial public offering of a parcel of Asian industrial property assets that could be the biggest IPO in the city state for nearly two decades, the Financial Times reported today.
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OnlineDesigual to open on Oxford Street
Spanish clothing retailer Desigual is to open a new store in the current Disney shop on London’s Oxford Street.
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CBRE Investors buys three retail properties
CBRE Investors has bought three retail properties from a joint venture between AEW Europe/Tristan Capital partners and Mountgrange Investment Management for £15.3m.
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CABE Review: Tesco, Hattersley
Plans for a 94,000 sq ft Tesco supermarket in Hattersley. Designed by Faulkner Brown Architects
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Tesco's Hattersley plans "extremely disappointing" says CABE
Government architecture watchdog CABE has delivered a damning review of plans for a new Tesco store in Hattersley near Manchester.
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Westex Carpets buys Yorkshire mill
Westex Carpets has bought Calder Bank Mills in West Yorkshire from BDO, the administrators of former owner S.Lyles Sons and Co, for an undisclosed sum.
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OnlineTower 42 sale scrapped
Tower 42 is no longer for sale after talks with a potential buyer for the 600ft skyscraper ended this month.
