All Property Week articles in 20 August 2010 – Page 7
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Insight
After last year’s oasis, this year’s a bit of a blur
A year ago UK property people returned from their summer holiday with a spring in their step. Having endured a torrid couple of years, the market had begun to bounce back rather nicely
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Markets
Smith to advise Bilsdale board
Fraser Smith, director at Glasgow-based retail agency Smith Cole Wright, has been appointed to advise the board of Bilsdale Properties on its property portfolio in Scotland
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Markets
Miller just adds water to mitigate Glasgow’s office shortage
Lack of space in city centre pushes developer to buy waterfront site
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News
Lease accounting changes could put UK at disadvantage
Changes to the financial reporting of leases that require occupiers to record lease liabilities on their balance sheets in full were outlined this week.
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Insight
Lease is no longer more under new accounting regime
After more than 10 years’ gestation, this week brings the publication by the International Accounting Standards Board (IASB) of a draft standard on lease accounting, which heralds the end of what is probably the oldest form of off-balance sheet accounting
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Professional
Royal green accounting prerogative
Prince of Wales posits international sustainability standards for accounts
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Markets
Aberdeen strikes Bon Accord
Land Securities and British Land are to embark on a £6m refurbishment of their Bon Accord shopping centre in Aberdeen early next year.
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News
RBS 'works out' £75m of Welsh properties
Bank subsidiary West Register buys 30 Roy Thomas assets out of receivership
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News
London & Stamford founders’ £55m REIT payout
London Stamford Property has revealed details of its conversion to a REIT and the £55m it will pay to buy its founders out of their management contract.
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News
Prologis European's new €50m loan
Prologis European Properties (PEPR), one of Europe’s largest owners of modern distribution facilities, has finalised a new €50m, three-year, unsecured revolving loan, arranged by Deutsche Bank, Morgan Stanley and the Royal Bank of Scotland.
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News
Hypo to shift €210bn of assets into ‘bad bank’
Nationalised German lender Hypo Real Estate will complete the planned transfer of around €210bn of “toxic” assets into a “bad bank” by the end of the year
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Professional
Auctions take five … 21st-century marketing methods
In the age of the internet, auctioneers have found ever more creative ways to reach their target audience
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Markets
‘Year of the landlord’ to extend through 2011
Tenants are bracing themselves for rent rises over the next year, judging by homes search website Rightmove’s latest consumer confidence survey.
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Insight
20-30-40-50: Upstream associate director Alex Edds
Every week, we meet a property person from a different age group. This week, Richard Heap meets 31-year-old globetrotter and one-time male model Alex Edds
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News
Gourmet Burger Kitchen relishes O2
Gourmet Burger Kitchen has taken the 3,000 sq ft former Jimmy Monaco’s Love Burger restaurant at the 02 in Greenwich, paying £150,000 a year. Shelley Sandzer advised GBK.
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Markets
Slough consolidation leaves O2 better connected
Telecoms company cuts costs and emissions in a £20m relocation within Slough
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News
Antiques shop's valuable £17.8m sale
London Associated Properties has sold the 65-year head lease of the former Antiquarius antiques shop on London’s King’s Road to Cadogan Estates Property Investments for £17.8m
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Professional
Fladgate's sweet 16
Law firm Fladgate last week completed its relocation to Henderson Global Investors’ scheme, New Brook Buildings, at 16 Great Queen Street near London’s Covent Garden
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Markets
King’s G1 finds shelter in St Andrews restaurant
Stefan King’s G1 Group is to open a restaurant and deli in St Andrews in March next year
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Online
CLS reports strong results despite currency impact on valuations
European property investment company CLS Holdings delivered strong operational results today, despite weak currency having a negative effect on its portfolio valuation.