All Property Week articles in 20 February 2009 – Page 3
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Ex-Segro boss Heawood to manage Ashtenne Industrial Fund
Former Segro UK managing director John Heawood is to join Warner Estate Holdings to head the Ashtenne Asset Management division, which is responsible for the £820m Ashtenne Industrial Fund.
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OnlineMace to build Sellar’s Shard skyscraper
Mace Group has secured the contract to build one of Europe’s tallest mixed-use developments, the Shard at London Bridge Quarter.
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Baker Tilly signs in Hull
Baker Tilly, the accountancy and business advisory firm, has signed up to take the entire first floor of Hull’s Humber Quays office scheme.
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Government must stick to long term housebuilding targets
A select committee on housing said today that the government must stick to its long-term house building targets despite the credit crunch but called for a greater proportion of homes to be social housing.
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Property insolvencies set to surge, says Begbies Traynor
Commercial property company insolvencies will increase this year, according to business restructuring specialist Begbies Traynor.
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Critics warn on Obama housing plan
The Obama administration is trying to ensure its $275bn housing-relief program will help only genuinely needy homeowners, but some critics say that it will also aid those who don't need -- or deserve -- the help.
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Stanford link rattles buyers at troubled resort
Buyers trying to recover their deposits on an unfinished luxury resort have been shocked to learn a backer is under investigation by the SEC.
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No relief for rentals as Perth crashes
Perth house prices are in freefall after a fourth consecutive quarterly fall in the median price - something not seen in 25 years - but renters are yet to see any benefit.
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Oz home building stalled
Lack of finance and weak demand are behind the delays for approved residential construction projects proceeding to commencement, a survey says.
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Hong Kong IFC owner opposes tower plans
The consortium that owns the International Finance Centre complex in Central Hong Kong has demanded the government abandon plans for two commercial medium-rise developments in front of its property and instead turn the sites into open space.
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Gulf contractors eye public sector contracts
Construction companies are looking towards public sector building jobs as work in the private property market dries up.
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Lloyds to lend in return for interest break
Alistair Darling is set to drop the £480m annual interest bill charged to Lloyds Banking Group on a taxpayer loan in exchange for a promise by the bank to provide billions of pounds in extra mortgage funding and loans to small businesses.
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Councils set for £6bn hit from planning obligations
Local councils face a £6bn fall in contributions from property companies this year as developers halt work and renegotiate plans in the face of the industry’s worsening crisis.
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Taylor Wimpey seeks wider debt deals
Taylor Wimpey has told its lenders that it will seek to make holders of another set of eurobonds part of its debt renegotiations.
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Rock loses £1.4bn and rewards bosses
A fresh dispute over rewards for banker failure erupted yesterday as Northern Rock said that it was planning to pay bonuses to senior executives even as it reported a £1.4bn loss.
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Creditors fear Rock massive bond losses
Northern Rock’s bondholders fear they may lose billions of pounds under the nationalised lender’s plans to recapitalise the bank without any further taxpayer money.
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Balfour Beatty in US buy
The building group has bought RT Dooley, a construction company, for about $40m (£27.4m). Customers of Dooley, which is based in North Carolina, include Bank of America and Duke Energy, the gas and electricity group.
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Trump presses on with golf resort despite problems
Donald Trump is going ahead with development of a £1bn golf resort near Aberdeen even though Trump Entertainment Resorts, the casino company he founded, filed for bankruptcy last week.
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Dovey Estates begins construction in Bridgend
Cardiff developer Dovey Estates has started construction of a 60,000 sq ft superstore at the Waterton Cross retail park near Bridgend, Wales.
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Go-ahead for £40m Wales scheme
Swansea-based developer Hygrove Holdings has got the green light for the first phase of a £40m retail, residential and leisure scheme in Pontarddulais in south Wales.
