All Property Week articles in 20 February 2009 – Page 5
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Housing expert urges £6bn social housing drive
A new group chaired by Gordon Brown’s former housing adviser will warn the prime minister today that he must spend billions over two years to tackle the ever more desperate shortage of social housing.
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Baugur UK disquiet sounded in 2007
Auditors raises concerns over the financial viability of collapsed retail giant Baugur UK when reviewing the group’s 2007 accounts, it has emerged.
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Liberty rights issue threatened
Liberty International's plans for a £500m share issue are in doubt because of the volatility of its share price.
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Brown calls for end to 100% mortgages
Gordon Brown has signalled the end of the 100% mortgage as he calls for high-street banks and building societies to encourage more "responsibility" in the housing market.
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Laxey pushes Hirco for management revamp
Laxey Partners, Colin Kingsnorth's activist investor, has called an emergency meeting of the AIM-listed Indian property developer for a vote on overhauling the board.
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BAA ponders Stansted sale
BAA could stage a dramatic about-turn by selling Stansted, the Essex airport that handles 23m passengers a year and is the centre for no-frills airlines in Britain.
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South Bank tower to boast Channel view
The architects behind the bird’s nest Olympic stadium in Beijing want to create Britain's tallest apartment block offering sweeping vistas to the English Channel.
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Tesco admits to US errors
The head of Tesco’s US operation, Fresh & Easy, has said its early market research was mistaken and it may make big changes to the stores.
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Hundreds of property firms under threat
A group of business-recovery experts has warned that insolvencies in the commercial-property market may surge this year.
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Glenn Maud agrees major debt restructuring
Glenn Maud’s Propinvest has reached agreement with its lenders for the restructuring of an £801m portfolio of UK assets.
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Bulgarian Property Developments hits out against billionaire’s bid
Bulgarian Property Developments has once again urged its shareholders not to accept the £17.3m takeover bid by entrepreneur, Joe Lewis.
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High Court delays Menolly’s £150m 107 Cheapside buy
Irish property company Menolly’s £150m purchase of 107 Cheapside has been delayed by the High Court because of a dispute over its completion.
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Eurohypo suffers €1.4bn loss
Eurohypo, the property and public finance lender, made a pretax loss of €1.41bn (£1.23bn) last year due to the global financial market crisis.
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Glasgow’s Skypark spreads its wings
Glasgow City Council has given the go-ahead to expand city centre office campus, Skypark, by 330,000 sq ft.
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Knight Frank's Student Accommodation Reviews
With mainstream residential and commercial property under significant pressure, KF believse that the student accommodation sector offers investors and developers an attractive alternative opportunity.
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Glanmore Property Fund considers capital raising
The £977m Glanmore Property Fund is considering ‘a number of proposals’ to raise capital so that it does not breach its bank covenants.
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Workplace 2010 called off
The Northern Ireland government has axed the vast Workplace 2010 project, which would have seen it outsource the civil service estate.
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LandSecs refused planning consent for 1m sq ft Arundel Great Court scheme
Westminster Council last night refused to give planning consent to Land Securities plans for a 1m sq ft redevelopment of one of its largest London assets last night.
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Minerva’s Ram Brewery plans called-in
Secretary of State for Communities and Local Government Hazel Blears has called in Minerva’s plans for the 1m sq ft mixed-use redevelopment of the former Young’s Ram Brewery site in Wandsworth, London.
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Central London office market to begin recovery in 2010 finds Knight Franks' latest report
The central London office market is expected to emerge from the current downturn next year, as availability starts to fall due to fewer development completions and an improving economy in 2010.