All Property Week articles in 20 March 2008 – Page 2
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News
HIPs are ‘expensive and do nothing to improve market'
Home Information Packs are misleading, expensive and do nothing to improve the process of buying a home, a report by the consumer group Which? has said. Daily Telegraph
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News
CanDu finds that it cannot
Candu Entertainment, one of the UK’s biggest independent nightclub operators, is to be put into administration in the next few days as the economic downturn ravages the ailing clubs and bars sector.
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News
Next warns of prolonged downturn
Simon Wolfson, the chief executive of Next has joined the chorus of retail bosses warning of a severe and prolonged downturn on the high street. Daily Telegraph
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News
Racecourse challenge fails
Sir David Sieff, chairman of Newbury Racecourse, has fought off attempts by its biggest shareholder to unseat him and other board members and halt redevelopment plans at an emergency meeting of shareholders. Financial Times
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News
New York braces for office glut
Financial companies are cutting back on their New York office space in response to the credit crisis, threatening the market with a flood of supply that could push up vacancies and push down rents, real estate brokers say. Financial Times
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News
Minerva Croydon jv could be ending
Minerva said that its joint venture to develop a 1m sq ft retail scheme in Croydon with Australian property company Lend Lease could be coming to an end. Financial Times
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News
DTZ to be 'significantly below' expectations
Property consultant DTZ warned that its full-year results would be “significantly below” market expectations, causing a slide in its share price yesterday. Financial Times, Daily Telegraph
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News
Fannie and Freddie cleared to pump in liquidity
US government chartered mortgage financiers Fannie Mae and Freddie Mac has received the goahead from their regulator to pump as much as $200bn of liquidity into the beleaguered US mortgage market. Financial Times
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News
MPs accuse Darling of Rock dithering
Alistair Darling has faced further criticism as MPs questioned his control of the public finances and compared the drawn-out salvage of Northern Rock unfavourably with last week’s snap sale of Bear Stearns. Financial Times
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Online
Colonial asset sale to ICD stalls over debt hurdle
Investment Corporation of Dubai’s plans to buy Spanish company Inmobiliaria Colonial’s E9bn (£6.9bn) investment property portfolio have stalled after Colonial’s major shareholders failed to agree a refinancing deal with their creditors.
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Online
Brixton directors leave as development slows
Two directors at West London industrial specialist Brixton are leaving the company as a result of its decision to freeze development.
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OnlineDeveloper selected for Grimsby Town Centre scheme
Developers Lindum Group and MF Strawson have been selected as the preferred developer for the Cartergate site in Grimsby Town Centre.
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Online
BPF’s Peace awarded CBE at Buckingham Palace
Liz Peace, chief executive at the British Property Federation, collected her CBE for services to the property industry from Buckingham Palace yesterday.
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Online
Manchester office market to withstand UK downturn says GVA Grimley
Occupational demand in Manchester will withstand the wider downturn in the UK property market, says GVA Grimley.
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OnlineModus gets green light in Stourbridge
Dudley metropolitan borough council has approved Modus' plans for the redevelopment of The Crown Centre in Stourbridge.
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OnlinePlans for £100m Birmingham scheme unveiled
Plans for the £100m mixed-used Pentavia scheme in Birmingham city centre were unveiled today.
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Online
Jones Lang LaSalle poaches BH2 partner
Jones Lang LaSalle has poached BH2 partner Dan Burn to join its City of London office agency team as a regional director. Burn has been at niche city firm BH2 since 1997 and has worked for clients including Invista, RREEF and Tishman Speyer. He will report to JLL’s head of ...
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MarketsTelford’s turnaround
Ambitious plans aim to transform the town’s flatlining centre into the beating heart of a community.
