All Property Week articles in 20 March 2009 – Page 2
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Expert says ruby valuation signature is forged
A valuation certificate for 'The Gem of Tanzania', a huge ruby supporting the creditworthiness of failed civil engineer Wrekin Construction, was forged, according to its purported signatory.
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'Toughest' rent day stokes retail fears
Retailers will today pay out hundreds of millions of pounds in rent, leading to fears that some may be taken under by the burden of this quarter’s upfront payments as trading continues to slow.
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GIC buys ProLogis Asian properties
The property division of the Singapore Government said that it had bought the ProLogis warehouse operations in China and Japan for about $1.3bn (£880m). It is also about to complete the $140m purchase of ProLogis Park Misato near Tokyo.
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Atisreal reports profit
The European commercial property group, based in France, which is shortly to become BNP Paribas Real Estate, announced that it had made full-year fees of €666m (£614m) and reported a €138m profit.
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Report undermines eco-town plan
Gordon Brown’s plans for a generation of 10 new 'ecotowns' have been further undermined after their financial prospects were questioned for the first time by the government’s own advisers.
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Jessops promises it will pay rent in full and on time
Jessops, the camera retailer, has confirmed it will pay its rent in full and on time this week.
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OnlineRobert Peto gets RICS top job
DTZ’s Robert Peto has been elected as RICS president-elect for the 2010/11 period beating Aston Rose’s director of valuation Duncan Preston in a competitive election.
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ProLogis concludes sale and reduces debt
ProLogis has completed the first raft of a number of measures – including sales and debt renegotiations – designed to shore up its balance sheet.
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OnlineKnight Frank's Madrid Office Report Q 2008
Office take-up in Madrid reached 496,100 sq m in 2008, a sharp fall of 43% from the previous year’s record result. This returns the market to approximately the level of take-up last seen in 2003.
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Eaton launches opportunity fund
Eaton Investment Management is to launch a £20m opportunity fund for private investors to capitalise on ‘exceptional market conditions’.
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Peskin joins Internos
Richard Peskin, the former chairman of Great Portland Estates, is to join Internos Real Investors as a capital partner.
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OnlineMORNING AFTER: VERTICAL RUSH
More than 600 people last week ran, walked or staggered up the 920 steps of the City of London’s Tower 42.
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Logistics occupiers are seeking cost savings, CBRE says
Logistics occupiers across Europe are cutting costs but there is still demand for the best quality space as tenants look to operate more cheaply and efficiently in modern buildings, according to CB Richard Ellis’s latest report.
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OnlineWestfield London gets five more retailers
Westfield, the world’s largest shopping centre owner, has signed up five retailers at its Westfield London shopping centre.
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Kitchen La Frenais Morgan wins three new letting instructions
Retail agent Kitchen La Frenais Morgan has been appointed letting agent on three new schemes.
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Primary Health Properties raises capital
Primary Health Properties has raised £3.7m through a share placing to be used to bolster working capital.
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Delek Global Real Estate to delist
Shareholders of Delek Global Real Estate have been told that the AIM-listed developer will be taken private by its parent company, Delek Belron International.
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Hypo bailout turns into high stakes game of bluff
Before going through with its plan to nationalise beleaguerd Hypo Real Estate, the German government must first try to buy the shares of the ailing mortgage lender. An offer is being prepared -- much to the delight of speculators.
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China pension fund backs property stocks
The national pension fund has bought heavily into mainland-listed developers in an attempt to boost confidence in the real estate sector as Beijing strives to buoy the economy.
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China Overseas Land revives $800m mainland real estate fund
China Overseas Land & Investment has revived a plan to launch a real estate fund management unit to raise as much as $800m for investment in the mainland property market.
