All Property Week articles in 20 November 2009 – Page 3
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Japan's Anabuki Construction collapses
Japan property shares fell to a six-month low after developer Anabuki Construction Inc. filed for bankruptcy with 140 billion yen ($1.58bn) in debt, the nation’s fifth-largest corporate failure this year.
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Abu Dhabi limiting construction says Aldar
Abu Dhabi is limiting construction to avoid the housing glut and price declines that battered the real estate market in neighbouring Dubai, Aldar Properties chief executive John Bullough said.
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Stuyvesant Tenants could seek control of Tishman account
Tenants of Stuyvesant Town and Peter Cooper Village, the Manhattan apartment complexes facing default by landlords Tishman Speyer Properties and BlackRock Realty, may seek control of an account holding disputed rent payments.
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Hansteen makes takeover approach for Kenmore European Industrial Fund
Hansteen, the industrial property REIT, has made a preliminary takeover approach for the listed Kenmore European Industrial Fund (KEIF).
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Eatonfield Group revs up for huge Cumbria regeneration scheme
Cheshire-based developer Eatonfield Group has bought a 50% interest in an option to acquire a 265-acre site in Cumbria.
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DevSecs completes its purchase of Hammersmith Grove development site
Development Securities has completed its purchase of the 175 year lease for the 1.5 acre car park site at Hammersmith Grove from London Underground Limited.
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Kirsch counts up Minerva proceeds
Nathan Kirsh, the South African investor who last week launched a bid for Minerva, has so far made a profit of more than £16m from his stake in the London developer.
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CapitaLand joins India property boom
CapitaLand, the Singapore state-owned developer, is set to make one of the biggest bets by a foreign company on India’s retail property boom, investing in 15 shopping centres worth S$2.1bn ($1.46bn) in association with two Indian construction and property groups.
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Fitch raises alarm on European real estate
A leading ratings agency has warned of the difficulties of refinancing more than €66bn ($98bn) of securitised real estate debt maturing across Europe by 2014.
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Developer discounts spark buy-to-let spree
Investors are snapping up newly built flats in northern cities at substantial discounts, clearing out the unsold stock of several leading housebuilders.
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It’s time to buy commercial property, Edinburgh strategists say
First it was corporate bonds, then stocks. Now it’s time to buy commercial real estate in the U.K., according to strategists in Edinburgh advising on about 400 billion pounds ($663 billion) of assets.
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Conservatives hit back at planning figures
The Conservative Party has hit back at research by law firm McGrigors which found that Tory run councils were less likely to grant residential developers planning consent to build new homes.
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Graves Partnership bought out of administration
Construction consultancy Henry Riley has bought West Midlands property advisory firm the Graves Partnership out of administration.
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RICS to set up registration scheme for valuers next year
The RICS is to start a registration scheme for valuers next year after governing council gave the green light to plans this afternoon.
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My business tenant is in breach of its repair and maintenance obligations.
What remedies are available to me?
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Student Accommodation 09: We could see 'flatline growth' next year, says UNITE's Tonkiss
John Tonkiss, chief operating officer of UNITE Group, said today that we could see 'flatline growth' next year as the 'real recession' impacts on the UK populous.
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Eshton lets 213,000 sq ft at Burnley Bridge Business Park
Leeds-based developer Eshton Group has pre-let a 213,000 sq ft shed development to Findel, a home shopping, education and healthcare company, at Burnley Bridge Business Park.
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Isle of Sheppey masterplan through
The masterplan for the £400m regeneration of Queenborough & Rushenden on the Isle of Sheppey in Kent has been formally adopted by Swale Borough Council.
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Santander signs in Gateshead
Developers City and Northern and Robertson has signed three tenants to its Baltic Place scheme in Gateshead.
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Distressed property sales rise globally says RICS
More than 80% of 25 countries surveyed in the RICS Distressed Sales Monitor saw a rise in distressed sales in the commercial property market.