All Property Week articles in 20 November 2009 – Page 5
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Dubai developers see less negativity
A study into media coverage of the Dubai’s major real estate developers saw negative reports fall considerably by the third quarter of this year.
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UPP completes £115m University of Nottingham student housing deal
University Partnerships Programme (UPP) has completed a £115m student housing deal with the University of Nottingham.
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Lloyds to issue up to $13 billion of ECN securities
Lloyds Banking Group Plc, the U.K.’s biggest mortgage lender, will issue about $13 billion of enhanced capital notes, new securities designed to meet concerns that hybrid debt failed to absorb losses.
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Mixed picture on property funds
Europe’s real estate fund industry increased its assets under management last year in spite of the bursting of the property bubble, according to McKinsey, the consultancy.
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Rockspring buys distressed RBS assets
Rockspring, the property fund manager, has agreed to buy a portfolio of UK industrial properties from Royal Bank of Scotland in one of the first deals to take distressed assets from a UK lender.
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Private sector fall in commercial developments
A scarcity of private sector construction contracts contributed to a decline of nearly 20 per cent in the number of new commercial developments begun last month.
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OnlineElizabeth Taylor's debut theatre gets extension go-ahead
The theatre where Elizabeth Taylor made her London stage debut has been given consent for an extension as a part of a package of benefits arising from the Victoria Transport Interchange scheme.
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News
Queen's Speech 2009: the full transcript
On Wednesday 18 November, Queen Elizabeth II gave the Queen's Speech to both Houses of Parliament at the start of the new Parliamentary term, and the last before the general election next year.
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381 more First Quench wine shops to close
The joint administrators of First Quench, which trades as Threshers, Wine Rack, The Local, Haddows, Bottoms Up and Victoria Wine, this afternoon announced the closure of a further 381 stores.
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OnlineMORNING AFTER: The Saturdays light up McArthurglen's Cheshire Oaks
Girl group The Saturdays and popstar Basshunter turned on the Christmas lights at McArthurglen's Cheshire Oaks Designer Outlet centre last weekend.
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OnlineFREE drinks at RICS Scottish event
There are around 20 drinks vouchers available for those wanting to attend the RICS Matrics Early Christmas bash next week.
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Southern Cross pays down debt with care home sales
Southern Cross Healthcare has sold the freehold on two care homes for £12m in order to pay down debt on facilities of more than £50m.
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OnlineL&G signs three in Guildford
Legal & General Property has signed three new retailers at its Friary Street retail quarter in Guildford.
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LaSalle Investment Management buys the Bexleyheath shopping centre
LaSalle Investment Management has bought the Bexleyheath shopping centre in Kent from Capital & Regional’s and Aviva Investors’ Mall Fund.
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Aviva Investors takes over management of two Blackrock funds of funds
Aviva Investors Global Services has taken over the management of two of Blackrock’s property fund of funds.
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Disastrous New York deal restructured
The US real estate arm of Africa Israel Investments has tentatively agreed with creditors to restructure its disastrous acquisition of the former New York Times headquarters in a deal that will wipe out more than $400m debt.
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Top Aussie property chiefs bag A$64m
The listed property sector's 12 highest-paid chief executives earned a total of A$64m, including bonuses and incentives in a year when listed property companies accounted for half the losses of corporate Australia.
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Jumeirah targets Brazil hotels
Dubai's Jumeirah Group plans to open its first hotels in Brazil as rising incomes in Latin America’s largest economy and the 2014 World Cup and 2016 Olympic games generate demand, according to a report.
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Chile warming up
There are signs the 300-meter (984-foot) Costanera Center in Santiago tower may resume construction, signalling an economic recovery is also under way in Chile.
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Paris Court cancels order to make Metrovacesa to buy G2AM building
A French court annulled an order for Metrovacesa, Spain’s largest real-estate developer, to buy a Paris office building for €85 m, according to a regulatory filing.
