All Property Week articles in 21 December 2007 – Page 2
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London Town buys pub group
London Town, the AIM-listed pub company backed by property entrepreneurs Jack Petchey and the Richardson brothers, has expanded its pub portfolio.
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OnlineOffice property market pummelled says research
Investors who bought office buildings in the south-east of the UK at the top of the property bubble this year are nursing paper losses of up to 26% in a striking example of how quickly the market has turned according to the Financial Times and The Times.
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Hortons poaches estate manager
Midlands based investor and developer Hortons’ has appointed an estate manager to take control of the asset management side of its business.
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OnlineLipton fears 1990s style property crash
Sir Stuart Lipton says there could be a repeat of the last property crash.
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News
Camper & Nicholsons in Grenada buy
Campers & Nicholson, the AIM-listed marina developer, has bought Port Louis Marina in Grenada for $24m (£12.1m) from companies controlled by Peter de Savary. The Times
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News
Hong Kong mortgage high
Mortgage approvals in Hong Kong reached their highest level since the Asian financial crisis last month as the territory’s already buoyant economy continued to benefit from its link to US interest rate policy. Financial Times
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News
US mortgages slide
Mortgage application in the US showed a 7.6% slide in home loan requests in the week to December 21, the lowest reading since the end of last year, according to America’s Mortgage Bankers Association.The Times
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News
Westfield Group shelves sale
Westfield Group has shelved plans to sell out of its £530m UK shopping centre fund, having failed to find a buyer after a six-month long search. The Times
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News
Forces personnel to get housing help
Serving soldiers and other members of the Armed Forces will be given help to buy a new home. Daily Telegraph
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Housing market still adrift
The housing market remained in the doldrums in November, with mortgage approvals more than 40% below their level of the previous year, according to the trading body that represents Britain’s largest banks. Financial Times, The Times, Daily Telegraph, Independent, Guardian
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Credit crunch delays £309m Westfield sales
Shopping centre giant Westfield has delayed plans to sell more than A$700m (£309m) of property in the wake of the credit crunch.
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OnlinePuma snaps up 'edge-of-town food discount' portfolio in Germany
Puma Brandenburg, the AIM-listed German property investor, has bought a portfolio of Lidl stores for E108.4m (£79m).
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Marina company sails into Grenada
AIM-listed Camper & Nicholsons Marina Investments has bought a marina in the West Indies being promoted by leisure entrepreneur Peter de Savary.
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Maxted closes in on Gresham House
Directors of Gresham House, a 150-year-old investment trust, will face a vote on their removal at a meeting next month, after a requisition from Parkwood Property Investments, the investment vehicle run by Robert Maxted according to the Financial Times
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News
Deutsche Land in portfolio buy
Deutsche Land has bought a portfolio of 16 shop properties in Germany for €69 million (£50.1 million) on a net initial yield of 6.4%, as part of its strategy of buying established food-led retail centres. The portfolio was acquired with financing in place, giving an 8.4 % return on equity. ...
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News
Dubai nets $1bn for New York tower
Dubai’s Istithmar has sold 230 Park Avenue to a group including a fund managed by Goldman Sachs for $1.15bn (£580m), its second New York property sale in less than two months. Daily Telegraph
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News
Delek buys German dozen
Delek Global Real Estate the Israeli-backed property investor, has acquired 12 supermarkets in Germany from Metro for €243 million. It said that under the sale and leaseback deal, Real, the Metro subsidiary, will lease ten of the supermarkets until 2022 and the other two until 2020 and 2021 at an ...
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News
Darling attacked over Rock dithering
Politicians have rounded on the Treasury's pledge to underwrite the £50m of fees run up by bankers, lawyers and accountants for managing the crisis at Northern Rock. Daily Telegraph
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US house prices continue plunge
US house prices are falling at a record rate, intensifying fears that the sub-prime mortgage crisis has led to a more widespread housing slump that could further weaken America's economy. Daily Telegraph, The Times
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High streets lose 3,000 traditional shops in seven years
The dramatic decline of the traditional British fishmonger and butcher has been laid bare, with official figures showing that nearly 3,000 have gone out of business or quit the industry in the past seven years. Daily Telegraph
