All Property Week articles in 21 May 1999 – Page 2
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News
Green tax to fund transport
The government is planning to create a Green tax system to raise extra funds for improved public transport and infrastructure projects connected with sustainable development, writes John Lewis. The White Paper, A Better Quality of Life, suggests that we need to investigate new ways to shift the ...
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News
Hammerson signs up Shearer for Exeter goal
Hammerson has teamed up with Shearer Property Group to carry out a large shopping centre and leisure development in the centre of Exeter. The two companies are believed to be investigating plans to redevelop a site bounded by Paris Street and Sidwell Street and including ...
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Professional
Global enterprise
The first new offices for 20 years in Accrington have been created by converting an old industrial building. Christine Eade reports on a scheme that shows even the most dormant commercial markets can be revived
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News
Rivals unite to develop Leeds
Rival developers USS and Tops Estates are to hold talks to discuss redeveloping large swathes of Leeds city centre s retail hub. USS has already held pre-application talks with Leeds City Council about creating a scheme that could total as much as 46,450 sq m (500,000 sq ft), while ...
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News
Parliament extension faces the critics
Portcullis House, the Westminster parliamentary extension dubbed the most expensive building in Europe, came under intense criticism at the British Council for Offices conference in Glasgow last week. Architects Michael Hopkins & Partners and engineers Ove Arup faced queries about the decision to plan the ...
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News
Creston turns up heat in council row
Creston Land & Estates goes to court next month seeking an injunction against one of its tenants, Hammersmith & Fulham Borough Council, to prevent it from obstructing efforts to carry out repair work on the council building s heating system. At a court hearing on 18 June, the property company ...
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News
Soros hunts company stakes in global push
George Soros, the international financier, is to spearhead his push into property investment by taking stakes in real estate businesses. In an interview with Property Week, managing partner of Soros Real Estate Partners Richard Georgi, who is fronting the drive, said: Generally we will not be investing directly ...
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News
Lipton to lead new commission
Eyebrows were raised at this week s announcement that Stanhope boss Stuart lipton would be chairman of the new Commission for Architecture and the Built Environment. Although Culture Secretary Chris Smith had effectively ruled out the appointment of an architect, the choice of a developer was a surprise. ...
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News
Government clamps down on planning delays
The government this week announced plans to significantly cut costs and delays caused by public inquiries into major infrastructure projects, writes John Lewis. The move follows the 524-day inquiry into Heathrow s proposed Terminal 5. In the consultation paper, Streamlining the Processing of Major Projects Through the Planning System, planning ...
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News
House of Fraser spots gap in City retailing
House of Fraser and Grosvenor Estate Holdings are working on a feasibility study that will make or break the City s first department store at 68 King William Street, EC4. The retailer is in pole position to pre-let the proposed department store once Grosvenor concludes its three-way discussions with ...
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News
Trefick buys Warner stake
Trefick, the Isle of Man investor with stakes in nine of the smaller property companies, has added another holding to its stable, Warner Estate Holdings. Trefick this week revealed that it has snapped up 1.18m Warner shares, equivalent to a 2.3% stake, which increases its stake ...
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Professional
The new generation of commercial buildings
Appraising modern commercial buildings An appraising team needs to consider three main issues: how the building was designed to perform, how it performs and how this will suit a new occupier In modern buildings a 'logbook' may include the original brief, as-built drawings, health and safety data, ...
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News
Stockley Park site offered at benchmark rent
Cisco, the US computer network company that signed this month for 4 The Square at Stockley Park, near Heathrow, is preparing to take the site being developed next door at a Benchmark rent. Sources said CISCO has an option to take 6,680 sq m (73,000 sq ft) at ...
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News
Hammerson to offload prized Bedford estate
Joint venture partners Hammerson and Standard Life are set to offload one of London s last remaining estates the Duke of Bedford Estate for £105m. The sale is part of Hammerson s emerging strategy of concentrating on large retail schemes and high-quality office developments ...
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News
Scottish bank moves to Brum
Birmingham s 55 Temple Row is set to become the new base for Bank of Scotland, after 30 years as the Bank of England s Midlands head office. The Pilton Group s mixed-use development is understood to be under offer to the Scottish bank, which will take 1,300 sq m ...
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News
Orion attracts initial funding
Orion Capital Managers has kick-started its $1bn European Real Estate Fund with a $100m (£60m) commitment from US-based Travelers Insurance Company, which is part of Citigroup. Former LaSalle directors Bruce Bossom, Van Stults and Aref Lahham set up Orion last month in order to invest in western ...
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