All Property Week articles in 21 May 1999 – Page 3

  • News

    Securitisation lobby to allay taxation fears

    21 May 1999

    An all-industry group last week pledged to lobby the government on the introduction of a securitised property trading environment, by emphasising its positive tax implications. Representatives of the British Property Federation , the RICS , the Investment Property Forum and the Association of British Insurers agreed ...

  • News

    Tishman Speyer makes first Spanish acquisition

    21 May 1999

    US developer Tishman Speyer is to take its first stride into the Spanish property market with plans to create a mixed-use scheme close to Heron s Las Rozas Heron City in Madrid. Tishman has bought 40,000 sq m (430,560 sq ft) of the 56,800 sq m (611,395 sq ft) ...

  • News

    Growth accelerates across all sectors

    21 May 1999

    All property sectors showed improved capital growth in April, according to the latest Richard Ellis St Quintin Monthly Index. All-property capital growth rose from 0.2% in March to 0.4% in April, although annual capital growth slipped back from March s exceptional 2.9% to 2.6%. The three-monthly annualised all-property rate of ...

  • News

    Greycoat’s fate remains sealed

    21 May 1999

    The deadline for investors interested in lodging a sealed-envelope bid for Greycoat passed on Wednesday afternoon. As Property Week went to press, it was unclear how many bids had been submitted, but it is thought that many parties have been put off by the sealed-bid process and ...

  • News

    LDP bid aims to double London’s Euro grants

    21 May 1999

    London could more than double its quota of European grants, following a bid from The London Development Partnership to secure more urban regeneration funding. The LDP, which is paving the way for the new London Development Agency, wants to broaden the EU s Objective 2 status for key urban ...

  • News

    US giant’s investment strategy shows cracks

    21 May 1999

    Security Capital, the giant US real estate group, is seeing the first cracks appear in its strategy of investing heavily in small, specialist property operators. Homestead Village, an operator of extended-stay lodging facilities in which Security Capital has a 70% stake, warned last week that it expects to take $65m ...

  • News

    £200m RDA cash under threat from Euro probe

    21 May 1999

    The eight Regional Development Agencies, dubbed England s economic powerhouses by the government, could be starved of up to £200m in funding, because of European Commission intervention. Brussels this week ordered a freeze on the transfer of an English Partnerships grant regime Partnership Investment Programme ...

  • News

    CSFB experts slam FRS13

    21 May 1999

    The Controversial new accounting standard FRS13, which requires companies to mark their debt to current market value, is overly simplistic and will face the same pitfalls as current cost accounting did , claim Credit Suisse First Boston s property analysts. Companies financed by long-term, high-coupon, fixed-rate debt ...

  • News

    £1.4m profit on Horizon for FPDSavills

    21 May 1999

    FPDSavills has netted nearly £1.4m profit from its second major sale through its co-investment vehicle, Grosvenor Hill Properties. The company has sold 93 George Street in Edinburgh to Horizon Developments, a joint venture between Bank of Scotland and Teesland, for £4.5m. The deal represents a net initial ...