All Property Week articles in 21 May 2010 – Page 3
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Osborne includes property in £6.2bn savings plan
Chancellor George Osborne has announced £6.2bn of savings the government wants this financial year, including £170m savings from property.
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New fund for Iraqi development
Two new funds have been launched aimed at financing development in Iraq, the Times has reported
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Marriott plans to double hotels in China
Marriott International is planning to double its hotels in China over the next five years, Bloomberg reported today.
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US lenders plan to sell $2bn of distressed loans and properties
US commercial real estate lenders Wells Fargo & Co and LNR Property are each looking to sell around $1bn of distressed commercial real estate loans and assets, Bloomberg reported today.
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Board changes at Warner Estates
Warner Estates has promoted its two top directors as executive chairman Philip Warner moves to a non-exec role.
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Cineworld to open next to Wembley stadium
Cineworld is to open a cinema next to Wembley arena, it was announced today.
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European Central Bank starts work on £740m headquarters
The European Central Bank has started work on a £740m headquarters despite the debt crisis hitting the eurozone, the Sunday Times reported yesterday.
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Cinven plans to offload hospitals before setting Spire afloat
Cinven, the private equity owner of the private hospital chain, has appointed the property agency DTZ to sell seven of its thirty-seven hospitals so that it can reduce its debt and emerge as a leaner operation.
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Hong Kong site sells for $170m as government battles rising prices
A building site to the north of Hong Kong was today sold for HK$1.33bn ($170m), Bloomberg reported.
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'Stitch-up' over Crest Nicholson could cost taxpayers, say suitors
Bidders circling troubled housebuilder Crest Nicholson have warned they are being prevented from making offers for the company in a "stitch-up" that could eventually hit taxpayers.
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Barrie blogs on development 'moratorium'
I am hearing increasingly fearful whispers that Chancellor George Osborne might announce an immediate freeze on all publicly-funded development on Monday.
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Professional
I own a property which has been vacant for some time.
It probably needs to be refurbished before I can let it. Are there any tax incentives available for doing this?
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Colliers regains Winnersh contract
Colliers CRE has been re-instructed as letting agent at Segro’s IQ Winnersh business park in Slough.
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Five more sign at SouthGate Bath
Multi Developments and Aviva Investors SouthGate in Bath has signed up further retailers.
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CACI finds Glasgow’s retail strong
CACI, the retail research company, has released its annual ranking of the UK’s top retail destinations.
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Barracks withdrawal followed Johnson opposition, court hears
A decision to withdraw the Chelsea Barracks application was taken after indications from London mayor Boris Johnson that the scheme would be refused, the High Court heard today.
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Professional
I am the supervising officer on a project in early stages of construction.
I think that the structural concrete is defective. The contractor disagrees. Can I insist on it being ripped out and redone or even terminate the building contract?
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Professional
I appointed an expert a year or so ago however his conclusions were not helpful.
I have subsequently issued court proceedings and need to appoint another expert. The defendant has asked to see the initial expert report. Can the Court order me to hand this over?
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Jodrell Bank scheme gets £3.1m from NWDA and EU
Jodrell Bank Observatory in Manchester has secured £3.1m public sector funding to kickstart the redevelopment of its Science Discovery Centre.
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BLOG: Hawksworth's six point plan for retail success
Capital & Counties chief executive Ian Hawksworth gave a six point plan for success at today’s London Retail Summit.