All Property Week articles in 21 November 2003 – Page 2
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News
Morrisons to lease huge Kettering shed
Supermarket set to sign up for 850,000 sq ft at Gazeley's Latimer Park
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News
Retail helps LandSecs to solid half-year results
Land Securities ' shares soared to their highest price for 18 months on Wednesday after the company reported a solid set of half-year results in difficult market conditions. Its adjusted net asset value rose 4% to 1264p a share in the six months to 30 September, pleasing the City and ...
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News
Rent review guru headhunted
Strutt & Parker has poached one of the best-known names in the City of London rent review market from CB Richard Ellis . Chris Pickering, who was a director at CBRE with 20 years’ experience, is joining as a partner working alongside David Todd.
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News
Have we got news for you
Tickets are selling fast for the Leisure Property Awards dinner on 2 December, which will be hosted by former Have I Got News for You presenter Angus Deayton. Contact CreatEvents for tickets on 0870 2419 902.
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Markets
Science faction
Housebuilders may not like it, but the BBC's Pebble Mill building has been designated part of the latest science park scheme backed by the Midlands development agency.
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News
Kwik-fit for empty factories
Kwik-fit founder Sir Tom Farmer’s company Morston Assets has bought two vacant factories totalling 525,000 sq ft (48,774 sq m) for £6m. The two former foundries in Coatbridge, near Glasgow, and Crewe in Cheshire, have been bought from the administrators of Sheffield Forgemasters Rolls. The Meadow Works site in Coatbridge ...
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News
UDC for east London
An urban development corporation (UDC) is to be set up in the Thames Gateway. The UDC will cover Stratford City, the Lower Lea, Royal Docks, Isle of Dogs, Greenwich peninsula, Deptford Creek, Barking, Dagenham, Woolwich and Thamesmead. It is being established to push forward the government's sustainable communities plan to ...
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Markets
Eade on: Holding the Fort
Fort Dunlop, one of Birmingham's biggest industrial landmarks, is finally in line for redevelopment after years of dereliction
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News
Standard Life to set up private fund duo
Private investors set to gain from £154m commercial portfolio in first new fund
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News
Lewis steps down in Freeport pay revolt
Shareholders reject report and force out remuneration committee chair
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Markets
Surrey delight
After months of inactivity, occupiers are coming back to the Surrey market, with 400,000 sq ft of deals close to completion.
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News
Pillar secures debt facility for Euro park fund
Pillar Property has secured an initial ¤150m (£105m) debt facility with Eurohypo for its ¤500m (£350m) European retail park fund. The syndicated facility, arranged by Eurohypo's real estate investment banking division, will rise to ¤300m (£210m) as the fund gets bigger. The loan can be used by Pillar to ...
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News
Wickes signs second-largest shed deal
CIS has signed up Wickes for a distribution warehouse in Hemel Hempstead, Hertfordshire, in what is the second-biggest shed deal in the south-east this year. Wickes, the second-largest DIY business in the UK with 430 stores, signed up last week for the 130,000 sq ft (12,077 sq m) Maximate building ...
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Professional
The Land Registry cries freedom
There is little reason to fear more information going public
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News
Next takes space at Crayford park
Aberdeen Property Investors has let 10,000 sq ft (930 sq m) at its Tower Retail Parkin Crayford to Next. Next has signed a 15-year lease for the retail warehouse and is paying a rent of £250,000 a year. Green & Partners acted for API and Next was represented by ...
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Markets
High hopes fall flat in Crawley
There were high hopes of a surge in office activity in Crawley earlier this year, but the amount of deals transacted has been a bit of an anticlimax. After the 22,000 sq ft (2,043 sq m) CP Ships deal at City Place earlier this year, significant deals thought to be ...
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News
West Coast view: Roger Vincent
As the UK contemplates the introduction of tax-transparent property vehicles, it may be worthwhile looking at how they are faring in the massive commercial property markets of California and the rest of the US. In short, the real estate investment trust ( REIT ) industry here is doing very well ...
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News
Sale prompts Old Mutual City disposal
South African financial services company Old Mutual is vacating Millennium Bridge House in the City of London, after selling its stockbroking business Gerrard to Barclays . The 200,000 sq ft (18,580 sq m) building, one of the largest secondhand additions to the City market this year, is being put on ...
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News
Chelsfield MBO offer delayed once more
Elliott Bernerd's management buyout offer for Chelsfield has been delayed for a second time. Chelsfield's independent directors, led by Sir Bruce Macphail, announced on Wednesday that the offer from the Bernerd consortium, originally due in October and then put back to November, had now been delayed until December. The ...
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