All Property Week articles in 21 November 2003 – Page 3
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Insight
Give them the chance to own commercial property
At last, the UK property industry is within touching distance of its Holy Grail. After seeing savers hammered by the collapse in share prices, the government is taking the idea of a tax-transparent property investment vehicle seriously. The establishment of a UK version of the US's real estate investment trusts ...
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News
London celebrates as law firms close in on deals
Law firms were set to conclude several deals in central London this week, with a series of longstanding requirements close to completion. But one legal deal hit a snag this week – US lawyer White & Case is back in the City market in its drawn-out headquarters search. SJ Berwin, ...
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News
Cathedral Group
Our piece on Cathedral Group’s fire station development in London’s Docklands, should have read that 114 flats have been sold off-plan.
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News
Newcastle United plans casino at St James Park
Newcastle United FC is to develop a massive mixed-use scheme alongside its St James Park stadium, in a joint venture with US hotel and casino company MGM Mirage. The scheme will include a 100,000 sq ft (9,290 sq m) Las Vegas-style casino, retail outlets, apartments, and a hotel. MGM is ...
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Professional
Case news
Negligent adviceGrosvenor 52 International Ltd v Julian Holy Julian Holy, a firm of solicitors, was instructed by Grosvenor 52 to act on the purchase of a building in Grosvenor Street, London W1, most recently used as a casino. The purchasers wanted to use the building as offices.Although planning permission was ...
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Markets
SEEDA buys second key site in Isle of Wight regeneration plan
Ambitious proposals for the regeneration of the Medina Valley on the Isle of Wight have made an important advance with the acquisition of a second key site by the South East England Development Agency ( SEEDA ). The agency has purchased an 8.21 acres (3.32 ha) site at Three Gates ...
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News
German bribes scandal hits JLL
Germany chief resigns after project managers are dismissed for taking 'backhanders'
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News
Brascan’s Canary Wharf bid boost
Brascan, the Canadian property and power conglomerate bidding for Canary Wharf Group, has the backing of two of the group’s shareholders. It has received letters of support for its 252p-a-share cash offer from Franklin Mutual Advisors, which has a 6.8% stake in Canary Wharf Group, and Swiss bank UBS, ...
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News
Close gazumped in bid for Carphone Warehouse HQ
Mobile phone retailer stuns Close Brothers with last-minute higher offer for west London building
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News
Muslim bank begins search for UK high street branches
Muslim bank the Islamic House of Britain is planning to open up to 15 high street branches in the UK. The branches will be the public face of what will become Britain's Muslim bank, offering products compliant with Sharia – the Islamic law. The bank has appointed agent Knight Frank ...
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News
Arts Council chooses Holborn for new HQ
Quango set to move from Victoria to Morley and Kirschel's scheme
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News
Scott joins LSH industrial arm
Ivan Scott has joined Lambert Smith Hampton as head of London industrial agency, responsible for the market within the M25. He was previously a director of industrial and investment in LSH’s Reading office.
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News
Sainsbury’s completes sale of development arm
Five sites and MD removed in renegotiated deal with Schroders, Deutsche and Catalyst consortium
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News
RICS council to vote on public list of arbitrators
The governing council of the RICS is to vote on whether to make its list of arbitrators public for the first time, after coming under increasing pressure from occupiers. The vote will take place at the next meeting of the RICS governing council on 1-2 December. The policy committee ...
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Professional
Applying the brakes
The Bank of England is playing a delicate, high-risk economic game with interest rates but this month's 0.25% rise is no reason to panic, argues Dennis Turner
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Markets
Green Apple award for Bellway
Bellway Homes and Ipswich Borough Council have won a Green Apple Award for their 1,000-home Ravenswood community on the 260 acre (105 ha) site of the former Ipswich Airport. They won the award, sponsored by the Environment Agency, for placing 'the protection and support of the natural environment right at ...
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News
‘Pornographic email’ allegations at CBRE
Nearly a sixth of emails between CB Richard Ellis employees in three US offices contain pornographic material, the lawyers building a class action sexual harassment case against the property services firm have alleged. Chicago lawyer The Wexler Firm this week released details of a survey by data recovery specialist ...
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Professional
Trouble in the aisles
A court battle between Safeway and Legal & General reflects the struggle between supermarkets and landlords over whether premiums count as rent.
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Markets
Technological advantage
The West Midlands' development agency is promoting science and technology park schemes and also has a hand in town and city-centre regeneration.
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