All Property Week articles in 21 November 2008
View all stories from this issue.
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Online
APC Advice - Week 20: Nine-month supervisor review (part 4)
Jon Lever concludes his four-part look at the nine-month meeting, and Ben Elder looks at the competency on contaminated land
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Online
Carpathian sells Polish shopping centres to Pradera fund
Carpathian, the AIM-listed central and eastern European retail investor, has sold three shopping centres in Poland to the Pradera Open-Ended Retail Fund for €40.2m.
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Online
IPD: US property values rise 3.2% in third quarter
US commercial real estate has continued its rebound with an improved capital growth of 3.2% in the third quarter, according to Investment Property Databank’s US Quarterly Property Index.
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Online
Metric buys Scottish retail park
Metric Property Investments has exchanged contracts to buy a retail park in north east Scotland for £10.3m.
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News
Insurance industry: take more action, says report
ClimateWise warns for greater adherence to climate change in the property and insurance industries
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News
Event tackles basics of green roofs
Conference discusses the vital importance of implementing design strategies for eco standards
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Builders beg for federal aid
Struggling U.S. auto makers left Washington empty-handed after weeks of pleading for a handout, but that hasn't deterred home builders from stepping up to lobby Congress for help.
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News
US launches Citi rescue plan
Federal regulators approved a radical plan to stabilize Citigroup in an arrangement in which the government could soak up billions of dollars in losses at the struggling bank, the government announced late Sunday night.
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News
Perth price fall worst in 25 years
The once booming Perth property market has recorded its third consecutive quarterly fall in the median house price - a phenomenon not seen in 25 years - as talk of a recession eats into consumer confidence.
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News
Lend Lease slashes offer retirement home stake
Lend Lease lowered its offer today to Babcock & Brown for its 12.5% stake in retirement village operator Babcock & Brown Communities after due diligence and talks with lenders.
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Tax cut to attract more Beijing buyers
Homebuyers in Beijing will have their contract tax halved if the price is below a certain level from today.
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HK central office rents 'could drop 60%'
Souring business sentiment and expectations of further lay-offs as Hong Kong's financial sector continues to reel from the impact of the global credit crisis could see office rents in Central decline by up to 60% over the next two years, analysts warn.
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Mega Tower looses 38 floors
The Mega Tower - Hopewell Holdings proposed 93-storey hotel skyscraper in Wan Chai - is no more. The developer yesterday announced a revised plan, cutting its height by 38 floors.
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Dubai room rates drop up to 30%
Hotel room rates in Dubai are beginning to dip as the economic crisis bites into spending in the leisure and business sectors, industry insiders say.
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Mega property bank created by merger
The Abu Dhabi Government has merged the Industrial Bank with three other financial institutions to create a state-backed mega-bank aimed at reviving lending to property buyers and developers.
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Emaar sees prices fall
Residential prices for Emaar Properties’s signature Downtown Burj Dubai development have fallen by at least 22%, with reductions of up to 50% within the Burj Dubai tower itself, according to property brokers.
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NewsCouncils urge return of empty rates relief
Councils have universally backed the commercial property industry's campaign for the restoration of tax relief on empty buildings.
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RBS commits £15m to Greenlaw
The Royal Bank of Scotland has committed £15m of funding for the first phase of Elphinstone’s new business park at Greenlaw Park on the outskirts of Glasgow.
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Online
Crest Nicholson debt plan backed
The management and leading lenders to Crest Nicholson have put their support behind a debt-restructuring plan that would involve lenders taking control of the business.
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News
Pre-Budget Report: VAT cut aims to stave off slump
A 2.5% cut in VAT to be announced today as the centrepiece of the Pre-Budget Report will be in place for just over a year, The Times learnt last night.
