All Property Week articles in 21 November 2008 – Page 7
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Markets
LDA U-turn allows distribution sheds at Beam Reach site
Downturn forces agency to drop insistence on manufacturing at 60 acre plot
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News
Hove’s King Alfred scheme slain
Developer Karis has dropped plans for its Frank Gehry-designed King Alfred scheme in Hove, East Sussex, as a result of problems with funding.
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News
Grainger go-ahead after Haringey row
Grainger has been granted planning permission to redevelop Wards Corner in Tottenham, north London, following a dispute with residents over a Latin American market at the site.
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News
£81m magistrates' court planned for Birmingham
Masshouse Developments has submitted a planning application for an £81m magistrates’ court for Birmingham city centre.
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Professional
One-third of bosses work 55 hours-plus
A survey of company directors has shown that managing directors of small businesses with turnovers of up to £5m receive an average basic salary of £65,000. In a large company, with turnover of £50m-£500m, a managing director could expect to earn £150,000 and an executive director £92,000.
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Markets
Land values fall at their fastest rate for 30 years
Savills research show values have plummeted by a third in six months but have not reached nadir
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Markets
Croydon developers unite to keep £3.5bn projects alive
Stanhope, Schroders, Minerva, Terrace Hill and Rosepride join council to combat downturn delays
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News
CBRE raises $207m
CB Richard Ellis has raised $207.1m (£138m) of new equity, partly to repay some of its $2.66bn (£1.7bn) of debt.
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News
Norwood Annual Dinner raises £2.8m for charity
Entertainment gurus Simon Cowell and Piers Morgan were the star guests at Monday night’s Norwood Annual Dinner at London’s Grosvenor House hotel.
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News
Quay West shopping centre to be sold for £110m
Henderson Global Investors and Invista Real Estate Investment Management have instructed DTZ and Cushman & Wakefield to sell their Quay West shopping centre in Hull for £110m.
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News
British Land property values suffer 11% plunge
Half-year results weak but in line with City forecasts
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News
Derivative values - 21.11.2008
A monthly look at derivatives with Tullett Prebon’s Rob Atkin and DTZ’s Gary McNamara
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Professional
Case news: Yorkshire Bank Finance v A and A Mulhall (24.10.08)
The message: A property owner failed to have a charging order removed from her property, even though the bank had not enforced the order for more than 12 years
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Online
Highcross buys Westport Land out of administration
A company run by Phillip Nelson and Simon Bakewell that went into administration 11 months ago, has been bought by Peter Gubb’s Highcross.
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Online
Clothes retailer Mark One in administration again
Clothes retailer Mark One has collapsed into administration for the second time in seven months.
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Online
Glenkerrin scales back controversial Ealing Broadway Leaf plans
Irish developer Glenkerrin has reduced its controversial residential tower in Ealing, west London.
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Online
Rockspring buys Spanish retail park in Puerto Real for £16.4 million
Property fund manager Rockspring has bought Tres Caminos retail park in Puerto Real, Cádiz in Spain for over €20 million (£16.4 million).
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News
Landsbanki’s collapse threatens to leave stars with £11.6m liability
Wayne Rooney’s management company emerged yesterday as potentially one of the biggest corporate casualties of the Icelandic banking crisis.