All Property Week articles in 21 November 2008 – Page 8
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Minerva affordable housing agreement paves way for Kensington luxury apartments scheme
Minerva has been given the go-ahead for its redevelopment of the Odeon cinema on Kensington High Street after concluding a section 106 agreement with the local council.
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MAPIC: ING Real Estate to focus on retail refurbishments
ING Real Estate revealed that the restructuring and refurbishment of its existing retail stock will become central to its retail development pipeline.
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MAPIC: Flagship stores should pay more rent for promotional opportunity
Retailers with flagship stores on the world’s leading shopping streets are benefitting from a brand awareness vehicle stronger than traditional advertising.
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Sir Bob Lane to head up London Thames Gateway Development Corporation
Sir Bob Lane OBE is to become the new chair of the London Thames Gateway Development Corporation (LTGDC).
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Waterstone Estates buys Swansea Waterfront scheme
South-Wales based property company Waterstone Estates has bought half an acre on the Swansea waterfront for £9.2m from the Welsh Assembly Government.
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MPs pile on more empty rates pressure
A host of MPs have thrown their weight behind the campaign to bring back empty rates relief across the country.
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Waitrose plans to open first Weston-Super-Mare store
Warner Estate has signed a 34,218 sq ft Waitrose unit in Weston-super-Mare, subject to planning approval by North Somerset Council.
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MAPIC: Europe's 'Big Five' to regain investment market share in 2009 says JLL
Uncertainty in global economies will lead to the ‘Big Five’ European countries recapturing investment market share in 2009, says new research by Jones Lang LaSalle.
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David McLean finance director buys housebuilding business
David McLean's group finance director John Kendrick last night bought the north-west based firm's house-building division.
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Network Rail’s profits derailed by industrial buildings tax
Network Rail’s profits have been hit by the abolition of the industrial buildings allowance and falling property values.
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Boris Johnson unveils £5bn housing investment plan
Mayor of London Boris Johnson unveiled a £5bn investment plan to support the capital's housing market over the next three years today.
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MAPIC – New York’s Fifth Avenue to thrive despite US meltdown
Amidst the sub-prime crisis, falling house prices, strengthening dollar and turmoil in the financial markets, New York’s Fifth Avenue is set to continue to thrive.
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British Land eyes succession as NAV plunges
Chris Gibson-Smith, executive chairman of British Land, said the property company had 'seen a wide range of candidates' to replace Stephen Hester, its former chief executive who takes up his new role at Royal Bank of Scotland this month. He hoped to make an appointment before Christmas.
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US home starts down
The US Commerce Department said housing starts fell by 4.5% to 791,000 in October, down from 828,000 in September. Applications for building permits dropped by 12% to 708,000, from 805,000 in September.
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Olympics venue faces axe
London Olympics organisers look set to scrap one games venue amid urgent calls to shave the £9.3bn budget by moving some sports to existing arenas. The move has been recommended by KPMG, the consultants, which were called in to conduct a review amid pressure to cut costs.
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Fidelity to shed hundreds of UK staff
Fidelity International is cutting several hundred jobs from its UK operations as deteriorating investment markets take their toll on the group’s revenues and profitability.
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Deutsche Bank cuts to hit New York and London
Deutsche Bank is to shed 900 jobs as it responds to the financial crisis by reshaping its investment banking operations.
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Lloyds investors back HBOS rescue
Lloyds TSB investors have overwhelmingly backed the bank’s controversial rescue of HBOS and its plans to raise £5.5bn of capital despite some shareholders voicing concerns.
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US Fed to guard against deflation
The Federal Reserve will do whatever it takes to ensure that the US does not fall into a deflation trap, vice-chairman Don Kohn said yesterday, as data showed consumer prices fell sharply last month.