All Property Week articles in 21 November 2008 – Page 9
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Plaza curtails development
Plaza Centers, the Israeli owned shopping centre developer, has curtailed its 32 project development pipeline by up to 82% in order to ride out the downturn.
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Derwent London reduces its vacancy rate
Derwent London, the central London office focussed REIT, has benefited from strong lettings this year to reduce its vacancy rate in its £2.5bn portfolio.
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First Property Group delivers strong results
First Property Group, the AIM listed property company, has delivered strong results in its interim report for the six months to 30 September.
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MAPIC: Central and Eastern Europe, Portugal and Finland to buck falling retail sales, says ING
ING Real Estate is projecting that retail sales growth will remain positive, and demand for retail space remain high in central and Eastern Europe, in particularly the Czech Republic, Poland, Slovakia and Romania.
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No surprises as British Land reveals 22% drop in NAV
British Land suffered a 22% plunge in its net asset value in the first half of its financial year but soothed worried investors by revealing no debt, balance sheet or operational problems.
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Hortons appoints new chief exec
Midlands property company Hortons has appointed Toby Green, former financee director, as its new chief executive.
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Mapic: Global retail rents soar, but Bond Street falters
Retail rents in the world’s leading shopping streets continue to grow despite the global economic downturn, according to Cushman Wakefield’s latest Main Streets Across the World report launched at MAPIC.
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News International delays Fortress Wapping campus redesign
News International has put its plans for a redevelopment of its Fortress Wapping campus on hold until market conditions improve.
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Woolworths in sale talks
Woolworths is in talks with distressed retail specialist Hilco over the sale of its 815-store chain.
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MAPIC: Designer outlet centre sales benefit from economic downturn
Retail sales and rents in designer outlet centres are continuing to grow and are actually benefitting from the economic downturn, according to the CEO of McArthurGlen European Development, Gary Bond.
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MAPIC: Dutch retail being bolstered by international retailers
Rising interest among international retailers and higher demand for flagship stores is helping to bolster retail demand and maintain rents in prime shopping locations in the Netherlands.
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Stonemartin’s lost management compensation boosts half year profits
Stonemartin recorded half year profits of £6.5m today, bolstered by compensation after it lost management contracts in Birmingham, Manchester and Reading.
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BBC looks for designer for Broadcasting House
The BBC is looking for a design consultant for the second phase of its redevelopment of the Broadcasting House in central London.
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MPs target Rock over repos
The government was under fire last night for reneging on its promise to help people threatened with losing their home as Northern Rock admitted it would be responsible for one in 10 repossessions this year.
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Debt write-off threat at McCarthy & Stone
Lenders to McCarthy & Stone, the retirement-home builder, may have to write off nearly half of the company’s debt if third-party investors are not found to put up new money.
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B&B inquest: Customers pulled £200m in a morning
Customers withdrew £200m from Bradford & Bingley on the Saturday morning in September ahead of its nationalisation on the Monday as customers took flight from the stricken buyto-let lender.
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B&B inquest: chairman failed to see problems
The chief executive of Bradford & Bingley was likened yesterday by MPs investigating the collapse of the mortgage lender to the weather forecaster who missed the 1987 hurricane.
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Over a million without mortgage plan
More than a million homebuyers – nearly half of those with interest-only mortgages – have no specific savings plan to repay their debts, an insurer claims.
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Barratt presses for more social housing
Barratt Developments, the housebuilder, has called on the Government to increase the number of private homes bought by social housing groups in order to support the ailing property market.