All Property Week articles in 21 September 2007 – Page 11
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The Junction secures debut retailer at Aylesbury retail park
Furniture retailer HomeStore+More is to open its first store in the UK at The Junction’s Cambridge Close retail park in Aylesbury, Buckinghamshire.
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OnlineCredit crunch hits £700m hotel sale
MWB has put its sale of its £700m Malmaison and Hotel du Vin hotel chain on ice citing the global credit crunch as hindering the deal.
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Woolworths cuts losses
Woolworths cheered investors yesterday with news that losses had narrowed in the first half, but signalled caution over its prospects heading into Christmas. Financial Times. The Daily Telegraph. The Times
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News
British Land’s Bowden to step down
British Land property investment director Robert Bowden is to retire at the end of the year. The Daily Telegraph. Financial Times
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News
Battersea developer back in the black
Real Estate Opportunities announced a profit for the first time in four years. The Daily Telegraph
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Morgan Stanley’s $1.3bn write-off
Morgan Stanley was forced to write off losses of more than $1.3bn (£748m) in the three months to August. The Daily Telegraph. The Times. The Independent. The Guardian. Financial Times
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Qataris inch closer to Sainsbury’s
The board of Sainsbury’s is poised to open its books to Delta Two after the Qatari-backed fund altered some of the terms of its offer. The Daily Telegraph. The Times. Financial Times
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Governor faces grilling on Bank U-turn
Mervyn King will be forced defend his reputation as Bank of England governor after being driven into a dramatic U-turn yesterday in a bid to ease pressure on the UK banking system. The Daily Telegraph. The Times. The Independent. The Guardian. Financial Times
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Euro housing glut depresses prices
House prices across much of western Europe have stalled or begun to fall as spiralling borrowing costs and fears of oversupply take their toll, a Knight Frank survey has revealed. The Times
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News
Ginza leads Tokyo recovery
Commercial land prices in Japan rose for the first time in 16 years, government data released yesterday showed. Financial Times
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Cap & Reg’s steady course
Capital & Regional increased its first-half underlying pretax profits by 17% to £17.6m. Financial Times. The Times
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Bank pays top dollar in City
VTB Bank has signed a prelet on 70,000 sq ft of refurbished office space at the 12 Cornhill building owned by IVG Asticus. The Times
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Cambridge City football club wins profits from developer
Cambridge City football club has won the right to the profits of the residential redevelopment of its stadium following a bitter High Court battle.
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Arcapita joins with Layetana for Warsaw development spree
Bahrain investment bank Arcapita has joined forces with Spanish residential developer Layetana for a 1.1bn Zloty (£203m) residential development spree across Warsaw.
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DevSecs sees NAV drop
Development Securities revealed a small drop in its net asset value in its half-year results due to the sharp slowdown in the investment market.
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Russian bank takes City space
Russian bank VTB Bank Europe today revealed a large letting in the City, bucking the trend of financial institutions shelving their expansion plans because of the affects of the worldwide credit crunch.
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OnlineCap & Reg upbeat despite mixed results
Capital & Regional chief executive Martin Barber was defiant this week about the prospects for the property market, despite the company posting a mixed set of half-year results.
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REO posts 38% NAV rise
Real Estate Opportunities revealed a 38% rise in net asset value in its half-year results this morning.
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OnlineRREEF buys hotel company
RREEF has made its first push into the UK regional hotel sector buying the Four Pillars Hotel Group and setting up a joint venture to further expand the business.
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Bowden to leave BL
British Land property investment director Bob Bowden will leave the company at the end of the year.
