All Property Week articles in 22 August 2008 – Page 8
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GIC continues stake building in British Land
GIC, the investment arm of the government of Singapore, has increased its stake in British Land to more than 5%.
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Targetfollow's £122m Norwich scheme gets consent
Aredeshir Naghshineh’s Targetfollow has received planning permission for its £122m Hartford Place development to the south of Norwich City Centre.
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London mayor wants wow factor for 2012
Mayor of London Boris Johnson today called on businesses and organisations from around the world to submit ‘truly ground-breaking ideas’ to contribute to making the Olympic Park a success once London's Games are over.
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Retailers ask chancellor to help push down property costs
The British Retail Consortium (BRC) is to write to the chancellor Alistair Darling ahead of the Pre-Budget Report today.
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Tesco completes £605m sale and leaseback
Tesco has carried out a £605m sale and leaseback deal - selling 13 properties in four separate deals with a total floor space of more than 1.7m sq ft.
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Argo gets E75m loan for Ukraine shopping scheme
AIM-listed Argo Real Estate Opportunity Fund has secured a E75m (£59.3m) loan for a shopping centre development in Ukraine.
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Glasgow's Easterhouse Town Centre set for £75m regeneration
Plans for the redevelopment of Easterhouse Town Centre moved a step closer yesterday after planning consent was granted for a second phase at Glasgow Fort Shopping Park and a neighbourhood centre.
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Rents in Cardiff could rise, says Atisreal
The market in Cardiff is tough but the lack of development in the city means rents could still rise, according to research from Atisreal’s Cardiff office.
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Persimmon reveals first half profit fall
House builder Persimmon has called on the government to introduce measures to boost the housing market as its first-half profits dived due to dwindling sales.
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Councils seek power to offer mortgages
Council chiefs have called for extra powers to allow them to offer competitive mortgages in an attempt to rescue the housing market.
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City job gloom
Almost half of City employers expect to reduce recruitment over the next 12 months as the impact of the credit crunch continues to undermine the financial services industry.
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Fannie and Freddie tumbles as Fed ponders options
Shares in Fannie Mae and Freddie Mac, America's biggest mortgage groups, slumped to their lowest levels for two decades as traders speculated that Washington will be forced to bail out both of them.
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Land Securities sells stake to Liberty
Land Securities has sold half of its interest in the Empress State building in London’s Earls Court to Liberty International, its FTSE 100 property peer, for about £108m.
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US Mortgage requests at eight year low
Prospects for recovery in the US housing market continue to look bleak as the number of Americans applying for a new mortgage fell to an eight-year low.
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Oak Holdings in Rotherham deal
The property development and consultancy group, said that it had signed a development deal with Rotherham Metropolitan Borough Council for its £390m property project, which contains the terms for a 250-year lease of the site.
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Gross mortgage lending down over 25%
Gross mortgage lending totalled £24.8bn in July, up by 5% from June but down by 27% compared with July 2007, figures from the Council of Mortgage Lenders showed.
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Hazel Blears approves Doon Street tower scheme
The Secretary of State Hazel Blears yesterday approved Coin Street Community Builders’ plans for a residential and leisure scheme including a 144-metre tower on London’s South Bank.
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Alliance & Leicester sells only second UK mortgage-backed security this year
Alliance & Leicester has completed a £400m residential mortgage-backed security (RMBS) issuance – only the second mortgage-backed bond issue to take place in the UK this year.
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Kenmore European fund sells to protect loan covenants
The Kenmore European Industrial Fund continued to sell assets in the first half of the year in order to reduce gearing.
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HSBC promotes multimanager Morrell
HSBC Global Asset Management has promoted Guy Morrell to head of its multimanager business in the UK, the Middle East and North Africa.