All Property Week articles in 22 July 2011 – Page 2
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ProfessionalTiming in recovery position cannot be overestimated
The message: Sometimes, the law is both unclear and unfair The case The High Court has strictly applied the statutory legislation on the 18-month time limit for recovering residential service charges, despite the unfair consequences for landlords (London Borough of Brent v Shulem B Association, 29.06.11). Brent owns ...
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NewsRedevco redesigns Moorgate
Dutch property company Redevco this week received a recommendation for the approval of its 124,000 sq ft development at 120 Moorgate in the City of London. The scheme was given a recommendation for approval by the advisers to the City of London’s planning commission on Tuesday. The decision is expected ...
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News
Midtown office
Great Portland Estates and Capital Counties have sold a block in London’s Midtown to Threadneedle at a yield of 6.1%. The listed companies’ joint venture, Great Capital Partnership, sold the multi-let office building 67-75 Kingsway for £16.9m. The 31,000 sq ft property was inherited by the 50:50 joint ...
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ProfessionalLandlords lose out in services reshuffle
Plans for communities to run local services will complicate public property strategy
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News
Pramerica and Hoche's Paris match
Pramerica Real Estate Investors and French developer Groupe Hoche have formed a joint venture to invest in residential and office developments in Paris. The group plans to spend €150m within two years and has committed €25m to three projects in Paris. Phillip Barrett, managing director of Pramerica’s merchant banking group, ...
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MarketsThe view from Heron Tower
Christine Eade meets the US law firm McDermott Will Emery in London’s newest tall building
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NewsMeanwhile Londoners’ green light
Newham Borough Council this week resolved to grant planning permission for the proposals of three winners of Property Week’s Meanwhile London campaign in east London’s Royal Docks. Newham’s strategic development committee gave permission, subject to certain conditions, to three of the four proposals that will reinvigorate derelict sites in the ...
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InsightState of flax
Last year Property Week and Urban Splash chose two “meanwhile” schemes to breath life into a site in New Islington, Manchester. Nine months on, Lee Mallett went to see how they have evolved.
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News
London & Stamford sows seed of UK’s first resi REIT
London Stamford Property, the REIT set up by Raymond Mould and Patrick Vaughan, has signed a £50m deal that could be a seed for the UK’s first residential REIT. London Stamford is understood to have exchanged contracts to buy 107 homes in Islington, north London, from ...
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MarketsFirepool’s phase one heats up
Work on the first phase of St Modwen and Taunton Deane Borough Council’s Firepool scheme is to begin on Monday. The 27,000 sq ft office will be occupied by renewable energy and waste management company Viridor. It will sit on the 4.5 acre former Priory Bridge Road car park, which ...
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NewsInvestors will feel the squeeze as loan market tightens
The second quarter of 2011 brought several changes from the first. One of the most significant shifts is the number of property investors trying to refinance existing loans that are not being renewed by their lenders. We are now seeing the effects of banks shrinking their property loan books, as ...
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InsightRetail ‘tipping point’ means values must fall
I visited a retailer two weeks ago for a meeting with the chief executive. There was nothing unusual about this, since I have been doing this for the past 30 years. Nevertheless, the meeting was noteworthy for two reasons, which reflect the central challenges faced by retail today – the ...
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News
Public estate to undergo review
The government’s parliamentary spending watchdog is to review how to make greater savings from the public estate.The National Audit Office has been tasked with undertaking a “cost study” of various aspects of the estate, including the efficiency of the Government Property Unit (GPU), to accelerate savings for the public purse.The ...
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Markets
Nanofunds are music to wealthy investors’ ears
Wealthy investors who want to avoid the pitfalls of large residential funds have latched on to Nanofunds, which promises high returns from small developments. Since launching Nanofunds last year, Hamptons International and adviser Bmor have raised £9.2m, which has been pumped into four schemes in central London. It is an ...
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NewsDTZ promenades at Greenwich Olympics site
DTZ Investment Management has signed an £8m forward-funding deal to develop Greenwich Promenade, in south-east London. The site will be the gateway to Greenwich’s 2012 Olympic site. Stonehurst Estates has agreed with DTZ to develop 17,000 sq ft of restaurants and a Transport for London river bus terminus, which will ...
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MarketsUrban Splash to surf wave of Devon hotels
Developer’s plan for 55-bed hotel in Paignton follows Blackmore and Whitbread schemes.
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InsightTreasury knights can save property unit’s crusade
John Prescott, the 7/7 bombings, regional assemblies, phone hacking – Property Week has an early-2000s feel today. We investigate how the former deputy prime minister’s dream of devolved regional fire control, fuelled by the London blasts, ended in disaster, while you can have your say on Rupert Murdoch in our ...
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NewsSaint-Tropez comes to Covent Garden
French luxury swimwear brand Vilebrequin has agreed to open its fourth standalone store in London, as it continues its expansion across the capital. The Saint-Tropez men’s swimwear brand will open an 800 sq ft boutique at 9 King Street in Covent Garden this summer. The retailer wants to open up ...
