All Property Week articles in 22 July 2011 – Page 3
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Professional
Landlords struggle with service charges
Property owners and managers are struggling to show they are complying with RICS standards on managing service charges, new research shows.Property consultant Real Service last Tuesday published its second annual Service Charge Compliance Index, which measures property owners and managers’ compliance with the RICS service charge codes.The results indicate that ...
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Professional
Winds change for turbine planning
Would you want a wind farm in your area? The government does, as it hopes to make it easier for councils to approve them in a bid to get more built.Last Tuesday the Department of Energy and Climate Change published two documents that set out the government’s plans to develop ...
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MarketsFormer JJB units give charities a sporting chance
3Space, the agency that brings together charities and retailers with empty shops, celebrates its first anniversary with its largest-ever donation of empty property. JJB Sports closed more than 200 stores in CVAs (company voluntary arrangements) in 2009, and earlier this year gave eight empty units to 3Space. The deal was ...
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InsightUp in flames: the failed fire control centres plan
How did former deputy prime minister John Prescott blow £431m on a group of nine fire control centres? Christine Eade investigates how even the best-laid plans can backfire
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News
Scottish Widows in central London property swap
Scottish Widows Investment Partnership (SWIP) has this week completed £32m of central London transactions. It sold 17-19 Rochester Row in Victoria for more than £28m, reflecting a yield of 5.8%, to private clients of UBS. The 1987 property comprises 46,000 sq ft of offices and a residential building, Stockton Court, ...
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News
Spain’s Coolway steps into central London
Spanish shoe retailer Coolway is planning to launch in the UK and has bought a flagship store on London’s Oxford Street. The brand, whose shoes are popular with celebrities including Sienna Miller, has exchanged to open a 4,500 sq ft shop at 153 Oxford Street, east of Oxford Circus. Alan ...
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News
Canary spreads wings over London
Canary Wharf this week entered exclusive talks to buy a development site in the City of London and tightened its grip on the prized Shell Centre site on the South Bank. The developer is preferred bidder to buy 100 Cheapside in the City, which has planning consent for 87,000 sq ...
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MarketsQ+A: British Land’s south-west spree
British Land bought Plymouth’s 570,000 sq ft Drake Circus shopping centre in January for £240m. One month later, it followed this up with the purchase of Green Lanes, a 131,000 sq ft shopping centre in Barnstaple, for £30m. Charles Maudsley, head of retail at British Land talks about the company’s ...
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MarketsInteraction tested at Bristol Science Park
Quintain and Aviva Investors will complete the second phase of Bristol Science Park in Emersons Green in September. The joint venture, which is called the Quantum Property Partnership, aims to attract start-up businesses to the 24,553 sq ft innovation centre, offering flexible space on short-term leases. Rents are around £21/sq ...
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Markets
Bristol Rovers scores new grounds
Sainsbury’s helps football team to achieve its goal for a new stadium
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News
Knight Frank bows out of Liverpool
Knight Frank is to close its Liverpool office, and has placed all staff in Manchester and Liverpool on redundancy consultation. The firm said it was consolidating its north-west operations in Manchester, after re-evaluating the need for having two offices in the region. Nine Liverpool staff and 30 Manchester workers are ...
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ProfessionalNever a borrower and lender's solicitor be, says Patrick Cannon
The Solicitors Regulation Authority (SRA) has recently published its “Draft supervision and enforcement strategy for conveyancing”, which it plans to finalise in October this year. This paper explains how the SRA will deal with – or as the paper puts it, “engage with” – solicitors whose conveyancing work is in ...
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News
Borders to close bookstores in US
Borders is set to be liquidated in the US. The struggling book, music and DVD retailer faces the prospect of its entire 399-store portfolio being wound up after a buyer for the business could not be found. Creditors, including landlords, have opposed the liquidation. “We were all working hard towards ...
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InsightBook reviews: Build up your portfolio of page-turners
Powerful, provocative and entertaining in turn, this summer’s books should provide something for everyone. United, as they are, by themes close to the hearts – or wallets – of Property Week’s readers, they should all entertain.Union Atlantic is big, bold and gripping. Its two main characters are a banker and ...
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News
Bericote to bring giant shed to Kent
Bericote Properties is preparing to build the largest industrial warehouse inside the M25 after extending its Crossdox site in Erith, Kent, to 50 acres and completing a debt restructuring. The developer has submitted a planning application for a £90m scheme with 850,000 sq ft of industrial space across two buildings, ...
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MarketsVerve hopes BBC switches to Paintworks extension
Developer wants corporation to expand into 120,000 sq ft third phase
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News
Peel and Barratt start north-west residential push
Peel Group and Barratt Homes have formed a partnership to bring forward residential schemes worth £200m across the north-west and Yorkshire. The pair have agreed to cover 80 acres across six Peel sites and plan to develop more than 1,000 homes over the next five years. Barratt’s Manchester division is ...
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MarketsBarratt and Igloo hope for Hackney Wick pick
Thames Gateway Development Corporation submits mixed-use plans at key strategic site.
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News
Property is biggest threat to Royal Bank of Scotland profits
Bank’s losses on property loans could rise to £12bn as maturities loom
