All Property Week articles in 22 June 2007 – Page 9
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Online
Former Lok'n Store directors launch online retailing business
Two former directors of the listed Lok’nStore group have launched an online retail auction site where retailers can sell surplus stock.
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Ally Pally faces legal challenge
The redevelopment of Alexandra Palace faces a fresh challenge after law firm Harrison Grant agreed to act for objectors seeking a judicial review of a decision by the Charity Commission paving the way for the redevelopment.
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OnlineKenmore buys Sheffield office scheme
The Scottish property company has bought an office scheme in Sheffield from Priority Sites for £13.3m.
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Online
Bank of Ireland sells 30 branches
The bank has sold 30 of its Irish branches to the Layden Group in a sale and leaseback transaction.
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News
H&M fashions foreign ambitions
Swedish fashion retailer H&M unveiled a 31% rise in quarterly profits along with plans to launch a collection by Italian designer Roberto Cavalli. Financial Times
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News
Ryanair threatens Stansted withdrawal
Ryanair has threatened a partial pull-out from its largest airport base in a row about landing fees. The Guardian
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News
Tesco lowers Dobbies limit to see off Hunter
Tesco last night moved to see off a threat from Sir Tom Hunter, who has been building a stake in Dobbies Garden Centres, by lowering the acceptance level for its bid for the company. The Times. Financial Times. Daily Telegraph. The Independent. The Guardian
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News
High roller Kerkorian ends Bellagio talks
The investment arm of billionaire Kirk Kerkorian said that it was ending talks on the possible purchase of MGM Mirage’s Bellagio hotel-casino and its CityCenter project in Las Vegas. The Times
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News
Dixons owner's $2bn Russian U-turn
DSG International, owner of Dixons, PC World and Currys, abandoned a $1.9bn plan to move into Russia yesterday, citing worries about the political and economic climate. The Times. The Independent. The Guardian
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News
Chrysler's drive for overseas forecourts
DaimlerChrysler’s troubled US division hopes to improve its fortunes with a plan to double sales outside its domestic market. Financial Times
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News
Yotel capsules to open in airports
Yo! Sushi entrepreneur Simon Woodroffe is to open his first Japanese-style capsule hotel at a British airport on 1 July. Financial Times
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News
No sell-off at Sainsbury's
Sainsbury's may consider options to release value from its large estate of freehold stores but will continue to resist pressure to sell it off. Financial Times
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News
UK interest rates look certain to rise again
Interest rates look almost certain to go up in July, analysts said, after it emerged that Mervyn King, the governor of the Bank of England, had voted for a quarter-point rise this month but was narrowly defeated. The Times. The Independent. Daily Telegraph. The Guardian
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Online
Morgan Stanley achieves record $30bn fund
Morgan Stanley Real Estate has completed fundraising for the world’s largest ever property fund with the spending power of more than $30bn (£15bn).
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OnlineNew stadium for Nottingham Forest
Wilson Bowden and Nottingham Forest FC are in talks to develop a new football stadium as part of a major mixed use scheme.
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Online
Bank of Ireland to take Bow Bells space
Bank of Ireland after weeks of speculation has agreed to take space at Bow Bells House.
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Online
Southwark Council to relocate
Southwark Council confirmed today it would relocate its headquarters to Tooley Street in London Bridge.
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Online
MWB to sell hotels
Marylebone Warwick Balfour Group plans to sell its £495m hotel assets in the open market.
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Online
Merrill Lynch headquarters sold
Merrill Lynch confirmed today it has sold its European headquarters in the City of London to GIC Real Estate in a £480m sale and leaseback transaction.
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News
Livingstone hits back at Lords
Ken Livingstone hit back at Tory peers after the Lords voted to bar him from standing for re-election next year as London mayor. Financial Times
