All Property Week articles in 22 May 2009 – Page 9
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InsightSongbird’s clipped wings
Songbird Estates is in danger of breaching its loan covenants in November, which could leave it open to a takeover
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News
JV’s plans halted at Clapham
A joint venture between Land Securities and Delancey – the Metro Shopping Fund – has withdrawn its planning application for a £400m regeneration at Clapham Junction station.
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Professional
First manslaughter claim
Property managers have been warned to ensure their health and safety standards and procedures are robust as the first case is brought under new corporate manslaughter legislation
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News
Commerzbank consolidates in City of London
Commerzbank is to consolidate its UK investment banking operations at GIC’s 30 Gresham Street in the City of London, following its purchase of Dresdner Kleinwort and a review of its UK property strategy
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MarketsInitial City Link parcels up ProLogis shed at Heathrow
Dispatch company’s letting at DC3 warehouse follows deals for Brixton and Segro
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NewsHail to the Quintain chief
James Saunders, head of commercial ventures at Quintain, was on the BBC’s technology programme, Click, last week talking about Velocity 1, a ‘triple play’ service – broadband, TV and phone – that the company has built into its Wembley City development
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NewsHunt chases London office
Foxtons founder Jon Hunt, who sold the estate agency business at the peak of the market for £370m, is poised to buy a £16m London office block
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Professional
Charity Property Help launches
The RICS has launched Charity Property Help, through which chartered surveyors provide free advice to voluntary organisations on all property-related issues
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Professional
New Scot Women in Property chair
The northern Scotland branch of the Association of Women in Property has appointed Natalie Milsted, company accountant at Space Solutions, which provides workplace design services, as its chairwoman.
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News
Canon Europe strikes pose at Stockley Park
Canon Europe is poised to complete one of the M25’s biggest lettings of the year by taking 93,000 sq ft at Stockley Park in Uxbridge
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News
Costa calls into Dundee
Costa Coffee is taking the main cafe, totalling 2,676 sq ft, at Lend Lease’s Overgate shopping centre in Dundee at £80,000 a year
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News
Sheffield Hallam buys Oneleven
Sheffield Hallam University has bought the long leasehold in Oneleven Arundel Gate in Sheffield for £4.4m
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Markets
Goldman Sachs goes cold on Brum warehouse
Goldman Sachs has sold a 197,000 sq ft frozen food warehouse at Hams Hall Distribution Park near Birmingham to a logistics operator in the biggest transaction to an occupier in the West Midlands this year
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News
Tesco mixes it up in Bromley
Tesco opened a store in Orpington, Bromley, this week as part of a mixed-use development designed by Michael Aukett Architects
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Markets
British Property Federation launches landlords’ code
Among first-time measures to be adopted are redress for tenants and registration with ombudsman
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NewsHumberts Leisure is marketing the sale of Swinford Toll Bridge on the River Thames
The grade II-listed bridge outside the village of Eynsham, Oxfordshire was built in 1767 for the Earl of Abingdon and is one of only a few remaining privately owned toll bridges in England
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News
Big Yellow’s big rights issue
Big Yellow, the self-storage REIT headed by Nick Vetch, has raised £32.9m from a placing of shares to fund its expansion
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MarketsBuild to let: The big questions
The Homes and Communities Agency this month launched a plan to bring institutional money into residential investment. Doug Morrison and Deirdre Hipwell pose some questions
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News
Planning consent keeps Heart of Slough beating
Development Securities has won planning permission for the initial phases of the £400m Heart of Slough scheme
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News
Rinku picks up Bay Trading
Fashion wholesaler and retailer Rinku Group has bought 45 Bay Trading stores and 85 concessions of the 175-store fashion chain, which went into administration last month
