All Property Week articles in 23 March 2007 – Page 2
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News
Olympic sites face £70m knotweed clean-up
Surveys of the Olympic sites in Stratford have revealed a 10 acre swathe of Japanese knotweed where the velodrome and aquatic centre are to be built. Clearing the invasive weed, which if left could undermine stadium walls an crack concrete concourses, could cost the Olympic Delivery Authority as much as ...
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News
Heron to deliver £80m shareholder windfall
A record year for Heron International is to net its key investors, including owner Gerald Ronson , a dividend totalling £80m. Within the next couple of weeks the private property company is expected to file accounts at Companies House showing pretax profits of £75m for 2006 and cash holdings ...
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News
Shard partners seek £500m injection
Simon Halabi, Irvine Sellar and CLS , the developers of the proposed Shard of Glass tower in Southwark, are in talks with three institutions to raise £500m. The negotiations follow a £175m fundraising last September for the 70-storey scheme. However, it is believed much of this was spent buying out ...
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Online
Knight Frank feasts on Gherkin contract
German bank IVG Immobilien and Mayfair-based investment firm Evans Randall have appointed Knight Frank to oversee the property management of 30 St Mary Axe - also known as the Gherkin - in the City of London
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Online
Bloom is back
The colourful property entrepreneur Desmond Bloom is launching AIM-listed company Equable Properties which will invest in commercial and residential property in the UK and overseas.
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Online
G-REIT approved
German lawmakers have approved the introduction of the G-REIT today – a long-awaited move which is expected to kick-start a raft of flotations over the coming 12 months.
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OnlineCrown Estate buys £26m Windsor hotel
The Crown Estate has bought the Ye Harte & Garter Hotel Windsor for £26m from a joint venture company controlled by Emma & Lewis Davis’s Central Investment Properties.
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Online
MEPC secures huge Scottish letting
MEPC has secured one of Scotland’s biggest industrial lettings at Hillington Park in Glasgow.
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Online
Blackstone lines up $4bn flotation
US private equity group Blackstone is lining up a partial US stock market flotation. It is seeking to raise $4bn (£2bn), according to a filing yesterday with the Securities Exchange Commission
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Online
LaSalle drives €61.6m into Speedy centres
LaSalle Investment Management has bought 141 Speedy car service centres across France in a €61.6m (£42m) sale and leaseback
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Online
Great Portland appoints non-exec director
Jonathan Short has been appointed non-executive director of Great Portland Estates
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Online
Developer Howard Ronson passes away
Property developer Howard Ronson, 63, died on Wednesday in Monaco from cancer
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News
Wrenbridge
Wrenbridge has let 200,000 sq ft (18,580 sq m) at Hams Hall National Distribution Park, Birmingham. Global logistics provider Kuehne & Nagal is taking 170,000 sq ft (15,793 sq m) on a 10-year lease at £5.75/sq ft (£61.89/sq m) and electrical distributor Bridsco is taking 28,000 sq ft (2,601 sq ...
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News
Selfridges
Selfridges has hung a giant eyeball on the front of its Oxford Street store this week as part of its tie-up with the Victoria and Albert Museum’s Surreal Things exhibition, which opens on 29 March. Selfridges, which was advised by Jones Lang LaSalle , won planning permission for the Dadadandy-designed ...
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NewsReady, Willing and Table
Structadene frontman David Pearl nearly caused a riot when he set up an impromptu office on the pavement outside the Carlton Hotel.
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News
Quintain’s Wellcome venture
Quintain has entered into a 50:50 joint venture with the Wellcome Trust to create a £600m student accommodation fund.
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InsightPower strike
British Land, Land Securities and the Pru are among the landlords taking failed retailer Powerhouse to court this week in a High Court test case. Mike Phillips explains why
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MarketsParking permit
Wilson Bowden and Henry Boot are among the bidders lining up to turn a car park in Leamington Spa into a retail development.
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News
Pakistan
Pakistan is soon to have its first skyscraper after UK architect Aedas won an international design competition. The Karachi Port Trust chose Aedas to develop the 80-storey office tower on the Indian Ocean in Karachi. The scheme will also have residential, retail and conference space, while the top 21 floors ...
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News
Tesco targets regions in office shake-up …
… and seals £650m sale and leaseback with British Land
