All Property Week articles in 23 March 2007 – Page 7
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Delek plans £150m AIM float
Israeli-owned Delek Global Real Estate is aiming to raise £150m in a flotation on AIM next month.
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Turner’s Balmain seals €100m of funds with Investec
A company set up to invest in Europe by former Westfield UK director James Turner has agreed a €100m (£69m) funding partnership with Investec Private Bank.
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CapCo sows £127.5m into Covent Garden
Capital & Counties, which bought London’s Covent Garden market in August, has bought the shops underneath the famous opera house for £127.5m
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Matrix to list Euro portfolio on LSE
Matrix, the private investor property fund manager, is to list its £330m European portfolio on the London Stock Exchange
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Gore confirmed for Think '07
Former US vice-president Al Gore was this week confirmed as the keynote speaker at CMPI's annual conference on sustainability, regeneration and innovation.
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Canary Wharf estate soars in value
The value of the Canary Wharf Group office and retail portfolio soared 18% to £6.7bn last year
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RREEF splashes £23m on Midlands portfolio
RREEF has today bought a five-building portfolio from Doughty Hanson for £23m
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Budget 2007: fixtures and fittings blow to landlords
Property companies suffered a setback in Gordon Brown’s Budget when he cut the capital allowances available on commercial properties for fixtures and fittings from 25% to 10%. Fittings and fixtures can represent between 5% and 60% of a building's valuation, depending on the quality of the fit-out. The Treasury hopes ...
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Orient-Express and hotels set to change hands
The company that owns the Orient-Express train and some of the world’s top luxury hotels is set to be sold for more than $3bn (£1.5bn), The Times reported today. As well as running the famous Venice Simplon-Orient-Express, Orient-Express Hotels owns or operates 38 of the world’s most luxurious hotels, including: ...
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Zara expansion pays off
Inditex, the Spanish company that owns clothing retailer Zara, reported a 25% rise in profits for the year to 31 January after a year of global expansion. It opened 439 stores in the year, including five Zara stores in the UK, and made net profits of €1bn (£679m). It said ...
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Budget: Tax transparent status for property unit trusts
Authorised property unit trusts were granted the same tax transparent status as REITs in today’s budget.
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Savills makes strategic Middle East partnership
Savills has agreed a strategic partnership with United Arab Emirates’ largest property services company Asteco to extend its operations into the Middle East.
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Budget: PGS will be 'modest' and 'local'
Chancellor Gordon Brown has conceded ground in his desire to introduce planning gain supplement.
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Capital & Counties appoints King Sturge partner
Capital & Counties has appointed King Sturge partner Gary Yardley to join as chief investment officer.
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Sarasin appoints DTZ as global real estate advisor
Sarasin Investment Management has appointed DTZ to replace Jones Lang LaSalle as advisor on its global real estate funds.
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PowerHouse High Court case begins
A court case that could see billions wiped from the value of commercial property began in the High Court today.
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GE and Paradign in £103.7m Kwik-Fit haul
GE Real Estate and Paradigm Real Estate Managers have completed to purchase 148 Kwik-Fit centres for £103.7m.
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Crack down on 'rogue' estate agents, urges Prisk
Conservative MP Mark Prisk, shadow minister for consumer affairs, has called for changes to be made to the consumer bill to crack down on ‘rogue’ estate agents.
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Lyons' inquiry - more charges for occupiers
Local councils should be allowed to charge occupiers a supplementary business rate of up to four pence in the pound, according to Sir Michael Lyons’ inquiry into local government finance, published today.