All Property Week articles in 23 November 2007
View all stories from this issue.
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Online
Canadians team up with LandSecs in East London
Land Securities has sold a 50% stake in its Thomas More Square Estate in east London to Canada’s Ontario Teachers' Pension Plan Board for £131.5m
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Rugby Estates set to buy George Philip Properties Group
Rugby Estates Investment Trust has this morning announced it has made an offer to buy private property company George Philip Properties Group for £21.5m.
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West End and City rent gap 'largest ever'
The gap between London’s West End and City office markets has nearly doubled and may lead to departures from the West End, reports CB Richard Ellis today.
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OnlinePlanning guide launched for London’s councillors
London’s boroughs are set to launch a good practice planning guide for councillors.
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Gladman makes plans for Great Yarmouth business park
Gladman Developments has lodged a planning application for an office and industrial scheme in Great Yarmouth.
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Property stocks rocked on housing fears
Property stocks took a beating across the board yesterday as market nerves about the sub-prime sector and fears about the housing market returned to the fore. The Independent
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Labour donation raises questions over business park
Fresh questions about David Abrahams’s donations to the Labour Party were raised by MPs last night after it emerged that he is behind a £60m business park granted planning permission after he gave £160,000 to the party. Daily Telegraph
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Schemes shelved on empty rates change
The Government’s decision to reduce business rates relief on empty property is hitting the supply of new premises to small firms, particularly in deprived areas. Daily Telegraph
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Aseana in Vietnam hotal move
Aseana Properties, the AIM-listed Malaysian and Vietnamese property developer, has paid $18m (£8.73m) to take a 60% stake in a project to build a luxury hotel complex on China Beach, Da Nang, Vietnam, estimated to have a developed value of $150 million. The Times
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Trikona up
Trikona Trinity Capital, the AIM-listed Indian property developer, increased its net asset value per share by 16% to 144p over its first half ending September 30. Further gains in the £216m portfolio are expected after a £32m sale last week of part of its stake in four of its 12 ...
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Knight Frank arm extends to India
Rutley Capital Partners, the private equity arm of Knight Frank, is launching a $1bn (£483m) Indian housing fund. Rutley is understood to have lined up investors from Britain, Australia, Hong Kong and Singapore, for the first round of fund raising worth $300 million. The Times
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Big Yellow stores £150m partnership
Big Yellow, the self-storage company, yesterday announced a £150m investment partnership with funds managed by Pramerica Real Estate Investors to develop up to 25 stores throughout Britain, even as its core customers are under pressure. Financial Times, The Times
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McCabe's £400m China property float
Sheffield United chairman Kevin McCabe is planning to spin off his Chinese real estate interests into a new £400m vehicle listed in Hong Kong. Financial Time
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Slump prompts Invista sell-off
Invista Foundation Property Trust announced plans to sell off more assets as it admitted that it had not predicted the ferocity of the commercial property slump. Financial Times.
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FSA slams mortgage brokers
An 'unacceptable' number of mortgage brokers are 'unwilling to change', the industry watchdog yesterday said in a stinging criticism of poor lending practices. Financial Times, Daily Telegraph
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Green companies 'to win' from planning changes
Britain’s green energy companies could be among the biggest winners under new legislation to streamline the planning system, Hazel Blears, communities secretary, claimed yesterday. Financial Times
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Contracting no better under PFI says watchdog
Contracting for multi-million pound projects under the private finance initiative has not improved in recent years and in some respects has deteriorated, parliament’s public spending watchdog said yesterday. Financial Times, Daily Telegraph, Independent.
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CGT changes threaten property
Changes that could toughen the capital gains tax regime for wealthy foreigners could further cloud a darkening backdrop in real estate, experts said yesterday. Financial Times
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Mixed reception for Virgin Rock bid
Sir Richard Branson is to put £200m of his own money into the rescue of Northern Rock as part of the deal he sealed during a weekend call from his private Caribbean island. Financial Times, The Times, Daily Telegraph, Independent, Guardian
