All Property Week articles in 23 November 2007 – Page 11
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OnlineFirst Property 'unscathed' by credit crunch
Asset managers First Property Group has emerged unscathed from the credit crunch according to its 2007 interim results.
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OnlineCallcutt wants public-private pacts to meet housing targets
Review says government housing targets can be met by ‘huge’ urban land supply. A blueprint for speeding up the release of urban land for residential development was unveiled yesterday by John Callcutt in his government-commissioned review of housing delivery in England and Wales.
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Online
Cushman & Wakefield buys Petch Hall
Cushman & Wakefield has bought Manchester based retail warehousing firm Petch Hall.
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OnlineMorrisons plans South west shed
Morrisons, the UK’s fourth largest supermarket group, is planning to build a major new distribution hub on the former Gerber Foods Factory site in Bridgwater, Somerset.
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Arqaam Capital sells Chesterton stake
Dubai-based Arqaam Capital has sold its stake in Chesterton to the two other shareholders, Vincent Tchenguiz’s Property Consensus Group and Credit Mercantile Group.
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US prices down as credit crunch lingers
American house prices have fallen as much as 3.5% in the third quarter in some states, with Florida, California, Arizona and Nevada the worst hit. Daily Telegraph
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OnlineGrimley transformed by private equity cash
GVA Grimley has sold 26% of its business to Lloyds TSB’s private equity arm to fund future acquisitions. Grimley has secured £40m funding from Lloyds TSB Development Capital (LDC) and has converted from a limited liability partnership to a limited company.
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News
Mapeley falls on debt rumour
Mapeley shares fell 176p to a new low of £13.20 amid rumours that talks on refinancing debt may be proving difficult, forcing it to launch a rights issue. The Times
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News
HBOS sets sights on ailing Paragon
Paragon, the troubled buy-to-let lender, is set to come under attack from HBOS, one of its main rivals. The Times
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News
Point of maximum pessimism still not here says Thames chief
Commercial property is yet to reach 'the point of maximum pessimism' amid widespread fears of heavy price falls next year, according to one fund manager. Financial Times
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News
Property exchange closed after rule breach
The UK’s only residential property stock exchange, the Property Investment Market, has been forced to suspend its business after failing to meet new European financial regulations. Financial Times
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News
Nine of ten houses could be zero carbon
Nine out of 10 new homes could be made zero carbon if small-scale renewable energy generation were installed, according to the Renewables Advisory Board, which found the market for microgeneration was likely to be worth £2.3bn a year in 2016, as householders installed solar panels, mini wind turbines and systems ...
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News
Calcutt moots penalties for housebuilders
Housebuilders that fail to reach a certain level of customer satisfaction will be barred from bidding for public land, under a radical proposal in an official report. Financial Times, Daily Telegraph, The Times
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Brown to face casino legal challenge
Manchester is threatening to take the government to court over Gordon Brown’s decision to scrap a Las Vegas-style super-casino promised to the city. Financial Times
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Cerberus moots Rock merger with troubled US lender
Cerberus, one of the private equity firms bidding for Northern Rock, is planning to merge the UK lender with its ailing US residential mortgage business ResCap, it has emerged. the Independent. .
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Rock chief set for payout as lawyers circle
Adam Applegarth, the chief of Northern Rock, looks set to get as much as £380,000 when he leaves the embattled bank next year, in spite of claims that any payment would be an 'insult' to the millions who have suffered from the lender’s turmoil. Financial Times, The Times Daily Telegraph ...
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Schroder buys in Hanover
Schroder Property has increased the spending of its Schroder EuroLogistik Fonds Nr1 in Germany to E650m (£468m) following the purchase of a logistics development near Hanover International Airport.
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OnlineHinesREIT buys iconic Dallas tower
HinesREIT has purchased the iconic Chase Tower office building in its home city of Dallas for $290m (£140m).
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Ukranian group to list on AIM
Ukranian property group KDD is planning to list on AIM, it revealed today.
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Enterprise still looking for REIT way forward
Pub group Enterprise Inns said it was still exploring the possibility of converting to a REIT, despite receiving a set back from Revenue & Customs yesterday.
