All Property Week articles in 23 November 2007 – Page 2
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OnlineInvista trust sees 7.9% asset value drop
Invista Foundation Property Trust today revealed a fall in net asset value of 7.9% in the third quarter.
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OnlineBig Yellow agrees Pramerica tie-up
Self-storage company Big Yellow has agreed a £150m joint venture with Pramerica Real Estate Investors to develop new stores in the Midlands, the North and Scotland.
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Online
Panayiotou buys Scottish hotel
Andreas Panayiotou’s Ability Group has bought Dunblane Hydro hotel in Perthshire as part of his move into hotel property.
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Online
Go ahead for mixed use scheme in Stanmore
Berkeley Urban Renaissance has got the go-ahead for a mixed-use project in Stanmore in north west London.
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Online
Making Places buys 365-acre site
Making Places, a joint vehicle between social housing provider Places for People and land regeneration specialist Cofton, has bought one of the biggest residential regeneration sites in the UK.
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News
A&L tipped to write-off 'toxic loans'
Alliance & Leicester is expected to make significant write-downs on the value of its holdings of so-called 'toxic loans' in its trading update. The Observer
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News
Property faces worst year since 1990
The commercial property market is facing its worst year since the early 1990s, according to forecasters that include CB Richard Ellis. Sunday Times
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News
Rivals seek to rein in Tesco
Tesco’s rivals will seek to block the unrelenting expansion of the supermarket chain this weekend when they submit initial responses to a Competition Commission inquiry into the grocery sector. Sunday Times
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News
River Island owners to build Barbados complex
A luxury £100m apartment development on the Caribbean island of Barbados is being planned by the owners of the River Island retail chain. Sunday Times
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News
Paragon plans £140m car loan sale as backers stay firm
Paragon, the beleaguered mortgage lender, is planning to sell a £140m portfolio of car loans as part of its attempts to avert an emergency rights issue. Daily Telegraph, The Sunday Times
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News
Croudace puts up For Sale sign
Croudace has emerged as the latest privately owned house builder to put itself up for sale. Sunday Telegraph
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Schroders tells investors to wait for cash
Schroders, one of Britain’s biggest property fund managers, has been forced to tell its investors that it is set to miss deadlines for the return of their cash because of the liquidity crisis in the underlying market. Sunday Telegraph
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News
Branson to make Rock a Virgin
Sir Richard Branson’s Virgin Group is the preferred bidder for Northern Rock, the stricken lender. BBC, Financial Times, Daily Telegraph
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News
Seaside retreats feel pinch of credit crunch
House prices in Britain’s most expensive second-home hotspots have been hit by the expected slump in City bonus money this winter, new research out today reveals. The Times
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News
Biggest drop in house prices since 2005
House prices fell this month at the fastest rate since July 2005 as the number of new buyers declined more swiftly even than the faltering supply of homes for sale. The Times
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News
Stamp duty cut urged to defray green house costs
Every household in Britain will have to pay at least £100 a year more for energy within the next two decades if the Government is to meet its promises to tackle climate change, say a Confederation of British Industry task force.. Daily Telegraph, Independent, Times.
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News
Crazy golf challenge to Trump's dream
A salmon fisherman involved in a stand-off with Donald Trump is threatening to build a crazy golf course next to his planned resort and links courses in Aberdeenshire. Daily Telegraph
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News
Abrahams sparks Labour donation inquiry
Labour is facing an independent inquiry into its finances after a property developer admitted donating hundreds of thousands of pounds to the party and keeping his role a secret. Daily Telegraph, BBC
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News
Consumers hit as fixed mortgagse expire
Personal insolvencies could start rising again next year as higher mortgage payments cause strain on over-indebted consumers, according to a new report. Financial Times, Daily Telegraph
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Derivatives point to 7% house price fall
The City is betting on UK house prices falling by 7% next year in new tradeable derivatives contracts, one indicator of the market’s direction as millions of pounds are riding on the outcome. Financial Time
