All Property Week articles in 23 October 2009 – Page 2
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Concerns over Ladbroke's exposure to Hilton Hotels' $20bn debts
Blackstone’s plans to reduce Hilton Hotels’ $20bn (£12.8bn) debt pile has reignited concern over Ladbroke’s exposure to the struggling hotel chain.
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MBS market reopens in old style
When Northern Rock decided to wind down its Granite master trust – now to be placed in the lender’s “bad bank” rump – industry insiders predicted the death of a structure that had helped the UK dominate the European mortgage-backed market.
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Tories to hand power on housing to communitiesLucy Alexander
A Conservative government would solve the housing shortage by scrapping national targets and handing control over building projects directly to local communities, according to Grant Shapps, the Shadow Housing Minister.
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House price mini-boom slows as Christmas looms
The unexpected “mini-boom” in house prices continued in September, according to the latest official figures, but analysts have said that a slowdown in the pace of the recent rebound has begun.
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O’Neill takes four Sandcity stores
O’Neill, the boardwear brand, has taken over four former Sandcity stores. Sandcity Limited, the boardwear subsidiary of Blacks Leisure Group, went into administration earlier this month.
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Retail sales in property funds double in September
Property funds saw net retail sales more than double in September according to the latest figures from the Investment Management Association (IMA).
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Pets At Home signs in Bury St Edmunds
A former Allied Carpets store on St Edmundsbury Retail Park in Bury St Edmunds has been let by Standard Life Investments to Pets At Home.
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Le Labo to debut in Marylebone Village
The UK’s first stand alone Le Labo store is due to open in Marylebone Village.
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Holiday Inn to open at MediaCity
Peel Leisure has signed up Intercontinental Hotels Group to open a new Holiday Inn hotel at MediaCityUK in Manchester.
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Tiger’s £250m Edinburgh plans rejected by Scottish ministers
Tiger Developments’ plans for a £250m scheme in Edinburgh’s Haymarket area have been thrown out following a public inquiry.
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Glasgow’s 141 Bothwell Street fully let
Premier Property Group has completed deals totalling almost 80,000 sq ft at its 141 Bothwell Street building in Glasgow, leaving the building 100% occupied five months after practical completion.
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JSM Indochina buys 'distressed' Vietnam towers
JSM Indochina has bought two ‘distressed’ luxury residential tower schemes in Ho Chi Minh City for $65m.
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Hong Kong developers seek land sale revamp
Hong Kong’s biggest developers called on the government to revamp the way it sells land after tight supply led home prices to surge 28% this year.
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Dubai bond sale attracts $6.5bn
Dubai’s planned Islamic bond issue attracted bids worth $5bn for the dollar-denominated offer and 5.7 billion dirhams ($1.55bn) for the dirham-floating note, bankers involved in the deal said today.
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US landlords cut rents and raise incentives
Some of the country's top office-building owners reported they are cutting rents and increasing tenant incentives to keep buildings filled during one of the worst commercial real-estate markets in decades.
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Northern Rock said to win EU approval to hive off bad assets
The U.K. government today will win approval from the European Commission to divide Northern Rock Plc into two parts, hiving off potentially toxic assets into a new entity, a person familiar with the decision said.
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Kent hotel scheme to get revamp
Shepway District Council has approved planning permission for a £12m redevelopment and extension of the Hythe Imperial Hotel in Kent.
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Jones Lang LaSalle back in the black
Jones Lang LaSalle made a net profit of $20m, or 46c a share, during the third quarter of this year but failed to meet analysts’ targets.
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Hollister signs in Aberdeen
Hollister, a sister brand of Abercrombie & Fitch, is to open its first Scottish store at Union Square, which opens to the public tomorrow.
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Tesco Bank takes 100,000 sq ft at Quorum
Tesco Bank has signed up for 100,000 sq ft at Quorum Business Park in Newcastle in a major deal for the region.