All Property Week articles in 23 October 2009 – Page 5
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Barratt frets over Royal Mail strikes
Barratt Developments, the property group in the thick of a £720 million rights issue, today expressed concerned about the effect of the postal strikes on its proposed capital raising, as it issued an urgent statement warning shareholders to respond quickly to take up their entitlement.
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Capella gets go ahead for £100m Glasgow scheme
Capella Group has been given the green light for its £100m Atlantic Square project in Glasgow.
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Land Securities sells £48m Welwyn Garden City shopping centre
Land Securities has exchanged contracts with LaSalle Investment Management to sell the long leasehold interest in The Howard Centre, Welwyn Garden City, Hertfordshire for around £48m.
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MORNING AFTER: Accessible Retail conference
Landlords, occupiers and politicians were in attendance at the Accessible Retail conference last week, co-sponsored by Property Week.
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Jernhusen buys Stockholm hotel for €50m
Swedish property company Jernhusen has bought the leasehold to Hotel Scandic Continental in Stockholm for €50m.
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Candy & Candy start legal proceedings over Chelsea Barracks
Candy & Candy has started legal proceedings against the Qatari Diar Real Estate Investment vehicle which owns the Chelsea Barracks site over alleged £1m unpaid marketing fees.
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Terrace Hill seals £27.6m Sainsbury forward-funding deal with Aviva
Terrace Hill has completed a forward funding agreement with Aviva Investors Pensions for the development and sale of a Sainsbury store in County Durham.
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Artist Ron Haselden’s work unveiled at New Street Square
British artist Ron Haselden’s latest work has been unveiled at Land Securities’ New Street Square in London this week. The installation, commissioned by Land Securities, is London’s first piece of neon interactive art.
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HK property bubble 'could reach level of 1997'
Analysts warn that Hong Kong could see a repeat of the 1997 property bubble as government figures show that the supply of new flats has dropped to a five-year low, a condition that could boost prices to unsustainable heights.
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Capmark Financial bankrupt $21bn in debt
Capmark Financial Group, the lender owned by Goldman Sachs Group and KKR, among others, filed for bankruptcy protection after posting a second-quarter loss of about $1.6bn.
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World eyes 2010 sales push
Real estate companies in charge of a number of islands in Nakheel's The World project are planning a return to the sales market in the second half of 2010, it has been reported.
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Qatar rent law change gives tenants more protection
Tenants in Qatar have been given more protection under changes to the Gulf state's rent law.
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Abu Dhabi rents stablise
Apartment and villa rents in Abu Dhabi were relatively stable in the third and early fourth quarters and saw marginal declines, a report said on Sunday, amid increasing signs global property markets are recovering.
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Gemdale posts higher profits
Gemdale Corp, China’s eighth- biggest property developer by market value, said third-quarter profit rose more than fourfold after it wrote back a charge.
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Lending tightened on HK luxury homes
Rising housing prices in Hong Kong have spurred the government to introduce measures to rein in growth by tightening mortgage criteria for home buyers and investors.
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Oz auctions put pressure on interest rates
Another strong weekend for property auctions has intensified pressure on the Reserve Bank to increase interest rates.
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El Paso booms as Mexicans flee drug violence
El Paso, Texas, on the Mexican border, feels like a boomtown these days, as entrepreneurs fleeing drug violence in Ciudad Juárez head across the Rio Grande to open hip clubs and hot restaurants here.
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Property developers back plan to pay councils to build
The British Property Federation has backed moves put forward by the Conservatives today to improve the planning system, kickstart housebuilding and promote local community development.
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The Candy brothers and Smith & Williamson to launch £100m Central London residential fund
Christian Candy’s CPC Group has teamed up with Smith & Williamson Investment Management to launch a central London high-end residential property fund called the Candy & Candy Property Growth Fund.
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Unbelievable returns, thanks to government
Investment strategies designed to profit from government intervention in the markets would appear to be mushrooming. The desire of many western political elites to ensure the living standards and general wellbeing of their populaces do not suffer in the wake of the credit crisis is producing some spectacular market distortions ...