All Property Week articles in 24 April 2009 – Page 11
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Derelict Derby site set for redevelopment
Developer Lowbridge (Derby) is set to unveil plans for a 100,000 sq ft development on a derelict site at Friar Gate in Derby in the East Midlands.
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Funds halt capital raising to deal with issues
Investors and fund managers have switched their focus away from raising capital to dealing with issues in existing investments, according to two studies from INREV.
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Lend Lease and Southwark Council '100%' committed to Elephant and Castle
Lend Lease and Southwark Council’s exclusivity agreement for the £1.5bn redevelopment of Elephant and Castle in London expires on 1 July, but the council remains ‘100% confident’ in the partnership, it said today.
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Manchester Met Uni picks DJ for property advice
Manchester Metropolitan University has appointed Drivers Jonas to provide strategic planning advise on its large property portfolio.
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Homes launched at Cornwall resort
The Cornwall Hotel, Spa & Estate has launched a new holiday home development as part of its £30m resort scheme at Tregorrick, near St Austell.
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¥725bn trade deficit Japan's first for 28 years
Japan's trade balance plunged into a deficit of ¥725.32bn in the year through March, the first red ink for a fiscal year in 28 years, hurt by earlier rises in commodity prices and slower exports to the United States and other economies, the Finance Ministry has said.
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Foreclosures prompt bidding wars
Falling US home prices are starting to ignite bidding wars in a few parts of the U.S. as first-time buyers compete with investors for the same foreclosed properties.
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Deserted islands hit GPT Group
GPT Group's $200m islands and lodges portfolio is likely to fetch only half its earlier book value, with one outback lodge in Queensland labelled 'unsalable' by analysts.
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Stockland slashes profit forecast by 69%
Stockland Group cut its earnings guidance for this fiscal year by 69% on write downs to its inventories and UK business.
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Melbourne office vacancy set to rise
Office vacancy rates in Melbourne could reach double figures in six months, according to a market report.
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Ajman developers seek to trade land for credit
Developers unable to complete their projects in Marmooka City are hoping to trade their land for credit notes from the Ajman Government.
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Islamic funds look to lend
The UAE’s two largest Islamic home loan companies will need to secure adequate funding before they can re-start lending, the chairman of Tamweel said yesterday.
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Property industry slams failure to help REITS
Alistair Darling’s failure to reform empty rates and REITs 'defies logic', the property industry said yesterday.
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Prime office rents down
CB Richard Ellis reported that prime office rents across Europe had fallen during the first quarter and yields had risen. In Western Europe rents fell by 3.4% in the quarter, taking the year-on-year rate of growth to minus 4.1%.
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New Europe bids for Carpathian
New Europe Property Investments, the property investment company, has made a takeover offer for Carpathian, the Central European property specialist that was formerly part of the Dawnay, Day empire.
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House sales jump 40%
Hopes of a revival in the UK property market were given a fresh boost today as official figures showed that home sales jumped 40% last month.
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Mortgage lending rises 16%
The amount of money lent in UK mortgages rose by 16% to £11.5bn from February to March, but the figures were down 52% on March 2008.
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£500m boost for housing
The UK house building industry, which has been struggling with the downturn in property prices and purchases for the past year, received a £500m boost from the Budget.
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Freddie Mac 'suicide'
The chief financial officer of Freddie Mac has died in an apparent suicide as the huge American mortgage lender and guarantor remains under investigation over accounting and disclosure methods.
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Stamp duty break extended
First-time buyers looking to take advantage of low house prices have been given until the end of this year to avoid stamp duty if they are spending £175,000 or less on a property.
