All Property Week articles in 24 August 2007 – Page 8
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News
ProLogis sets up $14bn fund quartet
Shed specialist spreads exposure to Europe, Mexico, South Korea and US
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News
Irish bag £10m Galliford portfolio
Galliford Try has sold its Southern Office portfolio in a £10m sale and leaseback to an Irish-based investor a net initial yield of 5.75%.
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LandSecs joins Caddick for 1m sq ft Leeds ‘Bullring’ ...
Companies to redevelop and combine neighbouring retail schemes into Trinity Leeds
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Online
£960m trust hit by shares slump
The UK’s largest property investment trust is to ask shareholders if it should continue trading after a slump in its share price.
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Online
Procter & Gamble hangs on to JLL
Procter & Gamble has retained Jones Lang LaSalle as the global provider of its facilities and property management services.
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Slashed City bonuses ‘will slow down luxury resi market’ - Times
Knight Frank has said that sales of luxury central London flats may be affected by fears that City bonuses will be slashed.
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Laxey backs Carlyle's Freeport bid – Financial Times
Laxey Partners, the biggest investor in Freeport, is backing a takeover bid by US private equity group Carlyle, despite an appeal by Carlyle to the Takeover Panel to withdraw from the deal.
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Lehman to shut subprime division – Financial Times
Lehman Brothers plans to close its subprime mortgage unit, BNC Mortgage, shedding 1,200 jobs.
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Regions bid for UK energy centre – Financial Times
Scotland, north-east England and the Midlands have been shortlisted for the headquarters of the government’s proposed £1bn Energy Technologies Institute.
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News
Bank of America to take £lbn Countrywide stake – Daily Telegraph, Independent
Countrywide Financial is on the verge of agreeing a $2bn (£1bn) cash injection from Bank of America.
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Dubai World to invest $5bn in Vegas casino – Times, Financial Times, Guardian
Dubai World, the emirate’s state-controlled investment vehicle, is to invest $5bn (£2.5bn) into a partnership to develop casinos with MGM Mirage.
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News
Sackville buys Standard Life portfolio - Times
Standard Life Investments Property Holdings has sold five office buildings and one industrial property for £41.5m to Sackville Properties.
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News
Profits warning for Dobbies - Daily Telegraph, Times, Financial Times
Dobbies Garden Centres has warned it will miss City profit forecasts following the poor summer.
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News
Erinaceous ends takeover discussions – Daily Telegraph, Times
Erinaceous has ended talks with potential takeover bidders.
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News
Delek to develop on car parks - Times
Delek is planning deals with developers to build on top of 40 of its 131 NCP car parks.
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Online
Delek announces £55m pretax profit
Delek Global Real Estate made a pretax profit of £55m in its maiden interim results, announced this morning.
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Online
Erinaceous sale talks end
Erinaceous, the AIM-listed property services firm, is no longer in talks to sell itself.
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Online
Culina takes Suffolk distribution shed.
Culina Logistics, the distribution arm of Muller Dairy, has taken a pre-let at a rent believed to be around £5 per sq ft on a 191,000 sq ft distribution shed at Haverhill Business Park in Suffolk.
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Negative feeling towards commercial property grows
Sentiment towards UK commercial property is getting increasingly negative by the day, according to the latest research by Drivers Jonas.