All Property Week articles in 24 August 2007 – Page 9
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Royal London appoints interim property head
Gareth Dickinson was today appointed interim head of property at Royal London Asset Management . Dickinson will report directly to RLAM CEO Andrew Carter. His appointment follows Julia Martin’s decision to leave the fund manager to take up a new role at King Sturge . ‘Gareth has proved himself as ...
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CBRE appoints new planning head.
Chris White has joined CB Richard Ellis to head the planning and regeneration department in Birmingham.
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Quorum Estates acquires 15,000 sq ft in Macclesfield.
Cheshire-based developer Quorum Estates has acquired a former mill in Macclesfield for redevelopment.
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Mitsui sells City offices - Times
Mitsui has sold for £135m two City of London office buildings to private clients of DTZ.
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Baugur raises Debenhams stake – Daily Telegraph
Baugur has increased its stake in Debenhams to 11%.
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Former Hilton chief to join hotel developer - Times
US hotel property investor Strategic Hotels & Resorts has appointed Sir David Michels to the newly created role of senior European strategist.
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Quintain wins Wembley consent - Times
Quintain Estates & Development has gained detailed planning consent for a 10-storey development next to Wembley Arena.
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Oakdene buys Sussex port - Times
Oakdene Homes is to buy the port of Newhaven and surrounding land in East Sussex.
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Brixton posts strong results - Times
Brixton’s released its first-half figures yesterday, showing a rise in net asset value per share of 11.4% to 595p, ahead of analysts’ forecasts.
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Persimmon defies sub-prime gloom - Times, Daily Telegraph, Guardian, Independent
Persimmon yesterday posted half-year forward sales of £1.35bn, up from £1.3bn a year ago, and a 9.8% rise in interim pretax profits to £281.1m, ahead of analysts’ expectations.
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Brixton reports strong half-year results
Brixton, the listed UK industrial property company headed by Tim Wheeler, today produced a forecast-beating set of half-year results.
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Countryside gets go-ahead in Salford
Countryside Properties has been granted planning permission from Salford City Council for the next phase of the regeneration scheme in Lower Broughton, east Salford.
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BPF backs plans to abolish ‘blinkered’ planning law
The British Property Federation has today backed Government plans to scrap a planning rule which it said would not be effective in reducing carbon emissions.
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Big London property deals unaffected by market jitters– Daily Telegraph
Asset-backed property deals in the capital are continuing to attract investors despite the recent market turmoil
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Vincent Tchenguiz buys stake in coin trader – Financial Times, Daily Telegraph
Property investor Vincent Tchenguiz bought an 8% stake in coin trader Noble Investments.
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Northern Rock sells £500m loans – Financial Times, Daily Telegraph
In its first official statement since the onset of the sub-prime market crisis, Northern Rock yesterday said it had minimal exposure to US sub-prime mortgages and that it had sold nearly £500m of commercial property loans.
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St Modwen shares hit by ‘sell’ note - Times
Shares in St Modwen fell by 6p to 514p, as the industrial developer was hit by a Merrill Lynch ‘sell’ note
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Gazeley appoints new business development director
Gazeley has made a number of changes to its top-level management team.
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Shaftesbury to create ‘mini-Covent Garden’ - Times
Shaftesbury has won planning permission to redevelop a 2 acre derelict island site near Leicester Square into a mini-Covent Garden worth up to £250m.