All Property Week articles in 24 July 2009 – Page 2
-
Online
Travelodge plans to become 'biggest hotel brand in London by 2012 Olympics'
Travelodge hopes to become the biggest hotel brand in London at the 2012 Olympics following the £84m exchange of six properties in the capital.
-
Online
Overseas boost for high price capital homes
Demand from overseas buyers and a shortage of supply has led to a fourth consecutive month of price rises for prime central London properties.
-
Online
Quintain covenant worries ease
Quintain Estates and Development said that it had extended its short-term debt facility from 2010 to 2013 and had reduced costs by 25% and expects to avoid breaching banking covenants after the rate of decline in asset valuations 'significantly reduced' in the last quarter. It also confirmed that it is ...
-
Online
Santander claims one in seven mortgages
Santander, which owns Abbey, said that it had taken one in seven new mortgages in the UK as it reported a 30% increase in first-half profits at its UK operations to £790m.
-
Online
Commercial property 'recovering'
Standard & Poor’s said that commercial property markets are showing signs of a recovery, with its index reporting a second-quarter rise of 37.9%, from a decline of 19.8% in the first quarter.
-
Online
BAA 'does not need to sell Gatwick'
BAA has warned potential bidders it will not sell Gatwick airport unless the asking price is met, despite its London assets incurring a £545.7m first-half pre-tax loss.
-
Online
Mortgage approvals up but well below trend
Official figures showed that some 47,584 home loans were approved during June, up from 44,169 in May, but still well below the long-term average of 93,000 approvals per month. Gross mortgage lending by building societies rose to £1.976bn in June, its highest level since December but still 40% lower ...
-
Online
Eurozone mortgage demand rises
Eurozone demand for home loans has turned positive for the first time since early 2006, while businesses are seeing a 'turning point' in the increasingly tough conditions imposed on bank loans, according to a European Central Bank report.
-
News
Decline in property returns slows, says JLL
The decline in property returns slowed in the second quarter of 2009 according to the Jones Lang LaSalle Quarterly Property Index.
-
Online
Marchday secures planning for scheme on former wool factory
Developer Marchday has received planning permission for a £100m mixed use scheme at the former Paton & Baldwins wool factory in Darlington.
-
Online
Two former Empire directors acquire three units
Two former directors of collapsed electrical retailer, Empire Direct, have acquired three of its former units to launch their own retail venture Power EC Ltd.
-
Online
Lombok bought out of administration
A financial consortium led by Privet Capital and Paradigm has bought the trading names and assets of high street furniture and accessory retailer Lombok from the administrators, KMPG, who were appointed today.
-
Online
Tell us what you think of RICS chief's salary
Do you support RICS chief executive Louis Armstrongs £406,000 salary?
-
Online
Property industry choosing to holiday at home as recession bites
Holiday hotspots like Dubai and the Maldives appear to be firmly off the horizon of all but a few in the property industry this year.
-
Online
Brixton ‘vigorously’ defends Wheeler claim of ‘no merit’
Brixton has lodged a ‘vigorous’ defence to the claim of unfair dismissal made by former chief executive Tim Wheeler.
-
Online
Charity investment income drops by £239m
Charity investment income has dropped by £239m according to research by fund manager Cordea Savills and investment manager Rensburg Sheppards.
-
Online
Listen to the new PW Podcast for some serious financial advice
This month the Property Week Podcast brings you some sage financial advice from BBC and Sky TV finance guru Justin Urquhart Stewart and Nick Hopkinson of Property Portfolio Rescue - as well as our usual celebrity stardust in the form of Capital Radio's Kat Shoob and Rich Clarke.
-
Online
Arab Investments buys Coffee Republic
Arab Investments has completed the purchase of Coffee Republic from administrators KPMG today.
-
Online
Travelex founder Lloyd Dorfman adds to London property portfolio
Lloyd Dorfman has bought 3 Lloyd’s Avenue in the City of London from Aberdeen Asset Management for £5.4m.
-
Online
Quintain extends banking facilities to 2013
Quintain said today it had extended its short term banking facility from 2010 to 2013 and achieved £11m of cost savings.