All Property Week articles in 24 July 2009 – Page 4
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Shops report best month in a year
The surprising resilience of consumers in the downturn shone through in July, as shops reported one of their best months in a year.
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Green light for Paternoster Square development
St Martins Property Group has won planning consent for a scheme at one of the last remaining development sites around St Paul’s Cathedral and Paternoster Square in the City of London.
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Tesco raises €63m in sale and leaseback
Investment firm WP Carey has provided €63m ($90m) in alternative long-term finance through the sale and leaseback of Tesco’s logistics portfolio in Hungary.
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SNP moves HQ in Edinburgh
The Scottish National Party (SNP) is moving its headquarters to Gordon Lamb House in Holyrood, Edinburgh.
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Kenmore Land gets the green light for Farnborough data centre
Kenmore Land, a joint venture between Kenmore Property Group and Revcap, has got the green light to develop a 484,200 sq ft data centre park in Farnborough.
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High Street retail sales fall again
UK High Street retail sales fell for the third month running with the forecast for August predicted to be no better, the CBI distributive trades survey revealed.
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Dossett to leave Henderson New Star
Henderson Global Investors has appointed Mark Carpenter, a director in its property division, as head of Henderson New Star property funds, replacing Roger Dossett.
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Central St Giles tops out
Legal & General and Mitsubishi Estate Company’s Central St Giles scheme in London’s West End has topped out.
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Wales steps up plans for JESSICA regeneration fund
The Welsh Assembly Government has outlined details of its plans to set up the first Welsh Urban Development Fund (UDF) using European funding to invest in regeneration schemes.
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Cup cake bakery signs in Covent Garden
Covent Garden has signed Ella’s Bakehouse, the cup-cake emporium founded by former model Lorraine Pascale.
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New conservation area for London's Hackney Road
Hackney Council has designated a new conservation area along Hackney Road.
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Property agents could lose millions in commission following High Court ruling
Property agents could lose out on millions of pounds worth of commission following a High Court ruling which has undermined agents’ entitlement to fees for introducing buyers to sellers, according to law firm Wedlake Bell.
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Indian property sales seen slumping in June quarter
Mid-cap real estate developers are expected to show a slump in sales by half to as much as 90% in the June quarter, as home buyers stay clear of purchases, according to a poll of brokerages by Reuters.
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BofA to cut 10% of branches
Bank of America chief executive Kenneth Lewis told investors last week he is planning to shrink the company's 6,100-branch network by about 10%, a pullback from the two-decade expansion that took the bank from coast to coast.
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Oz Bank warns of housing market bubble risk
Researve Bank governor Glenn Stevens has warned Australia is at risk of a property market bubble, with prices inflated by the low cost of finance and a reduced supply of new housing.
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Hon Kwok Land expects sales to hit 1b yuan
Hon Kwok Land Investment expects its property contract sales to reach an 11-year high of more than one billion yuan (HK$1.13bn) this year despite credit controls on second-home purchases.
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Dubai broker to open in Doha
Dubai's biggest real estate broker Better Homes is to open an office in Doha, in an effort to beef up its presence across the region, it said on Sunday.
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Company air con prices hikes at Doha Pearl
Qatar Cool, a company which provides chilled water for air conditioning, has denied claims it has hiked charges by nearly 200 percent at The Pearl, a $14bn seaside project in Doha.
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Almost $165bn of commercial loans due this year
Almost $165 billion in US commercial real estate loans will mature this year and need to be sold or refinanced as rents and occupancies fall, according to First American CoreLogic.
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Italian developer agrees debt plan
Risanamento SpA said its board agreed on a debt-restructuring plan that will allow it to get a €150m cash injection, as the Italian property developer seeks to avoid bankruptcy.