All Property Week articles in 24 July 2009 – Page 5
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Nomura eyes US growth
Nomura is looking to increase headcount in the US by as much as 40% as part of its goal to become a globally competitive investment bank, said Takeo Sumino, its new US chief operating officer.
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US new house sales surge by 11%
New house sales in the US jumped by 11% in June, providing some of the strongest evidence yet that the market has bottomed out after being savaged for three years.
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City Property Association challenges Boris Johnson on London Plan
The City Property Association has raised some challenges about key issues in London mayor Boris Johnson’s proposed changes to the London Plan.
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Stalled developments to be kick-started
Hundreds of stalled developments have been shortlisted for a share of a £925m pot to help restart housing construction that has been stopped by the downturn.
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High street recovery claims 'premature'
Signs of improving trade on Britain's high streets are unsustainable and a lasting recovery may not emerge until 2011, the ratings agency Fitch said yesterday.
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Aviva scheme to shake up rental sector
Britain’s housing landscape is set for one of its most profound changes in more than half a century after pension funds confirmed plans to build blocks of homes for private rental in areas of greatest need.
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Wolseley to quit three EU states
Wolseley will quit its businesses in three European countries and expects further weakness in its core North American plumbing division as the decline in private-sector building work gathers pace.
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Bischoff to chair Lloyds bank
Sir Win Bischoff, the former chairman of the US megabank Citigroup, is to become chairman of Lloyds Banking Group when, Sir Victor Blank, steps down in September.
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GVA Grimley appointed to masterplan part of Stockport
Stockport Council and the Homes and Communities Agency has instructed GVA Grimley to prepare a masterplan for Covent Garden Urban Village, next to Stockport town centre.
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Manchester presses play on new school of Music
Manchester City Council has given the go-ahead for a masterplan proposal including a new 100,000 sq ft school building for Chetham’s School of Music and opening up the English-speaking world’s oldest public library, Chetham’s Library.
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Prupim’s green measures save CO2 and water
Prupim saved 56,000 tonnes in CO2 emissions over 2008 – the equivalent of taking 18,000 cars off the road for a year.
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Prime shopping centre vacancy rates drop 25%
Prime shopping centres in the UK have seen vacancy rates fall by 25% since January 2009.
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ECf goes large in Salford
English Cities Fund has today submitted what it says is the biggest planning application in Salford’s history.
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CBRE debt team secures £79.3m debt for Evans Randall City purchase
CB Richard Ellis’s EMEA debt advisory team has secured £79.3m in debt financing for Evans Randall’s £127m purchase of the Milton Gate scheme in the City of London from UBS Global Asset Management.
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270 schemes shortlisted for HCA kickstart funding
Housing Minister John Healey and the Homes and Communities Agency have revealed 270 stalled development projects across the country that have been shortlisted for a share of £925m kickstart funding.
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Hotels suffer tough first six months of 2009
Hoteliers across the UK have experienced a difficult first six months of 2009 with declines in occupancy, room rate and rooms yield, according to preliminary monthly figures released today by PKF Hotel Consultancy Services.
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AXA REIM agrees Chinese joint venture
Europe’s AXA Real Estate Investment Managers (AXA REIM) has signed an memorandum of understanding with China’s Ping An Trust to co-invest in developing residential projects in China.
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RICS launches guides for estate agency
The RICS has launched a ‘definitive guide’ for estate agents to raise agency standards and improve the consumers’ experience of the home buying and selling process.
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Regent Quarter at King’s Cross fully let
LaSalle Investment Management has let the last available unit at Regent Quarter at King’s Cross.
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Jurys Inns secures £60m for expansion
Jurys Inns Group has completed a £60m fundraising to fund expansion of the 28 hotel chain.