All Property Week articles in 24 July 2009 – Page 6
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Manchester take-up down, but not out, says CB Richard Ellis
Office take up in Manchester city centre in the first half of this year was ‘significantly’ down on last year but it looks set to improve over the rest of the year, said CB Richard Ellis.
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Liberty confirms strategic review of business
British retailer Liberty confirmed this morning it was appointing strategic advisers to conduct a strategic review of the business.
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New Star sells in Croydon
CBGA has bought Metro Point in Croydon from New Star Asset Management on behalf of private Israeli clients.
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Investment sentiment improves in second quarter says BH2
Investment sentiment in the City of London office market for securely let prime assets has continued to improve in the last three months, according to property services firm BH2.
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Avanta and US Regent team up
Avanta Managed Offices and US-based Regent Business Centers have teamed up to provide office space for companies looking on both sides of the Atlantic.
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Make to design scheme for Brighton Conference Centre
Standard Life Investments and Brighton & Hove City Council are expected to confirm today that Ken Shuttleworth’s architect firm Make will be the lead consultant for the development of the Brighton Conference Centre site
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Business rates revaluation makes Britain most taxed property economy in Europe
Britain is the most heavily taxed property economy in Europe and is set to get worse as a result of the business rates revaluation, according to research from Lambert Smith Hampton.
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PEPR secures £86.1m Eurohypo loan
ProLogis European Properties (PEPR) has secured an £86.1m (€100m) loan from Eurohypo.
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HK new flats supply lowest in five years
Hong Kong may be in recession, but the limited supply of new flats - now at a five-year low - has helped push up residential property prices in the past few months, and they could go higher if the economy improves, experts say.
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$930bn-worth projects underway in UAE
A total value of nearly $930bn-worth projects in the construction and other sectors are underway in the UAE, according to a report.
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Fit-out boss sees Gulf market revival by 2011
The property markets in the Middle East will start to recover by the beginning of 2011, the head of a firm, a Dubai-based interior fit-out giant has said.
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Joint venture secures St Regis scheme
A joint venture between Al Habtoor Leighton Group and Murray & Roberts has won the contract to build the St Regis Hotel and Residences on Saadiyat Island in Abu Dhabi for the Tourism Development and Investment Company.
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Calpers to buy back 86 US shopping centres
Calpers, the US’s biggest pension fund, which this week unveiled the steepest drop in its assets in its 80-year history, has agreed to buy back a portfolio of 86 US shopping centres for $1.73bn, about $1bn less than it sold it for four years ago.
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Six Indian property firms plan $2.5bn raisings
At least six real estate firms plan to mop up more than $2.5bn from the capital markets by December, 18 months after poor response forced Emaar MGF to scrap its Rs 6,500-crore maiden share issue a day after it opened in February last year.
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Itochu to acquire REIT Nippon Residential
Itochu Corp is seeking to acquire a real estate investment trust under the wing of failed real estate fund operator Pacific Holdings Inc.
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Hussey plans £500m fund
Mike Hussey is in early talks to set up a £500m investment vehicle to snap up undervalued property in the UK and on the Continent.
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Housing 'may have stabilised'
House prices were unchanged in July for the third month running, housing market analyst Hometrack said today, suggesting the slump in the property sector may finally have come to an end.
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Retailer Liberty up for sale?
Liberty, the top London department store, could soon have a new owner after kicking off a strategic review of the business, with a view to expansion
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Confidence slowly returning to commercial property
Confidence is slowly returning to the commercial property market on the back of reports from surveyors that the fall in tenant demand for offices and shops has started to slow.
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Mass produced flats 'could stimulate sector'
A tenant could soon be able to walk into a block of flats in almost any town in the UK and find identical features and quality, under plans to introduce US-style mass-produced rental accommodation.
