All Property Week articles in 24 October 2003 – Page 2
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News
Drivers Jonas opens in Germany
Drivers Jonas has continued its European expansion programme, launching a German office in Frankfurt. Former chairman Rod Jones will head the team, which will initially comprise five staff, including Frank Kunze and Henry Robinson, both formerly of DTZ ’s German office.
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Professional
Planning for deregulation
Proposals for deregulating parts of the planning system by developer Roger Zogolovitch and architect Simon Allford should interest the property industry, argues Lee Mallett
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News
Manhattan view: Steve Cuozzo
The New York Times Company said last week that its planned new headquarters tower won’t be finished until late 2006 or early 2007, two years behind schedule. The problem is that its development partner, Forest City Ratner Companies, has been unable to obtain construction financing for the half of the ...
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News
Government starts search for law court team
The government's Department for Constitutional Affairs (DCA) has started its search for a panel of property advisers to manage a private finance initiative that is set to transform the law courts. The DCA is looking to appoint a panel of around four to six advisers across four areas – project ...
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News
Councils to take control of rates
Councils could win back control of business rates after the government launched an enquiry into the feasibility of relocalising the levy. The plan would give rise to the potential for a different rate in all 440 local authorities instead of the existing uniform business rate. The suggestion forms part of ...
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News
Claridge’s up for sale
Claridge’s hotel in Brook Street, London W1, has been put up for sale by its owners Blackstone Group and US investor Colony Capital for an estimated £300m. The 203-bedroom hotel, which is part of the Savoy Group, has appointed Deutsche Bank and Jones Lang LaSalle Hotels to sell the ...
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News
Churston Heard JV established
Churston Heard, the specialist retail adviser, is setting up a new joint venture with property manager Collier & Madge to handle all of the firm s management instructions. The new company will begin trading on 1 November. Collier & Madge manages schemes which have a rent roll of £120m. ...
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Insight
A new tax on homeowners would be a catastrophe for New Labour
Tony Blair's minor health scare last weekend may be much ado about nothing. However, it raises yet again the prospect of him handing over his Downing Street home to the other party in the now infamous 'deal' at Islington's Granita restaurant. The Brownites may well believe that the succession is ...
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News
‘Canary Wharf of the Gulf’ unveiled
The London property market had a chance to see the $1.3bn Bahrain Financial Harbour development this week the scheme dubbed the Canary Wharf of the Gulf . The development, which is earmarked for a prime site around the harbour in the Bahrain capital Manama, was revealed ...
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Insight
Chelsfield and Canary: a tale of two takeovers
Buying a property company in 2003 is far tougher than when the likes of Harold Samuel were buccaneering around post-war London and building up what has evolved into Land Securities.
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Insight
Who will buy Chelsfield?
Instead of recommending chairman Elliott Bernerd's offer for the company, the Chelsfield board has thrown open the door for others to bid. But who will come forward and what will they offer?
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InsightBranching out
Imminent reform of use classes will put banks where they want to be in modern, glass-fronted units on the high street.
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News
Ritblat turns teddy boy with franchise deal
British Land is backing a US retailer that sells teddy bears. The FTSE-100 company has taken a stake of around 9% in the UK franchise of Build-A-Bear, a US concept which allows children to make their own teddy bears. Other investors are Guy Weston, whose family owns Fortnum & ...
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News
RIBA proposes 'licensing' to boost housing supply
The Royal InstitutE of British Architects is proposing a radical 'licensing' system to speed up small-scale development in urban areas. Next week the institute will submit its ideas to the Barker Review of Housing Supply, which has been commissioned by the chancellor and the deputy prime minister to investigate ways ...
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Professional
Some planning is better than none
Allford and Zogolovitch too late with their proposals
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Markets
Bellway joins rush for Thames Gateway
Newcastle-based Bellway is to be the latest housebuilder to focus on the Thames Gateway and take advantage of government proposals for more than 100,000 new homes in the area by 2016. Bellway already operates in the south-east but it has announced that it will open a new division in the ...
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News
Bechtel seals west London’s biggest office letting
engineering company Bechtel has agreed a new 10-year lease at its headquarters in Hammersmith, putting an end to West London’s largest office search. The move will disappoint agents in the London market, who were hoping Bechtel would relocate. Bechtel has agreed to stay at its 167,000 sq ft (15,515 sq ...
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News
Five-year swap rate rise fails to deter Nelson Bakewell buyers
The rise in the cost of of borrowing did not deter private investors at Nelson Bakewell 's sale, which raised £23m. The sale, on 13 October, had an overall success rate of 86% from 49 lots offered. Nelson Bakewell auctioneer James Cannon said he was encouraged that the rise in ...
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