All Property Week articles in 25 April 2008 – Page 11
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Henderson buys factory outlets
Henderson Global Investors has been given the go-ahead to proceed with the purchase of a portfolio of designer factory outlets for about £380m in what would be the largest UK property deal this year. Financial Times
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Lenders reject loan rate cut calll
Lenders yesterday told Alistair Darling that they could not throw an immediate lifeline to beleaguered mortgage holders by passing on cuts in the base rate – and warned that repossessions could rise in the coming months. Financial Times, The Times, Daily Telegraph
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BAA set for break up?
The break-up of airports operator BAA has moved closer following criticism from the Competition Commission, with Gatwick and Stansted likely to be targeted by potential buyers. Financial Times, The Times, Daily Telegraph, Independent
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Hawks deal rate cut blow
Hopes that the Bank of England will slash interest rates have been undermined after a key policymaker hinted that the Bank's rescue plan for credit markets will free it up to use rates to fight inflation. Daily Telegraph
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Another sub-prime cash call
Cattles has become the latest UK lender to seek cash from its shareholders, with the subprime loans specialist set to unveil plans today to raise about £210m. Financial Times
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Morgan Sindall in line
Morgan Sindall, the construction group, said it has made a positive start to the year, with trading in line with its expectations and growth in construction, infrastructure services and affordable housing. But it added that it had seen a slowdown in refit business from the financial services sector. The Times ...
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Credit Suisse leads wave of City job cuts
Credit Suisse is to lay off up to 150 people from its investment bank in London in what is likely to be the first in a wave of jobs cuts to hit the City this week.Daily Telegraph
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Topland Group eyes Harry Macklowe’s GM building in New York
Topland Group, which is run by Sol Zakay, has emerged as the latest possible suitor for embattled Harry Macklowe's trophy buildings in New York.
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New chief appointed at CoreNet
Global corporate real estate organisation CoreNet has appointed Nokia’s UK-based vice-president of workplace resources, Mark Tamburro, as its first non-American chairman.
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Hotel consultancy sues Colliers over poaching clients and staff
Colliers is being sued in the High Court over allegations it was involved in plans to poach clients and staff from rival HVS International.
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Europe’s lenders 'most cautious' over property in UK, Ireland and France
European banks are most cautious about lending on development in the UK, Ireland and France, said CB Richard Ellis in a report today.
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Morgan Stanley targets E1bn spending power for EurAsian fund
Morgan Stanley Real Estate is planning to double the size of its Germany based, open-ended EurAsia property fund to E1bn (£800m).
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Record data centre deals to slow in 2008
Data centre take-up hit record levels in 2007, reaching 1.7m sq ft across Europe, but it is unlikely to reach this figure again as a result of the credit crunch.
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Land Securities’ ‘Divided donut’ scheme approved
Land Securities’ plans to develop a huge office scheme next to the Old Bailey on the west side of the City of London were approved today.
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Irvine Sellar’s Seal House refused planning permission
Irvine Sellar’s plans to redesign Seal House in the City of London have been refused planning permission this morning.
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Plans for residential redevelopment of Battle of Britain base submitted
VSM Estates, a joint venture between St Modwen Properties and Vinci, has submitted a detailed planning application for the redevelopment of a former RAF base in Harrow.
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BAA may have to sell an airport, says watchdog
The Competition Commission has said that BAA’s ownership of seven UK airports ‘may not be serving well the interests of either airlines or passengers.’
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New West End Company to battle retail slump with 20% marketing budget boost
New West End Company chief executive Richard Dickenson today announced the company was going to boost its marketing budget by 20% to counteract the decline in the retail sector.
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€1.25bn Dublin mixed-use scheme planned
Irish developer Chartered Land today submitted a planning application for a 1.7m sq ft mixed use development on Dublin’s famous O’Connell Street.
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Bermondsey Square signs hotel, cinema and Sainsbury’s
Igloo has signed up a hotel, a cinema and a Sainsbury’s store at its Bermondsey Square development in south London.