All Property Week articles in 25 April 2008 – Page 12
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Bulgarian Land makes office debut
Bulgarian Land Development, the AIM listed Bulgarian residential and commercial development company has purchased its first office scheme.
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Stafford reveals £500m regeneration plan
Stafford has unveiled plans for the £500m regeneration of its town centre.
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Bank action 'unlikely to prompt mortgage cuts'
Mortgage costs are unlikely to fall despite a £50billion bail-out for banks and building societies, home owners were warned last night. Daily Telegraph
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Property pummelled by HSBC note
Property shres were hit after a note headed Keep the tin hats on, from HSBC said that hard-pressed tenants would start to demand rent cuts from their landlords and promptly triggered a sell-off in commercial property stocks. The Times, Daily Telegraph
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Governor vetoes return to risky mortgages
The housing market will not see a return to the profligate mortgage lending practices of the past few years, the governor of the Bank of England insisted yesterday as he announced a massive operation to support liquidity in British banks. Financial Times
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Bank move eases pressure on mutuals
Yesterday's move by the Bank of England is likely to ease pressure on Britain’s 59 building societies. Financial Times
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Bouygues in Vietnam deal
Bouygues, the French conglomerate, said that its construction unit had won an order worth around €100m (£180m) to design and build a 42-storey 200-metre high tower in Ho Chi Minh City, Vietnam. It is also the preferred bidder for a sports complex in Singapore. The Times
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Jobs slashed at Erinaceous
The fallout from the collapse of Erinaceous continued yesterday after administrator KPMG revealed that there had been 546 redundancies across the group so far. Three businesses have been sold to a vehicle owned by its banks, including its insurance services, residential management and property maintenance units. Financial Times
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Development Securities sells
Development Securities has sold all its property holdings in Kirkby town centre on Merseyside. No financial details were provided but the company said that it had sold the property at a value that equates to the book value and the original cost it incurred. The Times
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Wragge’s signs at Ballymore’s Snowhill
Ballymore has signed up Birmingham’s largest office pre-let at its Snowhill scheme in the city.
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One-fifth of Erinaceous commercial division made redundant
Administrators at failed property services firm Erinaceous made 78 people redundant from the commercial arm last week.
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LaSalle signals launch of €5bn pan-European fund
LaSalle Investment Management, the wholly owned investment arm of Jones Lang LaSalle is to launch a pan-European fund with a spending power of up to €5bn (£4bn).
