All Property Week articles in 25 June 1999 – Page 2
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News
Older property must go to curb falling returns
Landlords should consider selling older property or face falling returns as investors swarm into the fledgling residential market, say some industry insiders. But good opportunities to reinvest still exist, despite warnings that many buy-to-let newcomers could get their fingers burned by rushing into unsuitable property. This is a ...
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News
CR drives diversification
Conrad Ritblat has bought hotel and specialist firm Robert Barry & Co in its latest drive to diversify its interests. The move follows the takeover of Professional Construction Management. CR said this latest buy would plug a hole in its licensed and leisure department. For a year, ...
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Professional
Making construction lean and green
Sustainable construction The construction industry is coming to terms with pollution and is generating ideas for the reduction and recycling of waste There is a risk that if the industry's attempts are not successful, change will be forced through statutory measuresThe construction industry is a big ...
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News
Resi consent pushes shares
Grainger Trust s net asset value gained more than 15% on Thursday, after the company finally won planning consent for 800 new homes on 28ha (70 acres) in Basingstoke. The consent has enabled Grainger, the tenanted residential property specialist, to write back £16.5m of provisions made against the ...
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Professional
Relief, compensation and duty
In this month's round-up of recent court decisions, Andrew Walker and Tim Dutton discuss relief from forfeiture, when to pierce the corporate veil and breach of duty during receivership
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Markets
Clash of the titans
At the top end of the serviced office market, two firms are fighting to be the biggest. Jo Elford reports on the battle between Regus and HQ
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News
Cash needed to halt price climb
The government must pour money into the planning system to prevent soaring land prices, a site appraisal specialist has warned. Values have surpassed the 1980s peak in Kent and East Sussex because a soaring market is being starved of land by planning delays, according to Randall Cargan Land & New ...
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News
C&W calls on the Welsh
Cable & Wireless has settled the Celtic tussle for its fourth UK call centre by electing to redevelop a site in Swansea, Wales, rather than Waterford, Ireland. The 1,200-seat centre will be based at Matrix Court on the Swansea Enterprise Park. The building will be refurbished at ...
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Markets
Calling the shots
Forget location, location, location the most costly factor for call centre operators is staff, staff, staff. Mike Broad reports on the challenges faced by three call centre occupiers
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Markets
London calling
London's inward investment agency has launched a task force to build on the capital's success in attracting call centres.
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News
Pollen tells GPE to buzz off
Trustees of the Pollen Estate in London s West End have issued a clear hands off warning to the Great Portland Estate, following its £116m bid for the properties. The Trustees adviser, Mike Jones of Drivers Jonas , has written to Great Portland indicating that the ...
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News
Savills buys out Trigon to launch new PFI drive
Savills , the holding company of FPDSavills, has bought out facilities management company Trigon, which it is planning to use as a springboard into the corporate PFI arena. The surveying firm will this morning announce to the Stock Exchange that it has bought out its joint venture partner Castle ...
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News
CLS butters up the Swedes
With the UK property market proving increasingly competitive, Sweden is becoming a happy hunting ground for CLS Holdings. The company, which is controlled by the Swedish Mörstedt family, this week bought a large mixed-use investment in Solna, a suburb of Stockholm, for SEK463m (£34.3m) to add to another mixed-use ...
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News
Docklands building peaks
More than 4,500 homes are under construction in the core area of London Docklands, with almost 5,000 more in the outer areas the E1 and E14 postal districts. But the area could face a dearth of opportunities when these homes are complete, according to Richard Donnell of ...
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News
Rental growth hits buffers as retail sector finally slows
Prime retail rental growth in UK Town Centre property slowed for the first time in five years in the 12 months to May 1999, according to research published this week by surveyor Colliers Erdman Lewis. CEL's Midsummer Retail Report 1999 also says that average rental growth for prime ...
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News
Glasgow offices big hit with occupiers
The Glasgow office market has been besieged by a batch of new lettings in the past three weeks following a dearth of activity for nearly a year. JP Morgan, advised by Jones Lang Lasalle , has agreed to take 3,820 sq m (41,120 sq ft) at Friends Provident s ...
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News
LMS benefits from West End strength
A sparkling performance from the central London office properties helped London Merchant Securities to produce a 16% increase in net asset value in the year to 31 March. LMS s West End offices rose by nearly 19% in value, while its Islington properties mainly the ...
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Professional
A case approach to the right of re-entry
Peaceable re-entry The Lomax case demonstrated that an administration petition doesn't restrict peaceable re-entry for landlords Landlords should note that not all 'self-help' remedies are given such a lenient treatment by the insolvency legislationIn Re Lomax Leisure Ltd (The Times, 4 May, Neuberger J), the case turned ...
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News
Antrim factory outlet sewn up
Northern Ireland is set to secure its first purpose-built factory outlet development. ACI Developments, part of the Coleraine-based Kenneddy Group, has teamed up with Edinburgh-based factory outlet specialist The Guinea Group to build a £30m scheme in Antrim. If the scheme, on a 10.5ha (26 acre) site ...
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