All Property Week articles in 26 February 1999
View all stories from this issue.
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Markets
Swindon
Over the last two years, the level of activity in Swindon has gradually increased, reaching its peak during the last six months of 1998. Market activity in January 1999 has also been better than expected. Offices The investment performance of office property in Swindon has improved because of ...
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Markets
Planning
Bristol Temple Meads station and the adjoining goods yard owned by Railtrack and English Partnerships have been the subject of numerous proposals for many years, but none of the schemes have proceeded. The station, which is Grade I-listed, is a significant historical structure. The ...
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Insight
Out of service
A recent ruling in the House of Lords puts the vexed subject of service charges under the spotlight. We report on a frequent source of dispute, and explain how tenants can now recover service charges paid in error
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News
JLW sweetens LaSalle merger
Jones Lang Wootton, which is due to complete its merger with LaSalle Partners on 10 March, increased its pre-tax profits by 18% to $57.6m (£35.1m) in 1998. Revenue was up 11% to $482.5m and operating costs excluding the merger-related charges were $437.5m. Net earnings, after ...
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News
Lipton leads Stanhope to investment market
Stuart lipton , the man behind Broadgate and Stockley Park, is planning to enter the property investment market. He has appointed headhunters to recruit a high-flying broker to Stanhope, his development and project management company. Sources close to the company said that Lipton has amassed considerable equity from ...
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Professional
Will higher rates hit the office sector?
Rating revaluation Research based on the analysis of principal office locations in the UK predicts significant increases in rateable values by the year 2000 Increases in liability can have a negative impact on cities like London, raising the issue of Government intervention in ...
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News
South-west industrial hampered
A shortage of good-quality, industrial stock severely hampered take up in the south-west last year, according to Knight Frank s second UK Industrial Focus. The report reveals that many of the region s larger requirements remain unsatisfied. However, the major industrial schemes in the area are now beginning to ...
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News
Pemberstone to go private
Residential investor Pemberstone has become the latest small property company to quit the quoted sector because of the lack of institutional interest. Pemberstone announced on Wednesday that its executive directors Peter Underhill, Andrew Bruckland, David Annetts and Andrew Barker are planning to take the company private. ...
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News
H&B grows in Germany
Healey & Baker has expanded its European operations with the purchase of the Frankfurt-based Morgan Harrop Bruhl Consulting group. Morgan Harrop s shareholders Martyn Harrop and Martin Bruhl will become partners of Healey & Baker Germany, bringing with them a contact book that includes DESPA, the largest German open-ended ...
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News
JP Morgan to launch third fund
JP Morgan, the investment bank, and the O Connor Group, a US real estate investor, are hoping to raise $1bn for a new global fund. It will be the third joint venture between the partners and follows on from Argo Partnerships one and two which concentrated on the US market. ...
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News
Long-term malaise of Euro property shares
Long-term underperformance by property shares is not just a peculiarly British disease it is endemic throughout Europe. According to research by Commerzbank, on an unweighted average basis, property shares in the EC countries have performed worse than EC equity markets over the past five, 10, 15 and 20 ...
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News
Equitable and Pillar link up
Pillar Property has teamed up with Equitable Life to form a £245m joint venture to manage and invest in retail parks. Equitable Life will hold the 67.5% controlling stake but Pillar has the option to up its stake to 50% in the future. The venture, called Hercules, will inject ...
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News
English & Overseas in takeover sights
English & Overseas Properties is the target of a planned takeover by a larger, medium-sized quoted property company. The E&OP s shares have jumped 31% since it announced last week it had received an approach. They now stand at 79.5p, valuing the company at £26m. Chief executive Jim Clark said ...
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News
Poundstretcher ends its shop sell-off plans
Poundstretcher proved last week that the Lazarus-like raising from the dead of 18 stores has paid off. Brown & Jackson, the group which owns the discount operation, nearly doubled its pre-tax profit for the second half of last year from £13.2m to £22m. The chief executive Johan Visser reprieved 18 ...
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News
Heron to increase its West End exposure
Heron International is planning a speculative office redevelopment behind London's Oxford Street, helping it to become one of the most active developers in the West End. Run by Gerald Ronson , Heron has formed a joint venture with Axa Equity & Law to redevelop 105 Wigmore Street. The ...
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Markets
Transport of delight
Bristol council's 'decongestion' plan aims to reorganise transport in the city. This report looks at how this will impact on property
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News
Customer-led strategy rings the till for C&RP
Capital and Regional Properties demonstrated the success of its customer-led retail strategy this week by achieving an impressive 18% increase in net asset value in 1998. The rise to 321p a share was considerably higher than the under-300p figure most analysts had forecast. The response from the market was a ...
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News
Minister slates councils' 'CPO-timidity'
Construction minister Nick Raynsford has attacked local authorities for their reluctance to use compulsory purchase orders (CPOs), writes John Lewis. Speaking at a conference jointly hosted by the RICS and the Department of the Environment, Transport and the Regions, Raynsford ordered tough new measures to encourage 'CPO-timid' authorities to ...
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Professional
Handling the hazard of land contamination - Landlord
Landlord Landlords need to make clear in their leases which party is responsible for the cost of remediation works to protect themselves if contamination occurs A well-drafted lease will comprise an agreement by a tenant not to cause any damage or disturbance to ...
