All Property Week articles in 26 February 1999 – Page 2

  • Professional

    Handling the hazard of land contamination - Tenant

    26 February 1999

    Tenant The contaminated land regime under the Environmental Protection Act 1990, to be brought into force in July 1999, will have sinister consequences for tenants Tenants must beware of widely-drawn indemnity clauses obliging the tenant to compensate the landlord for expenses arising from ...

  • News

    Small and medium-sized stocks come into play

    26 February 1999

    Despite overall under-performance from property shares last week, many stocks saw significant rises. The Property Share Index remained fairly static over the five days, rising just three points to 1808, while the All-Share increased more than 1% to 2765. But for virtually the first time this year, fund managers' attentions ...

  • Markets

    A city of two halves

    26 February 1999

    The north/south divide is much in evidence in Bristol, and developers will continue to steer clear of the south until money is spent on roads and local skills.

  • News

    Round cinema gets funding

    26 February 1999

    Unilever Pension Fund is in discussions to fund the world s first circular multiplex cinema at Parkridge Developments leisure scheme on the Greenwich peninsula. The £20m funding deal is understood to be dependent on the site gaining full planning permission. The developer is expected to re-submit a ...

  • Markets

    Swindon Fleet Street centre gets green light

    26 February 1999

    Consent has been granted for a 5,570 sq m (60,000 sq ft) mixed retail and leisure development at Fleet Street in Swindon. The site was once prime pitch, but more recently has been showing distinct signs of decline. King Sturge s Charles Miller said that the Fleet Square development ...

  • News

    Six resign at CBRE Perth

    26 February 1999

    Six senior directors at CB Richard Ellis in Perth, Australia, have resigned over the new management style imposed since its merger with CB Commercial. It is understood that the firm s focus has shifted from a local to national level since it merged four months ago. Four of the ...

  • News

    Salomon days from signing Canary deal

    26 February 1999

    Salomon Smith Barney, the US investment bank owned by Citigroup, is days away from signing a deal with Canary Wharf Ltd for a new base. Sources close to the talks said that Canary Wharf will build a 46,450 sq m (500,000 sq ft) office for the bank next to ...

  • News

    Brum scrum end in sight

    26 February 1999

    Hammerson and Land Securities are poised to end months of speculation over the battle for Brum by forming a joint venture to develop their rival retail schemes. The developers will announce plans this week to jointly fund and develop three schemes at the Bull Ring, Martineau ...

  • Markets

    Bristol offices

    26 February 1999

    For the sixth year in a row, office take-up in Greater Bristol has increased, reflecting the buoyancy in this market sector. Confidence is higher than it has been since the beginning of the decade, so the low level of speculative development is rather surprising. Despite completion of two schemes on ...

  • Markets

    Bristol retail

    26 February 1999

    Bristol s retail scene has absorbed the impact of The Mall at Cribbs Causeway as well as the six-month closure of the John Lewis department store and its reopening as Bentalls last Autumn following a £14m refit. It is now time to reflect, in a more considered manner, on the ...

  • Markets

    Bristol industrial

    26 February 1999

    Although the official take-up figures for the Bristol industrial market in 1998 have not yet been produced, the figure is generally expected to be less than 278,710 sq m (3m sq ft), which would represent a fall from the 1997 figure of 306,580 sq m (3.3m sq ft). ...

  • Markets

    Bristol rents

    26 February 1999

    Bristol is currently experiencing a wealth of activity in all sectors of the property market. The out-of-town retail market has expanded with the completion of The Mall and the Warner Brothers Village at Cribbs Causeway. Within the city centre, the opening of the new Bentalls department store has boosted confidence, ...

  • Markets

    Bristol investment

    26 February 1999

    For the last decade, the Bristol property market has been long on anticipation but short on digger activity on a number of key regeneration projects. The contentious activities of the former Bristol Development Corporation, barriers formed by the public and private sectors wrangling at Canons Marsh and the threat to ...

  • Insight

    Duty bound

    26 February 1999

    The property industry is expecting the worst from the Chancellor's budget next month. But there is no easy way to avoid stamp duty

  • News

    Lloyds black horse is made redundant

    26 February 1999

    The Black Horse was finally put out to grass on Wednesday as the logo for the chain of estate agents. The Bradford & Bingley Building Society, which bought the chain a year ago for £56m, announced that the Lloyds Bank black horse would be phased out in April. In future, ...

  • News

    Birmingham launches licence for landlords

    26 February 1999

    Birmingham City Council last week became the first local authority in the UK to license private landlords. Private landlords throughout the country have felt the shockwaves of The Licence To Let pilot scheme. Other local authorities, including Brighton & Hove, Southampton and Bournemouth, are considering following Birmingham's lead. Launching ...

  • Markets

    Playing the big boys at their own game

    26 February 1999

    Even in a place the size of Bristol, only two or three stories a year break over an unsuspecting property market like an tsunami washing out the beach barbie. The real beauty of 1998 was the acrimonious falling-out of King Sturge s London office and a Bristol-based development company ...

  • News

    Greycoat letting to set City office benchmark

    26 February 1999

    US law firm Davis Polk & Wardwell is close to taking space at Greycoat 's speculative 99 Gresham Street, in a deal which is expected to act as a Benchmark for 1999 City rents. Sources close to the talks said that a deal on the ground to third floor ...

  • Markets

    Granada books into derelict Bath hotel

    26 February 1999

    Granada has bought the Grade-II listed former Royal York Hotel in George Street, Bath, from local development company Waterfront House for £2.8m. The hotel is to be refurbished by Waterfront House and is set to reopen as a 66-bedroom Travelodge in July. Forte will take part of the ground ...