All Property Week articles in 26 February 1999 – Page 3
-
News
Crest hooks Bartley deal
Crest Nicholson is poised to agree a £30m forward-funding deal with Norwich Union for two pre-let office buildings at the second phase of its Bartley Wood Business Park in Hook. It is understood that Norwich Union will fund buildings 260 and 270, which are both let to cable firm ...
-
News
Ballymore plans tower for rebuilt South Quay
Ballymore plans to increase its foothold in the London Docklands market by developing a speculative 37-storey office and retail tower in South Quay. The Irish developer is due to submit a planning application to Tower Hamlets Council next week for the site at One Millharbour where Builder House ...
-
News
Irish assets drive Green
Green Property had its third successive stunning year, increasing net asset value by 28% to IR462p (402p) a share in 1998. The performance, driven by the company s Irish assets, follows NAV increases of 41% in 1996 and 36% in 1997. Pre-tax profits last year were up 77% to ...
-
News
New fixed asset rules
The Accounting Standards Board has given in to major property owners by giving them optional choices for revaluing and depreciating assets in FRS 15, the new standard for fixed assets. The draft of the standard, which does not apply to investment properties, took a tougher line, requiring companies to depreciate ...
-
News
Marble Arch Tower filling
Regalian has kick-started its rejuvenation of London s Marble Arch Tower with a spate of lettings. Abbey National is the first to take the plunge with a three-year flexi-lease on three floors totalling 1,115 sq m (12,000 sq ft). The quoting rent on the space is £506/sq m (£47/sq ...
-
News
Patriot selects Apollo-led bid
Patriot American Hospitality, the US luxury hotel group, is close to sealing an investment deal with a group led by Apollo Real Estate Advisors to ease its liquidity crisis. The company has accepted the Apollo bid ahead of a rival offer from Hilton Hotels. The Apollo-led group has been ...
-
News
Merrill analysts remain number one
Merrill Lynch property analysts Alec Pelmore and Robert Fowlds held off a determined challenge from Credit Suisse First Boston to retain top spot in Institutional Investor s annual survey of research teams. Pelmore and Fowlds triumphed because of the quality of their weekly research and the depth of their ...
-
News
Alconbury's rail plans scuppered by council
Alconbury Developments' plan to create the UK's largest railfreight distribution park was thrown into jeopardy last week after it was refused outline planning consent. The developer, a joint venture between BAA Lynton and ProLogis Kingspark, had planned to build a 650,315 sq m (7m sq ft) high-bay warehouse scheme ...
-
News
Poll aims to solve town- centre traffic problems
A meeting on Town Centre traffic congestion is to be held this week, based on the answers from developers, fund managers and local authorities to a questionnaire. The study was commissioned by the British Council of Shopping Centres from consultants WSP Development, in response to last year s ...
-
Markets
Bristol surveyors agglomerate in Clifton
Bristol s centre of gravity, at least as far as surveying is concerned, appears to be drifting towards Clifton. GVA Grimley moved up there last year and now LSH has taken 450 sq m (4,840 sq ft) on Whiteladies Road a stone s throw from the ever ...
-
News
L&G ahead in Bracknell race after M&S signs up
Legal & General is one step closer to winning its battle with Allied London to redevelop Bracknell Town Centre after signing Marks & Spencer to anchor its £500m scheme. The retailer has agreed terms to take a regional mega-store which will match the size of ...
-
News
City rents slip after financial uncertainty
City of London office rents have fallen by 1% in the last three months in response to the financial uncertainty at the end of last year, according to CB Hillier Parker . In its latest Rent Index, the firm said headline rents for the best space in the City ...
-
News
UK institutions’ grip on West End starts to slip
UK institutions have lost their stranglehold on the West End investment market, according to Weatherall Green & Smith. New research shows that of the £1.7bn worth of stock which changed hands in 1998, the fourth quarter saw a dramatic shift in the dominance of property companies and private investors. ...
-
News
Property deals increase ABPH’s profits
Associated British Ports Holdings property activities made a significant contribution to the company s 1998 results. Property investment income rose by 14% to £16.7m and profits from property development were up from £6.5m to £6.8m. ABPH s pre-tax profits were up 5% to £110.2m. Our property portfolio at ...
-
Markets
Swindon’s squeeze
Can Swindon achieve its considerable potential? Not without more development land.
-
Markets
JTW’s Blackman runs away to join Fairs
Nick Blackman has left JTW s Bristol office to join Richard Fairs at The Building Consultancy, just over a year after Fairs left Henry Butcher. Both are senior players but are happy working with a small set-up for the time being. We don t see any point in talking ...
-
News
TPT’s £6.5m investment
The Tesco Pension Trustees (TPT) has bought four low-yielding shops for £6.5m from other pension funds and says that it would like to do other such deals. Tesco paid Pensions Trust £2.2m for 23-25 Midland Road, Bedford, where New Look has 15 years to run on the ...
-
Markets
Bristol office take-up breaks 1m sq ft barrier
Bristol office take-up in 1998 exceeded 1m sq ft (92,900 sq m) for the first time this decade. Figures produced jointly by the city s leading agents reveal that the major growth has been in the city centre. There was a particular increase in transactions of more than 929 ...
- Previous Page
- Page1
- Page2
- Page3
- Next Page
