All Property Week articles in 26 June 2009 – Page 12
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News
Sterling exchanges at 10.75%
Sterling House Estates has bought the 58,163 sq ft Monarch Court in Emerson’s Green in Bristol for £8.4m – a net initial yield of 10.75% – from Goodman in its first purchase for six years
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Markets
‘Canalside Quarter’ student village due to complete 2009/10
Victoria Hall is due to complete its 750-unit student village in Wolverhampton’s ‘Canalside Quarter’ in time for the 2009/10 academic year
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Insight
Inside the £1.8bn sales
Bids are due imminently for three big property disposals in the depths of the downturn.
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Professional
Case news: Kent County Council v Union Railways (01.05.09)
The message: An authority compulsorily acquiring land cannot avoid paying compensation to beneficiaries of options over the land by failing to serve relevant statutory notices on them.
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Online
Allied Carpets' subsidiary signals administration intent
Allied Carpets Properties, a subsidiary of the UK’s second largest carpet retailer, has filed a notice of intention to enter administration.
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Online
Business agents hit out at EPC confusion
The government must end confusion over Energy Performance Certificates for commercial property sales and lettings if they are to succeed, according to Britain’s commercial business agents.
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Online
HIH confirms £42.6m City buy
German closed-ended fund manager HIH Global Invest has confirmed its £42.6m purchase of the Friary Court office in the City of London.
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Online
Recession fails to impact on Covent Garden footfall
Capital & Counties reported increased footfall at Covent Garden in April and May compared with the previous year, despite consumer confidence being at an all time low.
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Online
Golden Tulip founder unveils new gym format
Hotel and property entrepreneur Peter Roberts – who sold the Golden Tulip UK hotel group to Whitbread for £45m in 2007 – has launched a new leisure venture.
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Online
Lancaster Council quits Centros £150m scheme inquiry
Lancaster City Council has pulled out of an inquiry into developer Centros’s £150m city centre regeneration plans.
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Online
London hotels battle recession with 80% occupancy
London hotels are coping with the recession better than those in the regions with occupancy levels recorded above 80% last month.
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Online
European logistics market set for further contraction
Take-up in the European logistics market could fall by as much as 35% this year, Savills said today.
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Online
Lockhart’s £250m AIM flotation shelved
David Lockhart’s return to the listed sector has been shelved.
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Online
Argent secures second Brindleyplace tenant.
Argent has secured the second letting at its Eleven Brindleyplace office development in Birmingham.
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Online
Hammerson launches Spitalfields sculpture prize.
Artists have been invited to submits proposals for a piece of sculpture to be displayed at Hammerson’s Bishops Square as a part of the developer’s inaugural ‘Spitalfields Sculpture Prize’.
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Online
Glanmore thrown a life-line by lenders
The troubled £843m Glanmore Property Fund has been thrown a lifeline by its lenders and private investor base.
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Online
LV=UK Property Fund buys in London
LV=UK Property Fund has bought 19 Buckingham Gate, close to Buckingham Palace, in St James’s Park, London.
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Online
Crown Estate and HCA team up to build 15,000 homes
The Crown Estate and the Homes and Communities Agency have teamed up to develop 15,000 sustainable homes across the UK.
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Online
Head for the trees, says IPD
Investment in forestry outperformed UK commercial property and equities last year, producing a total return of the year of 7%, the Investment Property Databank has said.