All Property Week articles in 26 March 2004 – Page 3
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News
Inner City: James Whitmore
Liz Peace, the chief executive of the British Property Federation, had warned before last week’s Budget that the REIT consultation paper was likely to be tough on property companies. She was absolutely right. While the consultation paper is merely a starting point, a basis for negotiation, it is clear ...
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News
Discovery tunes in to Chiswick Park
TV channel takes west London park’s biggest letting in more than a year
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Markets
Eade on: Cleaning up at the shopping centre
Russia's retail managers are visiting Britain to see how things are done – and to find out how to keep their buildings clean
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Professional
Case news
Beware of borrowing on your homePatricia Dixon v Clement Jones Solicitors,3 March 2004, High CourtThe message: although a negligence claim against lawyers, this case is also a salutary lesson of the dangers of a person inexperienced in business using their house as security for a business venture.The case: it was ...
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News
Mayfair Capital Partners offers third fund with lower gearing
The choice of property funds on offer to private investors continues to grow after the launch of a limited partnership at Mayfair Capital Partners this week. The structure, MC Income Plus Fund, is the third offering from the fund manager, following the Property Growth Income Fund and the East Anglian ...
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News
Canary and Manhattan Loft eye Wood Wharf
Canary Wharf Group has teamed up with Harry Handelsman's Manhattan Loft Corporation to bid for London's most sought after development site. The pair are up against a who's who of commercial property developers to develop the Wood Wharf site on the Isle of Dogs, next to CWG's existing estate. ...
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Insight
Time to widen out the CABE ‘in crowd’
Two of the biggest changes in property over the last five years are the resurgence of Stanhope and the growth of the Commission for Architecture and the Built Environment.
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News
Triton fund buys Mersey retail park
UBS’s Triton Property Fund has bought St Helen’s Retail Park in Merseyside from Liverpool Victoria for £23.1m. The scheme has an open A1 consent and has planning permission for a further 30,000 sq ft (2,790 sq m) of development. The initial yield is 5.75%. Edgerley Simpson Howe advised the ...
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News
Citigroup buys Halifax retail park
ASDA Properties has sold Crossley Retail Park, Pellon Lane, Halifax , to Citigroup Alternative Investments for £8.54m. The scheme includes 46,973 sq ft (4,363 sq m) of open A1 retail warehousing, and tenants include Aldi and Halfords. The initial yield was 6.1%. Asda was advised by FPDSavills and Hill ...
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News
Small investors get the right to buy …
Simplified tax system for pensions opens door for property investment
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News
LandSecs seals bumper London week
Land Securities has attracted tenants for two of its largest central London office schemes. The developer's 30 Gresham Street has been selected as preferred option by Lloyds TSB for a 250,000 sq ft (23,230 sq m) building in the City. It has beaten Standard Life 's nearby 10 ...
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Professional
Building surveyors must face legal risk
Clients deserve the best advice, not the safest option
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News
BT and Morley tackle Rugby
Telecoms company and fund manager team up to develop 1,700 acre mixed-use site
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News
Brown’s restrictive REIT rules dampen share prices
Disappointment over Treasury’s proposed property investment funds causes share price setback
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Professional
A day’s work in the witness box
Mark Jansen meets a surveyor who relishes his appearances in court as an expert witness.
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News
Valuation boost for Lok’nStore
Lok’nStore, the self-storage provider, has revealed that its freehold stores have been valued by Cushman & Wakefield Healey & Baker at £20.1m, compared with their £9.9m historic cost. The company’s results for the six months to 31 January show a cut in pretax losses from £376,722 to £169,237 on ...
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News
REIT boon fails to spark shares
Property shares FELL last week despite chancellor Gordon Brown launching a consultation paper on UK real estate investment trusts (REITs), which would be a huge boon for the quoted property sector. The Real Estate Index fell 1% to 2634, in line with the All-Share’s 1% drop to 2210. The market’s ...
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News
It's a Shaw thing as CBRE bolsters Manchester office
Former JLL top name appointed to run north-west agency business
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News
BIDs timetable comes forward to keep momentum
The government has brought forward the timetable for business improvement districts (BIDs), after pressure from the pilot BID organisations. Consultation on draft regulations for BIDs has been shortened from the standard 12 weeks to eight. Pilot BIDs fear they will lose momentum for transferring to legally binding BIDs if the ...
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Markets
Basing reviewed
An ageing office location once described as 'the Dallas of North Hampshire', Basing View is in need of a revamp.
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