All Property Week articles in 26 October 2007 – Page 7
-
News
Duo on verge of £1bn Citi headquarters buy
Irish investor Derek Quinlan and Glenn Maud’s PropInvest are expected to complete the purchase of Citi’s headquarters in Canary Wharf from the Royal Bank of Scotland next week.
-
NewsMoorfield’s £1.5bn fund feeds off crunch
Equity in place for investor to take advantage of market’s price correction
-
OnlineJLL buys New Jersey Industrial firm
Jones Lang LaSalle has agreed to purchase New Jersey-based industrial firm Klatskin Associates.
-
Online
Schroders’s Brown joins Lend Lease
Lend Lease has appointed Tony Brown as the chief executive officer of its UK investment management business.
-
OnlineProtego to launch $1bn Indian office fund
Protego is to launch a $1bn (£488m) fund to undertake office development in India.
-
Online
No Tchenguiz bid for Erinaceous
Vincent Tchenguiz’s Consensus Group said today that it would not be making a bid for troubled property services firm Erinaceous
-
News
Millions moved as fires hit area larger than London
Exhausted fire brigades battled wildfires for a fourth straight day across southern California yesterday, as smoke and flames forced an estimated 1m people to flee their homes. Financial Times
-
OnlineCentral London office take-up slows
Central London office take-up slowed in the first half of the year, a report by Colliers revealed today.
-
News
News International backs property search engine
News International has made a multi-million pound investment in a new property search engine in spite of already owning half of Propertyfinder. Financial Times
-
News
£1bn revamp for Holiday Inn
Holiday Inn is to undergo a $1bn (£488m) makeover, in one of the biggest corporate relaunches ever. Financial Times
-
OnlineBank of England warning for commercial property sector
The Bank of England today warned the commercial property sector could be set for more trouble due to turmoil in the financial markets.
-
News
Deutsche Land surges to €4.4m
Interim pre-tax profits at Deutsche Land ,a German commercial real estate specialist, rose to €6.4m (£4.4m) for the six months to July 31, up from €133,000, on gross rental income of €9.8m. Financial Times
-
OnlineDelek pulls out of £1.4bn Jelmoli deal
Delek Global Real Estate, a London-listed company with Israeli investor Igal Ahouvi, has pulled out of the £1.4bn purchase of Swiss department store Jelmoli’s property portfolio because of the turmoil in the financial markets.
-
News
Glaxo to swing axe as profits fall
Glaxosmithkline will cut jobs amid tough competition from generic drug manufacturers and after sales of its diabetes medicine, Avandia, slumped by almost 40%. Daily Telegraph, Independent
-
News
US housing gloom deepens on falling sales
The US housing recession deepened last month as demand fell to a record low and the value of Americans’ homes slid amid tightening lending conditions. Financial Times
-
News
Eurozone growth slows
Eurozone economic growth has lost further momentum this month potentially reinforcing the European Central Bank’s case for keeping interest rates on hold, a new survey says. Financial Times
-
News
PFI growth has ‘probably peaked’
Market growth in private finance initiative deals has probably peaked, according to Partneships UK. Financial Times.
-
News
Northern Rock lessons learnt, says Bank
The Bank of England has learnt lessons from the handling of the Northern Rock crisis implicitly acknowledging failings after weeks of blaming other players and legislative deficiencies for the run on the institution. Financial Times
-
News
Green wellie set feels the pinch
Country home values are growing in value at the slowest rate in two years as uncertainty in financial markets threatens to bring a bleak bonus season for the City. Financial Times.
-
OnlineThornfield gets go ahead for Bury 'Rock'
Thornfield Properties has secured planning permission for a £330m mixed use development in Bury town centre.
