All Property Week articles in 26 September 2003 – Page 4
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News
Inner City: Giles Barrie
live aid relaunched freddie mercury, Dirty Den made his first visit to Albert Square and Wayne Rooney wasn't even born. It was 1985 and, believe it or not, the last time the Institute of Actuaries provided a detailed update to its members on how to treat real estate as an ...
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News
Royal Bank set to buy King's Cross landmark
Royal Bank of Scotland is set to buy the largest office building in London's King's Cross in a bid to offload its surplus space in the development. The bank is in talks to buy 200 Pentonville Road, a 180,142 sq ft (16,736 sq m) office scheme, from private investor Zak ...
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Markets
Chester's centre back
Will a planning directive forcing housebuilders to include office elements reignite Chester's flagging office market?
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News
Profits up at Ashtenne
Ashtenne reported a 60% leap in profits to £9m in the six months to 30 June. It paid off all its debt by 30 June, enabling it to fund the purchase of Mentmore’s £182m serviced business space division in July. Total property under management rose to £790m from £559m in ...
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Markets
Argent's Garden party
A newcomer to the north-west, Argent is hoping to recreate the magic of Brindleyplace at Manchester's Piccadilly Gardens. It's got the building, now it needs a tenant.
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Professional
Architect can make or break a scheme
Solid administration skills are as important as creativity
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NewsMyers appointed to South Bank board
Mountgrange chairman to inject property expertise to London arts committee
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News
Sellar to appeal over Pompey court ruling
Dispute set to drag on after football club wins case over land payment
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News
Sellar agrees to buy Ashton shopping centre
Sellar Property Group has agreed to purchase Ladysmith shopping centre in Ashton-under-Lyne from Everard Goodman's Tops Estates . Irvine Sellar's company has agreed to pay just over £30m for the 145,000 sq ft (13,470 sq m) centre. The price represents a yield of 7%. It comes in the middle of ...
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News
JLL on recruitment drive after associate quits
Jones Lang LaSalle has lost a high-flying associate from its West End of London agency team. Andrew Heath has left the company to join Strutt & Parker 's fast-growing West End team which, as well as acting on a range of schemes in the area, runs the Benchmark ...
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Markets
HBF accuses councils of guidance misuse
A growing number of local authorities have introduced 'residential development moratoria' in what amounts to a 'deliberate misuse' of planning guidance, according to the House Builders Federation (HBF). The HBF last week accused councils in the north-west of imposing a blanket ban on new homes, and now it claims to ...
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News
Northcliffe House sold to DB for £99m
DB Real Estate has paid Teachers and Clerical Medical £99m for the 191,000 sq ft (17,744 sq m) Northcliffe House, London EC4, at a yield of 6.4%. Jones Lang LaSalle advised DB, Invesco Real Estate and DTZ advised the vendors.
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News
British Land to issue £80m bonds
British Land is to issue £70m-£80m of bonds secured on increased rent from the 35 supermarkets it lets to Sainsbury’s. The bonds will be issued by Werretown Supermarkets Securitisations, a special-purpose vehicle that issued £575m of bonds secured on the properties in 2001. The bonds were given an AA ...
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News
£40m overhaul for Swansea
Dublin-based developer Niall J Mellon is planning a £40m development on the Swansea Waterfront in south Wales. The company has revealed plans for a 25-storey residential tower with 30,000 sq ft (2,787 sq m) of office, retail, bar and restaurant and health club space overlooking the marina between Ferrara Quay ...
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News
Croydon set for 40-storey tower
Croydon in Surrey looks set to get its tallest tower with plans for a 40-storey office development. Freshwater Group, the development company run by Benzion Freshwater, plans to build the tower on the site of Suffolk House in George Street. It will be taller than Nestlé’s head office and the ...
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News
Occupier found for EC4 refurbishment
Gracemark Investments and Wharton Asset Management have secured Pacific Continental Securities for the seventh floor of their refurbished space at 80 Cannon Street, London EC4. Pacific is paying £40/sq ft (£430.56/sq m) on a 10-year lease without a break for 5,150 sq ft (478 sq m) of space. Andrew Mayer ...
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News
Allsop's biggest-ever resi sale raises £42.4m
94% success rate allays fears of housing sector softening
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News
LandSecs in £300m Milton Keynes plan
Property company teams up with Gazeley for 3.4m sq ft distribution
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News
Cap&Reg NAV soars 11.6%
Capital & Regional net asset value increased by 11.6% to 433p in the six months to 30 June, according to interim results last week. The total return was £36.8m, and the interim dividend will be 4p, up from 3p last year. The shares went up 3% to 378.5p.
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News
UBS to develop £100m Newport shopping centre
Swiss bank's Triton Fund will take over redevelopment of Kingsway centre in south Wales
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