All Property Week articles in 27 April 2007
View all stories from this issue.
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Online
GIC invests in Australian retail
The Government of Singapore’s Investment Corporation GIC Real Estate has bought a 50% share in a Westfield shopping centre in a suburb of Sydney, Australia
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News
Minister defends empty rate relief raid
Local government minister Phil Woolas has defended his plans to reduce business rate relief on empty properties. Independent on Sunday
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Britain is haven for super-rich
The Sunday Times Rich List has revealed that the wealth of the richest 1,000 people in Britain has more than trebled in the decade since Tony Blair came to power. Sunday Times
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News
Candys paid £900m for Chelsea Barracks
Nick and Christian Candy paid almost four times the Ministry of Defence’s asking price for the 12.8 acre Chelsea Barracks site. Sunday Times
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News
Asda and Hamptons home packs attacked
Plans by Asda and estate agent Hamptons International to offer free home information packs when they become compulsory on 1 June have been dismissed by industry bodies as risky and premature. Financial Times
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Packer's Hungarian Las Vegas punt
London hedge fund managers are being asked to invest in a multibillion-pound Hungarian casino development alongside Australian media magnate James Packer and the Guggenheim family. Daily Telegraph
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Mothercare's Early Learning programme
Mothercare chief executive Ben Gordon has presented his plans to reverse the fortunes of the Early Learning Centre, ahead of the £85m merger between the two high street children’s brands. Daily Telegraph. The Times
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News
Sainsbury's sticks with property
Sainsbury's is set to disappoint activist shareholder Robert Tchenguiz and the Qatari government by rejecting calls to return money to investors through a property sale. Sunday Telegraph
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Waitrose to open more stores
Supermarket group Waitrose is planning a store expansion programme in the hope of doubling sales to £8bn over the next decade. Sunday Times
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Leslau limbers up for David Lloyd bid
Nick Leslau has joined the £1bn battle for Whitbread’s David Lloyd Leisure division. Sunday Times
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AAIM to become pub landlord
Alternative Asset Investment Management (AAIM), the celebrity property fund backed by Sir Alex Ferguson and and pop music mogul Simon Cowell is to make its first pub investment. Sunday Times
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Online
£200m Edinburgh scheme given a name
The redevelopment of the former Scottish & Newcastle bottling and distribution plant in Edinburgh, which is being created in the Fountainbridge area of the city, will be known as Springside.
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Occupiers will pay a premium for green property, says JLL report
Two-thirds of occupiers in the Asia Pacific region are prepared to pay a premium for greener property.
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Morgan Stanley creates $1bn US retail joint venture
Morgan Stanley Real Estate has set up a joint venture to buy $1bn (£500m) of retail properties in metropolitan areas of the US
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Online£20m plans for Derby County
Derby County Football Club has unveiled plans for a £20m development at its Pride Park Stadium.
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News
Nationwide sounds housing crash alarm
Nationwide, Britain's biggest building society, warned yesterday of the dangers of a housing crash if interest rates continue to be hiked up aggressively. The Independent
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Wimpey warns of Woodrow US writedown
George Wimpey has given warning of more falls in US house prices, as it tries to forge a £5.5bn merger with Taylor Woodrow. The Times
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JD Sports' slimline tonic
John David Group, owner of JD Sports, increased annual pretax profits by more than 50% in the year to 27 January. Financial Times
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Pru saves with Indian manpower
Prudential is considering moving office jobs to India in an initiative that could eventually transfer much of its accounting, actuarial and underwriting work to Mumbai. The Times
