All Property Week articles in 27 April 2012 – Page 2
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Brazilian billionaire to buy £470m City trophy in Delancey-led deal
A £470m deal to recapitalise Plantation Place in the City was completed this week, bringing to an end a long-running saga.
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Knight Frank poaches DTZ north-east squad
Knight Frank has today confirmed the hire of 24 DTZ north-east office staff who are in charge of managing the 17m sq ft UK Land Estates portfolio.
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PMB Holdings appoints new CEO
PMB Holdings, the developer founded by Peter Beckwith, has promoted director Ed Jones to chief executive.
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99p Stores signs for new anchor store at The Galleries in Bristol
99p Stores has signed to open an anchor store at The Galleries Shopping Centre in Bristol as work starts to revamp the food court.
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Zara's Edinburgh store for sale for £17m
The Zara store on Princes Street in Edinburgh has been put up for sale for £17.25m.
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Aviva to sell BAFTA headquarters
Aviva Investors Property Trust is selling the iconic headquarters of the British Academy of Film and Television Arts (BAFTA).
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Aquascutum to be bought out of administration
The Asian owner of fashion brand Aquascutum has entered into an exclusive agreement to buy the retailer out of administration.
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Galliard chairman Conway buys back stake from Petchey
Veteran property entrepreneur Jack Petchey has sold his 50% stake in Galliard Homes back to the company’s CEO, Stephen Conway (pictured), for £50m.
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Midweek Bulletin: "Developers should consider resi for business parks"
Developers should consider knocking down vacant or underperforming business park buildings and developing residential instead, members of the property industry heard at the Knight Frank M25 research breakfast this morning.
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Ernst & Young: Battersea sale still on
Administrators to the vehicle that owns London’s Battersea Power Station have said the sale of the 39-acre site will proceed, despite its former owner suing Ireland’s National Asset Management Agency over the insolvency proceedings it carried out.
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Christie’s Nine Elms warehouse on the block
A three acre site at the centre of London’s Nine Elms opportunity area is to be put up for sale by the auctioneers at Christie’s, which currently uses it for fine art warehouse facilities.
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Argos profits plummet 57%
Argos today insisted stores remain a “key component” of the business, after it saw operating profits plunge 57%.
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Ex-Crown Estate chief Bright joins Curtin & Co
Roger Bright, the former chief executive of the Crown Estate, has joined development consultancy Curtin Co as chair of its advisory committee.
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Geox to open second Oxford Street store
Shoe retailer Geox has signed to open a second store on the UK’s busiest shopping street, Oxford Street.
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Salmon Harvester fund buys Worcestershire mall for £20m
Salmon Harvester Opportunity Fund has bought the St Andrews Square shopping centre in Droitwich Spa, Worcestershire for £19.8m.
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Birmingham £30m hotel restoration gets green light
Ambitious plans to restore Birmingham’s Grand Hotel to its former glory have been give the go ahead by Birmingham City Council, TheBusinessDesk.com reported today.
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Time Warner HQ search is on
US media giant Time Warner and advisers at CBRE have stepped up their search for a 160,000 sq ft London headquarters building, but they have limited options in the West End or Midtown for their budget-led move.
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Citygrove hunts for £25m funding in Telford
Citygrove is looking for an equity partner to fund its 99,000 sq ft retail and leisure development in Telford.
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Shuttleworth Octave Tower site up for sale
A 0.7 acre site next to Vauxhall Tube station that had been earmarked for a 149 metre Ken Shuttleworth-designed residential tower has been put up for sale.
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Treasury sues NAMA over Battersea
Irish developer Treasury Holdings is suing Ireland’s National Asset Management Agency for damages following the appointment of receivers to the companies that own Battersea Power Station and the surrounding land.