All Property Week articles in 27 February 2009 – Page 9
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News
Morgan Stanley’s Allen goes solo
Morgan Stanley’s head of European property research, Martin Allen, is leaving to set up his own fund investing in property shares.
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News
Parliament rings housing alarm bells
A select committee on housing said this week that the government must stick to its long-term housebuilding targets, despite the credit crunch
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Markets
Crawley council offers business recession aid
Crawley Borough council has unveiled relief measures to help businesses and residents cope with the recession
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NewsAhouvi plans main event at City fringe’s Finsbury Square
Investor in venture with Planit Events for venue to rival Grosvenor House hotel
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ProfessionalWest End agency Devono launches investment division
Occupier-friendly firm recruits ex-Mayfair Capital man Gerry Frewin
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ProfessionalUnder the terms of my development agreement, any dispute is to be referred for expert determination. If the expert incorrectly decides against me, can I challenge their decision in court?
It would depend on which way the expert is ‘incorrect’. You might be surprised to learn that if parties to a contract have agreed to be bound by an expert’s determination, and have not included provisions to allow a challenge, generally the court will not intervene.
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NewsKW Linfoot ‘strangled’ by administration
Residential developer’s troubles follow problems at two Leeds schemes
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Professional
Liddington Hotel in admin
Nigel Morrison and David Matthews of Grant Thornton UK have been appointed joint administrators of The Liddington Hotel Ltd, which owns and operates the Liddington Hotel near Swindon
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ProfessionalA neighbour has been crossing my land to access his property. he is now claiming a right to park on my land too, in addition to his existing access rights. Can he do this?
Be wary if your neighbour has been parking on your land and it is the only access to his property. If parking isn’t available on his property, he may successfully claim a right to park on your land.
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News
Leeds and Liverpool play with parks at abandoned sites
Councils consider developing green spaces where commercial schemes are no longer viable
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NewsResidential investors out in force for £90m spree
Allsop sales climb 16%; Savills and Andrews & Robertson lifts sales by a third
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News
CBRE Investors sells Croydon shop at 9% yield
A private investor has bought a shop in Croydon, south London, from CB Richard Ellis Investors at a 9% yield
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NewsBarratt’s £600m loss after land values fall
Housebuilder writes down land by £494.9m in second half of year
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MarketsStratford Tower scheme to secure £48m public injection
Homes and Communities Agency to help fund Genesis Housing’s £300m tower project
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News
Terrace Hill NAV drops nearly 40%
Terrace Hill suffered a 39.8% drop in its net asset value in the year to 31 October as a result of asset writedowns
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News
Leeds investor’s NAV drops 35%
Town Centre Securities, the Leeds-based investor and developer headed by Edward Ziff, suffered a 35% plunge in its net asset value in the second half of last year
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News
Land Securities teams up with ING to kickstart £300m Northgate scheme
This article appears in Property Week magazine title: Treasure Chester
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News
CBRE and M3 to sell MFI shed
DHL has appointed CB Richard Ellis and M3 to sell the 750,000 sq ft Nimbus shed in Doncaster, which was let to MFI before it went into administration last year.
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News
Revenue fall and writedowns push Invista to £3.7m loss
But shares pick up as operating profit comes in ahead of analysts’ forecasts
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Markets
Wind of change blows through Mistral 260
Lambert Smith Hampton and M3 have been jointly instructed to advise on the disposal of Propinvest and Capmark Investments’ Mistral 260 scheme in Hemel Hempstead
