All Property Week articles in 27 July 2007
View all stories from this issue.
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Welbeck bags £1bn Rochester contract
Welbeck Land has been named as the preferred developer for part of a £1bn regeneration project in Rochester.
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Quintain calls for clarity over HBOS takeover.
Quintain has asked the Takeover Panel to set a time limit on HBOS to decide whether it will launch a takeover bid.
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ReBlackpool unveils People's Playground
ReBlackpool, the urban regeneration company behind the redevelopment of Blackpool, has unveiled its latest proposals for the People’s Playground at a new public exhibition.
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OnlineSignature Capital buys in Hamburg
Irish private investor company Signature Capital has bought the Raffay Smart City building in Hamburg for €60m (£40m) at a yield of 6.79%.
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Sainsbury’s board’s worries over Delta Two debt
The board Sainsbury’s will this week seek urgent clarification on the funding of the £10.4bn bid approach for the retailer by Two Delta, the Qatar-backed fund. The Observer. Sunday Telegraph. Sunday Times
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Ashley condemns City ‘cry babies’
Mike Ashley, the founder of Sports Direct, hit back at City critics this weekend, branding unsupportive investors a bunch of cry babies. Sunday Times
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Hilton chief due $125m pay-out
Stephen Bollenbach, outgoing chief executive of Hilton Hotels, is due for a $125m (£62m) pay-out on completion of the company’s sale to the private equity firm Blackstone Group. Sunday Times
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Heathrow hassle factor takes toll on City
London’s status as one of the world’s leading financial centres is at risk of being undermined by excessive delays at Heathrow and the airport’s sprawling layout, the new City minister has warned. Financial Times
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UK hotels buoyant despite deluge
This summer’s we weather has done little to dampen the UK hotel industry, as London enjoys the highest occupancy of any European city this year. The Independent
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Carrefour eyes more Turkey after Portugal disposals
Carrefour, the world’s second-largest retailer by sales, has agreed to sell its 12 Portuguese hypermarkets to Sonae Distribuição, Portugal’s largest retailer, for an enterprise value of €662m ($902m). Weekend FT
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Royal Mail prepares second sell-off
Royal Mail is to sell a second tranche of post offices and sorting depots just months after concluding its first £70m deal. Sunday Telegraph
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RBS to sell £1.1bn of Hiltons to Robson
The Royal Bank of Scotland is engaged in a £3.7bn sell-off of UK property in what may be interpreted as a call on the market. Weekend FT
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Robson seeks £100m tyre change
A new investment firm set up by, Jeremy Robson, former principal finance chief at the Royal Bank of Scotland has emerged as the frontrunner in the £100m auction of National Tyres and Autocare. The Times
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News International ponders Docklands move
News International has confirmed that it is considering a sale of its site in Wapping. The Observer
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Chelsfield ups stake in Development Securities
It has emerged today that Elliott Bernerd and Sir Stuart Lipton’s Chelsfield Partners is building up a stake in Development Securities.
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Credit market volatility hits property
Property was badly hit by the volatility that swept through world equity markets yesterday, with European property shares having one of their worst days in a decade.
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Six listed for £90m Tunbridge Wells revamp
Tunbridge Wells Borough Council has revealed a shortlist of six developers for its £90m regeneration portfolio.
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Credit crunch hits FTSE
Fears of the effects of the ‘credit crunch’ sparked heavy selling of global equities yesterday, triggering the FTSE 100’s worst one-day slide for more than four years. Financial Times. The Independent. Daily Telegraph. The Guardian. The Independent
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Manchester road charging speeds ahead
Manchester is today expected to take a step closer to introducing road pricing on the city’s congested streets. Financial Times
