All Property Week articles in 27 November 2009
View all stories from this issue.
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Carillion completes Sheffield sale and leaseback
Carillion has sold and leased back the Office 2 building at The Square, Castlegate development in Sheffield.
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Ackerman's £175m portfolios placed into receivership
Private investor Joseph Ackerman has had a major property portfolio he owns, which was worth £175m at the peak of the market, placed into receivership.
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Coventry Airport fights winding up petition
Coventry Airport is facing a winding up petition, understood to have been made by HM Revenue and Customs.
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Schroders predicts UK double dip
Schroders Property has predicted a double dip for UK commercial property in 2011 after double-digit growth next year.
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Leviev’s Africa-Israel warns of insolvency risk
Africa Israel Investments, the Tel Aviv-listed developer controlled by billionaire Lev Leviev, said its ability to continue as a “going concern” was at risk.
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Goodman submits new plans for Andover Co-op shed development
Goodman has submitted a revised planning application for its 468,160 sq ft shed pre-let to the Co-operative Group at its Andover Airfield site.
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Former Citigroup real estate head launches regional hotel group
Akkeron Group, the company formed last year by James Brent, the former global head of real estate & lodging at Citigroup, today launched a regional hotel group with the acquisition of the Folio hotel business.
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Derwent London appeals Turnmill refusal
Derwent London has put in a planning appeal against the London Borough of Islington’s decision to refuse permission for the redevelopment of the former Turnmills nightclub.
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Minerva rejects “wholly inadequate” bid from Kirsh
Minerva, the London developer, today urged shareholders to reject an £84.5m offer from South African entrepreneur Nathan Kirsh, claiming it was “opportunistic” and “wholly inadequate”.
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Telford posts healthy profits
Telford Homes today posted healthy pre-tax profits of £6.5m – up from £300,000 – for the six months to 30 September 2009, prompting the Aim-quoted developer to reinstate an interim payment of 0.75p per share.
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Residential rents to rise says RICS
Surveyors expect to see residential rent rises in the New Year as the number of rental properties coming onto the market fell for the first time since January 2008, according to the latest RICS Lettings Survey published today.
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Tesco loses Liverpool supermarket appeal
Tesco has lost an appeal to build a supermarket in Liverpool which was in competition with a 45-acre St Modwen and Liverpool City Council scheme.
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Tata arm targets second city
Tata Realty And Infrastructure Limited, a 100 subsidiary of Tata Sons, has announced its plans to develop a landmark residential project at Kochi in Kerala.
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Dubai crisis: Creditors form representative group
Bondholders and creditors have begun mobilising in response to Dubai World’s $26bn (£16bn) restructuring plans, as Dubai’s ruler yesterday sought to reassure investors that his debt-laden emirate’s economy remained sound.
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HK deals fall on tighter credit
Hong Kong deals and prices recorded month-on-month declines for the past month, property agents said.
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Credit aid lifts US home sales
The number of homes with sales pending reached its highest level in three years in October, as Americans took advantage of a government-financed credit for first-time home buyers.
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Split views over HK home price prospects
Opinions about the outlook for Hong Kong home prices next year are sharply divided, with the biggest bulls forecasting a repeat of this year's 30% price gains, while others caution that prices have already hit the limits of buyer affordability.
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Abu Dhabi offices fall nearly 40%
Abu Dhabi has seen the fifth fastest declines in office rents over the past year, according to a new global report by research house CB Richard Ellis.
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Minerva seeks to bolster bid defence
Minerva, the property investor and developer, tried to shake off a hostile bid on Wednesday by telling shareholders that its net asset value had surged well beyond the offer price in recent months.
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House prices up 10% this year... but it won't last as economists predict gains will be wiped out in second dip
The average price of a home in Britain has shot up 10 per cent in ten months, according to figures published yesterday.