All Property Week articles in 27 November 2009 – Page 2
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Estate agent tricked client out of £7million by secretly selling his 8,000sq ft home to a developer for 'only £2.9million'
One of Britain's biggest estate agents has admitted cheating a client into selling his £10 million home for a third of its true worth.
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Greene King looking for acquisitions
Greene King, Britain's fourth-largest pub company, is expanding its empire with the acquisition of seven new pubs, and plans to keep buying.
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Posen calls for 'bubble tax' on homes
Homeowners must be charged penalty taxes on their properties if the UK is to avoid a future housing crash, according to one of the Bank of England's policymakers.
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Northacre loses £2m in “challenging” half year
Northacre, the London residential developer headed by John Hunter, made a pretax loss of £1.98m in the six months to 31 August.
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John Lewis calls on Manchester for new contact centre
John Lewis has signed up to open a new call centre in Manchester’s Didsbury.
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Gibbon and McCurley to re-unite
Two of London’s best known property advisers, Tony Gibbon and Tony McCurley, intend to re-form their partnership and to create a new investment agency boutique in the second quarter of next year.
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Chelsea Barracks court case kicks off today
The Prince of Wales and Mayor for London Boris Johnson will not be asked to give evidence in the High Court clash over the £1bn Chelsea Barracks site.
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Ireland bans upward only rent reviews
Ireland’s minister for justice, equality and law reform Dermot Ahern has banned upward only rent review clauses for business leases in a move that has been widely condemned by the Irish property industry.
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Flannels agrees CVA
Designer fashion boutique chain Flannels agreed a Company Voluntary Arrangement (CVA) with its creditors yesterday.
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Royal Mail to sell Coventry site
Royal Mail has appointed Jones Lang LaSalle to sell its mail centre in Coventry.
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Unite to raise £150m of equity
Unite Group’s UK student accommodation fund is to boost its spending capacity to £325m by raising new equity.
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St Modwen buys two sites
St Modwen has bought 60 acres of strategic development land in the south-west and Yorkshire.
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London’s West End is world’s most expensive office market
The West End in London has again been crowned as the world’s most expensive office market, according to research from CB Richard Ellis.
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Yorkshire Water seals deal in Leeds
Yorkshire Water has taken 57,000 sq ft in Leeds in the city centre’s largest deal for five years.
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NewRiver makes debut purchase
NewRiver Retail, the retail property investment company set up by Halladale founder David Lockhart, has made its first purchase.
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Shaftesbury reports strong end of year results
Shaftsbury’s property portfolio declined in value by just 3.8% against an IPD decline of 25.3%, the central London property company said today.
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World offices centres get cheaper by the dozen
The world’s most expensive office markets all got a cheaper this year.
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Dubai crisis: Dubai World will get no State guarantee
Dubai’s government will not guarantee the debts of Dubai World, the state-owned holding company struggling under the weight of $59bn (£36bn) in liabilities, arguing that lenders were mistaken to think that there was sovereign backing.
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Around 40% of Dubai office space vacant
About 40% of Dubai’s office space is lying empty after the emirate’s construction boom outpaced demand, broker Knight Frank has said.
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US commercial mortgage defaults hit 3.4%
The commercial mortgage default rate on loans held by US banks more than doubled to 3.4% in the third quarter as vacancies rose and rents declined, Real Estate Econometrics said.