All Property Week articles in 28 August 2009
View all stories from this issue.
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Glanmore secures £95m rescue equity
The Glanmore Property Fund has managed to raise the £95m rescue equity needed to prevent a firesale of assets.
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$76m first half loss for Cushman & Wakefield
Cushman & Wakefield has reported a $76m loss for the first half of the year compared to $67.3m loss in the first half of 2008.
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Wiltshire Council approves new Asda store
Wiltshire Council has granted planning permission to ASDA to open a new store on Bradford Road in Melksham.
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Songbird to buy and repay outstanding £880m Citi loan at discount
Songbird, the AIM-listed vehicle which owns a 60.8% interest in Canary Wharf Group, is to raise equity to purchase and repay an outstanding £880m loan to Citi.
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Goodman makes profit despite 'challenging' conditions
Australian property group Goodman made a full year operating profit after tax of A$408m for the year ended 30 June 2009, but posted a statutory accounting loss of A$1.12bn as a result of write-downs.
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RICS appoints new regulatory chairman
The RICS has appointed Eve Salomon, who also holds roles such as commissioner of the Press Complaints Commission, as chairman of the RICS Regulatory Board.
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JLL's English chairman John Stephen to leave
John Stephen, chairman of Jones Lang LaSalle’s English business, is to leave the firm after 36 years to focus on several other property roles.
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London & Associated Properties is ‘cautiously optimistic’
London & Associated Properties, the listed shopping centre and London retail property company, said it is facing the future with ‘cautious optimism’ in its half year results to 30 June 2009 released today.
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Al Ismailia Seeks $80m to restore Cairo's glory
Cairo developer Al Ismailia for Real Estate Investments plans to raise $80m from investors to buy and restore crumbling buildings in the Egyptian capital’s centre to their late 19th-century elegance.
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Orco losses hit €199.9m
Orco Property Group SA, a developer with much of its business in central and eastern Europe, said its net loss for the first half of the year widened as the value of its real-estate portfolio fell 12%.
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Goldman Sachs sued by NY landlord
Goldman Sachs has been sued by a Manhattan landlord who alleged the bank violated the terms of its rental agreement by failing to share profits from a sublease of the space.
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Goodman Group dives to $1.12bn loss
Goodman Group, Australia's largest industrial property trust, posted a large headline loss on property writedowns today, but met market expectations with its underlying profit and made some encouraging outlook statements.
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Empty warehouse space hit record 106m sq ft
The amount of empty warehouse space in the United Kingdom has risen to a record 106m sq ft as businesses have cut costs and reduced stock levels.
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Pounds shop fill empty Woolies stores
The void on the UK’s high streets left by the collapse of Woolworths has been predominantly filled by pound stores and discount retailers, in a stark indication of how the credit crisis has reshaped the retail industry.
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LandSec lets to News International
Land Securities and the Cadillac Fairview Corporation have let 192,000 sq ft of office space over 11 floors to News International, parent company of The Times, for £4.2m a year for ten years. The deal will give News International flexibility to develop its existing buildings in East London.
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Battersea scheme threatened
The directors of Battersea Power Station have stated that the company faces 'material uncertainties' which could cast doubt on its ability to continue as a going concern.
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NHBC reports increased building
National House-Building Council said that it had received 23,661 applications to start new homes in the private and public sectors during the three months May to July — a 9.4% increase on the previous quarter. It added that building work was up in the East and West Midlands and in ...
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Savills sees evidence of growth
Savills said it saw signs of growth again in certain markets in spite of a first half performance that almost wiped out pre-tax profits.
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Segro sees stability signs
Segro said the investment market was showing signs of stability again although it warned about future occupier demand in the sector.
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Rise in house prices sparks hope for market rebound
UK house prices in August took their biggest one month leap in nearly three years, prompting some economists to argue that a rebound in growth will be stronger than expected.
