All Property Week articles in 28 May 1999
View all stories from this issue.
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Markets
Woking
The first quarter of 1999 has seen exciting activity in the office market. Key pre-lets have occurred in buildings being developed speculatively. Bride Hall Developments and its funding partner, Diageo Pension Scheme, have announced the letting of Globe House, Church Street West, a self-contained office headquarters comprising 2,820 sq ...
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Markets
Staines
Commercial activity in Staines is brisk, with occupiers finding that the town offers both convenient access to the M25 and Heathrow and a pleasant environment. The current re-development of Staines Town Centre will improve the shopping area by pedestrianising the high street, initially for a temporary period of 12 ...
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Markets
Vanished without a space
Surrey plans to pre-empt the Government s transport policy but, as Stephen Killick discovers, the county council s idea has created uproar among property people
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Markets
Surrey residential
Surrey is one of the country s premier residential locations. Good schools, easy access to London and open space combined with a strong business base contribute to its popularity. However, such benefits come at a cost. The average sale price of £152,000 in 1998 (source: HM Land Registry) makes the ...
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Markets
Reigate & Redhill
Following the pre-letting of the 3,050 sq m (32,800 sq ft) Castlefield House to Watson Wyatt and the 3,720 sq m (40,000 sq ft) Barons Park scheme in Bancroft Road to NMB Heller, speculative office development in Reigate is now moving ahead rapidly. Construction work is in full progress at ...
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News
Picton sends profits soaring
Picton Estates, the private company specialising in working up industrial sites for change of use to housing, almost quadrupled pre-tax profits to more than £452,000 in the year to February. Rental income from the sites jumped by two-thirds to more than £117,000. This does not include ...
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News
Paternoster Square redevelopment under way
Demolition of the derelict Paternoster Square in the City started on Wednesday, marking the beginning of the end of one of the most unloved office developments in the country. The works were launched by the Lord Mayor of London, Peter Levene, and will pave the way for the £475m ...
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Insight
Oldest swingers in town
The experienced hands behind Dennis Beadle s new venture, Denvale, think trade parks could be as successful as retail warehousing.
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News
Mango plants seeds in UK
Barcelona-based women s fashion retailer Mango has taken its first shop in a UK high street. It has taken a 25-year lease on 819 sq m (8,800 sq ft) at 3-7 Coney Street, York, at a rent of £202,500. Chartwell Land developed the four-unit scheme by refurbishing and extending ...
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News
Lovell sold to Morgan Sindall
Construction group Morgan Sindall is paying £15m to YJ Lovell for Lovell Partnerships, which builds around 1,800 homes a year in partnership with local authorities and housing associations. A turnover of £95m last year produced a pre-tax profit of almost £940,000. Lovell management is expected to remain and work ...
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News
Liberty sets up unit trust
A new unit trust aimed at drawing in private investors is being launched with the backing of Liberty Life and its subsidiary, Capital & Counties . This kind of authorised trust has stagnated because of rules that a large proportion needed to be held in cash or liquid investments. ...
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News
Novotel relieves Leeds hotel shortage
The chronic shortage of good-quality hotel space in Leeds will be relieved by the construction of a new four-star, 195-bedroom hotel in the city centre. Novotel has secured a new-build site at Miller Gregory s £40m mixed-use riverside scheme, Whitehall Phase II. Miller Gregory s agent, Nick Ferris ...
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Markets
Guildford
Since early 1998, when agents complained of a shortage of supply, their complaints have been emphatically answered, with more than 25,080 sq m (270,000 sq ft) currently under construction within four schemes in the town. Nearly 60% of this supply is accounted for by the G3 Cathedral Hill site, where ...
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Markets
Speculating on Guildford
Green Property s Michael Tapp explains the reasoning behind the G3 scheme
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News
Site purchase is way forward, says Matalan
Matalan , the cost-conscious fashion retailer, wants to buy some of the freeholds of its retail warehouses as a way of controlling property costs. So keen is it to keep down costs that it has already resolved to leave retail warehouses at the Gallagher Retail Park, Cheltenham, and Teesside Retail ...
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News
MEPC factory outlet move
MEPC is to increase its exposure to the factory outlet centre market with the acquisition of a new development site in Bideford, North Devon. Factory outlets currently total just 4% of MEPC s overall property portfolio, but the company wants to double its factory outlets in the UK in ...
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Markets
Epsom & Leatherhead
Leatherhead has continued to dominate the local market, as it did in 1998, with a string of developments coming on stream. This year will see the completion of at least 9,290 sq m (100,000 sq ft) of new offices in six buildings, following on from some 3,720 sq m (40,000 ...
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Professional
Hidden debts
Partnerships must now include the 'true' value of debtors, creditors and work in progress in their balance sheets. Julie Walsh and Amanda Merron explain the tax impact of revealing more than just the tip of the iceberg
