All Property Week articles in 28 May 1999 – Page 2
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Markets
Council takes space at Leatherhead scheme
AXA Sun Life and Chanderhill Properties have agreed a deal with Surrey County Council for one of their Opus office buildings in Leatherhead. The council has paid just under £500,000 a year, equating to £269/sq m (£25/sq ft) for the 1,850 sq m (19,040 sq ft) Opus II, ...
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News
Hermes up for Copthall stake
Pension fund manager hermes has agreed terms with Robert Fleming to acquire its 50% interest in 25 Copthall Avenue, London EC2, after Hammerson pulled out of the £37m deal last week. Hermes first opened discussions with the merchant bank last year before buying a stake in Tower 42 ...
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Markets
Glen House lets HQ to consultancy firm
Glen House Estates has let Lindsey House, its self-contained office headquarters in Addlestone, to Glendinning Management Consultants for £247/sq m (£23/sq ft). The 1,255 sq m (13,500 sq ft) building was let for 15 years. Knight Frank and Lambert Smith Hampton acted for the landlord, and Vail ...
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News
Railtrack gets green light for Clapham
Railtrack was given the signal to proceed with its redevelopment of Clapham Junction station in London this week, after engineers said its plans to build over the tracks were feasible. The rail operator is keeping proposals under wraps, but sources said that it is looking to create at least ...
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News
City Corp plans to flex muscles
The Corporation of London has added its financial clout to the City property market with a £28m investment. The Corporation, the largest freeholder in the square mile with more than 20% of total property holdings, has agreed terms to buy Frogmore s long leasehold interest in International House, Creechurch ...
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Markets
Weybridge & Chertsey
Three and a half years after Weybridge proved that speculative development in the south-west M25 could be sustained, the town is able to build on the success of 241/243 Brooklands Road, where Merseyside Superannuation Fund secured Hyundai and Dragoco upon practical completion. This year, three buildings will be completed and ...
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News
DTZ loses charitable fund to rival company
DTZ Debenham Thorpe s fund management business has fallen prey to the increasingly competitive tendering process by losing a big client for the second year running. The contract to run Christ s Hospital s £100m fund will go to rival Drivers Jonas . DTZ s Paul Abrey said: ...
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Markets
Camberley
Camberley has shown considerable rental growth in new lettings for good-quality office space in 1999. The key deal, which is now acting as a Benchmark for all proposed and existing buildings, is the letting of Taylor Woodrow s Quatro in Frimley. The building provides around 3,020 sq m ...
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News
Clark stages Carter buyout
Carter Commercial director Michael Clark is buying the company from Swan Hill and renaming it Carter Land & Estates. The company has around 70 schemes for food retailing in various stages of site assembly and planning. It made a loss of £1.3m in 1998, but was expected to move ...
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News
Brownfield use pressure grows
ministers came under pressure this week to toughen up on greenfield development in northern England and bring in tax incentives to develop brownfield sites. A Commons motion called for a moratorium on greenfield housing development in the north-west after a government-sponsored study said that 48% of the country s brownfield ...
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News
British Land set to tackle ugly Tricorn
The dogfight to redevelop Portsmouth s ugly Tricorn shopping centre will be forced to a conclusion in the next two months by the city council. Rival developers British Land working with Centros Miller and Tricorn s owner Taylor Woodrow have been asked to ...
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News
Drinks retailer brewing out-of-town schemes
First Quench, the UK s second-largest off-licence group, is planning a full-scale assault on the out-of-town retail market with plans to open 40 drinks superstores by 2003. The company wants to square up to rival Majestic Wine and hit back at the supermarkets, which have poached off-licence trade, with ...
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News
Draft bill paves way for price-paid information
Industry lobbyists remain confident that details of the price paid for commercial properties will soon be restored to the Land Registry, despite a watering-down of the White Paper on freedom of information. In this week s draft bill, the RICS and ISVA, which have lobbied on the issue ...
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Markets
Taylor Woodrow begins building in Staines
Taylor Woodrow Property Company has started construction of Venture House in Staines. The development will provide 1,700 sq m (18,300 sq ft) of offices on London Road close to the station. Steven Keating of letting agent DTZ Debenham Thorpe said: There has been considerable activity of late ...
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Professional
The basic ingredient of good management
Tenant mix policies in shopping centres Although most property professionals recognise the relevance of tenant mix policies, it's uncommon to see a written policy in use A High Court case has demonstrated how the implementation of such a policy is vital to the good management of ...
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News
Barrs snaps up Mr Two Per Cent
Andrew Barrs, one of the leading lights in the investment agency world, is to go it alone as a consultant. Barrs has parted company amicably with Holley Blake, taking clients including Israeli agent Igal Ahouvi with him, to set up Andrew Barrs & Co. Barrs handles the bulk of ...
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News
Battle lines drawn as local shops defy barracks scheme
shopkeepers close to Linden Homes 350-home Caterham Barracks scheme are challenging the developer over its proposed amount of retail space. Linden Homes, which has prided itself on creating a textbook example of community planning and consultation in redeveloping the barracks, has encountered opposition from local retailers, who wrote to ...
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News
UK fights back in City market
UK institutions this week proved that they are fighting back against the growing competition from private overseas investors by buying small- to medium-sized lots in the City property market. Argyll Property Asset Managers was active in two City office deals worth more than £13.5m. Wright Oliphant acted for the fund ...
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Professional
Clear intentions for winning applications
Applications for approval of conditions The Court of Appeal has ruled that it is possible for applications to serve more than one purpose, such as reserved matters and to satisfy a condition In the Tesco case, important planning permission was lost because the application did ...
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News
REStQ bags plum job as PFI project adviser
The government has awarded the largest-ever single public property instruction to Richard Ellis St Quintin, as adviser on the Inland Revenue and Customs & Excise PFI project. The surveying firm beat off competition from King Sturge and Chesterton to win the contract, which is thought to be worth ...
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