All Property Week articles in 28 November 2003 – Page 3

  • News

    BoS pension fund to make property debut

    28 November 2003

    The Bank of Scotland Pension Scheme is setting up a £120m commercial property investment portfolio. The bank's 1976 pension fund, which has never previously had any exposure to direct property investment, has appointed Knight Frank Investment Managers to set up and manage the portfolio. Knight Frank's appointment is on ...

  • News

    Retailer revolt on Bond Street

    28 November 2003

    Burberry, Chanel and DKNY among 20 luxury shops demanding rates reductions

  • News

    Fordgate blow

    28 November 2003

    Hammerson ’s deal to sell three London office buildings to a subsidiary of Fordgate has collapsed. Fordgate had agreed to pay £122m for 21 Moorfields, EC2, plus Grant Thornton House and 40 Melton Street at Euston Square, NW1. However, Hammerson issued a statement this week saying that Fordgate had failed ...

  • News

    Noé meets shareholders in Derwent takeover bid

    28 November 2003

    Major shareholder opinion canvassed after board rejects improved 771p-a-share offer

  • News

    LDA's Olympics bid hits Hermes hurdle

    28 November 2003

    Landowner refuses to sell key 250,000 sq ft site to agency

  • Markets

    Bowling for Beckenham

    2003-11-28T00:00:00Z

    A southern hemisphere approach to turning sports clubs into business opportunities has led to Leander Holdings developing some of the most unlikely sites in the county.

  • Markets

    Banking on youth

    28 November 2003

    Some of Norwich's most beautiful and imposing buildings are losing their business occupants and finding new community-related uses that should liven up the city.

  • News

    Irish bank holds UK key

    28 November 2003

    Bank of Ireland Life is set to raise ¤50m (£35m) from Irish private investors for a ¤150m (£104m) fund to buy UK commercial property. Investors will contribute a minimum of ¤30,000 (£20,866) to reach a total of ¤50m (£35m) of equity with ¤100m (£70m) of debt provided by Bank of ...

  • News

    Ballymore forms JV on former Railtrack site in Liverpool

    28 November 2003

    Dublin-based private DEVELOPER Ballymore is to develop a £100m mixed-use scheme in its first project on a former Railtrack site. Sean Mulryan's company is understood to have signed an agreement with Manchester-based residential developer Merepark for a 50:50 joint venture to develop the scheme in Liverpool. Ballymore and Merepark ...

  • Professional

    How bad is the new Stamp Duty?

    28 November 2003

    The Revenue has got some things right and a lot wrong

  • News

    Ashwell's Suffolk nod

    28 November 2003

    Cambridge-based developer Ashwell Property Group has been named as development partner for a £500m mixed-use scheme near Sudbury in Suffolk. Ashwell has been selected by Suffolk County Council to develop 270 acres (109 ha) at Chilton near Sudbury. The development plans include residential, retail and leisure units, a new primary ...

  • News

    Portfolio and Apollo buy Glasgow Forge

    28 November 2003

    Apollo Real Estate and Portfolio Holdings have bought the Forge Shopping Centre in Glasgow from Resolution Property and the US Teachers’ Pension Fund for £100m. As predicted in Property Week (news, 31 October, p5), the US investors have acquired the 456,000 sq ft (42,363 sq m) centre, which is anchored ...

  • Markets

    Worlds apart

    28 November 2003

    Retail in the centre of East Anglia's two largest towns could not be more different. While Norwich attracts top international names, all is quiet in Ipswich.

  • News

    Big profits at Anglo Irish

    28 November 2003

    Anglo Irish, one of the main commercial property lenders increased pretax profits by 33% to ¤346.5m (£240m) in the year to 30 September. Lending to customers increased by 34%, the largest growth in the bank’s history, to ¤18.1bn (£12.6bn). The full-year dividend has been raised by 50% to 18.8 cents ...

  • Insight

    Being chairman of Jarvis will not curb my mayoral ambitions

    28 November 2003

    If you have been too absorbed in the aftermath of England's victory in the Rugby World Cup, you might not have seen that I took on the chairmanship at Jarvis , the PFI and rail group, earlier this week. I have been a non-executive director at the company for several ...

  • News

    Savills starts Euro drive by signing new alliances

    28 November 2003

    Agency forms associations with local operators in Sweden, Portugal and Northern Ireland

  • News

    British Land upbeat after modest year

    28 November 2003

    Chairman Ritblat still confident despite disappointing annual results

  • News

    Lathe adds to Redleaf IV fund

    28 November 2003

    Lathe Investments has bought the second centre for its Redleaf IV limited partnership. It has bought Central Square Shopping Centre in Erdington, Birmingham, for £9m from Quintain , taking its total fund size to £22.2m. The 67,500 sq ft (6,270 sq m) scheme includes 25 shops and three office suites, ...

  • News

    Avon acquires industrial estates

    28 November 2003

    Avon Capital Estates has purchased two industrial parks for £8.1m. It has bought Mainstream 47 in Birmingham from HSBC Property Investments for £4.5m, reflecting a net initial yield of 8%, and units 1-4 Pegasus Way on Bowerhill Industrial Estate in Melksham, Wiltshire, from Highcross for £3.6m, reflecting a ...

  • News

    Workspace reveals 7% NAV increase

    28 November 2003

    Share price rockets after strong performance in half year