All Property Week articles in 28 November 2008 – Page 13
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Pre-Budget Report: VAT cut to 15%
Chancellor Alistair Darling has cut VAT (Value Added Tax) from 17.5% to 15%
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Pre-Budget Report: £1.8bn housing package
Chancellor Alistair Darling announced a £1.8bn package for housing in today’s report.
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Pre-Budget Report: Port occupiers can spread bills
Port occupiers have been given time to spread out their payment of backdated business rates in today’s Pre-Budget Report.
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Pre-Budget Report: Chancellor closes door on pub and hotel REITs
Chancellor Alistair Darling today made it easier for property companies to become REITs, but operational businesses which own property assets will face more hurdles.
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Pre-Budget Report: Government-owned assets could be sold
Any shortfall in cash earmarked for the governments’ plan to spend the UK out of a recession could be met by selling off state-owned assets and companies, according to today’s pre budget report.
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Pre-Budget Report: £5bn ‘efficiency’ plan
Chancellor Alistair Darling is looking to make a further £5bn of ‘efficiency savings’, including property savings, across government.
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Pre-Budget Report: Labour to accelerate £3bn of projects
The government is set to bring forward £3bn of public sector projects, to tackle what chancellor Alistair Darling called ‘economic uncertainty not seen for decades.’
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Planning process overhaul recommended
Twelve-week deadlines for processing major planning applications should be scrapped in favour of customer satisfaction ratings, according to a review of the planning system published today.
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EasyOffice expands in London and Glasgow
Sir Stelios Haji-Ioannou’s easyOffice business, designed to help start-ups with low-cost office space, is expanding with two new sites opening in London and Scotland.
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Plans submitted for £180m mixed use regeneration scheme for Canning Town
The English Cities Fund has submitted plans for a £180m mixed-use development in Canning Town, east London that will also see the revitalisation of a historic market.
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Pre-Budget Report: Empty rates holiday - Join the debate
Alistair Darling, chancellor of the exchequer, has scrapped empty property rates for properties with an estimated value of less than £250,000 - which he says represents around 70% of empty commercial buildings in the UK.
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Oxford Street closed due to unsafe building
Oxford Street has been closed between Bond Street and Holles Street due to an unsafe building being redeveloped by Legal & General at 315-319 Oxford Street.
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Cushman and Wakefield's economic pulse: Asia
The rate of decline of the global economy has surprised everyone, and now the strength of response from some governments has been equally surprising.
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Corporate real estate transactions up 15%
Corporate real estate transactions in Europe reached €13.98 bn (£ 11. 8bn) in the first half of 2008, up 14.6% from €12.2 bn (£10.37bn) in the first half of 2007.
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Rezidor to open Park Inn Peterborough
The Rezidor Hotel Group will open its twentieth UK Park Inn in Peterborough in December.
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Landmark £20m hotel for Chesterfield
Bradbury Hall Developments has submitted plans for a £20m hotel and office development on the outskirts of Chesterfield town centre.
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Brown to budge on empty rates
The Government is set to announce changes to property’s hated empty rates tax in this afternoon’s pre-budget report.
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Middle-East funds go for Debenhams' Oxford St store in London after £150m deal fails
Middle Eastern sovereign wealth funds are poised to swoop on the flagship Debenhams store in Oxford Street, following the collapse of a £150m deal with a Ukrainian investor.
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Keren Homes in administration
Keren Homes and subsidiary Keren Homes Birmingham have both gone into administration.
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Cushman and Wakefield's monthly report on the US economy
It’s a Recession with a capital 'R'. The performance of the US economy continues to deteriorate.