All Property Week articles in 29 August 2008
View all stories from this issue.
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APC Advice - Week 8: The supervisor review
Jon Lever explains how you should approach your three-month meeting, and Ben Elder writes about the competency on business planning
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OnlineBoris Johnson visits Stratford City
Australian developer Westfield welcomed a visit from London mayor Boris Johnson today at its Stratford City scheme in east London.
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RICS to tighten standards for new build valuations to reduce fraud
Mandatory changes to the ‘Red Book’ to help valuers capture discounts and incentives when valuing newly-built homes were revealed today by the RICS.
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OnlineWestfield resubmits plans and calls for public inquiry at Northern Ireland's Sprucefield
Australian developer Westfield and Irish developer Snoddons have resubmitted a planning application for the £150m Sprucefield retail development in Northern Ireland.
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Developers told to disclose incentives
Property developers offering cash and other perks in an attempt to attract homebuyers will have to give mortgage lenders full details of their 'give-away' deals as part of an antifraud initiative launched yesterday.
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Mortgage approvals drop 71% on year
Pressure on the government to shore up the sagging mortgage market rose yesterday after the Bank of England revealed lending for new home purchases in July was the lowest since records began in 1993.
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Housing measures hit be lack of funds
Critics of ministers’ housing policy are likely to seize on a lack of significant funding from Whitehall when measures to help the market are unveiled today.
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Spanish property giant loses £2bn
Spanish property group Colonial, which is struggling under huge debts, reported a €2.38bn (£1.9bn) first-half loss as the value of its assets tumbled.
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Oak Holdings project valued at £21m
the property developer, said that its YES! project, a leisure resort in South Yorkshire, is valued at £21m. It is continuing to evaluate options to provide further working capital for the project before finalising a development loan.
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Distressed US borrowers could double
The stricken US mortgage market is set to suffer further setbacks in the next two years as $96bn (£53.3bn) of risky home loans sold with initial flexible payment options switch to more stringent terms. These will raise borrowers’ monthly payments by about 60%.
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OnlineHouston takes over top job at ING Real Estate
ING Real Estate, one of the world's biggest property investors, said today it had appointed Robert Houston as chairman and CEO of its global investment management business.
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John Rand appointed MD at Hartnell Taylor Cook
John Rand has been appointed as managing partner of Hartnell Taylor Cook taking over from Andrew Batchelor.
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LaSalle Investment Management to spend up to £6.65bn on Asian property
LaSalle Investment Management is aiming to spend up to £6.65bn ($12bn) on property in Asia following the final closing of its third opportunity fund for the continent.
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OnlineGovernment must act as housing market on its knees, says RICS
The Government must act ‘swiftly and decisively’ to help the house buying and selling process as the housing market is ‘on its knees’, says the RICS.
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LandSec warns on rent campaign
Retailers campaigning to change existing lease structures with landlords risk falling foul of competition laws according to the chief executive of the UK’s largest commercial property company, Land Securities.
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Housebuilding set to fall to half government targets
Housebuilding is set to fall to almost half the government’s target as development activity continues to slow in the face of the housing market crisis.
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B&B collecting rents directly to control arrears
Bradford & Bingley is collecting rents directly from tenants of properties on which it has lent buy-to-let mortgages as a way of keeping its arrears and possessions under control.
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Taylor Wimpey seeks broader shareholder base
Taylor Wimpey will this week launch a campaign among institutional investors to broaden its shareholder base in preparation for a future capital-raising.
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John Lewis expansion plans cut back
Retail bellwether John Lewis will this week open its latest store, in Leicester, but its managing director, Andy Street, has told The Independent on Sunday that the company's rapid UK expansion is set to be curtailed by the credit crunch.
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Mortgage hopes knocked by Darling
The Treasury has snubbed calls from Britain’s lenders for direct government intervention to kick-start the mortgage market.
