All Property Week articles in 29 August 2008 – Page 8
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Stalled Newbury scheme to go ahead
Standard Life Investments will go ahead with proposed redevelopment in Newbury.
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Sniper takes its Macau fund into warehousing
Macau Property Opportunities Fund has completed its first warehouse property investment near the former Portuguese colony.
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Gloom at Taylor Wimpey despite debt boost
Taylor Wimpey said this week that it was confident of agreeing a deal with its lenders that will see interest cover covenants relaxed before the end of the year.
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British Land's Stephen Hester takes up non-exec role at RBS
Stephen Hester, chief executive at British Land, is to take up a position as a non-executive director of The Royal Bank of Scotland Group.
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Countrywide expands with Northern take-over
Countrywide Residential Lettings (CRL) has acquired Specialist Lettings Management (SLM), a letting agencies in the north of England.
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Bovis urges Government to help solve mortgage misery
Bovis has called on the Government to step up its attempts to support the housing market in a bid to ease the misery being felt in the sector.
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Mortgage approvals highlight household strains
Mortgage approvals remained close to record lows last month, figures from high street banks showed yesterday, while weaker deposit growth and lower credit card spending pointed to mounting financial strains on households.
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Retail giants declare Liberty stakes
Two of the world’s largest retail real estate companies, Australia’s Westfield and US developer Simon Property Group, have declared stakes in Liberty International, strengthening the prospect of a bid for the FTSE 100 retail property owner.
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Cap & Reg fund sells
Capital & Regional said that the Junction, the specialist retail park fund, has exchanged contracts for the sale of Templars Retail Park in Oxford for £57m. Capital & Regional is the asset manager of the Junction and held 27.3% of the fund’s units at the end of July.
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Buy-to-let weakens
Buy-to-let lending weakened during the second quarter, the Council of Mortgage Lenders reported. The total number of buy-to-let loans agreed fell to 69,800, down by 21% from the same period last year. The number of buy-to-let loans agreed for property purchases, rather than remortgages, fell by 33% to 31,650.
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US house prices drops ease
US home prices posted a record annual decline of 15.9% in June, but the pace of monthly falls slowed significantly, offering hope that the ailing US housing market is edging towards a rebound.
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Rock debacle batters City's reputation
Eighteen months ago, the City was riding high. Companies flocked from across the world to take advantage of London’s principles-based regulation and wide investor base. The mood on Wall Street was more embattled. The subprime mortgage market was showing signs of strain and three separate commissions were bemoaning a loss ...
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Fears rise over Rock mortgage quality
New evidence that Northern Rock owns a poorer quality mortgage book than its peers has emerged just days after previously unseen documents revealed the Government was warned that the taxpayer could lose up to £1.28bn by nationalising the stricken bank.
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Obama considers direct help to housing market
Barack Obama would consider ratcheting up support for the housing market if he wins the presidential election, a top adviser has said.
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CoreNet sets up Central Europe branch
Corporate real estate association CoreNet Global has set up a Central Europe arm, incorporating Germany, Switzerland, Austria, the Czech Republic, Hungary, Liechtenstein, Poland, Slovakia and Slovenia.
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CABE and Design for London back Olympic Stadium design
The Commmission for Architecture and the Built Environment and Design for London today backed the design of the stadium for the London 2012 Olympics.
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Junction fund sells Oxford retail park
Resolution has bought the Junction funds’ Templars retail park, Oxford for £57m.
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Clydesdale Bank moves to Stockland’s City of London office scheme
Clydesdale Bank has agreed terms to take 15,630 sq ft at Stockland’s 33 Gracechurch Street office scheme in the City of London.
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ING sews up Kajima’s Savile Row buy
Kajima has bought a Mayfair office building from ING Real Estate for £40m.
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Logistics company takes South Yorks shed
Logistics operator Cert Octavian has taken 84,000 sq ft at Adwick Park, Manvers, near Rotherham in South Yorkshire.