All Property Week articles in 29 February 2008 – Page 4
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OnlineKnott is north west personality of the year
Ask chief Ken Knott was named north west property personality of the year in front of 1,200 people in Liverpool last night.
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Online
IVG launches private investor fund for Asia
IVG Immobilien has launched its first ever closed-ended property fund focused on Asia aimed at private investors.
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Online
Resi should mirror commercial says GLA
Large scale institutional investment into residential property is only likely to happen if the ‘buy-to-let’ market is treated more like commercial property, according to the Greater London Authority.
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News
Rental only plan could side-step housing rules
Developers could escape Ken Livingstone’s strict rules on affordable housing if they build 'rental-only' accommodation, under a radical proposal by the Greater London Authority. Financial Times
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News
Mittal puts £40m home up for sale as Barratt moves in
One of the world’s richest men is selling his £40million house in London’s “Billionaires’ Row” after Barratt Homes was granted permission to build flats next door. Daily Telegraph
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News
Londons edge over New York eroded
London is losing its status as the world’s leading financial centre and being overtaken by New York, according to a global survey of finance professionals. Financial Times
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News
CGT changes to be retrospective
The Government has decided on the most severe way of introducing its new capital gains tax regime by insisting on a controversial retrospective measure that will catch thousands of Britain’s most successful entrepreneurs who have already sold businesses. Daily Telegraph
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News
Redrow half term profits down over a third
Redrow, the housebuilder, reported a 34.5% fall in its first-half pre-tax profits to £35.8 million after a fall in sales and gave warning of worse to come. The Times
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News
Buyers without 10% deposits out of luck
Lloyds TSB has become the biggest lender to refuse mortgages to buyers who do not have a 10 per cent deposit. The Times
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News
Land registry confirms house sale slump
The number of houses sold in November 2007 fell by 22% compared with November 2006, according to figures from the Land Registry. House prices rose by 0.9% in January, but annual house price inflation fell for the fifth month in succession to 6.4%. The Times
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News
German group a €1.3bn sub-prime victim
Another German financial group fell victim to the US subprime mortgage crisis yesterday when DZ Bank, the country’s fifth-largest, revealed a writedown of more than €1.3bn ($2bn) in its securities portfolio and warned that 2008 would be a volatile year. Financial Times
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News
$2bn hedge fund implodes
One of London’s most successful hedge funds imploded yesterday when Peloton Partners put the assets of its $2bn (£1bn) flagship fund up for sale and froze its remaining fund after geared mortgage bets left it unable to meet lenders’ demands. Financial Times
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Professional
Zero tolerance
The government wants every new office, shed and shop to be zero carbon by 2020.
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ProfessionalSubletting premises
Question: My tenant has asked me to agree to a subletting of its premises at a lower rent than it is paying. Its solicitors say I have to agree as I will continue to receive the full rent under the main lease. Is that correct?
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News
Tesco tears into Wear retail park
Tesco is in talks with Sunderland City Council to open a store at Sunderland Retail Park, to the north of the River Wear.
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News
Savills opens up in Wales
Savills has opened its first commercial division in Cardiff, Wales this week.
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Markets
Mole Valley to undergo revamp
The newly formed Mole Valley Housing Association, part of Circle Anglia, has selected United House and the Apollo Group to refurbish 2,000 homes across Mole Valley in Surrey in a £20m five-year scheme.
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