All Property Week articles in 29 May 2009 – Page 2
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Sharp drop in offshoring of jobs
A sharp decline in the 'offshoring' of jobs from Britain to cheaper locations in Asia and eastern Europe is being accentuated by the recession, Financial Times research has found.
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AEW’s Ric Lewis goes it alone
Ric Lewis, former chief executive of Curzon Global Partners and chief investment officer of AEW Europe, has left the firm to set up Tristan Capital Partners.
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MWB Business Exchanges snaps up 15 MLS centres
MWB Business Exchange has acquired 15 centres from the administrator to MLS, bringing its network up to 73 centres.
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First Property Group to launch UK property fund
First Property Group, the AIM-listed fund manager, said it is considering the launch of a UK property fund in excess of £100m by the end of the year.
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Westbrook and Centurion under offer to buy Equiton
The Equiton Partnership has gone under offer to US private equity investor Westbrook Partners in partnership with Julian Rooth’s Centurion Properties for more than £200m.
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Morris appointed Intercontinental Hotel UK head
Will Morris has been appointed managing director of the Intercontinental Hotel Group’s (IHG) UK and Ireland managed estate.
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F&C REIT Asset Management gets green light for industrial park expansion
F&C REIT Asset Management has been granted planning permission to expand Network 46 Distribution Park near Lincoln by 960,000 sq ft.
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Arbuthnot recruits UBS’s Tanner to lead new property business
Arbuthnot, the independent banking and financial services group, is launching a real estate fund management business.
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MORNING AFTER: Comic Relief five-a-side football
Key names in property went head to head in a five-a-side football match to raise money for Comic Relief last month.
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Middle East not spending in first quarter, says CoStar.
There was 'absolutely no money at all coming out of the Middle East' in the first quarter of this year, independent research consultancy CoStar's managing director Paul Marples told Property Week.
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Pinewood's 'movie community' plans submitted
Pinewood Sheperton has submitted plans to develop ‘Project Pinewood’, the world’s first ‘live-work’ film and television community.
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Braemar farm fund to float on AIM
The Braemar UK Agricultural Land fund has proposed to float on AIM and raise up to £20m through an offer for subscription in July.
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Watford Council buys former Woolies for development
Watford Borough Council has bought a 45,000 sq ft former Woolworths store in Watford’s high street.
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Empty retail shop stores increase in Northern Ireland
Retail vacancy rates in Northern Ireland are rising as the market continues to suffer in the prolonged recession, according to CB Richard Ellis.
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Landro unveils Felixstowe cliff top residential scheme
Developer Landro has unveiled its plans for a cliff top residential scheme in the Felixstowe conservation area.
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Rating agency starts grading Indian valuers
Credit rating agency CRISIL has started grading real estate valuers with the very first grading announced for a Mumbai based valuer.
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Fed mortgage cost programme stalled by bond market
The U.S. Federal Reserve's program to keep mortgage rates low by buying securities and Treasury bonds so far has been costly and seems to be having a fleeting impact.
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HK buyers snap up Shanghai luxury flats
Shui On Land's recent sale of luxury flats in Shanghai's upmarket Xintiandi district has proved popular with Hong Kong buyers, indicating restored property investor confidence in the city earmarked to become the nation's international financial hub.
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Two former Nakheel employees jailed
Two former Nakheel employees were sentenced to three years in prison on Sunday for their involvement in a AED5.14m ($1.4m) bribe on a property deal in Dubai.
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Indiabulls cut to 'hold' by Deutsche
Indiabulls Real Estate, India’s third-biggest developer, was downgraded at Deutsche Bank AG, which cited the gains in the shares, a possible sale of warrants and 'weak demand' for its Mumbai office projects.