All Property Week articles in 3 December 1999 – Page 2
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News
KF loses work as staff defect
The saga of Knight Frank s troubled Manchester outfit has taken a new turn. Robert Shaw has left as the office s managing partner. Shaw s move is the latest in a series of high-profile departures, such as that of retail partner Mike Bathurst and investment agent Ben ...
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News
Government move hits cuts in rateable values
Occupiers in poorer parts of the country, whose rateable values have fallen, are set to be the main losers under the government s proposals for transitional relief. Rating experts hit out at the initial 2.5% cap for occupiers whose bills should go down. According to Peter Reed at King ...
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News
Compco maintains solid growth
Compco, one of the top-performing property companies, produced another healthy set of results this week, revealing a 7% increase in net asset value in the first half.
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Markets
Office comment On the right track
Office comment Investment in Midtown has been increasing but a commitment to Crossrail is needed.
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Markets
Comment: Discount trading
Imagine a new building or a new development under construction with a high-quality specification incorporating all the latest technological requirements of the modern occupier, a double-height entrance foyer and car parking. The levels of natural light are above average and the regular floorplates are in excess of 930 ...
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News
Investors raise stakes at Frogmore and Wates City
The managements of Frogmore and Wates City may be nervous this week, as two private investors continue stakebuilding. At Frogmore, Jack Petchey increased his holding to 12.2%. Through his vehicle, Trefick, he has taken advantage of property share prices that have been weak since June, increasing his stake from ...
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Markets
Nottinghamshire industrial Rise in interest rate casts a cloud
High residential demand is causing a lack of new industrial units, and a shortage of land for development.
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News
MEPC buyout helps MFI to shelve its debts
MEPC is poised to double the size of its retail warehousing portfolio after clinching the £110m deal to buy 10 retail warehouse parks from furniture retailer MFI. The parks produce an annual income of £7.5m a year, representing a net initial yield of 6.5%. MFI agreed to sell the ...
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News
Haute Brum
Haute couture fashion house Christian Lacroix has chosen Birmingham ahead of Manchester as the location for its first English store outside London. The Italian retailer, with two stores in London s West End and a store in Glasgow, has signed up to a 190 sq m (2,000 sq ...
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News
City unimpressed with British Land
British Land 's shares, which have hugely underperformed this year, dropped another 10p early this week in a surprise response to the company posting a 94% increase in half-year profits. Pre-tax profits for the six months to 30 September rose from £50.1m to £97.4m, mainly due to a £41.9m gain ...
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News
Unilever brews up a tea storm
Food giant Unilever hopes to emulate the success of Starbucks and Costa coffee shops with an international chain of tea bars. Following the success of two pilot Ch a bars in Brighton and Bristol, which opened this summer, Unilever subsidiary Brooke Bond is launching an ...
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Markets
Retail overview Garden borders flourish
Covent Garden still dominates, but the secondary areas are becoming more popular.
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News
Canary Wharf bolsters property's performance
A 19% leap in Canary Wharf's share price last week masked another disappointing period for property shares.
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Markets
Covent Garden Blooming marvellous
Investment in Covent Garden is hotting up and there is lots of activity in all sectors.
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Markets
Notebook Not so black for Lace Market
The cost of living in Nottingham s Lace Market has nearly doubled in the last two years.
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News
New MEPC benefits from restructuring
Newly-restructured MEPC delivered a better-than-expected set of annual figures this week with the promise of greater things to come.
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News
Ruhan switches to Australian market
Birmingham property entrepreneur Andy Ruhan is set to invade Australia with his £500m telecoms venture, Global Switch. Ruhan has teamed up with Australian telecoms expert Tony York to open the first facility of its kind in the Asia-Pacific region. The company is understood to be in negotiations on several sites ...
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Professional
Auditing performance
Building surveying Measuring performance under long-term maintenance contracts has become a distinct speciality for surveyors. Michael Ridley assesses the demand the Egan proposals have created for extending these services to capital programmes
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Professional
Greenbelts prove a grey area
Rural Public ignorance is hampering the government’s efforts to reach a rational solution to the looming housing crisis.
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