All Property Week articles in 3 March 2000 – Page 2
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Markets
Rating revaluation: West End market unfazed
The five-yearly rating circus is back in town. Hundreds of valuation officers have now produced a new rating list based on 1998 values. In turn, hundreds of private-practice rating surveyors fervently hope revaluations have been too high so that they can conduct successful appeals and produce rate refunds (subject to ...
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Markets
East meets west
China wants to ensure its cleverest youngsters don t have to leave the country to find good jobs. Jo Elford discovers how the UK s own science park organisation is helping the authorities to develop science parks and incubators throughout China
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Insight
No place like Dome
At 1m sq ft it is the world s largest covered space, and one of the most controversial. Angela Jameson joined an Investment Property Forum outing to the Millennium Dome to find out what the fuss is all about
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News
Mersey police probe developer
Fraud team examines allegations over grants after English Partnerships investigation
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Markets
E-commerce occupiers: desperately seeking in Soho
The West End is perfectly placed to become a world-class centre for e-commerce. A large, highly skilled labour pool with a service sector orientation, combined with an innovative, entrepreneurial business culture should produce a ready supply of home-grown dot com start-ups. London should also prove attractive to the growing band ...
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Markets
Government definition needed to park science in UK
MEPC science park guru roger quince thinks that talk of clusters is missing the point, writes Angela Jameson. If the government wants to encourage hi-tech industries to stay in the UK, first and foremost it needs to consider redrafting use categories. Quince, a trained economist rather than a property ...
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News
L&AP dancing to a merry tune
Town Centre retail specialist London & Associated Properties increased its net asset value by 10.7% to 58p a share last year. Pre-tax profits increased by 5% to £2.1m and the dividend rose by 10% to 1.1p a share. Rental income was up 6.4% to £7.9m. Chairman Michael Heller ...
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Professional
Weighing up competition
The Competition Act 1998 finally came into force on 1 March. Mark Heighton of CMS Cameron McKenna says that many property transactions will now fall foul of the law
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News
CIT to encourage smaller firms to want more
CIT group plans to woo smaller companies to More London by appointing architects to reconfigure one of the three landmark buildings at the London Bridge scheme. In anticipation of another slow year in pre-lets to large occupiers, CIT is talking to several firms believed to include HOK and ...
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News
Heron catches high-flying trio
Gerald Ronson has poached three directors to oversee the expansion of his Heron City concept throughout Europe. One of the three movers, Chris Milliken, is the latest high-flying agent to leave Insignia Richard Ellis following City office agent Bill Peach s defection last month to Healey & Baker ...
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News
Last space let at Broadgate West
Peter Marano s Broadgate West office development in the City is almost fully let after the developer snapped up another two tenants this week. The developer placed 7,430 sq m (80,000 sq ft) under offer in two separate lettings to Ashurst Morris Crisp and Royal SunAlliance. Law firm, Ashurst Morris ...
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News
Portfolio re-jig pays dividends for Brixton
Strong office and industrial performances lead to higher-than-expected 16% NAV rise
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News
B&Q to buy Watford park
DIY specialist B&Q has snapped up the Watford Arches Retail Park from Pearl Assurance and Gartmore Property Asset Management for £34.5m. The company, which already has a B&Q warehouse on the site, plans to buy out the leases of the other tenants on the park in order to expand ...
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Markets
Cluster bomb
Government policy on whether business parks should encourage similar companies to cluster together is confused. David Lawson reports on the difficulty of encouraging growth sectors while upholding the planning regime
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News
Blow for JLL as two staff walk
Jones Lang Lasalle s West End leasing team has been hit by two resignations. Guy Taylor and Andrew Barnes, both associates under the direction of Paul Yearly for six years, are understood to be frustrated at the lack of promotional opportunities within the team. Taylor is joining Healey & ...
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News
Ritblat blasts euro
Britain s best-known property chief, John Ritblat , has slammed Labour s policy on the euro. The man who gave tacit approval to New Labour by hosting a City breakfast for Tony Blair in the run-up to the 1997 General Election told Property Week that his ...
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News
Mixed results from US 'big five'
Trammell Crow, the last of the big five US-based property services firms to report its 1999 results, has achieved a 49% increase in earnings after a better-than-expected fourth quarter. Earnings per share came in at $1.50 (94p), of which $0.61 (38p) occurred during the fourth quarter. Full-year revenues were $687.4m ...
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Markets
Fringe benefits
Demand in the West End is being driven by dot coms’ desire to recruit and keep young, highly skilled staff. Tim Danaher reports on the effect of these new hi-tech requirements and how traditional fringe areas are poised to cash in
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Markets
Driving commuters round the bend
Strutt & Parker s Andy Martin says that a lack of long-term transport solutions, combined with a planned reduction in parking density, will increase the demand for existing out-of-town business locations
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