All Property Week articles in 30 April 1999 – Page 3
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News
Busy week for smaller stocks
While the major property stocks had a flat time last week, there was a great deal of activity at the smaller end. After the surge in prices the previous week, particularly among the majors, last week was a disappointment. British Land and Land Securities both dropped marginally, as ...
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Markets
This hub will only get busier
The East Midlands is quite difficult to pin down in terms of identity because, unlike the neighbouring West Midlands, it does not have just one centre. Despite this, it is perfectly fair to describe it as the hub of England. It is the distribution capital of the UK. From Daventry, ...
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News
Royal London nets BT pre-let
Royal London is close to securing a deal with BT to develop a new Leeds headquarters on Sovereign Street. BT wants a 10,219 sq m (110,000 sq ft) office block to help regroup its unwieldy city centre office holdings in two buildings: the new HQ and Telecom House. BT ...
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Insight
Brownian notions
Under chairman Bruce Brown, Lambert Smith Hampton has become the UK s second-largest surveying firm. But further expansion will take the company beyond surveying.
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Markets
Brand new interest
Rebranding may seem the obvious solution for property that stubbornly refuses to shift, but there has to be more substance to it than simply a change of agents and boards. The receiver for Northampton Business Park decided to pull out all the stops earlier this year to attract interest in ...
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News
Safeway takes Booker centre
Safeway has seen off Tesco and ASDA to take Booker's former distribution centre at Swan Valley Park in Northampton. It has let the 32,516 sq m (350,000 sq ft) warehouse to use as a national distribution centre on a 24-year lease at £57/sq m (£5.30/sq ft). Booker sold ...
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News
Bluewater campaign makes a splash
The advertising campaign to launch Bluewater in Kent won developer Lend Lease the top marketing strategy award at the ICSC Europe conference held last week in Madrid. Retail specialists from seven countries served on the Jean-Louis Solal awards jury, which calculated that the marketing of the Bluewater vision ...
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Professional
CCTV: is Big Brother watching you?
CCTV and the Data Protection Act 1998 The Act is likely to regulate CCTV systems; operators will need to rethink their data processing operations and controls Operators must respect the privacy of those filmed and take steps to ensure the security of the films
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News
Miller fights on in bidding war over Cala
Miller Group, the acquisitive private property and construction company, is having its second attempt at trumping a management buyout of a public company. Last December it failed in a 35p-a-share bid to buy commercial property investor City Site Estates , when some shareholders curiously accepted a much lower 26p-a-share ...
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News
Hammerson loses Paris bid
Hammerson has narrowly missed out on the chance to buy Credit Lyonnais's headquarters in Paris after being outbid by German Investment fund TMW. Acting in association with US insurer AIG, TMW won through with a bid of FFr1.5bn (£150m). Hammerson is believed to be recentring its investment activity on ...
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News
Greycoat inside bid seen as most likely to win out
This week s announcment from Greycoat s management team that it plans to make a bid for the company with backing from Mercury Asset Management is likely to deter many rivals from putting in a bid. Having secured MAM s backing, Peter Thornton and his team, who obviously know ...
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News
Birkby sharpens bid to take over Workspace
Workspace Group is preparing to defend itself against a £100m bid from rival Birkby in what will be the second takeover battle initiated by Isle of Man investment vehicle Trefick. Alan Porter and Harry Platt, Workspace s chairman and chief executive, are awaiting a 630p-a-share bid from Huddersfield-based ...
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News
Cornhill takes on Baltic House lease
Cornhill Insurance has fulfilled its City of London office requirement by taking an overriding lease on Baltic House at 27 Leadenhall Street, London EC3, after the First National Bank of Chicago (FNBC) paid £1.3m for a lease surrender. The insurance giant has occupied two floors in the building since 1986, ...
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News
C&C to pull out of Australia
Capital & Counties , a wholly owned subsidiary of Liberty International , is planning to sell off its Australian interests for A$156m (£63m) following a strategic review of its business. The company will dispose of its 50.9% holding in Capcount Property Trust and its 100% stake in Capcount Management. C&C ...
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News
Standard Life plans Egan Lawson appeal
Standard Life is to appeal against a High Court ruling last week which ordered it to pay compensation to London agents Egan Lawson for failing to pay an introductory fee on a deal. The fund was told to pay Egan Lawson £135,125, together with interest and costs. Doug Lawson ...
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News
AIG gazumps UBS to get into Curzon Street
American International Group (AIG), the largest US insurer, is today due to sign up for a floor at 1 Curzon Street in Mayfair, gazumping another party for the space. Advised by Weatherall Green & Smith, AIG s deal on the fifth floor will scupper plans being hatched by ...
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News
JLL loses three after Worboys
Three of Jones Lang Lasalle s national office leasing team are jumping ship in the wake of Tim Worboys departure, leaving just Chris Hiatt and Guy Lambert managing one of the largest client books in the industry. National director of development management Paul Boldon leaves JLL at the ...
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News
Bracknell ranking not affected, claims L&G
Michael Fitzgerald QC, acting on behalf of Legal & General , has denied that his clients proposals for redeveloping Bracknell Town Centre will have any effect on the town s position in the retail hierarchy. Addressing the public inquiry into which of two rival developers should rebuild Bracknell ...
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News
H & B to advise on Texaco sale
Healey & Baker has been appointed to provide Texaco with advice on the sale and leaseback of its 1 Westferry Circus head-quarters building in London's Docklands. The oil giant is planning to cut its space requirement to just 65% of its existing 22,410 sq m (241,234 sq ft) ...
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News
British Land shares a slice of the Irish action
British Land has returned to one of its happier hunting grounds, Dublin, as a shareholder and development partner with all-Ireland developer Dunloe Ewart . In the 1970s British Land developed the Setanta Centre, in the 1980s the St Stephens Green shopping centre and in the early 1990s the ...
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