All Property Week articles in 30 July 1999
View all stories from this issue.
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News
Unsure of Shell
Mystery surrounded the acquisition of Shell -Mex House in London s Strand this week as an unknown party entered the bidding contest and trumped all offers. The central London property market was baffled as to the identity of the bid, but speculation has mounted that the unconditional offer is ...
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News
US REITs on the rebound
US REIT stocks in the second quarter of 1999 have turned in their best performance for almost two years. The National Association of Real Estate Investment Trusts (NAREIT) stated that total returns from equity REITs jumped 10% in the second quarter, compared with a 4.75% fall in ...
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News
St Modwen profits swell
Development surpluses were key to St Modwen s half-year results, helping to virtually double pre-tax profits to £12.9m. Chairman Stan Clarke said most of the year s planned development profits had been achieved in the first half. The company made gross development profits of £9.4m from £30m of sales. ...
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News
MEPC targets the Midlands
MEPC increased its exposure to the West Midlands industrial market this week after buying the M40 Distribution Park at Wellesbourne. The acquisition brings MEPC s business space portfolio to more than £1bn and forms part of a general policy shift towards buying larger lot sizes. The deal was ...
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Markets
Niche market
Newark Allied London Properties is to invest £3.5m on expanding and upgrading St Mark s Place in Newark. Work on the 11,610 sq m (125,000 sq ft) scheme, due to start next summer, will take nine months to complete. Neil Carron, development manager for Allied, said six units of ...
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Markets
Taking the long-term view in Nottingham
Nottingham Regeneration Limited is the recently formed public/private partnership set up to tackle the rejuvenation of some of the long-term vacant sites and derelict and empty buildings in the city. Much of its philosophy is based on the lessons which its partner organisations learned over the past 10 years ...
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Professional
Nine-tenths of the law
Legal Squatter Timothy Ellis stunned the nation when the High Court awarded him ownership of a £200,000 house. We consider the implications of the contentious ruling
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News
Rent reductions loom over London landlords
A shortage of tenants and a glut of landlords means investors in London residential property are unlikely to see a steady income in the short term. A deluge of reports published last week will bring little comfort to landlords who have used cheap money from buy-to-let mortgages to get ...
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Markets
Industrial
The natural advantages that the East Midlands has, due to its location, has created a healthy level of demand throughout the region. This is now creating a shortage of available modern and speculatively-developed units. The availability of such accommodation and/or sites can have a great bearing on those organisations ...
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News
Scottish Provident hunts for high yields
After selling £60m of office investments in the last four months, Scottish Provident is looking to reinvest the funds in high- yielding assets in small lot sizes. This week, the Scottish-based fund manager concluded the £2.5m sale of 141 Moorgate in the City and immediately reinvested £12.5m with the ...
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Markets
Offices - Lambert Smith Hampton
Northampton Ben Coleman The last year has seen a steady increase in the take-up of quality accommodation and we are now beginning to experience a shortage of space, particularly for smaller-sized office suites. Take-up in 1998 was approximately 13,010 sq m (140,000 sq ft), a level ...
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Professional
Gamekeeper turned poacher
Property management Colin Sheppard spent 30 years working for property companies before switching sides to run a property management team at a top London agency. He gives his view of the relative pros and cons of outsourcing
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News
Mobbs is on his way to Wembley as head of regeneration force
Sir Nigel Mobbs, former chairman of Slough Estates , was today appointed to head the Wembley Task Force responsible for the revitalisation of the area around the stadium. Deputy PM John Prescott will announce that Sir Nigel will be joined by senior executives from the London borough of Brent, the ...
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Professional
Fair play at work
The Labour government's Fairness at Work legislation could prove a considerable burden to small surveying practices.
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News
Retailers to expand as Gas leaves high street
At least one retailer may add 50 shops to its chain by taking more than a fifth of the Energy Centres that Centrica put on the market last week. Centrica, which lost £33m last year when the former British Gas showrooms failed to trade well, called in Chesterton ...
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News
Euro shares show promise
European property shares outperformed the Morgan Stanley Dean Witter index of all European shares by 1.6% in June and 19.9% in the year to date. Morgan Stanley property analyst Floris van Dijkum said that price appreciation of 3.5% in June meant the overall European property sector was up 16.7% ...
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Professional
When statute meets equity
Legal This report examines the first case that tests whether section 2 of the Law of Property Act 1989 negates an oral conveyancing agreement that would otherwise be valid under the doctrine of proprietary estoppel
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News
Threadneedle enters secondary property market
Fund manager Threadneedle has taken its first steps into the secondary property market with the acquisition of a mixed office and retail portfolio from REIT Asset Management . It has paid £9.15m for seven properties, including sites in Ascot, Bolton , Cambridge, Twickenham, and Worcester Park. The deal represents a ...
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Insight
Eastern promise
Once upon a time, senior executives complained that they had to fly 10 hours or more to find a region combining rapid growth, huge investment potential and Western-style political and economic reforms. Today, such a market is right on Europe s doorstep. Central and Eastern Europe now provide ...
