All Property Week articles in 30 July 1999 – Page 3
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News
Ritblat attacks Footsie inflation
John Ritblat has hit back at claims that British Land s £1.17bn purchase of Sheffield s Meadowhall shopping centre is designed to propel the company back into the FTSE-100. In an interview with Property Week, Ritblat said: It s irrelevant to our business to join something that ...
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News
Wilkinson gears up for Southern assault
Wilkinson, the variety retailer, will open a second giant distribution centre in Wales to service an aggressive UK expansion programme. The Worksop-based company has signed up to take 69,680 sq m (750,000 sq ft) in Newport after discounting a rival option in Hertfordshire believed to ...
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Green dazzles market again with top NAV rise
Stephen Vernon popped off for his summer holiday on Wednesday a happy man. Green Property , the company he runs, unveiled a stunning 22% increase in net asset value for the first half of the year more than most companies manage to achieve in a ...
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News
Arrowcroft returns fire after Kaufman claims
The developer behind a troubled scheme on greenbelt land in Manchester has hit back at allegations of lies, deception, double-dealing and blackmail made within the protection of Parliament. At a House of Commons session last week, MP Gerald Kaufman said that Arrowcroft, which owns the Denton site, attempted ...
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News
Europe to be Standard’s life
Standard Life Investments has given a huge vote of confidence to the European development market by increasing the allocation in its main £4bn fund from 10% to 15%. The company looks set to sacrifice more than £250m of UK investments in a bid to help finance speculative office ...
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News
Turning over a new leaf: Waterstone’s to relocate to Piccadilly
HMV Media s plan to open a giant Waterstone s bookshop at the former Simpson store in Piccadilly, London W1, has prompted it to surrender the lease at its nearby Dillons store. Fashion retailer Oasis has snapped up the assignment of Dillons existing lease at 213 Piccadilly for a premium ...
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BBG buys First Valuers to become UK’s third-largest residential surveyor
A familiar name on mortgage lenders valuation panels was removed last week when BBG Surveyors bought the 14 offices of First Valuers & Surveyors for an undisclosed sum. The acquisition gives BBG, which is part of the Bradford & Bingley Building Society, more than 200 residential surveyors trading ...
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PFI ‘bank’ could be shunned
Government officials are privately concerned that Partnerships UK, the proposed PFI bank , could be shunned by public sector bodies. The Treasury announced last week that the bank would be launched next spring to provide development capital to trigger up to £3bn of PFI deals a year. ...
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News
Brixton targets £300m industrial spree
Brixton Estates property director Tim Wheeler has a nice £300m pot of money to spend in the south-east industrial sector. Reporting flat pre-tax profits for the first half of the year, Brixton said a high level of sales, together with the proceeds of a £100m euro/sterling bond ...
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News
MP claims RTPI is in the dark on PPG3
A Labour MP launched a blistering attack on the Royal Town Planning Institute at a meeting with Lord Rogers Urban Task Force last week. Graham Stringer, a member of the Commons environment select committee, criticised the RTPI for providing contradictory and confusing evidence as part of its presentation ...
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News
Birkby and Mentmore agree to £226m tie-up
Space management firms Birkby and Mentmore Abbey have reached agreement on a merger that will create a group with a market capitalisation of £226m. The merged group, to be called Mentmore Abbey, aims to take advantage of the facts that the UK and European space management markets are less ...
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News
London housing promises 20% return
The booming housing market in central London is expected to see investors reap returns of 20% this year, according to FPDSavills latest forecasts. The firm s index of total returns has already risen from 8% to 12.1% over the first six months of the year, driven by strong capital ...
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News
Barclays Property offers £150m PICs issue
Barclays Property Investment has launched a £150m issue of Property Index Certificates (PICs). Iain Reid, chief executive of BPI, said a broad range of investors bought the PICs bonds which pay a quarterly income return and a capital return on redemption, according to the performance of ...
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