All Property Week articles in 30 March 2007 – Page 6
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Online
Tchenguiz bids for Spanish restaurant chain
Robert Tchenguiz and Kaupthing Bank today made a £98.6m bid for Spanish restaurant chain La Tasca.
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Supercasino plans unravel after Lords defeat
Plans to develop 17 US-style casinos across the UK are in disarray after the House of Lords voted against proposals last night.
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Law firm pulls out of City deal
Law firm Charles Russell has pulled out of negotiations to move its headquarters to UBS Global Asset Management’s 85 Fleet Street in the City of London.
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Casino plans blocked
Plans to develop 17 US-style casinos across the UK are in disarray after the House of Lords voted against proposals last night.
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OnlineBritish Land to sell EBRD headquarters
British Land is carrying out the first-ever building sale at its £3.44bn Broadgate estate in the City of London.
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CapCo and GPE launch £460m joint venture
Liberty International subsidiary Capital & Counties and Great Portland Estates has set up a £460m 50:50 joint venture designed to enhance both companies’ exposure to London’s red-hot office market.
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Inland announces admission to junior stock market
The property ranks of AIM swelled again today after the brownfield site investor, announced its admission to the junior stock market.
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Develica continues investment spree in Germany
Develica Deutschland, the AIM-listed German property company, has continued its logistics property investment spree with the purchase of a 538,200 sq ft (50,000 sq m) property in Harsewinkel for E28.63m (£19.4m).
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News
Five shortlisted for Leeds Bradford airport
Five bidders have been shortlisted to buy Leeds Bradford airport, ahead of a preferred bidder being selected next week. The airport is expected to fetch between £120m and £130m. Financial Times
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News
Bank mergers to bring City prelets
European banking mergers will lead to City firms taking more prelets on new office devevlopments, DTZ has predicted. Vacant new offices account for just 1.6% of the total in London’s financial districts, and overall vacancy rates are close to six-year lows. The Times
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Tchenguiz still has a taste for La Tasca
Robert Tchenguiz is considering a direct approach to shareholders in the La Tasca tapas bar chain after losing out in the auction to a lower bid from private equity group Blackstone. The Times.
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News
Tesco faces US warehouse injunction
Tesco faces costs of at least $39.6m (£20.2m) if an environmental lobby group succeeds in getting an injunction to prevent the building of a warehouse to supply its new US stores. Daily Telegraph.
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Sainsbury’s recovery continues
Sainsbury’s, the supermarket chain being targeted by private equity groups, proved its recovery was on track by reporting a ninth successive quarter of sales growth. Financial Times.
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News
Lords vote against supercasino
Plans for Britain’s Las-Vegas-style ‘supercasino’ in Manchester and 16 smaller casinos looked doubtful last night after the House of Lords voted against them. Financial Times.
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OnlineDe Haan to step down
Arnold De Haan is stepping down as chief executive officer of Multi Corporation.
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OnlineQuinlan completes on Marlow purchase
Quinlan Private has completed the £69m purchase of Marlow International in Buckinghamshire.
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Macquarie Goodman buys Jaguar Coventry plant
Macquarie Goodman has completed the purchase of Jaguar’s Browns Lane manufacturing plant in Coventry
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OnlineCooper threatens legislation over leases
Minister for housing and planning Yvette Cooper said today that the government is willing to impose legislation if upwards only rent reviews continue to be the norm in the property industry.
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OnlineDocklands resi scheme unveiled
Galliard Homes and Oracle Homes today unveiled their mega London Docklands residential scheme.
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Slough completes Reading prelet
Slough Estates has completed one of the biggest prelets in the Thames Valley this year to Harris Systems at Winnersh Triangle in Reading
