All Property Week articles in 30 May 2008 – Page 9
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Professional
GVA Grimley promotes 13
GVA Grimley has promoted nine directors to executive director and four associates to director.
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News
Local Shopping REIT NAV drops 11.5%
Local Shopping REIT’s net asset value fell 11.5% in the six months to 31 March.
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News
Hill climbs at 1 London Bridge
New York-listed project management and construction claims consultant Hill International has taken another floor from PricewaterhouseCoopers at 1 London Bridge.
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News
Macklowe’s $1.5bn NYC GM crop
US entrepreneur Mort Zuckerman’s Boston Properties has agreed the $3.95bn (£2bn) purchase of four offices in Manhattan, New York, including the 2m sq ft General Motors building near Central Park, from Harry Macklowe.
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News
Euro Q1 investment plummets
European property investment volumes fell by 37% in the first quarter of 2008, compared with the same period last year, Cushman & Wakefield reported this week.
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OnlineReading's £400m Station Hill derailed
John Madejski's plans for the £400m Station Hill development next to Reading Station have been called in.
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Online
Emerging markets hit by credit crunch, RICS reports
Emerging markets have been hit more severely by the credit crunch than previously thought as investors lose their appetite for risk, the RICS has found.
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OnlineSilverstone redevelopment on starting grid
The British Racing Drivers’ Club has got the green light at Silverstone for the first phase of redevelopment at the UK’s top motor racing track.
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Online
Prupim secures M4 corridor's largest deal this year
Petroleum Geo-Services has signed up for 73,000 sq ft at Prupim's The Heights in Weybridge in this year's largest deal in the M4 Corridor.
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Online
Curzon/AEW raise €800m for Europe
Curzon Global Partners and AEW Europe have completed their largest ever equity raise.
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Online
GE and BNP Paribas invest in €1bn Euro hotel fund
GE Real Estate and French bank BNP Paribas are to be core investors in a €1bn (£788m) European hotel fund.
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Online
Analysts positive over Cap & Reg Mall equity raising
Analysts have responded positively to reports today suggesting that Capital & Regional will undertake a deeply discounted rights issue to raise equity for its £2.9bn Mall fund.
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Online
PIK extends reach to Kazakhstan
Russia’s biggest housebuilder is to enter its second international market this year.
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Online
BPF publishes regeneration funding guide
Millions of pounds of government money set aside for regeneration is going unused, the British Property Federation said this week.
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Online
New chairman for Barratt Developments at 'challenging time'
Barratt Developments has appointed Bob Lawson as its new non executive chairman.
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Online
Dawnay buys business parks in Germany
Dawnay, Day Sirius has bought eight business parks in Germany for more than €120m (£95m).
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OnlineGrosvenor's £1bn Liverpool One centre opens today - see photos
Grosvenor's £1bn Liverpool One shopping centre opened today.
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News
Lenders raise cost of fixed-rate mortgages
Two of the country’s biggest lenders yesterday pushed up the cost of their fixed-rate mortgages – sparking fears that continued market uncertainty will force other lenders to start pulling mortgage deals once again.
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News
C&R fund to raise £300m in discounted issue
A £2.9bn shopping centre investment fund managed by Capital & Regional is to raise £300m through a deeply discounted rights issue to prevent a breach of a key debt covenant.
