All Property Week articles in 31 October 2008 – Page 2
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Online
UBS freezes two German open ended funds
UBS has suspended two of its German open ended funds for six months, becoming the sixth fund manager in a week to freeze investor redemptions.
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OnlineLe Méridien hotel on Piccadilly up for sale
Starwood Capital and Lehman Brothers are selling the £90m Le Méridien hotel in Piccadilly in London.
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Online
Leicester eco town wins support
City council leaders in Leicester have agreed to support eco-town proposals, subject to a number of conditions.
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OnlineBallymore opens five-star hotel in Prague
Irish property company Ballymore has opened its 5 star Kempinski Hybernska in central Prague.
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Online
Property sales to increase in next six months says CBI and GVA Grimley
Most companies are feeling the effect of the credit crunch and planning to reduce their property holdings, according to the Confederation of British Industry and Grimley Coporate Real Estate.
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News
House prices show twelfth consecutive fall
House prices fell by 1.4% in October, according to the latest Nationwide house price index – the 12th consecutive monthly decline – wiping out average gains in housing value since February 2006.
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News
Crunch talks over City site
Development of one of the largest office schemes in the City of London remains in the balance as the much delayed completion of a deal to sell the site is to be extended further into a second year.
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News
Shoppers flock to Westfield
London shoppers flocked to the opening of Europe’s largest inner-city shopping centre yesterday as retailers’ fears of impending recession were banished for one day at least.
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News
HBOS had 'little regard for risk'
HBOS, the mortgage giant rescued by Lloyds TSB after almost collapsing earlier this year, was chasing sales too aggressively and with little regard for risk as early as 2002, according to a former senior director.
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News
Carpathian receives offers
Carpathian, the property investment group, has received indications of interest from third parties about buying it or some of its assets after its strategic review.
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Online
Hermes and Prupim’s Centre:MK recommended for listing
English Heritage has recommended that Hermes and Prupim’s Centre:MK be Grade II* listed in an unprecedented move which would see 1km of Milton Keynes’s town centre protected from demolition.
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OnlineUkrainians under offer to buy Debenhams on Oxford Street
A Ukrainian investor is under offer to buy the British Land-owned Debenhams block in London’s West End for £150m.
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MarketsTrident tested
Three lettings at the Trident Park scheme in south Wales are kindling embers of hope in a dull market
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NewsShaftesbury switches off
Shaftesbury, the owner of the Carnaby Street estate just off London’s Regent Street, is dreaming of a green Christmas.
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Online
Quadrant teams up to tackle Portsmouth
Quadrant Estates has teamed up with Amazon Investments to buy and redevelop the 22 acre former Vosper Thorneycroft shipbuilding site in Portsmouth.
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News
Sainsbury’s Park Royal trial store
Sainsbury’s has taken a 25,000 sq ft warehouse in Park Royal, west London, as a concept store to trial trading formats and layouts.
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Online
Occupiers slash portfolios
A quarter of corporate occupiers plan to cut their property portfolios over the next six months.
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