All Property Week articles in 4 June 1999 – Page 2
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News
Henderson looks to the east
Henderson Investors has launched its second unit trust in Singapore to invest in listed property companies in continental Europe and the UK. The open-ended trust is a feeder fund for its S$44m (£16m) Henderson Horizon European Property Securities Fund, which is listed in Luxembourg. The fund manager plans to ...
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News
Welsh duo loses race row with Royal & Sun
A chain of surveyors was cleared last week of offences under the Race Relations Act for paying its Welsh surveyors less than those who worked elsewhere in the UK. Royal & SunAlliance was brought to a race relations tribunal by residential chartered surveyors Hew Gwyther and Maurice Chinnick. The two ...
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Markets
Offices: Dublin
The Dublin office market broke several records in 1998 and indications to date suggest that 1999 will be another year of phenomenal demand. The buoyancy of the economy in recent years has both encouraged an increasing number of multinational firms to enter the market and facilitated the growth of many ...
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News
Hilton move sparks fear that external property management will disappear
Hilton , the hotelier, is planning to bypass agents to handle the disposal of 13 of its UK hotels itself, fuelling fears among agents that the company will take all of its property management in-house. One agent described the decision to handle the disposals of non-core portfolio stock ...
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Professional
Green transport plans for new development
Transport NPPG17 highlights the government's intention to encourage means of transport other than the private car in Scotland Developers need to consider the transport consequences of their proposals and opt for sites with adequate public transport links
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Insight
Defying deflation
It sounds like consumer heaven. The cost of an Apple iMac has fallen by 20% in less than two months, while video recorders are now little more than half the price they cost in 1987. Beans retail for 7p a can and a white sliced loaf can cost as little ...
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News
Pillar could dig even deeper
Investors will be digging out property company circulars and accounts for clues to see whether Pillar will continue to hand out shedloads of cash over the next year. They won t need to look far. Insiders feel the retail park specialist will cough up an even bigger dividend in ...
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News
Leeds decides on developer
Leeds City Council has picked a developer for one of its key city centre development sites. Town Centre Securities has fought off competition from rivals including Miller Developments , Swan Hill, Trinity and Morrison Developments to create a mixed-use scheme in Union Street. The 0.8ha (2 acre) site, ...
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News
RICS plan sounds death knell for GP tag
The RICS will today release details of a radical overhaul, which will see its general practice division split into commercial and residential, and the creation of a brand new business consultancy faculty. In its consultation paper Thinking Globally, Acting Locally, the RICS will outline plans to scrap the ...
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News
More jewels in the Crown
Crown Dilmun, the Bahrain International Bank-funded property developer and investor, has paid around £17m for the 96 apartments at Roland House, 121 Old Brompton Road, London SW7. Roland House was bought from private hotel company Cola Holdings, which was advised by FPDSavills. There were other bidders, and I ...
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Markets
MCI to lease unit from Slough at Cosham
Slough Estates has let Unit 3, the Bilton Centre, Cosham, to MCI WorldCom for a telecommunications centre. MCI is paying £77,250 a year for the 811 sq m (8,734 sq ft) office for 25 years, with a break clause after 20 years. Slough was advised by Vail Williams ...
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Markets
Developer comment
Crest Nicholson has 55,740 sq m (600,000 sq ft) of office space either completed or under construction in the M3 corridor and believes that the region s investment potential is now being recognised. This is the result of two key factors. Rental levels in the M3 are 25%-30% lower ...
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News
JP Morgan ends City stand-off
JP Morgan is close to ending its long-running central London stand-off with law firm Baker & McKenzie. The US investment bank is in discussions over the surrender of its occupational lease at British Land s 100 New Bridge Street in the City. Negotiations with British Land are expected to ...
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News
Fight for City fringe heats up
Continued merger activity and expansion among the banks has strengthened demand for secondary office space on the City fringes. Last Friday s merger between the money brokers Prebon Yamane and Marshalls has triggered the 3,900 sq m (42,000 sq ft) surrender by Marshalls of the outstanding three years of its ...
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News
WG&S prepares for next century
Staff in Weatherall Green & Smith's Leeds and Manchester offices will win a greater stake in the firm following the incorporation of the offices to create a limited company. The move has increased speculation that the entire surveying firm will become incorporated, although senior managers have yet to ...
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News
Wright buys up London homes
Former Mountleigh director Nigel Wright has re-emerged in the residential investment market, where he has joined forces with Warwick-based IM Properties to buy more than 1,200 homes in the city with the backing of Bankers Trust. Another veteran, Richard Smith, is also expanding into the flood of rented homes ...
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News
CSFB runs with the bulls
Net asset values will rise and property yields fall over the next 18 months, even though rental growth will slow by the end of the year, according to broker Credit Suisse First Boston. Its property team, Alan Carter and Mike Prew, is making a habit of turning ...
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Markets
Blackwater Valley
The Blackwater Valley, comprising the towns of Farnborough, Fleet, Farnham, Aldershot and Camberley, is a successful and vibrant commercial region. The area benefits from excellent communications and scope for ongoing development, but the availability of a varied workforce, most importantly including access to highly skilled technical staff, is the major ...
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Markets
MFI takes space at Blackwater Valley
MFI is set to open a 6,130 sq m (66,000 sq ft) regional distribution centre in Aldershot, funded by the BBC Pension Fund. The company is the second occupier for the 5.26ha (13 acre) Blackwater Valley Industrial Park, a joint venture project by local developer Wilky Holdings and Kennet Properties, ...
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