All Property Week articles in 5 December 2003 – Page 3
-
News
Indian summer for Shaftesbury in West End
Shaftesbury , the London West End specialist, achieved a solid 3% increase in net asset value in the year to 30 September thanks to the improvement in its markets in early summer. NAV rose from 285p to 293p a share, which was broadly in line with analysts’ expectations. Shaftesbury’s shares ...
-
News
IKEA set for Edmonton
Swedish furniture retailer Ikea is set to open a store in Edmonton, north London, after a seven-year planning battle with the Office of the Deputy Prime Minister. IKEA has secured planning permission for a 301,392 sq ft (28,000 sq m) store at a brownfield site at Glover Drive in ...
-
Markets
Eade on: A tale of two factories
Victorian tanneries and sewing shops near Glastonbury are being stripped of later additions in the hope of a new life of mixed-use
-
News
Stamp Duty showdown
Industry in crisis talks with Inland Revenue to stop taxation of limited partnerships
-
Markets
Double vision
Rugby Estates plans a 100% increase in its Covent Garden holding within five years and is looking for investors to join the party.
-
News
London Wall debut deal
Hammerson and Kajima are set for their first deal at their 1 London Wall development in the City. US law firm Dewey Ballantine has placed 31,000 sq ft (2,880 sq m) under offer at the scheme. Dewey Ballantine is believed to be paying around £40s/sq ft (£430.56/sq m) for ...
-
Professional
The law made simple - A reasonable time is now days, not weeks
Landlords beware. the courts have drastically reduced the amount of time considered reasonable to answer a tenant's request to assign or underlet.Failure to respond within a reasonable time can expose the landlord to a claim for considerable damages if the proposed assignment or underletting falls through. A landlord that fails ...
-
News
Land Securities co-founder dies
Fred Maynard, who laid the foundations for the UK’s biggest property company, Land Securities , has died at the age of 90. He worked at Healey & Baker both before and after World War II, and later co-founded Ravenseft Properties with Louis Freedman. They teamed up with Lord Harold ...
-
News
Inner City: John Waples
It's Good to see Robert Ware and some of his former colleagues at MEPC back in the saddle of a quoted company. Ware, along with Gavin Davidson and Peter Batchelor, are rolling the dice one more time after picking up their share of the £65m bonus they received from ...
-
News
LandSecs takes charge of Gunwharf Quays
Land Securities has taken full control of the Gunwharf Quays development in Portsmouth after buying out partner Berkeley Group for £170m. Berkeley has received £149m of the balance and the remaining £21m will be paid in phases. The final amount payable will depend on the turnover element of the ...
-
News
Dalgleish picked to sell Our Price chain
106 music stores put on market after receiver is called in
-
Markets
Show's over if theatres don't get cash
London's theatres need an injection of £250m if they are to survive, warns a new report. The report, from the Theatres Trust, states that 40 theatres, 33 of which are listed as historic, need investment of £17m a year for 15 years to meet modern standards. Among the problems facing ...
-
Insight
UK cash is going walkies. Could REITs stop the offshore exodus?
Ex-pats living in tax havens like Bermuda or the Bahamas are not subject to UK tax, but billions of pounds of British property is now also held offshore. If Chancellor Gordon Brown allowed a tax-transparent UK version of the Real Estate Investment Trust, however, investors would hold property onshore and ...
-
News
Canary and Chelsfield MBOs ‘unlikely’
The City was this week doubtful that any bid was likely to emerge for either Canary Wharf Group or Chelsfield , after months of protracted talks and setbacks in both cases. Mike Prew, property analyst at Citigroup Smith Barney, said the window that has facilitated an average of one ...
-
News
PFM buys whole of European JV
John Sims’ Property Fund Management is to buy the remaining 50% in its French joint venture GVio for ¤6.7m (£4.7m). The 50/50 joint venture was set up in July 1999 as part of PFM’s strategy to branch out into Europe with local partners. The 50% PFM has bought was sold ...
-
News
Private investors buy Green park
Green Property has sold the majority of its Fonthill business park in Dublin for more than ¤40m (£28m). Private investors have bought three offices occupied by NCT, Field Boxmore and Irish Dunlop for ¤13m (£9m) at a net initial yield of 5.25%. A syndicate of investors has bought three ...
-
News
M&S HQ building too high, say planners
Retailer may have to lose a floor at £300m Paddington base
-
News
L&G City HQ search heralds revamp at Bucklersbury
Insurance firm's move by 2007 will clear the way for redevelopment at EC4 site
