All Property Week articles in 5 December 2003 – Page 4
-
News
Hammerson to fund Brent Cross park
Hammerson and Standard Life have stepped up their investment in retail parks by forward funding Castlemore’s Brent Cross Retail Park in north London in a deal worth £74m. Castlemore, the private developer of the 92,570 sq ft (8,600 sq m) park opposite Hammerson’s Brent Cross shopping centre, has ...
-
News
Hermes boss takes the reins at MEPC
Hermes chief executive Tony Watson was appointed chairman of subsidiary MEPC this week. Watson, a member of Property Week's editorial advisory board, took over on Monday from Hermes chairman Sir Tim Chessells to oversee a £1.1bn portfolio, £900m of which is in business parks. Hermes took control of ...
-
News
Warner shares boosted by NAV rise
Warner Estate Holdings this week reported a 5% increase in net asset value at the half-year stage. By close of trading on Wednesday its shares stood at 451p, a premium to its triple NAV of 439p a share but a discount to its adjusted NAV, excluding the effects of ...
-
Markets
Garden blooming
Shaftesbury is working hard to maintain a vibrant mix of retail in Covent Garden.
-
-
News
Property Week editor scores awards hat-trick
Property Week editor Giles Barrie was honoured three times at last week's International Building Press (IBP) awards at London's Four Seasons Hotel. Barrie won the Business/Financial and Commercial Property Writer categories, as well as the 'best of the best' IBP Journalist of the Year category, which he also won in ...
-
News
Stakes in unit trusts go on sale at auction
Allsop ’s private investment arm, Consortium Investment Management, plans to hold the first auction of stakes in unauthorised unit trusts and limited partnerships. Consortium, instructed by Threadneedle , is set to offer Allied Dunbar’s units in Benchmark and Schroders’ West End of London Property Unit Trust (WELPUT) at Allsop’s commercial ...
-
Insight
Time for Noé to turn his attentions elsewhere
Was it only in March this year that London West End specialist Derwent Valley was trading at 426p – a 50% discount to net asset value?
-
News
Residential: an asset class to be reckoned with
Institutions cannot continue to ignore residential as an asset class, the IPD / IPF Property Investment Conference 2003 in Brighton heard last week. Investment in housing by institutions will increase strongly because the sector offers returns as high as equities with income that matches pension liabilities, said Peter Pereira ...
-
News
RICS council votes to unveil arbitrators list
The governing council of the RICS has voted to make its list of arbitrators public for the first time. The move was welcomed by occupiers, which have long called for the list to be freely available. It contains the names of more than 700 arbitrators, independent experts and adjudicators, ...
-
Professional
Settlement at any cost
Confusion over the award of costs in rent arbitrations and the clarity of decisions were big issues at last month's Arbrix conference.
-
News
Auctions analysis
Cushman & Wakefield Healey & Baker ’s last London auction of 2003 raised £31m with an 81% success rate, taking its total for the year up to £256m. A 750 sq ft (70 sq m) bank in Chichester, West Sussex, let to Nationwide at £95,000 a year, sold to a ...
-
News
Investors’ property love affair continues
Property Week/Primepitch survey shows private buyers on the increase
-
News
Access sells a quarter of its storage sites
Access Self Storage has completed the rationalisation of its portfolio, selling a quarter of its stores in three separate deals. The Security Capital European Realty-owned company has sold 12 sites to a private investor, two for redevelopment and one to another self-storage provider. Access chairman Richard Moore would not reveal ...
-
News
Countryside and Nikal agree £50m Cheshire joint venture
Nikal Investments, the new development company set up by Manchester entrepreneur Nick Payne, has entered into a joint venture with Countryside Residential to develop a £50m mixed-use scheme in Lymm, Cheshire. The joint venture has paid Linden Homes £20m for the 10 acre (4 ha) Hubert Jones Tankworks site ...
-
News
City Lofts plans £50m AIM flotation
City Lofts, the Harrogate-based urban mixed-use developer, plans to raise £13.5m through an Alternative Investment Market flotation, valuing the group at £50m. It has completed nine schemes valued at £117m in its first five years and is developing another seven sites, which should produce £180m of sales across the UK. ...
-
News
Isis sells ¤47.6m Dublin retail
Isis Property has sold the freehold of a prime retail block in Dublin for ¤47.6m (£33m) to Choristor, part of the Arnotts property group. The deal, on 18-21 Henry Street, reflects a net initial yield of 2.57%. Boots , HMV, Clinton Cards and fashion house Extrovert occupy the 25,069 sq ...
-
News
British Land’s £450m Debenhams swoop
Sources say talks are in final stages for sale-and-leaseback of 16 stores
-
News
Gordon to head £4bn life fund portfolio
Helen Gordon, the former managing director of Railtrack Property Developments, is to make her comeback as the head of Legal & General 's £4bn life fund property portfolio. From 15 December, Gordon will take control of a portfolio that includes huge developments across the country. Among them are the ...
