All Property Week articles in 5 September 2008 – Page 2
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OnlineWestminster puts Chelsea Barracks designs under the microscope
Westminster councillors were split last night over whether to recommend a complete overhaul of the plans for Chelsea Barracks or whether to consider the plans broadly acceptable.
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Online
Summit Germany secures tenant
AIM-listed property company Summit Germany has secured tenants at two of its properties in Rostock, Germany after the original tenant of both properties went into administration.
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Online
JER Partners begins Central and Eastern European investment drive
JER Partners has set up an office to take advantage of opportunities in Central and Eastern Europe and has poached three senior GE Real Estate directors to spearhead the investment drive.
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News
Sharp jump in arrears
Arrears and repossessions among prime mortgage borrowers jumped sharply in the second quarter, according to a report by Moody’s which suggests that home loans are deteriorating even among borrowers with good credit records.
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News
Bank holds rates as housing slide continues
The Bank of England held interest rates at 5% yesterday amid further signs of weakness in the housing and car markets.
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News
House prices continue to dive
House prices are falling at the fastest rate since the Great Depression, with the number of home owners in negative equity trebling in the past month alone.
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Online
Cost-cutting job cuts hit 4% of staff at Cluttons
Cluttons is making 4% of its staff redundant as cuts costs in the economic downturn.
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News
DTZ in gloomy outlook
DTZ Holdings the property adviser, said that the economic consequences of the credit crunch and rising inflation would probably be felt until 2010 at least.
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News
First on buying spree
First Property Group, the AIM-listed property services group that specialises in commercial property fund management, said it was continuing to work on the acquisition of about €60m (£48.6m) of property, which it hoped to report on in the near future.
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News
Leicester shopping centre opens
A £350m shopping centre was officially opened, with its developers bullish about its chances of success amid the economic gloom. Highcross Leicester is being billed as the largest regeneration project the city has seen and includes more than 120 stores, a cinema and restaurants.
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Professional
Sandwich panels
Last week we published a story alleging that buildings containing foam insulation sandwich panels can release substances as dangerous as asbestos when subject to demolition (professional + legal, 29.08.08, p45).
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Markets
Wycombe’s one vision
High Wycombe is deliberating how best to develop three greenfield sites. Nick Duxbury reports
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News
Oakland secures Monkswood
Oakland Securities has bought Monkswood Retail Park in Stevenage from Invista for £10.3m at a yield of 6.5%
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ProfessionalMemorial service for Savills’ Mathews
A memorial service will take place for Alan Mathews, former director of Savills’ investment team, at 11 am on Wednesday 8 October.
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MarketsThe market in minutes
Hardeep Sandher gives you the lowdown on all the sectors across the region
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MarketsA market in the pits?
UK Coal’s property arm is defying a dire housing market by bringing forward two large sites for residential regeneration. Jennifer Rigby reports
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MarketsA long and winding road
Sharnbrook’s narrow roads have delayed Goodman and Unilever’s expansion plans at Colworth Science Park.
