All Property Week articles in 6 July 2007
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Raven Russia to develop 1.2m sq ft Moscow logistics park
AIM-listed Raven Russia is to develop a £56m, 1.2m sq ft logistics and distribution park in Moscow.
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Prupim and LaSalle launch new Asia Pacific fund
Prupim and LaSalle Investment Management have teamed up to launch a new multi-billion pound Asia Pacific property fund.
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ReBlackpool submits application for seafront development
ReBlackpool has today submitted a planning application for its urban park along the seafront in the town.
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Kwik save goes into administration
Supermarket chain Kwik Save went into administration on Friday, with the loss of 1,100 jobs and the closure of 90 Stores.
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Debenhams may shut up German shops
Debenhams is expected to close its fledgling German operation after its fashions failed to strike a chord with the locals. The Observer
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Birmingham councils’ nod to Canadian airport bid
A group of Birmingham councils has waived its right to block the sale of a 48.25% stake in Birmingham International airport to a Canadian pension fund, clearing the way for the completion of the £420m. Daily Telegraph
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Canadian Caisse in control at Heathrow
A Canadian pensions manager is leading the race to buy a half-share in a swathe of Heathrow warehouses and offices for about £600m from BAA, the airports operator. The Times.
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Starwood and Accor check in at Dubai World Trade Centre
Starwood Hotels & Resorts and Accor Hotels are in talks with authorities in Dubai about a £2bn hotels and offices complex for the new Dubai World Trade Centre quarter. The Times
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Tchenguiz poised for £5bn Mitchells & Butlers ‘prop-co’
Robert Tchenguiz is poised to sign a deal with pub operator Mitchells & Butlers to spin off most of its property assets into a £5bn joint venture. The Observer
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Five-year German stagnation persists
International investors in German property seem to have woken up to the fact that they have been playing pass the parcel with empty boxes. Despite huge interest in the office and retail markets in cities such as Munich, Hamburg and Frankfurt, the underlying property market remains stubbornly sluggish. Sunday Telegraph ...
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Little Chef name must stay, says seller
R CAPITAL is prepared to walk away from the £25m sale of Little Chef, the roadside restaurant chain, if the prospective buyer, Italy’s Benetton family, does not agree to retain the brand name and its ‘Fat Charlie’ logo. Sunday Telegraph. The Observer
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More high street pain predicted
The number of retail chains going bust will increase by a quarter next year, a report by BDO Stoy Hayward has predicted. Sunday Telegraph
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Portsmouth fort to be sold after Lexi crash
A 19-century Portsmouth fort is to be sold by administrators at KPMG after the collapse of Lexi Holdings and conviction of its former head, Shaid Luqman. Sunday Times
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Pendragon in £400m AAIM sale and leaseback
Pendragon, Britain’s biggest car dealer has agreed a £400m sale and leaseback with AAIM, the celebrity property fund backed by Manchester United manager Sir Alex Ferguson. Sunday Times
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London Luton plans grounded
Plans to triple the size of London Luton airport by 2030 as part of a £1.5bn development scheme have been scrapped
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OnlineBritish Land announces £250m share buy-back
British Land chief executive Stephen Hester has moved to snap up the company’s shares in what he describes as a market that has too ‘gloomy’ an assessment of the company’s prospects
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Carlyle collects Copenhagen office trophy
Carlyle Group has completed the purchase of the TDC headquarters in Copenhagen, Denmark, bringing the private equity group’s total investment in the Nordic region to €885m (£598m)
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DLF makes strong start in Mumbai
Indian real estate company DLF made a strong trading debut in Mumbai yesterday, highlighting investors’ eagerness to buy exposure to what is still an underrepresented sector on the country’s bourses. Financial Times
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Plantation Place back on the block
Plantation Place, one of the biggest office blocks in the City of London, is back on the market, for about £600m. Financial Times
