All Property Week articles in 6 July 2007 – Page 10
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Kier hot favourite for Helios
Kier is set to win the battle to buy a majority stake in Trevor Cartner (left) and Mike Hughes' UK logistics developer Helios Properties.
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AIM-listed German investor goes on €116m spree
Puma Brandenburg has bought a mixed property portfolio for E116m (£78m).
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JLL achieves lowest auction sales rate since December 2003
Jones Lang LaSalle suffered mixed fortunes in the auction room on Tuesday, as uncertainty over rates and the strength of the market spread through both vendors and buyers.
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Pan-Nordic buys up €108m Finland portfolio
Aberdeen Property Investors Pan-Nordic has purchased a E108m (£73m) portfolio in Finland.
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DTZ confirms talks with Donaldsons
DTZ has confirmed it is in talks with Donaldsons regarding a potential purchase of the business but said the could be ‘no certainty as to whether any transaction will be completed’.
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Property Alliance Group secures prelets
The Manchester-based developer has secured two pre lets at its 135,000 sq ft scheme at Abbotsfield Industrial Estate in St. Helens.
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CBI minister targets tax, RDAs and Crossrail
Sir Digby Jones, the new trade and investment minister, is set to clash with Cabinet colleagues over his call to make corporate taxation more competitive and force through infrastructure plans. Daily Telegraph
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Quality hotels to get Real in Europe
CHE Hotel Group, which operates the Sleep Inn and Quality brands, is to change its name to the Real Hotel Company following the ending of its unprofitable European master franchise deal with Choice Hotels International. The Times
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Puma Brandenburg's German tax warning
Puma Brandenburg, the German residential investor, increased its net asset value per share by 10% in its first year’s trading. The Times
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Kesa sparks £540m French auction
Shares in Kesa, which owns electrical retailer Comet, rose 7.2% yesterday on hopes of a £540m auction of its French electricals and furniture chain BUT. The Times
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Top Ten to sell bottom four
Top Ten Holdings, the bingo club operator, is selling four of its poorer venues to mitigate the impact on the business of the smoking bans in England and Wales. Financial Times. The Times
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Dawnay Day Sirius's €26.15m German pair
Dawnay Day Sirius has bought two German business parks in Mannheim and Bremen for €26.15m (£17.6m). The Times
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Greene King seeks 'prop-co' partner for 872 pubs
Greene King, which owns and operates more than 2,000 pubs around the UK, is planning to unlock the value of its property portfolio in a joint venture with a real estate company. The Times. Daily Telegraph. Financial Times. The Independent
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Queenco bets on central Euro growth
Greek casino operator Queenco Leisure has raised €111m (£76m) through an initial public offering on the London Stock Exchange. Financial Times
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Blackstone tables $26bn bid for Hilton
Hilton Hotels Corporation has received a $26bn (£12.9bn) takeover approach from Blackstone. The Times. Financial Times. The Independent
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Baccarat launches as luxury hotel brand
Baccarat, the French crystal brand, is to follow luxury producers such as Versace and Bulgari by launching a hotel brand. The Times
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First letting at Royal Docks
Newham Council today decided it would move 2,000 of its back-office staff to the Royal Docks.
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Segro sells £103m industrial portfolio
Segro has sold an industrial portfolio for £103m to Legal & General.
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Derby gets a new footbridge
Plans were today unveiled for a new footbridge over the River Derwent in Derby city centre.
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Lend Lease commits to £500m Stockport scheme
Lend Lease has signed an agreement with Stockport Council to develop a £500m retail-led, mixed-use scheme in the town centre