All Property Week articles in 6 July 2007 – Page 9
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Markets
As RREEF takes €1.35bn stake
RREEF Infrastructure has bought a 50% stake in German motorway service station operator Tank & Rast from Terra Firma.
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NewsQuinlan and Maud bank £1bn on Citigroup tower
Irish investor and PropInvest follow HSBC disappointment with another £1bn Canary Wharf deal
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Online
Record European investment levels
Real estate investment across Europe reached record levels at E116b (E78bn) for the first half of this year, according to the latest provisional research published today by Jones Lang LaSalle.
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Online
Interest rates rise again
The Bank of England today raised UK interest rates for the fifth time since last August, from 5.5% to 5.75%.
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Online
Paris tower sells for €486m (£328m)
French company Fonciere des Regions has bought the “Gan Tower” in La Defense, Paris for €486m (£328m) from insurer Groupama.
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Online
Italian REITs get go ahead
The Italian stock market regulator has approved changes to the exchange that allows Italian REITs to be traded.
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Online
More lettings for Midsummer Place
Puma and Apple are the latest retailers to take space at Legal & General’s Midsummer Place in Milton Keynes.
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Online
Hercules submits redevelopment plans for Fort Kinnaird
Detailed plans have been submitted for the redevelopment of the 550,000 sq ft Fort Kinnaird retail park near Edinburgh.
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Online
Brixton sells Worcester site
The industrial developer has sold the freehold of a 10-acre industrial site in Worcester to Bristol-based property developer Ashfield Land for £7.5m.
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Online
LandSecs to allow Piccadilly ads
Land Securities is to allow brands to advertise on a short term basis at its famous Piccadilly Lights site in London for the first time in almost 100 years.
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News
Indonesia tightens up on foreign ownership
Indonesia announced yesterday a 49% cap on new foreign ownership in key sectors, including property, transport and telecoms. Financial Times
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News
New York construction boom
New York is undergoing one of the greatest eras of development in its history as a series of dramatic skyscrapers, including the new World Trade Center, is set to transform the city. Financial Times
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News
Savills: rate rises hitting secondary property
Prices for 'secondary' commercial property across Europe are falling amid rising interest rates, Aubrey Adams, chief executive of Savills, said yesterday in a trading statement. Financial Times
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News
FSA savages sub-prime lenders
Five mortgage intermediaries face punishment after the Financial Services Authority uncovered widespread problems in the way home loans were sold to people with poor credit histories. The Times. The Independent. The Guardian. Financial Times
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News
McCarthy could claim 'substantial' damages
John McCarthy, former chairman of the McCarthy & Stone retirement home developer, could mount a 'substantial' damages claim against the company. The Times
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News
Hotels star following Hilton sale
Blackstone’s agreed $26bn (£13bn) purchase of Hilton Hotels Corporation at a 32% premium to its share price yesterday turned the spotlight on the hotels sector as analysts speculated on the prospect for further takeover activity. The Times. The Independent. The Guardian. Financial Times
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News
Tesco's online estate agency partner pulls out
A key partner in Tesco's new online home-selling site has withdrawn just days after launch. The Independent
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News
Tchenguizes sell Shell-Mex House for £490m
London's Shell-Mex House has been sold to American private equity firm Westbrook for £490m. The Times
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News
Buyers line up for 25 Morrisons sites
Supermarket group Morrisons has received several approaches for a £1bn portfolio of 25 sites. Daily Telegraph
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News
Indian tower 'should be orphanage'
A plan by Mukesh Ambani to build what could be the world’s most lavish private home on the site of a Mumbai orphanage has run into trouble. Financial Times
