All Property Week articles in 7 May 2010
View all stories from this issue.
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Investor demand remains strong says Aviva Investors
Investor demand for UK real estate assets remained strong during the first quarter and values rose for the third consecutive quarter, according to Aviva Investors.
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City agent Alastair Hilton to leave Cushman & Wakefield
Cushman & Wakefield’s Alastair Hilton is leaving to join midtown specialist property services firm Farebrother.
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Four tenants take former Cadbury space in London
Cadbury has let 22,714 sq ft of its former headquarters at 25 Berkeley Square in central London to four separate tenants.
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Hedge fund signs at London's 23 Savile Row
US hedge fund Eton Park Capital Management has signed up for 16,500 sq ft at D2 Private’s 23 Savile Row in London’s West End, in the biggest deal in the building so far.
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Brett Palos completes £400m London residential investment deal
Entrepreneur Brett Palos has paid Lloyds Banking Group and Residential Land Holdings about £400m for 21 apartment blocks across central London in one of the biggest residential investment deals for years.
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Buy-to-let lending falls 15% following stamp duty holiday ending
The end of the stamp duty holiday in December 2009 meant that loans to buy-to-let investors were down 15% in the first three months of 2010, figures from the Council of Mortgage Lenders have shown.
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Mirvac Group completes A$350m placement
Australian property company Mirvac Group has successfully completed it’s A$350m institutional placement, Reuters reported today.
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Greek government considers REIT
The Greek government has appointed investment bank Lazard to advise on its public finances, including the sale of a large number of state owned assets.
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Shanghai set for 1.5% property tax
Shanghai’s municipal government may levy an annual tax of about 1.5% of the value of properties, the Hunan province-based Xiaoxiang Morning Herald newspaper has reported, citing a developer who declined to be identified.
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Japan Retail Fund to sell early to clear debt
Japan Retail Fund Investment Corp., the country’s largest commercial property fund, said it may sell 32.3bn yen ($346m) of buildings earlier than it had expected as Japan’s real estate market shows signs of recovery.
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US home foreclosures new peak
US home repossessions set a record in April while foreclosure filings dropped for the first time in four years, a sign lenders may be delaying new default actions as they seize properties, RealtyTrac said.
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Singapore developer sells bonds to fund China spree
Ho Bee Investment, a Singapore- based property developer, plans to finance its expansion into Chinese real estate by selling bonds for the first time.
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Qatari Diar considers global government-backed bonds sale
Qatari Diar Real Estate may be considering raising $1.5bn through the sale of government-backed global bonds, ArabianBusiness.com reported yesterday.
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OnlineDubai World's development arm to repay $980m bond
Dubai World’s $24.8bn restructuring plan is expected to hit a major milestone today with the repayment of its property development subsidiary Nakheel’s $980m Islamic bond, Arabian business reported today.
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Buyout firms compete for US commercial real estate loans firm
Buyout firms Apollo Global Management LP and Centerbridge Capital Partners are competing to takeover CW Financial Services, the parent of the second largest manager of delinquent US commercial real estate loans, Bloomberg said today.
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U.K. consumer confidence fails to recover from drop on budget-cut concerns
U.K. consumer confidence failed to recover in April from the biggest drop in almost two years the previous month on uncertainty about the election and proposed government spending cuts.
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Swire undecided on whether to proceed with scrapped property IPO
Swire Pacific, which last week shelved an initial public offering for its property unit, has not decided whether it will proceed with the sale, Bloomberg reported today.
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Bank of England to gain new oversight powers as coalition deal saves FSA
The Bank of England will have overall responsibility for financial regulation and gain powers to oversee risk monitoring under a coalition agreement that falls short of Conservative plans to scrap the U.K. banking regulator.
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London financial vacancies fell by 12% last month, survey shows
Job vacancies at London financial- services companies fell 12% in April on concern about the outcome of Britain’s general election and European budget deficit cuts.
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Ho Bee to fund Chinese expansion through bond-selling
Singapore based property developer Ho Bee Investment is to sell bonds for the first time to finance its expansion into Chinese real estate, Bloomberg reported today.
