All Property Week articles in 7 November 2008 – Page 3
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NB Real Estate consultancy head to leave
NB Real Estate’s head of consultancy Tim Asson is leaving the company at the end of the year.
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Oakdene Group secures RBS £30m funding for West End hotel revamp
Oakdene Group has secured a £30m funding package with Royal Bank of Scotland to buy and redevelop the Montcalm Hotel in London’s West End.
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Hammerson will start no new schemes until 2010
Hammerson today said it would not start any major development for more than a year.
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Qataris to buy Christian Candy out of Chelsea Barracks
Qatari Diar is to buy out Christian Candy’s CPC Group’s equity stake in Chelsea Barracks.
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One in five shops could be closed by recession
Britain's high streets could be ghost towns when the recession ends, if, as some expect, the consumer slowdown triggers a sharp rise in stores closing. According to a survey by PricewaterhouseCoopers, one in five shops could be empty by the time that the economy picks up again.
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Land Securities scraps demerger
Land Securites is expected to lay bare the full extent of the commercial-property bloodbath this week when it puts plans for a demerger on ice and unveils a shock 20% drop in the net value of its assets.
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Countrywide could run out of cash in 12 months
Fears are mounting over the financial health of the UK’s biggest estate agency, Countrywide – owner of Mann , Bairstow Eves and John D Wood, the west London chain.
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Housing slump 'will run to 2010'
Builders are warning that the construction industry downturn will extend into 2010, as orders plummet and the collapse in housebuilding extends into the industrial and commercial sectors.
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Citigroup ponders more London cuts
Citigroup has begun consulting on potential cutbacks to its British operations that could lead to hundreds of jobs being axed in the latest blow to the City’s financial services sector.
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Banks say no to more interest rate cuts being passed on
High Street banks have told Alistair Darling they will not pass on any further interest rate cuts to consumers and businesses.
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Sales help Ronson to £13m booty
Gerald Ronson paid himself nearly £13m last year after off-loading large parts of his properties ahead of the economic crash.
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Westfield opening shakes West End
The number of consumers visiting shopping districts in other areas of London slumped by over a quarter over the first week of Westfield’s opening, according to data compiled for The Sunday Telegraph .
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China unveils $586bn economic plan
The Chinese government announced a $586bn (£374bn) economic stimulus package yesterday designed to boost the country's weakening economy and help to counter the looming global recession.
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House prices set to dip further
The monthly gauge of house prices from the RICS, due tomorrow, is tipped to fall to minus 90 in October, from minus 84 in September. The house price index from the Department of Communities and Local Government, also published tomorrow, is expected to show that prices were 5% lower in ...
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Taylor Wimpey set for more woe
Taylor Wimpey will issue a grim trading statement this week, revealing an alarming drop in sales at a time when it needs all the cash it can muster to survive.
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Qatari Diar and CPC group change Chelsea Barracks design
Project Blue, the joint venture between Christian Candy’s CPC and Qatari Diar, have made a number of major design changes to their Chelsea Barracks development in Westminster.
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Atisreal grads climb Mount Kilimanjaro
Five Atisreal’s graduates (Andrew Cotton, Richard Nichol, Michael Waller, Simon Rogers and Robert Walczak) successfully climbed Mount Kilimanjaro, raising over £2,300 for the Amani Children’s Home charity.
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Qatar has ‘no involvement’ in funding of Olympic Village
The Olympic Delivery Authority remains committed to working with Lend Lease on the development of the Olympic Village.
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Leeds arena decision gathers support
Leeds City Council’s chosen location for a new arena has been welcomed by the city’s property market.
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Barking Riverside on track despite mayor’s transport plans
English Partnerships has vowed to continue development of the residential-led Barking Riverside scheme in London – despite mayor Boris Johnson’s decision to scrap the £750m DLR extension which would support the scheme.