All Property Week articles in 8 June 2007 – Page 6
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ProfessionalSite contamination
Question: My local authority has made planning consent for housing development on a former metal plating site conditional on remediation. Could risk assessment demonstrate that this is unnecessary?
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News
Urban regeneration company ReB
Urban regeneration company ReBlackpool is pinning its hopes on funding from the Big Lottery Fund’s Living Landmarks programme for its People’s Playground scheme in the Lancashire resort.
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NewsManhattan view: Steve Cuozzo Condo cocktail gets commercial shakedown
The office market is overtaking residential in the Big Apple, says New York Post managing editor Steve Cuozzo
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Markets
Legal & General markets Hove City Park space
Five prospective office tenants are vying to take the surplus space that Legal & General has failed to fill at City Park in Hove. Legal & General made headlines two years ago by relocating its Hove staff to Mountgrange’s speculative 200,000 sq ft City Park on the former Alliance ...
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News
City view: Jenny Davey
All that glitters is not gold, but in the case of investors who bought shops in Bond Street during the last five years, the returns have been even better than buying the precious metal.
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News
Grimley given a Chance at Wharf
Clifford Chance has appointed GVA Grimley to market space at its London headquarters at 10 Upper Bank Street, Canary Wharf, with CB Richard Ellis. The law firm wants to sublet 79,527 sq ft of its 11th, 16th and 17th floors in the 30-storey 1m sq ft Kohn Pederson Fox-designed building. ...
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News
Cerberus and Hilco team up for Focus DIY project
Cerberus Capital Management, the private equity firm, and US debt specialist Hilco are set to agree the purchase of Focus, the DIY retailer today.
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ProfessionalCase news
Jonathan Ross reports on how a tenant lost out in a Court of Appeal decision over rent, while Warren Gordon looks at a property adviser’s defence of statutory limitation
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News
Westminster set to defer Candy scheme
Westminster City Council was last night expected to defer a decision on the future of the Middlesex Hospital site in London’s West End.
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News
Colliers CRE opens in Cambridge
Dodson Jones focused on business space, high-tech and life sciences sectors.
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News
Savills calls ‘turn’ in market
Savills claimed this week the market had reached a ‘turning point’ in its annual Financing Property presentation.
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Professional
Cadogan wins landmark long-leasehold victory
Court rules that mixed-use head lessees do not have automatic right to extend tenure
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News
Cadbury Uxbridge move
Cadbury Schweppes is to move to Macquarie Goodman’s Uxbridge Business Park in west London next spring.
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News
JLL buys project and cost manager
Jones Lang LaSalle has bought project and cost manager KHK Group.
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News
Norwich buys in Oxford Street
Norwich Property Trust, managed by Morley, has bought Academy House at 161-167 Oxford Street in London’s West End from an Irish client of Morgan Williams for £48m, reflecting an equivalent yield of 5%.
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News
Oregan buys Victoria offices
Irish company Oregan Financial, headed by stockbroker Joe O’Regan, has bought 10-18 Victoria Street in Westminster for £70m at a yield of 4.2%.
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News
PPG buys Leeds shops and offices
PPG Land has bought a 30,500 sq ft retail and office block at 4-5 Albion Place and 9 Lands Lane in Leeds for £16.4m from CB Richard Ellis Investors a net initial yield of 4.85%. HP Four and Gooch Cunliffe Whale advised the vendor; Jones Lang LaSalle advised PPG.
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Markets
Ucky business
Proposals for a new Argos have unsettled tenants at Uckfield’s market hall. Christine Eade reports
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MarketsBrighton’s green light
Green Party councillor Keith Taylor is bringing a new agenda to the seaside town’s planning committee.
