All Property Week articles in 8 June 2012 – Page 2
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OnlineInvista shareholder slams Internos’s £33.6m recommended bid
A shareholder in Invista Real Estate Investment Management this afternoon slammed the recommended takeover of the company by Internos Real Investments as “completely unacceptable”.
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OnlineLaw firm signs for 100,000 sq ft in SE1
A legal intelligence company has signed a pre-let for nearly 100,000 sq ft in Blackfriars.
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OnlineMetro Bank opens at former Chiswick petrol station
Boultbee and London Central Securities have let a former petrol station in Chiswick, west London, to Metro Bank.
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OnlineTincknell resigns from REO
Rob Tincknell has resigned from Real Estate Opportunities in order to “pursue other business opportunities”.
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OnlineGap rehires Masters to head European store portfolio
US fashion retailer Gap has re-recruited Steve Masters as vice president of real estate and store development in Europe.
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OnlineAberdeen wins asset management contract in Denmark
Aberdeen Asset Management has been awarded a property asset management contract from Danish charity Aage V Jensen to manage its direct-owned €170m Danish property portfolio.
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OnlineJD Sports predicts up to £15m loss for Blacks this year
JD Sports anticipates incurring an operating loss of up to £15m from the Blacks business this year, after having bought the struggling retailer at the start of the year.
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OnlineTopland gets go ahead for 220,000 sq ft City development
GreycoatCore has achieved planning consent for a 220,000 sq ft office building on King William Street, on behalf of Topland the freeholder of the site.
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OnlinePilot project pans Portas TV plans
One of the towns selected for Mary Portas’s pilot scheme for saving Britain’s high streets has raised concerns that “the desires of a TV production company are being placed above the needs of a community in transition”.
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OnlineCroydon's Allders store in crunch rent talks
Croydon’s Allders department store is in crunch talks with its landlord to try and reduce its rent bill in a bid to stave off collapse.
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Online
Worst could be ahead for banks, says BoE
The Deputy Governor of the Bank of England this evening said that “the worst could still be ahead” for banks in terms of needing more capital and that policymakers had to be willing to “take away the punchbowl” to ensure that markets like property don’t overheat.
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OnlineBank of Ireland exits €200m of infrastructure loans
The Bank of Ireland is on target to exit €10bn of investments after agreeing to sell a portfolio of infrastructure loans.
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OnlineBank of England: worst could still be ahead for banks
The Deputy Governor of the Bank of England this evening said that “the worst could still be ahead” for banks in terms of needing more capital and that policymakers had to be willing to “take away the punchbowl” to ensure that markets like property don’t overheat.
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OnlineMinister to consider Welsh rates rethink
The Welsh government should seek permission to devolve business rates to Wales and enable councils to retain a portion of the income, according to an independent report commissioned by the Welsh business minister.
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Online
Italians start drive with £167m London deal
An Italian fund manager has emerged as the £167m buyer of Queensberry House in London’s Mayfair, announcing the deal is “just the start” of its move to become “an active investor in the UK commercial property market”.
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OnlineAberdeen veteran to step down
Aberdeen Asset Management’s managing director of UK Property Fund Management, John O’Connor, will be retiring at the end of the month.
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OnlineInsurers to lead rise in new property lending
New lending to property is set to rise in 2012, according to a new report, with insurance companies leading the way.
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OnlineHopkins says Workspace strategy will not change after reporting strong results
Harry Platt signed off as chief executive of Workspace Group after producing a forecast-beating set of results.
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OnlineMuse secures Blemain in Cheadle
Blemain Group is to move from its offices in Manchester city centre to new space at Muse Developments’ Cheadle Royal Business Park, TheBusinessDesk.com reported today.
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OnlineItalians plan UK drive after £167m West End debut
An Italian fund manager has emerged as the £167m buyer of Queensberry House in London’s Mayfair, announcing the deal is “just the start” of its move to become “an active investor in the UK commercial property market”.
