All Property Week articles in 9 April 1999 – Page 2
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Markets
Enterprise zones
Two areas of Scotland have benefited from enterprise zone status. Inverclyde, to the west of Glasgow, where designation expired in March, has seen some 92,900 sq m (1m sq ft) of development, 96% of which is occupied. Nevertheless, some of Inverclyde's sites have not been developed in the lifetime of ...
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Markets
Edinburgh office market
Agents at the coalface of Edinburgh office transactions can testify to the market s relative buoyancy. While the hype about the Scottish parliament is not necessarily the main reason for most organisations establishing a presence in Edinburgh, there is no doubt that it has encouraged those seeking a base in ...
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Markets
Glasgow & Edinburgh retail
Retailers perceptions of Scotland s two main retail centres are entirely different. Edinburgh, with the smaller population of 450,000, is said to have a greater disposable income. Glasgow, with a larger population of 670,000, is said to have less disposable income but greater expenditure per person. Thus, with more ...
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News
No Easter surprise for shares
Property shares had a fairly uneventful pre-Easter week, with most of the excitement taking place among the smaller companies. The Property (or Real Estate as it has been renamed) Share Index rose 0.7% to 1892, significantly underperforming the 2.5% rise in the All-Share to 2906. There were 11% and 14% ...
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News
Stamp duty rises mean more UK swaps
More UK funds are likely to swap properties this year to avoid paying stamp duty. According to Robin Hughes of CB Hillier Parker Fund Management, increased transaction costs, coupled with a tight investment market, is forcing the move. Where funds have different objectives for owning property, the swaps ...
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Markets
Dundee
Lend Lease reports that more than 80% of its new Overgate Shopping Centre currently under construction is now let, is in the hands of solicitors, or is under negotiation. A major regional shopping centre is being created with a 12,080 sq m (130,000 sq ft) Debenhams department store as ...
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News
Development projects propel DevSecs profits
Development Securities saw its shares increase by 17% on Tuesday, after it reported a 17% rise in net asset value to 337p a share in 1998. The driver for the growth was gains from the development programme, and, with substantial tax losses, the company is able to shelter most ...
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Markets
Glasgow development
The symbols of success dominate Glasgow s skyline. Tower cranes are everywhere as the city goes through its most significant period of growth for 20 years. Major retail developments New shopping centres at Buchanan Galleries and Braehead, developed by Henderson Investors/ Slough Estates and Capital Shopping Centres ...
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Markets
Edinburgh office development
The last year of the millennium will see very limited prime supply in the face of persistent demand. At the beginning of 1999, there was no new-build office space available in the city. There are only two new buildings available Caledonian Exchange at 5,530 sq m (60,000 sq ...
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News
Deloitte leans towards JLL
Deloitte & Touche Consulting s new managing partner Kenneth Clinchey is close to appointing Jones Lang Lasalle to help in its search for new London premises. JLL is expected to join Knight Frank , appointed to act as sole agent for the requirement in June 1998. It is understood ...
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Markets
Deal with the road rage
As they head towards Edinburgh to take their seats in the Scottish parliament, the nouveau politicos will have to face up to a severe challenge. Just getting to work on time will be a major headache. For a country that relies so much on inward investment, Scotland s infrastructure is ...
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News
Interfirm to set up pilot yield database
A final piece in the complex jigsaw of information required to draw big funds into residential investment is being put into place with the first comprehensive benchmarking of yields. Ten leading property companies are about to receive detailed performance figures for millions of pounds worth of housing assets. By ...
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Markets
Commitment through lean years reaps rewards
In the mid 1980s, Edinburgh Council recognised the limited scope for office development within the city centre and the need to provide for business expansion in the city. Some council-owned land west of the centre, next to the city bypass, was identified and a development partner sought. The council ...
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Markets
Comment
Scotland s burgeoning appetite for retail accommodation shows no sign of abating. Despite the maturity of the market, there are no fewer than 10 major in-town schemes in the pipeline, due to open by 2002. These will total more than 371,610 sq m (4m sq ft), with a geographical spread ...
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Markets
Oil price fall hits granite city property market
The collapse in North Sea oil prices is damaging Aberdeen s property market. A number of high-profile developments have been shelved by major oil and service companies, most of which are now seeking consolidation and mergers as an immediate cost reduction measure. A survey of major oil firms in the ...
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Professional
Changing the rules of the litigation game
Reform of the civil justice system – part two In the context of the reforms to the civil justice system, three major changes will alter the rules for disclosure of documents, experts' evidence and offers to settle The new procedures aim to improve the management of ...
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Markets
Work to start in May on Livingston centre
BAA McArthurGlen is set to start work in May on its first designer outlet in Scotland. The £60m project is being developed at Land Securities Almondvale Centre in Livingston. The outlet is due to open in March 2000 and will feature 19,970 sq m (280,000 sq ...
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Professional
Building the future of the industry
Rethinking Construction Rethinking Construction, Labour’s answer to the Latham report, claimed that the construction industry was underachieving and set out drivers for change A survey of building contractors shows that, although some progress has been made, the Government must try harder to understand the industry’s needs Sir ...
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News
Brownfield site plans scuppered by red tape
Bureaucracy, ignorance and rising taxation could stifle demands for more housing on brownfield sites, according to Britain s top builders. Planning must be streamlined and planners educated about contamination and land assembly problems to encourage sustainable development, says a study of the industry by the College of Estate Management. It ...
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News
BPF urges exemptions for store concessions
The BPF has argued for licences such as concession agreements in department stores to be excluded like land agreements from the Competition Act, in a deadline submission to the DTI this Tuesday. In the document, which primarily seeks to clarify details of last year s ...
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