All Property Week articles in 9 April 1999 – Page 3
-
News
CLS looks forward to big millennium growth
CLS Holdings is forecasting organic growth of at least 70p a share over the next two years, after achieving a record 15%, or 24p, increase in net asset value last year. Chief executive Glyn Hirsch has £6.5m of annual rental income to come through within the portfolio from contracted ...
-
News
Sheffield a big city contender
Sheffield s city centre retail market has rocketed back into prominence with the news that communications retailer The Link has signed up at a record rent. The retailer, part of the Dixons Stores Group, will take 93 sq m (1,000 sq ft) on Fargate for 15 years at a rent ...
-
News
Frogmore and MEPC join bid
Frogmore Estates and MEPC are thought to have joined the battle to buy Chesterfield Properties. The two quoted companies are believed to be vying with Quintain Estates & Development and a joint venture between Antler Property Investment and Welbeck Land . Quintain heads the pack, however, since ...
-
News
Cardiff Bay site clash for Black
Developer Roger Black has launched a scathing attack on Cardiff Bay Development Corporation (CBDC) after they rejected his proposals for a £12m Welsh National Media Centre at Cardiff Bay. He accused it of carrying out a fire sale of sites in a dash for cash ...
-
News
Rotch avoids tax hike by swift BP House deal
Rotch Property Group has landed bp House/171 Victoria Street from the German open-ended fund manager Despa Fonds for nearly £118m in a last-minute bid to avoid changes to German capital gains tax. The deal is the West End s largest single property deal since German fund Degi bought ...
-
News
Probus sells assets to invest in leisure
Probus Estates, formerly Premier Land, has sold off its entire Dutch portfolio and its last UK investment property, leaving it with just one asset, the Aviemore skiing resort in Scotland. In two separate deals last week, it sold its Dutch subsidiary Premag Holding to Dutch property company Uni-Invest for 27.2m ...
-
News
The Mall tops all projections for JT Baylis and the Prudential
It might have been a mixed year for the retail sector, but one of the UK s newest RSCs has plenty to celebrate. Tony Watts went along to share in the birthday cake at The Mall at Cribbs Causeway: one year old last week
-
Markets
Overgate months ahead of schedule
Nine months after demolition work started at the site of Dundee s new Overgate retail centre, the construction programme is six months ahead of schedule. Autumn 2000 was the expected completion date the scheme should now be open and trading by spring 2000. The Overgate centre will be ...
-
News
Ready financing spurs private buyer activity
Cheap financing has provoked private buyers into a feeding frenzy over portfolio acquisitions, an analysis of first quarter transactions produced by Jones Lang Lasalle has revealed. The findings, exclusive to Property Week, show that private investors and private companies were responsible for three in every four transactions made ...
-
Markets
Speculate to accumulate
Public sector support is being withdrawn from the industrial market but, as Stewart McIntosh finds, it is doing perfectly well on its own
-
Professional
Disability law: access all areas
Disability Discrimination Act Landlords should be planning now to improve disabled access to properties – the first step is an access audit of all properties Improving accessibility will increase a property's marketability – the issue is going to become an important Criterion in occupier decision-making Although ...
-
Markets
Aberdeen
On reading recent press articles, one could be forgiven for thinking that the Aberdeen property market is on collision course, heading towards another mid-1980s style collapse. However, nothing could be further from the truth. Europe s oil capital While it is true to say that the low oil price, ...
-
Markets
Braehead now 96% let as Woolworths signs up
Woolworths is to take a 2,790 sq m (30,000 sq ft) store at CSC s Braehead shopping centre, bringing lettings to 96%. The unit became available after J Sainsbury decided to ditch its plans for a Savacentre anchor, deciding to trade as a 11,150 sq m (120,000 sq ...
-
Markets
Glasgow’s office blues
Glasgow is being overshadowed by its thriving eastern neighbour but, as Stewart McIntosh reports, it may not be long before bonnie times are back on the Clyde
-
Markets
Escape from ‘Alcatraz’
Plans have been unveiled for a landmark building on the western approach to Glasgow city centre from the Clydeside Expressway. The £7.5m Europa Building is phase three of Taylor Woodrow s redevelopment of the Anderston Centre, one of the UK s ugliest 1960s commercial developments. The 3,700 sq m ...
-
News
Regional Development Agencies – more action and less talk
On 1 April, eight of England s Regional Development Agencies sprang into action. Nigel Smith of Drivers Jonas believes the RDA s should herald a broader, more holistic approach. But do they have enough funds?
-
News
Citadel’s NAV rises by 33%
The strength of the French property market was shown this week, when AIM-listed Citadel Holdings reported a 33% increase in net asset value to 142p a share for 1998. In its first full year since flotation in June 1997, Citadel produced pre-tax profits of £3m and is paying a dividend ...
-
News
Ashtenne to take over Cleveland for £33m
Ashtenne has capped four weeks of negotiations with its rival Cleveland Trust by agreeing a 111p/share cash offer. The offer, which values Cleveland at £33m, is well below the 120p/share level that Cleveland was seeking, which would have reflected a 10% discount to its 31 March 1999 net asset ...
-
News
Barclays gathers fire for £300m retail park fund
Barclays Property Investment is planning to create a £300m fund to invest in retail warehouses. The limited partnership, which will be called the Regent Retail Parks Partnership, will be launched with a portfolio of five retail parks from Barclays UK Retirement Fund. The parks were valued at £173m in ...
-
Markets
Glasgow office space falls 27% to new low
Figures from Richard Ellis St Quintin show that the amount of available office space in Glasgow city centre has fallen to its lowest level since December 1990. A total of 102,190 sq m (1.1m sq ft) was on the market at the end of 1998, a fall of 27% ...
- Previous Page
- Page1
- Page2
- Page3
- Page4
- Next Page
