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All Property Week articles in 9 December 2011 – Page 3
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InsightFinance Bill brings good tidings with REIT regime relaxation
The property industry received an early Christmas gift with the draft legislation for REITs this week, published as part of the Finance Bill.
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News
City mergers benefit occupier market
Latest lettings suggest Square Mile may be gaining strength
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ProfessionalQ+A: Landmark valuation decision could benefit Scottish economy
A landmark decision by the Fife Valuation Appeal Committee (VAC) regarding business rates in Scotland this week could help the Scottish commercial property market.
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NewsLondon malls set BCSC gold standard
Westfield Stratford City and One New Change won best retail schemes of 2011 at the BCSC’s annual awards ceremony this week.
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NewsBattersea Power Station plug-pulling leaves tangle of crossed wires
Sale of site assets complicated by past owners’ interests. Mike Phillips and Nick Johnstone report
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Online
Battersea Power Station – a timeline
A look back at the history of the famous building and its troubled recent past
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MarketsCouncil’s blinkered planning outlook will hold back Cardiff
Twelve-strong team to advise Welsh minister on review of system. Sarah Stewart reports
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NewsBrookfield takes over Atlantis resort
Canadian property firm Brookfield has taken control of Kerzner International’s vast Atlantis resort in the Bahamas and two other assets following a debt-for-equity swap.
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InsightAsset managers battle for centre stage in Wales
In the run-up to Christmas, asset managers in the region explain how they are trying to battle through, despite the economy and competition from their neighbours. From reconfiguring units to change of usage and flexible lease terms, Sarah Stewart looks at their strategies
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MarketsAspers hits jackpot in Stratford
First of UK’s eight “super casinos” opens in Westfield Stratford City. Christine Eade reports
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NewsAmazing Grice
Hats off to Drivers Jonas Deloitte partner Nigel Grice, who triumphed in the “Most Stylish” category of Property Week’s Movember competition
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News
Alpha finds its Romeo in Westbrook Partners
US private equity firm Westbrook Partners is to buy 14 secondary properties from Standard Life Investments for around £63.5m.
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News
It’s all Greek to me
Is retail warehouse agency a guessing game? It was last month, when niche firm Edgerley Simpson Howe hosted the 18th annual “spoofing” championship, a pastime that involves guessing the number of coins — between zero and three — held in opponents’ hands.
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Professional
London agent Glenny launches regeneration arm
Glenny, the Thames Gateway and Lea Valley-focused agent, has set up a regeneration and infrastructure division.
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Professional
Localism agenda improves demand for planning consultants
The Localism Act was given royal assent last month, which has led to increased demand for multi-skilled planners.
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Markets
For and against: enterprise zones
Wales was the first to benefit from enterprise zones in the UK when Lower Swansea Valley was awarded reduced-rate status in 1981.
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ProfessionalPeople moves: Hamworth Estates, Savills, Farebrother, Denstone Real Estate Advisors
Co-operative Bank has promoted property finance specialists Phil Basten and Rob Dawson.
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MarketsStoford salutes Admiral in Cardiff
Stoford completed a forward-funding agreement with German open-ended fund manager Union Investment last Friday, for the latter to provide £60m for Admiral’s new headquarters in Cardiff.
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NewsDTZ hopes to rise from ashes of prepack administration
Sunday night’s sale of firm to UGL leaves stakeholders out of pocket. Mike Phillips reports
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NewsDebt issue proves too big an obstacle for Adelphi buyer
London’s Adelphi building is expected to be put back on the market in the new year, after an opportunity fund manager failed to buy the block for £285m.
