All Property Week articles in 9 October 2009 – Page 12
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Cayre’s Midtown Equities partners with Dankner on HSBC HQ buy
Joseph Cayres’ Midtown Equities is partnering Nochi Dankner’s IDB Group in the sale and leaseback of the HSBC headquarters in New York, it was confirmed today.
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Clearswift extends at Goodman's Arlington
Information security services firm Clearswift Systems has extended its occupation at Goodman’s Arlington business Park by ten years.
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Fitch sees steep house price fall
The recent gains in UK house prices are likely to prove only a temporary respite before a further steep fall next year, according to Fitch, the global ratings agency.
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Lloyds ponders £15bn asset plan escape
Lloyds Banking Group and its advisers have begun sounding out investors about a £15bn capital raising, a move they believe could allow the bank to withdraw entirely from the government-sponsored asset protection scheme.
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WestLB to create 'bad bank'
WestLB, hit hard by the financial crisis, will become Germany’s first lender to create a 'bad bank' after agreeing yesterday to offload at least €87bn ($128bn) in non-strategic assets.
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King's Place is workplace of year
The British Council of Offices has named the best workplaces in the UK and for staff who do not work in any of them, the details make hard reading.
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Laing to cut 650 jobs
Laing O’Rourke, Britain’s biggest construction company, is to cut one in five of its UK support staff, around 650 jobs in total, as part of a sweeping reorganisation, according to The Times .
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Mortgage insurance holders to get refunds
Lenders and insurers are to refund up to £60m to more than 1m mortgage payment protection insurance customers hit by unfair premium rises or cuts to their policy benefits.
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Smaller supermarkets aid grocery sector growth
The move into smaller-format supermarkets has allowed the grocery sector to grow in the face of recession.
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HCA to provide £42m affording housing funding at King's Cross Central
The Homes and Communities Agency (HCA) has agreed to provide £42m of funding to help deliver the first phase of affordable housing at the King’s Cross Central regeneration scheme.
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M25 Office Market Stabilises says Knight Frank
The M25 office market has experience increased investor interest and seen headline rents stabilise in the third quarter of the year according to Knight Frank.
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EXPO 2009: Romania still suffering, say experts
Romania's property market is showing no signs of 'unblocking' as the country faces value falls of up to 50% across all sectors from peak levels, panellists at the EXPO REAL investment forum agreed.
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EXPO 2009: INREV:Fund lives will be extended
Fund managers and investors are choosing to extend the life of their funds rather than terminating them, according to INREV, the European association for investors in non listed real estate funds.
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EXPO 2009: Warsaw top city for expanding companies
Cities in Central and Eastern Europe are top of the list for companies looking to expand across Europe over the next five years, with Warsaw, Moscow, Budapest and Bucharest ahead of London and Paris.
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Helical Bar appoints asset management executive
Helical Bar has appointed Allsop’s Tom Anderson as asset management executive in its investment team.
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EXPO Blog: Public sector under-represented in Munich
Jeremy Helsby, Simon Hope, Iain Reid, Bob Kidby, Xavier Pullen and Ian and Richard Livingstone were in Munich – but where were their rivals and most importantly of all, the British public sector?
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CBRE Investors sells Regent Street block for £30m
CB Richard Ellis Investors has sold Mutual House on Regent Street in London for £30m to a private overseas investor.
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Land Securities gets nod for ice rink on Oxford Street
Land Securities has got the go-ahead to house a variety of public events including an ice rink on its Park House site, opposite Selfridges department store on Oxford Street in London, until it restarts redevelopment.
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Manhattan office vacancy levels reach five-year high
Manhattan’s office market has reached a 11.1% vacancy rate which is the highest vacancy rate in five years despite an increase in leasing activity quarter-over-quarter, according to Cushman & Wakefield.