All Property Week articles in 9 October 2009 – Page 2
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J.C. Flowers says suit filed over Hypo Real Estate squeeze-out
U.S. investment firm J.C. Flowers & Co. said funds it advises filed a suit in Munich seeking to block Germany’s Soffin bank-rescue fund from forcing minority investors to sell their stake in Hypo Real Estate Holding AG.
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Writedowns on mortgage servicing make even JPMorgan vulnerable
The four biggest U.S. banks by assets may have to take writedowns on $55 billion of mortgage- collection contracts after marking them up by $11 billion in the second quarter, casting a shadow over earnings.
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RAK plans to halt parts of $3.3bn project
RAK Properties PJSC, the developer that built Ras Al Khaimah’s first man-made islands, is halting parts of a 12 billion-dirham ($3.3 billion) project until market conditions improve, the chief executive officer said.
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JJB rights issue may go through within days
Brokers working for JJB Sports are confident of completing the retailer's postponed £100m rights issue "within days".
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Irish building activity drops fastest pace since May, PMI shows
Irish construction activity dropped at the fastest pace since May last month as the economy grappled with its worst recession in more than eight decades.
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Blackstone in listing spree
Blackstone, the world’s largest buy-out firm, is planning to list up to eight companies it owns and sell at least five others, marking a reversal of its pessimistic view of the global economy and financial markets.
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Winkworth set for float with £8m tag
Winkworth will this week defy the housing slump with a stock market float to raise funds for expansion.
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Pressure eases on London’s landlords as their empty office space begins to fill up
London’s landlords are starting to feel some relief from the burden of empty buildings as surveyors report that the amount of empty office space has declined for the first time in two years.
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New retailers at Cardiff's St David's
Fourteen new retailers have signed up for shops at St David’s 2 in Cardiff, which opens on 22 October.
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Former Sainsbury’s director Baguley joins JLL
Jones Lang LaSalle has appointed former Sainsbury’s and Boots property director Peter Baguley to lead a new initiative which will provide corporate real estate advice to retailers.
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Plans on track for major scheme near Coventry train station
European developer and investor Cannon Cannon Kirk, through its Friargate Coventry development vehicle, has submitted a planning application for a 37-acre scheme opposite Coventry train station.
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Property and regional stars line up for free Property Week on-line conference next week
Britain's regional and city leaders and some of property's biggest names will be appearing at Property Week's `Invest UK' `virtual' conference on Tuesday and Wednesday next week.
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Savills New York hires ex-DTZ Rockwood managing director
Savills has appointed David Monahan, former DTZ Rockwood managing director, as senior vice president at the firm’s New York City office.
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P&O’s £1bn Waterloo plans blocked by Secretary of State
P&O Estates and Morgan Stanley Real Estate’s plans for a £1bn redevelopment in London’s Waterloo have been blocked by the Secretary of State for Communities and Local Government, John Denham.
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GPE chief set to be BPF president
Great Portland Estates chief executive, Toby Courtauld, is to become the British Property Federation’s new president in 2011.
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City agents quit big guns for new start-up
Mike Edwards, CB Richard Ellis’s head of City investment, Jones Lang LaSalle’s director of City investment Nigel Fox and LaSalle Investment Management’s fund manager David Marten are to set up an asset management business.
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Developers bid for Camden site
A host of top property names are lining up to partner Camden Council on a lucrative development site in the London borough.
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Brookfield to take up to 39.9% in Babcock & Brown infrastructure firm
Australia's Babcock & Brown Infrastructure Group has revealed a AUS$1.8bn (£1.01bn) recapitalization plan that will allow Canada's Brookfield Asset Management to take a stake of up to 39.9% in the firm.
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Quintain and Lend Lease sell 999 year lease of Millenium Dome
Quintain and joint venture partner Lend Lease Europe have sold the 999 year of the Millennium Dome for £24m to Trinity College, Cambridge.
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LXB confirms plans to float
As revealed yesterday by PropertyWeek.com, LXB, run by Tim Walton, is planning to float on AIM.