All articles by Charles Williams – Page 4
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Online
Alconbury cleared for take-off
Alconbury Developments has been given the green light for its 7m sq ft (650,315 sq m) freight distribution centre at the disused Alconbury airfield near Cambridge.
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Barker Review recommends REITs
A senior government adviser this morning recommended the introduction of a tax-transparent property vehicle, along the lines of the US real estate investment trust (REIT), ahead of chancellor Gordon Brown's pre-Budget report later today.
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Online
Van Hoogstraten cleared of manslaughter
Property investor Nicholas van Hoogstraten was this morning formally cleared of manslaughter at the Old Bailey.
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Grainger Trust reports 16% NAV increase
Tenanted residential specialist Grainger Trust today reported a 16% increase in triple net asset value to an all-time high of 1391p a share.
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Reichmann: no guarantee of Wharf bid
Canary Wharf Group founder Paul Reichmann stressed this morning there was no guarantee he would come in with a bid for the company to trump Morgan Stanley’s 265p-a-share recommended offer.
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Canary Wharf in £1.1bn deal
Canary Wharf has sold two buildings to Royal Bank of Scotland for £1.1bn, in one of the biggest property deals ever.
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First approaches come in for Benchmark
West End specialist Benchmark today announced it has received a number of approaches for the company.
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Morgan Stanley ups Canary Wharf offer
Morgan Stanley and Simon Glick have raised their bid for Canary Wharf Group to 265p a share, an offer Canary Wharf's independent committee said it would be willing to recommend.
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LandSecs takes full control of Gunwharf
Land Securities has taken full control of the Gunwharf Quays development in Portsmouth, buying out partner Berkeley Group for £170m.
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Noé makes higher Derwent offer
Leo Noé’s Winten this morning announced a third improved approach of 800p a share to take over Derwent Valley Holdings.
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Savills hits shares high
Savills shares hit their highest price ever this morning, following a bullish trading statement from the company.
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News
LDA's Olympics bid hits Hermes hurdle
Landowner refuses to sell key 250,000 sq ft site to agency
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Online
Morley joins housebuilder on 315 acre Chertsey site
Morley Fund Management and housebuilder Crest Nicholson have teamed up to buy a 315 acre (127.5 ha) development site in Chertsey.
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Ashwell selected for £500m Suffolk scheme
Cambridge-based developer Ashwell Property Group has been named as development partner for a £500m mixed-use scheme near Sudbury.
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Workspace reports 7% NAV rise
Workspace Group this morning provided further proof of the resilience of the small business accommodation market, reporting a 7% jump in its net asset value (NAV) to 1615p a share.
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Glick gets Takeover Panel clearance for Wharf bid
The Takeover Panel today ruled that Simon Glick’s involvement with the Morgan Stanley consortium attempting to take over Canary Wharf Group does not contravene its regulations.
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CBRE reveals 3% revenue growth
CB Richard Ellis today reported revenue growth of nearly 3% across its European, Middle East and Africa (EMEA) region in its first published results since the merger of CBRE and Insignia in July.
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Evans plans to triple size
Evans Easyspace, which offers small- and medium-sized enterprises (SMEs) flexible office space and workshops, has announced major expansion plans following a deal between its owners Evans Property Group and Kodak Pension Plan.
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Consent granted for Sellar's London Bridge Tower
Sellar Property Group’s London Bridge Tower has been granted planning permission by the government following a public inquiry in the summer.
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Sainsbury's development arm sold for £170m
A joint venture including Schroders, Deutsche Property and Catalyst Capital today bought J Sainsbury Developments for £170m.