All articles by Charles Williams – Page 2
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Online
Canary Wharf gets backing for £1.1bn sale
Canary Wharf Group this morning received the shareholder backing it needed to complete the £1.1bn sale of two buildings.
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Online
Canary Wharf hits back at criticism
Canary Wharf Group hit back this evening at criticism of its potential £1.1bn disposal to Royal Bank of Scotland ahead of Monday’s shareholder meeting to decide whether the deal will proceed.
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Online
£400m Croydon development gets go-ahead
A controversial £400m scheme to redevelop Croydon Gateway was last night given the go-ahead by Croydon Council.
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Online
Brascan and Reichmann join forces
Canadian property group Brascan and former Canary Wharf Group chairman Paul Reichmann, both potential bidders for the Docklands developer, have agreed to combine their interests to defeat the recommended Morgan Stanley bid.
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Online
Chelsfield fails to attract bidders
Chelsfield this morning announced it had received no firm bids for the company so far, apart from chairman Elliott Bernerd's 305p-a-share management buyout offer, which it formally rejected.
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Online
Hermes invests £35m in Cap & Reg fund
Hermes has invested £35m in Capital & Regional’s The Mall UK shopping centre fund, the third institution to do so this year.
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Online
Gordon Brown launches REIT consultation
Chancellor Gordon Brown today announced the launch of a consultation on the creation of a real estate investment trust (REIT) for the UK market, raising the prospect of a revolution for the property sector.
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Online
Developers selected for £120m Ilford scheme
Capital & Counties and Countryside Properties have been selected to redevelop 6.4 acres (2.6 ha) of Ilford town centre.
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Online
Hammerson sells Essen shopping centre
Hammerson today announced the sale of a German shopping centre for £80m, reducing its German exposure to 5%.
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Markets
Olympic hurdle
London's Olympic bid requires 500 acres in the Lower Lea Valley east of the capital, but assembling it isn't going to be easy.
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Online
Hammerson’s £42m Brent Cross buy
Hammerson and Standard Life Investments have forward purchased a retail park in Brent Cross, northwest London, from Castlemore Securities for £42m.
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Online
Noe’s third Derwent Valley offer rejected
Derwent Valley Holdings has rejected Leo Noé s third offer for the company as wholly inadequate .
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Online
Chessells stands down as MEPC chairman
Hermes chief executive Tony Watson has taken over from Sir Tim Chessells as chairman of Hermes subsidiary MEPC with immediate effect.
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Online
B&Q’s 1m sq ft Nottingham plan
B&Q today announced plans for a 1m sq ft (92,902 sq m) distribution warehouse in Worksop, Nottinghamshire.
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Online
Great Portland reports NAV drop
Great Portland Estates continues to be affected by the central London office slump, reporting today that its net asset value decreased 4.2% in the six months to September.
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Online
JLL Germany hit by fraud probe
Jones Lang LaSalle's German managing director Douglas Holoch resigned yesterday, following an investigation by German authorities.
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Online
Bernerd's Chelsfield buyout delayed
Elliott Bernerd’s £860m management buyout at Chelsfield due this month, has been delayed until at least December.
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Online
Noé in talks to buy Derwent Valley
Leo Noé, the former head of Bourne End Properties, announced today he was considering a bid for central London office specialist Derwent Valley.
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Online
British Land buys GUS out of joint venture
British Land has bought out Great Universal Stores (GUS) from the companies’ 50/50 BL Universal joint venture for £120m.
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Online
Regus raises £55m to pay off creditors
Regus today announced a comprehensive £55m refinancing to pay off its creditors and confirm its exit from Chapter 11 bankruptcy in the US.
