Clayton Hirst
- News
UK imports US urban tax plan
Government plans to include US financing scheme in forthcoming legislation to promote regeneration
- News
Energy regulator secures Millbank HQ in ICI deal
The cash payment was made to Ofgem, the energy regulator, to take on the 18-year lease with the Prudential, the building’s freeholder.
- News
Soros plans £40m plunge into self-storage sector
Finance guru is the latest high-profile investor in emerging sector, while new operators enter the market
- Insight
Track and yield
Railtrack Property director John O’Brien has taken control of a development programme larger than that of Land Securities. But this isn’t enough – he plans to crank it up further.
- News
Dot coms and telecoms scour West End for HQs
Growing internet and telecoms companies need office space but many landlords don’t want them as tenants
- News
Hines touches down in Britain
American property billionaire Gerald Hines planning to set up company to cash in on ‘air property’
- News
Ex-cricketer is latest to cash in on e-property explosion
Quoted property companies are jumping on the dot com bandwagon, leading to gargantuan leaps in share prices
- News
BBC’s property review may rule out South Bank move
The move could lead to the BBC ditching its plans to move to a Lord Foster-designed building at More-London Bridge on the South Bank.
- News
Mapeley brings in Morgan Stanley to beef up PFI team
Headed by former banker Robin Priest, the group this week appointed Morgan Stanley Dean Witter as financial adviser to beef up its team.
- News
'The Burns and Silver Show' begins its 17th series
John Burns and Simon Silver buy tired buildings in 'off-pitch' central London for imaginative refurbishment. Clayton Hirst finds out how their simple strategy has led analysts to rate Derwent Valley Holdings as a 'best-run' property company
- News
Rail sale under fire
Lobbyists call for government moratorium on the sale of £170m of British Rail properties
- News
ICI axes record West End deal
Chemicals group drops move to City & West End’s flagship Cleveland House scheme over fears for image
- News
New Euro ruling scuppers UK regeneration plans
Brussels clamps down on £200m PIP grant while delaying approval of £785m Assisted Areas map
- News
MEPs’ last-minute bid to save gap funding
Fronted by Alan Donnelly, the north-eastern team of Labour MEPs is attempting to safeguard short-term gap funding for schemes in Teesside and Tyneside from European Commission intervention.
- News
Easter surprise hatched by aggressive US fund
Run from the UK by Russell Platt, JE Robert’s $1.5bn (£940m) European fund is considering a bid in the new year for Easter Capital, which is 75% owned by Capital & Regional.
- News
Brussels’ state aid purge threatens £785m grants
The European Commission last week rejected for the third time a proposed map of ‘Assisted Areas’ – zones to which the Department for Trade & Industry can lure international businesses by providing up to 20% of relocation costs.
- News
DTZ increases tiger holdings
The move, which is expected to complete on 1 January, will see DTZ take a 20% stake in CY Leung – number three in Hong Kong – and a 5% stake in Edmund Tie, which is focused on Singapore.
- News
REStQ to buy French firm in European comeback
A source close to the talks revealed that the two firms have held a series of ‘high-level discussions’, and a deal is now weeks away.
- News
Brussels forces policy rewrite
John Prescott’s DETR last week appointed management consultant KPMG to help find an alternative to the Partnership Investment Programme (PIP) funding regime, which was outlawed by Brussels in May of this year.
- News
Government to close Stamp Duty loophole
A paragraph overlooked in this month’s pre-Budget report from Chancellor Gordon Brown warns that next year’s Finance Bill could clamp down on the use of specially created corporate vehicles to avoid the 3.5% tax levy.
