All articles by Clayton Hirst – Page 2
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News
Hammer comes down on Sotheby’s West End HQ
Sotheby s, the blue-blooded auction house and fine art dealer, is to uproot from its historic base in London s opulent New Bond Street. The company has been at its Georgian base since 1917, but wants to make the break from the past and relocate to more efficient ...
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News
Archer protests over mayor’s office deal
The government will pay £7.5m a year to rent the Greater London Authority office at London Bridge, Property Week has learned. Senior executives at the DETR have agreed heads of terms for the deal with developer CIT, which will see the new authority locked into a deal on ...
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Insight
The real Ronson
Gerald Ronson s last big challenge is to return Heron International to its former glory. At the same time, he intends to clear his name in the European Courts. We talk to the entrepreneur about loyalty, risk and pride
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News
Surveyors need higher salaries
Surveyors attitude to teamwork could change as they expect better pay, former Healey & Baker senior partner Paul Orchard-Lisle claimed this week. Giving the annual Hamptons Lecture at the ISVA on Tuesday, Orchard-Lisle, now chief executive of Healey & Baker Investment Advisors Inc, said: The ...
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Markets
The Heron flies west
Four major West End schemes are set to reinforce Gerald Ronson s comeback.
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News
Soros poaches PRICOA dealmaker for Euro drive
International financier George Soros has poached one of the most highly rated property bankers to bolster his aggressive push into Europe. Richard Mully, head of merchant banking at PRICOA , the European arm of Prudential Insurance Company of America, was this week clearing his desk before moving ...
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News
Former Cowboy plans touchdown with DTZ
US property broker Staubach Company this week entered the race to link up with DTZ Debenham Thorpe. The 500-strong Dallas-based company is understood to be focusing its merger talks on the quoted surveyor after abandoning discussions with FPDSavills and Knight Frank a fortnight ago. Staubach was set ...
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News
Britain set to lose Euro row over RDA funding
The government has quietly conceded that it is unlikely to win its battle with the European Commission over the funding of Regional Development Agencies. In May, the Commission banned the use of Partnership Investment Programme (PIP) funding a £200m grant regime which was to be transferred ...
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News
Pelham hungry to add to European portfolio
Pelham Partners, the European investment vehicle for the giant US Apollo Real Estate fund, has dipped its toe into the Hungarian property market. Run by former Goldman Sachs bankers Roger Orf and Don Blenko, the company has taken a majority stake in Hungarian developer Sundance for $11m. The investment ...
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News
Market hits boiling point with £85m Paddington bid
A staggering £85m has been offered for the empty Paddington Goods Yard site in west London, in what has been described as a pointer to the peak of the market. Grainhurst, the joint venture company of landowners Regalian and NFC, is understood to have received eight separate offers for ...
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News
RDA row heads for Euro court
A bitter dispute between the British government and the European Commission over the funding of England's Regional Development Agencies could end up in the European Court of Justice. The spat centres on the transfer of an English Partnerships ' grant regime, Partnership Investment Programme, to the eight RDAs. In May, ...
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News
US bank goes Hypo in direct property drive
Babcock & Brown is to join the scrum of US investment banks clamouring for a stake in UK property by launching a direct property investment drive. The move, to start early next year, is expected to see the San Francisco-based bank build a UK and continental European portfolio ...
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News
Savills’ Dallas connection starts new wave of US ties
FPDSavills is in merger talks with the 5,100-strong US broker and developer Trammell Crow. Executives from the two companies are understood to have met in London and the US for preliminary discussions about sealing a deal that would involve equity transfer. The discussions represent the beginning of ...
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News
Government review spells doom for planning gain
A radical alternative to planning gain where developers stump up cash for civic projects as a condition of receiving planning consent for their schemes is being considered by the government. Property Week has learned that the DETR has started a review of planning ...
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News
Ronson sells off as he breaks into Europe
Gerald Ronson , the property tycoon who runs Heron International , is to sell a chunk of his UK property portfolio to finance his aggressive expansion into continental Europe. Ronson is expected to raise £85m by selling four UK offices to a private Middle Eastern client of Morgan Grenfell ...
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News
Birmingham calls for Urban Priority status
A key recommendation of Lord Rogers Urban Task Force is to form the backbone of Birmingham City Council s strategy to redevelop the east side of the city. Albert Bore , leader of Birmingham City Council, frustrated by delays to the city s Mass House regeneration scheme, has ...
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News
Apollo launches drive into Czech market
An American fund has become one of the first overseas property investors to make a bet on the Czech Republic. Pelham Partners last week took a 33% venture capital stake in property company Portland Trust. Pelham, founded by former-Goldman Sachs analysts Roger Orf and Don Blenko, is the European investment ...
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Insight
Return journey
Developers are lining up to regenerate King's Cross a decade after the first plan failed. This report examines the original scheme and whether the problems that dogged the first plan could bedevil the site's future
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News
JER jostling for stake in UK property
JE Robert has created a storm by threatening to upset the Milner takeover. But just who is this audacious investor? This report sheds some light on this aggressive US investor
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News
Lipton's blast from the past at King's Cross
Almost a decade after Stuart lipton jointly submitted a £3.5bn ill-fated application to redevelop King's Cross, he's back in the frame again. Lipton's company Stanhope is understood to be one of a handful of developers which London & Continental Railways is talking to about master planing and developing ...
