All articles by Clayton Hirst – Page 3
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News
Ronson property drive set to light up London
Howard Ronson, the estranged cousin of property tycoon Gerald Ronson , is on the brink of launching a huge development drive in central London. Through his property company HRO International, he is weeks away from opening a Mayfair office to be run by two former directors of Chesterfield Properties ...
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Orchard-Lisle to branch out
Paul Orchard-Lisle, the departing senior partner of Healey & Baker , is setting up a company to promote the flow of investment between Europe and the US. To be called H&B Investment Advisors Inc, it will be a wholly owned subsidiary of Cushman & Wakefield Healey & ...
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DFID row is over as BP negotiatons collapse
bp has unwittingly resolved a bitter property row that has been smouldering between two government bodies. For nearly six months, Clare Short s Department for International Development (DFID) and PACE, the government s property adviser, have been at loggerheads over the department s relocation plans. PACE wanted ...
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Business leaders hatch £150m King’s Cross plan
King s Cross has been earmarked by a powerful coalition of business organisations as the site for the UK s largest city convention centre. The group, headed by the London chamber of commerce, is two weeks away from publishing a business plan in a bid to secure £150m of ...
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Serviced distribution space gets £1bn US lift
A privately owned US property company is about to make a £1bn push to establish the concept of serviced distribution space in the UK and continental Europe. Florida-based Premier Asset Management this week formed a London subsidiary and poached Lee Glassar, a senior investment manager from the Schimmel family s ...
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Trinity steps out of the running in PFI project
The onerous bidding process on the £2bn Inland Revenue and Customs & Excise PFI project has claimed its first victim. Trinity, one of the five consortia shortlisted, has withdrawn from the race. It is thought to have become disillusioned with the cost of putting together a serious bid for the ...
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Caborn brought in to heal departmental rift
Former DETR minister Richard Caborn has been parachuted into the DTI to improve frayed relations between the two departments. Westminster sources revealed this week that one of the minister of trade s new roles will be to implement policies on which the departments have historically ...
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Industry outsider gets top Railtrack position
Railtrack has finally found a new head of property following a game of musical chairs with the Shadow Strategic Rail Authority. The rail authority s former franchising director John O Brien will take control of Railtrack Property on 1 October, after a six-week stint working with current property director ...
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NAO property probe puts pressure on gas regulator
The National Audit Office has launched an investigation into the property activities of a government agency as a result of an investigation by Property Week. The probe centres on allegations that the tendering process to appoint a property agent for gas regulator Ofgas was not on a level ...
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PFI ‘bank’ could be shunned
Government officials are privately concerned that Partnerships UK, the proposed PFI bank , could be shunned by public sector bodies. The Treasury announced last week that the bank would be launched next spring to provide development capital to trigger up to £3bn of PFI deals a year. ...
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Gooch Webster jumps on transatlantic bandwagon
Gooch Webster this week jumped on the accelerating American bandwagon by forming an alliance with broker and umbrella organisation New American International. The UK surveying firm, which was created last year through the merger of Gooch & Wagstaff and J Trevor & Webster, will today announce that it ...
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Moorgate move helps LandSec to Blossom
Land Securities has slotted another piece into the Blossom's Inn jigsaw puzzle to assemble one of the largest development sites in the City. The UK's only FTSE100 property company is understood to be about to move the State Bank of India out of 1-6 Milk Street, one ...
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Pearson fuels Shell-Mex bids
Media group Pearson has set its heart on making Shell -Mex House its new London base by offering to rent almost half the £150m art deco office from whoever buys it. Property Week has learned that Pearson has written to the 10-plus parties that last week ...
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Rivals unite for £400m Belfast retail scheme
The four-way tussle between rival developers to capitalise on Belfast's booming retail scene took another twist this week after two proposals were merged to create a £400m scheme. MEPC 's Castlecourt extension and Dunloe Ewart 's shopping centre proposal on Royal Avenue will now be jointly developed and phased ...
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Studley sets sights on DTZ as US firms plot UK pacts
New York-based real estate broking firm Julien J Studley has begun a drive to form an Anglo-American alliance, with DTZ Debenham Thorpe already tipped as the front-runner. The company's chairman, Julien Studley, held meetings with three UK surveying firms last month and, according to sources close to Studley, DTZ ...
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Savills buys out Trigon to launch new PFI drive
Savills , the holding company of FPDSavills, has bought out facilities management company Trigon, which it is planning to use as a springboard into the corporate PFI arena. The surveying firm will this morning announce to the Stock Exchange that it has bought out its joint venture partner Castle ...
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Land Securities to enter Belfast shopping battle
Land Securities is to make a late entry in the beauty parade of developers hoping to capitalise on Belfast s booming retail scene with plans for a giant shopping centre. The UK s only FTSE100-quoted property company has formed a joint venture with Deramore Property Group to build a ...
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AEW link plugs DTZ's US gaps
DTZ Debenham Thorpe this week took strides to fill the gap in its US network by forming a joint venture and an association with investment adviser AEW Capital Management. The move means that DTZ, unlike its UK rivals, has adopted a segregated approach to its American coverage and ...
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Agents’ anger at Ofgas muddle
Regulator s handling of government property tender has raised serious questions.
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£500m spree marks UK debut for WP Carey
WP Carey, a $3bn US property investor, will today roar into the UK property market with plans to launch a £500m investment drive. Through its five-year programme, the company will become one of the most acquisitive US players in the UK by targeting industrial and office buildings. It will pose ...
