All Editorial articles – Page 15
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OnlineGovernment approves West Ham Olympic stadium bid
The government and the mayor of London Boris Johnson have approved the recommendation of the Olympic Park Legacy Company to make West Ham and the London Borough of Newham the preferred bidder for the future use of the Olympic stadium.
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Hines starts redevelopment on Midtown building
Hines has announced it will start construction of 280 High Holborn in London’s Midtown this month. The 67,000 sq ft office building is being constructed on the former Chichester House site, which is located opposite MidCity Place on High Holborn.
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Allianz signs €470m logistics jv with AMB
AMB Property Corporation has formed a €470m joint venture with Allianz Real Estate to buy logistics properties at major transport hubs in Europe.
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OnlineCoull and Higgins hired for government property panel
Property big-hitters including outgoing Segro chief Ian Coull, former Lend Lease chief David Higgins, and ex-Lehman Brothers managing director Gerald Parkes have been appointed to a new property advisory panel to scrutinise the work of the Government Property Unit.
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Evans Randall completes 60 Gracechurch Street sale
Evans Randall has completed the sale of 60 Gracechurch Street to a German limited partnership fund established by KGAL for around £120m.
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Goodman wins 1.2m sq ft German Amazon shed deal
Goodman Group is to develop a 1.2m sq ft shed for Amazon in Rheinberg, Germany.
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OnlineFormer JLL senior partner Noel Taylor dies
Noel Taylor, the former senior partner of Jones Lang LaSalle, has died at the age of 91.
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Aberdeen wins €300m Swedish portfolio mandate
Aberdeen Asset Management has been appointed to manage a €300 property portfolio in Sweden on behalf of Danish company Provinsfastigheter.
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Cross-border deals jump by 60%
Global cross border investment increased by 60% year-on-year in 2010, accounting for 40% of all commercial property deals, according to new research by Jones Lang LaSalle.
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Unite adopts new London student housing focus
Unite Group, the student accommodation company, is to change its business model, by focusing on London and retaining ownership of its developments.
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OnlineWestfield’s Lowy moves aside
Westfield Group’s founder and executive chairman Frank Lowy is to step back into a non-executive role, handing control to his two sons, Peter and Steven, who will become joint chief executive officers.
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St Modwen JV gets Wolverhampton Goodyear consent
A joint venture between St Modwen and Persimmon has secured planning permission for a £50m residential development in Wolverhampton.
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OnlineWestfield unveils images of first Stratford offices
Westfield has completed the first 130,000 sq ft office building in its 1.1 million sq ft office development at Westfield Stratford City.
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OnlineTIAA-CREF buys half of Google’s London HQ
The US teachers’ pension fund has been confirmed as the buyer of Henderson Global Investors’ 50% stake in Google’s London HQ, as revealed by Property Week (03.12.10).
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OnlineSunderland council buys Vaux brewery site for £22m
Sunderland City Council, regional development agency One North East and the Homes and Communities Agency (HCA) have bought the 26-acre former Vaux brewery site from Tesco, ending a 10-year row over the site’s future.
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OnlineDJD delivers Manchester ITV studios masterplan
Drivers Jonas Deloitte has advised on a masterplan to regenerate Manchester’s Water Street area with the creation of a mixed-use scheme surrounding the site of the former Coronation Street set.
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DevSecs cautious as market still lacks “clarity”
Development Securities today issued a cautious statement on the outlook for the property sector, alongside its results for 2010. The company said that it expected to see more opportunities to put its cash to work in developments as banks begin to unwind their exposure to unwanted property loans, but that ...
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Safestore appoints new chief executive
Peter Gowers has today taken over as chief executive of listed self-storage business Safestore following the retirement of Steve Williams.
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OnlineHMV in talks with lenders after profit warning
Retailer HMV said in a trading update today that it was in talks with its lenders to avoid breaching debt covenants at the end of the financial year.
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HCA consults on HomeBuy rationalisation
The Homes and Communities Agency has today detailed its plans to centralise the HomeBuy network by rolling 13 organisations in England into a single national body.
