All Editorial articles – Page 25
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Spending Review: asset sales among £6bn back-office cuts
Asset sales and property savings are among £6n of planned cuts to administrative budgets, announced today by chancellor George Osborne.
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Defence review sets out £850m property plan
The government has set out plans for an £850m programme of asset sales and efficiency savings in the Ministry of Defence’s Strategic Defence Review.
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Defence ministry axes £12bn St Athan training base
The Ministry of Defence (MoD) has terminated plans to rationalise its training facilities into a single base at St Athan in the Vale of Glamorgan in Wales.
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Cameron: Departments should pay property vehicles market rent
New property vehicles to own and manage the government office estate should charge departments “market rent”, prime minister David Cameron has said.
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Hatfield Philips warns on LTV foreclosures
Debt servicer Hatfield Philips today said that breaches of loan to value covenant should rarely form the basis for a decision for lenders to foreclose on a loan.
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DJ Deloitte poaches DTZ’s Simon Williams
DJ Deloitte has recruited former DTZ and Donaldsons partner Simon Williams as a partner in its capital markets team heading up retail investment and central government procurement.
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Property Standards Board throws in the towel
The Property Standards Board has thrown in the towel barely a year after it was launched to improve residential property and protect consumers from cowboy sales and letting agents.
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Property big hitters back Osborne’s cuts
Companies including Max Property and Hammersonhave given public backing to the £83bn cuts due to be announced by chancellor George Osborne on Wednesday.
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PWTV: Helical Heroes swoop through Mayfair for LandAid
Mike Slade led a troop of super-heroes through the streets of Mayfair to collect money for LandAid Day on Friday.
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City Property Association warns on Crossrail cuts ahead of spending review
The City Property Association has called for caution on any cuts to be made to the Crossrail transport project in next week’s Comprehensive Spending Review.
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NWDA chief executive steps down
North West Development Agency chief executive Steven Broomhead is to step down from his post.
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Global property equity rises 22%, DTZ says
The amount of equity targeting the property sector across the globe has risen sharply in 2010, but investors are cool on Europe, a new report said this week.
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Invista to be wound up after £2.4bn contract loss
Invista Real Estate Investment Management is to sell off all its assets and return capital to shareholders after Lloyds Banking Group transferred its largest fund management contract to Scottish Widows Investment Partnership.
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Green report blasts government’s handling of properties
The government must overhaul how it deals with its properties as it is impossible to make savings using the current processes, Topshop founder Sir Philip Green has said in his efficiency report.
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Sir Philip Green to slam public property waste
The government is failing to get value for money from its property and other contracts and could do better by centralising procurement, according to a review by Topshop founder Sir Philip Green.
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Craigmillar library and council office gets go-ahead
Edinburgh Council has approved plans for new 48,000 sq ft East Neighbourhood office and library in Craigmillar.
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Thomas Cook to merge high street business with Co-op
Thomas Cook has announced that it is to merge its high street travel and foreign currency exchange business with the Co-operative Travel Company.
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Barratt/Wilson Bowden chosen to develop Basildon town centre
Basildon Council has selected a joint venture between Barratt Homes and Wilson Bowden as its partners for a £1bn town centre redevelopment.
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Peabody accepted by Crown for key worker estates
The Peabody Trust is the frontrunner to buy four key worker estates in London which were put up for sale by the Crown Estate.
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Herrington leaves F&C Reit
Paul Herrington, head of property asset management at F C Reit, has left after 22 years at the company in its current and previous forms.