All articles by Hannah Emanuel – Page 11
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News
HQ Global files for Chapter 11 respite
Struggling US serviced office provider seeks time to repay creditors
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Online
Chesterton crashes £6.5m into the red
Property services company Chesterton International has posted a pre-tax loss of £6.5m for the six months to 31 December 2001.
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Online
Chelsfield takes 100% stake in Global Switch
Chelsfield is to buy out its co-shareholders in Global Switch, the troubled internet hotel group, after writing down its existing 47% stake by £76.3m.
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Online
Great Portland Estates appoints new chief executive
Quoted property company Great Portland Estates has announced the departure of its managing director Peter Shaw and the appointment of a new chief executive, 33-year-old Toby Courtauld, formerly of MEPC.
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Online
Retail values begin rising again
The value of high street shops began rising again in the last months of 2001 for the first time since April 2000, according to research by Donaldsons.
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Online
HQ Global files for Chapter 11 protection in the US
US serviced offices provider HQ Global has filed for Chapter 11 protection from creditors.
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Online
Unite to raise £285m through securitisation
Unite, the specialist provider of accommodation for students and key workers, aims to raise up to £285m by securitising virtually all of its income-generating properties to date.
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Online
BT targets banks and retailers with FM offer
BT is teaming up with six facilities management (FM) companies to offer a combined FM and IT outsourcing package called Outsmart.
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Online
Haslemere reveals takeover bid details
UK quoted property company Haslemere NV has announced details of a £898m takeover bid from a consortium of US and Israeli investors.
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Online
Hammerson clinches City's biggest ever prelet
Hammerson has agreed terms with law firm Allen & Overy to lease 70,000 sq m (753,000 sq ft) of office space at its Bishops Square scheme in Spitalfields, London E1.
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Online
Haslemere makes £73m from sale of RREEF US
Haslemere has made a profit of £73m from the sale of RREEF US, the US-based real estate investment management firm, to Deutsche Asset Management.
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Online
Savills raises turnover by 10% but profits decline
Shares in Savills, the international property adviser, rose 4% this morning after the company reported a fall in profits that was not as bad as expected.
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Online
Hammerson goes shopping after 10% NAV rise
Hammerson has reported a 10% rise in net asset value (NAV) per share for the year to 31 December 2001 and announced £195m worth of acquisitions.
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Online
Brixton slides on low NAV rise
Shares in Brixton Estates fell almost 7% this morning after the company reported a rise in net asset value (NAV) per share of just 0.9% for the year to 31 December 2001.
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Online
Go-ahead for London congestion charges
London mayor Ken Livingstone today signed the order to introduce congestion charges in central London.
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Online
British Land in £53m Swindon shopping spree
British Land has splashed out £53m on the acquisition of a major retail and leisure project in Swindon.
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Online
£16m Council headquarters deal for Cambridge
South Cambridgeshire District Council (SCDC) has signed a deal believed to be worth around £16m with Development Securities and Wrenbridge Land for the development of a 4,645 sq m (50,000 sq ft) headquarters building.
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Online
Lend Lease raises profit by 16%
Lend Lease, the global real estate group headquartered in Sydney, has announced a 16.2% increase in post-tax operating profits to A$126m (£45.6m) for the six months to 31 December 2001.
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Online
Treasury gears up for expansion
Dublin-based Treasury Holdings has appointed five new board directors in advance of plans to raise 850m euros (£521m) for property and environmental projects.
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Online
EMI eyes property disposals
The EMI Group is thought to be planning to sell property assets as part of a drive to reduce debt of £1.1bn.