All articles by Hannah Emanuel – Page 12
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Kingfisher to open 100 new B&Q Warehouses
The Kingfisher retailing group has reported a 17% rise in sales for its B Q stores and has confirmed plans to add almost 100 new outlets by 2006.
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Triumphant St Modwen reports 18% NAV rise
St Modwen Properties has notched up an 18% rise in net asset value (NAV) to 137p per share for the year to 30 November 2001.
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Liberty posts 3.9% NAV rise
Liberty International has reported a modest rise in net asset per share value (NAV) of 3.9% in its year-end results for 2001.
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Chaney is named Real Estate Executive of the Year
Alan Chaney of London Electricity was named Corporate Real Estate Executive of the Year at the NACORE Awards gala dinner, held in London last night.
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Green claims "very respectable" performance
Green Property, the Anglo Irish developer and investment company with gross assets of 2 billion euros (£1.25bn), has reported a rise in net asset value per share of 10.4% for 2001.
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JLL reports reduced losses
Jones Lang LaSalle (JLL) has reported a loss of $15.4m (£10.8m) on revenues down by 4% to $881.7m (£621m) for 2001, but emphasised that this was an improvement on the previous year.
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Expanding Unite adds more accommodation
Unite Group, the fast-growing provider of accommodation for students and key workers, has acquired three new schemes with a total completion value of £44m.
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Canary Wharf in fresh bond issue
Canary Wharf Group is planning to raise £1.25bn by issuing a bond secured against future income from four buildings.
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Newcastle tops league table for fastest-growing office rents
Newcastle experienced the fastest growth in prime office rents of any UK city last year, with central rents rising 21%, according to new research from King Sturge.
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Crest Nicholson struggles to impress stock market
Shares in Crest Nicholson, the residential developer with interests in property and construction, slipped this morning despite its announcement of a 10% rise in pre-tax profit to £53.1m.
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Rugby seeks performance boost with Covent Garden deal
Rugby Estates is to sell its Covent Garden properties, valued at £63m, into an offshore limited partnership with fund manager Baring, Houston and Saunders.
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How the M25 ground to a halt
Annual take-up of office space in the M25 market fell to its lowest level since 1997 during 2001, according to research by agent Knight Frank.
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Bold purchase for Estates & General
Property investor Estates General has enlarged its asset base by 62% to £171.5m with the purchase of four offices from Equitable Life for £65m.
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Milligan quits JLL for retail venture
John Milligan, head of European Retail at Jones Lang LaSalle, is to leave the company after 18 years to set up his own retail property development business.
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Psst - fancy a merger?
Medium-sized firms of surveyors, architects and quantity surveyors are eagerly sizing each other up with a view to merging, according to a new survey.
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Carphone Warehouse: "expansion continues"
Carphone Warehouse says it will push ahead with plans to open around 100 new stores in the UK over the next 12 months, despite issuing a profits warning this morning that sent its share price plummeting.
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Occupation levels fall further
The amount of unoccupied floor space in the commercial property market is rising rapidly, according to the latest RICS quarterly survey.
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LandSec shares rise on bid rumours
Shares in Land Securities were rising fast this morning following weekend reports that the two founders of its outsourcing subsidiary, Trillium, were preparing a takeover bid for the company.