All articles by Hannah Emanuel – Page 5
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Online
BL shareholders spurn Laxey, but send Ritblat a warning
Proposals for share buybacks and outsourcing of property management were heavily defeated by British Land shareholders at the company's AGM yesterday, but the vote to re-elect chairman and chief executive John Ritblat as a director of the company was carried by a surprisingly narrow margin.
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Doubts raised over extra money for housing and transport
Government plans to increase spending on affordable housing and transport have been given a muted welcome by the RICS and London First, the business campaign group.
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Ritblat gives up chairman's role at British Land
John Ritblat is to step down as chairman of British Land while retaining the role of chief executive.
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Rebel Laxey raises stake in British Land to 9%
British Land is investigating claims by rebel shareholder Laxey Partners that it has dramatically upped its stake in the company from 2.9% to 9%.
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Rugby buys Westbourne House for £8m
Rugby Estates has bought Westbourne House in London W2 from a private client of Citigroup Private Bank for £8m.
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Burford makes Mayfair Place sale for £85m
Developer Burford has sold one of two buildings at its one-acre site in Mayfair Place, London W1, to BP Pension Fund for £85m.
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Helical wins race for major White City site
Helical Bar, working with Morley Fund Management, has been named as the preferred bidder for Dairy Crest's 4.1 ha site at Wood Lane, London W12.
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Canary Wharf chief makes £1m from share sale
The chief executive of the Canary Wharf Group, George Iacobescu, made more than £1m yesterday by exercising some share options.
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RICS "disappointed" as estate agents reject merger
The RICS has said it is "disappointed" by the firm rejection of its offer to take over the National Association of Estate Agents.
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Murphy replaces Creedy Smith at CB Hillier Parker
Robert Murphy has been promoted to head of city investment at surveyors CB Hillier Parker.
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CB Richard Ellis strengthens New York operation
CB Richard Ellis, the world's largest property services firm, has announced two further appointments for its New York operation.
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Regent Street helps Crown Estate to big profit rise
The Crown Estate has reported a successful year with a 10.6% rise in profit to £163m and a 4.4% rise in the value of its portfolio to £4.2bn.
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Facilities manager Connaught buys bluu Ltd
Connaught, the AIM-listed facilities management group, has announced the acquisition of bluu international Ltd (sic), an interior design and project management company.
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Knight Frank warns of investment danger
A unique combination of hardening yields and falling demand from occupiers is creating a potentially dangerous climate for investors in commercial property, according to research by Knight Frank.
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British Land faces fresh criticism
British Land has declined to comment on two separate reports that criticise the company's corporate governance.
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£141m Treasury refurbishment unveiled
A major refurbishment of the Treasury s offices at 1 Horse Guards Road, London SW1, was unveiled today.
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Grosvenor secures letting at former Enron HQ
Grosvenor has let 9,300 sq m (100,000 sq ft) of space in the former British HQ of energy company Enron at 40 Grosvenor Place, London SW1.
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Senior partners quit Healey & Baker's City office
Colin Hargreaves and Angus Goswell, partners at the City office of Cushman & Wakefield Healey & Baker, are leaving to set up their own practice.
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International woes hit DTZ profit
Losses at its international offices have contributed to a 33% decline in pre-tax profit for DTZ Holdings.
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Green bid is second time lucky for Vernon
Green Property's managing director Stephen Vernon looks set to succeed in his latest attempt to buy out the company after independent directors recommended his cash offer of 1.05bn (£677m).