All articles by Hannah Emanuel – Page 7
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Canary Wharf shares revive as lease is signed
Law firm Allen & Overy has signed a lease agreement for 7,250 sq m (78,000 sq ft) of office space with the Canary Wharf Group in London's Docklands.
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OnlineChief executive leaves Mentmore Abbey
The chief executive of quoted business space and self-storage group Mentmore Abbey left today by mutual agreement .
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Nod for £220m Southwark plan
Southwark Council has resolved to approve plans by Land Securities for a £220m redevelopment of Tabard House and St Christopher House on Southwark Street in south London.
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£80m Merton scheme finally wins approval
Countryside Properties has won planning permission for an £80m mixed-use scheme in south-west London after more than two years of duelling with secretary of the state, the mayor of London and the borough council.
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Compco announces new chairman and 7% NAV rise
Property group Compco has appointed Philip Lewis, executive chairman of property investor and developer Hines UK, as its non-executive chairman and announced a 7% rise in net asset value (NAV) per share in its year-end results.
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Retail parks lift Pillar
Shares in Pillar Property continued their upward trend this morning as the company announced a 10% rise in the value of its retail parks and the return of £143m to shareholders in its year-end results.
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New names tipped to buy Green Property
Speculation about who may win the race to buy Green Property is intensifying with British Land, Treasury Holdings, Lehman Brothers, Deutsche Bank and Green s own managing director Stephen Vernon all tipped by a variety of sources.
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Cost of professional indemnity insurance soars
The cost of professional indemnity insurance is rising rapidly with many property surveyors seeing their premiums go up by 25-50%, according to a survey by the Managing Partners Forum (MPF).
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"Shining" performance from TR Property Investment Trust
The TR Property Investment Trust, part of Henderson Global Investors, has reported a 6.7% rise in fully diluted net asset value (NAV) per share to 78p.
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Helical sells 60 Sloane Avenue for £65.6m
Developer Helical Bar has entered into a contract to sell its 60 Sloane Avenue building in South Kensington, London, to German fund DEKA for £65.6m.
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Regus avoids Chapter 11 filing
Regus, the troubled serviced offices provider, says it is unlikely to file for Chapter 11 protection in the US thanks to successful cost-cutting measures.
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Acquisitive Morley exchanges on 11 retail parks
Morley Fund Management has exchanged contracts with Pillar Property and the Hercules Unit Trust to buy 11 retail parks for £185m.
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Hussey quits Canary Wharf for LandSec
Land Securities has poached Mike Hussey, former head of marketing and leasing at Canary Wharf Group, to work as a director at Land Securities' development arm.
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Struggling Chesterton in takeover talks
Chesterton, the quoted property services company that lost £6.5m in the second half of 2001, has announced it is considering takeover approaches from several unnamed parties.
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Reshuffle could hit planning reform, RICS fears
The RICS has voiced fears that yesterday's shake-up at the Department of Transport, Local Government and the Regions (DTLR) could disrupt planning reform.
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OnlineGreenwich deal boosts Quintain
A huge uplift in the value of land owned by Quintain on the Greenwich peninsula has helped the company to a 10.6% increase in net asset value per share (NAV) for the year to 31 March 2002.
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Hercules dogged by insurance problems
Shares in Hercules Property Services have fallen 20% this morning after the company issued its second profit warning this year.
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OnlineRitblat ploughs his own furrow
British Land gave a blunt response to calls from rebel shareholders for share buybacks this morning when announcing its results for the year to 31 March 2002.
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Major prelet at Oxford Street for DevSec
Development Securities has pre-let 3,250 sq m (35,000 sq ft) of retail space at its 333 Oxford Street development in central London for an annual rent of £2.75m.
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OnlineChairman of CB Hillier Parker to step down
CB Hillier Parker has announced the retirement of its chairman and senior partner, Robert Farnes, at the end of 2002.
