All articles by Hannah Emanuel – Page 8
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OnlineMillennium Dome group denies "sweetener" claims
Meridian Delta, the Lend Lease/Quintain consortium which is aiming to redevelop the Millennium Dome and land surrounding it on the Greenwich peninsula, has denied reports that it has secured a new river crossing to be funded by tax payers as part of its deal with the government.
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OnlineGE Capital announces new UK managing director
Alec Burger has been appointed managing director of GE Capital Real Estate's UK operation, replacing Mark Collins, who left earlier this month to join Land Securities as head of its portfolio management business.
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£360m makeover for Regent Street properties
The Crown Estate has revealed plans to remodel three properties on London s Regent Street at a cost of £360m.
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OnlineManagement buyout offer for Saville Gordon
Shares in industrial property group Saville Gordon Estates leapt 16% this morning after it announced a recommended buyout offer led by chief executive Roger Carey, backed by Morgan Stanley Real Estate.
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Good news on rents lifts Shaftesbury
Shares in Shaftesbury, the central London property company, rose 3% this morning as it revealed a 13% increase in pre-tax profit to £15.1m in its interim results.
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Lehman buys into Haslemere takeover group
The Lehman Brothers Real Estate Partners fund has taken a 23.5% stake in the Brack Capital consortium, which is poised to take over Haslemere.
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OnlineLandSec shareholders stay faithful despite flat NAV
Land Securities has reported a flat net asset value (NAV) per share figure for the year ended 31 March 2002, but shares have risen slightly as the company announced the return of £500m to shareholders.
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M&S announces expansion plans
Marks & Spencer has announced plans to open 20 new Simply Food stores over the next 12 months as it reported a 31% increase in operating profits.
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Chartwell and Henderson make key appointments
Chartwell Land has announced the appointment of Martin Reavley as managing director while Henderson Global Investors has appointed Patrick Bushnell to the new role of director of property for Europe.
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DevSec tries again for Royals Business Park funding
Development Securities has renewed its efforts to gain funding to build the first phase of its Royals Business Park in east London.
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OnlineNew chairman for Investment Property Forum
Steven Fogel, managing partner at law firm Dechert, is to become chairman of the Investment Property Forum (IPF).
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Property Fund Management completes flotation
Property Fund Management, formerly the IO Group, has completed its share placing on the London stock market.
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Shares in recovering NHP rise 8%
Shares in NHP, the property investor specialising in care homes, rose more than 8% this morning as the company announced a rights issue and buoyant interim results.
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British Land refinances bonds
British Land today announced that it is planning to chop £5.3m a year from its interest bill by refinancing £323m of convertible bonds.
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Grantchester's triple NAV rises 2.4%
Retail warehouse specialist has reported a slight rise in pro forma triple net asset value (NAV) per share for the six months to 31 March 2001.
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Losses deepen at CB Richard Ellis
CB Richard Ellis, the world's largest property services firm and parent of CB Hillier Parker in the UK, announced deepening losses for the first quarter of 2002 yesterday.
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Jarvis shares slide following rail crash
Shares in Jarvis, the construction and property group responsible for the maintenance of railway track and points at Potters Bar where a train crash killed seven and injured 70 on Friday, have fallen by 14% this morning.
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Safeway hires L&R for property review
Safeway, the UK's fourth-largest supermarket chain, has appointed London & Regional to help it find ways to extract more value from its £3bn property portfolio.
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European recovery fails to lift Insignia
Insignia Financial, the US listed parent company of Insignia Richard Ellis, posted losses of $408,000 yesterday for the first quarter of 2002, although its European operations showed improved performance.
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Unite meets growth target with 6,000 new beds
Unite, the specialist provider of accommodation for students and key workers, announced today that its expansion plans are on track with the addition to 6,000 beds to its portfolio since the start of 2002.
