All articles by James Whitmore – Page 12
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Online
Cushman suffers first-quarter loss
Cushman & Wakefield lost $18.7m in the first quarter of the year, nearly double the loss made last year, after incurring a 7% increase in operating costs.
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Online
Cushman suffers first-quarter loss
Cushman & Wakefield lost $18.7m in the first quarter of the year, nearly double the loss made last year, after incurring a 7% increase in operating costs.
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News
Marcus brings little black book to Evans
Yorkshire-based property group’s new MD hopes to tap into his contacts
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Insight
Back into the black
Years of losses, mounting debt, a costly workforce and a pensions black hole have forced UK Coal to bet its future on the success of its newly spun-off property arm, Harworth Estates. James Whitmore reports
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News
End of 1980s era of investment banking
Ian Marcus’s departure from Credit Suisse’s property team marks the end of a generation of UK real estate investment bankers who started work in the 1980s, writes James Whitmore.
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Online
Sainsbury’s to scale back store growth
Sainsbury’s said this morning it would follow chief rival Tesco in scaling back new retail space growth as it reported a decline in full-year profit.
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Online
CBRE chief Brett White to step down
Brett White is to step down as CEO of CBRE at the end of this year after seven years at the helm, the firm announced last night.
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Online
Evans appoints top UK banker as MD
Ian Marcus, the UK’s best-known real estate investment banker, has today been appointed UK managing director of Evans Property Group.
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Online
IPD shows property values contines to fall
The IPD UK quarterly index shows that the prime property values continued to fall for the second consecutive quarter, albeit by less than 1%.
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Insight
Meadowhall: will it be Korea, Norway, China or Whittaker?
Last year’s deal of the year was Peel Group’s £1.6bn sale of the Trafford Centre to Capital Shopping Centres (Property Awards, p43-p51). Could this year’s be another billion-pound sale: 75% of the Meadowhall shopping centre near Sheffield?
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News
UK Coal to split property arm
UK’s largest coal group to demerge Harworth property arm to tackle mounting pension deficit
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News
DevSecs primed to rake in £25m profit
New private equity business model offers solution during recovery
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News
LaSalle quits $1.5bn Asia Property Fund
Fund manager will cede control to Prupim to focus on individual countries
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Online
JLL reports ninefold increase in first quarter profit
Jones Lang LaSalle last night reported stellar first quarter figures that easily beat Wall Street’s forecast, as it gained market share and expanded operating margins.
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Online
London & Associated’s 29% NAV fall
London & Associated Properties suffered a 29% drop in its net asset value last year as a result of a jump in the mark-to-market valuation of interest rate swaps.
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Online
Hands' £825m grab for care home operator
Guy Hands’ Terra Firma is to buy the UK’s biggest care home operator Four Seasons Health Care for £825m.
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News
Blackstone’s billions
Equity-raising target of $12bn would make latest fund real estate’s largest ever
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News
Salmon swims against current with record results in 2011
Profit of £6.9m on £31m turnover bolstered by new lettings and sales
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News
X-Leisure tops IPD chart with 4.1% first-quarter return
Strong form continues for best-performing pooled property fund of 2010 and 2011
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Online
Lok’nStore profit hit by debt costs
Lok’nStore has reported a 22% decline in first-half pretax profit as a result of higher interest payments and a one-off debt refinancing charge.