All articles by James Whitmore – Page 20
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Online
Rupert Clarke steps down as Hermes chief
Rupert Clarke is stepping down as CEO of pension fund manager Hermes.
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Oxford Properties completes £400m Green Park purchase
Oxford Properties has today completed the acquisition of Green Park, the 190-acre business park in Reading, from Prupim for around £400m.
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Capital growth slumps to zero
Eurozone crisis freezes commercial property prices for first time since 2009, IPD index reports
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Former ING REIM UK chief Kevin Aitchson leaves following CBRE Investors merger
Kevin Aitchison, CEO of ING REIM UK since October 2008, will leave at the end of November following the merger of ING REIM and CBRE Investors.
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Morgan Stanley to buy €3bn of Spanish residential assets from Santander
Morgan Stanley Real Estate is close to buying a €3bn package of repossessed homes and plots of land in Spain from Santander.
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Online
MWB Group given more time to decide on Business Exchange bid
MWB Group has been given yet more time to decide whether or not to bid for serviced office company MWB Business Exchange.
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Cushman makes third quarter profit of $8.2m
Cushman & Wakefield has delivered its best set of quarterly results since Glenn Rufrano took over as CEO in March 2010 despite the accelerating eurozone debt crisis.
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News
UGL: ‘steady Eddie’ company that wants to buy DTZ
Australian hard-hat giant has low debt and describes itself as “safe”. James Whitmore reports
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Colliers shares tumble 27% "because of DTZ statement"
Colliers International’s shares have tumbled today to a price that values the company at just £3.6m.
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Midweek Bulletin: What would UGL's DTZ takeover mean for UK business?
DTZ’s announcement today that it has picked Australian facilities management company UGL as preferred bidder for the company creates an unusual cultural partnership.
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Lok’nStore reports doubling in profits
Lok’nStore, the UK self-storage provider, has delivered a stellar set of annual results.
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News
Eurozone fears knock confidence in UK property
Survey finds respondents in gloomier mood than last year. James Whitmore reports
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CBRE continues quest for global domination
Firm takes over ING for $1.2bn to become world’s largest property fund manager
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Online
Tim Turnbull joins Europa Capital
Tim Turnbull, the former chief investment officer of Hermes Real Estate, has joined Europa Capital’s management team with responsibility to expand fund relationships.
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Jones Lang LaSalle reports third quarter net profit of $50m
Jones Lang LaSalle has reported forecast-beating third quarter results.
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Property companies spared “damaging” changes to lease accounting
Owners of investment properties will be excluded from a proposed major overhaul of rules for how businesses recognise lease transactions.
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Goodman raises new capital for €1.6bn European logistics fund
Goodman Group has secured a €1.2bn equity and debt package for Europe’s largest distribution property fund.
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CBRE completes $1.2bn ING REIM acquisition
CBRE last night announced that it had completed the $1.2bn acquisition of ING Real Estate Investment Management to become the world’s largest property fund manager.
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News
Axa axes €2.5bn fund . . .
Investors cash needs and eurozone debt crisis blamed as fund forced to close