All articles by Mike Phillips – Page 6
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Online
What happened to Lehman’s $30bn property empire?
£32m. That is how much equity has been realised for creditors of Lehman Brothers from a portfolio of more than 130 European joint ventures once estimated to have a gross value of $8bn.
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Online
€1.4bn sale of Lehman’s biggest European asset scheduled for next spring
The sale of the biggest European asset bought by Lehman Brothers during the boom has been lined up for next Spring, Property Week can reveal.
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Insight
Reasons to be cheerful
The market has put the worst behind it. Mike Phillips identifies the signs of a sustainable recovery
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News
DTZ eyes M&As after 2014
UGL chief says demerged property services firm will scale up globally through acquisitions
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News
Property could recoup up to £10bn from swap missales
DTZ report shows that redress from banks could enable loan restructurings to go ahead
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Online
Forum sells 25% stake in business and raises $600m or investment
Opportunity fund manager Forum Partners has sold a 25% stake in its business to a subsidiary of a French bank, which has also provided it with $600m to invest in property, starting in Europe.
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Online
PWTV: Bruce Ritchie “I had a vision of people with wheelbarrows outside building societies"
The founder and chief executive of Residential Land, Bruce Ritchie talks to editor of Property Week, Mike Phillips about his memories of the financial meltdown five years ago.
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Online
Property sector could recoup £10bn bank mis-selling windfall
Property borrowers are in line to recoup between £5bn and £10bn from lenders due to complex interest swaps put in place at the height of the market.
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Online
Property sector could recoup £10bn bank mis-selling windfall
Property borrowers are in line to recoup between £5bn and £10bn from lenders due to complex interest swaps put in place at the height of the market.
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Insight
Questions remain after Grimsey and Portas reports
It’s been a big week for bullet-pointed action plans.
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Insight
Is US private equity 2.0 calling the market right?
The second wave is coming. Earlier this month Los Angeles-based fund manager Karlin Asset Management bought a secondary office building in Peterborough from the Glanmore Property Fund for £16m.
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Insight
British Land’s lessons from Broadgate
Now that the sale of Blackstone’s half-share of Broadgate is well on the way to being completed, then the favourite pub debate can really begin: was British Land right to sell its 50% stake in the pioneering City of London office complex to the US fund in 2009?
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Online
From the Newsroom: Inside GIC's stunning Broadgate buy
GIC has agreed a deal to buy a 50% stake in the 4.4m sq ft Broadgate office complex in the City from Blackstone for £1.7bn – the UK’s largest ever single asset property deal.
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Online
Far Eastern fund to buy £1.7bn Broadgate stake
One of the world’s biggest sovereign wealth funds has agreed a deal to buy a 50% stake in Broadgate from Blackstone for £1.7bn, Property Week can reveal.
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Insight
Smart parking just the ticket for ailing high street
Parking is a key issue for the high street and the retail sector as a whole.
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Professional
Sociable Surveyors awards 31 internships
Property industry newcomers advised to gain local knowledge first
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News
Urban Splash restructuring relieves £200m debt pile
Residential developer Urban Splash has completed a corporate restructuring that will enable it to manage legacy assets for its lenders, as well as pursue new joint ventures.
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Insight
Flight paths crossed at Manchester and Heathrow
Rows over two airports this week spoke of the desperate scramble for inward investment into the UK.
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Online
Increase in debt prompts Brookland to set up new platform
An increase in the amount of debt available to the property market has prompted one of the UK’s best debt specialists to set up a new loan advisory platform.