Ben Cardew
OnlineFormer Design Council chairman to succeed Lipton at CABE
John Sorrell, former chairman of the Design Council, is tipped to succeed Sir Stuart Lipton as chairman of the Commission for Architecture and the Built Environment.
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Delancey ties up Mayfair lettings
Delancey has secured two new lettings at Chesterfield Gardens in London’s Mayfair.
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Chancellor stalls on REIT legislation
Chancellor Gordon Brown today ruled out any legislation on the introduction of real estate investment trusts (REITs) in the UK in 2005.
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Multiplex buys Pillar out of huge Cricklewood regeneration
Multiplex has paid Pillar £18.6m to buy out its stake in one of London’s biggest regeneration projects.
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Government announces updated business rates package
The government today revealed the final details of its business rates revaluation package, due to come into effect on 1 April 2005, including an extension of the eligibility criteria for the small business rate relief scheme.
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Savills expands in Japan
Savills has continued its expansion into Asia with the purchase of the third-party property and asset management business of GMAC Commercial Mortgage Japan, part of General Motors.
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Warner NAV climbs 11%
Warner Estate today revealed an 11% rise in net asset value to 553p in its interim results.
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St Modwen completes Midlands double
St Modwen Developments has bought two sites in the West Midlands.
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Blackstone makes £563m bid for NHP
Private equity firm Blackstone has made a £563.5m recommended cash offer for care homeowner and operator NHP.
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Colliers buys Glasgow surveyor
Colliers CRE has bought Glasgow-based surveyor Campbell & Co for £1.7m.
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Savills to open Leeds commercial office
Savills is to open a commercial office in Leeds, following the acquisition of Leeds-based property adviser Peter Lund & Partners.
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Bilton to sell Raven Group to Raven Mount in £36.5m deal
Anton Bilton is to sell his private company, Raven Group, into quoted housebuilder Raven Mount, which he heads.
NewsFines loom as firms fail to comply with asbestos law
Many businesses are failing to carry out the risk assessment and management set out in the new asbestos regulations, running the risk of significant fines.
InsightGovernment to overhaul business rate appeals system
Successful appeals against valuations will be backdated to the start of the five-year lifetime of the rating list.
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Morley launches long lease-focused fund
Morley Fund Management has launched an institutional property fund focusing on long leases, with an average unexpired lease term of 24 years, compared to the industry average of 11.
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Pillar Property NAV up 30%
Pillar Property this morning revealed a 30% rise in net asset value in its interim results following strong performances in the retail park sector and its City Offices portfolio.
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MWB Business Exchange signs up at Canary Wharf
Serviced office operator MWB Business Exchange has signed an operating and management agreement at Citigroup’s Canary Wharf office headquarters.
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British Land posts 8.6% NAV rise
British Land this morning revealed a better-than-expected 8.6% rise in net asset value in its interim results, buoyed by a strong retail warehouse market and renewed demand for City of London offices.
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Miller takes £216m Brunel portfolio
Miller Developments has bought the mixed-use Brunel portfolio from Israeli company Alony Hetz Properties & Investments for £216m.
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UK casino company ties up JV
Stanley Leisure, the UK’s largest casino operator, has formed a joint venture with international gaming firm the Genting Group to develop regional - or ‘super’ - casinos in the UK.
