All articles by Polly Mackenzie – Page 14
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Edward Erdman dies
Edward Erdman, the 96-year old veteran of the property industry, has died.
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Greenwood quits Hillier Parker for Grosvenor
BCSC president Jenefer Greenwood is to leave CB Hillier Parker to join the retail team at developer Grosvenor, it was announced this morning.
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M25 vacancy to peak at 9%
Vacancy rates in the M25 office market will peak at 9% in the third quarter of 2003 before the market recovers, research published today by Knight Frank predicted.
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ATP kick-starts Danish pan-European investment
Denmark’s largest pension fund, ATP, has invested €75m (£49m) in three UK-managed funds in a bid to trigger an influx of Danish money into property funds across Europe.
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London Plan under threat from Crossrail chaos
Ken Livingstone’s entire London Plan could be jeopardised if Crossrail, the proposed cross-London railway, does not go ahead, according to a senior member of the London Assembly.
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Minerva extends Allders deadline again
Minerva has given shareholders another week to accept its £160m bid for department store chain Allders, the takeover vehicle Scarlett Retail announced this morning.
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Liberty ups Great Portland stake
Liberty International has bought another 1.3m shares in Great Portland Estates, taking its holding to 20.6% and fuelling speculation that it is planning a takeover bid.
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Hotels win £17m rates rebate
A string of central London and Heathrow hotels have won a £17m rebate on business rates paid since September 11.
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Weak market forces flexible leases, says RICS
Landlords have become increasingly flexible in the face of falling demand for commercial property, the RICS said today.
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Workspace buys £11m London block
Workspace, the flexible business space provider, has bought Canalot Studios in west London for £10.8m.
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ING/Starwood jv closes first deal
A joint venture between ING Insurance and US investment company Starwood Capital was today revealed as the purchaser of Leeds' tallest office building, West Riding House.
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Legal and General launches development division
Legal and General Property has restructured its senior management to create a team overseeing the development of properties in its portfolio.
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Henderson to remain LandSecs chief
Ian Henderson is to stay on as chief executive of Land Securities, the quoted property company announced this morning.
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LandSecs appoints architects for Fetter Lane redesign
Land Securities has appointed architects to radically redesign its £400m Fetter Lane office scheme.
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Corus completes innovative sale-and-leaseback
Corus Group, the Anglo-Dutch parent of the former British Steel, has completed its fourth sale-and-leaseback deal, selling a site in Darlington to regeneration specialist St Modwen.
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Higgs proposes boardroom reforms
Sweeping proposals for the reform of British boardrooms were announced this morning by Derek Higgs, the leader of an independent review of the role of company directors.
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Ashtenne makes £40m fund acquisitions
Ashtenne, the quoted property company, today announced the acquisition of £40m of industrial properties in Wales and the Midlands.
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First ever pan-European sale and leaseback agreed
Alstom, the engineering firm, has agreed terms for the first ever pan-European sale and leaseback deal.
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Minerva warns off rival Allders bidders
Minerva, the property company bidding to take over Allders, has pledged to hold onto its 26% stake in the department store chain, thereby hindering any potential rival bidders.
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DTZ shares reach five-year low
DTZ shares crashed 24% to a five-year low this morning after the property services firm revealed an 86% drop in profits.