All articles by Tim Danaher – Page 14
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News
DTZ scoops £500m German instruction...
DTZ Debenham Thorpe has won the UK s largest office instruction to search for a new head office for German bank Dresdner Kleinwort Benson (DKB). The firm s City team has been appointed to advise the property fund management arm of Dresdner Bank, DEGI, in a £500m search ...
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News
Great Park green light
Newcastle City Council set itself on a collision course with the government this week when it approved the redevelopment of a swathe of greenfield land to the north of the city. On Tuesday, the council’s planning committee voted nine to three to approve the 480ha (1,190 acre) Newcastle Great ...
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News
LandSec loses out in City numbers game
Land Securities plan to relocate one of the last remaining Blossom s Inn tenants in the City the State Bank of India suffered an embarrassing setback this week. The UK s largest property company was told on Tuesday that the 19-23 Moorgate site was ...
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News
TrizecHahn’s internet warning
Toronto-based property company TrizecHahn has warned that the UK property market is most vulnerable to the revolutionary impact of e-commerce. Speaking a week after Land Securities cautioned UK investors of the tremendous change that e-commerce will bring to UK retailing, TrizecHahn warned that government moves ...
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Truce called in Birmingham
A truce was called on the war of words between the Richardson brothers and Birmingham City Council when the Black Country-based developer was given the Green light for its £60m No 1 Colmore Square office scheme in Birmingham. The 18,580 sq m (200,000 sq ft) project was ...
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News
Stay of execution for Rotunda
The Rotunda, Birmingham s most famous building, was handed a temporary reprieve by its owners last week. Speaking at the state of the nation speech organised by Birmingham City Council , Bob de Barr, a Land Securities director, said he had commissioned a feasibility study ...
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British Land set for Broadgate rent battle
The battle lines are being drawn between NatWest and British Land at the £2bn Broadgate office complex, in the City s largest rent review of the year. Richard Ellis St Quintin s professional team has been appointed to defend the troubled banking giant ...
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News
Brummie mixed-use plans start to snowball
Birmingham City Council and Railtrack are expected to roll out plans next week for one of the largest and longest-running development schemes in Birmingham at Snow Hill station. Design team Urban Initiatives has been commissioned to draw up the planning brief for the 74,320 sq m ...
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Insight
Breaking the mould
Britain s leading developers and architects have thrown their weight behind Property Week s campaign to rewrite planning guidelines for historic areas. This week we reveal how architects Lord Rogers and Richard MacCormac and lobbyist Richard Coleman want the government to change the rules.
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News
Lend Lease axed from Hampshire scheme
Lend Lease s aggressive European expansion faltered this week in Fareham, when the borough council rejected revised proposals for a £45m leisure scheme. Fareham Borough Council revealed that the Fareham Retail Partnership, a joint venture between Lend Lease and THI, had been replaced by CTP Miller as the preferred ...
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News
Occupier set to snatch £100m Victoria block
PA Consulting is set to outbid a consortium of funds to acquire a prime £100m slice of London s Victoria office market. The management consultant, which occupies the offices, is understood to have submitted a knockout proposal to beat Mercury Asset Management and hermes . Sources suggest that the funds ...
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News
Lend Lease gears up for Euro drive with Bovis
Lend Lease tooled up for an aggressive push into the European and US markets this week with the £285m acquisition of the UK s number one construction management company, Bovis. The acquisition of the former construction arm of P&O fits into the Australian-based property investor s strategy to ...
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News
Brum boss set to spark development boom
Birmingham City Council s new head of economic development is considering relaxing the application of planning guidelines in conservation areas to promote speculative development. Four key schemes on Edmund Street, blighted for years by what local developers and agents have called the intransigence of the council s ...
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News
Birmingham calls for Urban Priority status
A key recommendation of Lord Rogers Urban Task Force is to form the backbone of Birmingham City Council s strategy to redevelop the east side of the city. Albert Bore , leader of Birmingham City Council, frustrated by delays to the city s Mass House regeneration scheme, has ...
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News
Arlington swoops as Thames Valley hots up
Competition for business park development sites in the Thames Valley intensified this week as two of the few remaining lots went under offer. Arlington bought from British Aerospace by PRICOA last year for £285m broke its almost year-long duck by snapping up the ...
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News
BT retreat set to free up City office space
BT s property arm, Southgate Developments, is preparing to bail out of its last City development sites, unleashing more than 70,000 sq m (750,000 sq ft) of development space. As Property Week was going to press, the group was inviting five agencies to pitch for the instruction on Mondial ...
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News
Banks put freeze on deals in bid to beat 2000 bug
Britain's biggest banks have frozen property decisions for a three-month period over concerns about the Millennium Bug. Lloyds TSB , Barclays and NatWest have opted for a 'safety first' approach to the problem, putting many deals on ice. As part of an industry standard defence against the Year 2000 ...
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News
Development masterplan set to end City stagnation
Masterplans are quietly being drawn up on a huge raft of land in the City for the first time since the aftermath of the Second World War. Separate plans are being devised by Jones Lang Lasalle and the Corporation of London which could lead to dramatically improved ...
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MEPC speeds push to increase its lot values
Jamie Dundas has intensified the push to increase the average value of lot sizes within MEPC s £3.3bn portfolio. This week the MEPC boss moved closer to selling a £200m chunk of the industrial properties that the company acquired when it bought out PSIT in ...
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Insight
Cutting one's coat to suit
So far this year nearly 40 companies have left the Stock Exchange. With other property companies likely to take this route, Rainbow Blue Nelson talks to Greycoat Estates about the advantages of de-listing